Perella Weinberg Partners's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Perella Weinberg Partners reported revenue of $750.9M (-14.5% year on year) and net income of $48.0M (+153.7% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenues | $750.9M | $878.0M | $648.7M | $631.5M |
| Compensation and benefits | $425.6M | $525.9M | $426.6M | $391.3M |
| Equity-based compensation | $109.8M | $258.3M | $182.4M | $154.2M |
| Total compensation and benefits | $535.4M | $784.2M | $608.9M | $545.5M |
| Professional fees | $43.5M | $49.3M | $39.6M | $34.8M |
| Technology and infrastructure | $38.0M | $35.7M | $34.5M | $30.1M |
| Rent and occupancy | $24.5M | $24.3M | $26.9M | $24.9M |
| Travel and related expenses | $22.7M | $19.8M | $19.0M | $13.0M |
| General, administrative and other expenses | $18.0M | $22.8M | $20.1M | $20.2M |
| Depreciation and amortization | $20.8M | $20.4M | $14.7M | $10.7M |
| Total expenses | $702.9M | $956.6M | $763.8M | $679.2M |
| Operating income (loss) | $48.0M | ($78.5M) | ($115.1M) | ($47.7M) |
| Related party income | $3.5M | $10.3M | $2.6M | $2.8M |
| Total non-operating income (expenses) | $3.5M | $10.3M | $2.3M | $26.3M |
| Income (loss) before income taxes | $51.5M | ($68.3M) | ($112.8M) | ($21.4M) |
| Income tax expense (benefit) | $3.5M | $21.1M | ($980.0K) | ($10.3M) |
| Net income (loss) | $48.0M | ($89.3M) | ($111.8M) | ($31.7M) |
| Less: Net income (loss) attributable to non-controlling interests | $12.5M | ($24.6M) | ($94.6M) | ($49.6M) |
| Net income (loss) attributable to Perella Weinberg Partners | $35.5M | ($64.7M) | ($17.2M) | $17.9M |
| Basic (in dollars per share) | $0.55 | -$1.22 | -$0.40 | $0.41 |
| Diluted (in dollars per share) | $0.47 | -$1.22 | -$1.33 | -$0.46 |
| Basic (in shares) | 64.2M | 53.2M | 43.3M | 43.8M |
| Diluted (in shares) | 100.8M | 53.2M | 86.8M | 89.8M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Revenues | $156.5M | $148.9M | $164.6M | $155.3M |
| Compensation and benefits | $79.6M | $91.3M | $88.7M | $80.3M |
| Equity-based compensation | $36.3M | $30.8M | $27.6M | $28.0M |
| Total compensation and benefits | $115.9M | $122.1M | $116.3M | $108.3M |
| Professional fees | $4.6M | $7.9M | $9.2M | $6.9M |
| Technology and infrastructure | $9.8M | $10.0M | $9.6M | $9.2M |
| Rent and occupancy | $5.9M | $5.9M | $6.0M | $6.6M |
| Travel and related expenses | $5.6M | $5.9M | $5.4M | $5.3M |
| General, administrative and other expenses | $3.8M | $4.2M | $4.2M | $4.9M |
| Depreciation and amortization | $5.8M | $5.8M | $5.0M | $5.1M |
| Total expenses | $151.5M | $161.8M | $155.8M | $146.3M |
| Operating income (loss) | $5.1M | ($12.9M) | $8.9M | $8.9M |
| Other income (expense) | $1.0M | $2.3M | $2.7M | ($2.7M) |
| Total non-operating income (expenses) | $1.0M | $2.3M | $2.7M | ($2.7M) |
| Income (loss) before income taxes | $6.1M | ($10.6M) | $11.6M | $6.2M |
| Income tax expense (benefit) | ($247.0K) | ($9.9M) | $3.0M | $2.0M |
| Net income (loss) | $6.3M | ($745.0K) | $8.6M | $4.3M |
| Less: Net income (loss) attributable to non-controlling interests | $1.0M | ($2.2M) | $2.6M | $1.5M |
| Net income (loss) attributable to Perella Weinberg Partners | $5.3M | $1.5M | $6.0M | $2.7M |
| Basic (in dollars per Share) | $0.07 | $0.02 | $0.09 | $0.04 |
| Diluted (in dollars per Share) | $0.06 | $0.02 | $0.08 | $0.04 |
| Basic (in shares) | 74.2M | 70.4M | 64.1M | 63.1M |
| Diluted (in shares) | 101.7M | 101.2M | 100.2M | 98.8M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $255.9M | $331.6M | $247.2M | $171.6M |
| Restricted cash | $1.1M | $1.2M | $2.9M | $2.6M |
