What is Piper Sandler's change in accrued liabilities?

Piper Sandler (PIPR) reported change in accrued liabilities of -$410.07M in Q1 2026.

How has Piper Sandler's change in accrued liabilities changed year-over-year?

Piper Sandler's change in accrued liabilities decreased by 16.7% year-over-year, from -$351.5M to -$410.07M.

What does change in accrued liabilities mean?

Change in accrued expenses and other current liabilities, reflecting timing differences between expense recognition and cash payment.

Piper Sandler PIPR Change in Accrued Liabilities

Change in Accrued Liabilities at other companies

Stifel FinancialSF

-$5.82M-105%

EvercoreEVR

-$756.38M-0.5%

Raymond James FinancialRJF

-$659M-24.6%

Moelis & CompanyMC

-$374.65M-33.3%

Houlihan LokeyHLI

$181.88M-16.2%

FactSet Research SystemsFDS

-$70.31M-72.9%

Other financials

Income statement

See full

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

See full

Operating cash flow-$291.7M-40.8%

CapEx$2.2M-80.7%

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

See full

Net margin14%+0.8pp

FCF margin18%—

Returns & leverage

See full

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:IncreaseDecreaseInEmployeeRelatedLiabilities.

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 change in accrued liabilities?: Piper Sandler (PIPR) reported change in accrued liabilities of -$410.07M in Q1 2026.
How has Piper Sandler's change in accrued liabilities changed year-over-year?: Piper Sandler's change in accrued liabilities decreased by 16.7% year-over-year, from -$351.5M to -$410.07M.
What does change in accrued liabilities mean?: Change in accrued expenses and other current liabilities, reflecting timing differences between expense recognition and cash payment.