Dominari Q1 Revenue Increases by 395% Over Q1 2025

B

Underwriting revenues increased over five-foldĀ 

NEW YORK, May 13, 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: Ā “In Ā the first quarter of 2026, Ā we experienced continued revenue growth mainly from underwriting services, increased our annual recurring revenue from our management fees that we earn on deals that we bring to marketĀ  from essentially nil 18 months ago to over $1 million, and currently retain carried interest positions in some exciting emerging companies that we believe will yield positive returns over theĀ  course of the next 24 months.”Ā  While the net income reflects one-time, non-recurring expenses for Q1 2026, we believe that the margins we expect from our core business for the balance of the year, will result in improved operating income and bottom-line performance.”Ā  The Company concluded, “the leadership team on our broker dealer subsidiary, led by Kyle Wool, continues to deliver world class investment banking services to our ever-growing list of clients, and we believe that will yield continued improved performance for the future.”

First Quarter 2026 Highlights

  • Revenue of $35.8 million, up 395% from the prior year’s first quarter’s revenue of $7.2 million.
    • Underwriting revenues totaled $32.9 million in Q1 2026 as compared to $5.6 million for Q1 2025, representing a 488% increase.
    • Carried interest totaled $1.1 million as compared to no such revenue in Q1 2025.
    • The Company’s annual recurring revenue (ARR) increased to $1.1 million from $0.4 million at the end of Q1 2025, reflecting an increase of 189%.
  • Loss from operations of $37.6 million, an increase of $4.7 million compared to a loss of $32.9 million in the comparable period in 2025, reflecting increased one-time variable expenses in the quarter.
  • Other expense of $6.8 million as compared to other income of $0.4 million in Q1 2025. This book loss was primarily driven by the sale of the Company’s strategic investment in American Bitcoin Corp. shares in January 2026 for $32.4 million in cash that were valued on the books at $39.4 million based upon the trading value of such shares at year end 2025. Note that the Company’s investment totaled just $100.
  • Net loss to common stockholders of $57.4 million, an increase of $24.9 million compared to a net loss of $32.5 million in 2024. This increased net loss to common stockholders reflects the above noted one-time expenses in the quarter along with $12.9 million of tax expense recognized in Q1 2026 against no tax provision for the comparable quarter in 2025.
    • Excluding the $19.3 million non-cash stock-based compensation, the non-GAAP adjusted net loss to common stockholders was $38.1 million in the quarter.
  • In May 2026, the Company declared a $9.0 million dividend to be paid on or about May 29, 2026, to shareholders of record on May 15, 2026, continuing the Company’s continued commitment to reward its shareholder base.
  • As of March 31, 2026, the Company’s liquid assets (defined as: “cash, marketable securities, securities owned and receivable from clearing brokers”) totaled $67.4 million at the end of Q1 2026, working capital totaled $21.9 million, total assets were $85.3 million and total stockholders’ equity was $31.6 million.

Ā 

DOMINARI HOLDINGS INC.

Condensed Consolidated Balance Sheets

($ in thousands except share and per share amounts)

March 31,

December 31,

2026

2025

(Unaudited)

ASSETS

Cash and cash equivalents

$

27,477

$

34,005

Marketable securities

6,901

46,516

Securities owned

11,118

9,756

Receivable from clearing brokers

21,883

3,995

Long-term equity investments

11,846

11,744

Loans to employees

1,669

1,767

Right-of-use assets

2,586

2,721

Prepaid expenses and other assets

1,840

2,403

Total assets

$

85,320

$

112,907

LIABILITIES AND STOCKHOLDERS’ EQUITY

Accounts payable and accrued expenses

$

777

$

611

Accrued compensation and commissions

25,005

17,754

Accrued dividends payable

364

10,335

Contract liabilities

4,679

4,504

Lease liability

2,744

2,841

Income taxes payable

20,174

7,318

Other liabilities

–

173

Total liabilities

53,743

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 issuedĀ 

Ā  and outstanding as of March 31, 2026 and December 31, 2025; liquidation value of

Ā  $0.0001 per share

–

–

Convertible Preferred Series D-1: 5,000,000 shares designated; 834 shares issued andĀ 

Ā  Ā outstanding as of March 31, 2026 and December 31, 2025; liquidation value of

Ā  Ā $0.0001 per share

–

–

Common stock, $0.0001 par value, 100,000,000 shares authorized; 22,613,781 andĀ 

Ā  Ā 16,067,435 shares issued as of March 31, 2026, and December 31, 2025,

Ā  Ā respectively; 22,613,781 and 16,067,435 shares outstanding as of March 31, 2026

Ā  Ā and December 31, 2025, respectively

2

–

Additional paid-in capital

357,099

337,505

Accumulated deficit

(325,492)

(268,134)

Total Dominari stockholders’ equity

31,609

69,371

Non-controlling interests

(32)

–

Total stockholders’ equity

31,577

69,371

Total liabilities and stockholders’ equity

$

85,320

$

112,907

Ā 

DOMINARI HOLDINGS INC.

Condensed Consolidated Statements of Operations

($ in thousands except share and per share amounts)

(Unaudited)

Three Months Ended

March 31,

2026

2025

Revenues

Underwriting services

$

32,949

$

5,606

Carried interest

1,096

–

Commissions

2,490

2,190

Interest income

308

39

Principal transactions

(1,532)

(910)

Other revenue

494

315

Total revenue

35,805

7,240

Operating costs and expenses

Compensation and benefits

68,159

15,457

Advisory fees

36

20,944

Legal fees

1,485

704

Professional and consulting fees

876

829

Other expenses

2,871

2,188

Total operating expenses

73,427

40,122

Loss from operations

(37,622)

(32,882)

Other income (expenses)

Other income

108

–

Interest income

61

21

Gain (loss) on marketable securities, net

(7,014)

(168)

Realized and unrealized gain loss on notes receivable, net

–

221

Change in carrying value of investments

–

320

Total other income (expenses)

(6,845)

394

Net loss before income tax expense

$

(44,467)

$

(32,488)

Provision for income taxes

12,868

–

Net loss

(57,335)

(32,488)

Less: Net income attributable to non-controlling interests

23

–

Net loss attributable to common stockholders of Dominari Holdings Inc.

$

(57,358)

$

(32,488)

Net loss per share, basic and diluted

Basic and Diluted

$

(3.17)

$

(3.02)

Weighted average number of shares outstanding, basic and diluted

Basic and Diluted
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