PIPR
$64.62+0.08%
PIPR financial statements
The full income statement, balance sheet, and cash-flow statement for Piper Sandler Companies (PIPR), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 70.8M2024-09 71.1M2024-12 70.9M2025-03 71.0M2025-06 70.8M2025-09 70.8M2025-12 71.3M2026-03 71.0M2026-06 70.7M-0.2% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 1.90B+26.4% | 1.51B+10.9% | 1.36B-5.4% | 1.44B-29.7% | 2.04B+63.0% | |
| Restructuring | 4.65M+11181.0% | -42.0K-100.5% | 7.66M+22.3% | 6.27M+68.4% | 3.72M-41.9% | |
| Amortization of intangibles | 10.00M-2.8% | 10.3M-47.1% | 19.4M+26.4% | 15.4M-48.9% | 30.1M-32.7% | |
| Noninterest expense | 1.52B+16.6% | 1.31B+6.7% | 1.23B-5.1% | 1.29B-18.8% | 1.59B+35.9% | |
| Interest & investment income | 36.9M+12.1% | 32.9M+23.1% | 26.7M+31.2% | 20.4M+192.3% | 6.97M-47.1% | |
| Pre-tax income | 375M+71.5% | 218M+78.2% | 123M-8.8% | 134M-69.6% | 442M+544.1% | |
| Income tax | 80.6M+32.2% | 61.0M+158.2% | 23.6M-28.9% | 33.2M-70.1% | 111M+479.1% | |
| 281M+55.3% | 181M+111.9% | 85.5M-22.8% | 111M-60.3% | 279M+587.6% | ||
| Income from continuing operations | — | — | — | — | 279M+587.6% | |
| Net income to non-controlling interest | 12.6M+153.4% | -23.7M-275.6% | 13.5M+242.0% | -9.49M-118.3% | 51.9M+485.8% | |
| $3.96+54.5% | $2.56+106.5% | $1.24-23.9% | $1.63-60.3% | $4.11+504.0% | ||
| EPS (basic) | $4.22+47.6% | $2.86+100.0% | $1.43-27.8% | $1.98-59.4% | $4.88+563.9% | |
| Weighted-avg shares (basic) | 66.6M+5.2% | 63.4M+5.9% | 59.8M+7.0% | 55.9M-2.0% | 57.1M+3.5% | |
| Weighted-avg shares (diluted) | 71.1M+0.5% | 70.8M+2.7% | 68.9M+1.5% | 67.9M+0.1% | 67.8M+13.8% | |
| Dividends per share | $1.43+62.9% | $0.88-4.1% | $0.91-47.1% | $1.73+1.5% | $1.70+240.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 809M+67.6% | 483M+26.0% | 383M+4.8% | 366M-62.3% | 971M+91.2% | |
| 2.59B+14.9% | 2.26B+5.4% | 2.14B-1.9% | 2.18B-15.0% | 2.57B+28.4% | ||
| Property, plant & equipment | 77.3M+30.2% | 59.4M-2.3% | 60.8M-10.9% | 68.2M+31.8% | 51.8M+18.1% | |
| Operating lease right-of-use | 64.0M-3.9% | 66.6M-4.0% | 69.4M-20.9% | 87.7M+23.0% | 71.3M-13.6% | |
| Goodwill | 319M+2.3% | 312M+3.4% | 302M+0.2% | 301M+32.4% | 228M+0.0% | |
| Intangible assets | 99.6M-7.4% | 108M-7.5% | 116M-14.3% | 136M+13.2% | 120M-20.1% | |
| Deferred tax assets | 156M-3.4% | 162M-9.8% | 179M-6.2% | 191M+20.7% | 158M+51.8% | |
| Short-term & current debt | 15.0M+50.0% | 10.0M-66.7% | 30.0M | 0.00 | — | |
| 1.01B+20.2% | 840M-0.2% | 842M-9.3% | 928M-30.7% | 1.34B+25.0% | ||
| Long-term debt | — | — | 0.00-100.0% | 125M+0.0% | 125M-35.9% | |
| Operating lease liability (total) | 101M+14.1% | 88.8M-5.2% | 93.7M-14.6% | 110M+22.5% | 89.6M-9.9% | |
| 1.37B+11.7% | 1.23B+13.1% | 1.09B+3.0% | 1.05B-0.8% | 1.06B+28.1% | ||
| Common stock | 779K+299.5% | 195K+0.0% | 195K+0.0% | 195K+0.0% | 195K+0.0% | |
| Additional paid-in capital | 957M-2.5% | 982M-0.6% | 988M-5.4% | 1.04B+12.9% | 925M+9.2% | |
| Retained earnings | 729M+29.8% | 562M+23.6% | 454M+0.2% | 453M+0.7% | 450M+66.1% | |
