PIPER SANDLER COMPANIES — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that PIPER SANDLER COMPANIES filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $666.99M | Feb 26, 2026 |
| FY2025 | Sep 30, 2025 | $480.09M | Feb 26, 2026 |
| FY2025 | Jun 30, 2025 | $398.58M | Feb 26, 2026 |
| FY2025 | Mar 31, 2025 | $358.55M | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $485.38M | Feb 26, 2026 |
| FY2025 | Sep 30, 2024 | $360.93M | Feb 26, 2026 |
| FY2025 | Jun 30, 2024 | $340.84M | Feb 26, 2026 |
| FY2025 | Mar 31, 2024 | $344.44M | Feb 26, 2026 |
| FY2024 | Dec 31, 2023 | $474.21M | Feb 27, 2025 |
| FY2024 | Sep 30, 2023 | $292.03M | Feb 27, 2025 |
Revenue
Revenue recognized from contracts with customers under ASC 606, excluding taxes collected on behalf of government authorities. This is the primary revenue concept for many companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.83B | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $1.51B | Feb 26, 2026 |
| FY2025 | Dec 31, 2023 | $1.30B | Feb 26, 2026 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $113.97M | Feb 26, 2026 |
| FY2025 | Sep 30, 2025 | $60.27M | Feb 26, 2026 |
| FY2025 | Jun 30, 2025 | $42.18M | Feb 26, 2026 |
| FY2025 | Mar 31, 2025 | $64.92M | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $69.06M | Feb 26, 2026 |
| FY2025 | Sep 30, 2024 | $34.79M | Feb 26, 2026 |
| FY2025 | Jun 30, 2024 | $34.77M | Feb 26, 2026 |
| FY2025 | Mar 31, 2024 | $42.49M | Feb 26, 2026 |
| FY2024 | Dec 31, 2023 | $52.03M | Feb 27, 2025 |
| FY2024 | Sep 30, 2023 | $3.88M | Feb 27, 2025 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $586.63M | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $313.26M | Feb 26, 2026 |
| FY2025 | Dec 31, 2023 | $275.63M | Feb 26, 2026 |
| FY2024 | Dec 31, 2022 | ($224.91M) | Feb 27, 2025 |
| FY2023 | Dec 31, 2021 | $707.09M | Feb 26, 2024 |
| FY2022 | Dec 31, 2020 | $779.77M | Feb 24, 2023 |
| FY2021 | Dec 31, 2019 | $67.80M | Feb 25, 2022 |
| FY2020 | Dec 31, 2018 | $509.80M | Feb 25, 2021 |
| FY2019 | Dec 31, 2017 | $203.00M | Feb 28, 2020 |
| FY2018 | Dec 31, 2016 | ($3.23M) | Feb 26, 2019 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2013 | Dec 31, 2013 | $5.48M | Feb 28, 2014 |
| FY2013 | Dec 31, 2012 | $2.13M | Feb 28, 2014 |
| FY2013 | Dec 31, 2011 | $7.65M | Feb 28, 2014 |
| FY2012 | Dec 31, 2010 | $11.75M | Feb 27, 2013 |
| FY2011 | Dec 31, 2009 | $3.65M | Feb 27, 2012 |
| FY2010 | Dec 31, 2008 | $2.39M | Feb 28, 2011 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $2.59B | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $2.26B | Feb 26, 2026 |
| FY2024 | Dec 31, 2023 | $2.14B | Feb 27, 2025 |
| FY2023 | Dec 31, 2022 | $2.18B | Feb 26, 2024 |
| FY2022 | Dec 31, 2021 | $2.57B | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | $2.00B | Feb 25, 2022 |
