Perella Weinberg Partners Financials
This page shows Perella Weinberg Partners (PWP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Perella Weinberg Partners passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Perella Weinberg Partners generates $0.98 in operating cash flow ($34.8M OCF vs $35.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Perella Weinberg Partners generated $750.9M in revenue in fiscal year 2025. This represents a decrease of 14.5% from the prior year.
Perella Weinberg Partners's EBITDA was $68.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 218.4% from the prior year.
Perella Weinberg Partners reported $35.5M in net income in fiscal year 2025. This represents an increase of 154.8% from the prior year.
Perella Weinberg Partners earned $0.47 per diluted share (EPS) in fiscal year 2025. This represents an increase of 138.5% from the prior year.
Cash & Balance Sheet
Perella Weinberg Partners generated $30.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 85.3% from the prior year.
Perella Weinberg Partners held $255.9M in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
Perella Weinberg Partners's operating margin was 6.4% in fiscal year 2025, reflecting core business profitability. This is up 15.3 percentage points from the prior year.
Perella Weinberg Partners's net profit margin was 4.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 12.1 percentage points from the prior year.
Capital Allocation
Perella Weinberg Partners spent $33.7M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 124.4% from the prior year.
Perella Weinberg Partners invested $4.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 73.7% from the prior year.
PWP Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $219.2M+33.1% | $164.6M+6.0% | $155.3M-26.7% | $211.8M-6.1% | $225.7M-18.9% | $278.2M+2.3% | $272.0M+166.3% | $102.1M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $3.4M-18.9% | $4.2M-13.8% | $4.9M-10.5% | $5.5M+8.1% | $5.1M-16.1% | $6.0M-16.6% | $7.2M+59.8% | $4.5M |
| Operating Income | $18.5M+108.9% | $8.9M-0.9% | $8.9M-23.3% | $11.7M-45.4% | $21.4M-40.5% | $35.9M+143.6% | -$82.2M-53.5% | -$53.6M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $8.0M+164.1% | $3.0M+52.7% | $2.0M+120.9% | -$9.5M-94.5% | -$4.9M-164.9% | $7.5M+1269.5% | -$642K-103.4% | $19.1M |
| Net Income | $9.4M+56.5% | $6.0M+119.3% | $2.7M-84.2% | $17.3M-16.5% | $20.8M+26.9% | $16.4M+124.8% | -$66.0M-84.2% | -$35.8M |
| EPS (Diluted) | N/A | $0.08+100.0% | $0.04-83.3% | $0.24 | N/A | $0.24+119.8% | $-1.21-33.0% | $-0.91 |
PWP Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $797.6M+22.7% | $650.2M+7.2% | $606.7M+6.4% | $570.5M-34.9% | $876.8M+8.1% | $810.9M+25.6% | $645.5M+10.6% | $583.6M |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $255.9M+37.9% | $185.5M+27.9% | $145.0M+30.4% | $111.2M-66.4% | $331.6M+27.4% | $260.2M+40.4% | $185.3M+18.2% | $156.7M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $62.7M+53.9% | $40.7M-14.6% | $47.7M+2.4% | $46.6M-36.4% | $73.3M-16.2% | $87.5M-3.4% | $90.5M+56.4% | $57.9M |
| Goodwill | $72.7M+111.4% | $34.4M0.0% | $34.4M0.0% | $34.4M0.0% | $34.4M0.0% | $34.4M0.0% | $34.4M0.0% | $34.4M |
| Total Liabilities | $925.0M-2.9% | $952.6M+3.0% | $925.1M+3.5% | $893.6M-31.2% | $1.3B+10.8% | $1.2B+26.2% | $928.5M+120.2% | $421.7M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$127.4M+57.9% | -$302.4M+5.0% | -$318.4M+1.5% | -$323.1M+23.3% | -$421.4M-16.8% | -$360.8M-27.5% | -$283.0M-274.8% | $161.9M |
| Retained Earnings | -$130.6M+19.3% | -$161.9M+9.8% | -$179.4M+9.2% | -$197.6M+34.9% | -$303.7M-23.2% | -$246.4M-46.8% | -$167.9M-74.9% | -$96.0M |
PWP Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $96.0M+62.3% | $59.2M+5.4% | $56.1M+131.8% | -$176.5M-226.6% | $139.4M-30.4% | $200.3M+122.5% | $90.0M+143.6% | -$206.3M |
| Capital Expenditures | $963K-36.6% | $1.5M+93.0% | $787K-24.6% | $1.0M+58.7% | $658K-33.7% | $993K-84.1% | $6.3M-26.0% | $8.5M |
