PWP

MKT CAP:$2B

Perella Weinberg Partners

Market Cap

$2B

Financial Services·Financial - Capital Markets·🇺🇸 United States·NASDAQ

Financials·Financial·🇺🇸·NASDAQ

Stock Price

$21.07+$3.52 (+20.06%)

Apr 24, 2026

Company Details

Perella Weinberg Partners, an independent investment banking company, provides strategic and financial advice services in the United States and internationally. The company offers advice services related to mission-critical strategic and fi...

CEO

Andrew Bednar

IPO Date

Nov 24, 2020

Website

www.pwpartners.com

Key Metrics TTM

Revenue

$697M

— YoY

Net Income

$23M

EPS (Diluted)

-$0.01

Free Cash Flow

$151M

Revenue / Share

$8.04

Gross Margin

34.5%

Operating Margin

1.3%

Net Margin

3.3%

FCF Margin

21.6%

P/S

2.8x

P/E

83.8x

Earnings Reports

Q4 2023

May 1, 2026

PENDING

Q3 2023

Nov 7, 2023

$139MEPS -$0.27

Q4 2021

Jul 7, 2022

$199M+5.2%EPS -$0.00

Q1 2021

May 24, 2021

$170M+92.0%EPS $0.24

FY 2020

May 4, 2021

$519M-2.7%EPS -$0.26

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 20	$88M	$88M	-$4M
Q2 20	$119M	-$26M	-$21M
Q3 20	$123M	$38M	$2M
Q4 20	$189M	$44M	$8M
Q1 21	$170M	$60M	$28M
Q4 21	$199M	$82M	-$619.0K
Q3 23	$139M	$54M	-$27M

Valuation

Quarter	P/S	P/E
Q1 20	—	—
Q2 20	—	—
Q3 20	—	—
Q4 20	3.7x	—
Q1 21	3.2x	864.7x
Q4 21	2.8x	80.4x
Q3 23	2.8x	83.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 20	$138M	$137M
Q1 21	-$122M	-$122M
Q4 21	$109M	$108M
Q3 23	$38M	$27M

Capital Expenditures

Quarter	CapEx
Q4 20	$557.0K
Q1 21	$417.0K
Q4 21	$778.0K
Q3 23	$11M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 21	+92.0%	+54.1%
Q4 21	+67.8%	+43.3%
Q3 23	+13.2%	+36.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 20	$6M	3.3%
Q1 21	$52M	—
Q4 21	$0	0.0%
Q3 23	$43M	31.3%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 20	$400.0K	$16M	$72M
Q2 20	—	$45M	—
Q3 20	—	$25M	—
Q4 20	—	$24M	—
Q1 21	—	$21M	—
Q4 21	—	$69M	—
Q3 23	—	$65M	—

Revenue by Geography

Quarter	Non-US	United States
Q3 23	$15M	$124M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$225M	$0	$225M
Q2 22	$153M	$0	$153M
Q3 22	$146M	$139M	$284M
Q4 22	$174M	$140M	$314M
Q1 23	$108M	$25M	$133M
Q2 23	$132M	$50M	$182M
Q3 23	$129M	$70M	$199M
Q4 23	$247M	$91M	$338M
Q1 24	$157M	$0	$157M
Q2 24	$185M	$0	$185M
Q3 24	$260M	$75M	$335M
Q4 24	$332M	$76M	$407M
Q1 25	$111M	$0	$111M
Q2 25	$145M	$0	$145M
Q3 25	$186M	$0	$186M
Q4 25	$256M	$0	$256M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 20	101M	—	—
Q2 20	101M	0.0%	—
Q3 20	101M	0.0%	—
Q4 20	93M	-8.1%	—
Q1 21	93M	+0.7%	-7.5%
Q4 21	94M	+0.2%	-7.3%
Q3 23	87M	-7.4%	-14.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 20	—	—
Q2 20	—	—
Q3 20	—	—
Q4 20	$63M	3
Q1 21	$57M	3
Q4 21	$330.4K	602
Q3 23	$208.4K	667

Revenue / Employee