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Perella Weinberg Partners (PWP) Financials

Perella Weinberg Partners logo
$17.65 0.00 (0.00%)
Closing price 07/31/2026 04:00 PM Eastern
Extended Trading
$17.67 +0.02 (+0.11%)
As of 07/31/2026 07:35 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Perella Weinberg Partners

Annual Income Statements for Perella Weinberg Partners

This table shows Perella Weinberg Partners' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 0.00 -24 -9.42 18 -17 -65 35
Consolidated Net Income / (Loss)		 -164 -24 4.02 -32 -112 -89 48
Net Income / (Loss) Continuing Operations		 -164 -24 4.02 -32 -112 -89 48
Total Pre-Tax Income 		-162 -21 23 -21 -113 -68 52
Total Operating Income		 -155 -15 67 -48 -115 -79 48
Total Gross Profit		 -9.82 120 201 86 40 94 216
Total Revenue		 533 519 802 632 649 878 751
Operating Revenue		 533 519 802 632 649 878 751
Total Cost of Revenue		 543 399 601 545 609 784 535
Operating Cost of Revenue		 543 399 601 545 609 784 535
Total Operating Expenses		 145 134 134 134 155 172 168
Selling, General & Admin Expense		 82 85 87 85 94 108 99
Depreciation Expense		 16 16 14 11 15 20 21
Other Operating Expenses / (Income)		 47 34 33 38 46 44 47
Total Other Income / (Expense), net		 -6.48 -6.29 -44 26 2.28 10 3.51
Other Income / (Expense), net		 8.92 9.45 3.38 26 2.28 10 3.51
Income Tax Expense		 2.42 3.45 19 10 -0.98 21 3.51
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 0.00 13 -50 -95 -25 13
Basic Earnings per Share		 $0.00 $0.00 ($0.22) $0.41 ($0.40) ($1.22) $0.55
Weighted Average Basic Shares Outstanding		 0.00 0.00 42.60M 43.84M 43.27M 53.19M 64.21M
Diluted Earnings per Share		 $0.00 $0.00 ($0.66) ($0.46) ($1.33) ($1.22) $0.47
Weighted Average Diluted Shares Outstanding		 0.00 0.00 92.75M 89.76M 86.78M 53.19M 100.85M
Weighted Average Basic & Diluted Shares Outstanding		 6.87M 23M 93.26M 85.39M 86.32M 86.79M 91.79M

Quarterly Income Statements for Perella Weinberg Partners

This table shows Perella Weinberg Partners' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -10 -36 -66 16 21 17 2.74 6.00 9.40 1.49 5.30
Consolidated Net Income / (Loss)		 -42 -70 -81 29 33 21 4.27 8.57 14 -0.75 6.33
Net Income / (Loss) Continuing Operations		 -42 -70 -81 29 33 21 4.27 8.57 14 -0.75 6.33
Total Pre-Tax Income 		-44 -51 -81 36 28 12 6.25 12 22 -11 6.08
Total Operating Income		 -44 -54 -82 36 21 12 8.95 8.87 19 -13 5.06
Total Gross Profit		 -2.44 -13 -38 76 70 63 47 48 58 27 41
Total Revenue		 213 102 272 278 226 212 155 165 219 149 157
Operating Revenue		 213 102 272 278 226 212 155 165 219 149 157
Total Cost of Revenue		 215 115 310 202 156 149 108 116 161 122 116
Operating Cost of Revenue		 215 115 310 202 156 149 108 116 161 122 116
Total Operating Expenses		 42 40 44 40 48 51 38 39 39 40 36
Selling, General & Admin Expense		 26 24 28 24 31 34 21 23 21 22 18
Depreciation Expense		 4.51 5.08 5.11 5.13 5.06 5.00 5.05 5.02 5.76 5.83 5.83
Other Operating Expenses / (Income)		 11 11 11 11 12 12 12 11 12 12 12
Total Other Income / (Expense), net		 0.02 2.66 0.75 0.46 6.42 0.23 -2.70 2.72 3.25 2.26 1.03
Other Income / (Expense), net		 0.02 2.66 0.75 0.46 6.42 0.23 -2.70 2.72 3.25 2.26 1.03
Income Tax Expense		 -1.53 19 -0.64 7.51 -4.87 -9.47 1.98 3.02 7.98 -9.90 -0.25
Net Income / (Loss) Attributable to Noncontrolling Interest		 -32 -34 -15 12 12 4.03 1.53 2.56 4.40 -2.23 1.03
Basic Earnings per Share		 ($0.24) ($0.73) ($1.21) $0.29 $0.43 $0.28 $0.04 $0.09 $0.14 $0.02 $0.07
Weighted Average Basic Shares Outstanding		 43.27M 49.20M 54.59M 55.51M 53.19M 62.14M 63.06M 64.07M 64.21M 70.40M 74.16M
Diluted Earnings per Share		 ($0.50) ($0.91) ($1.21) $0.24 $0.66 $0.24 $0.04 $0.08 $0.11 $0.02 $0.06
Weighted Average Diluted Shares Outstanding		 86.78M 90.52M 54.59M 69.80M 53.19M 75.84M 98.83M 100.23M 100.85M 101.18M 101.73M
Weighted Average Basic & Diluted Shares Outstanding		 86.32M 94.21M 85.84M 88.16M 86.79M 88.38M 87.48M 88.81M 91.79M 92.93M 94.04M

