Piper Sandler Companies (PIPR) Research & Development (2010 - 2026)
Piper Sandler Companies (PIPR) recorded quarterly Research & Development of $14.9 million in Q1 2026, up 26.74% quarter-over-quarter from $11.8 million in Q4 2025, and down 3.44% on a YoY basis from $15.4 million in Q1 2025.
Piper Sandler Companies (PIPR) Research & Development (2010 - 2026) Analysis & Trends
Piper Sandler Companies' Research & Development history runs 17 years deep, the most recent figure standing at $14.9 million for Q1 2026.
- In Q1 2026, Research & Development fell 3.44% year-over-year to $14.9 million; the TTM figure through Mar 2026 stood at $51.1 million (down 10.59% YoY), while the FY2025 annual figure was $47.2 million, down 14.05% from the prior year.
- Research & Development was $14.9 million for Q1 2026 at Piper Sandler Companies, up from $11.8 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $15.4 million in Q1 2025 to a low of $10.1 million in Q1 2023.
- Historically, Research & Development has averaged $12.6 million across 5 years, with a median of $12.9 million in 2023.
- The sharpest annual moves came in 2022 and 2025: Research & Development jumped 188.92% in 2022, then dropped 25.98% in 2025.
- A 5-year view of Research & Development shows it stood at $10.3 million in 2022, then advanced by 21.43% to $12.5 million in 2023, then climbed by 7.46% to $13.4 million in 2024, then decreased by 12.26% to $11.8 million in 2025, then advanced by 26.74% to $14.9 million in 2026.
- The last three Research & Development figures came in at $14.9 million (Q1 2026), $11.8 million (Q4 2025), and $10.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | - |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | 1.15 Bn |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | 583.00 Mn |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | - |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 241.00 Mn |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | - |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | 23.47 Mn |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | 39.55 Mn |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | - |
| 10 | Piper Sandler Companies | 5.22 Bn | 5.09 Bn | - | 14.91 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 14.91 Mn |
| Dec 31, 2025 | 11.76 Mn |
| Sep 30, 2025 | 10.15 Mn |
| Jun 30, 2025 | 14.26 Mn |
| Mar 31, 2025 | 15.44 Mn |
| Dec 31, 2024 | 13.41 Mn |
| Sep 30, 2024 | 13.71 Mn |
| Jun 30, 2024 | 14.57 Mn |
| Mar 31, 2024 | 10.76 Mn |
| Dec 31, 2023 | 12.48 Mn |
| Sep 30, 2023 | 12.88 Mn |
| Jun 30, 2023 | 13.05 Mn |
| Mar 31, 2023 | 10.05 Mn |
| Dec 31, 2022 | 10.28 Mn |
| Sep 30, 2022 | 11.70 Mn |
| Jun 30, 2022 | 13.22 Mn |
| Mar 31, 2022 | 12.43 Mn |
| Dec 31, 2021 | -11.56 Mn |
| Sep 30, 2021 | 10.62 Mn |
| Jun 30, 2021 | 5.11 Mn |