Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $770M | $844M | $758M | $846M | $1.25B | $2.04B | $1.44B | $1.30B | $1.51B | $1.83B |
| Revenue growth | — | 9.6% | -10.2% | 11.7% | 48.0% | 63.0% | -29.7% | -9.3% | 15.8% | 21.7% |
| Net income | -$22.0M | -$61.9M | $57.0M | $112M | $40.5M | $279M | $111M | $85.5M | $181M | $281M |
| Net margin | -2.9% | -7.3% | 7.5% | 13.2% | 3.2% | 13.6% | 7.7% | 6.6% | 12.0% | 15.3% |
| EPS (diluted) | -$1.73 | -$4.99 | $3.72 | $7.69 | $2.72 | $16.43 | $6.52 | $4.96 | $10.24 | $15.82 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$3.23M | $203M | $510M | $67.8M | $780M | $707M | -$225M | $276M | $313M | $587M |
| Share buybacks | $70.9M | $25.5M | $70.9M | $50.6M | $22.0M | $69.9M | $187M | $70.7M | $66.4M | $125M |
| Dividends paid | $0.00 | $18.9M | $47.2M | $35.6M | $28.2M | $99.3M | $108M | $84.4M | $73.7M | $114M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $70.4M | $33.8M | $50.4M | $250M | $508M | $971M | $366M | $383M | $483M | $809M |
| Total assets | $2.13B | $2.02B | $1.35B | $1.63B | $2.00B | $2.57B | $2.18B | $2.14B | $2.26B | $2.59B |
| Total liabilities | $1.31B | $1.28B | $615M | $822M | $1.07B | $1.34B | $928M | $842M | $840M | $1.01B |
| Long-term debt | — | — | — | $175M | $195M | $125M | $125M | $0.00 | — | — |
| Shareholders' equity | $759M | $693M | $677M | $731M | $829M | $1.06B | $1.05B | $1.09B | $1.23B | $1.37B |
| Retained earnings | $257M | $176M | $183M | $259M | $271M | $450M | $453M | $454M | $562M | $729M |
| Shares (wtd avg diluted) | 12.8M | 13.0M | 13.4M | 13.9M | 14.9M | 17.0M | 17.0M | 17.2M | 17.7M | 17.8M |
Every figure is extracted from PIPER SANDLER COMPANIES’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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