Annual Cash Flow Statements for Perella Weinberg Partners

This table details how cash moves in and out of Perella Weinberg Partners' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -142 64 174 -331 76 83 -76
Net Cash From Operating Activities		 -106 86 235 -18 146 223 35
Net Cash From Continuing Operating Activities		 -106 86 235 -18 146 223 35
Net Income / (Loss) Continuing Operations		 -164 -24 4.02 -32 -112 -89 48
Consolidated Net Income / (Loss)		 -164 -24 4.02 -32 -112 -89 48
Depreciation Expense		 16 16 14 11 15 20 21
Non-Cash Adjustments To Reconcile Net Income		 210 45 161 154 201 206 124
Changes in Operating Assets and Liabilities, net		 -171 46 55 -151 42 86 -158
Net Cash From Investing Activities		 -7.27 -5.52 -2.44 -166 -5.82 -0.10 52
Net Cash From Continuing Investing Activities		 -7.27 -5.52 -2.44 -166 -5.82 -0.10 52
Purchase of Property, Plant & Equipment		 -7.42 -5.52 -1.46 -27 -58 -16 -4.31
Acquisitions		 - - - - 0.00 0.00 -19
Purchase of Investments		 - 0.00 0.00 -139 -89 -75 0.00
Sale and/or Maturity of Investments		 - - 0.00 0.00 141 91 75
Other Investing Activities, net		 0.15 0.00 -0.98 -0.50 0.49 0.00 0.00
Net Cash From Financing Activities		 -30 -22 -55 -137 -67 -137 -169
Net Cash From Continuing Financing Activities		 -30 -22 -55 -137 -67 -137 -169
Repayment of Debt		 8.16 -32 -187 0.00 0.00 -2.28 0.00
Repurchase of Common Equity		 0.00 0.00 -12 -68 -22 -15 -34
Payment of Dividends		 -38 -12 -96 -57 -27 -39 -27
Issuance of Common Equity		 - 0.00 0.00 35 0.00 66 0.00
Other Financing Activities, net		 0.00 0.00 240 -46 -17 -147 -108
Effect of Exchange Rate Changes		 1.64 5.93 -3.58 -9.84 2.89 -3.34 6.32
Cash Income Taxes Paid		 1.68 2.24 13 26 4.57 10 9.24

Quarterly Cash Flow Statements for Perella Weinberg Partners

This table details how cash moves in and out of Perella Weinberg Partners' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 121 -90 27 75 71 -220 34 40 70 -178 38
Net Cash From Operating Activities		 158 -206 90 200 139 -177 56 59 96 -110 49
Net Cash From Continuing Operating Activities		 158 -206 90 200 139 -177 56 59 96 -110 49
Net Income / (Loss) Continuing Operations		 -42 -70 -81 29 33 21 4.27 8.57 14 -0.75 6.33
Consolidated Net Income / (Loss)		 -42 -70 -81 29 33 21 4.27 8.57 14 -0.75 6.33
Depreciation Expense		 4.51 5.08 5.11 5.13 5.06 5.00 5.05 5.02 5.76 5.83 5.83
Non-Cash Adjustments To Reconcile Net Income		 55 50 96 35 25 31 35 29 29 35 40
Changes in Operating Assets and Liabilities, net		 142 -191 69 131 77 -234 12 17 47 -149 -2.83
Net Cash From Investing Activities		 -32 83 -6.26 -76 -0.66 74 -0.79 -1.52 -20 -2.06 -1.66
Net Cash From Continuing Investing Activities		 -32 83 -6.26 -76 -0.66 74 -0.79 -1.52 -20 -2.06 -1.66
Purchase of Property, Plant & Equipment		 -12 -8.46 -6.26 -0.99 -0.66 -1.04 -0.79 -1.52 -0.96 -2.06 -1.66
Net Cash From Financing Activities		 -7.04 34 -57 -51 -63 -121 -24 -18 -5.93 -64 -8.89
Net Cash From Continuing Financing Activities		 -7.04 34 -57 -51 -63 -121 -24 -18 -5.93 -64 -8.89
Payment of Dividends		 -6.00 -7.63 -6.20 -15 -10 -8.35 -4.40 -9.75 -4.65 -8.63 -8.45
Other Financing Activities, net		 -1.03 -25 -33 -37 -53 -98 -2.22 -6.26 -1.28 -55 -0.44
Effect of Exchange Rate Changes		 1.67 -0.66 -0.10 2.04 -4.61 3.18 2.27 0.77 0.10 -2.71 -0.09
Cash Income Taxes Paid		 0.13 0.70 0.34 -2.07 11 9.60 -0.36 -0.40 0.39 -0.17 1.81

