Dominari (DOMH)
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Dominari 2025 Revenue Surges 703% in First Nine Months, Balance Sheet Strengthens Significantly
Prnewswire· 2025-11-11 13:00
Accessibility StatementSkip Navigation 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-yea ...
Dominari (DOMH) - 2025 Q3 - Quarterly Report
2025-11-10 13:03
Revenue and Income - For the three months ended September 30, 2025, the company recognized approximately $50.8 million in revenue from operations, a significant increase from $4.0 million in the same period in 2024[129] - The net income for the three months ended September 30, 2025, was approximately $126.1 million, compared to a net loss of approximately $4.2 million for the same period in 2024[129] - For the nine months ended September 30, 2025, the company reported revenue of approximately $93.0 million, up from $11.6 million in the same period in 2024[131] - The net income for the nine months ended September 30, 2025, was $111.2 million, compared to a net loss of approximately $15.8 million in 2024[131] Marketable Securities - The company recognized net gains of approximately $159.1 million on marketable securities during the quarter, primarily driven by an unrealized gain of $156.4 million from the investment in American Bitcoin Corp.[132] - The company recorded a net realized and unrealized gain on marketable securities of approximately $4.8 million for the nine months ended September 30, 2025[137] Cash Flow and Working Capital - Working capital amounted to approximately $198.8 million as of September 30, 2025, including $156.4 million related to American Bitcoin shares subject to a lock-up period until March 1, 2026[133] - The company incurred a net cash outflow from operating activities of $4.031 million for the nine months ended September 30, 2025, compared to a net cash outflow of $11.902 million in 2024[136] - Cash used in operating activities for the nine months ended September 30, 2025, was $4.0 million, a significant improvement from $11.9 million in the same period of 2024[137] - The company plans to finance its activities through cash flow from operations, which is expected to be sufficient to meet working capital and capital expenditure requirements for at least the next 12 months[133] Other Income and Expenses - The company recorded other income of approximately $127.7 million for the three months ended September 30, 2025, compared to an other expense of $1.0 million in the same period in 2024[130] - The company distributed approximately $1.8 million to holders of non-controlling interests during the three months ended September 30, 2025[139] Investments and Acquisitions - The company completed the acquisition of 100% of a dually registered broker-dealer and investment advisor, renamed Dominari Securities LLC, on March 27, 2023, as part of its growth strategy in the financial services industry[120] - Cash provided by investing activities for the nine months ended September 30, 2025, was approximately $0.9 million, a decrease from $12.5 million in 2024[138] - Sales of marketable securities contributed $15.9 million to cash provided by investing activities in 2025[138] Financing Activities - Cash provided by financing activities for the nine months ended September 30, 2025, was approximately $4.4 million, primarily from common stock issuance of $13.5 million[139] - The company paid dividends of $11.9 million during the nine months ended September 30, 2025[139] Receivables and Commissions - The company experienced an increase in receivables from clearing brokers of $11.6 million for the nine months ended September 30, 2025[137] - The company had an increase in accrued commissions of $2.7 million for the nine months ended September 30, 2025[137]
SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of Dominari Holdings Inc. (NASDAQ: DOMH)
Prnewswire· 2025-10-27 12:15
Accessibility StatementSkip Navigation NEW YORK, Oct. 27, 2025 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Dominari Holdings Inc. (NASDAQ: DOMH) on behalf of the company's shareholders. The investigation seeks to determine whether Dominari Holdings Inc.'s directors breached their fiduciary duties in connection with recent corporate actions. If you are a shareholder of Dominari Holdings Inc. and are interested in obtaining additional information about your rights and options, ...
Dominari Securities Raises Over $1.4 Billion Year-to-Date in Support of American Innovation and Entrepreneurship
Prnewswire· 2025-10-16 12:30
Core Insights - Dominari Securities LLC has raised over $1.4 billion in capital markets activity year-to-date to support American companies in key innovation sectors such as artificial intelligence, defense technology, financial infrastructure, and next-generation computing [1][2]. Group 1: Company Overview - Dominari Holdings Inc. operates through its subsidiaries in wealth management, investment banking, sales and trading, and asset management, aiming to enhance shareholder value through organic growth and opportunities in sectors like AI and Data Centers [5]. - The mission of Dominari Securities LLC is to create wealth for stakeholders by capitalizing on emerging trends in financial services and identifying early-stage opportunities expected to yield high returns [6]. Group 2: Investment Focus - The capital raised by Dominari includes direct investments, structured special purpose vehicles (SPVs), private placements in publicly traded equity (PIPE) transactions, and private placements [2]. - Investments are focused on sectors that reflect American ingenuity and entrepreneurship, including aerospace and defense, artificial intelligence, financial infrastructure, and logistics [4][7]. Group 3: Leadership Statements - Kyle Wool, President of Dominari Holdings, emphasized the importance of American innovation and the role of investors in supporting domestic technologies [2]. - Anthony Hayes, CEO of Dominari Holdings, expressed pride in backing innovators that contribute to the competitiveness and prosperity of the United States [4].
