Piper Sandler Companies (PIPR) Change in Cash (2009 - 2026)

Piper Sandler Companies (PIPR) recorded quarterly Change in Cash of -$465.0 million in Q1 2026, down 166.86% quarter-over-quarter from $695.4 million in Q4 2025, and down 30.34% on a YoY basis from -$667.5 million in Q1 2025.

Piper Sandler Companies (PIPR) Change in Cash (2009 - 2026) Analysis & Trends

Piper Sandler Companies' Change in Cash history runs 18 years deep, the most recent figure standing at -$465.0 million for Q1 2026.

  • In Q1 2026, Change in Cash fell 30.34% year-over-year to -$465.0 million; the TTM figure through Mar 2026 stood at $218.4 million (up 289.05% YoY), while the FY2025 annual figure was $326.6 million, up 227.45% from the prior year.
  • Change in Cash was -$465.0 million for Q1 2026 at Piper Sandler Companies, down from $695.4 million in the prior quarter.
  • In the past five years, Change in Cash ranged from a high of $695.4 million in Q4 2025 to a low of -$723.9 million in Q1 2022.
  • Historically, Change in Cash has averaged -$36.9 million across 5 years, with a median of -$2.8 million in 2025.
  • The sharpest annual moves came in 2023 and 2024: Change in Cash tumbled 141.81% in 2023, then surged 1080.96% in 2024.
  • A 5-year view of Change in Cash shows it stood at $91.1 million in 2022, then soared by 263.44% to $331.2 million in 2023, then tumbled by 59.95% to $132.6 million in 2024, then jumped by 424.25% to $695.4 million in 2025, then sank by 166.86% to -$465.0 million in 2026.
  • The last three Change in Cash figures came in at -$465.0 million (Q1 2026), $695.4 million (Q4 2025), and -$9.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Cash (Qtr)
1 SOL Strategies 100,773.79 Bn 100,773.79 Bn - 105,780.04
2 Morgan Stanley 331.35 Bn 197.82 Bn - 21.83 Bn
3 Goldman Sachs 317.73 Bn -619.82 Bn - 15.27 Bn
4 Schwab Charles 153.74 Bn 108.77 Bn - 3.62 Bn
5 Robinhood Markets 75.98 Bn 71.34 Bn 960.00 Mn 1.93 Bn
6 Interactive Brokers 38.91 Bn 49.50 Bn - 3.20 Bn
7 LPL Financial Holdings 22.76 Bn 21.73 Bn - -148.79 Mn
8 Tradeweb Markets 20.90 Bn 19.65 Bn - -147.44 Mn
9 Circle Internet 20.00 Bn 18.49 Bn 35.01 Mn 1.79 Bn
10 Piper Sandler Companies 5.22 Bn 5.09 Bn - -464.98 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -464.98 Mn
Dec 31, 2025 695.42 Mn
Sep 30, 2025 -9.33 Mn
Jun 30, 2025 -2.76 Mn
Mar 31, 2025 -356.75 Mn
Dec 31, 2024 132.65 Mn
Sep 30, 2024 29.25 Mn
Jun 30, 2024 250.98 Mn
Mar 31, 2024 -313.14 Mn
Dec 31, 2023 331.22 Mn
Sep 30, 2023 -15.35 Mn
Jun 30, 2023 21.25 Mn
Mar 31, 2023 -319.66 Mn
Dec 31, 2022 91.14 Mn
Sep 30, 2022 36.70 Mn
Jun 30, 2022 -9.25 Mn
Mar 31, 2022 -723.93 Mn
Dec 31, 2021 399.90 Mn
Sep 30, 2021 173.56 Mn
Jun 30, 2021 245.70 Mn