About Piper Sandler Companies
https://www.pipersandler.comPiper Sandler Companies operates as an investment bank and institutional securities firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. The company offers investment banking and institutional sales, trading, and research services for various equity and fixed income products.
CEO
Chad R. Abraham
Compensation Summary
(Year 2023)
ETFs Holding This Stock
XAW.TO
Weight:0.01%
Shares:986.14K
IJR.AX
Weight:0.40%
Shares:986.14K
VTS.AX
Weight:0.01%
Shares:529.66K
Summary
Showing Top 3 of 197
Ratings Snapshot
Rating : B+
Most Recent Analyst Grades
Goldman Sachs
Buy
Wolfe Research
Outperform
JMP Securities
Market Perform
Citizens Capital Markets
Market Perform
Grade Summary
Showing Top 4 of 4
Price Target
Institutional Ownership
BLACKROCK INC.
Shares:2.53M
Value:$953.3M
BLACKROCK, INC.
Shares:2.5M
Value:$942.46M
VANGUARD GROUP INC
Shares:2.11M
Value:$794.02M
Summary
Showing Top 3 of 470
About Piper Sandler Companies
https://www.pipersandler.comPiper Sandler Companies operates as an investment bank and institutional securities firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. The company offers investment banking and institutional sales, trading, and research services for various equity and fixed income products.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $462.37M ▲ | $354.13M ▲ | $60.27M ▲ | 13.03% ▲ | $3.61 ▲ | $114.24M ▲ |
| Q2-2025 | $393.88M ▲ | $343.15M ▲ | $42.18M ▼ | 10.71% ▼ | $2.53 ▼ | $55.15M ▲ |
| Q1-2025 | $347.92M ▼ | $317.2M ▼ | $64.92M ▼ | 18.66% ▲ | $3.96 ▼ | $35.72M ▼ |
| Q4-2024 | $467.97M ▲ | $384.56M ▲ | $69.06M ▲ | 14.76% ▲ | $4.3 ▲ | $89.26M ▲ |
| Q3-2024 | $349.73M | $292.75M | $34.79M | 9.95% | $2.19 | $62.34M |
What's going well?
Revenue is up sharply, and profits have more than doubled as costs grew much slower than sales. Margins are extremely high, and the company is showing strong cost discipline.
What's concerning?
General and administrative expenses remain high, and there is no reported spending on R&D, which could limit future innovation. Heavy reliance on a high-margin model may face risks if costs rise or competition increases.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $114M ▼ | $2.22B ▲ | $756.66M ▲ | $1.28B ▲ |
| Q2-2025 | $123.32M ▼ | $1.96B ▲ | $559.73M ▲ | $1.23B ▲ |
| Q1-2025 | $126.08M ▼ | $1.82B ▼ | $442.39M ▼ | $1.21B ▼ |
| Q4-2024 | $482.83M ▲ | $2.26B ▲ | $840.16M ▲ | $1.23B ▲ |
| Q3-2024 | $350.19M | $2.03B | $670.04M | $1.17B |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $82.48M ▲ | $31.91M ▼ | $-14.97M ▼ | $-25.23M ▼ | $-9.33M ▼ | $25.92M ▲ |
| Q2-2025 | $31.75M ▼ | $32.14M ▲ | $-14.22M ▼ | $-22.66M ▲ | $-2.76M ▲ | $17.93M ▲ |
| Q1-2025 | $36.77M ▼ | $-207.22M ▼ | $-11.15M ▼ | $-139.56M ▼ | $-356.75M ▼ | $-218.37M ▼ |
| Q4-2024 | $52.5M ▲ | $163.84M ▲ | $-8.47M ▲ | $-19.34M ▲ | $132.65M ▲ | $155.47M ▲ |
| Q3-2024 | $40.39M | $80.13M | $-18.64M | $-34.98M | $29.25M | $77.65M |
Revenue by Products
| Product | Q4-2024 | Q3-2025 | Q1-2025 | Q2-2025 |
|---|---|---|---|---|
 Advisory Services | $460.00M ▲ | $210.00M ▼ | $220.00M ▲ | $210.00M ▼ |
 Debt Financing | $0 ▲ | $40.00M ▲ | $30.00M ▼ | $40.00M ▲ |
 Equities Financing | $0 ▲ | $80.00M ▲ | $40.00M ▼ | $30.00M ▼ |
 Equity Sales and Trading | $110.00M ▲ | $50.00M ▼ | $50.00M ▲ | $60.00M ▲ |
 Fixed Income Sales and Trading | $100.00M ▲ | $60.00M ▼ | $50.00M ▼ | $50.00M ▲ |
Revenue by Geography
| Region | Q2-2014 | Q3-2014 | Q4-2014 | Q1-2014 |
|---|---|---|---|---|
 Europe | $0 ▲ | $10.00M ▲ | $0 ▼ | $0 ▲ |
 UNITED STATES | $170.00M ▲ | $150.00M ▼ | $150.00M ▲ | $170.00M ▲ |
CEO
Chad R. Abraham
Compensation Summary
(Year 2023)
ETFs Holding This Stock
XAW.TO
Weight:0.01%
Shares:986.14K
IJR.AX
Weight:0.40%
Shares:986.14K
VTS.AX
Weight:0.01%
Shares:529.66K
Summary
Showing Top 3 of 197
Ratings Snapshot
Rating : B+
Most Recent Analyst Grades
Goldman Sachs
Buy
Wolfe Research
Outperform
JMP Securities
Market Perform
Citizens Capital Markets
Market Perform
Grade Summary
Showing Top 4 of 4
Price Target
Institutional Ownership
BLACKROCK INC.
Shares:2.53M
Value:$953.3M
BLACKROCK, INC.
Shares:2.5M
Value:$942.46M
VANGUARD GROUP INC
Shares:2.11M
Value:$794.02M
Summary
Showing Top 3 of 470