Dominari Holdings revenue surges 487% despite loss

The financial services firm reported strong underwriting and carried interest in 2025, though GAAP net loss hit $22.4M.

Mar. 31, 2026 at 1:20pm

Got story updates? Submit your updates here. ›

An extreme close-up of complex, metallic financial machinery and equipment, conveying a sense of institutional power and security in the banking industry.Dominari Holdings' impressive revenue growth in 2025 was driven by its core financial services capabilities, though the firm must continue to manage costs to improve profitability.NYC Today

Dominari Holdings Inc., a Delaware-based financial services firm, reported a 487% jump in revenue to $123.1 million for the year ended December 31, 2025, despite a GAAP net loss of $22.4 million. The company cited strong underwriting and carried interest as key drivers of the revenue growth, while adjusted net income reached $32.6 million.

Why it matters

Dominari Holdings' impressive revenue growth in 2025 demonstrates the firm's ability to generate substantial top-line results, even as it grappled with a net loss on a GAAP basis. The strong underwriting and carried interest performance suggest Dominari's core business activities are resonating with clients, though the net loss highlights the need to manage costs and profitability.

The details

Dominari Holdings, a financial services firm based in New York City, reported preliminary revenue of $123.1 million for the full year 2025, a 487% increase compared to the prior year. The company attributed the revenue surge to strong underwriting and carried interest. However, Dominari also reported a GAAP net loss of $22.4 million for 2025, though the firm's adjusted net income reached $32.6 million.

  • Dominari Holdings reported its 2025 financial results on March 31, 2026.

The players

Dominari Holdings Inc.

A Delaware-based financial services firm that provides investment management, advisory, and other financial services.

Anthony Hayes

The Chief Executive Officer of Dominari Holdings Inc.

Got photos? Submit your photos here. ›

What they’re saying

“We are pleased with our strong revenue growth in 2025, which demonstrates the strength of our underwriting and carried interest capabilities. While we reported a GAAP net loss, our adjusted net income reflects the underlying profitability of our business model.”

— Anthony Hayes, Chief Executive Officer

The takeaway

Dominari Holdings' ability to drive substantial revenue growth, even in the face of a GAAP net loss, highlights the firm's potential to scale its financial services offerings and improve profitability over time. However, the net loss also underscores the need for Dominari to closely manage costs and operational efficiency to deliver consistent bottom-line results.