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
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