Piper Sandler Companies (PIPR) Research & Development (2010 - 2026)
Piper Sandler Companies (PIPR) posted quarterly Research & Development of $14.9 million for Q1 2026, down 3.44% year-over-year from $15.4 million in Q1 2025, and up 26.74% on a QoQ basis from $11.8 million in Q4 2025.
Piper Sandler Companies (PIPR) Research & Development (2010 - 2026) Analysis & Trends
Piper Sandler Companies (PIPR) has reported Research & Development for 17 consecutive years, with $14.9 million the latest figure, recorded in 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 came in at $14.9 million for Q1 2026 at Piper Sandler Companies, up from $11.8 million in the prior quarter.
- The five-year high for Research & Development was $15.4 million in Q1 2025, with the low at $10.1 million in Q1 2023.
- Average Research & Development over 5 years is $12.6 million, with a median of $12.9 million recorded in 2023.
- Across the five-year window, Research & Development jumped 188.92% in 2022 and retreated 25.98% in 2025, its largest moves.
- Year by year, Research & Development stood at $10.3 million in 2022, then increased by 21.43% to $12.5 million in 2023, then rose by 7.46% to $13.4 million in 2024, then declined by 12.26% to $11.8 million in 2025, then increased by 26.74% to $14.9 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $14.9 million, $11.8 million, and $10.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 1.15 Bn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 583.00 Mn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | - |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | -65.09 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 241.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 23.47 Mn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 39.55 Mn |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | - |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | - |
| 10 | Piper Sandler Companies | 4.90 Bn | 4.77 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 |