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Midas Edge

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$65.92-1.8%Stored close · as of Nov 6, 2026

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

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Contents

Leases

NOTE 12| LEASES

The Company leases office space throughout the U.S. and in a limited number of foreign countries where its international operations reside. Aggregate minimum lease payments on an undiscounted basis for the Company's operating leases and a reconciliation to accrued lease liabilities included on the consolidated statements of financial condition as of June 30, 2026 were as follows:

(Amounts in thousands)
Remainder of 2026$14,009
202728,547
202827,215
202925,351
203023,192
Thereafter186,346
Total operating lease payments304,660
Less: Tenant improvement allowances(23,465)
Less: Present value discount(121,186)
Total accrued lease liabilities$160,009

The following table summarizes the Company's operating lease costs:

Three Months Ended · Six Months Ended
June 30,June 30,
(Amounts in millions)2026202520262025
Operating lease costs$6.2$6.0$11.6$12.5

Other information related to the Company's operating leases is as follows:

Six Months Ended
June 30,
(Amounts in millions)20262025
Cash paid for lease liabilities$13.0$13.5
ROU lease assets obtained in exchange for lease liabilities (i.e., new leases and amendments commenced during the period)98.432.7
June 30,December 31,
20262025
Weighted average remaining lease term (in years)11.47.9
Weighted average discount rate6.5%5.9%
ContentsView on SEC.gov

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