Perella Weinberg Partners
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
PWP$13.83-4.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations for the Years Ended
Consolidated Statements of Operations
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenues | $750,903 | $878,039 | $648,652 |
| Expenses | |||
| Compensation and benefits | 425,594 | 525,941 | 426,572 |
| Equity-based compensation | 109,759 | 258,296 | 182,375 |
| Total compensation and benefits | 535,353 | 784,237 | 608,947 |
| Professional fees | 43,456 | 49,262 | 39,640 |
| Technology and infrastructure | 38,004 | 35,721 | 34,462 |
| Rent and occupancy | 24,533 | 24,325 | 26,891 |
| Travel and related expenses | 22,719 | 19,823 | 19,030 |
| General, administrative and other expenses | 17,996 | 22,824 | 20,103 |
| Depreciation and amortization | 20,832 | 20,379 | 14,679 |
| Total expenses | 702,893 | 956,571 | 763,752 |
| Operating income (loss) | 48,010 | (78,532) | (115,100) |
| Non-operating income (expenses) | |||
| Related party income | — | — | 932 |
| Other income (expense) | 3,505 | 10,277 | 1,348 |
| Total non-operating income (expenses) | 3,505 | 10,277 | 2,280 |
| Income (loss) before income taxes | 51,515 | (68,255) | (112,820) |
| Income tax expense (benefit) | 3,512 | 21,089 | (980) |
| Net income (loss) | 48,003 | (89,344) | (111,840) |
| Less: Net income (loss) attributable to non-controlling interests | 12,526 | (24,616) | (94,617) |
| Net income (loss) attributable to Perella Weinberg Partners | $35,477 | $(64,728) | $(17,223) |
| Net income (loss) per share attributable to Class A common shareholders | |||
| Basic | $0.55 | $(1.22) | $(0.40) |
| Diluted | $0.47 | $(1.22) | $(1.33) |
| Weighted-average shares of Class A common stock outstanding | |||
| Basic | 64,208,733 | 53,187,995 | 43,273,939 |
| Diluted | 100,848,937 | 53,187,995 | 86,779,052 |
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