Piper Sandler Companies
PIPR- Exchange
- NYSE
- Industry
- Security Brokers, Dealers & Flotation Companies
- SEC CIK
- 0001230245
In the last 90 days, Piper Sandler Companies insiders filed 0 open-market purchases and 1 sale; 424 institutions reported holding it in 13F filings for Q2 2026, worth $4.47B in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 8, 2026, 10:43 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 6, 2026 | Jan 31, 2025 | Feb 2, 2024 | Feb 3, 2023 | Feb 10, 2022 |
| Revenue | $1.90B | $1.53B | $1.36B | $1.44B | $2.04B |
| Income tax | $80.6M | $61.0M | $23.6M | $33.2M | $111.1M |
| Net income | $281.3M | $181.1M | $85.5M | $110.7M | $278.5M |
| EPS, basic | $16.89 | $11.44 | $5.72 | $7.92 | $19.52 |
| EPS, diluted | $15.82 | $10.24 | $4.96 | $6.52 | $16.43 |
| Weighted shares, basic | 16.7M | 15.8M | 15.0M | 14.0M | 14.3M |
| Weighted shares, diluted | 17.8M | 17.7M | 17.2M | 17.0M | 17.0M |
| Margins and growth | |||||
| Net margin | 14.8% | 11.8% | 6.3% | 7.7% | 13.6% |
| Revenue growth, year over year | +24.3% | +12.8% | −5.4% | −29.7% | +63.0% |
| Net income growth, year over year | +55.3% | +111.9% | −22.8% | −60.3% | +587.6% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 6, 2026 | Jan 31, 2025 | Feb 2, 2024 | Feb 3, 2023 | Feb 10, 2022 |
| Cash and equivalents | – | – | – | – | $971.0M |
| Property, plant and equipment | $77.3M | $59.4M | $60.8M | $68.2M | $51.8M |
| Goodwill | $319.3M | $312.0M | $301.8M | $301.2M | $227.5M |
| Intangible assets | $99.6M | $107.5M | $116.2M | $135.6M | $119.8M |
| Total assets | $2.59B | $2.26B | $2.14B | $2.18B | $2.57B |
| Short-term debt | $15.0M | $10.0M | $30.0M | – | – |
| Long-term debt | – | – | $0 | $125.0M | $125.0M |
| Total liabilities | $1.01B | $840.2M | $841.5M | $927.5M | $1.34B |
| Shareholders' equity | $1.58B | $1.42B | $1.30B | $1.25B | $1.23B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 6, 2026 | Jan 31, 2025 | Feb 2, 2024 | Feb 3, 2023 | Feb 10, 2022 |
| Operating cash flow | $586.6M | $313.3M | $275.6M | -$224.9M | $707.1M |
| Depreciation and amortization | $17.4M | $16.8M | $17.9M | $15.6M | $12.6M |
| Stock-based compensation | $123.9M | $103.4M | $93.8M | $131.2M | $171.4M |
| Dividends paid | $114.1M | $73.7M | $84.4M | $107.5M | $99.3M |
| Share buybacks | $125.0M | $66.4M | $70.7M | $187.3M | $69.9M |
| Investing cash flow | -$43.7M | -$31.8M | -$10.1M | -$127.1M | -$20.6M |
| Financing cash flow | -$218.7M | -$180.6M | -$249.6M | -$250.1M | -$223.1M |
| Net change in cash | $326.6M | $99.7M | $17.5M | -$605.3M | $463.0M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 6.5% | 6.7% | 6.9% | 9.1% | 8.4% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 29, 2026 | 70.3M | +297.3% | SEC |
| Jul 29, 2026 | 70.7M | +299.5% | SEC |
| Apr 30, 2026 | 71.0M | +300.1% | SEC |
| Feb 19, 2026 | 17.8M | +0.5% | SEC |
| Oct 28, 2025 | 17.7M | −0.5% | SEC |
| Jul 30, 2025 | 17.7M | 0.0% | SEC |
| May 1, 2025 | 17.8M | +0.3% | SEC |
| Feb 20, 2025 | 17.7M | +0.3% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits. Stock splits since Dec 31, 2020, from 13F share counts: 4-for-1 in Q1 2026.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.