NASDAQ$PWP

Perella Weinberg Partners · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

PWP reported Q3 2025, revenue of $164.6M, net income of $8.6M, diluted EPS of $0.08.

For Q3 2025, PWP reported revenue of $164.6M, net income of $8.6M, diluted EPS of $0.08. Management discusses operating trends, liquidity, and strategic priorities as disclosed in the quarterly filing.

  • Revenue $164.6M.
  • Net income $8.6M.
  • Diluted EPS $0.08.

Headline financials

Total Revenue

$165M

Previous: $278M-40.8%
EPS (adj)

$0.08

Previous: $0.24-66.7%
Quarterly Dividend

$0.07

No prior period
Adjusted Pre-Tax Income

$20.3M

No prior period
Cash and Cash Equivalents

$186M

No prior period
Total Compensation and Benefits GAAP

$116M

No prior period
Adjusted Total Compensation and Benefits

$110M

No prior period
Non-Compensation Expense GAAP

$39.4M

No prior period
Adjusted Non-Compensation Expense

$36.8M

No prior period
GAAP Operating Income (Loss) Margin

5.4%

No prior period
Adjusted Operating Income (Loss) Margin

10.6%

No prior period
GAAP Compensation Ratio

71.0%

No prior period
Adjusted Compensation Ratio

67.0%

No prior period
GAAP Effective Tax Rate

26.0%

No prior period
Adjusted If-Converted Effective Tax Rate

34.0%

No prior period
Capital Expenditures

-$3.35M

Previous: -$15.7M+78.7%
Net Income

$6M

Previous: $16.4M-63.3%
Operating Income

$8.87M

Previous: $35.9M-75.3%

Revenue & EPS history

PWP · Revenue · Quarterly

$165M

Q3 2025-40.8%vs Q3 2024
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Forward guidance

Management discusses PWP's outlook, capital deployment, and key risks as disclosed in the earnings materials and periodic report.

Tailwinds

  • PWP cited progress on strategic priorities in the quarterly filing.
  • Liquidity and balance sheet support continued operations and investment.

Headwinds

  • Macro, competitive, and regulatory factors may affect near-term results.
  • R&D, credit, or project timing can create quarter-to-quarter volatility.

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 Q3 2025

Historical avgQ3 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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