PIPR · Piper Sandler Companies - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $475.14M | - | $480.09M | $398.58M | $358.55M | - | $360.93M | $340.84M | $344.44M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $4.73M | - | - | - | $4.21M | - | - | - | $4.26M | - |
| Operating Income | $87.93M | - | $107.43M | $48.92M | $29.43M | - | $55.62M | $28.25M | $52.42M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $19.62M | - | $24.95M | $17.17M | ($7.33M) | - | $15.22M | $13.28M | $2.84M | - |
| Net Income | $65.24M | - | $60.27M | $42.18M | $64.92M | - | $34.79M | $34.77M | $42.49M | - |
| EPS - Basic | $0.96 | - | $0.90 | $0.63 | $0.99 | - | $0.55 | $0.55 | $0.69 | - |
| EPS - Diluted | $0.92 | - | $0.84 | $0.59 | $0.91 | - | $0.49 | $0.49 | $0.61 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $344.43M | $809.41M | $114.00M | $123.32M | $126.08M | $482.83M | $350.19M | $320.94M | $69.96M | $383.10M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $2.13B | $2.59B | $2.22B | $1.96B | $1.82B | $2.26B | $2.03B | $1.92B | $1.82B | $2.14B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | $0 |
| Total Liabilities | $572.20M | $1.01B | $756.66M | $559.73M | $442.39M | $840.16M | $670.04M | $579.25M | $497.42M | $841.51M |
| Stockholders' Equity | $1.34B | $1.37B | $1.28B | $1.23B | $1.21B | $1.23B | $1.17B | $1.13B | $1.10B | $1.09B |
| Retained Earnings | $680.54M | $728.93M | $629.83M | $581.50M | $556.40M | $561.75M | $505.30M | $481.18M | $461.19M | $454.36M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($291.72M) | - | - | - | ($207.22M) | - | - | - | ($197.19M) | - |
| Investing Cash Flow | ($3.31M) | - | - | - | ($11.15M) | - | - | - | ($1.27M) | - |
| Financing Cash Flow | ($168.92M) | - | - | - | ($139.56M) | - | - | - | ($114.36M) | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 18.5% | - | 22.4% | 12.3% | 8.2% | - | 15.4% | 8.3% | 15.2% | - |
| EBITDA margin | 19.5% | - | - | - | 9.4% | - | - | - | 16.5% | - |
| Net margin | 13.7% | - | 12.6% | 10.6% | 18.1% | - | 9.6% | 10.2% | 12.3% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 23.1% | - | 29.3% | 28.9% | -12.7% | - | 30.4% | 27.6% | 6.3% | - |
| Return on assets | 3.1% | - | 2.7% | 2.2% | 3.6% | - | 1.7% | 1.8% | 2.3% | - |
| Return on equity | 4.9% | - | 4.7% | 3.4% | 5.3% | - | 3.0% | 3.1% | 3.9% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | 0.00 |
| Debt / Assets | - | - | - | - | - | - | - | - | - | 0.00 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.59 | 1.89 | 1.73 | 1.59 | 1.50 | 1.84 | 1.74 | 1.70 | 1.66 | 1.97 |
| Liabilities / Assets | 0.27 | 0.39 | 0.34 | 0.29 | 0.24 | 0.37 | 0.33 | 0.30 | 0.27 | 0.39 |
| Efficiency | ||||||||||
| Asset turnover | 0.22 | - | 0.22 | 0.20 | 0.20 | - | 0.18 | 0.18 | 0.19 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 83.2x | - | 102.7x | 116.8x | 67.9x | - | 144.8x | 116.8x | 81.7x | - |
| P / B | 4.1x | - | 1.2x | 1.0x | 0.9x | - | 1.1x | 0.9x | 0.8x | - |
| P / S | 11.5x | - | 3.2x | 3.1x | 3.1x | - | 3.5x | 3.0x | 2.5x | - |
| EV / EBITDA | 55.1x | - | - | - | 29.0x | - | - | - | 14.1x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 32.5% | - | 33.0% | 16.9% | 4.1% | - | 23.6% | 17.0% | 14.6% | - |
| Revenue CAGR (3y) | 16.5% | - | 12.8% | 4.0% | 0.5% | - | -7.0% | -12.6% | -7.2% | - |
| Revenue CAGR (5y) | 2.0% | - | 9.3% | 6.1% | 8.3% | - | 12.2% | 14.2% | 12.1% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 198.7% | - | 93.2% | 73.2% | -43.9% | - | - | 96.4% | 103.1% | - |
| Net income growth (YoY) | 0.5% | - | 73.2% | 21.3% | 52.8% | - | 797.1% | 779.4% | 65.8% | - |
| EPS growth (YoY) | 0.8% | - | 72.4% | 20.8% | 50.2% | - | 122.7% | 114.1% | -59.2% | - |
| EPS CAGR (3y) | -14.8% | - | -1.0% | -22.1% | -24.5% | - | -43.2% | -50.7% | -41.3% | - |
| EPS CAGR (5y) | -21.1% | - | 1.6% | 42.9% | - | - | -30.4% | -7.3% | -14.4% | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 10.6% | 11.7% | 9.9% | 9.2% | 10.3% | 13.1% | 12.9% | 9.1% | 6.1% | 3.0% |
Peer comparison
Same SIC group: Security Brokers, Dealers & Flotation Companies
Comparing PIPER SANDLER COMPANIES against the 5 most active filers in the same SIC group.
Dividends
$1.98/share trailing 12 months · +41.1% YoY
| Ex-date | Per share |
|---|---|
| May 29, 2026 | $0.2000 |
| Mar 3, 2026 | $1.4250 |
| Nov 25, 2025 | $0.1750 |
| Aug 29, 2025 | $0.1750 |
| May 30, 2025 | $0.1625 |
| Mar 4, 2025 | $0.9125 |
| Nov 22, 2024 | $0.1625 |
| Aug 29, 2024 | $0.1625 |
| May 23, 2024 | $0.1500 |
| Mar 1, 2024 | $0.4000 |
| Nov 20, 2023 | $0.1500 |
| Aug 24, 2023 | $0.1500 |
| May 25, 2023 | $0.1500 |
| Mar 2, 2023 | $0.4625 |
| Nov 22, 2022 | $0.1500 |
| Aug 25, 2022 | $0.1500 |
| May 26, 2022 | $0.1500 |
| Mar 1, 2022 | $1.2750 |
| Nov 22, 2021 | $0.8875 |
| Aug 26, 2021 | $0.1375 |
| May 27, 2021 | $0.1125 |
| Mar 2, 2021 | $0.5625 |
| Nov 23, 2020 | $0.0938 |
| Aug 27, 2020 | $0.0750 |