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Piper Sandler PIPR Net Capital

Net Capital at other companies

Moelis & Company logo
Moelis & CompanyMC
$250K0.0%
Blackrock logo
BlackrockBLK
$2.2B+15.8%
SS&C Technologies logo
SS&C TechnologiesSSNC
$22.03M
Jefferies Financial Group logo
Jefferies Financial GroupJEF
$5.3B+16.7%
BK
BKBK
$4.4B+15.8%
Raymond James Financial logo
Raymond James FinancialRJF
$3.75B+9.3%

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%
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

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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 srt:NetCapital.

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 net capital?
Piper Sandler (PIPR) reported net capital of $276.1M in Q1 2026.
How has Piper Sandler's net capital changed year-over-year?
Piper Sandler's net capital increased by 22.4% year-over-year, from $225.6M to $276.1M.
What is the long-term trend for Piper Sandler's net capital?
Over 5 years (2020 to 2025), Piper Sandler's net capital has grown at a 6.3% compound annual growth rate (CAGR), from $212.9M to $288.5M.
What does net capital mean?
Regulatory net capital represents the liquid assets held by a broker-dealer after applying specific regulatory haircuts to non-liquid assets and liabilities. It is the primary metric used by regulators to assess the financial health and solvency of the firm. Maintaining a robust level of net capital is essential for regulatory compliance and demonstrates the firm's ability to absorb potential market or operational losses.