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

Piper Sandler Companies (PIPR) recorded quarterly Net Cash Flow of -$463.9 million in Q1 2026, down 166.73% quarter-over-quarter from $695.2 million in Q4 2025, and down 29.62% on a YoY basis from -$659.2 million in Q1 2025.

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

Piper Sandler Companies' Net Cash Flow history runs 18 years deep, the most recent figure standing at -$463.9 million for Q1 2026.

  • In Q1 2026, Net Cash Flow fell 29.62% year-over-year to -$463.9 million; the TTM figure through Mar 2026 stood at $218.2 million (up 291.38% YoY), while the FY2025 annual figure was $324.2 million, up 221.41% from the prior year.
  • Net Cash Flow was -$463.9 million for Q1 2026 at Piper Sandler Companies, down from $695.2 million in the prior quarter.
  • In the past five years, Net Cash Flow ranged from a high of $695.2 million in Q4 2025 to a low of -$722.7 million in Q1 2022.
  • Historically, Net Cash Flow has averaged -$36.8 million across 5 years, with a median of -$4.7 million in 2025.
  • The sharpest annual moves came in 2023 and 2024: Net Cash Flow slumped 136.53% in 2023, then surged 1119.47% in 2024.
  • A 5-year view of Net Cash Flow shows it stood at $89.0 million in 2022, then surged by 270.93% to $330.0 million in 2023, then slumped by 58.78% to $136.0 million in 2024, then surged by 411.1% to $695.2 million in 2025, then sank by 166.73% to -$463.9 million in 2026.
  • The last three Net Cash Flow figures came in at -$463.9 million (Q1 2026), $695.2 million (Q4 2025), and -$8.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) NCF (Qtr)
1 SOL Strategies 100,773.79 Bn 100,773.79 Bn - -730,655.35
2 Morgan Stanley 331.35 Bn 197.82 Bn - 22.76 Bn
3 Goldman Sachs 317.73 Bn -619.82 Bn - 16.12 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 - 3.28 Bn
7 LPL Financial Holdings 22.76 Bn 21.73 Bn - -148.79 Mn
8 Tradeweb Markets 20.90 Bn 19.65 Bn - -145.61 Mn
9 Circle Internet 20.00 Bn 18.49 Bn 35.01 Mn 1.78 Bn
10 Piper Sandler Companies 5.22 Bn 5.09 Bn - -463.95 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -463.95 Mn
Mar 31, 2026 -463.95 Mn
Dec 31, 2025 695.21 Mn
Dec 31, 2025 695.21 Mn
Sep 30, 2025 -8.30 Mn
Sep 30, 2025 -8.30 Mn
Jun 30, 2025 -4.74 Mn
Jun 30, 2025 -4.74 Mn
Mar 31, 2025 -357.94 Mn
Mar 31, 2025 -357.94 Mn
Dec 31, 2024 136.02 Mn
Dec 31, 2024 136.02 Mn
Sep 30, 2024 26.51 Mn
Sep 30, 2024 26.51 Mn
Jun 30, 2024 251.16 Mn
Jun 30, 2024 251.16 Mn
Mar 31, 2024 -312.82 Mn
Mar 31, 2024 -312.82 Mn
Dec 31, 2023 330.02 Mn
Dec 31, 2023 330.02 Mn