Piper Sandler Companies financials
$64.72−9.72%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $496.3M | $475.1M | $667.0M | $480.1M | $398.6M | $358.6M | $485.4M | $360.9M | $340.8M | $344.4M | $474.2M | $292.0M |
| Gross profit | $495.5M | $474.4M | $666.0M | $479.3M | $396.8M | $357.3M | $484.1M | $359.6M | $339.2M | $343.1M | $471.9M | $289.5M |
| Gross margin | 99.9% | 99.8% | 99.9% | 99.8% | 99.5% | 99.6% | 99.7% | 99.6% | 99.5% | 99.6% | 99.5% | 99.1% |
| Operating income | $100.4M | $87.9M | $188.8M | $107.4M | $48.9M | $29.4M | $82.1M | $55.6M | $28.2M | $52.4M | $85.8M | -$3.5M |
| Net income | $67.8M | $65.2M | $114.0M | $60.3M | $42.2M | $64.9M | $69.1M | $34.8M | $34.8M | $42.5M | $52.0M | $3.9M |
| Net margin | 13.7% | 13.7% | 17.1% | 12.6% | 10.6% | 18.1% | 14.2% | 9.6% | 10.2% | 12.3% | 11.0% | 1.3% |
| Diluted EPS | $0.95 | $0.92 | — | $0.84 | $0.59 | $0.91 | $0.97 | $0.49 | $0.49 | $0.61 | $0.75 | $0.06 |
| EBITDA | $100.4M | $87.9M | $188.9M | $108.5M | $53.9M | $29.4M | $83.0M | $56.4M | $29.2M | $52.4M | $93.6M | -$3.5M |
| Operating cash flow | $36.3M | -$291.7M | $729.8M | $31.9M | $32.1M | -$207.2M | $163.8M | $80.1M | $266.5M | -$197.2M | $423.0M | $27.3M |
| Free cash flow | $28.5M | -$293.9M | $726.5M | $25.9M | $17.9M | -$218.4M | $155.5M | $77.7M | $263.1M | -$198.5M | $421.2M | $23.7M |
| Diluted shares | 71.2M | 71.2M | — | 71.2M | 70.9M | 71.2M | 71.5M | 71.1M | 70.5M | 70.0M | 69.5M | 69.0M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $304.2M | $344.4M | $809.4M | $114.0M | $123.3M | $126.1M |
| Short-term investments | $307.2M | $311.1M | $322.5M | $284.8M | $265.2M | $261.6M |
| Total debt | $15.0M | $15.0M | $15.0M | $15.0M | $15.0M | $15.0M |
| Total assets | $2.33B | $2.13B | $2.59B | $2.22B | $1.96B | $1.82B |
| Total liabilities | $759.4M | $572.2M | $1.01B | $756.7M | $559.7M | $442.4M |
| Shareholders' equity | $1.57B | $1.56B | $1.58B | $1.46B | $1.40B | $1.38B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology