PIPR · XBRL financial data

Piper Sandler Companies financial statements, every fiscal year

The same tables from 6 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 years (PIPR's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	1,253	2,042	1,435	1,358	1,532	1,904
Revenue from contracts with customers	—	—	—	1,301	1,507	1,834
Income tax expense (benefit)	19	111	33	24	61	81
Net income (loss)	41	279	111	85	181	281
Earnings per share, basic‡ USD per share	0.74	4.88	1.98	1.43	2.86	4.22
Earnings per share, diluted‡ USD per share	0.68	4.11	1.63	1.24	2.56	3.96
Weighted average shares, basic‡ millions of shares	55	57	56	60	63	67
Weighted average shares, diluted‡ millions of shares	60	68	68	69	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 years (PIPR's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	508	971	366	383	483	809
Property and equipment, net	44	52	68	61	59	77
Right-of-use asset	83	71	88	69	67	64
Goodwill	228	228	301	302	312	319
Total assets	1,997	2,565	2,182	2,141	2,256	2,593
Total liabilities	1,071	1,338	928	842	840	1,010
Retained earnings	271	450	453	454	562	729
Total stockholders' equity	829	1,062	1,054	1,085	1,228	1,371
Total liabilities and equity	1,997	2,565	2,182	2,141	2,256	2,593
Common shares outstanding (cover page)‡ millions of shares	73	73	72	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 years (PIPR's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	41	279	111	85	181	281
Stock-based compensation	122	171	131	94	103	124
Depreciation and amortization	11	13	16	18	17	17
Net cash from operating activities	780	707	(225)	276	313	587
Net cash from investing activities	(435)	(21)	(127)	(10)	(32)	(44)
Share repurchases	22	70	187	71	66	125
Dividends paid	28	99	108	84	74	114
Proceeds from long-term debt	0	0	—	—	—	—
Repayments of long-term debt	0	70	0	125	0	0
Net cash from financing activities	(88)	(223)	(250)	(250)	(181)	(219)
Net change in cash	258	463	(605)	17	100	327

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.