Piper Sandler Companies, listed on the New York Stock Exchange under the ticker PIPR, filed its Form 10-Q for the quarterly period ended June 30, 2026, with the SEC on August 5, 2026, reporting net revenues of $495,515 thousand for the second quarter and $969,924 thousand for the first half of the year.

Key Highlights

  • Investment banking revenue: The filing reported investment banking revenue of $361,527 thousand for the three months ended June 30, 2026, compared with $280,994 thousand for the same period in 2025.
  • Net income attributable to Piper Sandler Companies: $67,845 thousand for Q2 2026, compared with $42,182 thousand for Q2 2025, according to the filing.
  • Diluted earnings per share: $0.95 for the three months ended June 30, 2026, compared with $0.59 for the same period in 2025, with share and per-share figures adjusted to reflect a four-for-one forward stock split.
  • Total assets: $2,326,856 thousand as of June 30, 2026, compared with $2,592,646 thousand as of December 31, 2025, according to the consolidated statements of financial condition.
  • Shares outstanding: As of July 29, 2026, the registrant reported 70,670,291 shares of common stock outstanding.
  • Forward stock split: Common share counts and per-share figures throughout the filing have been adjusted to reflect a four-for-one forward split of common stock, as disclosed in Note 1.

Piper Sandler's Second-Quarter 2026 Financial Results and Disclosures

Piper Sandler Companies, a Delaware-incorporated financial services firm headquartered at 350 North 5th Street, Suite 1000, Minneapolis, Minnesota, disclosed its consolidated financial results for the quarter and six months ended June 30, 2026. The company operates as an investment bank and institutional securities firm. According to the filing, total net revenues for the six months ended June 30, 2026, were $969,924 thousand, compared with $754,050 thousand for the same period in 2025. For the second quarter alone, net revenues were $495,515 thousand, up from $396,778 thousand in Q2 2025.

The filing reported that institutional brokerage revenues were $111,532 thousand for Q2 2026, compared with $114,465 thousand for Q2 2025. Investment income was $14,091 thousand for Q2 2026, compared with a loss of $4,829 thousand in Q2 2025. Total non-interest expenses for the second quarter were $395,080 thousand, with compensation and benefits representing the largest component at $308,709 thousand. The filing noted no restructuring and integration costs in the current-year quarter, whereas $4,998 thousand was recorded in Q2 2025.

On the balance sheet as of June 30, 2026, total common shareholders' equity was reported at $1,372,749 thousand, and total shareholders' equity including noncontrolling interests was $1,567,424 thousand. Cash and cash equivalents stood at $304,231 thousand, compared with $809,415 thousand at December 31, 2025. The filing also disclosed that shares issued were 78,131,703 as of June 30, 2026, with 67,549,449 shares outstanding on that date. All common share and per-share figures in the financial statements, the filing noted, "have been adjusted to reflect the four-for-one forward split of common stock."

What Was Disclosed

Piper Sandler Companies filed its Form 10-Q for the period ended June 30, 2026, disclosing quarterly and year-to-date income statements, a balance sheet as of June 30, 2026, and notes covering a four-for-one forward stock split, segment revenues, compensation plans, and regulatory matters.