Piper Sandler Companies (PIPR) financial statements
Piper Sandler Companies reported revenue of $1.9B in fiscal 2025, up 10.6% a year over 9 years.
Net income was $281M.
The diluted share count rose 39% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Piper Sandler Companies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $770M | $844M | $758M | $846M | $1.3B | $2.0B | $1.4B | $1.4B | $1.5B | $1.9B |
| Pre-tax income | -$31M | $79M | $72M | $119M | $69M | $442M | $134M | $123M | $218M | $375M |
| Income tax | -$17M | $30M | $18M | $25M | $19M | $111M | $33M | $24M | $61M | $81M |
| Net income | -$22M | -$62M | $57M | $112M | $41M | $279M | $111M | $85M | $181M | $281M |
| EPS (diluted) | -$0.43 | -$1.25 | $0.93 | $1.92 | $0.68 | $4.11 | $1.63 | $1.24 | $2.56 | $3.96 |
| Diluted shares | 51M | 52M | 54M | 56M | 60M | 68M | 68M | 69M | 71M | 71M |
| Net margin | -2.9% | -7.3% | 7.5% | 13.2% | 3.2% | 13.6% | 7.7% | 6.3% | 11.8% | 14.8% |
Balance sheet
Fiscal years, from Piper Sandler Companies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $70M | $34M | $50M | $250M | $508M | $971M | $366M | $383M | $483M | $809M |
| Property, plant and equipment | $25M | $25M | $32M | $30M | $44M | $52M | $68M | $61M | $59M | $77M |
| Goodwill | $196M | $82M | $82M | $88M | $228M | $228M | $301M | $302M | $312M | $319M |
| Total assets | $2.1B | $2.0B | $1.3B | $1.6B | $2.0B | $2.6B | $2.2B | $2.1B | $2.3B | $2.6B |
| Total liabilities | $1.3B | $1.3B | $615M | $822M | $1.1B | $1.3B | $928M | $842M | $840M | $1.0B |
| Shareholders' equity | $759M | $693M | $677M | $731M | $829M | $1.1B | $1.1B | $1.1B | $1.2B | $1.4B |
| Net debt | -$70M | -$34M | -$50M | -$250M | -$508M | -$971M | -$366M | -$383M | -$483M | -$809M |
Cash flow
Fiscal years, from Piper Sandler Companies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$3M | $203M | $510M | $68M | $780M | $707M | -$225M | $276M | $313M | $587M |
| Stock-based compensation | $56M | $40M | $44M | $32M | $122M | $171M | $131M | $94M | $103M | $124M |
| Dividends paid | $0 | $19M | $47M | $36M | $28M | $99M | $108M | $84M | $74M | $114M |
| Share buybacks (net) | -$71M | -$25M | -$71M | -$51M | -$22M | -$70M | -$187M | -$71M | -$66M | -$125M |
| Net borrowing | -$27M | -$129M | -$365M | $175M | -$50M | -$70M | $0 | -$95M | -$37M | $5M |
| Dividends per share | — | $0.36 | $0.88 | $0.64 | $0.47 | $1.46 | $1.58 | $1.23 | $1.04 | $1.60 |
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What was Piper Sandler Companies's revenue in 2025?
$1.9B in fiscal 2025, from its 10-K filing.
From Piper Sandler Companies's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.