Perella Weinberg Partners Reports First Quarter 2021 Results

Perella Weinberg Partners (“PWP”), a leading global independent advisory firm, today reported financial results for the quarter ended March 31, 2021. The firm reported revenues of $169.8 million for the three months ended March 31, 2021, compared with $92.4 million for the three months ended March 31, 2020. GAAP net income and adjusted net income were $22.5 million and $31.5 million, respectively, for the three months ended March 31, 2021, compared with GAAP net loss of ($4.1) million and adjusted net income of $4.7 million, for the three months ended March 31, 2020.⁽¹⁾

“We were pleased to see advisory activity continue to accelerate in the first quarter of 2021. We believe we benefited from an overall rise in advisory activity, rising demand for independent advice and PWP’s strengthening brand in the marketplace. During the quarter, we saw robust activity across our industries and geographies of focus and in all of our advisory products. As we continue along our path towards becoming a public company, our team is focused on growing our coverage footprint and deepening our client relationship to drive sustainable growth and deliver long-term shareholder value,” stated Peter Weinberg, Chief Executive Officer. 

(1) Throughout this release, adjusted figures represent non-GAAP information. See “Non-GAAP Financial Measures” and the tables at the end of this release for an explanation of the adjustments and reconciliations to the comparable GAAP numbers.

Selected Financial Data (Unaudited)
		U.S. GAAP								Adjusted (Non-GAAP)
		Three Months Ended March 31,
		2021				2020				2021				2020
Revenues		$	169,802			$	92,396			$	169,802			$	92,396
Operating expenses:
Total compensation and benefits			115,627			64,696		FTIV :FTIV FTIV Rankings N/A Ranked by Market Cap N/A Ranked by Dividends FTIV Latest News Jun 24, 2021 Perella Weinberg Partners Completes Business Combination With FinTech Acquisition Corp. IV Jun 22, 2021 FinTech Acquisition Corp. IV Announces Stockholders Approve Business Combination With Perella Weinberg Partners Jun 1, 2021 FinTech Acquisition Corp. IV Announces Special Meeting Date for Proposed Business Combination with Perella Weinberg Partners May 14, 2021  Perella Weinberg Partners Announces First Quarter 2021 Earnings Conference Call Details Dec 30, 2020 Perella Weinberg Partners and FinTech IV Announce Execution of Definitive Business Combination Agreement FTIV Stock Data Explore About Rhea-AI Sitemap Legal Terms of Use Cookie Notice Privacy Policy Links RSS feed Discord Server Facebook Reddit © 2020-2025 StockTitan.net Login Please enter your login and password Email address Password Forgot password? LOGIN Close Don't have an account? Sign Up! Forgot Password Please enter your email address Email address RECOVER Close Sign Up To create a free account, please fill out the form below. Username Email address Password I accept the user agreement Sign me up for the newsletter CREATE ACCOUNT Close Already have an account? Login