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Piper Sandler PIPR Tenant Improvement Allowances

Tenant Improvement Allowances at other companies

Tarsus Pharmaceuticals, Inc. logo
Tarsus Pharmaceuticals, Inc.TARS
$5.8M—
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Tarsus Pharmaceuticals, Inc.TARS
$5.8M—
Evercore logo
EvercoreEVR
$16.93M-6.0%
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EvercoreEVR
$16.93M-6.0%
Lifetime Brands logo
Lifetime BrandsLCUT
$5.1M—
Lifetime Brands logo
Lifetime BrandsLCUT
$5.1M—

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$5.14B-4.6%
Enterprise value$5.01B-6.9%
P/E16.7×-8.8×
P/S2.4×-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 pipr:TenantImprovementAllowances.

The source filing: Piper Sandler’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 2:19 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001230245-26-000032
(Amounts in thousands)
202827,215
202925,351
203023,192
Thereafter186,346
Total operating lease payments304,660
Less: Tenant improvement allowances(23,465)
Less: Present value discount(121,186)
Total accrued lease liabilities$$160,009

Item 1. Financial Statements.

FAQ

What is Piper Sandler's tenant improvement allowances?
Piper Sandler (PIPR) reported tenant improvement allowances of $23.47M in Q2 2026.
How has Piper Sandler's tenant improvement allowances changed year-over-year?
Piper Sandler's tenant improvement allowances increased by 142.6% year-over-year, from $9.67M to $23.47M.
What does tenant improvement allowances mean?
Tenant Improvement Allowances as reported by Piper Sandler Companies.

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