Q3 Revenue of $50.8 Million, up 49% from Q2, 2025
NEW YORK, Nov. 11, 2025 /PRNewswire/ -- Dominari Holdings Inc. (Nasdaq: DOMH) ("Dominari" or the "Company"), today announced highlights of its financial results for the quarter ended September 30, 2025, which were filed today with the Securities and Exchange Commission ("SEC") in the Company's quarterly SEC Form 10Q.
"We achieved remarkable year-to-date revenue growth in the third quarter of more than 700% year-over-year, reflecting strong underwriting activity, robust client engagement and disciplined operational execution, " said Anthony Hayes, Chief Executive Officer of Dominari. "The efforts of Dominari's President, Mr. Kyle Wool, continue to strengthen our balance sheet and reflect the financial discipline and foundation that underpin our business. Mr. Wool, and the efforts of many others at Dominari, have produced sequential quarterly and year-over-year growth. The results demonstrate sustained momentum across all segments, positioning the company for continued success and long-term value creation for our shareholders and clients."
Third Quarter 2025 Highlights (as of September 30, 2025)
-- Revenue of $50.8 million, up over 1,150% from the year ago quarter of
$4.0 million and 49% from the second quarter of 2025.
-- Loss from operations of $1.6 million, an improvement of $1.6 million
compared to a loss of $3.2 million in the year ago quarter.
-- Other income of $127.7 million, including a significant increase in the
market value of the Company's investment in American Bitcoin Corp., which
began trading on the Nasdaq exchange on September 3, 2025 under the
ticker symbol "ABTC."
-- Net income to common stockholders of $125.2 million, an improvement of
$129.4 million compared to a net loss of $4.2 million in the third
quarter of 2024.
-- Payment by the Company on September 26, 2025 of a cash dividend of $0.22
per share of common stock, for an aggregate of approximately $4.9 million,
to shareholders of record as of September 3, 2025.
-- Working capital of $198.8 million, total assets of $223.4 million and
total shareholders' equity of $210.3 million, compared to $24.4 million,
$47.1 million and $39.9 million, respectively, reflecting increases of
716%, 374%, and 428%, respectively, as of December 31, 2024.
Strategic and Operational Update
-- Raised more than $1.4 billion in capital markets activity year-to-date
from investors to support American companies across key sectors of
innovation including artificial intelligence, defense technology,
financial infrastructure and next-generation computing.
-- Dominari Securities LLC approved as a Limited Underwriting member of the
New York Stock Exchange and NYSE American Equities effective October 8,
2025.
DOMINARI HOLDINGS INC.
Condensed Consolidated Balance Sheets
($ in thousands except share and per share amounts)
September December
30, 31,
2025 2024
------------- ----------
(Unaudited)
ASSETS
Current assets
Cash and cash equivalents $ 5,373 $ 4,079
Marketable securities 170,838 5,773
Receivable from clearing brokers 28,860 17,279
Prepaid expenses and other assets 1,257 1,019
--------- ---------
Total current assets 206,328 28,150
Property and equipment, net 161 239
Notes receivable, at fair value -
non-current portion - 902
Long term equity investments 11,744 12,282
Loans to employees 1,868 2,150
Right-of-use assets 2,862 2,944
Security deposit 483 458
--------- ---------
Total assets $ 223,446 $ 47,125
========= =========
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable and accrued expenses $ 779 $ 919
Accrued commissions 4,788 2,057
Contract liabilities - current 795 240
Lease liability - current 530 410
Other current liabilities 599 157
--------- ---------
Total current liabilities 7,491 3,783
Lease liability, less current portion 2,464 2,629
Contract liabilities, less current
portion 3,194 860
--------- ---------
Total liabilities 13,149 7,272
========= =========
Stockholders' equity
Preferred stock, $0.0001 par value,
50,000,000 authorized
Convertible Preferred Series D:
5,000,000 shares designated; 3,825
shares issued and outstanding as of
September 30, 2025 and December 31,
2024; liquidation value of
$0.0001 per share - -
Convertible Preferred Series D-1:
5,000,000 shares designated; 834
shares issued and outstanding as of
September 30, 2025 and December 31,
2024; liquidation value of
$0.0001 per share - -
Common stock, $0.0001 par value,
100,000,000 shares authorized;
15,817,323 and 7,037,022 shares
issued as of September 30, 2025 and
December 31, 2024, respectively
15,817,323 and 6,976,874 shares
outstanding as of September 30, 2025
and December 31, 2024 - -
Additional paid-in capital 336,284 263,820
Treasury stock, as of cost, 0 shares as
of September 30, 2025 and 60,148 as of
December 31, 2024 - (501)
Accumulated deficit (126,124) (223,466)
--------- ---------
Total Dominari stockholders' equity 210,160 39,853
--------- ---------
Non-controlling interests 137 -
--------- ---------
Total stockholders' equity 210,297 39,853
--------- ---------
Total liabilities and stockholders'
equity $ 223,446 $ 47,125
========= =========
DOMINARI HOLDINGS INC.
