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Side-by-side financial comparison of Dominari Holdings Inc. (DOMH) and SurgePays, Inc. (SURG). Click either name above to swap in a different company.

Dominari Holdings Inc. is the larger business by last-quarter revenue ($30.1M vs $16.2M, roughly 1.9× SurgePays, Inc.). SurgePays, Inc. runs the higher net margin — -85.6% vs -438.1%, a 352.5% gap on every dollar of revenue. On growth, Dominari Holdings Inc. posted the faster year-over-year revenue change (220.4% vs 68.7%). Over the past eight quarters, Dominari Holdings Inc.'s revenue compounded faster (369.1% CAGR vs -28.2%).

SurgePays, Inc. is a U.S.-headquartered fintech and telecommunications company focused on serving underbanked and low-income communities across the country. It offers prepaid wireless plans, reloadable debit cards, digital banking solutions, and daily consumer products through a nationwide network of independent local retail partners such as convenience stores.

DOMH vs SURG — Head-to-Head

Bigger by revenue
DOMH
DOMH
1.9× larger
DOMH
$30.1M
$16.2M
SURG
Growing faster (revenue YoY)
DOMH
DOMH
+151.7% gap
DOMH
220.4%
68.7%
SURG
Higher net margin
SURG
SURG
352.5% more per $
SURG
-85.6%
-438.1%
DOMH
Faster 2-yr revenue CAGR
DOMH
DOMH
Annualised
DOMH
369.1%
-28.2%
SURG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DOMH
DOMH
SURG
SURG
Revenue
$30.1M
$16.2M
Net Profit
$-131.8M
$-13.9M
Gross Margin
-14.8%
Operating Margin
-8.9%
-79.1%
Net Margin
-438.1%
-85.6%
Revenue YoY
220.4%
68.7%
Net Profit YoY
-12426.2%
30.0%
EPS (diluted)
$-6.94
$-0.68

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.

Revenue
DOMH
DOMH
SURG
SURG
Q4 25
$30.1M
$16.2M
Q3 25
$50.8M
$18.7M
Q2 25
$34.1M
$11.5M
Q1 25
$8.1M
$10.6M
Q4 24
$9.4M
$9.6M
Q3 24
$4.0M
$4.8M
Q2 24
$6.2M
$15.1M
Q1 24
$1.4M
$31.4M
Net Profit
DOMH
DOMH
SURG
SURG
Q4 25
$-131.8M
$-13.9M
Q3 25
$125.2M
$-7.5M
Q2 25
$16.6M
$-7.1M
Q1 25
$-32.5M
$-7.6M
Q4 24
$1.1M
$-19.8M
Q3 24
$-4.2M
$-14.3M
Q2 24
$-6.1M
$-12.9M
Q1 24
$-5.4M
$1.2M
Gross Margin
DOMH
DOMH
SURG
SURG
Q4 25
-14.8%
Q3 25
-13.9%
Q2 25
-23.0%
Q1 25
-27.8%
Q4 24
-117.0%
Q3 24
-164.2%
Q2 24
-22.8%
Q1 24
26.0%
Operating Margin
DOMH
DOMH
SURG
SURG
Q4 25
-8.9%
-79.1%
Q3 25
-3.1%
-37.2%
Q2 25
-57.0%
-59.1%
Q1 25
-394.6%
-71.7%
Q4 24
0.4%
-209.0%
Q3 24
-79.1%
-299.4%
Q2 24
-44.3%
-72.1%
Q1 24
-205.2%
5.6%
Net Margin
DOMH
DOMH
SURG
SURG
Q4 25
-438.1%
-85.6%
Q3 25
246.4%
-40.1%
Q2 25
48.7%
-61.5%
Q1 25
-400.5%
-72.2%
Q4 24
11.4%
-206.5%
Q3 24
-104.2%
-299.3%
Q2 24
-99.1%
-85.3%
Q1 24
-398.0%
3.9%
EPS (diluted)
DOMH
DOMH
SURG
SURG
Q4 25
$-6.94
$-0.68
Q3 25
$7.27
$-0.38
Q2 25
$1.12
$-0.36
Q1 25
$-3.02
$-0.38
Q4 24
$0.21
$-1.07
Q3 24
$-0.67
$-0.73
Q2 24
$-1.01
$-0.66
Q1 24
$-0.91
$0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DOMH
DOMH
SURG
SURG
Cash + ST InvestmentsLiquidity on hand
$80.5M
$1.7M
Total DebtLower is stronger
$13.3M
Stockholders' EquityBook value
$69.4M
$-15.3M
Total Assets
$112.9M
$8.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOMH
DOMH
SURG
SURG
Q4 25
$80.5M
$1.7M
Q3 25
$176.2M
$2.5M
Q2 25
$28.2M
$4.4M
Q1 25
$18.9M
$5.4M
Q4 24
$8.2M
$11.8M
Q3 24
$7.2M
$23.7M
Q2 24
$12.1M
Q1 24
$7.1M
Total Debt
DOMH
DOMH
SURG
SURG
Q4 25
$13.3M
Q3 25
$12.0M
Q2 25
$9.6M
Q1 25
$3.6M
Q4 24
$4.0M
Q3 24
$4.4M
Q2 24
$4.8M
Q1 24
$5.2M
Stockholders' Equity
DOMH
DOMH
SURG
SURG
Q4 25
$69.4M
$-15.3M
Q3 25
$210.2M
$-6.4M
Q2 25
$88.6M
$116.1K
Q1 25
$42.4M
$7.8M
Q4 24
$39.9M
$15.3M
Q3 24
$38.3M
$33.2M
Q2 24
$42.4M
$46.2M
Q1 24
$47.7M
$56.0M
Total Assets
DOMH
DOMH
SURG
SURG
Q4 25
$112.9M
$8.5M
Q3 25
$223.4M
$14.5M
Q2 25
$109.3M
$15.2M
Q1 25
$52.3M
$15.7M
Q4 24
$47.1M
$24.0M
Q3 24
$43.4M
$41.5M
Q2 24
$49.1M
$56.4M
Q1 24
$52.2M
$69.6M
Debt / Equity
DOMH
DOMH
SURG
SURG
Q4 25
Q3 25
Q2 25
82.67×
Q1 25
0.46×
Q4 24
0.26×
Q3 24
0.13×
Q2 24
0.10×
Q1 24
0.09×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DOMH
DOMH
SURG
SURG
Operating Cash FlowLast quarter
$22.7M
$-3.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOMH
DOMH
SURG
SURG
Q4 25
$22.7M
$-3.6M
Q3 25
$-4.9M
$-4.6M
Q2 25
$-353.0K
$-6.1M
Q1 25
$1.2M
$-7.0M
Q4 24
$-16.7M
$-7.9M
Q3 24
$-4.7M
$-13.3M
Q2 24
$1.4M
$-4.1M
Q1 24
$-8.6M
$4.0M
Cash Conversion
DOMH
DOMH
SURG
SURG
Q4 25
Q3 25
-0.04×
Q2 25
-0.02×
Q1 25
Q4 24
-15.65×
Q3 24
Q2 24
Q1 24
3.30×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DOMH
DOMH

Chief Operating Decision Maker$30.1M100%
Commissions$458.0K2%

SURG
SURG

Segment breakdown not available.

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