PIPR · XBRL financial data

Piper Sandler Companies financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (PIPR's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Revenue	292	474	344	341	361	485	359	399	480	667	475	496
Revenue from contracts with customers	—	year only	—	—	—	year only	378	395	—	year only	459	473
Income tax expense (benefit)	10	21	3	13	15	30	(7)	17	25	46*	20	30
Net income (loss)	4	52	42	35	35	69	65	42	60	114	65	68
Earnings per share, basic‡ USD per share	0.07	0.86	0.69	0.55	0.55	1.08	0.99	0.63	0.90	1.69	0.96	1.00
Earnings per share, diluted‡ USD per share	0.06	0.75	0.61	0.49	0.49	0.97	0.91	0.60	0.85	1.60	0.92	0.95
Weighted average shares, basic‡ millions of shares	60	61	62	64	64	64	66	67	67	67	68	68
Weighted average shares, diluted‡ millions of shares	69	69	70	71	71	71	71	71	71	71	71	71

‡ Per-share figures and share counts are adjusted for the 4-for-1 stock split (March 2026); filings made before it reported them unadjusted.

Fiscal quarters (PIPR's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Cash and cash equivalents	52	383	70	321	350	483	126	123	114	809	344	304
Property and equipment, net	63	61	58	57	56	59	67	77	78	77	75	78
Right-of-use asset	70	69	67	67	72	67	78	71	69	64	60	122
Goodwill	302	302	302	302	310	312	312	312	319	319	319	319
Total assets	1,965	2,141	1,822	1,920	2,032	2,256	1,821	1,959	2,220	2,593	2,130	2,327
Total liabilities	747	842	497	579	670	840	442	560	757	1,010	572	759
Retained earnings	413	454	461	481	505	562	556	581	630	729	681	734
Total stockholders' equity	1,034	1,085	1,101	1,126	1,167	1,228	1,213	1,230	1,283	1,371	1,342	1,373
Total liabilities and equity	1,965	2,141	1,822	1,920	2,032	2,256	1,821	1,959	2,220	2,593	2,130	2,327
Common shares outstanding (cover page)‡ millions of shares	71	71	71	71	71	71	71	71	71	71	71	71

‡ Per-share figures and share counts are adjusted for the 4-for-1 stock split (March 2026); filings made before it reported them unadjusted.

Fiscal quarters (PIPR's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Net income (loss)	4	52	42	35	35	69	65	42	60	114	65	68
Stock-based compensation	22*	31*	27	24*	21*	32*	31	21*	23*	48*	28	29*
Depreciation and amortization	—	year only	—	—	—	year only	—	—	—	year only	—	—
Net cash from operating activities	27*	423*	(197)	266*	80*	164*	(207)	32*	32*	730*	(292)	36*
Net cash from investing activities	(4)*	(2)*	(1)	(3)*	(19)*	(8)*	(11)	(14)*	(15)*	(3)*	(3)	(8)*
Share repurchases	4*	3*	52	5*	2*	6*	81	21*	4*	20*	70	31*
Dividends paid	10*	10*	36	15*	11*	13*	70	17*	12*	15*	101	14*
Repayments of long-term debt	—	year only	—	—	—	year only	—	—	—	year only	—	—
Net cash from financing activities	(38)*	(91)*	(114)	(12)*	(35)*	(19)*	(140)	(23)*	(25)*	(31)*	(169)	(68)*
Net change in cash	(15)*	331*	(313)	251*	29*	133*	(357)	(3)*	(9)*	695*	(465)	(40)*

SIC 6211 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6211 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Piper Sandler Companies	304	496	36*	70.7M	—	Q2 FY26 10-QJun 30, 2026
Miami International Holdings	699	376	23*	100.1M	—	Q3 FY26 10-QSep 30, 2026
Galaxy Digital	896	8,557	372*	not reported	—	Q2 FY26 10-QJun 30, 2026
Virtu Financial	1,069	1,190	117*	not reported	—	Q2 FY26 10-QJun 30, 2026
Freedom Holding	1,351	733	(342)	63.8M	4.0 quarters	Q1 FY27 10-QJun 30, 2026
Marketaxess Holdings	246	218	27*	35.2M	—	Q2 FY26 10-QJun 30, 2026
Jefferies Financial Group	16,884	1,752	2,591*	not reported	—	Q3 FY26 10-QAug 31, 2026
Sei Investments	400	662	218*	118.6M	—	Q3 FY26 10-QSep 30, 2026
Stifel Financial	1,629	1,001	801*	not reported	—	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.