PIPR at a glance
PIPER SANDLER COMPANIES (PIPR, SEC CIK 1230245) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on September 22, 2026 and Form 4 insider filings as recently as October 1, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), PIPER SANDLER COMPANIES (PIPR) reported revenue of $1.8 billion (up 21.7% from FY2024) and net income of $281.3 million. Diluted EPS was $15.82.
- As of December 31, 2025, 32 institutional investment managers tracked by SignalX reported holding PIPER SANDLER COMPANIES (PIPR) shares worth $3.0 billion in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $1.8B
- +21.7% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 32 funds
- $3.0B · +1 vs prior quarter
- Latest 8-K
- Sep 22, 2026
- Item 5.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Investment banking and financial advisory services
- No new products, services, or segments introduced or emphasized in FY 2026 filing
- Strategic positioning and competitive focus unchanged from prior year
- No quantitative business metrics disclosed within the business section text
- This filing cross-references proxy statement extensively rather than containing standalone business details
Risk Factors
- No specific or timely regulatory or legal risk identified in the risk factors section
- No explicit geopolitical or macroeconomic threat with concrete exposure detailed
- Operational risk general, no specific supply chain vulnerability mentioned
- No competitive or market disruption risk naming specific competitor or technology
- No financial or structural risk detailed such as leverage, concentration, or key-person dependency
Management Discussion & Analysis
- Revenue $1.90B, up 24.5% YoY from $1.53B in 2024; investment banking led with $1.40B, up 26.8%
- Net income $281.3M, up 55.3% YoY; pre-tax margin 19.7% vs 14.3%, compensation ratio improved 62.5% vs 65.8%
- Best segment: investment banking, $1.40B revenue (+26.8%); worst: institutional brokerage, $433.2M revenue (+7.9%)
- Compensation expense $1.19B (+18.1%), non-interest expenses $1.52B (+16.6%); interest expense down to $4.8M (-14.8%)
- Outlook: strong advisory and corporate financing pipeline, expect similar equity brokerage revenue, continued municipal financing growth, risks include geopolitical tensions and trade uncertainties
AI summary of the PIPR 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Quarterly revenue $495.5M, up $98.7M from $396.8M YoY
- Operating margin 20.3% vs 12.3% YoY, based on adjusted operating income
- Adjusted net income $74.5M vs $52.7M; adjusted EPS $1.04 vs $0.74 YoY
- Non-compensation expenses $86.4M vs $89.6M YoY
Risk Factors
- No risk-factors disclosure provided; excerpt covers share repurchases under Item 2
- Repurchases totaled 390,846 shares at average price $79.23
- Remaining repurchase authorization declined from $79.5 million in April to $58.0 million in June
AI summary of the PIPR 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Wendy L. Schoppert elected director effective September 22, 2026, expanding the Board from 10 to 11 members
- Audit Committee appointment adds former Sleep Number CFO and CIO experience
Item EX-99.1: Item EX-99.1
- Wendy L. Schoppert elected to Piper Sandler’s board, adding public-company CFO and director experience
- Board expertise spans healthcare, consumer, financial services, technology, and airlines
Item 2.02: Results of Operations and Financial Condition
- Q2 fiscal 2026 results covered quarter ended June 30, 2026
- Press release dated July 30, 2026 contains the financial results
Item EX-99.1: Item EX-99.1
- Q2 net revenue $495.5M, up 25% YoY, led by advisory revenue $274.2M, up 34%
- Adjusted EPS $1.04, up 41% YoY; adjusted operating margin expanded to 21.8% from 18.1%
Item 5.07: Submission of Matters to a Vote of Security Holders
- 84.07% of eligible shares represented at May 20, 2026 annual meeting, providing strong voting participation
- All 10 director nominees elected to one-year terms expiring at the 2027 annual meeting
AI summaries of PIPR 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for PIPR
Don't miss the next PIPR filing
- Alerts as it files. A push when PIPR files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut PIPR, by share count.
