Shareholder equity has eroded significantly to $31.6M in 2026Q1, driven by the accumulation of $325.5M in negative retained earnings that highlight the firm's ongoing operational losses.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Cash & Short Term Investments | 319.35M | 80.52M | 9.85M | 16.38M | 42.32M | 79.26M | 27.52M | 948K | 2.72M | 4.2M | 6.16M | 3.53M | 4.3M | 3.13M | 4.5M | 4.91M | 5.58M | 9.4M | 11.3M | 15.84M | 9.86M | 4.67M | 6.18M | 6.97M | 8.66M | 6.58M | 5.55M | 1.44M | 2.3M | 5.2M | 800K |
| Cash & Due from Banks | 27.48M | 34.01M | 4.08M | 2.83M | 33.17M | 65.56M | 2.71M | 91K | 17K | 197K | 134K | 142K | 805K | 3.13M | 4.5M | 4.91M | 5.58M | 9.03M | 9.4M | 15.84M | 9.86M | 2.67M | 3.48M | 4.27M | 8.66M | 6.58M | 5.55M | 1.44M | 2.3M | 5.2M | 800K |
| Short Term Investments | 6.9M | 46.52M | 5.77M | 13.55M | 9.14M | 13.7M | 24.8M | 857K | 2.7M | 4M | 6.03M | 3.39M | 3.5M | 0 | 0 | 0 | 0 | 375K | 1.89M | 0 | 0 | 2M | 2.7M | 2.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 18.75M | 68.02M | 18.05M | 37.7M | 32.25M | 23.16M | 27.57M | 11.01M | 13.04M | 5.02M | 6.03M | 3.39M | 3.5M | 0 | 0 | 0 | 35.63K | 375K | 1.93M | 0 | 0 | 2M | 2.7M | 2.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments Growth % | 1383.05% | 276.72% | -52.1% | 16.9% | 39.2% | -15.96% | 150.36% | -15.6% | 159.96% | -16.71% | 77.62% | -3.09% | - | - | - | -100% | -90.5% | -80.57% | - | - | -100% | -25.93% | 0% | - | - | - | - | - | - | - | - |
| Long-Term Investments | 88.83M | 21.5M | 12.28M | 24.15M | 23.1M | 9.46M | 2.76M | 10.15M | 10.35M | 1.02M | 0 | 0 | 0 | 0 | 0 | 0 | 35.63K | 0 | 35.63K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivables | 21.88M | 4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 285.86K | 274.15K | 281.34K | 38.58K | 2.17M | 2.14M | 1.74M | 1.49M | 2.17M | 1.52M | 2.34M | 1.77M | 1.8M | 1.5M | 0 |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.58M | 4.95M | 9.8M | 56.72M | 66.55M | 0 | 0 | 2.3K | 8.36K | 14.43K | 32.37K | 106.63K | 854.87K | 1.03M | 172.59K | 211.67K | 226.37K | 149.97K | 136.53K | 100K | 100K | 100K |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.71M | 1.71M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.58M | 4.95M | 9.8M | 55M | 64.83M | 0 | 0 | 2.3K | 8.36K | 14.43K | 32.37K | 106.63K | 854.87K | 1.03M | 172.59K | 211.67K | 226.37K | 149.97K | 136.53K | 100K | 100K | 100K |
| PP&E (Net) | 0 | 2.72M | 3.18M | 3.68M | 919K | 0 | 0 | 0 | 1K | 3K | 6K | 5K | 4K | 0 | 24K | 85.37K | 154K | 225.96K | 310.37K | 55.09K | 217.14K | 4.6M | 5.52M | 4.67M | 3.65M | 4.16M | 4.46M | 4.24M | 6.4M | 3.4M | 1.6M |
| Other Assets | 4.25M | -21.5M | 3.51M | 1.59M | 1.56M | 2.3M | -2.76M | 0 | 0 | 26K | 26K | 26K | 26K | 30K | 26K | 41.73K | 161 | 35.63K | 0 | 35.63K | 4.28M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 300K | 500K | 100K |
| Total Current Assets | 69.22M | 80.52M | 28.15M | 28.14M | 50.66M | 90.89M | 27.73M | 1.13M | 2.9M | 4.34M | 6.29M | 3.86M | 4.41M | 3.28M | 4.71M | 5.53M | 6.82M | 9.89M | 11.9M | 16.42M | 14.01M | 7.66M | 8.7M | 9.33M | 11.59M | 8.85M | 8.84M | 4.18M | 4.8M | 7.3M | 3.8M |