Annual Balance Sheets for Perella Weinberg Partners

This table presents Perella Weinberg Partners' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 0.07 543 718 717 761 877 798
Total Current Assets		 0.01 396 574 419 421 511 366
Cash & Equivalents		 0.01 329 503 172 247 332 256
Accounts Receivable		 - 41 47 71 51 74 63
Prepaid Expenses		 0.00 26 24 36 31 29 47
Plant, Property, & Equipment, net		 0.00 17 10 48 94 85 77
Total Noncurrent Assets		 0.05 130 134 250 247 281 354
Goodwill		 - 34 34 34 34 34 73
Intangible Assets		 - 39 32 26 19 13 13
Noncurrent Deferred & Refundable Income Taxes		 - 1.21 21 33 46 93 130
Other Noncurrent Operating Assets		 0.05 56 46 156 147 141 140
Total Liabilities & Shareholders' Equity		 0.07 543 718 717 761 877 798
Total Liabilities		 0.04 469 447 457 493 647 537
Total Current Liabilities		 0.04 22 31 51 52 69 47
Accounts Payable		 - 22 31 51 52 69 47
Total Noncurrent Liabilities		 0.00 447 416 406 441 578 490
Noncurrent Employee Benefit Liabilities		 - 231 323 217 234 325 210
Other Noncurrent Operating Liabilities		 - 58 85 189 207 253 280
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 0.00 - - - 0.00 651 388
Total Equity & Noncontrolling Interests		 0.02 74 271 260 268 -421 -127
Total Preferred & Common Equity		 0.02 74 126 137 153 -421 -127
Preferred Stock		 0.00 - 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 0.02 74 126 137 153 -421 -127
Common Stock		 0.03 77 158 242 313 0.01 144
Retained Earnings		 -0.00 0.00 -18 -18 -55 -304 -131
Treasury Stock		 - 0.00 -12 -80 -101 -111 -138
Accumulated Other Comprehensive Income / (Loss)		 - -2.33 -1.75 -6.54 -4.48 -6.19 -2.52

Quarterly Balance Sheets for Perella Weinberg Partners

This table presents Perella Weinberg Partners' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 525 582 634 584 646 811 570 607 650 596 645
Total Current Assets		 212 265 308 246 312 462 200 229 263 162 203
Cash & Equivalents		 105 130 127 157 185 260 111 145 186 78 116
Accounts Receivable		 45 51 72 61 94 91 47 48 41 34 37
Prepaid Expenses		 37 34 40 28 32 36 42 36 36 50 50
Plant, Property, & Equipment, net		 61 71 82 93 91 89 82 81 79 75 73
Total Noncurrent Assets		 251 243 243 245 243 260 288 297 308 359 369
Goodwill		 34 34 34 34 34 34 34 34 34 73 73
Intangible Assets		 24 22 21 18 16 14 11 9.32 7.68 10 8.02
Noncurrent Deferred & Refundable Income Taxes		 36 36 41 48 52 66 104 115 128 140 154
Other Noncurrent Operating Assets		 157 150 147 144 141 145 139 138 138 136 134
Total Liabilities & Shareholders' Equity		 525 582 634 584 646 811 570 607 650 596 645
Total Liabilities		 275 324 369 305 422 569 409 431 450 368 381
Total Current Liabilities		 42 35 45 60 74 85 73 63 47 42 41
Accounts Payable		 42 35 45 60 74 85 73 63 47 42 41
Total Noncurrent Liabilities		 234 289 325 245 348 485 336 367 403 325 340
Noncurrent Employee Benefit Liabilities		 37 90 119 34 133 250 85 107 132 49 55
Other Noncurrent Operating Liabilities		 194 196 204 210 215 235 251 261 271 276 285
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 - - - - 506 603 485 495 503 383 310
Total Equity & Noncontrolling Interests		 249 258 265 279 -283 -361 -323 -318 -302 -155 -46
Total Preferred & Common Equity		 133 141 144 162 -283 -361 -323 -318 -302 -155 -46
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 133 141 144 162 -283 -361 -323 -318 -302 -155 -46
Common Stock		 261 279 291 362 4.13 0.01 0.01 0.01 0.01 119 229
Retained Earnings		 -28 -33 -40 -96 -168 -246 -198 -179 -162 -136 -137
Treasury Stock		 -94 -101 -101 -99 -114 -111 -121 -138 -138 -135 -135
Accumulated Other Comprehensive Income / (Loss)		 -5.75 -4.82 -6.21 -5.11 -5.17 -2.87 -4.26 -0.72 -2.06 -3.81 -3.96

