What are Piper Sandler's total assets?

Piper Sandler (PIPR) holds $2.1B in total assets, up 17.0% year over year.

How much debt does Piper Sandler have?

Piper Sandler carries $112.2M in total debt against $1.3B of shareholders' equity, a debt-to-equity ratio of 0.08.

How much cash does Piper Sandler have?

Piper Sandler holds $344.4M in cash and equivalents.

Where does Piper Sandler's balance sheet data come from?

Every line is extracted from Piper Sandler's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Piper Sandler PIPR Balance Sheet Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Cash and cash equivalents	$344.43M-57.4%	$809.42M+610%	$114M-7.6%	$123.32M-2.2%	$126.08M-73.9%
Prepaid expenses and other current assets	$19.68M-28.8%	$27.66M+32.2%	$20.93M+21.9%	$17.16M-6.9%	$18.44M-30.4%
Trading assets	$485.33M-3.4%	$502.27M+12.6%	$446.02M-8.7%	$488.58M+2.9%	$474.69M+11.5%
Property and equipment, net	$74.64M-3.5%	$77.33M-1.4%	$78.44M+1.8%	$77.09M+15.8%	$66.55M+12.0%
Accumulated depreciation	$93.98M+5.2%	$89.31M+0.2%	$89.1M-22.8%	$115.38M+3.7%	$111.21M+4.0%
Operating lease right-of-use assets	$60.47M-5.5%	$64M-6.7%	$68.6M-4.0%	$71.44M-8.9%	$78.4M+156,803,999,900%
Goodwill	$319.26M0.0%	$319.26M0.0%	$319.39M+2.4%	$311.94M0.0%	$311.94M0.0%
Intangible assets, net	$98.68M-0.9%	$99.6M-3.5%	$103.23M+0.1%	$103.16M-2.0%	$105.3M+189%
Deferred tax assets	$138.19M-11.5%	$156.12M+14.7%	$136.12M-2.0%	$138.88M+7.4%	$129.31M+24,025%
Other non-current assets	$186.78M-0.9%	$188.52M-1.8%	$192.03M-9.7%	$212.76M-9.1%	$233.97M+27.3%
Equity method investments	$17.84M+4.7%	$17.05M+2.3%	$16.67M+8.1%	$15.41M+2.5%	$15.04M+4.7%
Total assets	$2.13B-17.8%	$2.59B+16.8%	$2.22B+13.3%	$1.96B+7.6%	$1.82B-19.3%
Accrued expenses	$145M+21.1%	$119.78M+70.6%	$70.22M-4.8%	$73.75M+12.8%	$65.35M-31.5%
Accrued compensation	$230.93M-67.1%	$702.85M+59.1%	$441.68M+47.3%	$299.9M+72.4%	$173.99M-69.1%
Current portion of long-term debt	$15M0.0%	$15M0.0%	$15M0.0%	$15M0.0%	$15M+50.0%
Operating lease liabilities, current	$97.22M-4.1%	$101.35M+1.7%	$99.66M-1.5%	$101.22M+0.5%	$100.67M+13.3%
Short-term borrowings	$15M0.0%	$15M0.0%	$15M0.0%	$15M0.0%	$15M+50.0%
Trading liabilities	$43.14M-11.1%	$48.51M-32.6%	$72.01M+13.0%	$63.73M-26.4%	$86.62M+12.5%
Deferred tax liabilities	——	$615K—	——	——	——
Operating Lease Liabilities (Total)	$97.22M-4.1%	$101.35M+1.7%	$99.66M-1.5%	$101.22M+0.5%	$100.67M+13.3%
Total liabilities	$572.2M-43.3%	$1.01B+33.5%	$756.66M+35.2%	$559.73M+26.5%	$442.39M-47.3%
Common stock	400M0.0%	400M+300%	100M0.0%	100M0.0%	100M0.0%
Additional paid-in capital	$1B+5.0%	$957.15M-1.5%	$972.05M+0.5%	$967.56M-2.0%	$987.63M+0.6%
Retained earnings	$680.54M-6.6%	$728.93M+15.7%	$629.83M+8.3%	$581.5M+4.5%	$556.4M-1.0%
Accumulated other comprehensive income (loss)	$1.76M-35.7%	$2.73M+13.2%	$2.42M-31.4%	$3.52M+8,284%	-$43K+96.4%