| Total Non-Current Assets | 16.1M | 2.72M | 18.98M | 29.42M | 25.58M | 11.77M | 2.76M | 10.15M | 10.35M | 4.63M | 4.98M | 9.83M | 56.75M | 66.58M | 50K | 127.11K | 192.08K | 269.95K | 360.42K | 123.08K | 4.6M | 5.46M | 6.55M | 4.84M | 3.87M | 4.39M | 4.61M | 4.38M | 6.8M | 4M | 1.8M |
| Total Assets | 85.32M | 112.91M | 47.13M | 57.56M | 76.24M | 102.66M | 30.5M | 11.28M | 13.25M | 8.97M | 11.28M | 13.69M | 61.16M | 69.85M | 4.76M | 5.66M | 7.02M | 10.16M | 12.26M | 16.54M | 18.61M | 13.12M | 15.24M | 14.17M | 15.45M | 13.24M | 13.45M | 8.56M | 11.6M | 11.3M | 5.6M |
| Asset Growth % | 739.91% | 139.59% | -18.13% | -24.5% | -25.74% | 236.63% | 170.3% | -14.86% | 47.69% | -20.44% | -17.65% | -77.61% | -12.45% | 1368.73% | -15.9% | -19.41% | -30.9% | -17.18% | -25.87% | -11.11% | 41.85% | -13.94% | 7.6% | -8.32% | 16.71% | -1.56% | 57.22% | -26.24% | 2.65% | 101.79% | 7.69% |
| Return on Assets (ROA) | -35.63% | -28.04% | -28.09% | -34.2% | -24.72% | -10.77% | -59.06% | -34.1% | 15.54% | -32.65% | -51.87% | -137.51% | -46.61% | -48.16% | -74.09% | -54.63% | -90.1% | -81.62% | -28.72% | -5.34% | 22.15% | -20.09% | -19.19% | -15.24% | -20.37% | 4.25% | 5.37% | -51.6% | -17.47% | -1.18% | 1.85% |
| Accounts Payable | 777K | 611K | 919K | 1.04M | 447K | 381K | 567K | 68K | 132K | 56K | 123K | 384K | 553K | 270K | 428K | 106K | 312K | 961K | 524K | 232K | 230.43K | 765K | 1.49M | 1.72M | 1.15M | 339.55K | 742.83K | 1.1M | 1.6M | 1.5M | 1.3M |
| Total Debt | 2.74M | 2.84M | 3.04M | 3.45M | 762K | 0 | 0 | 0 | 0 | 48K | 227K | 407K | 580K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 364.2K | 1.48M | 2.01M | 1.78M | 812.91K | 317.05K | 744.68K | 2.77M | 2.4M | 1.5M | 200K |
| Net Debt | -24.73M | -31.16M | -1.04M | 616K | -32.41M | -65.56M | -2.71M | -91K | -17K | -149K | 93K | 265K | -225K | -3.13M | -4.5M | -4.91M | -5.58M | -9.03M | -9.4M | -15.84M | -9.5M | -1.19M | -1.46M | -2.49M | -7.84M | -6.27M | -4.81M | 1.33M | 100K | -3.7M | -600K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.81K | 0 | 0 | 0 | 0 | 87.66K | 538.6K | 1.3M | 1M | 100K |
| Short-Term Debt | 0 | 0 | 410K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 225.45K | 1.47M | 1.98M | 1.73M | 749.6K | 296.03K | 657.02K | 2.23M | 1.1M | 500K | 100K |
| Other Liabilities | 0 | 17.93M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.93M | 20.05M | 3.17M | 964.29K | 630.95K | 689.71K | 796.74K | 615.53K | 778.06K | 707.58K | 366.53K | 346.9K | 1.33M | 1.32M | 1.3M | 1.12M | 1.2M | 1.4M | 300K |
| Total Current Liabilities | 53.74M | 23.32M | 3.78M | 1.61M | 1.79M | 1.06M | 877K | 750K | 1.15M | 2.58M | 2.67M | 4.46M | 1.23M | 1.5M | 731K | 892.69K | 1.95M | 2.19M | 1.05M | 1.47M | 3.14M | 4.52M | 4.48M | 4.29M | 2.8M | 1.71M | 2.49M | 4.12M | 4.5M | 3.1M | 2.3M |
| Total Non-Current Liabilities | 0 | 20.21M | 3.49M | 3.03M | 680K | 0 | 0 | 0 | 0 | 2.29M | 3.29M | 488K | 6.34M | 20.05M | 3.17M | 964.29K | 630.95K | 689.71K | 796.74K | 615.53K | 916.81K | 718.39K | 393.99K | 392.48K | 1.39M | 1.34M | 1.39M | 1.65M | 2.5M | 2.4M | 400K |
| Total Liabilities | 53.74M | 43.54M | 7.27M | 4.63M | 2.47M | 1.06M | 877K | 750K | 1.15M | 4.87M | 5.96M | 4.94M | 7.57M | 21.55M | 3.9M | 1.86M | 2.58M | 2.88M | 1.85M | 2.09M | 4.06M | 5.24M | 4.88M | 4.68M | 4.19M | 3.05M | 3.87M | 5.77M | 7M | 5.5M | 2.7M |
