Piper Sandler Companies (PIPR) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 765.71M | 924.94M | 711.57M | 426.08M | 318.12M | 834.01M | 548.27M | 517.06M | 350.26M | 383.1M | 473.94M | 363.14M | 241.25M | 734.9M | 578.05M | 508.75M | 476.55M | 1.3B | 869.32M | 802.02M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | 27.03 | 12.66 | 18.78 | 25.5 | 29.1 | 16.42 | 13.98 | 10.69 | 9.6 | 7.41 | 16.1 | 16.67 | 14.9 | 11.08 | 13.86 | 10.7 | 10.9 | 7.35 | 11.86 | 11.1 |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | -217.22M | 0 | 0 | 0 | 0 | 53.03M | 0 | 0 | 0 | -268.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 691.25M | 1.67B | 1.51B | 1.53B | 1.5B | 707.13M | 1.48B | 1.4B | 1.47B | 1.76B | 1.49B | 1.58B | 1.56B | 1.45B | 1.46B | 1.44B | 1.41B | 1.27B | 1.32B | 1.31B |
| Property, Plant & Equipment | 135.12M | 141.33M | 147.04M | 148.52M | 144.95M | 126.02M | 127.88M | 123.44M | 125.08M | 130.16M | 133.52M | 140.32M | 148.77M | 155.95M | 153.63M | 157.52M | 143.24M | 123.1M | 122.61M | 124.72M |
| Fixed Asset Turnover | 3.44x | 4.63x | 3.13x | 2.68x | 2.57x | 3.69x | 2.78x | 2.71x | 2.61x | 3.50x | 2.05x | 1.98x | 1.90x | 2.44x | 2.06x | 2.26x | 2.58x | 5.17x | 3.51x | 3.95x |
| Goodwill | 319.26M | 319.26M | 319.39M | 311.94M | 311.94M | 312.02M | 310.33M | 301.76M | 301.76M | 301.76M | 301.76M | 301.76M | 301.76M | 301.15M | 243.97M | 244.32M | 237.43M | 227.51M | 227.51M | 227.51M |
| Intangible Assets | 98.68M | 99.6M | 103.23M | 103.16M | 105.3M | 107.5M | 110.5M | 111.47M | 113.84M | 116.2M | 121M | 125.83M | 130.73M | 135.64M | 130.63M | 134M | 135.46M | 119.78M | 127.3M | 134.82M |
| Long-Term Investments | 863.55M | 818.16M | 708.16M | 748.6M | 720.38M | 678.67M | 654.14M | 620.61M | 456.87M | 666.66M | 669.45M | 649.51M | 661.49M | 646.37M | 628.7M | 599.47M | 576.83M | 494.51M | 579.73M | 535.17M |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 2.13B | 2.59B | 2.22B | 1.96B | 1.82B | 2.26B | 2.03B | 1.92B | 1.82B | 2.14B | 1.97B | 1.94B | 1.8B | 2.18B | 2.04B | 1.95B | 1.88B | 2.57B | 2.19B | 2.11B |
| Asset Turnover | 0.20x | 0.28x | 0.22x | 0.21x | 0.17x | 0.22x | 0.18x | 0.18x | 0.17x | 0.22x | 0.14x | 0.15x | 0.15x | 0.18x | 0.16x | 0.18x | 0.15x | 0.27x | 0.20x | 0.26x |
| Asset Growth % | 17% | 14.93% | 9.24% | 2.04% | -0.11% | 5.37% | 3.4% | -1.05% | 1.02% | -1.86% | -3.75% | -0.54% | -4.17% | -14.96% | -6.94% | -7.73% | 7.04% | 28.45% | 20.48% | 23.58% |
| Total Current Liabilities | 57.15M | 40.66M | 101.76M | 21.13M | 59.7M | 36.22M | 65.29M | 62.78M | 110.17M | 135.33M | 11.83M | 1.27M | 103.9M | 60.31M | 26.92M | 10.42M | 2.38M | 137.72M | 8.59M | 12.41M |
| Accounts Payable | 40.91M | 22.36M | 58.09M | 6.13M | 765K | 5.86M | 1.76M | 21.95M | 3.38M | 979K | 11.83M | 1.27M | 4.02M | 4.62M | 26.92M | 10.42M | 2.38M | 13.25M | 8.59M | 12.41M |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 15M | 15M | 15M | 15M | 15M | 10M | 20M | 0 | 0 | 30M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 1.24M | 3.3M | 28.67M | 0 | 43.94M | 20.35M | 43.54M | 40.83M | 106.79M | 104.36M | 0 | 0 | 99.89M | 55.69M | 0 | 0 | 0 | 124.47M | 0 | 0 |
| Current Ratio | 13.40x | 22.75x | 6.99x | 20.16x | 5.33x | 23.03x | 8.40x | 8.24x | 3.18x | 2.83x | 40.07x | 285.49x | 2.32x | 12.19x | 21.47x | 48.84x | 199.98x | 9.41x | 101.20x | 64.64x |