Treasury stock	$346.12M+8.6%	$318.58M-1.0%	$321.65M-0.4%	$322.87M-2.4%	$330.71M+5.1%
Noncontrolling interests	$216.02M+2.0%	$211.79M+17.4%	$180.33M+6.4%	$169.52M+3.0%	$164.64M-12.4%
Total stockholders' equity	$1.34B-2.1%	$1.37B+6.9%	$1.28B+4.3%	$1.23B+1.4%	$1.21B-1.2%
Total liabilities and stockholders' equity	$2.13B-17.8%	$2.59B+16.8%	$2.22B+13.3%	$1.96B+7.6%	$1.82B-19.3%
Deferred Tax Assets and Other Non-Current Assets	——	$7.05M—	——	——	——
Net Investment in Lease	$60.47M-5.5%	$64M-6.7%	$68.6M-4.0%	$71.44M-8.9%	$78.4M+17.7%
Deferred tax assets	$138.19M-11.5%	$156.12M+14.7%	$136.12M-2.0%	$138.88M+7.4%	$129.31M-20.0%
Other intangible assets—net	$98.68M-0.9%	$99.6M-3.5%	$103.23M+0.1%	$103.16M-2.0%	$105.3M-2.0%
Operating lease right-of-use assets	$60.47M-5.5%	$64M-6.7%	$68.6M-4.0%	$71.44M-8.9%	$78.4M+17.7%
Other Assets	$186.78M-0.9%	$188.52M-1.8%	$192.03M-9.7%	$212.76M-9.1%	$233.97M+27.3%
Property, plant and equipment at cost	——	$166.64M—	——	——	——
Operating Lease Right-of-Use Assets in Other Assets	$60.47M-5.5%	$64M-6.7%	$68.6M-4.0%	$71.44M-8.9%	$78.4M+17.7%
Accrued Expenses and Other Liabilities at Fair Value	$43.14M-11.1%	$48.51M-32.6%	$72.01M+13.0%	$63.73M-26.4%	$86.62M+12.5%
Payables to Broker Dealers and Clearing Organizations	$111.2M+107%	$53.61M-88.8%	$477.24M+186%	$166.78M+411%	$32.65M-81.3%
Deferred Tax Liabilities - Leasing Arrangements	——	$15.28M—	——	——	——
Accrued expenses and other liabilities	$145M+21.1%	$119.78M+70.6%	$70.22M-4.8%	$73.75M+12.8%	$65.35M-31.5%
Payables to customers and broker-dealers	$40.91M+83.0%	$22.36M-61.5%	$58.09M+848%	$6.13M+701%	$765K-86.9%
Total debt	$112.22M-3.5%	$116.35M+1.5%	$114.66M-1.3%	$116.22M+0.5%	$115.67M+17.0%
Unrecognized Tax Benefits	——	$2.2M—	——	——	——
Unrecognized Tax Benefits - Impacting Effective Tax Rate	——	$2.2M—	——	——	——
Unrecognized Tax Benefits - Income Tax Penalties and Interest Accrued	——	$600K—	——	——	——
Common Stock Par Value Per Share	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%
Common Stock Shares Issued	78.1M-0.2%	78.3M+300%	19.6M0.0%	19.6M0.0%	19.6M0.0%
Convertible Preferred Stock Authorized Shares	5M0.0%	5M—	——	——	——
Convertible Preferred Stock Outstanding Shares	——	0—	——	——	——
Additional paid-in capital	$1B+5.0%	$957.15M-1.5%	$972.05M+0.5%	$967.56M-2.0%	$987.63M+0.6%
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	$779K0.0%	$779K+299%	$195K0.0%	$195K0.0%	$195K0.0%
Preferred Stock Par Value Per Share	$0.010.0%	$0.01—	——	——	——
Share-Based Payment Award Options Outstanding - Number	402.1K+280%	105.8K-8.6%	115.7K-13.5%	133.7K0.0%	133.7K-10.1%
Undistributed Earnings of Foreign Subsidiaries	——	$0—	——	——	——
Cumulative Cost Basis	——	$166.64M—	——	——	——
Excess Net Capital	$275.1M-4.3%	$287.5M+18.7%	$242.2M+9.2%	$221.7M-1.3%	$224.6M-15.1%
Net Capital	$276.1M-4.3%	$288.5M+18.6%	$243.2M+9.2%	$222.7M-1.3%	$225.6M-15.0%
