Piper Sandler Companies (PIPR) — Financial statements
Income statement, balance sheet, and cash flow for Piper Sandler Companies — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,904↑28.6% | 1,481↑13.1% | 1,310↓5.3% | 1,383↓30.2% | 1,982 | |
| Cost of Revenue | 122↑2043.2% | 6↓44.0% | 10↑7.0% | 9↓11.7% | 11 | |
| Gross Profit | 1,782↑20.8% | 1,476↑13.5% | 1,300↓5.4% | 1,374↓30.3% | 1,972 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 1,227↑22.2% | 1,004↑11.9% | 897↓8.8% | 984↓24.6% | 1,305 | |
| Selling & Marketing Expenses | 47↑11.7% | 42↑11.9% | 38↓11.9% | 43↑105.0% | 21 | |
| SG&A Expenses | 1,274↑21.8% | 1,046↑11.9% | 935↓8.9% | 1,026↓22.6% | 1,326 | |
| Other Expenses | 123↓41.8% | 211↓13.1% | 242↑13.9% | 213↑4.3% | 204 | |
| Operating Expenses | 1,397↑11.1% | 1,257↑6.8% | 1,177↓5.0% | 1,239↓19.0% | 1,530 | |
| Total Costs & Expenses | 1,519↑20.3% | 1,263↑6.4% | 1,187↓4.9% | 1,249↓19.0% | 1,541 | |
| Operating Results | ||||||
| Operating Income | 386↑76.5% | 218↑78.2% | 123↓8.8% | 134↓69.6% | 442 | |
| Depreciation & Amortization | 27↑1.2% | 27↓27.6% | 37↑20.5% | 31↓27.4% | 43 | |
| EBITDA | 413↑68.2% | 245↑53.5% | 160↓3.3% | 165↓65.8% | 484 | |
| EBIT | 386↑76.5% | 218↑78.2% | 123↓8.8% | 134↓69.6% | 442 | |
| Interest & Other Income | ||||||
| Net Interest Income | 65↑139.9% | 27↑64.2% | 17↑52.3% | 11↑389.0% | -4 | |
| Interest Income | 70↑113.2% | 33↑23.1% | 27↑31.2% | 20↑192.3% | 7 | |
| Interest Expense | 5↓14.8% | 6↓44.0% | 10↑7.0% | 9↓11.7% | 11 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | -11 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 375↑71.5% | 218↑78.2% | 123↓8.8% | 134↓69.6% | 442 | |
| Income Tax Expense | 81↑32.2% | 61↑158.2% | 24↓28.9% | 33↓70.1% | 111 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 294↑86.7% | 157↑59.1% | 99↓2.2% | 101↓69.4% | 330 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 281↑55.3% | 181↑111.9% | 85↓22.8% | 111↓60.3% | 279 | |
| Bottom-Line Net Income | 281↑55.3% | 181↑111.9% | 85↓22.8% | 111↓60.3% | 279 | |
| EPS (Basic) | 4.22↑47.6% | 2.86↑100.0% | 1.43↓27.8% | 1.98↓59.4% | 4.88 | |
| EPS (Diluted) | 3.96↑54.7% | 2.56↑106.5% | 1.24↓23.9% | 1.63↓60.3% | 4.11 | |
| Weighted Average Shares | 67↑5.2% | 63↑5.9% | 60↑7.0% | 56↓2.0% | 57 | |
| Weighted Average Diluted Shares | 71↑0.5% | 71↑2.7% | 69↑1.5% | 68↑0.1% | 68 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.