v3.26.1
Segment Reporting
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Reporting

Note 17. Segment Reporting

 

Operating segments are defined as components of an entity for which discrete financial information is available that is regularly reviewed by the Chief Operating Decision Maker (“CODM”), who is the Chief Executive Officer, in deciding how to allocate resources to an individual segment and in assessing performance. The CODM reviews financial information for the purposes of making operating decisions, allocating resources, and evaluating financial performance of the business of the reportable operating segments, based on discrete financial information. The measures of segment profitability that are most relied upon by the CODM are gross revenues and net loss.

 

The Company operates in two reportable business segments: (1) Dominari Financial and (2) Legacy Aikido. The Dominari Financial reportable business segment represents the Company’s broker-dealer business, which is composed of mostly underwriting and transactional service activities. The Legacy Aikido reportable business segment includes Aikido Labs, which manages the investments holdings of the legacy entity. Prior to the FPS Acquisition, the Company operated as a single operating segment comprised of Legacy Aikido.

 

The CODM has access to and regularly reviews internal financial reporting for each business and uses that information to make operational decisions and allocate resources. Accounting policies applied by the reportable segments are the same as those used by the Company and described in the “Summary of Significant Accounting Policies”.

The measures of segment profitability that are most relied upon by the CODM are gross revenue and net income (loss), as presented within the table below and reconciled to the unaudited condensed consolidated statement of operations. Additionally, the CODM views the expenses listed below to be significant in their analysis.

 

   Three Months Ended March 31, 2026 
   Dominari
Financial		   Legacy
Holding Co.		   Consolidated 
Revenue  $35,805   $
-
   $35,805 
Operating Costs               
Compensation and benefits   23,891    44,268    68,159 
Professional and consulting fees   291    585    876 
Other operating expenses   3,063    1,329    4,392 
Income / (loss) from operations   8,560    (46,182)   (37,622)
                
Other (expenses) income               
Other income   
-
    108    108 
Interest income   
-
    61    61 
Loss on marketable securities   
-
    (7,014)   (7,014)
Total other income   
-
    (6,845)   (6,845)
Net income (/loss) before income taxes   8,560    (53,027)   (44,467)
Provision for income taxes   
-
    12,868    12,868 
Net income (loss)  $8,560   $(65,895)  $(57,335)
Non-controlling interests   
-
    23    23 
Net loss attributable to stockholders  $8,560    (65,918)  $(57,358)
Total assets  $25,104   $60,216   $85,320 

 

    Three Months Ended March 31, 2025  
    Dominari
Financial		     Legacy
Holding Co.		     Consolidated  
Revenue   $          7,240     $ -     $ 7,240  
Operating Costs                        
Compensation,  benefits and advisory fees     7,595       28,806       36,401  
Professional and consulting fees     54       775       829  
                         
Other expenses     1,544       1,348       2,892  
Loss from operations     (1,953 )     (30,929 )     (32,882 )
                         
Other (expenses) income                        
Interest income     -       21       21  
Gain on marketable securities     -       (168 )     (168 )
Unrealized loss on note receivable     -       221       221  
Change in carrying value of investments     -       320       320  
Total other (expenses) income     -       394       394  
Net loss   $ (1,953 )   $ (30,535 )   $ (32,488 )
                         
Total assets   $ 19,202     $ 33,103     $ 52,335