Perella Weinberg Partners (PWP) financial statements
Perella Weinberg Partners reported revenue of $751M in fiscal 2025, up 5.9% a year over 6 years.
Net income was $35M and the operating margin 6.4%, against -29.1% in 2019.
Free cash flow was $30M, and the company returned $23M in dividends.
The diluted share count rose 9% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Perella Weinberg Partners's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $533M | $519M | $802M | $632M | $649M | $878M | $751M |
| Selling, general and admin | $1,319 | $1M | $17M | $20M | $20M | $23M | $18M |
| Operating income | -$155M | -$15M | $67M | -$48M | -$115M | -$79M | $48M |
| Interest expense | $15M | $16M | $8M | $276,000 | $276,000 | — | — |
| Pre-tax income | -$162M | -$21M | $23M | -$21M | -$113M | -$68M | $52M |
| Income tax | $2M | $3M | $19M | $10M | -$980,000 | $21M | $4M |
| Net income | -$1,319 | -$5M | -$9M | $18M | -$17M | -$65M | $35M |
| EPS (diluted) | — | — | -$0.66 | -$0.46 | -$1.33 | -$1.22 | $0.47 |
| Diluted shares | — | — | 93M | 90M | 87M | 53M | 101M |
| Operating margin | -29.1% | -2.8% | 8.3% | -7.6% | -17.7% | -8.9% | 6.4% |
| Net margin | -0.0% | -1.0% | -1.2% | 2.8% | -2.7% | -7.4% | 4.7% |
Balance sheet
Fiscal years, from Perella Weinberg Partners's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $10,762 | $329M | $503M | $312M | $338M | $407M | $256M |
| Total current assets | $10,762 | $1M | — | — | — | — | — |
| Property, plant and equipment | — | $17M | $10M | $48M | $94M | $85M | $77M |
| Goodwill | — | $34M | $34M | $34M | $34M | $34M | $73M |
| Total assets | $65,635 | $543M | $718M | $717M | $761M | $877M | $798M |
| Total current liabilities | $42,931 | $792,983 | — | — | — | — | — |
| Total liabilities | $42,931 | $469M | $447M | $457M | $493M | $647M | $537M |
| Shareholders' equity | $22,704 | $74M | $126M | $137M | $153M | -$421M | -$127M |
| Net debt | -$10,762 | -$329M | -$503M | -$172M | -$247M | -$332M | -$256M |
Cash flow
Fiscal years, from Perella Weinberg Partners's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$106M | $86M | $235M | -$18M | $146M | $223M | $35M |
| Capital spending | $7M | $6M | $1M | $27M | $58M | $16M | $4M |
| Free cash flow | -$114M | $80M | $233M | -$44M | $88M | $207M | $30M |
| Stock-based compensation | $193M | $25M | $97M | $156M | $184M | $189M | $110M |
| Dividends paid | $0 | $0 | $6M | $13M | $13M | $20M | $23M |
| Free cash flow margin | -21.3% | 15.5% | 29.1% | -7.0% | 13.6% | 23.6% | 4.1% |
| Dividends per share | — | — | $0.06 | $0.14 | $0.15 | $0.38 | $0.23 |
Questions
What was Perella Weinberg Partners's revenue in 2025?
$751M in fiscal 2025, from its 10-K filing.
How much free cash flow does Perella Weinberg Partners generate?
$30M in fiscal 2025 (operating cash flow minus capital spending).
From Perella Weinberg Partners's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.