Piper Sandler Companies (PIPR) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 456.39M | 635.18M | 461.55M | 392.08M | 346.64M | 466.69M | 348.37M | 334.66M | 331.8M | 458.49M | 277.97M | 283.87M | 286.98M | 375.94M | 318.58M | 337.99M | 341.07M | 632.93M | 430.95M | 495.73M |
| Gross Margin % | 96.05% | 95.23% | 99.82% | 99.54% | 99.63% | 99.73% | 99.61% | 99.5% | 99.58% | 99.49% | 99.09% | 99.09% | 99.09% | 99.4% | 99.18% | 99.31% | 99.36% | 99.59% | 99.38% | 99.46% |
| Gross Profit Growth % | 31.66% | 36.1% | 32.49% | 17.16% | 4.47% | 1.79% | 25.33% | 17.89% | 15.62% | 21.96% | -12.75% | -16.01% | -15.86% | -40.6% | -26.08% | -31.82% | -17.22% | 60.76% | 50.41% | 79.01% |
| Operating Expenses | 367.72M | 445.37M | 354.13M | 343.15M | 317.2M | 384.56M | 292.75M | 306.42M | 279.38M | 372.65M | 281.42M | 269.49M | 261.17M | 333.27M | 299.68M | 300.83M | 305.43M | 464.05M | 355.24M | 381.67M |
| OpEx % of Revenue | 77.39% | 66.77% | 76.59% | 87.12% | 91.17% | 82.18% | 83.71% | 91.11% | 83.85% | 80.86% | 100.32% | 94.07% | 90.18% | 88.12% | 93.29% | 88.39% | 88.98% | 73.02% | 81.92% | 76.58% |
| Selling, General & Admin | 0 | 0 | 299.05M | 270.03M | 261.93M | 325.72M | 241.41M | 246.08M | 233.21M | 309.23M | 215.96M | 200.13M | 209.45M | 273.02M | 244.67M | 252.16M | 256.53M | 405.9M | 307.41M | 330.37M |
| SG&A % of Revenue | - | - | 64.68% | 68.56% | 75.29% | 69.6% | 69.03% | 73.17% | 69.99% | 67.1% | 76.99% | 69.86% | 72.32% | 72.19% | 76.17% | 74.09% | 74.73% | 63.87% | 70.89% | 66.28% |
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 88.67M | 189.81M | 107.43M | 48.92M | 29.43M | 82.13M | 55.62M | 28.25M | 52.42M | 85.85M | -3.45M | 14.38M | 25.81M | 42.67M | 18.9M | 37.16M | 35.64M | 168.88M | 75.71M | 114.06M |
| Operating Margin % | 18.66% | 28.46% | 23.23% | 12.42% | 8.46% | 17.55% | 15.9% | 8.4% | 15.73% | 18.63% | -1.23% | 5.02% | 8.91% | 11.28% | 5.88% | 10.92% | 10.38% | 26.57% | 17.46% | 22.88% |
| Operating Income Growth % | 201.25% | 131.11% | 93.16% | 73.21% | -43.85% | -4.33% | 1712.03% | 96.41% | 103.12% | 101.19% | -118.25% | -61.3% | -27.58% | -74.73% | -75.03% | -67.42% | -56.99% | 139.43% | 207.15% | 1441.98% |
| EBITDA | 95.46M | 197.86M | 114.24M | 55.15M | 35.72M | 89.26M | 62.34M | 34.84M | 59.04M | 95.05M | 5.93M | 23.84M | 35.14M | 52.2M | 26.74M | 44.27M | 42.17M | 179.81M | 86.58M | 124.79M |
| EBITDA Margin % | 20.09% | 29.67% | 24.71% | 14% | 10.27% | 19.07% | 17.83% | 10.36% | 17.72% | 20.62% | 2.11% | 8.32% | 12.13% | 13.8% | 8.32% | 13.01% | 12.28% | 28.29% | 19.97% | 25.04% |
| EBITDA Growth % | 167.22% | 121.68% | 83.25% | 58.29% | -39.5% | -6.09% | 950.77% | 46.16% | 68.02% | 82.07% | -77.81% | -46.15% | -16.67% | -70.97% | -69.11% | -64.52% | -54.68% | 112.06% | 122.12% | 474.37% |
| D&A (Non-Cash Add-back) | 6.79M | 8.06M | 6.81M | 6.23M | 6.29M | 7.13M | 6.73M | 6.6M | 6.62M | 9.2M | 9.38M | 9.46M | 9.33M | 9.53M | 7.84M | 7.11M | 6.53M | 10.93M | 10.87M | 10.73M |
| EBIT | 88.67M | 189.71M | 107.43M | 48.92M | 29.43M | 82.13M | 55.62M | 28.25M | 52.42M | 85.85M | -3.45M | 14.38M | 25.81M | 42.67M | 18.9M | 37.16M | 35.64M | 168.88M | 75.71M | 114.06M |
| Net Interest Income | 15.37M | 41.93M | 8.56M | 6.15M | 8.68M | 8.82M | 6.47M | 5.01M | 6.92M | 4.95M | 4.43M | 1.12M | 6.07M | 4.24M | 2.81M | 2.18M | 1.66M | -838K | -1.18M | -1.02M |
