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Side-by-side financial comparison of Dominari Holdings Inc. (DOMH) and System1, Inc. (SST). Click either name above to swap in a different company.
System1, Inc. is the larger business by last-quarter revenue ($51.9M vs $30.1M, roughly 1.7× Dominari Holdings Inc.). System1, Inc. runs the higher net margin — -26.0% vs -438.1%, a 412.2% gap on every dollar of revenue. On growth, Dominari Holdings Inc. posted the faster year-over-year revenue change (220.4% vs -31.3%). Over the past eight quarters, Dominari Holdings Inc.'s revenue compounded faster (369.1% CAGR vs -21.8%).
System1 is an American Internet advertising company. Formerly known as OpenMail, it was founded in 2013. It describes itself as operating a "Responsive Acquisition Marketing Platform", and cites privacy as one of its principal foci, although it has been criticized for its influence on privacy-focused properties, including search engine Startpage.com. It is headquartered in Marina del Rey, California.
DOMH vs SST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $30.1M | $51.9M |
| Net Profit | $-131.8M | $-13.5M |
| Gross Margin | — | 41.0% |
| Operating Margin | -8.9% | -33.6% |
| Net Margin | -438.1% | -26.0% |
| Revenue YoY | 220.4% | -31.3% |
| Net Profit YoY | -12426.2% | 4.8% |
| EPS (diluted) | $-6.94 | $-3.58 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $30.1M | $51.9M | ||
| Q3 25 | $50.8M | $61.6M | ||
| Q2 25 | $34.1M | $78.1M | ||
| Q1 25 | $8.1M | $74.5M | ||
| Q4 24 | $9.4M | $75.6M | ||
| Q3 24 | $4.0M | $88.8M | ||
| Q2 24 | $6.2M | $94.6M | ||
| Q1 24 | $1.4M | $84.9M |
| Q4 25 | $-131.8M | $-13.5M | ||
| Q3 25 | $125.2M | $-18.5M | ||
| Q2 25 | $16.6M | $-17.5M | ||
| Q1 25 | $-32.5M | $-15.9M | ||
| Q4 24 | $1.1M | $-14.2M | ||
| Q3 24 | $-4.2M | $-23.6M | ||
| Q2 24 | $-6.1M | $-26.4M | ||
| Q1 24 | $-5.4M | $-10.5M |
| Q4 25 | — | 41.0% | ||
| Q3 25 | — | 36.9% | ||
| Q2 25 | — | 35.7% | ||
| Q1 25 | — | 38.2% | ||
| Q4 24 | — | 42.1% | ||
| Q3 24 | — | 28.0% | ||
| Q2 24 | — | 27.6% | ||
| Q1 24 | — | 21.9% |
| Q4 25 | -8.9% | -33.6% | ||
| Q3 25 | -3.1% | -25.3% | ||
| Q2 25 | -57.0% | -20.4% | ||
| Q1 25 | -394.6% | -17.6% | ||
| Q4 24 | 0.4% | -15.7% | ||
| Q3 24 | -79.1% | -24.6% | ||
| Q2 24 | -44.3% | -30.8% | ||
| Q1 24 | -205.2% | -30.4% |
| Q4 25 | -438.1% | -26.0% | ||
| Q3 25 | 246.4% | -30.1% | ||
| Q2 25 | 48.7% | -22.4% | ||
| Q1 25 | -400.5% | -21.3% | ||
| Q4 24 | 11.4% | -18.7% | ||
| Q3 24 | -104.2% | -26.6% | ||
| Q2 24 | -99.1% | -27.9% | ||
| Q1 24 | -398.0% | -12.4% |
| Q4 25 | $-6.94 | $-3.58 | ||
| Q3 25 | $7.27 | $-2.30 | ||
| Q2 25 | $1.12 | $-2.23 | ||
| Q1 25 | $-3.02 | $-0.21 | ||
| Q4 24 | $0.21 | $-3.41 | ||
| Q3 24 | $-0.67 | $-3.37 | ||
| Q2 24 | $-1.01 | $-3.80 | ||
| Q1 24 | $-0.91 | $-0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $80.5M | $86.9M |
| Total DebtLower is stronger | — | $305.1M |
| Stockholders' EquityBook value | $69.4M | $30.5M |
| Total Assets | $112.9M | $405.0M |
| Debt / EquityLower = less leverage | — | 10.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.5M | $86.9M | ||
| Q3 25 | $176.2M | $54.6M | ||
| Q2 25 | $28.2M | $63.6M | ||
| Q1 25 | $18.9M | $43.9M | ||
| Q4 24 | $8.2M | $63.6M | ||
| Q3 24 | $7.2M | $69.1M | ||
| Q2 24 | $12.1M | $75.7M | ||
| Q1 24 | $7.1M | $69.9M |
| Q4 25 | — | $305.1M | ||
| Q3 25 | — | $259.2M | ||
| Q2 25 | — | $263.3M | ||
| Q1 25 | — | $267.4M | ||
| Q4 24 | — | $255.1M | ||
| Q3 24 | — | $259.2M | ||
| Q2 24 | — | $263.3M | ||
| Q1 24 | — | $268.6M |
| Q4 25 | $69.4M | $30.5M | ||
| Q3 25 | $210.2M | $42.7M | ||
| Q2 25 | $88.6M | $58.2M | ||
| Q1 25 | $42.4M | $67.2M | ||
| Q4 24 | $39.9M | $80.3M | ||
| Q3 24 | $38.3M | $90.3M | ||
| Q2 24 | $42.4M | $109.4M | ||
| Q1 24 | $47.7M | $131.7M |
| Q4 25 | $112.9M | $405.0M | ||
| Q3 25 | $223.4M | $385.2M | ||
| Q2 25 | $109.3M | $429.2M | ||
| Q1 25 | $52.3M | $419.2M | ||
| Q4 24 | $47.1M | $459.1M | ||
| Q3 24 | $43.4M | $479.3M | ||
| Q2 24 | $49.1M | $511.3M | ||
| Q1 24 | $52.2M | $521.1M |
| Q4 25 | — | 10.01× | ||
| Q3 25 | — | 6.07× | ||
| Q2 25 | — | 4.53× | ||
| Q1 25 | — | 3.98× | ||
| Q4 24 | — | 3.18× | ||
| Q3 24 | — | 2.87× | ||
| Q2 24 | — | 2.41× | ||
| Q1 24 | — | 2.04× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $22.7M | $-10.6M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.7M | $-10.6M | ||
| Q3 25 | $-4.9M | $-2.1M | ||
| Q2 25 | $-353.0K | $24.5M | ||
| Q1 25 | $1.2M | $-15.9M | ||
| Q4 24 | $-16.7M | $772.0K | ||
| Q3 24 | $-4.7M | $-5.0K | ||
| Q2 24 | $1.4M | $10.0M | ||
| Q1 24 | $-8.6M | $-16.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-16.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-36.0K | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -21.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -0.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | -0.04× | — | ||
| Q2 25 | -0.02× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -15.65× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DOMH
| Chief Operating Decision Maker | $30.1M | 100% |
| Commissions | $458.0K | 2% |
SST
Segment breakdown not available.
