Dominari Year to Date Revenue Increases by 14% Over 2025

About this update from Dominari Holdings Inc.

Operating loss narrows to $1.1 million for the second quarter as compared to $14.9 million for Q2 2025 NEW YORK , Aug. 11, 2026 /PRNewswire/ -- Dominari Holdings Inc. (Nasdaq: DOMH) ("Dominari" or the "Company"), today announced highlights of its financial results for the quarter ended March 31, 2026, which were filed with the Securities and Exchange Commission ("SEC") in the Company's quarterly SEC Form 10Q. The Company stated that: "In the second quarter of 2026, while our revenues declined from our first quarter 2026 as well as the comparable period in 2025, due to volatility in the marketplace, we reduced our loss from operations to $1.1 million in the quarter from a $14.9 million loss from operations in the comparable period in 2025.  This was driven by holding our gross margins steady at lower levels of revenue while decreasing our operating expenses by 67% compared to the second quarter of 2025. During the quarter, we increased our deferred revenue related to our management services by $3.3 million and the annualized run-rate for recurring revenue increased by $1.2 million as compared to June of 2025." The Company further stated that: "We continued to reward our shareholder base with a $0.31 per share dividend in the second quarter of 2026. Finally, as we move through the second half of the year, we continue to increase our presence in providing capital to the emerging sectors of the economy, and we look to continue to drive towards a model that will deliver positive operating profits and steady returns to our shareholders on a consistent basis." Second Quarter and First-Half Highlights Operating costs and expenses decreased 67% to $17.9 million, and the operating loss narrowed 92% to $1.1 million from $14.9 million in the prior-year quarter. Dominari Financial business segment remained profitable, reporting second-quarter segment net income of $2.5 million and first-half segment net income of $10.8 million. First-half total revenue increased 14% to $52.6 million, driven by underwriting revenue growth of 59% to $40.9 million and commission revenue growth of 15% to $9.1 million. Cash dividend payment of $9.0 million  by the Company on May 29, 2026, to shareholders of record as of May 15, 2026 Second Quarter Results Second-quarter revenue was $16.8 million, compared with $38.9 million in the second quarter of 2025. Commission revenue increased by $0.7 million, or 13%, to $6.6 million, and other revenue increased by $0.2 million, or 70%, to $0.5 million. These gains were more than offset by lower underwriting revenue due to fewer deal closings of $12.0 million, lower carried interest of $8.9 million and a near-breakeven principal transactions result compared with a $2.1 million gain in the prior year's quarter. The Company's annual recurring revenue (ARR) increased to $1.7 million from $0.5 million at the end of Q2, 2025, reflecting an increase of 283%. Operating costs and expenses decreased by $35.8 million, or 67%, to $17.9 million. Compensation and benefits decreased by $37.5 million, reflecting lower commission expense and a $25.7 million reduction in stock-based compensation. As a result, the operating loss narrowed by $13.7 million, or 92%, to $1.1 million from $14.9 million in the prior-year period. Net loss attributable to common stockholders was $5.4 million, or a loss of $0.24 per share, compared with net income attributable to common stockholders of $16.6 million, or earnings of $1.12 per share, in the second quarter of 2025. The year-over-year comparison was primarily driven by the Company's $31.7 million valuation increase related to the investment in American Bitcoin Corp. ("ABTC"), compared with a $1.4 million decrease in valuation on its long-term investments in the current quarter, as well as a $2.4 million current-quarter income tax provision and a $0.4 million deemed dividend related to warrant inducements. First-Half Growth and Operating Progress For the six months ending June 30, 2026, total revenue increased by $6.3 million, or 14%, to $52.6 million compared to the six months ending June 30, 2025. Underwriting revenue increased by $15.1 million, or 59%, to $40.9 million, reflecting increased private-placement and registered-offering activity and deal flow. Commission revenue increased by $1.2 million, or 15%, to $9.1 million. First-half operating costs and expenses declined by $2.7 million, or 3%, to $91.4 million, and the operating loss narrowed by $9.0 million, or 19%, to $38.8 million from $47.7 million in the comparable period in 2025. Consolidated net loss attributable to common stockholders was $62.8 million, as compared to a $15.9 million loss in 2025 reflecting the impact of the ABTC investment as well as a $15.2 million income tax provision in 2026. Balance Sheet At June 30, 2026, Dominari had $25.0 million of cash and cash equivalents, $2.4 million of marketable securities, $4.5 million of securities owned, $6.0 million receivable from clearing brokers and $10.3 million of long-term equity investments. Working capital was approximately $15.8 million, and total stockholders' equity was $21.9 million. Dominari Securities maintained approximately $18.2 million of net capital against a $0.6 million minimum requirement.   