Perella Weinberg Partners (PWP) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 31, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PWP SEC filings page.
Perella Weinberg Partners (PWP) reported $689.2M in revenue over the twelve months to Jun 30, 2026, down 20.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Profitability returned in FY2025 despite lower revenue, but cash conversion and negative equity still shape how this advisory business is financed.
The most important shift is that operating performance improved while volume did not: revenue fell to$751M in FY2025 from$878M , yet operating margin moved from-8.9% to6.4% . That combination points to a change in engagement mix, cost structure, or project economics rather than simple scale-driven improvement.
FY2025 net income was
The balance sheet remains structurally unusual: total equity improved from
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Perella Weinberg Partners's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Perella Weinberg Partners earned a return on assets of 6.0% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is up from -10.2% the prior year. Earnings ranks banks on that return over three years, and Perella Weinberg Partners scores 10/100 among other banks.
Perella Weinberg Partners reported revenue of $750.9M in fiscal year 2025, against $878.0M in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and Perella Weinberg Partners scores 49/100 among other banks.
Capital measures the equity a bank holds against the assets on its books, which is what absorbs a bad year before depositors or policyholders feel it. Perella Weinberg Partners scores 1/100 on it among other banks.
Not available for Perella Weinberg Partners, and counted as zero in the overall score.
Not available for Perella Weinberg Partners, and counted as zero in the overall score.
Perella Weinberg Partners reported net income of $48.0M in fiscal year 2025, against a loss of $89.0M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and Perella Weinberg Partners scores 13/100 among other banks.
Perella Weinberg Partners passes 3 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 3 of 4 profitability signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Perella Weinberg Partners generates $0.72 in operating cash flow ($34.8M OCF vs $48.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Perella Weinberg Partners generated $156.5M in revenue in Q2 2026. This represents an increase of 0.8% from the same quarter a year earlier. Against the prior quarter it is up 5.1%.
Perella Weinberg Partners's EBITDA was $10.9M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 22.3% from the same quarter a year earlier. Against the prior quarter it is up 253.9%.
Perella Weinberg Partners reported $5.3M in net income in Q2 2026. This represents an increase of 93.7% from the same quarter a year earlier. Against the prior quarter it is up 256.7%.
Perella Weinberg Partners earned $0.06 per diluted share (EPS) in Q2 2026. This represents an increase of 50.0% from the same quarter a year earlier. Against the prior quarter it is up 200.0%.
Cash & Balance Sheet
Perella Weinberg Partners generated $47.2M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 14.8% from the same quarter a year earlier. Against the prior quarter it is up 142.2%.
Perella Weinberg Partners held $115.8M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Perella Weinberg Partners's operating margin was 3.2% in Q2 2026, reflecting core business profitability. This is down 2.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 11.9 percentage points.
Perella Weinberg Partners's net profit margin was 3.4% in Q2 2026, showing the share of revenue converted to profit. This is up 1.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.4 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Perella Weinberg Partners repurchased no shares in Q2 2026. This represents a decrease of 100.0% from the same quarter a year earlier.
Perella Weinberg Partners invested $1.7M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 110.4% from the same quarter a year earlier. Against the prior quarter it is down 19.8%.
Not reported for Q2 2026.
PWP Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $156.5M+0.8% | $148.9M-29.7% | $219.2M-2.9% | $164.6M-40.8% | $155.3M-42.9% | $211.8M+107.4% | $225.7M+6.1% | $278.2M+100.2% |
| SG&A Expenses | $3.8M-22.0% | $4.2M-22.5% | $3.4M-32.3% | $4.2M-30.0% | $4.9M-32.3% | $5.5M+20.9% | $5.1M+30.4% | $6.0M+19.7% |
| Operating Income | $5.1M-43.5% | -$12.9M-210.6% | $18.5M-13.3% | $8.9M-75.3% | $8.9M+110.9% | $11.7M+121.8% | $21.4M+148.6% | $35.9M+234.5% |
| EBITDA | $10.9M-22.3% | -$7.1M-142.4% | $24.3M-8.1% | $13.9M-66.1% | $14.0M+118.2% | $16.7M+134.4% | $26.4M+167.0% | $41.0M+278.4% |
| Income Tax | -$247K-112.5% | -$9.9M-4.5% | $8.0M+263.9% | $3.0M-59.7% | $2.0M+408.4% | -$9.5M-149.6% | -$4.9M-218.0% | $7.5M+4030.9% |
| Net Income | $5.3M+93.7% | $1.5M-91.4% | $21.9M+726.6% | $6.0M-63.3% | $2.7M+104.1% | $17.3M+148.4% | -$3.5M+96.7% | $16.4M+898.9% |
| EPS (Basic) | $0.07+75.0% | $0.02-92.9% | $0.14-64.1% | $0.09-69.0% | $0.04+103.3% | $0.28+138.4% | $0.39+262.5% | $0.29+680.0% |
| EPS (Diluted) | $0.06+50.0% | $0.02-91.7% | $0.10-74.4% | $0.08-66.7% | $0.04+103.3% | $0.24 | $0.39+179.6% | $0.24 |
| Diluted Shares (Avg) | 102M+2.9% | 101M+33.4% | N/A | 100M+43.6% | 99M+81.0% | 76M | N/A | 70M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Interest Expense.