Condensed Consolidated Statements of Operations
($ in thousands except share and per share amounts)
(Unaudited)
Three Months Ended Nine Months Ended
September 30, September 30,
----------------------- -----------------------
2025 2024 2025 2024
----------- ---------- ----------- ----------
Revenues $ 50,821 $ 4,043 $ 93,026 $ 11,584
---------- --------- ---------- ---------
Operating costs and
expenses
General and
administrative $ 52,420 $ 7,239 $ 146,061 $ 20,321
---------- --------- ---------- ---------
Total
operating
expenses 52,420 7,239 146,061 20,321
---------- --------- ---------- ---------
Loss from operations (1,599) (3,196) (53,035) (8,737)
---------- --------- ---------- ---------
Other income
(expenses)
Interest income 550 280 973 729
Gain (loss) on
marketable
securities, net 159,130 89 163,094 767
Realized and
unrealized gain
(loss) on note
receivable, net - (429) 221 (2,086)
Change in
carrying value of
investments (32,000) (955) - (6,445)
---------- --------- ---------- ---------
Total other
income
(expenses) 127,680 (1,015) 164,288 (7,035)
---------- --------- ---------- ---------
Net income (loss) $ 126,081 $ (4,211) $ 111,253 $ (15,772)
========== ========= ========== =========
Less: Net income
attributable to
non-controlling
interests 871 - 1,921 -
---------- --------- ---------- ---------
Net income (loss)
attributable to
common stockholders
of Dominari
Holdings Inc. $ 125,210 $ (4,211) $ 109,332 $ (15,772)
========== ========= ========== =========
Net income (loss)
per share, basic
and diluted
Basic $ 8.11 $ (0.67) $ 7.98 $ (2.57)
---------- --------- ---------- ---------
Diluted $ 7.27 - $ 7.86 -
---------- --------- ---------- ---------
Weighted average
number of shares
outstanding, basic
and diluted
Basic 15,442,342 6,328,261 13,700,375 6,129,504
Diluted 17,223,257 - 13,902,950 -
========== ========= ========== =========
DOMINARI HOLDINGS INC.
Condensed Consolidated Statements of Cash Flows
($ in thousands)
(Unaudited)
Nine Months Ended
September 30,
-----------------------
2025 2024
---------- ---------
Cash flows from operating activities
Net income/(loss) 111,253 $(15,772)
Adjustments to reconcile net income/
(loss) to net cash used in operating
activities:
Amortization of right-of-use assets 309 287
Depreciation 78 79
Unrealized (gain) loss on marketable
securities (163,685) 3,361
Change in carrying value of long-term
equity investments - 6,445
Non-cash underwriting revenue (17,909) -
Non-cash commissions expense 16,651 -
Stock-based compensation 54,811 1,116
Realized loss (gain) on marketable
securities 897 (3,762)
Realized and unrealized (gain) loss on note
receivable (221) 2,086
Changes in operating assets and
liabilities:
Prepaid expenses and other assets (238) 165
Receivable from clearing brokers (11,581) (6,494)
Security Deposits (25)
Accounts payable and accrued expenses (140) 257
Accrued salaries and benefits - (38)
Accrued commissions 2,731 295
Lease liabilities (272) (299)
Contract liabilities 2,889 -
Other current liabilities 442 314
Notes receivable, at fair value - net
interest accrued (21) 58
--------- --------
Net cash (used in) operating activities (4,031) (11,902)
--------- --------
Cash flows from investing activities
Purchase of marketable securities (16,960) (4,007)
Sale of marketable securities 15,941 14,767
Collection of principal on note receivable 1,144 750
Loans to employees - (2,390)
Collection of loans to employees 282 2
Purchase of long-term investments - (150)
Sale of long term investments 538 3,500
Net cash provided by investing activities 945 12,472
--------- --------
Cash flows from financing activities
Cash paid for dividends (11,990) -
Distribution to Non Controlling Interest (1,784) -
Cash received from issuance of common stock 13,517 -
Cash received from issuance of common stock
for warrants exercised 4,637 -
--------- --------
Net cash provided by financing activities 4,380 -
--------- --------
Net increase in cash and cash equivalents
and restricted cash 1,294 570
Cash and cash equivalents, beginning of
period 4,079 2,833
--------- --------
Cash and cash equivalents, end of period $ 5,373 $ 3,403
========= ========
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, 2024 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/
Investor Relations
Hayden IR
Brett Maas, Managing Partner
Phone: (646) 536-7331
Email: brett@haydenir.com
www.haydenir.com
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SOURCE Dominari Holdings Inc.
(END) Dow Jones Newswires
November 11, 2025 08:00 ET (13:00 GMT)
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