earnings
confidence high
sentiment negative
materiality 0.70
Doma Q1 revenue $66M, down 22% sequentially; net loss $19M
Doma Holdings, Inc.
- Total revenues of $66M, down 22% vs Q4 2023; retained premiums and fees $14M, down 17%.
- Net loss of $19M vs $18M in Q4 2023; adjusted EBITDA loss of $6M vs $3M loss.
- Gross profit $4M (-14% sequential); adjusted gross profit $7M (-9% sequential).
- CEO cites Fannie Mae pilot program for lender title innovation as potential opportunity.