FY2025 · ended Dec 31, 2025 · Revenue $1.83B, +19.7% YoY · Filed Feb 26, 2026
Piper Sandler Companies (PIPR) files with the SEC under industry code 6211, Security Brokers, Dealers & Flotation Companies. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $1.8 billion and net income of $281.3 million. As of Jun 30, 2026 it held $304.2 million in cash and investments and $175.0 million in total debt.
Revenue (TTM)
$1.99B
+24.9% vs year-ago TTM
Net income (TTM)
$307.32M
+45.7% vs year-ago TTM
Operating cash flow (TTM)
$506.24M
+634.9% vs year-ago TTM
Free cash flow
—
EPS (TTM)
$17.18
+259.4% vs year-ago TTM
Dividend per share (TTM)
$6.25
+162.6% vs year-ago TTM
Shares outstanding
17.82M
+0.5% vs prior year
Net cash
$129.22M
as of Jun 30, 2026
Operating margin
—
Company profile
- Industry
- Security Brokers, Dealers & Flotation Companies (SIC 6211)
- Listed as
- PIPR (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Minneapolis, MN
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1230245
- Former names
- PIPER JAFFRAY COMPANIES (until Jan 2, 2020)
Other Security Brokers, Dealers & Flotation Companies companies
- Morgan Stanley MS
- Goldman Sachs Group Inc GS
- BlackRock, Inc. BLK
- Schwab Charles Corp SCHW
- Interactive Brokers Group, Inc. IBKR
- Robinhood Markets, Inc. HOOD
- Raymond James Financial Inc RJF
- Nomura Holdings Inc NMR
All 34 Security Brokers, Dealers & Flotation Companies companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.5B | $1.4B | $1.4B | $2.0B |
| Net income | $281.3M | $181.1M | $85.5M | $110.7M | $278.5M |
| Diluted EPS | $15.82 | $10.24 | $4.96 | $6.52 | $16.43 |
| Operating cash flow | $586.6M | $313.3M | $275.6M | -$224.9M | $707.1M |
| 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 and investments | $809.4M | $482.8M | $383.1M | $365.6M | — |
| Total debt | $116.4M | $98.8M | $123.7M | $234.8M | $214.6M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Results of operations
|
Oct 30, 2026 | Oct 30, 2026 |
| 8-K |
Current report
Officer or director change, Regulation FD disclosure
|
Sep 22, 2026 | Sep 22, 2026 |
| 10-Q | Quarterly report | Aug 5, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Jul 30, 2026 | Jul 30, 2026 |
| 8-K |
Current report
Shareholder vote results
|
May 21, 2026 | May 20, 2026 |
| 10-Q | Quarterly report | May 7, 2026 | Mar 31, 2026 |
All 1005 Piper Sandler Companies SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.