Piper Sandler Companies financials
$64.72−9.72%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 |
|---|---|---|---|---|---|---|
| Revenue | $1.90B | $1.53B | $1.36B | $1.44B | $2.04B | $1.25B |
| Gross profit | $1.90B | $1.53B | $1.35B | $1.43B | $2.03B | $1.24B |
| Gross margin | 99.7% | 99.6% | 99.3% | 99.3% | 99.5% | 98.8% |
| Operating income | $374.5M | $218.4M | $122.6M | $134.4M | $441.5M | $68.5M |
| Net income | $281.3M | $181.1M | $85.5M | $110.7M | $278.5M | $40.5M |
| Net margin | 14.8% | 11.8% | 6.3% | 7.7% | 13.6% | 3.2% |
| Diluted EPS | $3.96 | $2.56 | $1.24 | $1.63 | $4.11 | $0.68 |
| EBITDA | $380.7M | $221.0M | $130.3M | $145.8M | $446.2M | $79.3M |
| Operating cash flow | $586.6M | $313.3M | $275.6M | -$224.9M | $707.1M | $779.8M |
| Free cash flow | $552.0M | $297.8M | $265.6M | -$255.5M | $686.5M | $762.2M |
| Diluted shares | 71.1M | 70.8M | 68.9M | 67.9M | 67.8M | 59.6M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $809.4M | $482.8M | $383.1M | $365.6M | $971.0M | $507.9M |
| Short-term investments | $322.5M | $282.0M | $298.0M | $285.7M | $252.0M | $183.2M |
| Total debt | $15.0M | $10.0M | $30.0M | $125.0M | $253.7M | $346.0M |
| Total assets | $2.59B | $2.26B | $2.14B | $2.18B | $2.57B | $2.00B |
| Total liabilities | $1.01B | $840.2M | $841.5M | $927.5M | $1.34B | $1.07B |
| Shareholders' equity | $1.58B | $1.42B | $1.30B | $1.25B | $1.23B | $926.1M |
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