PIPER JAFFRAY COMPANIES

EDGAR

Annual consolidated revenue for 2025: about USD 1.899B, using the latest reported figures. The previous period, 2024, was about USD 1.526B.

Watchlist

Latest quarter

Revenue

496 million USD

2026 Q2 · USD

Exact inputs and evidence

Net margin

13.69%

2026 Q2 · %

Exact inputs and evidence
  • Net Income: 67845000 USD Source
  • Revenue: 495515000 USD Source

Operating cash flow

36.3 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: -255465000 USD Source
  • Operating Cash Flow: -291717000 USD Source
Cash and cash equivalents
971 million USD Source
Exact value

970965000 USD

Long-term debt including current maturities
0 USD Source
Exact value

0 USD

Shares outstanding
67.5 million shares Source
Exact value

67549449 shares

Reported share-count change

304.55% · 50.9 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 16697576 shares · 2025-06-30· Source
  • 67549449 shares · 2026-06-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

2.12 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Revenue: 479276000 USD · 2025-07-01 – 2025-09-30 Source
  • Revenue: 666050000 USD · 2025-10-01 – 2025-12-31 Source
  • Revenue: 474409000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 495515000 USD · 2026-04-01 – 2026-06-30 Source

Net income

307 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Net income: 60266000 USD · 2025-07-01 – 2025-09-30 Source
  • Net income: 113968000 USD · 2025-10-01 – 2025-12-31 Source
  • Net income: 65242000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: 67845000 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

506 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: -143173000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: -175081000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: 586627000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: -143173000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: -291717000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: -255465000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: -291717000 USD · 2026-01-01 – 2026-03-31 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-30.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-12-31
  • operating income: No compatible figures in this window
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • capital expenditure: No compatible figures in this window
  • Total assets: 11 of 11 periods available· newest 2025-12-31
  • Total liabilities: 11 of 11 periods available· newest 2025-12-31
  • current assets: No compatible figures in this window
  • current liabilities: No compatible figures in this window
  • Cash and cash equivalents: 7 of 11 periods available· newest 2021-12-31
  • Long-term debt including current maturities: 5 of 11 periods available· newest 2023-12-31
  • Shares outstanding: 11 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +24.5%

    Prior period

    USD 1.53 billion

    –

    Current period

    USD 1.9 billion

    –

    Exact inputs and evidence

    1899376000 − 1525914000 = 373462000 USD

    1525914000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    1899376000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    +55.3%

    Prior period

    USD 181.11 million

    –

    Current period

    USD 281.33 million

    –

    Exact inputs and evidence

    281331000 − 181114000 = 100217000 USD

    181114000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    281331000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Operating cash flow

    +87.3%

    Prior period

    USD 313.26 million

    –

    Current period

    USD 586.63 million

    –

    Exact inputs and evidence

    586627000 − 313255000 = 273372000 USD

    313255000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    586627000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 1.9 billion 100% of revenue
  • Operating costs Derived Unavailable An input is unavailable.
  • Operating income Unavailable An input is unavailable.
  • Tax, interest and other Derived Unavailable An input is unavailable.
  • Net income USD 281.33 million 15% of revenue

