NASDAQ$PWP

Perella Weinberg Partners · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Perella Weinberg Partners reported Q1 2025, revenue of $211.8M, net income of $21.4M, diluted EPS of ($0.24).

For Q1 2025, Perella Weinberg Partners reported revenue of $211.8M, net income of $21.4M, diluted EPS was ($0.24). The filing highlights segment performance, liquidity, and management commentary on the period.

  • Revenue $211.8M.
  • Net income $21.4M.
  • Diluted EPS ($0.24).

Headline financials

Total Revenue

$212M

Previous: $102M+107.4%
EPS (adj)

-$0.24

Previous: -$0.91+73.6%
Quarterly Dividend

$0.07

No prior period
Adjusted Pre-Tax Income

$21M

No prior period
Cash and Cash Equivalents

$111M

No prior period
Total Compensation and Benefits GAAP

$149M

Previous: $115M+29.3%
Adjusted Total Compensation and Benefits

$142M

Previous: $86.1M+64.8%
Non-Compensation Expense GAAP

$50.9M

Previous: $40.3M+26.4%
Adjusted Non-Compensation Expense

$49.3M

Previous: $37M+33.1%
GAAP Operating Income (Loss) Margin

5.5%

Previous: -52.4%+110.5%
Adjusted Operating Income (Loss) Margin

9.7%

Previous: -20.6%+147.1%
GAAP Compensation Ratio

70.0%

Previous: 113.0%-38.1%
Adjusted Compensation Ratio

67.0%

Previous: 84.0%-20.2%
GAAP Effective Tax Rate

-80.0%

Previous: -38.0%-110.5%
Adjusted If-Converted Effective Tax Rate

-40.0%

Previous: 48.0%-183.3%
Capital Expenditures

-$1.04M

Previous: -$8.46M+87.7%
Net Income

$17.3M

Previous: -$35.8M+148.4%
Operating Income

$11.7M

Previous: -$53.6M+121.8%

Revenue & EPS history

PWP · Revenue · Quarterly

$212M

Q1 2025+107.4%vs Q1 2024
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Forward guidance

Management discusses operating priorities, capital allocation, and sector risks in the quarterly filing.

Tailwinds

  • Headline results and segment trends anchor the quarter.
  • Liquidity and balance-sheet capacity support operations.
  • Strategic initiatives outlined in MD&A.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items affect year-over-year comparability.
  • Execution risk on growth or restructuring plans.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+1.6%

Avg return

Earnings day

+1.1%

Avg return

5 days after

-0.5%

Avg return

30 days after

60%

12 / 20 earnings

Positive

+11.7%

Q2 2022

Best reaction

-17.7%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-9.1%-15.0%-24.6%
Q4 2025+8.0%+10.1%-20.1%
Q3 2025-4.6%+2.7%-1.2%
Q1 2025+2.4%-2.8%+0.7%
Q4 2024-6.8%-12.0%-22.5%
Q3 2024+6.7%+4.9%+7.2%
Q2 2024-5.7%-9.1%+6.9%
Q1 2024-2.7%-0.6%+2.7%
Q4 2023+8.9%+6.3%+13.5%
Q3 2023+6.4%+2.2%+17.7%
Q2 2023+8.5%+9.1%+5.9%
Q1 2023+10.5%+10.5%+13.3%
Q4 2022+4.5%+10.5%-11.0%
Q3 2022+5.9%+6.2%+25.7%
Q2 2022+11.7%+9.7%-4.0%
Q1 2022-17.7%-17.4%-5.6%
Q4 2021+0.6%-2.0%-16.3%
Q3 2021-2.0%+0.1%-15.6%
Q2 2021+5.6%+2.2%+6.1%
Q1 2021-0.2%+5.9%+10.8%

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