Dominari Securities Appoints Communications and Growth Strategist Brian Parsley to Board
Prnewswire· 2025-09-10 12:30
Core Insights - Dominari Holdings Inc. has appointed Brian Parsley to its Board of Directors to enhance marketing, investor engagement, and strategic communications aimed at driving growth [1] Company Developments - The appointment of Brian Parsley is expected to strengthen the firm's overall marketing strategy and improve investor relations [1] - The strategic communications efforts will be focused on supporting the company's growth initiatives [1]
Trump-backed Bitcoin mining stock jumps 9% after $170M stake
Yahoo Finance· 2025-09-09 23:54
Core Insights - American Bitcoin Corp. (ABTC) shares rose nearly 9% to close at $9.03 after Dominari Holdings disclosed a stake valued at nearly $170 million [1][2] - ABTC, a newly listed Bitcoin miner on Nasdaq, is backed by Donald Trump Jr. and Eric Trump, and began trading on September 3, 2025 [2][8] - The stock has experienced significant volatility since its debut, with a market cap just above $800 million, smaller than established miners like Marathon Digital and Riot Platforms [3] Company Overview - ABTC focuses on large-scale Bitcoin mining and is promoted by the Trump family, which may attract attention due to its political connections [2][9] - Dominari Holdings operates in wealth management, investment banking, trading, and asset management, and is exploring AI infrastructure and data centers [5] Market Reaction - Following its Nasdaq debut, ABTC shares spiked to $14.52 on the first trading day but closed down 45% at $8.01 [3] - Dominari CEO Anthony Hayes described ABTC's listing as a significant milestone and expressed continued support for its growth [3] Investment Considerations - The connection to the Trump family may draw investor interest, but the volatility of ABTC's stock highlights the risks associated with political branding and speculative crypto investments [6] - Investors should consider Bitcoin price fluctuations, mining economics, and U.S. energy policy when evaluating ABTC as an investment opportunity [6]
Dominari Holdings Files $2 Billion Shelf to Support Strategic Expansion
Prnewswire· 2025-08-28 12:15
Core Viewpoint - Dominari Holdings Inc. has filed a shelf registration statement with the SEC, allowing the company to offer and sell up to $2 billion worth of various securities, although there is no current intention to utilize this registration immediately [1]. Company Overview - Dominari Holdings Inc. operates as a holding company engaged in wealth management, investment banking, sales and trading, and asset management through its subsidiaries [3]. - The company aims to enhance shareholder value not only through organic growth but also by exploring opportunities in sectors such as AI and Data Centers [3]. Mission Statement - Dominari Securities LLC, a principal subsidiary of Dominari Holdings, focuses on creating wealth for stakeholders by capitalizing on emerging trends in the financial services sector and identifying early-stage opportunities expected to yield high returns [4].
Dominari Holdings Announces Record Date for Cash Dividend
Prnewswire· 2025-08-22 13:15
Group 1 - Dominari Holdings Inc. has authorized a special cash dividend of approximately $5 million, equating to $0.22 per share, expected to be payable around September 26, 2025 [1] - The record date for shareholders and certain warrant holders is set for the close of business on September 3, 2025 [1] Group 2 - Dominari Holdings Inc. operates as a holding company engaged in wealth management, investment banking, sales and trading, and asset management through its subsidiaries [2] - The company aims to enhance shareholder value not only through organic growth but also by exploring opportunities in sectors such as AI and Data Centers [2] Group 3 - Dominari Securities LLC, a principal subsidiary of Dominari Holdings, focuses on creating wealth for stakeholders by capitalizing on emerging trends in the financial services sector [3]
Dominari Holdings Featured in The Wall Street Journal
Prnewswire· 2025-08-19 12:00
Core Insights - Dominari Holdings Inc. has successfully transformed from a biotechnology company into a profitable financial services platform and investment bank, as highlighted in recent coverage by The Wall Street Journal [1][2] - The company leverages high-level relationships, including connections with the Trump family, to create unique investment opportunities in sectors such as cryptocurrency, SPACs, and technology IPOs [2] - Dominari Holdings operates through various subsidiaries engaged in wealth management, investment banking, sales and trading, and asset management, aiming to enhance shareholder value through both organic growth and external opportunities [3] Company Overview - Dominari Holdings Inc. is a holding company that provides management support to its subsidiaries, focusing on operational efficiency and cost reduction [3] - The principal subsidiary, Dominari Securities LLC, aims to create wealth for stakeholders by capitalizing on emerging trends in the financial services sector and identifying high-return early-stage opportunities [4] Services Offered - Securities brokerage and registered investment adviser services are provided through Dominari Securities LLC, which is a member of FINRA, MSRB, and SIPC [5]
Dominari Marks Inflection Point with Second Quarter 2025 Financial Results
Prnewswire· 2025-08-12 13:15
Core Insights - Dominari Holdings Inc. reported a significant financial turnaround in Q2 2025, achieving a revenue of $34.1 million, which represents a 520% increase year-over-year [2][8] - The company has transitioned to positive operating income of $3.4 million, compared to a loss of $826,000 in the same quarter last year [8] - Dominari closed 46 transactions in Q2 2025, raising a total of over $288.9 million across both private and public transactions [7][8] Financial Performance - Revenue for the quarter reached $34.1 million, marking a 520% increase from the previous year [2][8] - The company generated $20 million in revenue for June 2025 alone, indicating strong monthly performance [5] - Operating income improved significantly to $3.4 million from a prior loss, showcasing effective cost management and operational efficiency [8] Transaction Highlights - On June 16, 2025, Dominari Securities acted as the sole placement agent for SRM Entertainment's rebranding to Tron Inc., closing a $100 million equity investment with potential to reach $210 million [3] - The company played a crucial role in American Bitcoin's $225 million capital raise, contributing $92.5 million, resulting in a post-money valuation of approximately $1.25 billion [4] - Dominari's involvement in these high-profile transactions underscores its capability in executing strategic financings in the digital asset sector [3][4] Strategic Outlook - The company aims to enhance shareholder value through organic growth and opportunities in sectors like AI and Data Centers [6] - Dominari's leadership emphasizes a disciplined execution strategy and a healthy pipeline of future transactions [2][5] - The strong performance and strategic initiatives are expected to sustain and strengthen the company's financial results over time [2][5]