Annual Metrics And Ratios for Perella Weinberg Partners

This table displays calculated financial ratios and metrics derived from Perella Weinberg Partners' official financial filings.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - 88,808,922.00
DEI Adjusted Shares Outstanding		 - - - - - - 88,808,922.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - 0.40
Growth Metrics		 - - - - - - -
Profitability Metrics		 - - - - - - -
Net Operating Profit after Tax (NOPAT)		 -109 -10 12 -33 -81 -55 45
Return On Investment Capital (ROIC_SIMPLE)		 - - - -12.84% -30.04% 13.05% -35.13%
Earnings before Interest and Taxes (EBIT)		 -146 -5.15 70 -21 -113 -68 52
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -127 14 84 -11 -98 -48 72
Valuation Ratios		 - - - - - - -
Leverage & Solvency		 - - - - - - -
Liquidity Ratios		 - - - - - - -
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 98 135 -213 -62 53 -138
Efficiency Ratios		 - - - - - - -
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 0.01 -108 -231 -52 -70 -178 4.83
Increase / (Decrease) in Invested Capital		 0.00 -108 -124 180 -19 -108 182
Book Value per Share		 $0.00 $2.36 $1.36 $1.57 $1.77 ($4.78) ($1.43)
Tangible Book Value per Share		 $0.00 $0.03 $0.64 $0.89 $1.15 ($5.31) ($2.39)
Total Capital		 0.02 221 271 260 268 230 261
Total Debt		 0.00 147 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 147 0.00 0.00 0.00 0.00 0.00
Net Debt		 -0.01 -182 -503 -312 -338 -407 -256
Capital Expenditures (CapEx)		 7.42 5.52 1.46 27 58 16 4.31
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.04 44 40 56 30 35 63
Debt-free Net Working Capital (DFNWC)		 -0.03 373 543 368 368 442 319
Net Working Capital (NWC)		 -0.03 373 543 368 368 442 319
Net Nonoperating Expense (NNE)		 55 14 7.65 -1.67 31 34 -3.27
Net Nonoperating Obligations (NNO)		 -0.01 -182 -503 -312 -338 -407 -256
Total Depreciation and Amortization (D&A)		 19 19 14 11 15 20 21
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.41 ($0.40) ($1.22) $0.55
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 43.84M 43.27M 53.19M 64.21M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 ($0.46) ($1.33) ($1.22) $0.47
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 89.76M 86.78M 53.19M 100.85M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 85.39M 86.32M 86.79M 91.79M
Normalized Net Operating Profit after Tax (NOPAT)		 -109 -10 47 -33 -81 -55 45
Debt Service Ratios		 - - - - - - -
Payout Ratios		 - - - - - - -

