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Piper Sandler PIPR Due To Correspondent Brokers

Due To Correspondent Brokers at other companies

Two Harbors Investment Corporation logo
Two Harbors Investment CorporationTWO
$247.47M-14.5%
Virtu Financial logo
Virtu FinancialVIRT
$1.18B+117%
Piper Sandler logo
Piper SandlerPIPR
$39.64M+5,082%
Piper Sandler logo
Piper SandlerPIPR
$31.36M+112%
Virtu Financial logo
Virtu FinancialVIRT
$1.6B+146%
Two Harbors Investment Corporation logo
Two Harbors Investment CorporationTWO
$432.15M-53.0%

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 us-gaap:DueToCorrespondentBrokers.

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 due to correspondent brokers?
Piper Sandler (PIPR) reported due to correspondent brokers of $39.64M in Q1 2026.
How has Piper Sandler's due to correspondent brokers changed year-over-year?
Piper Sandler's due to correspondent brokers increased by 5081.6% year-over-year, from $765K to $39.64M.
What is the long-term trend for Piper Sandler's due to correspondent brokers?
Over 5 years (2020 to 2025), Piper Sandler's due to correspondent brokers has grown at a 3.8% compound annual growth rate (CAGR), from $18.59M to $22.36M.
What does due to correspondent brokers mean?
This represents the total payables owed to other brokerage firms for clearing, execution, or administrative services provided to the company. It is a measure of the firm's short-term operational liabilities to its network of correspondent partners. Managing these balances is vital for maintaining healthy relationships with clearing partners and ensuring smooth operational workflows.