Piper Sandler Companies (PIPR) Financial Statements
Industry: Security Brokers, Dealers & Flotation Companies
In fiscal 2025, Piper Sandler Companies reported revenue of $1.90B, up 24.3% from $1.53B the year before. Net income was $281.3M (a 14.8% net margin), or $3.96 per diluted share. Gross margin was 100.0% and operating margin was 100.0%. Operating activities generated $586.6M of cash. At fiscal year end, Piper Sandler Companies held $2.59B in total assets against $1.01B in total liabilities.
Open the full interactive Piper Sandler Companies financials → Quarterly statements, key ratios, valuation history and price charts.
Piper Sandler Companies Key Stats
| Share Price | $63.87 |
|---|---|
| Market Cap | $4.55B |
| P/E Ratio | 16.1 |
| Revenue YoY Growth | +24.3% |
| 52-Week Range | $63.79 – $92.26 |
| Shares Outstanding | 67.7 million (basic, 2026 Q2) |
Piper Sandler Companies Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.25B | $2.04B | $1.44B | $1.36B | $1.53B | $1.90B |
| Cost of Goods Sold | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $1.25B | $2.04B | $1.44B | $1.36B | $1.53B | $1.90B |
| Operating Income | $1.25B | $2.04B | $1.44B | $1.36B | $1.53B | $1.90B |
| Pre-Tax Income | $68.5M | $441.5M | $134.4M | $122.6M | $218.4M | $374.5M |
| Income Tax | $19.2M | $111.1M | $33.2M | $23.6M | $61.0M | $80.6M |
| Net Income | $40.5M | $278.5M | $110.7M | $85.5M | $181.1M | $281.3M |
| Diluted EPS | $0.68 | $4.11 | $1.63 | $1.24 | $2.56 | $3.96 |
Piper Sandler Companies Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $480.1M | $667.0M | $475.1M | $496.3M |
| Net Income | $60.3M | $114.0M | $65.2M | $67.8M |
| Diluted EPS | $0.84 | $6.41 | $0.92 | $0.95 |
Piper Sandler Companies Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $507.9M | $971.0M | — | — | — | — |
| Current Assets | — | — | — | — | -$4.1M | $2.6M |
| Total Assets | $2.00B | $2.57B | $2.18B | $2.14B | $2.26B | $2.59B |
| Total Long-Term Debt | $195.0M | $125.0M | $125.0M | — | — | — |
| Total Liabilities | $1.07B | $1.34B | $927.5M | $841.5M | $840.2M | $1.01B |
| Shareholders' Equity | $829.4M | $1.06B | $1.05B | $1.09B | $1.23B | $1.37B |
Piper Sandler Companies Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $779.8M | $707.1M | -$224.9M | $275.6M | $313.3M | $586.6M |
| Cash From Investing | -$435.0M | -$20.6M | -$127.1M | -$10.1M | -$31.8M | -$43.7M |
| Cash From Financing | -$87.6M | -$223.1M | -$250.1M | -$249.6M | -$180.6M | -$218.7M |
Figures from Piper Sandler Companies' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Piper Sandler Companies financials page for every line item.
Piper Sandler Companies Company Profile
| Ticker | PIPR |
|---|---|
| Exchange | NYSE |
| Industry | Security Brokers, Dealers & Flotation Companies |
| Headquarters | Minneapolis, Minnesota |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001230245 |
Frequently Asked Questions
What was Piper Sandler Companies' revenue in fiscal 2025?
Piper Sandler Companies (PIPR) reported revenue of $1.90B for fiscal 2025.
What is Piper Sandler Companies' annual revenue history?
Piper Sandler Companies' annual revenue by fiscal year: 2020: $1.25B; 2021: $2.04B; 2022: $1.44B; 2023: $1.36B; 2024: $1.53B; 2025: $1.90B.
What was Piper Sandler Companies' net income in fiscal 2025?
Piper Sandler Companies reported net income of $281.3M for fiscal 2025.
What was Piper Sandler Companies' earnings per share (EPS) in fiscal 2025?
Piper Sandler Companies' diluted EPS was $3.96 for fiscal 2025 (adjusted for any later stock splits).
What was Piper Sandler Companies' revenue last quarter?
In its most recent reported quarter (2026 Q2), Piper Sandler Companies reported revenue of $496.3M.
How many shares of Piper Sandler Companies are outstanding?
Piper Sandler Companies reported a weighted average of 67.7 million basic shares outstanding in 2026 Q2.
What is Piper Sandler Companies' market cap?
Based on its latest closing price, Piper Sandler Companies (PIPR) has a market capitalization of about $4.55B.
When does Piper Sandler Companies' fiscal year end?
Piper Sandler Companies' fiscal year end, as registered with the SEC, is December 31.
Where is Piper Sandler Companies headquartered?
Piper Sandler Companies lists its business address in Minneapolis, Minnesota in its SEC filings.
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