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PWP

Perella Weinberg Partners

NasdaqResearch view

Perella Weinberg Partners operates in the Finance Services industry.

$13.26+0.23%

Oct 16 close · 1D EOD · Databento

Financial ServicesFinance ServicesSmall-capSEC EDGAR FY 2025-12-31

On the Wire · latest 1

All stories →

Oct 14 · Financial TimesPerella Weinberg and Piper Sandler end talks on proposed $6bn mergerPerella Weinberg and Piper Sandler have abandoned merger talks that would have created an independent investment bank valued at $6bn. The breakdown leaves both firms operating separately and removes the proposed combination as a near-term consolidation catalyst.−19.13% next close

On the Wire · latest 1

All stories →

Oct 14 · Financial TimesPerella Weinberg and Piper Sandler end talks on proposed $6bn mergerPerella Weinberg and Piper Sandler have abandoned merger talks that would have created an independent investment bank valued at $6bn. The breakdown leaves both firms operating separately and removes the proposed combination as a near-term consolidation catalyst.

What happened

Daily closes · dots are Wire stories

1 story has a settled receipt so far (1 on the Wire). The record starts speaking at three.

What’s next

Expected around late October, going by its own filing history. The company has not announced a date yet. Its matching report came Nov 7, 2025 and Nov 8, 2024, before the open.

Last report

Jul 31, 2026+18.38%

before the open

Last 4, next close

median 8.70% either way

up 2 of 4

Every report since 2022 →Earnings calendar →

DateEventSourceNext close

Oct 14Perella Weinberg and Piper Sandler abandon merger talksFinancial TimesFinancial Times−19.13%
Jul 31Earnings release, before the open · 8-KSEC EDGARSEC EDGAR ↗+18.38%

Next close = the first close after the event against the close before it. Prior-session closes only; not a call, not advice.

What happened · big days

26 big days in a year, and what we hold on each

A big day is a close more than 5.16% from the one before, three times PWP’s median day (1.72%). On 6 of the 26, its peer group moved the same way at least half as far. We show what we hold. We never name a cause.

every other trading daya big day, numbered in the list below±5.16%Hover a bar for its day. Click a big day to open it.

Shaded: since our stories began, Jun 10. Tap a bar for its day.

