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Piper Sandler PIPR Cumulative Cost Basis

Cumulative Cost Basis at other companies

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$1.64B-1.9%
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$199.31M-48.6%
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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:PropertyPlantAndEquipmentGross.

The source filing: Piper Sandler’s 10-K, filed February 26, 2026.

Filed
Feb 26, 2026, 2:02 PM EST
Fiscal year
FY2025
Accession
0001230245-26-000013
(Amounts in thousands)December 31, 2025December 31, 2024
Furniture and equipment$59,950$62,908
Leasehold improvements98,77389,519
Software7,91813,917
Total fixed assets166,641166,344
Accumulated depreciation and amortization(89,312)(106,944)
Fixed assets, net of accumulated depreciation and amortization$77,329$59,400

Item 8. Financial Statements and Supplementary Data.

FAQ

What is Piper Sandler's cumulative cost basis?
Piper Sandler (PIPR) reported cumulative cost basis of $166.64M in Q4 2025.
How has Piper Sandler's cumulative cost basis changed year-over-year?
Piper Sandler's cumulative cost basis increased by 0.2% year-over-year, from $166.34M to $166.64M.
What is the long-term trend for Piper Sandler's cumulative cost basis?
Over 5 years (2020 to 2025), Piper Sandler's cumulative cost basis has grown at a 7.0% compound annual growth rate (CAGR), from $118.7M to $166.64M.
What does cumulative cost basis mean?
The aggregate historical cost basis of assets or liabilities before adjustments for fair value, impairment, or amortization.

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