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Midas Edge

PIPER SANDLER COMPANIES

For the period ended Dec 31, 2024. Filed Feb 27, 2025.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 27, 2025

PIPR$67.64+2.6%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Pre-Tax Margin

Pre-tax margin for 2024 increased to 14.3 percent, compared with 9.1 percent for 2023. Adjusted operating margin increased to 19.7 percent in 2024, compared with 16.0 percent in 2023. In the current year, the increase in pre-tax margin and adjusted operating margin was primarily due to higher net revenues as well as a lower compensation ratio and non-compensation ratio.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.