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DOMH

Dominari Holdings Inc.

DOMH

Dominari Holdings Inc. • NASDAQ
$4.70 ▲ 0.54% (+0.03)
Market Cap $75.08 M
52w High $13.58
52w Low $0.83
Dividend Yield 0.54%
P/E 0.58
Volume 84.11K
Outstanding Shares 15.99M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $50.821M ▲ $52.42M ▼ $125.21M ▲ 246.375% ▲ $8.11 ▲ $126.205M ▲
Q2-2025 $34.095M ▲ $53.521M ▲ $16.61M ▲ 48.717% ▲ $1.12 ▲ $-19.241M ▲
Q1-2025 $8.112M ▲ $40.122M ▲ $-32.488M ▼ -400.493% ▼ $-301.507K ▼ $-31.932M ▼
Q4-2024 $6.562M ▲ $9.352M ▲ $1.069M ▲ 16.291% ▲ $0.15 ▲ $-2.66M ▲
Q3-2024 $4.043M $7.239M $-4.211M -104.155% $-0.67 $-3.071M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $176.211M ▲ $223.446M ▲ $13.149M ▼ $210.16M ▲
Q2-2025 $28.241M ▲ $109.338M ▲ $20.738M ▲ $87.55M ▲
Q1-2025 $18.87M ▲ $52.335M ▲ $9.907M ▲ $42.428M ▲
Q4-2024 $9.852M ▲ $47.125M ▲ $7.272M ▲ $39.853M ▲
Q3-2024 $7.174M $43.431M $5.164M $38.267M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $126.081M ▲ $-4.913M ▼ $5.213M ▲ $-4.396M ▼ $-4.096M ▼ $-4.913M ▼
Q2-2025 $17.66M ▲ $-353K ▼ $1.168M ▲ $2.339M ▼ $3.154M ▲ $-353K ▼
Q1-2025 $-32.488M ▼ $1.235M ▲ $-5.436M ▼ $6.437M ▲ $2.236M ▲ $1.235M ▲
Q4-2024 $1.069M ▲ $-3.216M ▲ $3.892M ▲ $0 $676K ▲ $-3.216M ▲
Q3-2024 $-4.211M $-4.717M $2.318M $0 $-2.399M $-4.717M

Five-Year Company Overview

Income Statement

Income Statement Dominari is still in a very early revenue stage, with only a tiny amount of sales recently appearing after years of essentially no operating revenue. The company continues to run at an operating loss, and net losses have been consistent over several years, even if the dollar amounts are modest. That means the underlying business model is not yet proven as a sustainable source of profits, and results are still more reflective of a development and build‑out phase than a mature financial services firm.

Balance Sheet

Balance Sheet The balance sheet is very small and relatively simple, with a modest asset base and equity making up almost all of the capital structure. There is effectively no financial debt reported, which reduces traditional balance‑sheet risk but also signals that growth has not yet been scaled with borrowed funds. Cash levels have moved from reasonably comfortable to very thin more recently, which tightens financial flexibility and increases the importance of either raising new capital or improving cash generation. Overall, the company looks lightly capitalized and financially lean, which can be both an advantage for agility and a vulnerability if conditions turn against it.

Cash Flow

Cash Flow Dominari has been using cash in its day‑to‑day operations for several years, rather than generating it, reflecting the cost of building out its new strategy. Capital spending has been minimal, so most cash use comes from operating expenses rather than large investments in physical assets. Free cash flow has been slightly negative each year, indicating a steady, ongoing cash burn that must be supported by existing cash balances or external funding. For now, the business is not self‑funding, and progress toward cash break‑even will be a key marker of financial maturation.

Competitive Edge

Competitive Edge The company is trying to carve out a niche at the intersection of capital markets, digital assets, and high‑growth technology deals, rather than competing head‑to‑head with large diversified banks or pure‑play miners. Its strengths include high‑profile relationships, a focus on raising capital for emerging and mid‑sized tech companies, and a differentiated offering of access to private “unicorn” deals through special vehicles. The partnership with an established bitcoin infrastructure player provides operational know‑how it might not have on its own, and the “American innovation” branding may resonate with a specific investor base. On the other hand, Dominari is very small relative to major capital markets and crypto firms, operates in highly competitive and cyclical markets, and is exposed to both regulatory scrutiny and swings in sentiment around digital assets and politically prominent partners.

Innovation and R&D

Innovation and R&D Dominari’s main “innovation” is strategic rather than laboratory‑style research: it has reinvented itself from biotech into a financial and technology holding company. It is experimenting with several forward‑looking themes—industrial‑scale bitcoin mining, AI‑related investments, access to private tech deals, and potential moves into areas like advanced energy and quantum computing. The use of proprietary investment vehicles and a bitcoin‑oriented treasury approach are unconventional for a small financial holding company and could differentiate its product set. At the same time, these initiatives are early, complex, and dependent on partners, so execution risk is high and there is little historical evidence yet that these bets can consistently translate into stable earnings.

Summary

Dominari is in the midst of a major strategic pivot, moving from a legacy biotech identity to a small but ambitious financial and technology platform. Financially, it remains loss‑making, cash‑consuming, and thinly capitalized, with only modest assets and very limited cash on hand, although it carries essentially no traditional debt. Strategically, it is leaning into high‑volatility themes—bitcoin mining, digital assets, AI, and private tech deals—supported by notable partnerships and a strong focus on capital raising. This combination creates the potential for rapid change, but also considerable uncertainty, since the business model, profitability, and cash generation powers are still unproven and highly sensitive to market cycles, regulation, and the success of a small number of key ventures.

NEWS

November 11, 2025 · 8:00 AM UTC

Dominari 2025 Revenue Surges 703% in First Nine Months, Balance Sheet Strengthens Significantly

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October 27, 2025 · 8:15 AM UTC

SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of Dominari Holdings Inc. (NASDAQ: DOMH)

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October 16, 2025 · 8:30 AM UTC

Dominari Securities Raises Over $1.4 Billion Year-to-Date in Support of American Innovation and Entrepreneurship

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October 9, 2025 · 8:00 AM UTC

Dominari Securities Receives Approval as a Limited Underwriting Member of the New York Stock Exchange

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September 23, 2025 · 8:00 AM UTC

Dominari Holdings Announces Board Member Tim Ledwick to Assume Role of Interim Chief Financial Officer

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