Dominari Year to Date Revenue Increases by 14% Over 2025

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, 2026Second Quarter ResultsSecond-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 ProgressFor 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 SheetAt 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 issuedand 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 issuedand 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 and16,067,435 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 Read More

Dominari Year to Date Revenue Increases by 14% Over 2025

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