PIPER SANDLER COMPANIES
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
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Fixed Assets
NOTE 10| FIXED ASSETS
| December 31, | December 31, | |
|---|---|---|
| (Amounts in thousands) | 2025 | 2024 |
| Furniture and equipment | $59,950 | $62,908 |
| Leasehold improvements | 98,773 | 89,519 |
| Software | 7,918 | 13,917 |
| Total fixed assets | 166,641 | 166,344 |
| Accumulated depreciation and amortization | (89,312) | (106,944) |
| Fixed assets, net of accumulated depreciation and amortization | $77,329 | $59,400 |
For the years ended December 31, 2025, 2024 and 2023, depreciation and amortization of furniture and equipment, leasehold improvements and software totaled $17.4 million, $16.8 million and $17.9 million, respectively, and are included in occupancy and equipment expense on the consolidated statements of operations.
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