PWP Q1 Revenue $149M, Down 30%; GAAP EPS $0.02; Adjusted EPS $0.05
Perella Weinberg Partners (PWP) reported Q1 2026 revenues of $148.9 million, a 30% decrease year-over-year, resulting in a GAAP pre-tax loss of $(11) million and adjusted pre-tax loss of $(3) million. GAAP diluted EPS was $0.02, and adjusted EPS was $0.05. Despite the decline in current quarter financials, the firm highlighted strong client dialogue and a two-year quarterly high backlog. PWP also announced the acquisition of Gleacher Shacklock, adding five partners and three managing directors, and invested in talent by adding two partners and eleven managing directors. The company maintained a strong balance sheet with $78 million in cash, returned $64 million to equity holders, and declared a quarterly dividend of $0.07 per share.
Key Highlights
- Acquired Gleacher Shacklock, adding 5 partners and 3 managing directors.
- Q1 2026 revenues were $148.9 million, a 30% decrease YoY.
- Reported GAAP pre-tax loss of $(10.6) million and adjusted pre-tax loss of $(3.3) million.
- GAAP diluted EPS was $0.02; Adjusted EPS was $0.05.
- Maintained strong balance sheet with $77.7 million cash and no debt.
- Returned $63.8 million to equity holders, including 2.7M share equivalents.
- Declared a quarterly dividend of $0.07 per share.
- Added 2 partners and 11 managing directors year-to-date.