What is Piper Sandler's operating cash flow?

Piper Sandler (PIPR) reported operating cash flow of -$291.72M in Q1 2026.

How has Piper Sandler's operating cash flow changed year-over-year?

Piper Sandler's operating cash flow decreased by 40.8% year-over-year, from -$207.23M to -$291.72M.

What does operating cash flow mean?

Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.

Piper Sandler PIPR Operating Cash Flow

Operating Cash Flow at other companies

Jefferies Financial GroupJEF

-$1.74B+34.8%

Stifel FinancialSF

-$342.57M-62.2%

Goldman Sachs GroupGS

-$31.87B+14.4%

Morgan StanleyMS

-$7.1B+70.4%

EvercoreEVR

-$225.86M+58.9%

T Rowe Price GroupTROW

$824.3M+30.2%

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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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 us-gaap:NetCashProvidedByUsedInOperatingActivities.

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 operating cash flow?: Piper Sandler (PIPR) reported operating cash flow of -$291.72M in Q1 2026.
How has Piper Sandler's operating cash flow changed year-over-year?: Piper Sandler's operating cash flow decreased by 40.8% year-over-year, from -$207.23M to -$291.72M.
What does operating cash flow mean?: Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.