DOMINARI HOLDINGS INC. Condensed Consolidated Balance Sheets ($ in thousands except share and per share amounts)   June 30, December 31, 2026 2025 (Unaudited) ASSETS Cash and cash equivalents $ 25,044 $ 34,005 Marketable securities 2,394 46,516 Securities owned 4,500 9,756 Receivable from clearing brokers 5,997 3,995 Long-term equity investments 10,287 11,744 Accounts receivable 591 - Loans to employees 1,484 1,767 Right-of-use assets 2,437 2,721 Prepaid expenses and other assets 4,678 2,403 Total assets $ 57,412 $ 112,907 LIABILITIES AND STOCKHOLDERS' EQUITY Accounts payable and accrued expenses $ 1,095 $ 611 Accrued compensation and commissions 8,198 17,754 Accrued dividends payable 296 10,335 Contract liabilities 7,760 4,504 Lease liability 2,594 2,841 Income taxes payable 15,579 7,318 Other liabilities - 173 Total liabilities 35,522 43,536 Stockholders' equity Preferred stock, $.0001 par value, 50,000,000 authorized Convertible Preferred Series D: 5,000,000 shares designated; 3,825 shares issued and outstanding as of June 30, 2026, and December 31, 2025; liquidation value of $0.0001 per share - - Convertible Preferred Series D-1: 5,000,000 shares designated; 834 shares issued and outstanding as of June 30, 2026, and December 31, 2025; liquidation value of $0.0001 per share - - Common stock, $0.0001 par value, 100,000,000 shares authorized; 24,243,646 and 16,067,435 shares issued as of June 30, 2026, and December 31, 2025, respectively; 24,243,646 and 16,067,435 shares outstanding as of June 30, 2026, and December 31, 2025, respectively 2 - Additional paid-in capital 361,734 337,505 Accumulated deficit (339,896) (268,134) Total Dominari Holdings stockholders' equity 21,840 69,371 Non-controlling interests 50 - Total stockholders' equity 21,890 69,371 Total liabilities and stockholders' equity $ 57,412 $ 112,907   DOMINARI HOLDINGS INC. Condensed Consolidated Statements of Operations ($ in thousands except share and per share amounts) (Unaudited)   Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 Revenues Underwriting services $ 7,902 $ 19,858 $ 40,851 $ 25,770 Carried interest 1,551 10,500 2,647 10,500 Commissions 6,567 5,834 9,057 7,848 Interest income 278 334 586 372 Principal transactions (36) 2,078 (1,568) 1,168 Other revenue 527 310 1,021 625 Total revenue 16,789 38,914 52,594 46,283 Operating costs and expenses Compensation and benefits 14,238 51,718 82,397 67,175 Advisory fees 50 17 111 20,961 Legal fees 51 679 1,536 1,513 Professional and consulting fees 657 398 1,508 1,227 Other expenses 2,935 958 5,806 3,146 Total operating expenses 17,931 53,770 91,358 94,022 Loss from operations (1,142) (14,856) (38,764) (47,739) Other income (expenses) Other income 63 - 171 - Interest income 49 30 110 51 Gain (loss) on marketable securities, net (67) 806 (7,081) 639 Realized and unrealized gain loss on notes receivable, net - - - 221 Change in carrying value of investments (1,400) 31,680 (1,400) 32,000 Total other income (expenses) (1,355) 32,516 (8,200) 32,911 Net (loss) income before income tax expense (2,497) 17,660 (46,964) (14,828) Provision for income taxes 2,354 - 15,223 - Net (loss) income before non-controlling interest and deemed dividend (4,851) 17,660 (62,187) (14,828) Net income attributable to non-controlling interests (128) (1,050) (150) (1,050) Net (loss) income before deemed dividend (4,979) 16,610 (62,337) (15,878) Common stock deemed dividend - inducement (425) - (425) - Net (loss) income attributable to common stockholders of Dominari Holdings Inc. $ (5,404) $ 16,610 $ (62,762) $ (15,878) Net (loss) income per share, basic and diluted Basic and Diluted $ (0.24) $ 1.12 $ (3.07) $ (1.24) Weighted average number of shares outstanding, basic and diluted Basic and Diluted 22,754,753 14,830,534 20,424,457 12,814,079   DOMINARI HOLDINGS INC. Condensed Consolidated Statements of Cash Flows ($ in thousands) (Unaudited)   Six Months Ended June 30, 2026 2025 Cash flows from operating activities Net loss before non-controlling interest and deemed dividend $ (62,187) $ (14,828) Adjustments to reconcile net loss to net cash (used in) provided by operating activities: Change in carrying value of long-term investment - (32,000) Non-cash underwriting revenues (10,080) (2,994) Non-cash commission expense 7,610 - Stock-based compensation – employees 19,745 54,797 Stock-based compensation – advisors 61 - Realized loss (gain) on marketable securities 6,872 (1,049) Amortization of right-of-use assets 284 211 Depreciation 35 52 Realized gain on note receivable - (221) Realized (gain) loss on securities owned (3,420) 743 Unrealized loss (gain) on securities owned 3,271 (4,136) Unrealized loss on marketable securities 284 670 Change in carrying value of long term investments 1,400 - Unrealized gain on long term investments 159 - Changes in operating assets and liabilities: Prepaid expenses and other assets (2,312) (105) Receivable from clearing brokers (2,002) (13,707) Accounts receivable (591) - Accounts payable and accrued expenses 485 1,693 Accrued compensation and commissions (9,556) 10,948 Right of use asset and liability, net (247) (178) Contract liabilities 3,256 1,098 Income taxes payable 8,261 - Other liabilities (172) (92) Notes receivable, at fair value – net interest accrued - (20) Net cash (used in) provided by operating activities (38,844) 882 Cash flows from investing activities Purchase of marketable securities (9,440) (13,086) Sale of marketable securities 46,406 6,852 Purchase