PR Newswire·Mar 31, 2026, 9:07 AM ET

Dominari 2025 Revenue Surges 487% in 2025, Balance Sheet Strengthens Significantly

DOMH

Dominari Holdings Inc. reported 2025 total revenue of $123.1 million, a 487% increase from $21.0 million in 2024.
Underwriting revenues reached $79.0 million in 2025, a 596% year-over-year increase from $11.4 million in 2024.
The company recorded $22.7 million in carried interest in 2025, representing 18% of total revenue, compared to zero in 2024.
Loss from operations was $55.7 million in 2025, up from $8.7 million in 2024, primarily driven by $55.0 million in non-cash stock-based compensation.
Other income totaled $42.6 million in 2025, largely due to a $42.3 million gain on the market value of strategic investments in American Bitcoin Corp. before shares were sold in January 2026 for $32.4 million.
Net loss attributable to common stockholders was $22.4 million in 2025, an increase from $14.7 million in 2024.
Non-GAAP adjusted net income attributable to common stockholders was $32.6 million in 2025, a significant improvement from a $13.1 million net loss in 2024.
The company declared $22.2 million in dividends for the year, including a $10.0 million dividend announced in December 2025, marking its first dividend payment in history.
Liquid assets increased 248% to $94.3 million at year-end 2025, while total assets grew 140% to $112.9 million.
Total stockholders' equity rose 74% to $69.4 million as of December 31, 2025, up from $39.9 million in 2024.
The company issued 16,067,435 common shares by year-end 2025, up from 7,037,022 shares in 2024, with 14,285,097 weighted average shares outstanding.
Net cash provided by operating activities was $22.7 million in 2025, contrasting with $16.7 million used in 2024.