Quarterly Metrics And Ratios for Perella Weinberg Partners

This table displays calculated financial ratios and metrics derived from Perella Weinberg Partners' official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - 88,808,922.00 91,791,594.00 92,934,473.00
DEI Adjusted Shares Outstanding		 - - - - - - - - 88,808,922.00 91,791,594.00 92,934,473.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - 0.11 0.02 0.06
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 16.12% -22.29% 64.30% 100.17% 6.11% 107.42% -42.92% -40.83% - -29.70% 0.81%
EBITDA Growth		 -93.82% -137.45% -298.35% 305.00% 183.30% 136.88% 114.79% -59.95% - -128.47% 5.41%
EBIT Growth		 -91.18% -129.99% -257.20% 251.91% 163.23% 123.37% 107.67% -68.12% - -189.44% -2.62%
NOPAT Growth		 -124.97% -136.06% -278.04% 252.43% 181.61% 155.90% 110.62% -76.99% - -143.09% -13.94%
Net Income Growth		 -87.61% -155.29% -342.50% 221.51% 177.00% 130.53% 105.28% -70.30% - -103.49% 48.34%
EPS Growth		 0.00% -145.95% -536.84% 188.89% 232.00% 126.37% 103.31% -66.67% - -91.67% 50.00%
Operating Cash Flow Growth		 95.71% -56.39% 10.34% 428.61% -11.96% 14.45% -37.64% -70.46% - 37.85% -13.01%
Free Cash Flow Firm Growth		 93.69% 43.86% 76.11% 301.30% 1,185.67% 327.92% 163.69% -153.57% - -217.61% -952.19%
Invested Capital Growth		 -36.01% 2.72% -49.19% -236.92% -153.39% -58.75% -18.50% 116.04% - 198.46% 378.14%
Revenue Q/Q Growth		 53.00% -51.98% 166.33% 2.30% -18.89% -6.13% -26.70% 6.04% - -32.05% 5.11%
EBITDA Q/Q Growth		 -94.88% -17.03% -66.67% 154.31% -20.81% -48.55% -33.14% 47.01% - -117.47% 347.58%
EBIT Q/Q Growth		 -83.64% -16.58% -60.07% 144.61% -23.56% -57.18% -47.49% 85.47% - -148.86% 157.17%
NOPAT Q/Q Growth		 -64.72% -21.83% -53.52% 149.48% -11.82% -16.55% -70.84% 7.22% - -176.95% 158.25%
Net Income Q/Q Growth		 -78.67% -65.05% -15.49% 135.68% 13.23% -34.56% -80.03% 100.68% - -105.40% 949.80%
EPS Q/Q Growth		 -85.19% -82.00% -32.97% 119.83% 175.00% -63.64% -83.33% 100.00% - -81.82% 200.00%
Operating Cash Flow Q/Q Growth		 318.02% -230.30% 143.62% 122.49% -30.38% -226.60% 131.80% 5.40% - -214.25% 144.50%
Free Cash Flow Firm Q/Q Growth		 87.07% -233.37% 49.25% 1,019.87% -30.24% -30.02% -85.82% -873.69% - 36.05% -2.76%
Invested Capital Q/Q Growth		 -202.74% 274.51% -68.85% -345.13% -90.13% 128.41% -38.45% -51.75% - 3,015.47% -1.39%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 -1.15% -12.99% -14.14% 27.29% 30.84% 29.55% 30.24% 29.34% - 18.03% 25.96%
EBITDA Margin		 -18.54% -44.87% -28.08% 14.91% 14.56% 7.98% 7.28% 10.09% - -3.23% 7.61%
Operating Margin		 -20.67% -52.45% -30.23% 12.90% 9.47% 5.51% 5.76% 5.39% - -8.66% 3.23%
EBIT Margin		 -20.66% -49.85% -29.96% 13.06% 12.31% 5.62% 4.02% 7.04% - -7.15% 3.89%
Profit (Net Income) Margin		 -19.94% -68.54% -29.72% 10.37% 14.47% 10.09% 2.75% 5.20% - -0.50% 4.04%
Tax Burden Percent		 96.51% 137.51% 99.21% 79.35% 117.53% 179.62% 68.31% 73.91% - 7.00% 104.06%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 20.65% -17.53% -79.62% 31.69% 26.09% - 0.00% -4.06%
Return on Invested Capital (ROIC)		 0.00% -188.37% -271.58% 0.00% 0.00% 113.12% 99.14% 0.00% - -41.50% 25.80%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -165.69% -258.95% 0.00% 0.00% 112.81% 100.26% 0.00% - -50.27% 24.98%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 89.94% 198.14% 0.00% 0.00% -68.58% -82.90% 0.00% - 24.35% -14.80%
Return on Equity (ROE)		 -42.33% -98.44% -73.45% -64.92% -35.88% 44.54% 16.24% 30.24% - -17.15% 11.00%
Cash Return on Invested Capital (CROIC)		 0.00% -87.33% -190.29% 0.00% 0.00% 72.41% 258.86% -328.96% - -78.78% -109.69%
Operating Return on Assets (OROA)		 -18.13% -55.72% -35.43% 15.64% 13.20% 9.62% 5.60% 7.30% - -8.43% 4.28%
