Business
Dominari 2025 Revenue Surges 487% in 2025, Balance Sheet Strengthens Significantly
Underwriting revenues increased nearly six-fold and liquidity and working capital more than double in 2025 NEW YORK, March 31, 2026 /PRNewswire/ -- Dominari
About this update from Dominari Holdings Inc.
[{"type":"text","content":"Underwriting revenues increased nearly six-fold and liquidity and working capital more than double in 2025 NEW YORK, March 31, 2026 /PRNewswire/ -- Dominari Holdings Inc. (Nasdaq: DOMH) (\"Dominari\" or the \"Company\"), today announced highlights of its financial results for the year ended December 31, 2025, which were filed with the Securities and Exchange Commission (\"SEC\") in the Company's annual SEC Form 10K.\n \n \n \n \n \n \n \n\"In 2025, we achieved remarkable year over year revenue growth of nearly five times the revenue we had in 2024, reflecting strong underwriting activity, added sources of revenue, robust client engagement and disciplined operational execution,\" said Anthony Hayes, Chief Executive Officer of Dominari. Mr. Hayes further noted that \"when excluding non-cash-based expenses, we saw a year over year proforma bottom line improvement of nearly $46 million as compared to 2024 using the same metrics.\" Mr. Hayes continued, \"The explosive growth and expansion of our business reflect the continued efforts and leadership of Dominari's President, Mr. Kyle Wool, and his team of professionals. The Company's financial metrics have improved across the board as we focus on delivering value to our shareholders every day. We look to build upon our success in 2026, and we are excited about the opportunities ahead. Under Mr. Wool's leadership, we expect continued growth with our business model that emphasizes prudent management while also being flexible and a trusted partner to continue to provide exceptional customer service to our clients.\"2025 Highlights Revenue of $123.1 million, up over 487% from the prior year revenue of $21.0 million.Underwriting revenues totaled $79.0 million in 2025 as compared to $11.4 million in 2024, representing a 596% increase year over year.Carried interest totaled $22.7 million or approximately 18% of 2025 total revenue as compared to no such revenue in 2024.Loss from operations of $55.7 million, an increase of $47.0 million compared to a loss of $8.7 million in 2024, reflecting the increased expenses related to $55.0 million of non-cash stock-based compensation recorded in 2025.Other income of $42.6 million, an increase of $48.6 million compared to a loss of $6.0 million in 2024. This increase was primarily driven by the increase in the market value of the Company's strategic inves...