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Piper Sandler PIPR Restructuring and integration costs

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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$5.14B-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 pipr:RestructuringChargesandIntegrationRelatedCosts.

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, except per share data)Three Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Communications15,88514,94430,79530,385
Marketing and business development15,88313,86931,03428,742
Trade execution and clearance5,4144,70110,4519,875
Restructuring and integration costs4,9984,998
Intangible asset amortization2,0582,1474,1154,223
Other operating expenses10,74310,61732,22718,737
Total non-interest expenses395,080347,854781,558675,693
Income before income tax expense100,43548,924188,36678,357

Item 1. Financial Statements.

FAQ

What is Piper Sandler's restructuring and integration costs?
Piper Sandler (PIPR) reported restructuring and integration costs of $0 in Q2 2026.
How has Piper Sandler's restructuring and integration costs changed year-over-year?
Piper Sandler's restructuring and integration costs decreased by 100.0% year-over-year, from $5M to $0.
What is the long-term trend for Piper Sandler's restructuring and integration costs?
Over 4 years (2021 to 2025), Piper Sandler's restructuring and integration costs has grown at a 6.8% compound annual growth rate (CAGR), from $4.72M to $6.14M.
What does restructuring and integration costs mean?
This metric identifies one-time expenses associated with organizational changes, mergers, or strategic realignments. It is used to isolate non-recurring costs from the firm's core operating performance.

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