| Interest Income | 16.11M | 42.87M | 9.37M | 7.95M | 9.96M | 10.1M | 7.83M | 6.68M | 8.31M | 7.3M | 6.98M | 3.73M | 8.71M | 6.52M | 5.45M | 4.54M | 3.86M | 1.75M | 1.49M | 1.67M |
| Interest Expense | 736K | 942K | 818K | 1.8M | 1.28M | 1.28M | 1.36M | 1.67M | 1.38M | 2.36M | 2.55M | 2.6M | 2.64M | 2.27M | 2.65M | 2.35M | 2.2M | 2.59M | 2.67M | 2.7M |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | 87.93M | 188.76M | 107.43M | 48.92M | 29.43M | 82.13M | 55.62M | 28.25M | 52.42M | 85.85M | -3.45M | 14.38M | 25.81M | 42.67M | 18.9M | 37.16M | 35.64M | 168.88M | 75.71M | 114.06M |
| Pretax Margin % | 18.51% | 28.3% | 23.23% | 12.42% | 8.46% | 17.55% | 15.9% | 8.4% | 15.73% | 18.63% | -1.23% | 5.02% | 8.91% | 11.28% | 5.88% | 10.92% | 10.38% | 26.57% | 17.46% | 22.88% |
| Income Tax | 19.62M | 45.8M | 24.95M | 17.17M | -7.33M | 29.63M | 15.22M | 13.28M | 2.84M | 21.27M | 10.23M | -250K | -7.64M | 4.66M | 8.17M | 9.38M | 10.98M | 43.29M | 23.51M | 27.07M |
| Effective Tax Rate % | 22.31% | 24.26% | 23.22% | 35.09% | -24.92% | 36.07% | 27.38% | 47% | 5.43% | 24.78% | -296.43% | -1.74% | -29.59% | 10.91% | 43.22% | 25.26% | 30.81% | 25.64% | 31.06% | 23.73% |
| Net Income | 65.24M | 113.97M | 60.27M | 42.18M | 64.92M | 69.06M | 34.79M | 34.77M | 42.49M | 52.02M | 3.88M | 3.95M | 25.63M | 38.1M | 14.53M | 21.39M | 36.65M | 113.51M | 45.72M | 69.82M |
| Net Margin % | 13.73% | 17.09% | 13.03% | 10.71% | 18.66% | 14.76% | 9.95% | 10.34% | 12.75% | 11.29% | 1.38% | 1.38% | 8.85% | 10.07% | 4.52% | 6.28% | 10.68% | 17.86% | 10.54% | 14.01% |
| Net Income Growth % | 0.5% | 65.03% | 73.23% | 21.31% | 52.77% | 32.74% | 797.09% | 779.44% | 65.77% | 36.55% | -73.31% | -81.51% | -30.06% | -66.43% | -68.22% | -69.36% | -25.9% | 169.24% | 293.57% | 4701.99% |
| Net Income (Continuing) | 68.31M | 142.96M | 82.48M | 31.75M | 36.77M | 52.5M | 40.39M | 14.97M | 49.58M | 64.57M | -13.68M | 14.63M | 33.45M | 38.01M | 10.73M | 27.77M | 24.66M | 125.58M | 52.2M | 86.99M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 216.02M | 211.79M | 180.33M | 169.52M | 164.64M | 187.94M | 194.77M | 214.55M | 224.46M | 213.97M | 184.35M | 225.72M | 202.72M | 199.96M | 192.28M | 181M | 139.15M | 164.65M | 133.89M | 119.92M |
| EPS (Diluted) | 0.92 | 1.60 | 0.85 | 0.60 | 0.91 | 0.97 | 0.49 | 0.49 | 0.61 | 0.75 | 0.06 | 0.06 | 0.37 | 0.56 | 0.22 | 0.32 | 0.53 | 1.64 | 0.67 | 1.03 |
| EPS Growth % | 0.82% | 65.8% | 72.45% | 20.81% | 50.21% | 28.67% | 790.91% | 756.52% | 63.09% | 33.33% | -74.71% | -81.75% | -29.72% | -65.6% | -67.54% | -69.42% | -29.33% | 145.86% | 243.59% | 4020% |
| EPS (Basic) | 0.96 | 1.69 | 0.90 | 0.63 | 0.99 | 1.08 | 0.55 | 0.55 | 0.69 | 0.86 | 0.07 | 0.07 | 0.44 | 0.70 | 0.26 | 0.38 | 0.63 | 2.01 | 0.81 | 1.22 |
| Diluted Shares Outstanding | 71.23M | 71.25M | 71.23M | 70.9M | 71.85M | 71.48M | 71.08M | 70.53M | 70.02M | 69.47M | 69.02M | 68.34M | 68.73M | 67.7M | 66.93M | 67.68M | 69.18M | 69.43M | 68.19M | 67.8M |
| Basic Shares Outstanding | 67.84M | 67.32M | 66.86M | 66.81M | 65.51M | 64.21M | 63.68M | 63.52M | 62M | 60.57M | 60.42M | 60.26M | 58.03M | 54.65M | 55.1M | 56.07M | 57.92M | 56.48M | 56.85M | 57.43M |
| Dividend Payout Ratio | - | 13.04% | 22.08% | 40.51% | 108.24% | 18.26% | 30.66% | 42.52% | 83.92% | 19.68% | 259.82% | 335.63% | 198.41% | 22.35% | 63.4% | 39.32% | 222.07% | 44.26% | 17.71% | 9.25% |