PWP Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $645.0M+6.3% | $595.8M+4.4% | $797.6M-9.0% | $650.2M-19.8% | $606.7M-6.0% | $570.5M-2.2% | $876.8M+15.2% | $810.9M+27.9% |
| Cash & Equivalents | $115.8M-20.1% | $77.7M-30.2% | $255.9M-22.8% | $185.5M-28.7% | $145.0M-21.7% | $111.2M-29.0% | $331.6M+34.1% | $260.2M+105.6% |
| Short-Term Investments | $0 | $0 | $0-100.0% | $0-100.0% | $0 | $0 | $75.8M-16.8% | $74.9M+7.1% |
| Accounts Receivable | $36.2M-24.1% | $33.5M-28.2% | $62.7M-14.5% | $40.7M-53.4% | $47.7M-47.3% | $46.6M-19.5% | $73.3M+53.4% | $87.5M+27.0% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $72.7M+111.4% | $72.7M+111.4% | $72.7M+111.4% | $34.4M0.0% | $34.4M0.0% | $34.4M0.0% | $34.4M0.0% | $34.4M0.0% |
| Total Liabilities | $690.8M-25.3% | $750.5M-16.0% | $925.0M-28.7% | $952.6M-18.7% | $925.1M-0.4% | $893.6M+111.9% | $1.3B+163.4% | $1.2B+217.2% |
| Total Equity | -$45.8M+85.6% | -$154.7M+52.1% | -$127.4M+69.8% | -$302.4M+16.2% | -$318.4M-12.5% | -$323.1M-299.6% | -$421.4M-376.0% | -$360.8M-350.1% |
| Retained Earnings | -$136.6M+23.9% | -$135.6M+31.4% | -$130.6M+57.0% | -$161.9M+34.3% | -$179.4M-6.9% | -$197.6M-105.9% | -$303.7M-455.7% | -$246.4M-523.8% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
PWP Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $48.8M-13.0% | -$109.7M+37.9% | $96.0M-31.1% | $59.2M-70.5% | $56.1M-37.6% | -$176.5M+14.5% | $139.4M-12.0% | $200.3M+428.6% |
| Depreciation & Amortization | $5.8M+15.3% | $5.8M+16.6% | $5.8M+13.7% | $5.0M-2.1% | $5.1M-1.1% | $5.0M-1.6% | $5.1M+12.2% | $5.1M+38.9% |
| Stock-Based Compensation | $36.3M+29.4% | $31.0M+17.3% | N/A | $27.6M-2.2% | $28.0M-82.5% | $26.4M-44.2% | N/A | $28.2M-34.2% |
| Capital Expenditures | $1.7M+110.4% | $2.1M+97.7% | $963K+46.4% | $1.5M+53.0% | $787K-87.4% | $1.0M-87.7% | $658K-94.6% | $993K-90.7% |
| Free Cash Flow | $47.2M-14.8% | -$111.8M+37.1% | $95.1M-31.5% | $57.6M-71.1% | $55.3M-33.9% | -$177.6M+17.3% | $138.8M-5.1% | $199.3M+632.3% |
| Investing Cash Flow | -$1.7M-110.4% | -$2.1M-102.8% | -$19.8M-2912.3% | -$1.5M+98.0% | -$787K+87.4% | $73.9M-10.7% | -$658K+97.9% | -$75.9M-151.3% |
| Financing Cash Flow | -$8.9M+62.9% | -$63.8M+47.2% | -$5.9M+90.6% | -$17.9M+65.1% | -$23.9M+57.8% | -$120.8M-457.4% | -$62.9M-793.6% | -$51.4M-419.4% |
| Dividends Paid | $6.3M+9.7% | $8.6M+3.4% | $4.6M-0.5% | $5.8M+6.8% | $5.7M+1.9% | $8.3M+75.5% | $4.7M+52.6% | $5.4M+15.5% |
| Share Buybacks | $0-100.0% | $0-100.0% | $0 | $1.9M | $17.3M+15.4% | $14.4M | $0 | $0 |
PWP Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 3.2%-2.5pp | -8.7%-14.2pp | 8.5%-1.0pp | 5.4%-7.5pp | 5.8%+36.0pp | 5.5%+58.0pp | 9.5%+30.1pp | 12.9%+32.1pp |
| Net Margin | 3.4%+1.6pp | 1.0%-7.2pp | 10.0%+11.6pp | 3.6%-2.2pp | 1.8%+26.0pp | 8.2%+43.3pp | -1.6%+47.9pp | 5.9%+7.3pp |
| Return on Assets | 0.8%+0.4pp | 0.3%-2.8pp | 2.8%+3.1pp | 0.9%-1.1pp | 0.4%+10.7pp | 3.0%+9.2pp | -0.4%+13.4pp | 2.0%+2.3pp |
| Asset Turnover | 0.240.0x | 0.25-0.1x | 0.270.0x | 0.25-0.1x | 0.26-0.2x | 0.37+0.2x | 0.260.0x | 0.34+0.1x |
| FCF Margin | 30.1%-5.5pp | -75.1%+8.8pp | 43.4%-18.1pp | 35.0%-36.6pp | 35.6%+4.8pp | -83.8% | 61.5%-7.3pp | 71.6%+52.0pp |
Not reported in any period shown, so not listed: Gross Margin, Return on Equity, Current Ratio, Debt-to-Equity.