Minimum net capital requirement	$1M0.0%	$1M0.0%	$1M0.0%	$1M0.0%	$1M0.0%
Payables to clearing organizations	$1.27M—	$0—	——	——	——
Common Stock, Number Of Votes	——	1—	——	——	——
Common stock, par value (in dollars per share)	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%
Common stock, shares authorized (in shares)	$400M0.0%	$400M+300%	$100M0.0%	$100M0.0%	$100M0.0%
Common stock, shares issued (in shares)	$78.12M-0.2%	$78.25M+300%	$19.56M0.0%	$19.56M0.0%	$19.56M0.0%
Common Stock, Shares, Outstanding	$67.86M+0.6%	$67.48M+303%	$16.73M+0.2%	$16.7M+1.1%	$16.52M+2.5%
Deferred Tax Liabilities, Gross	——	$32.52M—	——	——	——
Accrued lease liabilities	——	$24.45M—	——	——	——
Deferred Tax Assets, Goodwill and Intangible Assets	——	$28.88M—	——	——	——
Deferred Tax Assets, Gross	——	$188.64M—	——	——	——
Liabilities/accruals not currently deductible	——	$1.25M—	——	——	——
Deferred Tax Assets, Operating Loss Carryforwards	——	$0—	——	——	——
Compensation and benefits	——	$127.02M—	——	——	——
Unrealized gains on firm investments	——	$3.93M—	——	——	——
Deferred Tax Liabilities, Other	——	$615K—	——	——	——
Deferred Tax Liabilities, Property, Plant and Equipment	——	$12.69M—	——	——	——
Securities posted as collateral	$0—	$0—	$0—	$0—	$0—
Due from Broker	$31.36M+55.8%	$20.13M-11.5%	$22.75M+49.0%	$15.27M+3.1%	$14.8M-26.3%
Due To Correspondent Brokers	$39.64M+77.3%	$22.36M-61.5%	$58.09M+848%	$6.13M+701%	$765K-86.9%
Entity Common Stock, Shares outstanding held by non-affiliates	——	——	——	17.2M—	——
Equity method investments (Note 11)	$17.84M+4.7%	$17.05M+2.3%	$16.67M+8.1%	$15.41M+2.5%	$15.04M+4.7%
Convertible securities	$133.98M-4.5%	$140.31M-4.5%	$146.87M+5.9%	$138.74M+5.1%	$132.05M-3.0%
Financial Instruments Owned Corporate Debt At Fair Value	$7.96M+181%	$2.83M+21.5%	$2.33M-31.9%	$3.42M-31.7%	$5.01M+216%
Financial instruments owned, at fair value—Equities	$3.72M—	$0-100%	$472K-92.5%	$6.32M-36.2%	$9.91M+495,150%
Financial Instruments, Owned, Derivatives and Other Contractual Agreements, at Fair Value	$5.14M-11.7%	$5.82M-11.3%	$6.57M-17.7%	$7.98M+45.2%	$5.5M-3.5%
Mortgage-backed securities	$67.53M-27.0%	$92.47M+160%	$35.61M-28.9%	$50.08M+26.2%	$39.69M-20.9%
Short-term securities	$101.59M+420%	$19.53M-54.8%	$43.18M-23.6%	$56.48M+31.9%	$42.81M+3,882%
Tax-exempt securities	$107.81M-14.0%	$125.42M+7.3%	$116.84M-3.5%	$121.03M-3.4%	$125.24M-1.3%
Taxable securities	$8.49M-74.3%	$33.02M+148%	$13.31M+17.5%	$11.33M-66.8%	$34.09M+61.0%
U.S. government agency securities	$43.95M-46.8%	$82.67M+9.6%	$75.44M-13.7%	$87.39M+10.6%	$79.03M+1.0%
U.S. government securities	$5.16M+2,468%	$201K-96.3%	$5.39M-7.3%	$5.82M+321%	$1.38M-70.1%
Financial Instruments Sold Not Yet Purchased Corporate Debt	$520K-84.2%	$3.3M-15.6%	$3.91M-34.6%	$5.98M+181%	$2.13M+247%
Equity securities	$723K—	$0-100%	$24.76M+25.0%	$19.8M-54.9%	$43.94M+123%