| FY2020 | Dec 31, 2019 | $1.63B | Feb 25, 2021 |
| FY2019 | Dec 31, 2018 | $1.35B | Feb 28, 2020 |
| FY2018 | Dec 31, 2017 | $2.02B | Feb 26, 2019 |
| FY2017 | Dec 31, 2016 | $2.13B | Feb 26, 2018 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.01B | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $840.16M | Feb 26, 2026 |
| FY2024 | Dec 31, 2023 | $841.51M | Feb 27, 2025 |
| FY2023 | Dec 31, 2022 | $927.53M | Feb 26, 2024 |
| FY2022 | Dec 31, 2021 | $1.34B | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | $1.07B | Feb 25, 2022 |
| FY2020 | Dec 31, 2019 | $822.19M | Feb 25, 2021 |
| FY2019 | Dec 31, 2018 | $614.85M | Feb 28, 2020 |
| FY2018 | Dec 31, 2017 | $1.28B | Feb 26, 2019 |
| FY2017 | Dec 31, 2016 | $1.31B | Feb 26, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.37B | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $1.23B | Feb 26, 2026 |
| FY2024 | Dec 31, 2023 | $1.09B | Feb 27, 2025 |
| FY2023 | Dec 31, 2022 | $1.05B | Feb 26, 2024 |
| FY2022 | Dec 31, 2021 | $1.06B | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | $829.43M | Feb 25, 2022 |
| FY2020 | Dec 31, 2019 | $731.28M | Feb 25, 2021 |
| FY2019 | Dec 31, 2018 | $677.44M | Feb 28, 2020 |
| FY2018 | Dec 31, 2017 | $693.33M | Feb 26, 2019 |
| FY2017 | Dec 31, 2016 | $759.25M | Feb 26, 2018 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $319.26M | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $312.02M | Feb 26, 2026 |
| FY2025 | Dec 31, 2023 | $301.76M | Feb 26, 2026 |
| FY2024 | Dec 31, 2022 | $301.15M | Feb 27, 2025 |
| FY2023 | Dec 31, 2021 | $227.51M | Feb 26, 2024 |
| FY2022 | Dec 31, 2020 | $227.51M | Feb 24, 2023 |
| FY2021 | Dec 31, 2019 | $87.65M | Feb 25, 2022 |
| FY2020 | Dec 31, 2018 | $81.86M | Feb 25, 2021 |
| FY2019 | Dec 31, 2017 | $81.86M | Feb 28, 2020 |
| FY2018 | Dec 31, 2016 | $196.22M | Feb 26, 2019 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $728.93M | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $561.75M | Feb 26, 2026 |
| FY2024 | Dec 31, 2023 | $454.36M | Feb 27, 2025 |
| FY2023 | Dec 31, 2022 | $453.31M | Feb 26, 2024 |
| FY2022 | Dec 31, 2021 | $450.17M | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | $271.00M | Feb 25, 2022 |
| FY2020 | Dec 31, 2019 | $258.67M | Feb 25, 2021 |
| FY2019 | Dec 31, 2018 | $182.55M | Feb 28, 2020 |
| FY2018 | Dec 31, 2017 | $176.27M | Feb 26, 2019 |
| FY2017 | Dec 31, 2016 | $257.19M | Feb 26, 2018 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2021 | Dec 31, 2021 | $970.97M | Feb 25, 2022 |
| FY2021 | Dec 31, 2020 | $507.94M | Feb 25, 2022 |
| FY2021 | Dec 31, 2019 | $250.02M | Feb 25, 2022 |
| FY2021 | Dec 31, 2018 | $50.36M | Feb 25, 2022 |
| FY2020 | Dec 31, 2017 | $33.79M | Feb 25, 2021 |
| FY2019 | Dec 31, 2016 | $70.37M | Feb 28, 2020 |
| FY2018 | Dec 31, 2015 | $189.91M | Feb 26, 2019 |
| FY2017 | Dec 31, 2014 | $15.87M | Feb 26, 2018 |
