What is Piper Sandler's capex?

Piper Sandler (PIPR) reported capex of $2.16M in Q1 2026.

How has Piper Sandler's capex changed year-over-year?

Piper Sandler's capex decreased by 80.7% year-over-year, from $11.15M to $2.16M.

What is the long-term trend for Piper Sandler's capex?

Over 4 years (2021 to 2025), Piper Sandler's capex has grown at a 13.9% compound annual growth rate (CAGR), from $20.58M to $34.67M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Piper Sandler PIPR CapEx

CapEx at other companies

Jefferies Financial GroupJEF

$64.86M+30.8%

Stifel FinancialSF

$47.85M+189%

Goldman Sachs GroupGS

$565M+13.2%

EvercoreEVR

$3.1M-84.2%

T Rowe Price GroupTROW

$62M-24.4%

Raymond James FinancialRJF

$45M-2.2%

Other financials

Income statement

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Revenue$474.4M+32.8%

Net income$65.2M+0.5%

EPS (diluted)$0.92+1.1%

Balance sheet

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Cash & equivalents$344.4M+173%

Total debt$112.2M-3.0%

Total equity$1.3B+10.6%

Total assets$2.1B+17.0%

Cash flow

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Operating cash flow-$291.7M-40.8%

Free cash flow-$293.9M-34.6%

Valuation

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Market cap$5.53B+24.3%

Enterprise value$5.3B+19.3%

P/E19.6×-2.2×

P/S2.7×-0.1×

Profitability

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Net margin14%+0.8pp

FCF margin18%—

Returns & leverage

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Return on equity22%+4.5pp

Debt / equity0.1×0.0×

Where this comes from

Reported directly by Piper Sandler in its filing.

Tagged under the XBRL concept us-gaap:PaymentsForProceedsFromProductiveAssets.

The official record: Piper Sandler’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Piper Sandler's capex?: Piper Sandler (PIPR) reported capex of $2.16M in Q1 2026.
How has Piper Sandler's capex changed year-over-year?: Piper Sandler's capex decreased by 80.7% year-over-year, from $11.15M to $2.16M.
What is the long-term trend for Piper Sandler's capex?: Over 4 years (2021 to 2025), Piper Sandler's capex has grown at a 13.9% compound annual growth rate (CAGR), from $20.58M to $34.67M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.