Piper Sandler (PIPR)
Advises middle-market clients and executes equity, debt and municipal market transactions.
$73.11
vs last close+0.36 (+0.50%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 281 | 461 | 333 | 336 | 350 | 468 | 348 | 394 | 462 | 667 | 475 | 496 |
| Cost of revenue | 3 | 2 | 1 | 2 | 1 | 1 | 1 | 2 | 1 | 32 | 19 | 22 |
| Gross profit | 278 | 458 | 332 | 335 | 348 | 467 | 347 | 392 | 462 | 635 | 456 | 474 |
| 281 | 373 | 279 | 306 | 293 | 385 | 317 | 343 | 354 | 445 | 368 | 373 | |
| 216 | 309 | 233 | 246 | 241 | 326 | 262 | 270 | 299 | 0 | 0 | 0 | |
| Selling & marketing | 9 | 8 | 11 | 11 | 10 | 10 | 13 | 12 | 10 | 0 | 0 | 0 |
| General & administrative | 207 | 301 | 222 | 235 | 231 | 316 | 248 | 258 | 289 | 0 | 0 | 0 |
| Other expenses | 65 | 63 | 46 | 60 | 51 | 59 | 55 | 73 | 55 | 445 | 368 | 373 |
| Operating income | −3 | 86 | 52 | 28 | 56 | 82 | 29 | 49 | 107 | 190 | 89 | 101 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −1 | −1 | −1 | |
| Interest income | 7 | 7 | 8 | 7 | 8 | 10 | 10 | 8 | 9 | 43 | 16 | 23 |
| Interest expense | 3 | 2 | 1 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 |
| Income before tax | −3 | 86 | 52 | 28 | 56 | 82 | 29 | 49 | 107 | 189 | 88 | 100 |
| Income tax expense | 10 | 21 | 3 | 13 | 15 | 30 | −7 | 17 | 25 | 46 | 20 | 30 |
| Net income from continuing operations | −14 | 65 | 50 | 15 | 40 | 53 | 37 | 32 | 82 | 143 | 68 | 70 |
| Other adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −58 | 0 | 0 |
| Net income | 4 | 52 | 42 | 35 | 35 | 69 | 65 | 42 | 60 | 114 | 65 | 68 |
| EPS, basic | $0.07 | $0.86 | $0.69 | $0.55 | $0.55 | $1.08 | $0.99 | $0.63 | $0.90 | $1.69 | $0.96 | $1.00 |
| EPS, diluted | $0.06 | $0.75 | $0.61 | $0.49 | $0.49 | $0.97 | $0.91 | $0.60 | $0.85 | $1.60 | $0.92 | $0.95 |
| Weighted average shares, basic | 60 | 61 | 62 | 64 | 64 | 64 | 66 | 67 | 67 | 67 | 68 | 68 |
| Weighted average shares, diluted | 69 | 69 | 70 | 71 | 71 | 71 | 72 | 71 | 71 | 71 | 71 | 71 |
| EBITDA | 6 | 95 | 59 | 35 | 62 | 89 | 36 | 55 | 114 | 198 | 95 | 108 |
| Depreciation & amortization | 9 | 9 | 7 | 7 | 7 | 7 | 6 | 6 | 7 | 8 | 7 | 7 |
| EBIT | −3 | 86 | 52 | 28 | 56 | 82 | 29 | 49 | 107 | 190 | 89 | 101 |