PIPER SANDLER COMPANIES
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $1.8B | $1.5B | $1.3B | $1.4B | $2.0B |
| Pretax income | $374.5M | $218.4M | $122.6M | $134.4M | $441.5M |
| Income tax expense | $80.6M | $61.0M | $23.6M | $33.2M | $111.1M |
| Net income | $281.3M | $181.1M | $85.5M | $110.7M | $278.5M |
| Balance Sheet | |||||
| Cash and equivalents | — | — | — | — | $971.0M |
| Total assets | $2.6B | $2.3B | $2.1B | $2.2B | $2.6B |
| Total liabilities | $1.0B | $840.2M | $841.5M | $927.5M | $1.3B |
| Stockholders' equity | $1.4B | $1.2B | $1.1B | $1.1B | $1.1B |
| Cash Flow Statement | |||||
| Cash from operations | $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 repurchases | $125.0M | $66.4M | $70.7M | $187.3M | $69.9M |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 71.0M · Free float 96.9%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.