Return on Assets (ROA)		 -17.50% -76.62% -35.15% 12.41% 15.52% 17.27% 3.82% 5.39% - -0.59% 4.45%
Return on Common Equity (ROCE)		 -23.24% -55.04% 21.68% 27.75% 19.36% -16.29% -24.45% -45.34% - 21.01% -9.10%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -95.37% 76.68% 45.57% 0.00% -0.63% 0.00% 0.00% - 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -31 -37 -58 28 25 21 6.11 6.55 12 -9.03 5.26
NOPAT Margin		 -14.47% -36.71% -21.16% 10.24% 11.13% 9.89% 3.94% 3.98% - -6.06% 3.36%
Net Nonoperating Expense Percent (NNEP)		 -3.58% -22.68% -12.63% 0.14% 2.02% 0.31% -1.12% 0.77% - 8.77% 0.82%
Return On Investment Capital (ROIC_SIMPLE)		 -11.47% - - - -5.96% -6.49% -1.92% -2.17% -9.22% 5.84% -11.49%
Cost of Revenue to Revenue		 101.15% 112.99% 114.14% 72.71% 69.16% 70.45% 69.76% 70.66% - 81.97% 74.04%
SG&A Expenses to Revenue		 12.03% 23.84% 10.33% 8.71% 13.79% 16.03% 13.54% 13.98% - 14.86% 11.65%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Operating Expenses to Revenue		 19.52% 39.45% 16.09% 14.39% 21.38% 24.04% 24.48% 23.95% - 26.70% 22.73%
Earnings before Interest and Taxes (EBIT)		 -44 -51 -81 36 28 12 6.25 12 22 -11 6.08
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -39 -46 -76 41 33 17 11 17 28 -4.81 12
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 6.77 7.48 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Price to Tangible Book Value (P/TBV)		 10.43 11.02 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Price to Revenue (P/Rev)		 1.59 1.96 2.11 1.92 2.39 1.62 1.97 2.46 - 2.42 2.15
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 30.00 39.80 - 84.94 66.84
Dividend Yield		 2.33% 1.99% 1.72% 1.45% 1.18% 1.90% 1.80% 1.31% - 1.54% 1.75%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.33% 2.51% - 1.18% 1.50%
Enterprise Value to Invested Capital (EV/IC)		 0.00 9.58 48.59 0.00 0.00 39.05 66.51 145.64 - 13.10 11.30
Enterprise Value to Revenue (EV/Rev)		 1.25 1.89 2.55 2.23 2.66 2.00 2.37 2.88 - 2.87 2.43
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 132.70 20.15 28.10 - 38.95 32.73
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 25.11 37.94 - 68.07 58.23
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 25.05 36.92 - 94.18 88.46
Enterprise Value to Operating Cash Flow (EV/OCF)		 5.56 16.40 23.17 7.94 10.47 7.78 9.42 27.91 - 19.41 17.79
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 31.58 44.52 31.50 23.08 0.00 - 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Financial Leverage		 -1.23 -0.54 -0.77 -1.05 -1.50 -0.61 -0.83 -1.18 - -0.48 -0.59
Leverage Ratio		 2.80 2.10 2.55 2.85 3.29 2.62 3.13 3.30 - 2.99 2.84
Compound Leverage Factor		 2.80 2.10 2.55 2.85 3.29 2.62 3.13 3.30 - 2.99 2.84
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Noncontrolling Interests to Total Capital		 43.09% 41.97% 226.67% 249.25% 283.39% 299.82% 280.82% 250.81% - 167.78% 117.32%
Common Equity to Total Capital		 56.91% 58.03% -126.67% -149.25% -183.39% -199.82% -180.82% -150.81% - -67.78% -17.32%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Altman Z-Score		 2.40 3.31 2.96 3.10 3.17 3.93 3.77 3.76 - 3.74 3.44
Noncontrolling Interest Sharing Ratio		 45.09% 44.09% 129.51% 142.75% 153.96% 136.58% 250.54% 249.96% - 222.53% 182.69%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 8.07 4.11 4.21 5.46 7.42 2.73 3.61 5.58 - 3.84 4.98
Quick Ratio		 7.48 3.65 3.77 5.04 6.99 2.17 3.05 4.81 - 2.65 3.74
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -12 -41 -21 190 133 93 13 -102 -171 -109 -112
Operating Cash Flow to CapEx		 1,309.45% -2,438.78% 1,437.15% 20,167.67% 21,189.97% -16,908.14% 7,131.77% 3,894.54% - -5,315.26% 2,948.31%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.88 1.12 1.18 1.20 1.07 1.71 1.39 1.04 - 1.18 1.10
