Dominari Holdings Inc. (NASDAQ: DOMH) reported first-quarter revenue of $35.8 million, representing a 395% increase from $7.2 million in the same period last year, according to the company's quarterly filing with the Securities and Exchange Commission.

The investment banking and wealth management company's revenue growth was primarily driven by underwriting services, which totaled $32.9 million in Q1 2026 compared to $5.6 million in Q1 2025, marking a 488% increase. The company also reported $1.1 million in carried interest revenue, compared to none in the prior year period.

Despite the revenue growth, Dominari posted a net loss attributable to common stockholders of $57.4 million, or $3.17 per share, compared to a net loss of $32.5 million, or $3.02 per share, in Q1 2025. The increased loss reflected one-time expenses and a $12.9 million tax provision in the current quarter versus no tax provision in the comparable period.

Operating expenses rose to $73.4 million from $40.1 million year-over-year, primarily due to compensation and benefits costs of $68.2 million, which included $19.3 million in non-cash stock-based compensation.

The company recorded $6.8 million in other expenses, largely from the sale of its American Bitcoin Corp. shares for $32.4 million in January 2026. These shares were valued at $39.4 million on the company's books at year-end 2025, resulting in a book loss despite the company's initial investment of only $100.

Dominari's annual recurring revenue increased to $1.1 million from $400,000 at the end of Q1 2025. The company declared a $9.0 million dividend payable on May 29, 2026, to shareholders of record on May 15, 2026.

As of March 31, 2026, the company reported liquid assets of $67.4 million, working capital of $21.9 million, and total stockholders' equity of $31.6 million.