Dominari Holdings (DOMH) AI Stock Analysis

• Market Cap: $48.18M
• Dividend Yield: N/A
• Average Volume (3M): 345.62K
• Price to Earnings (P/E): 0.2
• Beta (1Y): 2.59
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 29
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): -2.43
• Shares Outstanding: 16,222,435
• 10 Day Avg. Volume: 320,922
• 30 Day Avg. Volume: 345,616
• PEG Ratio: <0.01
• Price to Book (P/B): 0.15
• Price to Sales (P/S): 0.34
• P/FCF Ratio: -0.40
• Enterprise Value/Market Cap: 0.96
• Enterprise Value/Revenue: 0.47
• Enterprise Value/Gross Profit: 0.47
• Enterprise Value/Ebitda: 0.64
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: $4.50 ▼(-10.36% Downside)
• Action: Reiterated Date: 01/07/26
• Date: Action: Reiterated 01/07/26

The score is driven primarily by mixed financial performance: strong reported TTM rebound and low leverage are offset by negative EBIT and consistently negative cash flow, which undermines earnings quality. Valuation is supportive due to the very low P/E and high dividend yield, while technicals are neutral-to-cautious and corporate actions modestly positive but include potential dilution risk.

Positive Factors

Low leverage / conservative balance sheet

Dominari's minimal leverage provides durable financial flexibility: low interest burden and higher resilience in downturns. This preserves capacity to fund operations, opportunistic investments or strategic M&A without stressing cash flow, aiding long-term stability amid volatility.

TTM revenue and net income rebound

A sharp TTM revenue and reported net income rebound suggests renewed market demand or improved business execution. If sustained, top-line growth supports operating leverage, reinvestment in products and talent, and a credible path to durable profitability over the medium term.

Governance moves increase strategic flexibility

Shareholder approvals for incentive-plan amendments, rights agreement renewal and broader issuance authority create lasting tools for talent retention, corporate defense and capital raising. Those mechanisms strengthen management's options for long-term financing and alignment with strategic goals.

Negative Factors

Negative operating and free cash flow

Persistent negative OCF and FCF show the company is not converting reported earnings into cash, necessitating ongoing financing or equity support. Over months this constrains reinvestment, raises liquidity risk, and undermines sustainability of dividends or growth programs.

Negative TTM EBIT and earnings quality concerns

Ongoing negative EBIT indicates core operations remain loss-making, with headline net income reliant on non-operating or one-time items. This weakens earnings durability and suggests margins must materially improve to support recurring profits and justify strategic investments.

Potential shareholder dilution from issuance authority

Authority to issue a large block of shares and expanded incentive grants creates a tangible medium-term dilution risk. With weak cash generation, reliance on equity to fund operations or pay dividends could dilute EPS and returns, reducing per-share value for long-term holders.

Dominari Holdings Business Overview & Revenue Model

Company Description

Dominari Holdings Inc., a U.S.-based capital markets firm offering wealth management, investment banking, sales & trading, and asset & portfolio management. It operates through segments like Dominari Financial and Legacy AIkido.

How the Company Makes Money

Dominari Holdings’ earnings are primarily tied to fees and commissions generated by its financial-services subsidiaries. Typical revenue sources for this type of business include (i) advisory fees for investment banking/strategic advisory engagements (e.g., M&A and corporate finance advisory), (ii) placement/underwriting or capital-raising fees when arranging financings for clients, and (iii) commissions or other transaction-based income connected to capital markets activity. Specific, current revenue stream breakdowns, material customer concentrations, and significant partnerships are not available from the information provided here; null.

Dominari Holdings Financial Statement Overview

Summary

Strong TTM rebound in revenue and reported net income and a low-debt balance sheet support the score, but negative TTM EBIT and persistently negative operating/free cash flow (about -$7.2M) raise concerns about earnings quality and sustainability.

