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Piper Sandler PIPR Operating Cash Flow

Operating Cash Flow at other companies

Jefferies Financial Group logo
Jefferies Financial GroupJEF
-$1.74B+34.8%
Stifel Financial logo
Stifel FinancialSF
-$342.57M-62.2%
Goldman Sachs Group logo
Goldman Sachs GroupGS
-$31.87B+14.4%
Morgan Stanley logo
Morgan StanleyMS
-$7.1B+70.4%
Evercore logo
EvercoreEVR
$525.52M+20.1%
Lazard logo
LazardLAZ
-$219.27M-0.8%

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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CapEx$7.8M-45.2%
Free cash flow-$293.9M-34.6%

Valuation

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Market cap$5.14B-4.6%
Enterprise value$5.01B-6.9%
P/E16.7×-8.8×
P/S2.4×-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:NetCashProvidedByUsedInOperatingActivities.

The source filing: Piper Sandler’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 12:32 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001230245-26-000022
(Amounts in thousands)Three Months Ended / March 31, 2026Three Months Ended / March 31, 2025
Payables to brokers, dealers and clearing organizations18,549(5,097)
Accrued compensation(410,069)(351,504)
Other liabilities and accrued expenses8,641(18,682)
Net cash used in operating activities(291,717)(207,225)
Investing Activities
Business acquisitions, net of cash acquired(1,152)
Purchases of fixed assets, net(2,155)(11,148)
Net cash used in investing activities(3,307)(11,148)

Item 1. Financial Statements.

FAQ

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.

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