PWP financial statements
The full income statement, balance sheet, and cash-flow statement for Perella Weinberg Partners (PWP), 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)
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.
| 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 | 751M-14.5% | 878M+35.4% | 649M+2.7% | 632M-21.2% | 802M+54.5% | |
| 703M-26.5% | 957M+25.2% | 764M+12.4% | 679M-7.6% | 735M+37.8% | ||
| Selling, general & administrative | 18.0M-21.2% | 22.8M+13.5% | 20.1M-0.6% | 20.2M+19.0% | 17.0M+1556.6% | |
| General & administrative | 18.0M-21.2% | 22.8M+13.5% | 20.1M-0.6% | 20.2M+19.0% | 17.0M+12.8% | |
| Amortization of intangibles | 7.20M+9.1% | 6.60M+0.0% | 6.60M+0.0% | 6.60M+0.0% | 6.60M+0.0% | |
| Provision for credit losses | 1.68M-70.7% | 5.75M+148.5% | 2.31M+7.2% | 2.16M+234.1% | 646K-78.4% | |
| Operating income | 48.0M+161.1% | -78.5M+31.8% | -115M-141.1% | -47.7M-171.7% | 66.6M+556.2% | |
| Interest expense | — | — | 276K+0.0% | 276K-96.4% | 7.61M-51.7% | |
| Other non-operating income | 3.50M-65.9% | 10.3M+350.7% | 2.28M-71.4% | 7.98M+948.4% | 761K+311.4% | |
| Pre-tax income | 51.5M+175.5% | -68.3M+39.5% | -113M-426.7% | -21.4M-193.3% | 22.9M+209.9% | |
| Income tax | 3.51M-83.3% | 21.1M+2251.9% | -980K-109.5% | 10.3M-45.4% | 18.9M+448.1% | |
| 35.5M+154.8% | -64.7M-275.8% | -17.2M-196.3% | 17.9M+289.8% | -9.42M+61.3% | ||
| Net income to non-controlling interest | 12.5M+150.9% | -24.6M+74.0% | -94.6M-90.7% | -49.6M-469.1% | 13.4M | |
| $0.47+138.5% | -$1.22+8.3% | -$1.33-189.1% | -$0.46+30.3% | -$0.66 | ||
| EPS (basic) | $0.55+145.1% | -$1.22-205.0% | -$0.40-197.6% | $0.41+286.4% | -$0.22 | |
| Weighted-avg shares (basic) | 64.2M+20.7% | 53.2M+22.9% | 43.3M-1.3% | 43.8M+2.9% | 42.6M | |
| Weighted-avg shares (diluted) | 101M+89.6% | 53.2M-38.7% | 86.8M-3.3% | 89.8M-3.2% | 92.7M | |
| Dividends per share | $0.23-40.4% | $0.38+151.7% | $0.15+5.9% | $0.14+121.5% | $0.06 | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 256M-22.8% | 332M+34.1% | 247M+44.1% | 172M-65.9% | 503M+52.8% | |
| Short-term investments | 0.00-100.0% | 75.8M-16.8% | 91.2M-34.9% | 140M | 0.00 | |
| 798M-9.0% | 877M+15.2% | 761M+6.1% | 717M-0.2% | 718M+32.3% | ||
| Property, plant & equipment | 77.2M-9.0% | 84.9M-9.4% | 93.7M+93.5% | 48.4M+367.0% | 10.4M-39.7% | |
| Operating lease right-of-use | 138M-0.8% | 140M-3.0% | 144M-6.4% | 154M+285.1% | 39.9M-25.3% | |
| Goodwill | 72.7M+111.4% | 34.4M+0.0% | 34.4M+0.0% | 34.4M+0.0% | 34.4M+0.0% | |
| Intangible assets | 12.5M-0.7% | 12.6M-34.3% | 19.2M-25.5% | 25.8M-20.3% | 32.4M-16.9% | |
| Deferred tax assets | 130M+39.4% | 93.0M+100.1% | 46.5M+40.4% | 33.1M+56.9% | 21.1M+1637.3% | |
| 537M-17.0% | 647M+31.3% | 493M+7.9% | 457M+2.2% | 447M-4.6% | ||
| Long-term debt | — | — | — | — | 0.00-100.0% | |
| Operating lease liability (total) | 186M-0.7% | 187M+6.5% | 176M+6.2% | 166M+281.1% | 43.4M-25.4% | |
| -127M+69.8% | -421M-376.0% | 153M+11.1% | 137M+8.8% | 126M+70.3% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Additional paid-in capital | 144M | 0.00-100.0% | 313M+29.1% | 242M+53.1% | 158M+1464.8% | |
