Piper Sandler Companies (PIPR) Free Cash Flow (2009 - 2026)

Piper Sandler Companies (PIPR) posted quarterly Free Cash Flow of -$293.9 million for Q1 2026, down 34.57% year-over-year from -$449.2 million in Q1 2025, and down 140.45% on a QoQ basis from $726.5 million in Q4 2025.

Piper Sandler Companies (PIPR) Free Cash Flow (2009 - 2026) Analysis & Trends

Piper Sandler Companies (PIPR) has reported Free Cash Flow for 18 consecutive years, with -$293.9 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, Free Cash Flow fell 34.57% year-over-year to -$293.9 million; the TTM figure through Mar 2026 stood at $476.5 million (up 71.49% YoY), while the FY2025 annual figure was $552.0 million, up 85.37% from the prior year.
  • Free Cash Flow came in at -$293.9 million for Q1 2026 at Piper Sandler Companies, down from $726.5 million in the prior quarter.
  • The five-year high for Free Cash Flow was $726.5 million in Q4 2025, with the low at -$489.0 million in Q1 2022.
  • Average Free Cash Flow over 5 years is $33.3 million, with a median of $24.4 million recorded in 2023.
  • Across the five-year window, Free Cash Flow soared 976.95% in 2024 and tumbled 93.19% in 2025, its largest moves.
  • Year by year, Free Cash Flow stood at $154.7 million in 2022, then soared by 172.27% to $421.2 million in 2023, then plunged by 63.09% to $155.5 million in 2024, then soared by 367.29% to $726.5 million in 2025, then plunged by 140.45% to -$293.9 million in 2026.
  • According to Business Quant data, Free Cash Flow over the past three periods registered -$293.9 million, $726.5 million, and $25.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - -7.85 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - -32.43 Bn
3 Schwab Charles 167.21 Bn 122.24 Bn - 7.20 Bn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 2.03 Bn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 124.64 Mn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 103.58 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 11.72 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -1.15 Bn
10 Piper Sandler Companies 4.90 Bn 4.77 Bn - -293.87 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -293.87 Mn
Mar 31, 2026 -293.87 Mn
Dec 31, 2025 726.48 Mn
Dec 31, 2025 726.48 Mn
Sep 30, 2025 25.92 Mn
Sep 30, 2025 25.92 Mn
Jun 30, 2025 17.93 Mn
Jun 30, 2025 17.93 Mn
Mar 31, 2025 -218.37 Mn
Mar 31, 2025 -218.37 Mn
Dec 31, 2024 155.47 Mn
Dec 31, 2024 155.47 Mn
Sep 30, 2024 77.65 Mn
Sep 30, 2024 77.65 Mn
Jun 30, 2024 263.10 Mn
Jun 30, 2024 263.10 Mn
Mar 31, 2024 -198.46 Mn
Mar 31, 2024 -198.46 Mn
Dec 31, 2023 421.24 Mn
Dec 31, 2023 421.24 Mn