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Piper Sandler PIPR Due To Correspondent Brokers

Due To Correspondent Brokers at other companies

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Oppenheimer HoldingsOPY

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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Operating cash flow-$291.7M-40.8%
CapEx$7.8M-45.2%
Free cash flow-$293.9M-34.6%

Valuation

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Market cap$5.26B-2.5%
Enterprise value$5.13B-4.7%
P/E17.1×-8.4×
P/S2.5×-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:DueToCorrespondentBrokers.

The source filing: Piper Sandler’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 2:19 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001230245-26-000032
(Amounts in thousands)June 30, 2026December 31, 2025
Receivables from brokers, dealers and clearing organizations
Receivable from clearing organizations$187,512$33,482
Receivable from brokers and dealers17,76320,130
Total receivables from brokers, dealers and clearing organizations$205,275$53,612
Payables to brokers, dealers and clearing organizations
Payable to brokers and dealers$2,000$22,358
Total payables to brokers, dealers and clearing organizations$2,000$22,358

Item 1. Financial Statements.

FAQ

What is Piper Sandler's due to correspondent brokers?
Piper Sandler (PIPR) reported due to correspondent brokers of $2M in Q2 2026.
How has Piper Sandler's due to correspondent brokers changed year-over-year?
Piper Sandler's due to correspondent brokers decreased by 67.4% year-over-year, from $6.13M to $2M.
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.

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