#DayPWPWhat we hold that dayGroup (median of 4) · each

1 Oct 29, 2025−7.96%
Before our storiesgroup −1.9%, did not move with it
1Oct 29, 2025−7.96%
Before our stories
−1.9% did not move with itMSTR −3.3 · SYF −2.0 · COIN −1.9 · AXP −0.8
2 Nov 10, 2025+5.49%
Before our storiesgroup +0.9%, did not move with it
2Nov 10, 2025+5.49%
Before our stories
+0.9% did not move with itCOIN +2.8 · SYF +2.1 · AXP −0.2 · MSTR −1.3
3 Nov 17, 2025−7.11%
Before our storiesgroup −4.0%, moved with PWP
3Nov 17, 2025−7.11%
Before our stories
−4.0% moved with PWPCOIN −7.1 · AXP −4.5 · SYF −3.6 · MSTR −2.2
4 Nov 21, 2025+5.26%
Before our storiesgroup +1.8%, did not move with it
4Nov 21, 2025+5.26%
Before our stories
+1.8% did not move with itSYF +3.3 · AXP +2.6 · COIN +0.9 · MSTR −3.7
5 Jan 15, 2026+7.32%
Before our storiesgroup −2.5%, did not move with it
5Jan 15, 2026+7.32%
Before our stories
−2.5% did not move with itSYF −0.1 · AXP −0.3 · MSTR −4.7 · COIN −6.5
6 Feb 4, 2026+5.28%
Before our storiesgroup −1.0%, did not move with it
6Feb 4, 2026+5.28%
Before our stories
−1.0% did not move with itSYF +1.8 · AXP +1.2 · MSTR −3.1 · COIN −6.1
7 Feb 6, 2026+8.04%
Resultsgroup +7.3%, moved with PWP
7Feb 6, 2026+8.04%
ResultsFirst close after the Feb 6 results filing
+7.3% moved with PWPMSTR +26.1 · COIN +13.0 · SYF +1.6 · AXP +1.3
8 Feb 12, 2026−7.84%
Before our storiesgroup −2.8%, did not move with it
8Feb 12, 2026−7.84%
Before our stories
−2.8% did not move with itCOIN −7.9 · AXP −3.1 · SYF −2.5 · MSTR −2.4
9 Feb 27, 2026−5.27%
Before our storiesgroup −4.8%, moved with PWP
9Feb 27, 2026−5.27%
Before our stories
−4.8% moved with PWPAXP −7.9 · SYF −6.6 · MSTR −2.9 · COIN −2.9
10 Mar 6, 2026−5.65%
Before our storiesgroup −3.7%, moved with PWP
10Mar 6, 2026−5.65%
Before our stories
−3.7% moved with PWPMSTR −4.5 · COIN −4.1 · SYF −3.3 · AXP −2.0
11 Apr 8, 2026+7.55%
Before our storiesgroup +3.4%, did not move with it
11Apr 8, 2026+7.55%
Before our stories
+3.4% did not move with itSYF +4.5 · MSTR +3.7 · AXP +3.0 · COIN −0.1
12 Apr 9, 2026+5.51%
Before our storiesgroup +0.5%, did not move with it
12Apr 9, 2026+5.51%
Before our stories
+0.5% did not move with itSYF +0.7 · AXP +0.5 · MSTR +0.4 · COIN −3.5
13 Apr 30, 2026+6.16%
Before our storiesgroup +2.8%, did not move with it
13Apr 30, 2026+6.16%
Before our stories
+2.8% did not move with itMSTR +4.6 · COIN +3.3 · AXP +2.3 · SYF +1.4
14 May 1, 2026−9.37%
Resultsgroup +0.6%, did not move with it
14May 1, 2026−9.37%
ResultsFirst close after the May 1 results filing
+0.6% did not move with itAXP −1.0 · SYF −0.6 · COIN +1.9 · MSTR +7.1
15 May 4, 2026−6.11%
Before our storiesgroup +1.8%, did not move with it
15May 4, 2026−6.11%
Before our stories
+1.8% did not move with itSYF −2.0 · AXP −0.1 · MSTR +3.7 · COIN +6.1
16 Jun 3, 2026−6.31%
Before our storiesgroup −4.8%, moved with PWP
16Jun 3, 2026−6.31%
Before our stories
−4.8% moved with PWPMSTR −7.0 · COIN −6.2 · AXP −3.3 · SYF −3.2
17 Jun 11, 2026+5.17%
Nothing on PWPgroup +4.1%, moved with PWP
17Jun 11, 2026+5.17%
Nothing on PWPNo PWP story, brief or results filing in our record that day
+4.1% moved with PWPCOIN +4.2 · MSTR +4.2 · SYF +4.0 · AXP +1.6
18 Jun 29, 2026−6.88%
Nothing on PWPgroup +0.9%, did not move with it
18Jun 29, 2026−6.88%
Nothing on PWPNo PWP story, brief or results filing in our record that day
+0.9% did not move with itSYF −0.4 · AXP +0.1 · COIN +1.7 · MSTR +12.6
19 Jul 7, 2026−5.28%
Nothing on PWPgroup −2.6%, did not move with it
19Jul 7, 2026−5.28%
Nothing on PWPNo PWP story, brief or results filing in our record that day
−2.6% did not move with itMSTR −3.4 · COIN −3.2 · SYF −2.0 · AXP −1.8
20 Jul 8, 2026−8.40%
Nothing on PWPgroup −3.7%, did not move with it
20Jul 8, 2026−8.40%
Nothing on PWPNo PWP story, brief or results filing in our record that day
−3.7% did not move with itSYF −9.6 · AXP −3.8 · MSTR −3.6 · COIN −2.5
21 Jul 29, 2026−7.94%
Nothing on PWPgroup −2.9%, did not move with it
21Jul 29, 2026−7.94%
Nothing on PWPNo PWP story, brief or results filing in our record that day
−2.9% did not move with itCOIN −4.7 · MSTR −2.9 · SYF −2.8 · AXP −1.5
22 Jul 31, 2026+18.38%
Resultsgroup −3.2%, did not move with it
22Jul 31, 2026+18.38%
ResultsFirst close after the Jul 31 results filing
−3.2% did not move with itAXP −0.4 · SYF −1.8 · MSTR −4.6 · COIN −10.6
23 Sep 10, 2026−5.42%
Nothing on PWPgroup −1.9%, did not move with it
23Sep 10, 2026−5.42%
Nothing on PWPNo PWP story, brief or results filing in our record that day
−1.9% did not move with itMSTR −3.1 · SYF −2.5 · COIN −1.4 · AXP −0.3
24 Sep 15, 2026−6.68%
Nothing on PWPgroup −3.2%, did not move with it
24Sep 15, 2026−6.68%
Nothing on PWPNo PWP story, brief or results filing in our record that day
−3.2% did not move with itCOIN −10.1 · MSTR −5.4 · AXP −1.0 · SYF +0.2
25 Sep 29, 2026+11.82%
Nothing on PWPgroup −0.6%, did not move with it
25Sep 29, 2026+11.82%
Nothing on PWPNo PWP story, brief or results filing in our record that day
−0.6% did not move with itSYF +0.3 · AXP −0.3 · COIN −0.9 · MSTR −1.6
26 Oct 14, 2026−19.13%
1 storygroup −3.7%, did not move with it
26Oct 14, 2026−19.13%
1 story “Perella Weinberg and Piper Sandler abandon merger talks” · Financial Times
−3.7% did not move with itMSTR −5.9 · COIN −4.9 · SYF −2.5 · AXP −0.9

A story on the same day is not a cause, and a group move is not proof either. Group: the median of AXP, COIN, MSTR and SYF that day, the largest companies in PWP’s SEC industry; “moved with PWP” means the same direction and at least half the size.