Cash

  • Operating cash flow USD 586.63 million 31% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 Not shown: operating income or net income is not reported.
  • 2017 Not shown: operating income or net income is not reported.
  • 2018 Not shown: operating income or net income is not reported.
  • 2019 Not shown: operating income or net income is not reported.
  • 2020 Not shown: operating income or net income is not reported.
  • 2021 Not shown: operating income or net income is not reported.
  • 2022 Not shown: operating income or net income is not reported.
  • 2023 Not shown: operating income or net income is not reported.
  • 2024 Not shown: operating income or net income is not reported.
  • 2025 Not shown: operating income or net income is not reported.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-31747349000 UnavailableUnavailableUnavailable-21952000 Unavailable
Source
2017 2017-01-01 – 2017-12-31823621000 UnavailableUnavailableUnavailable-61939000 Unavailable
Source
2018 2018-01-01 – 2018-12-31740953000 UnavailableUnavailableUnavailable57036000 Unavailable
Source
2019 2019-01-01 – 2019-12-31834566000 UnavailableUnavailableUnavailable111711000 Unavailable
Source
2020 2020-01-01 – 2020-12-311238213000 UnavailableUnavailableUnavailable40504000 Unavailable
Source
2021 2021-01-01 – 2021-12-312031061000 UnavailableUnavailableUnavailable278514000 Unavailable
Source
2022 2022-01-01 – 2022-12-311425638000 UnavailableUnavailableUnavailable110674000 Unavailable
Source
2023 2023-01-01 – 2023-12-311347967000 UnavailableUnavailableUnavailable85491000 Unavailable
Source
2024 2024-01-01 – 2024-12-311525914000 UnavailableUnavailableUnavailable181114000 Unavailable
Source
2025 2025-01-01 – 2025-12-311899376000 UnavailableUnavailableUnavailable281331000 Unavailable
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 1.9B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.2B1.6B1.1B548.4M0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue747349000
2017Revenue823621000
2018Revenue740953000
2019Revenue834566000
2020Revenue1238213000
2021Revenue2031061000
2022Revenue1425638000
2023Revenue1347967000
2024Revenue1525914000
2025Revenue1899376000

Revenue growth

Change in revenue from the same financial period one year earlier.

24.5% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.72%44%17%-10%-37%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year11.1%
2017Year over year10.2%
2018Year over year-10%
2019Year over year12.6%
2020Year over year48.4%
2021Year over year64%
2022Year over year-29.8%
2023Year over year-5.4%
2024Year over year13.2%
2025Year over year24.5%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Net margin 14.8% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.16.6%10.1%3.6%-2.8%-9.3%2016-12-312021-12-312025-12-31
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016-12-31Operating marginNot reported
2017-12-31Operating marginNot reported
2018-12-31Operating marginNot reported
2019-12-31Operating marginNot reported
2020-12-31Operating marginNot reported
2021-12-31Operating marginNot reported
2022-12-31Operating marginNot reported
2023-12-31Operating marginNot reported
2024-12-31Operating marginNot reported
2025-12-31Operating marginNot reported
2016Net margin-2.9%
2017Net margin-7.5%
2018Net margin7.7%
2019Net margin13.4%
2020Net margin3.3%
2021Net margin13.7%
2022Net margin7.8%
2023Net margin6.3%
2024Net margin11.9%
2025Net margin14.8%
2016Free cash flow marginNot reported
2017Free cash flow marginNot reported
2018Free cash flow marginNot reported
2019Free cash flow marginNot reported
2020Free cash flow marginNot reported
2021Free cash flow marginNot reported
2022Free cash flow marginNot reported
2023Free cash flow marginNot reported
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

USD 586.6M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.860.1M568.8M277.4M-13.9M-305.3M201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow-3225000
2017Operating cash flow203001000
2018Operating cash flow509795000
2019Operating cash flow67798000
2020Operating cash flow779765000
2021Operating cash flow707087000
2022Operating cash flow-224907000
2023Operating cash flow275629000
2024Operating cash flow313255000
2025Operating cash flow586627000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Not enough comparable data to show this history.
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flowUnavailable
2017Free cash flowUnavailable
2018Free cash flowUnavailable
2019Free cash flowUnavailable
2020Free cash flowUnavailable
2021Free cash flowUnavailable
2022Free cash flowUnavailable
2023Free cash flowUnavailable
2024Free cash flowUnavailable
2025Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

39% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.68%51%34%17%0%201620212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets61.6%
2017Liabilities / assets63.4%
2018Liabilities / assets45.7%
2019Liabilities / assets50.5%
2020Liabilities / assets53.6%
2021Liabilities / assets52.2%
2022Liabilities / assets42.5%
2023Liabilities / assets39.3%
2024Liabilities / assets37.2%
2025Liabilities / assets39%