| Free Cash Flow | $95.1M+64.9% | $57.6M+4.2% | $55.3M+131.2% | -$177.6M-228.0% | $138.8M-30.4% | $199.3M+137.9% | $83.7M+139.0% | -$214.8M |
| Investing Cash Flow | -$19.8M-1204.9% | -$1.5M-93.0% | -$787K-101.1% | $73.9M+11326.0% | -$658K+99.1% | -$75.9M-1111.9% | -$6.3M-107.6% | $82.7M |
| Financing Cash Flow | -$5.9M+66.9% | -$17.9M+25.1% | -$23.9M+80.2% | -$120.8M-92.1% | -$62.9M-22.3% | -$51.4M+9.4% | -$56.8M-267.9% | $33.8M |
| Dividends Paid | $4.6M-20.2% | $5.8M+1.7% | $5.7M-31.4% | $8.3M+78.9% | $4.7M-14.3% | $5.4M-3.0% | $5.6M+18.1% | $4.8M |
| Share Buybacks | $0-100.0% | $1.9M-89.0% | $17.3M+19.8% | $14.4M | $0 | $0-100.0% | $15.0M | $0 |
PWP Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 8.5%+3.1pp | 5.4%-0.4pp | 5.8%+0.2pp | 5.5%-4.0pp | 9.5%-3.4pp | 12.9%+43.1pp | -30.2%+22.2pp | -52.4% |
| Net Margin | 4.3%+0.6pp | 3.6%+1.9pp | 1.8%-6.4pp | 8.2%-1.0pp | 9.2%+3.3pp | 5.9%+30.2pp | -24.3%+10.8pp | -35.1% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -22.1% |
| Return on Assets | 1.2%+0.3pp | 0.9%+0.5pp | 0.4%-2.6pp | 3.0%+0.7pp | 2.4%+0.3pp | 2.0%+12.3pp | -10.2%-4.1pp | -6.1% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | -7.26-4.1 | -3.15-0.2 | -2.91-0.1 | -2.77+0.3 | -3.08+0.2 | -3.25+0.0 | -3.28-5.9 | 2.60 |
| FCF Margin | 43.4%+8.4pp | 35.0%-0.6pp | 35.6%+119.5pp | -83.8%-145.3pp | 61.5%-10.1pp | 71.6%+40.8pp | 30.8%+241.1pp | -210.3% |
Note: Shareholder equity is negative (-$127.4M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Frequently Asked Questions
What is Perella Weinberg Partners's annual revenue?
Perella Weinberg Partners (PWP) reported $750.9M in total revenue for fiscal year 2025. This represents a -14.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Perella Weinberg Partners's revenue growing?
Perella Weinberg Partners (PWP) revenue declined by 14.5% year-over-year, from $878.0M to $750.9M in fiscal year 2025.
Is Perella Weinberg Partners profitable?
Yes, Perella Weinberg Partners (PWP) reported a net income of $35.5M in fiscal year 2025, with a net profit margin of 4.7%.
What is Perella Weinberg Partners's EBITDA?
Perella Weinberg Partners (PWP) had EBITDA of $68.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Perella Weinberg Partners's operating margin?
Perella Weinberg Partners (PWP) had an operating margin of 6.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Perella Weinberg Partners's net profit margin?
Perella Weinberg Partners (PWP) had a net profit margin of 4.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Perella Weinberg Partners's free cash flow?
Perella Weinberg Partners (PWP) generated $30.5M in free cash flow during fiscal year 2025. This represents a -85.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Perella Weinberg Partners's operating cash flow?
Perella Weinberg Partners (PWP) generated $34.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Perella Weinberg Partners's total assets?
Perella Weinberg Partners (PWP) had $797.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Perella Weinberg Partners's capital expenditures?
Perella Weinberg Partners (PWP) invested $4.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Perella Weinberg Partners's debt-to-equity ratio?
Perella Weinberg Partners (PWP) had a debt-to-equity ratio of -7.26 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Perella Weinberg Partners's return on assets (ROA)?
Perella Weinberg Partners (PWP) had a return on assets of 4.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is Perella Weinberg Partners's debt-to-equity ratio negative or unusual?
Perella Weinberg Partners (PWP) has negative shareholder equity of -$127.4M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Perella Weinberg Partners's Piotroski F-Score?
Perella Weinberg Partners (PWP) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Perella Weinberg Partners's earnings high quality?
Perella Weinberg Partners (PWP) has an earnings quality ratio of 0.98x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.