| Total Equity | 31.58M | 69.37M | 39.85M | 52.92M | 73.77M | 101.59M | 29.62M | 10.53M | 12.1M | 4.11M | 5.32M | 8.75M | 53.59M | 48.3M | 854K | 3.8M | 4.44M | 7.27M | 10.41M | 14.45M | 14.55M | 7.88M | 10.37M | 9.49M | 11.26M | 10.19M | 9.58M | 2.78M | 4.6M | 5.8M | 2.9M |
| Equity Growth % | 607.21% | 74.07% | -24.7% | -28.26% | -27.39% | 243.02% | 181.22% | -12.94% | 194.64% | -22.79% | -39.22% | -83.67% | 10.94% | 5555.97% | -77.51% | -14.46% | -38.94% | -30.14% | -27.97% | -0.69% | 84.67% | -24% | 9.26% | -15.74% | 10.5% | 6.38% | 244.3% | -39.51% | -20.69% | 100% | 20.83% |
| Equity / Assets (Capital Ratio) | 37.01% | 61.44% | 84.57% | 91.95% | 96.76% | 98.97% | 97.12% | 93.35% | 91.3% | 45.76% | 47.16% | 63.9% | 87.62% | 69.15% | 17.96% | 67.16% | 63.28% | 71.61% | 84.9% | 87.36% | 78.2% | 60.06% | 68.01% | 66.98% | 72.87% | 76.97% | 71.22% | 32.52% | 39.66% | 51.33% | 51.79% |
| Return on Equity (ROE) | -47.32% | -41.08% | -31.7% | -36.12% | -25.21% | -10.93% | -61.45% | -36.97% | 21.32% | -70.16% | -92.07% | -165.12% | -59.93% | -73.09% | -165.82% | -84.04% | -132.11% | -103.48% | -33.27% | -6.47% | 31.32% | -31.22% | -28.42% | -21.75% | -27.24% | 5.74% | 9.56% | -140.87% | -38.46% | -2.3% | 3.77% |
| Book Value per Share | 0.17 | 0.49 | 6.45 | 10.12 | 13.83 | 20.96 | 17.93 | 71.29 | 108.43 | 53.56 | 100.10 | 373.34 | 3728.76 | 17589.95 | 1442.57 | 33911.11 | 57665.18 | 117288.32 | 200183.00 | 277899.81 | 291011.94 | 175093.78 | 241109.07 | 231444.78 | 274669.71 | 261310.77 | 245639.67 | 79498.37 | 143750.00 | 181250.00 | 103571.43 |
| Tangible BV per Share | 0.17 | 0.49 | 6.45 | 10.12 | 13.83 | 20.96 | 17.93 | 71.29 | 108.43 | 6.89 | 6.91 | -44.76 | -217.80 | -6644.21 | 1442.57 | 33911.11 | 57635.36 | 117153.42 | 199905.44 | 277277.29 | 288879.28 | 156096.64 | 217182.84 | 227235.37 | 269506.95 | 255506.49 | 241794.36 | 75597.63 | 140625.00 | 178125.00 | 100000.00 |
| Common Stock | 2K | 0 | 0 | 0 | 0 | 9K | 3K | 0 | 1K | 0 | 0 | 0 | 3K | 0 | 0 | 16 | 21.44K | 86.16K | 72.19K | 72K | 69.46K | 62.24K | 60.16K | 57.43K | 57.06K | 40.14K | 38.54K | 33.64K | 0 | 0 | 0 |
| Additional Paid-in Capital | 357.1M | 337.5M | 263.82M | 262.19M | 262.97M | 265.62M | 186.48M | 155.06M | 152.44M | 149.43M | 147.33M | 144.29M | 137.66M | 102.04M | 36.63M | 35.72M | 38.57M | 33.6M | 27.6M | 27.51M | 26.67M | 23.52M | 23.16M | 19.39M | 18.91M | 14.22M | 14.15M | 7.96M | 0 | 0 | 0 |
| Retained Earnings | -325.49M | -268.13M | -223.47M | -208.76M | -185.88M | -163.77M | -156.6M | -144.27M | -140.08M | -145.06M | -141.75M | -135.27M | -83.81M | -53.28M | -35.31M | -31.45M | -33.69M | -25.95M | -16.8M | -12.66M | -11.73M | -15.24M | -12.39M | -9.57M | -7.31M | -4.39M | -4.96M | -5.54M | -300K | 1.6M | 1.8M |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.8M | -1.7M | -1.1M |
| Treasury Stock | 0 | 0 | -501K | -501K | -3.32M | -264K | -264K | -264K | -264K | -264K | -264K | -264K | -264K | -465K | -465K | -464.79K | -464.79K | -464.79K | -464.79K | -464.79K | -464.79K | -464.79K | -464.79K | -390.43K | -390.43K | -350.1K | -327.98K | -219.05K | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 0 | 0 | 0 | 5.93M | 20M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Liquidity depletion from operations