| Investments in short-term marketable debt securities | $0 | $75.8M | $91.2M | $140.1M |
| Accounts receivable, net of allowance | $62.7M | $73.3M | $47.8M | $67.9M |
| Due from related parties | $626.0K | $1.1M | $3.6M | $3.4M |
| Fixed assets, net of accumulated depreciation and amortization | $77.2M | $84.9M | $93.7M | $48.4M |
| Intangible assets, net of accumulated amortization | $12.5M | $12.6M | $19.2M | $25.8M |
| Goodwill | $72.7M | $34.4M | $34.4M | $34.4M |
| Prepaid expenses and other assets | $46.8M | $29.2M | $30.9M | $36.2M |
| Right-of-use lease assets | $138.5M | $139.6M | $143.9M | $153.7M |
| Deferred tax asset, net | $129.6M | $93.0M | $46.5M | $33.1M |
| Total assets | $797.6M | $876.8M | $761.1M | $717.1M |
| Accrued compensation and benefits | $210.3M | $325.2M | $233.9M | $214.1M |
| Accounts payable, accrued expenses and other liabilities | $47.1M | $68.9M | $52.1M | $46.3M |
| Lease liabilities | $186.1M | $187.3M | $175.9M | $165.6M |
| Amount due pursuant to tax receivable agreement | $93.5M | $65.5M | $30.9M | $23.0M |
| Total liabilities | $536.9M | $647.0M | $492.9M | $457.0M |
| Redeemable non-controlling interests (22,139,506 units at redemption value of $17.53 per unit as of December 31, 2025; 27,460,600 units at redemption value of $23.71 per unit as of December 31, 2024) | $388.1M | $651.1M | — | — |
| Common stock value | $10.0K | $10.0K | $10.0K | $9.0K |
| Preferred stock, par value $0.0001 per share (100,000,000 shares authorized, no shares issued and outstanding at December 31, 2025 and December 31, 2024) | $0.00 | $0.00 | $0.00 | $0.00 |
| Additional paid-in-capital | $144.2M | $0 | $312.5M | $242.1M |
| Retained earnings (accumulated deficit) | ($130.6M) | ($303.7M) | ($54.6M) | ($18.1M) |
| Accumulated other comprehensive income (loss) | ($2.5M) | ($6.2M) | ($4.5M) | ($6.5M) |
| Treasury stock, at cost (14,569,154 and 13,362,975 shares of Class A common stock at December 31, 2025 and December 31, 2024, respectively) | -138.4M | -111.5M | — | — |
| Total equity | ($127.4M) | ($421.4M) | $268.2M | $260.1M |
| Total liabilities, redeemable non-controlling interests, and equity | $797.6M | $876.8M | $761.1M | $717.1M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $115.8M | $77.7M | $185.5M | $145.0M |
| Restricted cash | $1.1M | $1.1M | $1.1M | $1.2M |
| Accounts receivable, net of allowance | $36.2M | $33.5M | $40.7M | $47.7M |
| Due from related parties | $418.0K | $617.0K | $625.0K | $636.0K |
| Fixed assets, net of accumulated depreciation and amortization | $72.6M | $74.7M | $79.0M | $80.5M |
| Intangible assets, net of accumulated amortization | $8.0M | $10.3M | $7.7M | $9.3M |
| Goodwill | $72.7M | $72.7M | $34.4M | $34.4M |
| Prepaid expenses and other assets | $50.5M | $50.1M | $36.1M | $35.5M |
| Right-of-use lease assets | $133.2M | $135.3M | $137.1M | $136.9M |
| Deferred tax assets, net | $154.4M | $139.8M | $128.0M | $115.5M |
| Total assets | $645.0M | $595.8M | $650.2M | $606.7M |
| Accrued compensation and benefits | $54.9M | $49.3M | $131.6M | $106.7M |
| Accounts payable, accrued expenses and other liabilities | $40.8M | $42.2M | $47.2M | $63.4M |
| Lease liabilities | $179.3M | $182.1M | $184.8M | $185.0M |
| Amount due pursuant to tax receivable agreement | $105.6M | $94.0M | $86.1M | $75.6M |
| Total liabilities | $380.6M | $367.5M | $449.7M | $430.6M |
| Redeemable non-controlling interests (20,018,315 units at redemption value of $15.49 per unit as of June 30, 2026; 22,139,506 units at redemption value of $17.53 per unit as of December 31, 2025) | $310.1M | $383.0M | $502.9M | $494.5M |
