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Piper Sandler PIPR Unrecognized Tax Benefits - Impacting Effective Tax Rate

Unrecognized Tax Benefits - Impacting Effective Tax Rate at other companies

Jefferies Financial Group logo
Jefferies Financial GroupJEF
$189.5M-27.1%
Morgan Stanley logo
Morgan StanleyMS
$1.35B+16.2%
Evercore logo
EvercoreEVR
$103K-66.7%
Raymond James Financial logo
Raymond James FinancialRJF
$41M0.0%
Citigroup logo
CitigroupC
$800M-20.0%
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
$1.7B-15.0%

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:UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate.

The official record: Piper Sandler’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Piper Sandler's unrecognized tax benefits - impacting effective tax rate?
Piper Sandler (PIPR) reported unrecognized tax benefits - impacting effective tax rate of $2.2M in Q4 2025.
How has Piper Sandler's unrecognized tax benefits - impacting effective tax rate changed year-over-year?
Piper Sandler's unrecognized tax benefits - impacting effective tax rate increased by 15.8% year-over-year, from $1.9M to $2.2M.
What is the long-term trend for Piper Sandler's unrecognized tax benefits - impacting effective tax rate?
Over 5 years (2020 to 2025), Piper Sandler's unrecognized tax benefits - impacting effective tax rate has grown at a 85.6% compound annual growth rate (CAGR), from $100K to $2.2M.
What does unrecognized tax benefits - impacting effective tax rate mean?
This subset of unrecognized tax benefits represents positions that, if recognized, would directly impact the company's effective tax rate. It highlights the specific portion of tax uncertainty that carries a direct risk to the reported bottom-line tax expense. Investors monitor this to gauge the potential volatility of future tax provisions.