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
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