Accounts Receivable Turnover		 10.58 11.59 10.01 10.58 13.96 18.18 12.23 11.44 - 16.93 16.22
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Fixed Asset Turnover		 9.13 8.03 8.97 10.09 9.84 11.28 10.16 9.02 - 8.76 9.00
Accounts Payable Turnover		 11.77 11.96 14.13 13.03 12.96 12.30 8.97 8.04 - 8.81 9.91
Days Sales Outstanding (DSO)		 34.50 31.49 36.48 34.49 26.14 20.08 29.85 31.91 - 21.56 22.51
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Days Payable Outstanding (DPO)		 31.01 30.53 25.84 28.01 28.16 29.66 40.70 45.39 - 41.43 36.85
Cash Conversion Cycle (CCC)		 3.49 0.96 10.64 6.49 -2.02 -9.59 -10.85 -13.48 - -19.87 -14.34
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -70 122 38 -93 -178 50 31 15 4.83 151 149
Invested Capital Turnover		 -10.67 5.13 12.83 -68.68 -7.09 11.43 25.18 -19.31 - 6.84 7.68
Increase / (Decrease) in Invested Capital		 -19 3.23 -37 -162 -108 -72 -7.05 108 182 100 117
Enterprise Value (EV)		 811 1,172 1,852 1,925 2,339 1,971 2,066 2,182 - 1,972 1,678
Market Capitalization		 1,033 1,212 1,531 1,658 2,096 1,597 1,716 1,865 - 1,667 1,483
Book Value per Share		 $1.77 $3.29 ($3.00) ($4.20) ($4.78) ($3.72) ($3.60) ($3.46) ($1.43) ($1.69) ($0.49)
Tangible Book Value per Share		 $1.15 $2.24 ($3.54) ($4.77) ($5.31) ($4.25) ($4.10) ($3.94) ($2.39) ($2.59) ($1.36)
Total Capital		 268 279 223 242 230 162 176 201 261 228 264
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -338 -157 -185 -335 -407 -111 -145 -186 -256 -78 -116
Capital Expenditures (CapEx)		 12 8.46 6.26 0.99 0.66 1.04 0.79 1.52 0.96 2.06 1.66
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 30 30 52 43 35 16 21 30 63 42 46
Debt-free Net Working Capital (DFNWC)		 368 186 238 378 442 127 166 216 319 120 162
Net Working Capital (NWC)		 368 186 238 378 442 127 166 216 319 120 162
Net Nonoperating Expense (NNE)		 12 33 23 -0.36 -7.54 -0.41 1.84 -2.01 -2.06 -8.29 -1.07
Net Nonoperating Obligations (NNO)		 -338 -157 -185 -335 -407 -111 -145 -186 -256 -78 -116
Total Depreciation and Amortization (D&A)		 4.51 5.08 5.11 5.13 5.06 5.00 5.05 5.02 5.76 5.83 5.83
Debt-free, Cash-free Net Working Capital to Revenue		 4.64% 4.76% 7.20% 4.93% 3.96% 1.59% 2.36% 3.99% - 6.11% 6.72%
Debt-free Net Working Capital to Revenue		 56.80% 30.06% 32.73% 43.67% 50.35% 12.85% 19.01% 28.49% - 17.40% 23.53%
Net Working Capital to Revenue		 56.80% 30.06% 32.73% 43.67% 50.35% 12.85% 19.01% 28.49% - 17.40% 23.53%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.24) ($0.73) ($1.21) $0.29 $0.43 $0.28 $0.04 $0.09 $0.14 $0.02 $0.07
Adjusted Weighted Average Basic Shares Outstanding		 43.27M 49.20M 54.59M 55.51M 53.19M 62.14M 63.06M 64.07M 64.21M 70.40M 74.16M
Adjusted Diluted Earnings per Share		 ($0.50) ($0.91) ($1.21) $0.24 $0.66 $0.24 $0.04 $0.08 $0.11 $0.02 $0.06
Adjusted Weighted Average Diluted Shares Outstanding		 86.78M 90.52M 54.59M 69.80M 53.19M 75.84M 98.83M 100.23M 100.85M 101.18M 101.73M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 86.32M 94.21M 85.84M 88.16M 86.79M 88.38M 87.48M 88.81M 91.79M 92.93M 94.04M
Normalized Net Operating Profit after Tax (NOPAT)		 -31 -37 -58 28 15 8.17 6.11 6.55 12 -9.03 3.54
Normalized NOPAT Margin		 -14.47% -36.71% -21.16% 10.24% 6.63% 3.86% 3.94% 3.98% - -6.06% 2.26%
Pre Tax Income Margin		 -20.66% -49.85% -29.96% 13.06% 12.31% 5.62% 4.02% 7.04% - -7.15% 3.89%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -24.42% -18.32% -11.90% -20.93% -43.15% 1,935.73% 43.00% 48.81% - 105.96% 112.65%
Augmented Payout Ratio		 -44.53% -23.33% -18.81% -30.06% -59.94% 3,386.79% 79.44% 99.14% - 180.19% 119.47%