| FY2016 | Dec 31, 2013 | $123.68M | Feb 24, 2017 |
| FY2015 | Dec 31, 2012 | $105.37M | Feb 25, 2016 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2023 | Dec 31, 2023 | $0 | Feb 26, 2024 |
| FY2023 | Dec 31, 2022 | $125.00M | Feb 26, 2024 |
| FY2022 | Dec 31, 2021 | $125.00M | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | $195.00M | Feb 25, 2022 |
| FY2020 | Dec 31, 2019 | $175.00M | Feb 25, 2021 |
| FY2012 | Dec 31, 2012 | $0 | Feb 27, 2013 |
| FY2012 | Dec 31, 2011 | $115.00M | Feb 27, 2013 |
| FY2011 | Dec 31, 2010 | $125.00M | Feb 27, 2012 |
| FY2010 | Dec 31, 2009 | $0 | Feb 28, 2011 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 6 | Feb 26, 2026 |
| FY2025 | Sep 30, 2025 | 3 | Feb 26, 2026 |
| FY2025 | Jun 30, 2025 | 2 | Feb 26, 2026 |
| FY2025 | Mar 31, 2025 | 3 | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | 4 | Feb 26, 2026 |
| FY2025 | Sep 30, 2024 | 2 | Feb 26, 2026 |
| FY2025 | Jun 30, 2024 | 2 | Feb 26, 2026 |
| FY2025 | Mar 31, 2024 | 2 | Feb 26, 2026 |
| FY2024 | Dec 31, 2023 | 3 | Feb 27, 2025 |
| FY2024 | Sep 30, 2023 | 0 | Feb 27, 2025 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 6 | Feb 26, 2026 |
| FY2025 | Sep 30, 2025 | 3 | Feb 26, 2026 |
| FY2025 | Jun 30, 2025 | 2 | Feb 26, 2026 |
| FY2025 | Mar 31, 2025 | 3 | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | 3 | Feb 26, 2026 |
| FY2025 | Sep 30, 2024 | 1 | Feb 26, 2026 |
| FY2025 | Jun 30, 2024 | 1 | Feb 26, 2026 |
| FY2025 | Mar 31, 2024 | 2 | Feb 26, 2026 |
| FY2024 | Dec 31, 2023 | 3 | Feb 27, 2025 |
| FY2024 | Sep 30, 2023 | 0 | Feb 27, 2025 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 16.87M | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | 16.11M | Feb 26, 2026 |
| FY2024 | Dec 31, 2023 | 15.20M | Feb 27, 2025 |
| FY2023 | Dec 31, 2022 | 13.67M | Feb 26, 2024 |
| FY2022 | Dec 31, 2021 | 14.13M | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | 13.78M | Feb 25, 2022 |
| FY2020 | Dec 31, 2019 | 13.72M | Feb 25, 2021 |
| FY2019 | Dec 31, 2018 | 13.00M | Feb 28, 2020 |
| FY2018 | Dec 31, 2017 | 12.91M | Feb 26, 2019 |
| FY2017 | Dec 31, 2016 | 12.39M | Feb 26, 2018 |
Dividends Paid
Cash dividends distributed to common shareholders during the period. Shown as a positive value despite being a cash outflow in the SEC filing.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $114.15M | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $73.73M | Feb 26, 2026 |
| FY2025 | Dec 31, 2023 | $84.44M | Feb 26, 2026 |
| FY2024 | Dec 31, 2022 | $107.53M | Feb 27, 2025 |
| FY2023 | Dec 31, 2021 | $99.35M | Feb 26, 2024 |
| FY2022 | Dec 31, 2020 | $28.17M | Feb 24, 2023 |
| FY2021 | Dec 31, 2019 | $35.59M | Feb 25, 2022 |
| FY2020 | Dec 31, 2018 | $47.16M | Feb 25, 2021 |
| FY2019 | Dec 31, 2017 | $18.95M | Feb 28, 2020 |
| FY2018 | Dec 31, 2016 | $0 | Feb 26, 2019 |