Dominari Holdings Inc. (NASDAQ: DOMH) reported first-quarter revenue of $35.8 million, representing a 395% increase from $7.2 million in the prior year period, according to a shareholder letter issued by the company.

The New York-based financial services firm saw underwriting revenues rise 488% to $32.9 million compared to $5.6 million in the first quarter of 2025. The company also recorded $1.1 million in carried interest, compared to none in the previous year's quarter.

Annual recurring revenue increased 189% to $1.1 million from $0.4 million at the end of the first quarter of 2025, the company stated.

Dominari's board authorized a special cash dividend of approximately $9 million, or about $0.31 per share, payable on or around May 29, 2026. The record date for the dividend is May 15, 2026. This represents the second cash dividend paid this year, adding to approximately $22 million distributed to shareholders over the past 18 months.

The company operates special purpose vehicles with total capital invested across all series of approximately $292 million as of mid-April 2026. The estimated value of all series totals approximately $1.27 billion, with estimated carry to Dominari of approximately $110 million.

Dominari's wholly owned subsidiary, Dominari Labs, holds investments including positions in xAI, Groq, Cerebras, Skyline Builders Group, Datacentrex, and JFB Construction Holdings. The market value of holdings in Dominari Labs exceeded $5 million as of mid-April 2026.

The company operates two types of special purpose vehicles: Unicorn SPVs that focus on companies valued at $1 billion or more expected to go public, and Venture SPVs established for individual projects.