Income Statement

TTM (Trailing-Twelve-Months) results show a sharp rebound: revenue rose strongly (up ~88.6%) and net income turned highly positive with an unusually high net margin (over 100%), versus sizable losses in 2024 and 2023. However, profitability quality is mixed—EBIT is still negative in TTM, suggesting core operating performance may not fully support the headline earnings, and historical results show significant volatility.

Balance Sheet

The balance sheet looks conservatively levered, with very low debt relative to equity (debt-to-equity ~0.01–0.08 across periods). Equity has expanded materially into TTM, and returns on equity swing from negative historically to strongly positive in TTM. Key risk is that the strong TTM return appears driven by volatile earnings rather than a long, consistent profitability track record.

Cash Flow

Cash generation remains a weak spot: operating cash flow and free cash flow are negative in TTM (about -$7.2M) and were also negative in prior years, even when reported earnings improved. This gap between net income and cash flow raises questions about earnings sustainability and increases reliance on financing or balance sheet resources if negative cash flow persists.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	99.59M	18.15M	2.04M	0.00	0.00	0.00
Gross Profit	99.47M	18.15M	2.04M	188.00K	0.00	0.00
EBITDA	72.37M	-11.03M	-22.44M	-22.30M	-9.44M	0.00
Net Income	110.40M	-14.70M	-22.88M	-22.11M	-7.17M	-12.34M
Balance Sheet
Total Assets	223.45M	47.13M	57.56M	76.24M	102.66M	30.50M
Cash, Cash Equivalents and Short-Term Investments	176.21M	9.85M	16.38M	42.32M	79.26M	27.52M
Total Debt	2.99M	3.04M	3.45M	762.00K	0.00	0.00
Total Liabilities	13.15M	7.27M	4.63M	2.47M	1.06M	877.00K
Stockholders Equity	210.16M	39.85M	52.92M	73.77M	101.59M	29.62M
Cash Flow
Free Cash Flow	-7.25M	-15.12M	-22.66M	-12.43M	-7.22M	-5.49M
Operating Cash Flow	-7.25M	-15.12M	-22.23M	-10.60M	-6.60M	-4.02M
Investing Cash Flow	4.84M	16.36M	-7.17M	-14.60M	-8.85M	-24.96M
Financing Cash Flow	4.38M	0.00	-939.00K	-7.19M	78.30M	31.61M

Dominari Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SIEB	72 Outperform	$85.30M	18.19	8.17%	―	8.47%	-32.22%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
DOMH	61 Neutral	$48.18M	0.22	116.21%	―	―	―
HGBL	61 Neutral	$41.69M	12.04	4.69%	―	0.02%	-68.55%
MDBH	55 Neutral	$29.00M	-0.91	17.65%	―	121.21%	―
SRL	54 Neutral	$126.53M	-14.94	-0.88%	3.83%	-36.67%	-1568.10%
PROP	53 Neutral	$102.59M	19.57	14.10%	―	18320.01%	27.15%

Dominari Holdings Corporate Events

Dominari Holdings Expands 2022 Equity Incentive Plan Authorization

On March 4, 2026, Dominari Holdings Inc. held a special meeting of stockholders at which a quorum of approximately 43.27% of eligible voting shares was present or represented by proxy as of the January 22, 2026 record date. Shareholders voted on amendments to the company’s 2022 Equity Incentive Plan and on a proposal to allow adjournment of the meeting if additional proxy solicitation were needed.

Investors approved increasing the number of shares reserved under the 2022 Equity Incentive Plan by 10,000,000 to a total of 21,720,750 shares, and they also endorsed an automatic annual share increase mechanism running from January 1, 2027 through January 1, 2032, subject to a cap tied to outstanding shares or board discretion. Stockholders further approved the adjournment proposal, reinforcing management’s flexibility to secure sufficient votes, and collectively these decisions expand the company’s capacity to issue equity-based compensation, with potential implications for shareholder dilution and talent retention strategy.

The most recent analyst rating on (DOMH) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Dominari Holdings stock, see the DOMH Stock Forecast page.