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016-12-31Current assets / current liabilitiesNot reportedNo source recorded
2017-12-31Current assets / current liabilitiesNot reportedNo source recorded
2018-12-31Current assets / current liabilitiesNot reportedNo source recorded
2019-12-31Current assets / current liabilitiesNot reportedNo source recorded
2020-12-31Current assets / current liabilitiesNot reportedNo source recorded
2021-12-31Current assets / current liabilitiesNot reportedNo source recorded
2022-12-31Current assets / current liabilitiesNot reportedNo source recorded
2023-12-31Current assets / current liabilitiesNot reportedNo source recorded
2024-12-31Current assets / current liabilitiesNot reportedNo source recorded
2025-12-31Current assets / current liabilitiesNot reportedNo source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
−USD 21.95 million
Exact value

Exact value: -21952000 USD

2016-01-01 – 2016-12-31: -21952000 USD Inspect Net Income Open source
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−USD 3.23 million
Exact value

Exact value: -3225000 USD

2016-01-01 – 2016-12-31: -3225000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2017 2017-01-01 – 2017-12-31
−USD 61.94 million
Exact value

Exact value: -61939000 USD

2017-01-01 – 2017-12-31: -61939000 USD Inspect Net Income Open source
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USD 203 million
Exact value

Exact value: 203001000 USD

2017-01-01 – 2017-12-31: 203001000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2018 2018-01-01 – 2018-12-31
USD 57.04 million
Exact value

Exact value: 57036000 USD

2018-01-01 – 2018-12-31: 57036000 USD Inspect Net Income Open source
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USD 509.8 million
Exact value

Exact value: 509795000 USD

2018-01-01 – 2018-12-31: 509795000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2019 2019-01-01 – 2019-12-31
USD 111.71 million
Exact value

Exact value: 111711000 USD

2019-01-01 – 2019-12-31: 111711000 USD Inspect Net Income Open source
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USD 67.8 million
Exact value

Exact value: 67798000 USD

2019-01-01 – 2019-12-31: 67798000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2020 2020-01-01 – 2020-12-31
USD 40.5 million
Exact value

Exact value: 40504000 USD

2020-01-01 – 2020-12-31: 40504000 USD Inspect Net Income Open source
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USD 779.77 million
Exact value

Exact value: 779765000 USD

2020-01-01 – 2020-12-31: 779765000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2021 2021-01-01 – 2021-12-31
USD 278.51 million
Exact value

Exact value: 278514000 USD

2021-01-01 – 2021-12-31: 278514000 USD Inspect Net Income Open source
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USD 707.09 million
Exact value

Exact value: 707087000 USD

2021-01-01 – 2021-12-31: 707087000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2022 2022-01-01 – 2022-12-31
USD 110.67 million
Exact value

Exact value: 110674000 USD

2022-01-01 – 2022-12-31: 110674000 USD Inspect Net Income Open source
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−USD 224.91 million
Exact value

Exact value: -224907000 USD

2022-01-01 – 2022-12-31: -224907000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2023 2023-01-01 – 2023-12-31
USD 85.49 million
Exact value

Exact value: 85491000 USD

2023-01-01 – 2023-12-31: 85491000 USD Inspect Net Income Open source
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USD 275.63 million
Exact value

Exact value: 275629000 USD

2023-01-01 – 2023-12-31: 275629000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2024 2024-01-01 – 2024-12-31
USD 181.11 million
Exact value

Exact value: 181114000 USD

2024-01-01 – 2024-12-31: 181114000 USD Inspect Net Income Open source
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USD 313.26 million
Exact value

Exact value: 313255000 USD

2024-01-01 – 2024-12-31: 313255000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2025-01-01 – 2025-12-31
USD 281.33 million
Exact value

Exact value: 281331000 USD

2025-01-01 – 2025-12-31: 281331000 USD Inspect Net Income Open source
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USD 586.63 million
Exact value

Exact value: 586627000 USD

2025-01-01 – 2025-12-31: 586627000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

272 filings · 4,155 latest values · 4,155 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001230245, 1230245, PIPR, PJC, edgar:1230245

Also known as PIPER SANDLER COMPANIES, PIPER JAFFRAY COMPANIES, PIPER SANDLER COMPANIES, Piper Jaffray Companies