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PIPER SANDLER COMPANIES

For the period ended Jun 30, 2026. Filed Aug 5, 2026.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2026 · Filed Aug 5, 2026

PIPR$66.75-1.3%Stored close · as of Nov 10, 2026

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

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Contents

Consolidated Statements of Financial Condition

June 30,December 31,
20262025
(Amounts in thousands, except share data) · (Unaudited)
Assets
Cash and cash equivalents$304,231$809,415
Receivables from brokers, dealers and clearing organizations205,27553,612
Financial instruments and other inventory positions owned:
Financial instruments and other inventory positions owned462,844435,204
Financial instruments and other inventory positions owned and pledged as collateral95,24067,066
Total financial instruments and other inventory positions owned558,084502,270
Investments (including noncontrolling interests of $195,032 and $216,838, respectively)307,238322,518
Fixed assets (net of accumulated depreciation and amortization of $98,277 and $89,312, respectively)77,53877,329
Right-of-use lease assets122,48864,004
Goodwill319,258319,258
Intangible assets (net of accumulated amortization of $174,889 and $170,774, respectively)96,62499,598
Net deferred income tax assets147,102156,124
Other assets189,018188,518
Total assets$2,326,856$2,592,646
Liabilities and Shareholders' Equity
Short-term financing$15,000$15,000
Payables to brokers, dealers and clearing organizations2,00022,358
Financial instruments and other inventory positions sold, but not yet purchased80,54548,514
Accrued compensation400,033702,847
Accrued lease liabilities160,009101,351
Other liabilities and accrued expenses101,845119,783
Total liabilities759,4321,009,853
Shareholders' equity (1):
Common stock, $0.01 par value:
Shares authorized: 400,000,000;
Shares issued: 78,131,703 and 78,250,916, respectively;
Shares outstanding: 67,549,449 and 67,483,432, respectively779779
Additional paid-in capital1,010,866957,145
Retained earnings733,988728,931
Less: Common stock held in treasury, at cost: 10,582,254 shares and 10,767,484 shares, respectively(374,580)(318,581)
Accumulated other comprehensive income1,6962,733
Total common shareholders' equity1,372,7491,371,007
Noncontrolling interests194,675211,786
Total shareholders' equity1,567,4241,582,793
Total liabilities and shareholders' equity$2,326,856$2,592,646

(1)Common shares information and additional paid-in capital have been adjusted to reflect the four-for-one forward split of common stock, as discussed in Note 1.

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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.