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
DateValue
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