Piper Sandler Companies (PIPR) Free Cash Flow (2009 - 2026)
Piper Sandler Companies (PIPR) recorded quarterly Free Cash Flow of -$293.9 million in Q1 2026, down 140.45% quarter-over-quarter from $726.5 million in Q4 2025, and down 34.57% on a YoY basis from -$449.2 million in Q1 2025.
Piper Sandler Companies (PIPR) Free Cash Flow (2009 - 2026) Analysis & Trends
Piper Sandler Companies' Free Cash Flow history runs 18 years deep, the most recent figure standing at -$293.9 million for 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 was -$293.9 million for Q1 2026 at Piper Sandler Companies, down from $726.5 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $726.5 million in Q4 2025 to a low of -$489.0 million in Q1 2022.
- Historically, Free Cash Flow has averaged $33.3 million across 5 years, with a median of $24.4 million in 2023.
- The sharpest annual moves came in 2024 and 2025: Free Cash Flow soared 976.95% in 2024, then slumped 93.19% in 2025.
- A 5-year view of Free Cash Flow shows it stood at $154.7 million in 2022, then soared by 172.27% to $421.2 million in 2023, then tumbled by 63.09% to $155.5 million in 2024, then soared by 367.29% to $726.5 million in 2025, then tumbled by 140.45% to -$293.9 million in 2026.
- The last three Free Cash Flow figures came in at -$293.9 million (Q1 2026), $726.5 million (Q4 2025), and $25.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 96,012.83 Bn | 96,012.83 Bn | - | -1.33 Mn |
| 2 | Morgan Stanley | 328.23 Bn | 194.70 Bn | - | -7.85 Bn |
| 3 | Goldman Sachs | 313.22 Bn | -624.33 Bn | - | -32.43 Bn |
| 4 | Schwab Charles | 154.90 Bn | 109.92 Bn | - | 7.20 Bn |
| 5 | Robinhood Markets | 75.17 Bn | 70.53 Bn | 960.00 Mn | 2.03 Bn |
| 6 | Interactive Brokers | 38.41 Bn | 49.00 Bn | - | 3.59 Bn |
| 7 | LPL Financial Holdings | 23.13 Bn | 22.10 Bn | - | 124.64 Mn |
| 8 | Tradeweb Markets | 21.12 Bn | 19.87 Bn | - | 103.58 Mn |
| 9 | Circle Internet | 19.75 Bn | 18.24 Bn | 35.01 Mn | 11.72 Mn |
| 10 | Piper Sandler Companies | 5.35 Bn | 5.22 Bn | - | -293.87 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |