Dominari Holdings Inc.

DOMH · Security Brokers, Dealers & Flotation Companies · 22.6M shares · +8%/yr ↑ shares · EDGAR filings ↗

Net buyback after stock comp: $1M (gross $3M, SBC $2M)

Reference price $3.87 · est. market cap ~$88M — last insider purchase, 2025-12-08 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

D41

Dominari Holdings — small broker/holding company with deep operating losses.

Strengths

Holds a cash position to fund operations
Some positive operating cash flow

Risks

Operating margin -45% and ROA -20% (5th pct)
Unproven, shifting business model
Dilution / capital-need risk

Notable findings

Auditor changeRecent 8-K item 4.01 8-K ↗
Exec changeRecent 8-K item 5.02 8-K ↗
Net lossNet loss (net margin -18.2%)
Chronic dilutionShare count +8%/yr over 3y (dilution)

Quarterly revenue

2024-12-31 · $9M2025-03-31 · $7M2025-12-31 · $30M2026-03-31 · $36M

Last 4 quarters · from SEC filings.

Key metrics

Operating margin

-45.3%

Net margin

-18.2%

Return on assets

-19.9%

Revenue growth (QoQ)

19.0%

Cash & investments

$92M

Stock comp / revenue

27.6%

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-03-04	Wool Kyle Michael	Grant	3.0M	—
2026-03-04	Hayes Anthony	Grant	3.0M	—
2026-01-09	Haug Kyle	Grant	25K	—
2026-01-09	Blattner Gregory James	Grant	25K	—
2026-01-09	Parsley Brian Keith	Grant	25K	—
2026-01-09	LEDWICK TIM S	Grant	316K	—
2025-12-11	Devall Christopher Franklin	Grant	10K	—
2025-12-08	Wool Kyle Michael	Buy	25K	$3.87
2025-12-08	Hayes Anthony	Buy	23K	$3.87
2025-12-08	Devall Christopher Franklin	Sell	45K	$3.85
2025-12-08	Wool Kyle Michael	Buy	25K	$3.87
2025-12-08	Hayes Anthony	Buy	23K	$3.87
2025-12-05	Devall Christopher Franklin	Sell	140K	$3.82
2025-12-04	Devall Christopher Franklin	Sell	40K	$4.21
2025-12-03	Devall Christopher Franklin	Sell	40K	$4.22
2025-09-23	Blattner Gregory James	Sell	14K	—
2025-05-05	Hayes Anthony	Gift	15K	—
2025-03-24	Hayes Anthony	Grant	155K	—
2025-02-18	Hayes Anthony	Grant	500K	—
2025-02-18	Lieberman Ronald J.	Grant	150K	—
2025-02-18	Lieberman Ronald Craig	Grant	150K	—
2025-02-12	Wool Kyle Michael	Grant	155K	—
2025-02-12	Wool Kyle Michael	Buy	288K	—
2025-02-10	Lieberman Ronald J.	Grant	10K	—
2025-02-10	Haug Kyle	Buy	14K	—
2025-02-10	Haug Kyle	Grant	10K	—
2025-02-10	Blattner Gregory James	Buy	14K	—
2025-02-10	Blattner Gregory James	Grant	10K	—
2025-02-10	Devall Christopher Franklin	Buy	29K	—
2025-02-10	Devall Christopher Franklin	Grant	352K	—
2025-02-10	Hayes Anthony	Buy	288K	—
2025-02-10	Lieberman Ronald Craig	Grant	10K	—
2025-02-10	Lieberman Ronald Craig	Buy	22K	—
2025-02-10	Dudley Robert Frederick	Grant	10K	—
2025-02-10	LEDWICK TIM S	Buy	8.6K	—
2025-02-10	LEDWICK TIM S	Grant	10K	—
2025-02-10	Lieberman Ronald J.	Buy	22K	—
2024-12-31	Wool Kyle Michael	Grant	309K	—
2024-12-31	Hayes Anthony	Grant	309K	—

All non-derivative Form 4 activity (SEC), newest first.

Notable events (8-K)

Date	Items
2026-06-26	Auditor changeExhibits	filing ↗
2026-05-27	Material agreementExhibits	filing ↗
2026-03-31	ResultsExhibits	filing ↗
2026-03-23	Exec/director changeExhibits	filing ↗
2026-03-05	Shareholder vote	filing ↗
2025-12-12	Shareholder vote	filing ↗
2025-10-08	5.08	filing ↗
2025-09-22	Exec/director changeExhibits	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-06-26	2026-06-24	0001213900-26-072650 ↗
8-K	2026-05-27	2026-05-22	0001213900-26-061564 ↗
10-Q	2026-05-13	2026-03-31	0001213900-26-055369 ↗
8-K	2026-03-31	2026-03-31	0001213900-26-036958 ↗
10-K	2026-03-31	2025-12-31	0001213900-26-036897 ↗
8-K	2026-03-23	2026-03-23	0001213900-26-032942 ↗
8-K	2026-03-05	2026-03-04	0001213900-26-024123 ↗
8-K	2025-12-12	2025-12-10	0001213900-25-121286 ↗
10-Q	2025-11-10	2025-09-30	0001213900-25-107872 ↗
8-K	2025-10-08	2025-10-08	0001213900-25-097458 ↗
8-K	2025-09-22	2025-09-21	0001213900-25-089817 ↗
8-K	2025-09-10	2025-09-05	0001213900-25-086373 ↗