Financial Instruments Sold, Not yet Purchased, Derivatives and Other Contracts	$1.9M+4.6%	$1.81M+273%	$485K+7.8%	$450K-58.1%	$1.08M-54.8%
U.S. government securities	$40M-7.8%	$43.4M+1.3%	$42.86M+14.3%	$37.5M-5.0%	$39.47M-27.2%
Finite-Lived Intangible Assets, Accumulated Amortization	$172.83M+1.2%	$170.77M+2.2%	$167.15M+1.3%	$165M+1.3%	$162.85M+1.3%
Combined fair value of guarantees	——	$0—	——	——	——
Investments attributable to noncontrolling interests	$205.07M-5.4%	$216.84M+17.0%	$185.41M+9.6%	$169.22M+0.5%	$168.39M-10.3%
Total investments attributable to Piper Sandler Companies	$106.01M+0.3%	$105.68M+6.4%	$99.36M+3.5%	$95.97M+3.0%	$93.22M-1.2%
Investments (including noncontrolling interests of $205,069 and $216,838, respectively)	$311.08M-3.5%	$322.52M+13.3%	$284.77M+7.4%	$265.19M+1.4%	$261.61M-7.2%
Noncontrolling interests in subsidiaries	$216.02M+2.0%	$211.79M+17.4%	$180.33M+6.4%	$169.52M+3.0%	$164.64M-12.4%
Number of stock-based compensation plans	30.0%	30.0%	30.0%	3-25.0%	40.0%
Operating Lease Weighted Average Discount Rate Percent	——	$0.06—	——	——	——
Other Assets, Miscellaneous	$13.61M+8.3%	$12.56M-16.1%	$14.97M-26.0%	$20.24M+25.9%	$16.08M+10.1%
Investments at fair value	$293.24M-4.0%	$305.47M+14.1%	$267.82M+7.3%	$249.5M+1.3%	$246.29M-8.0%
Preferred Stock, Par or Stated Value Per Share	$0.010.0%	$0.01—	——	——	——
Preferred Stock, Shares Authorized	$5M0.0%	$5M—	——	——	——
Preferred Stock, Shares Outstanding	——	$0—	——	——	——
Fails to deliver	$111.2M+107%	$53.61M-88.8%	$477.24M+186%	$166.78M+411%	$32.65M-81.3%
Receivables from clearing organizations	$79.84M+138%	$33.48M-92.6%	$454.48M+200%	$151.51M+749%	$17.85M-88.4%
Remaining investment commitments	——	$30.9M—	——	——	——
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	$402.11K+280%	$105.77K-8.6%	$115.67K-13.5%	$133.67K0.0%	$133.67K-10.1%
Treasury stock, shares (in shares)	$10.26M-4.7%	$10.77M+280%	$2.83M-1.1%	$2.86M-5.9%	$3.04M-11.7%
Undistributed Earnings of Foreign Subsidiaries	——	$0—	——	——	——
Unrecognized tax benefits	——	$2.2M—	——	——	——
Penalties and interest accrued on unrecognized tax benefits	——	$600K—	——	——	——
Amount that if recognized, would affect the effective tax rate or regulatory liability	——	$2.2M—	——	——	——

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Questions, answered.

What are Piper Sandler's total assets?: Piper Sandler (PIPR) holds $2.1B in total assets, up 17.0% year over year.
How much debt does Piper Sandler have?: Piper Sandler carries $112.2M in total debt against $1.3B of shareholders' equity, a debt-to-equity ratio of 0.08.
How much cash does Piper Sandler have?: Piper Sandler holds $344.4M in cash and equivalents.
Where does Piper Sandler's balance sheet data come from?: Every line is extracted from Piper Sandler's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.