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Piper Sandler PIPR Acquisitions

Acquisitions at other companies

Lazard logo
LazardLAZ
-$46.41M
Raymond James Financial logo
Raymond James FinancialRJF
$392M
Houlihan Lokey logo
Houlihan LokeyHLI
$1.81M+279%
Perella Weinberg Partners logo
Perella Weinberg PartnersPWP
$4.71M
Oppenheimer Holdings logo
Oppenheimer HoldingsOPY
$0-100%
StoneX Group Inc. logo
StoneX Group Inc.SNEX
$7.9M-1.3%

Other financials

Income statement

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Revenue$495.5M+24.9%
Net income$67.8M+60.8%
EPS (diluted)$0.95+61.0%

Balance sheet

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Cash & equivalents$304.2M+147%
Total debt$175.0M+50.6%
Total equity$1.4B+11.6%
Total assets$2.3B+18.8%

Cash flow

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Operating cash flow-$291.7M-40.8%
CapEx$7.8M-45.2%
Free cash flow-$293.9M-34.6%

Valuation

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Market cap$5.26B-2.5%
Enterprise value$5.13B-4.7%
P/E17.1×-8.4×
P/S2.5×-0.9×

Profitability

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Net margin14.5%+1.3pp
FCF margin18%

Returns & leverage

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Return on equity23.6%+5.7pp
Debt / equity0.1×0.0×

Where this comes from

Reported directly by Piper Sandler in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The source filing: Piper Sandler’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 12:32 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001230245-26-000022
(Amounts in thousands)Three Months Ended / March 31, 2026Three Months Ended / March 31, 2025
Other liabilities and accrued expenses8,641(18,682)
Net cash used in operating activities(291,717)(207,225)
Investing Activities
Business acquisitions, net of cash acquired(1,152)
Purchases of fixed assets, net(2,155)(11,148)
Net cash used in investing activities(3,307)(11,148)
Financing Activities
Net change in short-term financing5,000

Item 1. Financial Statements.

FAQ

What is Piper Sandler's acquisitions?
Piper Sandler (PIPR) reported acquisitions of $1.15M in Q1 2026.
What does acquisitions mean?
Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

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