| Common stock value | $11.0K | $10.0K | $10.0K | $10.0K |
| Preferred stock, par value $0.0001 per share (100,000,000 shares authorized, no shares issued and outstanding at June 30, 2026 and December 31, 2025) | $0.00 | $0.00 | $0.00 | $0.00 |
| Additional paid-in-capital | $229.4M | $119.4M | $0 | $0 |
| Retained earnings (accumulated deficit) | ($136.6M) | ($135.6M) | ($161.9M) | ($179.4M) |
| Accumulated other comprehensive income (loss) | ($4.0M) | ($3.8M) | ($2.1M) | ($721.0K) |
| Treasury stock, at cost (14,073,407 and 14,569,154 shares of Class A common stock at June 30, 2026 and December 31, 2025, respectively) | -134.7M | -134.7M | -138.4M | -138.3M |
| Total equity | ($45.8M) | ($154.7M) | ($302.4M) | ($318.4M) |
| Total liabilities, redeemable non-controlling interests, and equity | $645.0M | $595.8M | $650.2M | $606.7M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income (loss) | $48.0M | ($89.3M) | ($111.8M) | ($31.7M) |
| Equity-based awards vesting expense | $110.5M | $188.9M | $184.5M | $156.4M |
| Depreciation and amortization | $20.8M | $20.4M | $14.7M | $10.7M |
| Foreign currency revaluation | $543.0K | $575.0K | $2.5M | ($4.7M) |
| Non-cash operating lease expense | $10.6M | $10.3M | $12.9M | $15.9M |
| Deferred taxes | $2.5M | ($2.5M) | ($2.1M) | ($2.7M) |
| Bad debt expense | $1.7M | $5.7M | $2.3M | $2.2M |
| Other | $788.0K | $694.0K | ($1.5M) | ($286.0K) |
| Accounts receivable, net of allowance | $12.2M | ($32.8M) | $18.8M | ($24.3M) |
| Due from related parties | $26.0K | $338.0K | ($213.0K) | $864.0K |
| Prepaid expenses and other assets | ($16.9M) | $1.2M | $4.3M | ($14.4M) |
| Accrued compensation and benefits | ($120.4M) | $93.4M | $15.9M | ($91.4M) |
| Accounts payable, accrued expenses and other liabilities | ($24.5M) | $21.0M | ($1.4M) | ($3.3M) |
| Lease liabilities | ($11.1M) | $5.6M | $7.0M | ($7.6M) |
| Net cash provided by (used in) operating activities: | $34.8M | $223.4M | $145.9M | ($17.8M) |
| Payment for Devon Park Acquisition, net of cash acquired | ($18.9M) | — | — | — |
| Purchases of fixed assets | ($4.3M) | ($16.4M) | ($57.6M) | ($26.6M) |
| Purchases of investments in short-term marketable debt securities | $0 | ($74.9M) | ($89.3M) | $139.2M |
| Maturities of investments in short-term marketable debt securities | $74.9M | $91.2M | $140.6M | — |
| Net cash provided by (used in) investing activities | $51.7M | ($98.0K) | ($5.8M) | ($166.2M) |
| Proceeds from issuance of Class A common stock in public offering, net of underwriting discount and offering costs | $0 | $66.0M | $0 | $36.5M |
| Exchange of PWP OpCo Units and corresponding Class B common stock for cash | ($28.3M) | ($63.4M) | $0 | ($36.5M) |
| Distributions to partners | ($4.2M) | ($18.3M) | ($14.2M) | ($44.5M) |
| Dividends paid on Class A and Class B common stock | ($22.9M) | ($20.3M) | ($13.1M) | ($12.8M) |
| Withholding tax payments for vested PWP Incentive Plan Awards and equity-classified ACUs | ($78.1M) | ($82.9M) | ($16.7M) | ($9.7M) |
| Treasury stock purchases | ($33.7M) | ($15.0M) | ($22.5M) | ($68.5M) |
| Payments pursuant to tax receivable agreement | ($1.4M) | ($1.1M) | ($472.0K) | — |
| Other | $0 | $0 | $488.0K | ($500.0K) |
| Net cash provided by (used in) financing activities | ($168.6M) | ($137.3M) | ($67.0M) | ($136.8M) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | $6.3M | ($3.3M) | $2.9M | ($9.8M) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | ($75.7M) | $82.7M | $75.9M | ($330.6M) |
| Cash, cash equivalents and restricted cash, beginning of period | $332.8M | $250.1M | $174.2M | $504.8M |
