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Piper Sandler PIPR Advisory services — Investment banking

Other segment segments

Corporate financing
$73.32M+122%
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$23.91M-9.4%

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$7.21M-7.4%

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:InvestmentBankingRevenue.

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 advisory services — investment banking?
Piper Sandler (PIPR) reported advisory services — investment banking of $250.96M in Q1 2026.
How has Piper Sandler's advisory services — investment banking changed year-over-year?
Piper Sandler's advisory services — investment banking increased by 15.8% year-over-year, from $216.8M to $250.96M.
What is the long-term trend for Piper Sandler's advisory services — investment banking?
Over 2 years (2023 to 2025), Piper Sandler's advisory services — investment banking has grown at a 21.0% compound annual growth rate (CAGR), from $709.32M to $1.04B.
What does advisory services — investment banking mean?
This metric represents the total revenue generated from financial advisory services, including strategic consulting, mergers and acquisitions (M&A) advisory, and restructuring mandates. It serves as a primary indicator of the firm's ability to capture market share in high-value corporate transactions and reflects the strength of its client relationships within its core industry sectors. As a key performance driver for the investment banking segment, it highlights the firm's success in executing complex advisory engagements across its diversified sector focus.