PWP
Perella Weinberg Partners17.97
+0.25+1.41%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.62BP/E (TTM)
23.64Basic EPS (TTM)
0.76Dividend Yield
0.02%Recent Filings
8-K
8-K
Stock exchange completed
Perella Weinberg Partners issued 1,500,380 shares of Class A common stock on September 2, 2025, to certain PWP OpCo limited partners in exchange for their 1,498,883 Class A partnership units and matching Class B shares, under the PWP OpCo LPA terms. This exchange, exempt from registration via Section 4(a)(2), lets the company opt for stock or cash payouts. It tightens equity alignment. No financial impact disclosed.
10-Q
Q2 FY2025 results
Perella Weinberg Partners swung to profitability in Q2 FY2025, posting $155.3M in revenues—down 43% y/y from a blockbuster prior quarter but up sharply q/q—while operating income hit $8.9M versus a $82.2M loss last year, thanks to lighter equity-based comp after 2024's vesting rush. Gross margins aren't broken out, but total comp costs plunged 65% y/y to $108.3M, reflecting normalized bonuses amid softer M&A but steady financing advisory. Diluted EPS of $0.04 aligns with shares outstanding, no anti-dilution flags. Cash dipped to $145.0M from $331.6M year-start, with negative FCF (operating cash outflow $120.4M minus $1.8M capex) tied to bonus payouts, yet $50M revolver sits untapped and debt-free. An agreement to buy Devon Park Advisors eyes GP-led secondaries boost, closing Q4 post-regulatory nod. Litigation drags on, though.
8-K
Q2 revenues drop; Devon Park acquisition
Perella Weinberg reported Q2 2025 revenues of $155 million, down 43% year-over-year due to softer M&A activity, yet first-half revenues held steady at $367 million with adjusted pre-tax income of $33 million. The firm announced an acquisition of Devon Park Advisors to launch a private funds advisory platform, targeting the fast-growing secondaries market and expanding services to alternative asset managers; the deal closes early Q4 pending approval. Board added independent directors Edwin Bennett and Houda Dabboussi. Talent drives growth.
8-K
Annual meeting elects directors
Perella Weinberg Partners' stockholders, at the May 28, 2025 annual meeting, elected Andrew Bednar, Kristin W. Mugford, and Joseph R. Perella as Class I directors for terms until 2028, with strong support but notable withholdings. They ratified Ernst & Young as auditors for 2025 and approved executive compensation advisory, favoring annual votes by a wide margin. Directors secured. This signals robust governance continuity amid mixed pay sentiment.
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