As reported in financial statements, Dominari's total assets declined from $112.9M in 2025Q4 to $85.3M in 2026Q1, signaling that the firm's aggressive inorganic growth strategy is rapidly consuming its capital base while failing to establish a stable, self-sustaining asset foundation for long-term operations.
The contraction in total assets alongside persistent negative retained earnings suggests that the firm is effectively liquidating its balance sheet to fund operational deficits. Investors should monitor whether this trajectory forces a pivot toward more dilutive financing as the current capital cushion continues to shrink.
Based on recent SEC filings, the company's cash position plummeted from $80.5M in 2025Q4 to $34.4M in 2026Q1, representing a significant reduction in the firm's liquidity buffer and highlighting the high cash-burn nature of its current wealth management talent acquisition model.
The decline in the current ratio from 3.45 to 1.29 over the same period indicates a narrowing margin of safety for meeting short-term obligations. This rapid depletion suggests that the firm may soon face liquidity constraints if it cannot achieve a positive operating cash flow inflection point.
According to the provided balance sheet data, shareholders' equity dropped from $69.4M in 2025Q4 to $31.6M in 2026Q1, a trend largely driven by the accumulation of negative retained earnings which now total $325.5M, reflecting substantial historical and ongoing operational losses.
The erosion of equity suggests that the firm's growth is being financed at the expense of shareholder value rather than through profitable reinvestment. The reliance on equity-based compensation to attract talent further complicates the equity structure, potentially masking the true cost of human capital acquisition.
As indicated by the financial data, the absence of goodwill and minimal PPE on the balance sheet suggests that the firm's rapid expansion is not being captured as long-term intangible assets, which may imply that acquisition costs are being expensed immediately rather than capitalized.
This accounting treatment likely exacerbates the reported net losses and obscures the true value of the advisory teams brought on board. Investors should investigate whether this approach to asset recognition creates a misleading picture of the firm's actual investment in its core wealth management infrastructure.
Quick answers to the most common questions about buying DOMH stock.
As of 2025, Dominari Holdings Inc. (DOMH) had total assets of $112.9M including $80.5M in current assets.
Dominari Holdings Inc. (DOMH) carries total debt of $2.8M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Dominari Holdings Inc. (DOMH) has total shareholders' equity (book value) of $69.4M ($0.49 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Dominari Holdings Inc. (DOMH) reported a current ratio of 3.45x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.