Note: Shareholder equity is negative (-$127.4M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Perella Weinberg Partners PWP | FY2025 | $750.9M | $48.0M | 6.4% | $1.2B | 12/100 |
| UP Fintech Holding Ltd TIGR | FY2025 | $538.7M | $171.5M | 31.8% | $776.9M | 39/100 |
| Oppenheimer Holdings, Inc. OPY | FY2025 | $1.6B | $148.4M | 9.1% | $1.2B | 47/100 |
| Bitfarms Ltd. BITF | FY2025 | $229.3M | -$284.5M | N/A | $1.2B | 35/100 |
| Bit Digital, Inc. BTBT | FY2025 | $113.6M | -$80.3M | -70.7% | $490.5M | 35/100 |
| Marex Group Limited MRX | FY2025 | $2.0B | $307.7M | 15.2% | $5.1B | 29/100 |
Where Perella Weinberg Partners Ranks
Frequently Asked Questions
What is Perella Weinberg Partners's annual revenue?
Perella Weinberg Partners (PWP) reported $750.9M in total revenue for fiscal year 2025. This represents a -14.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Perella Weinberg Partners's revenue growing?
Perella Weinberg Partners (PWP) revenue declined by 14.5% year-over-year, from $878.0M to $750.9M in fiscal year 2025.
Is Perella Weinberg Partners profitable?
Yes, Perella Weinberg Partners (PWP) reported a net income of $48.0M in fiscal year 2025, with a net profit margin of 6.4%.
What is Perella Weinberg Partners's EBITDA?
Perella Weinberg Partners (PWP) had EBITDA of $68.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Perella Weinberg Partners's operating margin?
Perella Weinberg Partners (PWP) had an operating margin of 6.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Perella Weinberg Partners's net profit margin?
Perella Weinberg Partners (PWP) had a net profit margin of 6.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Perella Weinberg Partners's free cash flow?
Perella Weinberg Partners (PWP) generated $30.5M in free cash flow during fiscal year 2025. This represents a -85.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Perella Weinberg Partners's operating cash flow?
Perella Weinberg Partners (PWP) generated $34.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Perella Weinberg Partners's total assets?
Perella Weinberg Partners (PWP) had $797.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Perella Weinberg Partners's capital expenditures?
Perella Weinberg Partners (PWP) invested $4.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Perella Weinberg Partners's return on assets (ROA)?
Perella Weinberg Partners (PWP) had a return on assets of 6.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Perella Weinberg Partners's P/E ratio?
Perella Weinberg Partners (PWP) trades at 34.9x earnings, its market capitalization divided by net income of $34.7M net income, trailing 12 months to June 30, 2026. The market capitalization is $1.2B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Perella Weinberg Partners's price-to-sales ratio?
Perella Weinberg Partners (PWP) trades at 1.8x sales, its market capitalization divided by revenue of $689.2M revenue, trailing 12 months to June 30, 2026. The market capitalization is $1.2B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Why is Perella Weinberg Partners's debt-to-equity ratio negative or not reported?
Perella Weinberg Partners (PWP) has negative shareholder equity of -$127.4M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Perella Weinberg Partners's Piotroski F-Score?
Perella Weinberg Partners (PWP) has a Piotroski F-Score of 3 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Perella Weinberg Partners's earnings high quality?
Perella Weinberg Partners (PWP) has an earnings quality ratio of 0.72x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Perella Weinberg Partners?
Perella Weinberg Partners (PWP) scores 12 out of 100 on our Financial Health Score, indicating weak standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.