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 30, 2025
December 31, 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)