Financials Breakdown Chart

Key Financial Trends

Perella Weinberg Partners (NASDAQ: PWP) showed a sharp rebound in late 2024, but the latest quarter suggests that momentum has cooled materially. The business remains highly profitable at times, but results can swing widely from quarter to quarter, which is typical for an advisory firm tied to deal activity. The balance sheet also shows a large amount of liabilities and a negative common equity position, so investors should focus heavily on cash generation and consistency rather than just reported earnings.

  • Q1 2026 still generated positive bottom-line results for common shareholders at $1.5 million, despite a consolidated net loss, helped by noncontrolling-interest accounting.
  • Cash and equivalents were still solid at $77.7 million at the end of Q1 2026, giving the company some liquidity cushion.
  • Total current assets of $161.9 million exceeded current liabilities of $42.2 million, which points to manageable short-term liquidity.
  • Q4 2025 was a strong quarter operationally, with revenue of $219.2 million, operating income of $18.5 million, and net income attributable to common shareholders of $9.4 million.
  • Q4 2025 operating cash flow was robust at $96.0 million, showing the business can convert earnings into cash when conditions are favorable.
  • For full-year comparison, revenue and profit improved sharply from the weak 2024 period, indicating the franchise can recover quickly when deal activity improves.
  • Stockholders’ common equity improved from deeply negative levels in 2024 to a less negative $154.7 million in Q1 2026, though it remains negative.
  • Earnings remain highly volatile quarter to quarter, with revenue swinging from $219.2 million in Q4 2025 to $148.9 million in Q1 2026.
  • Cash flow is seasonal and lumpy, reflecting the episodic nature of advisory fees and transaction timing.
  • Q1 2026 operating cash flow was sharply negative at $109.7 million, a major deterioration from the strong prior quarter.
  • Net income attributable to common shareholders fell to just $1.5 million in Q1 2026, down from $9.4 million in Q4 2025.
  • Revenue declined 32% sequentially in Q1 2026, which pushed the company to an operating loss of $12.9 million.
  • Balance sheet leverage remains a concern, with total liabilities of $367.5 million and redeemable noncontrolling interest of $383.0 million versus negative common equity.
  • Common equity remains negative at $154.7 million, which is a red flag for financial flexibility even though the firm is cash-generative in stronger quarters.
  • Compared with 2024, the latest quarter shows a clear slowdown in profitability and cash generation, suggesting PWP is still very dependent on market conditions and deal flow.

Bottom line: PWP looks like a cyclical story with the ability to produce strong quarters, but the latest results show meaningful softness versus late 2025. Investors should watch whether revenue and operating cash flow can stabilize, because the balance sheet structure and earnings volatility leave little room for prolonged weakness.

08/03/26 05:25 AM ETAI Generated. May Contain Errors.

Perella Weinberg Partners Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Perella Weinberg Partners' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Perella Weinberg Partners' net income appears to be on a downward trend, with a most recent value of $48.00 million in 2025, falling from -$164.02 million in 2019. The previous period was -$89.34 million in 2024. Check out Perella Weinberg Partners' forecast to explore projected trends and price targets.

Perella Weinberg Partners' total operating income in 2025 was $48.01 million, based on the following breakdown:
  • Total Gross Profit: $215.55 million
  • Total Operating Expenses: $167.54 million

Over the last 6 years, Perella Weinberg Partners' total revenue changed from $533.30 million in 2019 to $750.90 million in 2025, a change of 40.8%.

Perella Weinberg Partners' total liabilities were at $536.90 million at the end of 2025, a 17.0% decrease from 2024, and a 1,250,504.5% increase since 2019.

In the past 6 years, Perella Weinberg Partners' cash and equivalents has ranged from $10.76 thousand in 2019 to $502.77 million in 2021, and is currently $255.91 million as of their latest financial filing in 2025.

Over the last 6 years, Perella Weinberg Partners' book value per share changed from 0.00 in 2019 to -1.43 in 2025, a change of -43,557.6%.


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Financial statements for NASDAQ:PWP last updated on 7/31/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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