of securities owned (10,000) - Sale of securities owned 17,875 - Purchase of long term investments (102) Collection of principal on note receivable - 1,143 Sale of long-term investments - 538 Collection of loans to employees 283 285 Net cash provided by (used in) investing activities 45,022 (4,268) Cash flows from financing activities Cash paid for dividends (19,039) (7,080) Distributions to non-controlling interest (100) - Cash from issuance common stock, net of offering cost 4,000 13,517 Cash from issuance common stock for exercised warrants - 2,339 Net cash (used in) provided by financing activities (15,139) 8,776 Net increase in cash and cash equivalents (8,961) 5,390 Cash and cash equivalents, beginning of period 34,005 4,079 Cash and cash equivalents, end of period $ 25,044 $ 9,469 Cash paid for interest $ 11 $ 13 Cash paid for taxes $ 6,950 $ - Deemed dividend $ 425 $ - The press release contains non-GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission. To supplement its consolidated condensed financial statements presented in accordance with U.S. generally accepted accounting principles (GAAP), the Company provides the additional non-GAAP financial measures of operating income, net income and earnings per share. The Company believes that these non-GAAP financial measures are appropriate to enhance understanding of its past performance as well as prospects for future performance. A reconciliation of the differences between these non-GAAP financial measures with the most directly comparable financial measure calculated in accordance with GAAP is shown in the table below. ($ in thousands except per share amounts) Three Months Ended Three Months Ended June 30, 2026 June 30, 2025 Loss from operations $ (1,142) $ (14,856) Non-cash stock-based compensation 527 26,173 Adjusted (loss) income from operations $ (615) $ 11,317 Net income (loss) attributable to common stockholders' of Dominari Holdings $ (5,404) $ 16,610 Non-cash stock-based compensation 527 26,173 Adjusted net (loss) income before income tax expense $ (4,877) $ 42,783 Adjustment to the provision for income taxes - - Adjusted net (loss) income to common stockholders' of Dominari Holdings (4,877) 42,783 Adjusted net (loss) income per share, basic $ (0.21) $ 2.88 Weighted average number of shares outstanding, basic 22,754,753 14,830,534   Six Months Ended Six Months Ended June 30, 2026 June 30, 2025 Loss from operations $ (38,764) $ (47,739) Non-cash stock-based compensation 19,806 54,799 Adjusted (loss) income from operations $ (18,958) $ 7,060 Net loss attributable to common stockholders' of Dominari Holdings $ (62,762) $ (15,878) Non-cash stock-based compensation 19,805 54,799 Adjusted net (loss) income before income tax expense $ (42,957) $ 38,921 Adjustment to the provision for income taxes 228 4,482 Adjusted net (loss) income to common stockholders' of Dominari Holdings (43,185) 34,439 Adjusted net (loss) income per share, basic $ (2.11) $ 2.69 Weighted average number of shares outstanding, basic 20,424,457 12,814,079 For additional information about Dominari Holdings Inc., please visit:  https://www.dominariholdings.com/ About Dominari Holdings Inc. The Company is a holding company that, through its various subsidiaries, is currently engaged in wealth management, investment banking, sales and trading and asset management. In addition to capital investment, Dominari provides management support to the executive teams of its subsidiaries, helping them to operate efficiently and reduce cost under a streamlined infrastructure. In addition to organic growth, the Company seeks opportunities outside of its current business to enhance shareholder value, including in the AI and Data Center sectors. Dominari Securities LLC's Mission Statement: Dominari Securities LLC, a principal subsidiary of Dominari Holdings Inc., is a dynamic, forward-thinking financial services company that seeks to create wealth for all stakeholders by capitalizing on emerging trends in the financial services sector and identifying early-stage future opportunities that are expected to generate a high rate of return for investors. Securities Brokerage and Registered Investment Adviser Services are offered through Dominari Securities LLC, a Member of FINRA, MSRB and SIPC. Securities brokerage, investment adviser and other non-bank deposit investments are not FDIC insured and may lose some or all of the principal invested. You can check the background of Dominari Securities LLC and its registered investment professionals and review its SEC Form CRS on FINRA's BrokerCheck site at  https://brokercheck.finra.org.  Information for Dominari Securities LLC and its registered investment professionals as well as its SEC Form CRS may also be found on FINRA's BrokerCheck site. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the SEC, which include but are not limited to the Risk Factors set forth in the Company's Annual Report on Form 10-K for the fiscal year ended   December 31, 2025,   relating to its business. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law. Contacts: Dominari Holdings Inc. https://www.dominariholdings.com/ [email protected]   View original content to download multimedia: https://www.prnewswire.com/news-releases/dominari-year-to-date-revenue-increases-by-14-over-2025-302847720.html SOURCE Dominari Holdings, Inc.

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