What is Piper Sandler's securities posted as collateral?

Piper Sandler (PIPR) reported securities posted as collateral of $0 in Q1 2026.

What does securities posted as collateral mean?

This metric represents the fair market value of securities that the firm has pledged to counterparties to secure derivative positions or financing arrangements. It serves as a measure of the firm's encumbered assets used to mitigate counterparty credit risk in trading activities. A significant increase in pledged collateral may indicate higher leverage or increased hedging activity in volatile markets.

Piper Sandler PIPR Securities posted as collateral

Securities posted as collateral at other companies

Galaxy Digital Inc. Class A Common StockGLXY

$26.42M-88.6%

U.S. BancorpUSB

$17M+750%

U.S. BancorpUSB

$2.3B+64.3%

Jefferies Financial GroupJEF

$611.4M+107%

Apollo Global ManagementAPO

$2.73B+52.5%

PNC Financial ServicesPNC

$41M-12.8%

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

See full

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

See full

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 pipr:DerivativeFairValueofSecuritiesPostedasCollateral.

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 securities posted as collateral?: Piper Sandler (PIPR) reported securities posted as collateral of $0 in Q1 2026.
What does securities posted as collateral mean?: This metric represents the fair market value of securities that the firm has pledged to counterparties to secure derivative positions or financing arrangements. It serves as a measure of the firm's encumbered assets used to mitigate counterparty credit risk in trading activities. A significant increase in pledged collateral may indicate higher leverage or increased hedging activity in volatile markets.