What’s next · results

Before the next report: what the first day after the last four did

Six trading days after each results filing (SEC 8-K, Item 2.02). PWP reports before the open, so day 1 is that day’s close. 3 of 4 times, day 6 ended on the same side as day 1.

Reported Nov 7, 2025

day 1−4.40%day 6−0.80%

Reported Feb 6, 2026

day 1+8.04%day 6−0.23%

Reported May 1, 2026

day 1−9.37%day 6−19.17%

Reported Jul 31, 2026

day 1+18.38%day 6+17.37%

Next report: expected late October to early NovemberEstimated from the dates of its last four results filings. Not announced. Since the Jul 31 report: −11.27%. Four reports is a small sample.

Every report since 2022 →

Each line is PWP’s close against its close before the filing, on licensed end-of-day closes. What happened after each report, not a forecast; a move on the day is not a cause.

The numbers · FY2025, filed

SEC EDGAR

Market cap$1.3B

Revenue$750.9M−14.50%

Net income$48.0M

EPS, diluted$0.47+138.50%

Operating margin6.4%

Return on equity-37.7%

All filed figures

Snapshot

SEC EDGAR · FY 2025-12-31

SectorFinancial Services

Market Cap$1.3B

Enterprise Value$1.1B

Income$48.0M

Sales$750.9M

Book/sh—

Cash/sh—

Dividend TTM—

Payout48%

Employees—

IPO—

Quick Ratio—

Current Ratio1.26

Debt/Eq—

EPS (ttm)$0.47

EPS this Y138.5%

EPS past 3/5Y—

Sales past 3/5Y5.9%

EPS Y/Y TTM138.5%

Sales Y/Y TTM-14.5%

Shs Outstand—

ROA6.0%

ROE-37.7%

ROIC—

Gross Margin—

Oper. Margin6.4%

Profit Margin6.4%

Every figure here is filed with the SEC. Valuation and estimate metrics (P/E, PEG, EV/EBITDA, price targets, forward EPS) are omitted until our market-data feed is licensed for display — we’d rather show fewer numbers than blank ones. Deeper lines (cash flow, balance sheet) below.

Revenue by fiscal year

$801.7M

FY21

$631.5M

FY22

$648.7M

FY23

$878.0M

FY24

$750.9M

FY25

Operating leverage — margins

GrossOperatingNet

Financials, annual · income and cash flowSEC EDGAR · open ▸

Financials — annual

SEC EDGAR · last 5 FY · tap a row to explain it

USD	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$801.7M	$631.5M	$648.7M	$878.0M	$750.9M
Gross Profit	—	—	—	—	—
Operating Income	$66.6M	$-47.7M	$-115.1M	$-78.5M	$48.0M
Net Income	$-9.4M	$-32.0M	$-112.0M	$-89.0M	$48.0M
Diluted EPS	$-0.66	$-0.46	$-1.33	$-1.22	$0.47
Operating Cash Flow	$234.9M	$-17.8M	$145.9M	$223.4M	$34.8M
Free Cash Flow	$233.4M	$-44.3M	$88.3M	$207.0M	$30.5M

Same industry

PWP against four same-industry peers, a year at 100

PWP is down 31.2% in a year. Synchrony Financial is up 3.5% and American Express is down 9.5%. Of these four, Coinbase Global (−45.3%) and Strategy (−47.8%) did less. Weekly closes, Oct 17, 2025 = 100, on a log scale, so the same percentage move is the same height on every line.

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PWP −31.2%. Synchrony Financial +3.5%, American Express −9.5%, Coinbase Global −45.3%, Strategy −47.8%. Weekly closes, Oct 17, 2025 = 100, log scale.

Share this chart

End-of-day closes (Databento EOD), the last close of each week. The four peers are the largest US-listed companies by market value in PWP’s SEC industry (Finance Services) with a year of closes. It shows what the closes did; a move here is not a cause, a forecast or a call.

Same industry

In the screener →

AXP$212.0B COIN$52.8B MSTR$42.0B SYF$24.1B SOFI$19.5B BMNR$14.1B CRCL$13.8B IREN$10.9B

Follow the news. Track the move.

PWP story timeline

Company updates and connected market context, with the dated price move attached.

Stories

Direct

Sector context/Earnings

Oct 14

Perella Weinberg and Piper Sandler end talks on proposed $6bn merger

Perella Weinberg and Piper Sandler have abandoned merger talks that would have created an independent investment bank valued at $6bn. The breakdown leaves both firms operating separately and removes the proposed combination as a near-term consolidation catalyst.

Since story

+1.8%

2026-10-14 → 2026-10-16

Financial Times · 2d ago

View both sides →

Follow the news. Track the move.