| Cash, cash equivalents and restricted cash, end of period | $257.1M | $332.8M | $250.1M | $174.2M |
| Lease liabilities arising from obtaining right-of-use lease assets | $7.8M | $6.7M | $2.3M | $131.2M |
| Accrued distributions to partners | $0 | $4.2M | — | — |
| Accrued capital expenditures | $1.9M | $865.0K | $11.3M | $16.4M |
| Accrued dividend equivalents and dividend equivalent units on unvested PWP Incentive Plan Awards | $6.0M | $6.8M | $7.3M | $5.7M |
| Non-cash paydown of Partner promissory notes | $534.0K | $3.9M | $1.5M | $2.6M |
| Deferred tax effect resulting from changes in ownership and exchanges of PWP OpCo Units, net of amounts payable under tax receivable agreement | $8.6M | $8.5M | $1.5M | $1.4M |
| Reclassification of liability-classified equity-based awards | $0 | $6.7M | — | — |
| Cash paid for income taxes | $9.2M | $10.3M | $4.6M | $26.0M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income (loss) | $5.6M | ($745.0K) | $34.2M | $25.6M |
| Equity-based awards vesting expense | $67.4M | $31.0M | $82.4M | $54.6M |
| Depreciation and amortization | $11.7M | $5.8M | $15.1M | $10.1M |
| Foreign currency revaluation | $1.2M | $1.0M | $1.3M | $2.8M |
| Non-cash operating lease expense | $5.5M | $2.8M | $7.8M | $5.1M |
| Deferred taxes | ($10.0M) | ($9.3M) | ($7.7M) | ($9.1M) |
| Other | ($126.0K) | ($155.0K) | $1.8M | $1.7M |
| Accounts receivable, net of allowance | $26.3M | $29.2M | $33.1M | $25.8M |
| Prepaid expenses and other assets | ($3.6M) | ($3.5M) | ($6.5M) | ($5.8M) |
| Accrued compensation and benefits | ($155.0M) | ($160.5M) | ($198.0M) | ($222.4M) |
| Accounts payable, accrued expenses and other liabilities | ($3.0M) | ($1.9M) | ($18.1M) | ($5.3M) |
| Lease liabilities | ($6.9M) | ($3.5M) | ($8.1M) | ($5.1M) |
| Net cash provided by (used in) operating activities | ($60.9M) | ($109.7M) | ($61.2M) | ($120.4M) |
| Purchases of fixed assets | ($3.7M) | ($2.1M) | ($3.4M) | ($1.8M) |
| Maturities of investments in short-term marketable debt securities | $0 | $0 | $74.9M | $74.9M |
| Net cash provided by (used in) investing activities | ($3.7M) | ($2.1M) | $71.6M | $73.1M |
| Exchange of PWP OpCo Units and corresponding Class B common stock for cash | $0 | $0 | ($28.3M) | ($28.3M) |
| Withholding tax payments for vested PWP Incentive Plan Awards | ($55.6M) | ($55.2M) | ($76.8M) | ($72.0M) |
| Distributions to partners | ($2.2M) | — | ($4.2M) | $0 |
| Dividends paid on Class A and Class B common stock | ($14.9M) | ($8.6M) | ($18.3M) | ($12.7M) |
| Treasury stock purchases | $0 | $0 | ($33.7M) | ($31.7M) |
| Net cash provided by (used in) financing activities | ($72.7M) | ($63.8M) | ($162.6M) | ($144.7M) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | ($2.8M) | ($2.7M) | $6.2M | $5.5M |
| Net increase (decrease) in cash, cash equivalents and restricted cash | ($140.1M) | ($178.3M) | ($146.1M) | ($186.6M) |
| Cash, cash equivalents and restricted cash, beginning of period | $257.1M | $257.1M | $332.8M | $332.8M |
| Cash, cash equivalents and restricted cash, end of period | $117.0M | $78.8M | $186.7M | $146.2M |
| Accrued dividends and dividend equivalent units on unvested PWP Incentive Plan Awards | $2.6M | $1.4M | $4.5M | $2.9M |
| Non-cash paydown of Partner promissory notes | $0 | $0 | $534.0K | $534.0K |
| Deferred tax effect resulting from exchanges of PWP OpCo Units, net of amounts payable under tax receivable agreement | $2.8M | $529.0K | $5.1M | $2.6M |
| Cash paid for income taxes | $1.6M | ($166.0K) | $8.8M | $9.2M |
Perella Weinberg Partners score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.