The sharp revenue decline and swing to a net loss in Q2 are significant negatives, but the narrowing operating loss and growth in ARR and first-half underwriting revenue provide some offset. Traders should watch for the sustainability of the underwriting pipeline and whether the company can achieve its goal of positive operating profits in the second half of the year.
Price Chart
Executive Summary
Dominari Holdings reported Q2 2026 revenue of $16.8M, down 57% YoY from $38.9M, driven by a sharp decline in underwriting revenue and carried interest. The operating loss narrowed to $1.1M from $14.9M, but net income swung to a $5.4M loss from a $16.6M gain, impacted by a $1.4M investment valuation decrease vs a $31.7M gain in the prior year. The first-half revenue grew 14% to $52.6M, but the company remains unprofitable on a GAAP basis with a $62.8M net loss attributable to common stockholders.
Key Financial Metrics
Key Facts
- Q2 2026 revenue fell 57% YoY to $16.8M from $38.9M.
- Operating loss narrowed 92% to $1.1M from $14.9M.
- Net loss attributable to common stockholders was $5.4M ($0.24/share) vs net income of $16.6M ($1.12/share) in Q2 2025.
- First-half total revenue increased 14% to $52.6M, driven by underwriting revenue growth of 59%.
- Cash and cash equivalents stood at $25.0M at June 30, 2026, down from $34.0M at year-end 2025.
- The company paid a $0.31 per share dividend in Q2 2026.
- Annual recurring revenue (ARR) increased to $1.7M from $0.5M at end of Q2 2025, a 283% increase.
Financial Impact
Q2 revenue decline of $22.1M (57% YoY); net loss swing of $22.0M vs prior-year profit; operating loss narrowed by $13.7M.
Risk Factors
- Continued volatility in underwriting and carried interest revenue streams.
- Large net loss and accumulated deficit of $339.9M raise going-concern risk.
- Dependence on investment valuations, which swung from a $31.7M gain to a $1.4M loss year-over-year.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302847720 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | Insider Cluster | $2.23 $2.53 | ▲ +13.45% | ▲ +13.35% | $2.24 (+0.45%) |
Aug 14, 2026 7w ago | 8-K | $2.71 $2.58 | ▼ −4.80% | ▼ −3.43% | $2.24 (−17.34%) |
Aug 11, 2026 7w ago | Press Release | $3.14 $2.56 | ▲ +18.47% | ▲ +18.07% | $2.24 (+28.66%) |
Jun 26, 2026 14w ago | 8-K | $3.13 $2.93 | ▲ +6.39% | ▲ +7.78% | $2.24 (+28.43%) |
May 27, 2026 18w ago | 8-K | $3.45 $3.26 | ▼ −5.51% | ▼ −5.82% | $2.24 (−35.07%) |
Mar 31, 2026 26w ago | 8-K | $2.99 $2.65 | ▼ −11.38% | ▼ −15.33% | $2.24 (−25.02%) |
US Market Status
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