Perella Weinberg Partners PWP
We are a leading global independent advisory firm that provides strategic and financial advice to clients across the most active industry sectors and international markets. Our wide range of global clients include large public multinational corporations, mid-sized public and private companies, financial sponsors, individual entrepreneurs, private and institutional investors, creditor committees and government institutions.
We were founded in June 2006 with the opening of offices in New York and London, led by a team of ten seasoned advisory partners who previously held senior management positions at large global investment banks. The foundation of our Company was rooted in a belief, among other considerations, that clients would increasingly seek out deeply experienced advisors who offer independent strategic thinking and who are not burdened by the complicated conflicts that large investment banking institutions may face due to their various businesses. The 2008 global financial crisis reinforced this hypothesis and contributed to the early growth of our Company. Today, we believe that our independence is even more important. For clients and for us, independence means freedom from the distractions that dilute strategic thinking and a willingness and candor to share an honest opinion, even if at times it is contrary to our clients' point of view. We believe that our clients choose to engage us because they value our unbiased perspective and expert advice regarding complex financial and strategic matters.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- United Kingdom
- Other international countries
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| United States | $563.2M | $753.5M | $530.3M |
| United Kingdom | $100.9M | $48.8M | $53.6M |
| Other international countries | $86.8M | $75.8M | $64.8M |
As the company reported it, from the “Segment and Geographic Information - Schedule of Geographical Distribution of Revenues and Assets (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $750.9M | $878.0M | $648.7M | $631.5M | $801.7M | $519.0M | $533.3M | — |
| SG&A | $18.0M | $22.8M | $20.1M | $20.2M | $17.0M | $15.1M | $15.7M | — |
| Total operating expenses | $702.9M | $956.6M | $763.8M | $679.2M | $735.1M | $533.6M | $688.4M | — |
| Operating income | $48.0M | -$78.5M | -$115.1M | -$47.7M | $66.6M | -$14.6M | -$155.1M | — |
| Interest expense | — | — | $276.0K | $276.0K | $7.6M | $15.7M | $15.4M | — |
| Pre-tax income | $51.5M | -$68.3M | -$112.8M | -$21.4M | $22.9M | -$20.9M | -$161.6M | — |
| Income tax | $3.5M | $21.1M | $980.0K | $10.3M | $18.9M | $3.5M | $2.4M | — |
| Net income | $48.0M | -$89.0M | -$112.0M | -$32.0M | -$9.4M | -$24.3M | -$164.0M | — |
| EPS, basic | 0.55 | -1.22 | -0.40 | 0.41 | -0.22 | — | — | — |
| EPS, diluted | 0.47 | -1.22 | -1.33 | -0.46 | -0.66 | — | — | — |
| Shares, diluted (wtd. avg.) | 100.8M | 53.2M | 86.8M | 89.8M | 92.7M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $255.9M | $331.6M | $250.1M | $174.2M | $504.8M | $330.9M | $266.6M | $408.5M |
| Short-term investments | $0 | $75.8M | $91.2M | $140.1M | $0 | — | — | — |
| Total current assets | — | — | — | — | — | $1.4M | $10.8K | — |
| Property, plant and equipment | $77.2M | $84.9M | $93.7M | $48.4M | $10.4M | $17.2M | — | — |
| Goodwill | $72.7M | $34.4M | $34.4M | $34.4M | $34.4M | $34.4M | — | — |
| Other intangibles | $12.5M | $12.6M | $19.2M | $25.8M | $32.4M | $38.9M | — | — |
| Total assets | $797.6M | $876.8M | $761.1M | $717.1M | $718.3M | $543.0M | $65.6K | — |
| Total current liabilities | — | — | — | — | — | $793.0K | $42.9K | — |
| Long-term debt | — | — | — | — | $0 | $147.0M | — | — |
| Total liabilities | $536.9M | $647.0M | $492.9M | $457.0M | $447.0M | $468.8M | $42.9K | — |
| Retained earnings | -$130.6M | -$303.7M | -$54.6M | -$18.1M | -$18.1M | $0 | -$2.3K | — |
| Total equity | -$127.4M | -$421.4M | $268.2M | $260.1M | $271.4M | $74.2M | $81.9M | $92.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $34.8M | $223.4M | $145.9M | -$17.8M | $234.9M | $85.9M | -$106.1M | — |
| Depreciation and amortisation | $13.3M | $13.7M | $7.8M | $3.1M | $6.7M | $7.3M | $7.8M | — |
| Stock-based compensation | $110.5M | $188.9M | $184.5M | $156.4M | $97.0M | $24.8M | $193.3M | — |
| Capital expenditure | $4.3M | $16.4M | $57.6M | $26.6M | $1.5M | $5.5M | $7.4M | — |
| Investing cash flow | $51.7M | -$98.0K | -$5.8M | -$166.2M | -$2.4M | -$5.5M | -$7.3M | — |
| Financing cash flow | -$168.6M | -$137.3M | -$67.0M | -$136.8M | -$55.0M | -$22.0M | -$30.2M | — |
| Dividends paid | $22.9M | $20.3M | $13.1M | $12.8M | $6.0M | $0 | $0 | — |
| Buybacks | $33.7M | $15.0M | $22.5M | $68.7M | $12.0M | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001777835-26-000029.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $533.3M | $519.0M | $801.7M | $631.5M | $648.7M | $878.0M | $750.9M |
| Gross profit | — | — | — | — | — | — | — | — |
| Net income | — | -$164.0M | -$24.3M | -$9.4M | -$32.0M | -$112.0M | -$89.0M | $48.0M |
Recent filings and events
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Unregistered share sale Item 3.02
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Unregistered share sale Item 3.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Item 5.02
- Unregistered share sale Item 3.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 6199
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