10-K · February 27, 2026
Perella Weinberg Partners reported 2025 revenue of $750.9 million, down from $878.0 million in 2024, while returning to operating profitability with operating income of $48.0 million in 2025 versus an operating loss of…
Earnings analysis · 10-Q
PWP earnings analysis
Filed May 1, 2026 · Our reading of the company's report
The latest report
Perella Weinberg Partners reported disappointing Q1 2026 results, with revenue declining by 30% year-over-year to $148.9 million, significantly below the consensus estimate of $166.3 million. EPS came in at $0.05,…
Read full summary
Perella Weinberg Partners reported disappointing Q1 2026 results, with revenue declining by 30% year-over-year to $148.9 million, significantly below the consensus estimate of $166.3 million. EPS came in at $0.05, missing expectations of $0.17, while the company reported a substantial reduction in net income attributable to shareholders, down 91% from the previous year.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.05
What stood out
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Q1 Revenue Disappoints
Revenues fell to $148.9 million, a 30% decrease from $211.8 million year-over-year.
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Significant EPS Miss
Reported EPS was $0.05, missing the consensus estimate of $0.17 by 70.6%.
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Strong Cash Position
Cash balance decreased to $77.7 million, down from $255.9 million, but still no debt.
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Lower Operating Expenses
Operating expenses fell by 19% to $161.8 million compared to $200.2 million in Q1 2025.
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Increased Non-Operating Income
Non-operating income rose to $2.3 million, compared to $0.2 million in Q1 2025.
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High Average Fees per Client
Despite fewer clients, average fees increased, although overall revenue declined.
What to watch
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Pre-Tax Loss
The company incurred a pre-tax loss of $10.6 million, contrasting with a profit of $11.9 million in Q1 2025.
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Decline in Client Engagement
Total advisory clients decreased to 62 from 74 year-over-year.
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Increased Dependence on Cash Flows
Liquidity heavily reliant on cash collections from clients amidst volatility in transaction closures.
Management's outlook
No forward guidance provided.
Earlier filings 4
10-Q · November 7, 2025
Perella Weinberg Partners reported revenue of $164,645,000 for Q3 2025, down from $278,242,000 in Q3 2024, with diluted EPS of $0.08 (basic $0.09). Operating income fell to $8,867,000 from $35,894,000 year-over-year,…
10-Q · August 2, 2024
Perella Weinberg Partners reported quarterly revenue of $271,998,000 (up $106,453,000 or 64% vs. $165,545,000 in Q2 2023) but delivered a larger operating loss of $(82,232,000) versus an operating loss of $(21,752,000)…
10-K · February 23, 2024
Perella Weinberg Partners (PWP) positions itself as a leading global independent advisory firm, emphasizing independence, senior advisory talent and an integrated advisory platform across six industry verticals and ten…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.