| Retained earnings | -131M+57.0% | -304M-455.7% | -54.6M-202.4% | -18.1M+0.0% | -18.1M | |
| Treasury stock | 138M+24.2% | 111M+10.7% | 101M+25.8% | 80.1M+567.2% | 12.0M | |
| Accumulated other comprehensive income | -2.52M+59.3% | -6.19M-38.2% | -4.48M+31.5% | -6.54M-274.5% | -1.75M+24.9% | |
| Non-controlling interest | — | 0.00-100.0% | 116M-5.8% | 123M-15.4% | 145M | |
| Total equity incl. non-controlling | -127M+69.8% | -421M-257.1% | 268M+3.1% | 260M-4.1% | 271M+265.8% | |
| Total liabilities & equity | 798M-9.0% | 877M+15.2% | 761M+6.1% | 717M-0.2% | 718M+32.3% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 34.8M-84.4% | 223M+53.1% | 146M+920.8% | -17.8M-107.6% | 235M+173.4% | ||
| Depreciation & amortization | 20.8M+2.2% | 20.4M+38.8% | 14.7M+37.3% | 10.7M-26.2% | 14.5M-6.7% | |
| Intangible amortization | 7.20M+9.1% | 6.60M+0.0% | 6.60M+0.0% | 6.60M+0.0% | 6.60M+0.0% | |
| Share-based compensation | 110M-41.5% | 189M+2.4% | 184M+17.9% | 156M+61.2% | 97.0M+291.0% | |
| Deferred income taxes | 2.45M+199.9% | -2.46M-18.6% | -2.07M+24.5% | -2.74M+24.9% | -3.65M-519.9% | |
| Change in receivables | -12.2M-137.2% | 32.8M+274.7% | -18.8M-177.2% | 24.3M+241.5% | 7.13M+125.9% | |
| 51.7M+52895.9% | -98.0K+98.3% | -5.82M+96.5% | -166M-6712.7% | -2.44M+55.8% | ||
| Capital expenditure | 4.31M-73.7% | 16.4M-71.6% | 57.6M+116.9% | 26.6M+1716.7% | 1.46M-73.5% | |
| Free cash flow | 30.5M-85.3% | 207M+134.4% | 88.3M+299.1% | -44.3M-119.0% | 233M+190.4% | |
| Acquisitions | 18.9M | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other investing activities | 0.00 | 0.00+100.0% | -488K-197.6% | 500K-48.9% | 978K | |
| -169M-22.8% | -137M-104.8% | -67.0M+51.0% | -137M-148.6% | -55.0M-150.2% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00-100.0% | 66.0M | 0.00-100.0% | 35.2M | 0.00 | |
| Common stock repurchased | 33.7M+124.4% | 15.0M-33.3% | 22.5M-67.1% | 68.5M+470.4% | 12.0M | |
| Dividends paid | 22.9M+13.0% | 20.3M+54.3% | 13.1M+2.4% | 12.8M+114.4% | 5.99M | |
| Other financing activities | 0.00+100.0% | -2.28M | 0.00 | 0.00 | 0.00 | |
| FX effect on cash | 6.32M+289.1% | -3.34M-215.6% | 2.89M+129.4% | -9.84M-174.8% | -3.58M-160.4% | |
| Net change in cash | -75.7M-191.6% | 82.7M+8.9% | 75.9M+123.0% | -331M-290.2% | 174M+170.3% | |
| Interest paid | — | — | 127K+0.0% | 127K-97.7% | 5.51M-53.2% | |
| Income taxes paid | 9.24M-10.2% | 10.3M+125.1% | 4.57M-82.4% | 26.0M+107.2% | 12.5M+459.6% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 3.09B+142.6% | 1.27B+20.1% | 1.06B+23.2% | 860M-27.9% | 1.19B | |
| P/E | 87.1× | — | — | 45.5× | — | |
| P/S | 4.1×+183.6% | 1.5×-15.3% | 1.7×+28.8% | 1.3×-10.7% | 1.5× | |
| P/B | — | — | 7.3×+19.6% | 6.1×-34.9% | 9.4× | |
| P/FCF | 101.3×+1547.5% | 6.2×-97.3% | 230.4×-68.6% | 734.3×+14274.3% | 5.1× | |
| Earnings yield | 1.1% | — | — | 2.2% | — | |
| FCF yield | 0.99%-93.9% | 16.3%+3646.0% | 0.43%+218.7% | 0.14%-99.3% | 19.6% | |
| Dividend yield | 1.3%-17.9% | 1.6%+29.1% | 1.2%-15.2% | 1.5%+190.7% | 0.50% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K/A |
About this data
Source: PWP’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 PWP filings on SEC EDGAR → Not investment advice.