| Treasury stock | 319M+1.2% | 315M-11.7% | 356M-19.3% | 442M+41.3% | 313M+8.0% | |
| Accumulated other comprehensive income | 2.73M+331.8% | -1.18M-31.9% | -894K+64.2% | -2.50M-159.2% | -964K-389.3% | |
| Non-controlling interest | 212M+12.7% | 188M-12.2% | 214M+7.0% | 200M+21.4% | 165M+70.3% | |
| Total equity incl. non-controlling | 1.58B+11.8% | 1.42B+8.9% | 1.30B+3.6% | 1.25B+2.2% | 1.23B+32.5% | |
| Total liabilities & equity | 2.59B+14.9% | 2.26B+5.4% | 2.14B-1.9% | 2.18B-15.0% | 2.57B+28.4% | |
| Common shares issued | 78.3M+0.0% | 78.2M+0.0% | 78.2M+0.0% | 78.2M+0.0% | 78.2M+0.0% | |
| Common shares outstanding | 67.5M+4.7% | 64.4M+6.0% | 60.8M+11.2% | 54.7M-3.2% | 56.5M+2.6% | |
| Shares outstanding (cover) | 71.3M+0.5% | 70.9M+0.3% | 70.7M-1.1% | 71.5M-1.6% | 72.7M-0.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 587M+87.3% | 313M+13.7% | 276M+222.6% | -225M-131.8% | 707M-9.3% | ||
| Depreciation & amortization | 17.4M+3.6% | 16.8M-6.1% | 17.9M+14.7% | 15.6M+23.8% | 12.6M+17.8% | |
| Intangible amortization | 10.00M-2.8% | 10.3M-47.1% | 19.4M+26.4% | 15.4M-48.9% | 30.1M-32.7% | |
| Share-based compensation | 124M+19.9% | 103M+10.2% | 93.8M-28.5% | 131M-23.5% | 171M+40.9% | |
| Deferred income taxes | 5.46M-68.1% | 17.1M+25.4% | 13.6M+141.1% | -33.2M+38.3% | -53.9M-38.3% | |
| -43.7M-37.4% | -31.8M-216.0% | -10.1M+92.1% | -127M-517.7% | -20.6M+95.3% | ||
| Acquisitions | 8.99M-44.7% | 16.3M | 0.00-100.0% | 96.5M | 0.00-100.0% | |
| -219M-21.1% | -181M+27.6% | -250M+0.2% | -250M-12.1% | -223M-154.8% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00-100.0% | 125M | 0.00-100.0% | 70.0M | |
| Net short-term debt | 5.00M+113.4% | -37.3M-224.5% | 30.0M | 0.00 | 0.00+100.0% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 125M+88.2% | 66.4M-6.0% | 70.7M-62.3% | 187M+168.0% | 69.9M+218.2% | |
| Dividends paid | 114M+54.8% | 73.7M-12.7% | 84.4M-21.5% | 108M+8.2% | 99.3M+252.7% | |
| FX effect on cash | — | — | — | -3.27M-801.4% | -363K-151.7% | |
| Net change in cash | 327M+227.4% | 99.7M+470.8% | 17.5M+102.9% | -605M-230.7% | 463M+79.5% | |
| Interest paid | 4.91M-13.8% | 5.69M-44.0% | 10.2M+7.2% | 9.48M-12.0% | 10.8M-25.6% | |
| Income taxes paid | 41.1M+277.0% | 10.9M-43.8% | 19.4M-77.3% | 85.4M-48.5% | 166M+474.3% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 6.05B+13.8% | 5.32B+71.7% | 3.10B+74.1% | 1.78B-29.5% | 2.52B+81.5% | |
| P/E | 21.5×-26.7% | 29.4×-32.1% | 43.3×+352.8% | 9.6×+5.5% | 9.1×-73.6% | |
| P/S | 3.2×-9.9% | 3.5×+45.6% | 2.4×+130.8% | 1.1×-15.0% | 1.2×+11.3% | |
| P/B | 4.4×+2.0% | 4.3×+44.7% | 3.0×+68.4% | 1.8×-25.1% | 2.4×+41.7% | |
| P/FCF | 16.5×+13.8% | 14.5×+71.7% | 8.5×+74.1% | 4.9×-29.5% | 6.9×+81.5% | |
| Earnings yield | 4.6%+36.4% | 3.4%+47.4% | 2.3%-77.9% | 10.5%-5.2% | 11.0%+278.9% | |
| FCF yield | 6.1%-12.2% | 6.9%-41.8% | 11.8%-42.6% | 20.6%+41.8% | 14.5%-44.9% | |
| Dividend yield | 1.7%+43.8% | 1.2%-44.1% | 2.1%-60.6% | 5.3%+39.1% | 3.8%+92.2% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: PIPR’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all PIPR filings on SEC EDGAR → Not investment advice.