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0.00165289256198358 0.00165289256198358 0.00165289256198358 0.00165289256198358 -0.00495867768595031 -0.00495867768595031 -0.00495867768595031 0.00165289256198358
Stock impact report

Doma Reports First Quarter 2024 Financial Results

Doma Holdings, Inc. (DOMA) 
Company Research Source: Business Wire
SAN FRANCISCO--(BUSINESS WIRE)--Doma Holdings, Inc. (NYSE: DOMA) (“Doma” or the “Company”), a leading force for disruptive change in the real estate industry, today reported financial results and key operating data for the three months ended March 31, 2024.First Quarter 2024 Business Highlights (1)(2):Total revenues of $66 million, down 22% versus Q4 2023Retained premiums and fees of $14 million, down 17% versus Q4 2023Gross profit of $4 million, down 14% versus Q4 2023Adjusted gross profit of $7 million, down 9% versus Q4 2023Net loss of $19 million, compared to a net loss of $18 million in Q4 2023Adjusted EBITDA loss of $6 million, compared to a loss of $3 million in Q4 2023“With mortgage rates at twenty-year highs and housing supply severely constrained, many of the largest participants in the mortgage ecosystem—the government-sponsored enterprises, software providers, and national lenders—are seeking new and innovative solutions to reduce closing costs for consumers,” says Max Show less Read more
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