| Quick Ratio | 13.40x | 22.75x | 6.99x | 20.16x | 5.33x | 23.03x | 8.40x | 8.24x | 3.18x | 2.83x | 40.07x | 285.49x | 2.32x | 12.19x | 21.47x | 48.84x | 199.98x | 9.41x | 101.20x | 64.64x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 515.05M | 969.2M | 654.89M | 538.6M | 382.69M | 803.95M | 604.75M | 516.48M | 387.25M | 706.18M | 734.78M | 680.6M | 460.58M | 867.22M | 822.14M | 762.92M | 723.71M | 1.2B | 1.07B | 1.03B |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 64.29M | 73.75M | 47.82M | 40.44M | 125M | 125M | 125M | 125M | 125M | 125M | 125M | 125M | 175M | 175M |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 572.2M | 1.01B | 756.66M | 559.73M | 442.39M | 840.16M | 670.04M | 579.25M | 497.42M | 841.51M | 746.61M | 681.87M | 564.49M | 927.53M | 849.07M | 773.34M | 726.09M | 1.34B | 1.08B | 1.04B |
| Total Debt | 112.22M | 116.35M | 114.66M | 116.22M | 115.67M | 98.82M | 179.47M | 163.85M | 139.31M | 164.16M | 220.26M | 225.96M | 231.42M | 234.77M | 235.59M | 242.1M | 233.25M | 214.63M | 266.05M | 265.18M |
| Net Debt | -232.21M | -693.06M | 660K | -7.11M | -10.42M | -384.01M | -170.72M | -157.08M | 69.35M | -218.93M | 168.38M | 158.74M | 185.45M | -130.85M | -38.9M | 4.32M | -13.78M | -756.34M | -305.02M | -132.34M |
| Debt / Equity | 0.07x | 0.07x | 0.08x | 0.08x | 0.08x | 0.07x | 0.13x | 0.12x | 0.11x | 0.13x | 0.18x | 0.18x | 0.19x | 0.19x | 0.20x | 0.21x | 0.20x | 0.17x | 0.24x | 0.25x |
| Debt / EBITDA | 1.18x | 0.59x | 1.00x | 2.11x | 3.24x | 1.11x | 2.88x | 4.70x | 2.36x | 1.73x | 37.12x | 9.48x | 6.59x | 4.50x | 8.81x | 5.47x | 5.53x | 1.19x | 3.07x | 2.13x |
| Net Debt / EBITDA | -2.43x | -3.50x | 0.01x | -0.13x | -0.29x | -4.30x | -2.74x | -4.51x | 1.17x | -2.30x | 28.38x | 6.66x | 5.28x | -2.51x | -1.45x | 0.10x | -0.33x | -4.21x | -3.52x | -1.06x |
| Interest Coverage | 120.47x | 201.39x | 131.33x | 27.20x | 22.96x | 64.31x | 41.01x | 16.96x | 37.90x | 36.44x | -1.36x | 5.52x | 9.78x | 18.76x | 7.14x | 15.78x | 16.19x | 65.20x | 28.38x | 42.31x |
| Total Equity | 1.56B | 1.58B | 1.46B | 1.4B | 1.38B | 1.42B | 1.36B | 1.34B | 1.33B | 1.3B | 1.22B | 1.26B | 1.24B | 1.25B | 1.19B | 1.18B | 1.16B | 1.23B | 1.11B | 1.07B |
| Equity Growth % | 13.04% | 11.8% | 7.42% | 4.37% | 4.01% | 8.95% | 11.76% | 6.54% | 6.89% | 3.62% | 2.18% | 6.86% | 7.2% | 2.21% | 7.06% | 9.55% | 16.66% | 32.48% | 29.79% | 32.11% |
| Book Value per Share | 21.87 | 22.21 | 20.54 | 19.74 | 19.18 | 19.81 | 19.16 | 19.01 | 18.92 | 18.71 | 17.66 | 18.42 | 18.04 | 18.52 | 17.82 | 17.40 | 16.72 | 17.67 | 16.34 | 15.85 |
| Total Shareholders' Equity | 1.34B | 1.37B | 1.28B | 1.23B | 1.21B | 1.23B | 1.17B | 1.13B | 1.1B | 1.09B | 1.03B | 1.03B | 1.04B | 1.05B | 1B | 996.64M | 1.02B | 1.06B | 980.21M | 955.05M |
| Common Stock | 779K | 195K | 195K | 195K | 195K | 195K | 195K | 195K | 195K | 195K | 195K | 195K | 195K | 195K | 195K | 195K | 195K | 195K | 195K | 195K |
| Retained Earnings | 680.54M | 728.93M | 629.83M | 581.5M | 556.4M | 561.75M | 505.3M | 481.18M | 461.19M | 454.36M | 412.57M | 418.77M | 428.08M | 453.31M | 423.72M | 418.41M | 405.43M | 450.17M | 386.9M | 349.27M |
| Treasury Stock | -346.12M | -318.58M | -321.65M | -322.87M | -330.71M | -314.66M | -325.4M | -327.39M | -347.16M | -356.3M | -361.15M | -362.93M | -381.2M | -441.65M | -441.89M | -425.1M | -375.51M | -312.57M | -312.27M | -283.53M |
| Accumulated OCI | 1.76M | 2.73M | 2.42M | 3.52M | -43K | -1.18M | 1.56M | -792K | -850K | -894K | -1.97M | -765K | -1.54M | -2.5M | -3.84M | -2.96M | -1.65M | -964K | -250K | 306K |
| Minority Interest | 216.02M | 211.79M | 180.33M | 169.52M | 164.64M | 187.94M | 194.77M | 214.55M | 224.46M | 213.97M | 184.35M | 225.72M | 202.72M | 199.96M | 192.28M | 181M | 139.15M | 164.65M | 133.89M | 119.92M |