- Ask anything. An AI agent that reads every PIPR filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| SORAN PHILIP | A | Sep 30, 2026 | 383 | - |
| Sterling Brian R | A | Sep 30, 2026 | 383 | - |
| Gallo Ann C | A | Sep 30, 2026 | 383 | - |
| Schoppert Wendy Lee | A | Sep 22, 2026 | 1,396 | - |
| HOLT VICTORIA M | A | Sep 11, 2026 | 79 | - |
| SORAN PHILIP | A | Sep 11, 2026 | 214 | - |
| Gallo Ann C | A | Sep 11, 2026 | 22 | - |
| Mitchell Robbin | A | Sep 11, 2026 | 42 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|
| Profitability | ||||
| Revenue | $1.3B | $1.5B | $1.8B | |
| Net Income | $85.5M | $181.1M | $281.3M | |
| Net Margin | 6.6% | 12.0% | 15.3% | |
| Balance Sheet | ||||
| Total Assets | $2.1B | $2.3B | $2.6B | |
| Equity | $1.1B | $1.2B | $1.4B | |
| ROE | 7.9% | 14.8% | 20.5% | |
| Per Share | ||||
| EPS | $4.96 | $10.24 | $15.82 | |
| Cash Flow | ||||
| Operating CF | $275.6M | $313.3M | $586.6M | |
Source: XBRL data in PIPER SANDLER COMPANIES (PIPR)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q4 2025Aggregate PIPR share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q4 2025 | 32 | $3.02B |
| Q3 2025 | 31 | $3.24B |
| Q2 2025 | 32 | $2.62B |
| Q1 2025 | 28 | $1.53B |
| Q4 2024 | 25 | $1.70B |
| Q3 2024 | 23 | $804.2M |
- Citadel Advisors LLC+135.6K (+80%)
- BlackRock+56.8K (+2%)
- Morgan Stanley+29.8K (+17%)
- Millennium Management+27.9K (+99%)
- Vanguard Group Inc+18.0K (+1%)
- JPMorgan Chase & Co−259.2K (-47%)
- FMR LLC (Fidelity)−189.5K (-35%)
- Goldman Sachs Group−29.9K (-9%)
- Truist Financial−14.2K (-58%)
- Northern Trust−12.0K (-6%)
- Franklin Resources−201.0K
Source: 13F-HR filings on SEC EDGAR (aggregated from 171 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
PIPR filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Sep 23, 2026 | - | - | - |
| 8-K | Sep 22, 2026 | - | Analysis | - |
| 4 | Sep 14, 2026 | - | - | - |
| 4 | Sep 14, 2026 | - | - | - |
| 4 | Sep 14, 2026 | - | - | - |
| 4 | Sep 14, 2026 | - | - | - |
| 4 | Sep 14, 2026 | - | - | - |
| 4 | Sep 14, 2026 | - | - | - |
| 10-Q | Aug 5, 2026 | Jun 30, 2026 | Analysis | |
| SC 13G | Jul 31, 2026 | - | - | |
| 8-K | Jul 30, 2026 | - | Analysis | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jun 15, 2026 | - | - | - |
| 4 | Jun 15, 2026 | - | - | - |
| 4 | Jun 15, 2026 | - | - | - |
| 4 | Jun 15, 2026 | - | - | - |
| 4 | Jun 15, 2026 | - | - | - |
| 4 | Jun 15, 2026 | - | - | - |
| 4 | May 21, 2026 | - | - | |
| 4 | May 21, 2026 | - | - |
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PIPR SEC filings: frequently asked questions
Which institutions hold PIPR stock?
As of December 31, 2025, the largest PIPER SANDLER COMPANIES (PIPR) holders among the 13F filers tracked by SignalX were BlackRock ($870.2 million), Vanguard Group Inc ($723.0 million), Invesco Ltd ($243.5 million), State Street Corp ($232.3 million), FMR LLC (Fidelity) ($119.7 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was PIPR's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), PIPER SANDLER COMPANIES (PIPR) reported revenue of $1.8 billion (up 21.7% from FY2024) and net income of $281.3 million. Diluted EPS was $15.82. The figures come from the XBRL data in the 10-K.
What are the main risks in PIPR's latest 10-K?
In the 10-K filed February 26, 2026, PIPER SANDLER COMPANIES (PIPR) flagged: No specific or timely regulatory or legal risk identified in the risk factors section. No explicit geopolitical or macroeconomic threat with concrete exposure detailed. (AI summary of the Risk Factors section.)
What did PIPR report in its latest 8-K?
PIPER SANDLER COMPANIES (PIPR) filed an 8-K on September 22, 2026 reporting Item 5.02 (Departure/Appointment of Directors or Principal Officers). Wendy L. Schoppert elected director effective September 22, 2026, expanding the Board from 10 to 11 members.
What are the latest PIPR SEC filings?
PIPER SANDLER COMPANIES (PIPR) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on September 22, 2026 and a Form 4 insider filing on October 1, 2026.
What is PIPR's SEC CIK number?
PIPER SANDLER COMPANIES (PIPR)'s SEC Central Index Key (CIK) is 1230245. EDGAR lists every PIPR filing under that number.
Ask anything about PIPR
The research agent reads PIPR's filings, financials, insider trades and 13F holders, then answers with sources.