Dominari (US:DOMH)2025-11-10 13:03Revenue 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]