Perella Weinberg Partners (PWP) Income Statement
PWP 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPWP revenue and net income
Where PWP's revenue goes
2025Each bar shows an amount and its share of revenue. PWP kept 4.7% of revenue as net income.
PWP profit margins
PWP growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −14.5% | +5.9% | +7.7% | — |
| Gross profit | +107.3% | +44.9% | +38.2% | — |
| Operating income | — | — | — | — |
| Net income | — | +25.7% | — | — |
| EPS (diluted) | −28.0% | −4.9% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PWP quarterly EPS vs estimates
Perella Weinberg Partners beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 6, 2026 (estimate $0.14).
PWP income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $750.9M | $878.0M | $648.7M | $631.5M | $801.7M | $519.0M | $533.3M | $679.6M | $403.0M |
| Cost of revenue | $20.8M | $525.9M | $426.6M | $391.3M | $600.7M | $374.3M | $349.8M | $0 | $0 |
| Gross profit | $730.1M | $352.1M | $222.1M | $240.2M | $201.0M | $144.7M | $183.5M | $679.6M | $403.0M |
| Research & development | — | $100,000 | $300,000 | $1.0M | $1.2M | $1.7M | $1.5M | $2.1M | — |
| Sales, general & admin | $61.5M | $354.7M | $269.0M | $234.1M | $119.9M | $110.7M | $276.0M | $73.1M | — |
| Total operating expenses | $682.1M | $430.6M | $337.2M | $287.9M | $134.4M | $159.2M | $338.6M | $977 | $594.1M |
| Operating income | $48.0M | −$78.5M | −$115.1M | −$47.7M | $66.6M | −$14.6M | −$155.1M | −$107.4M | −$189.3M |
| Interest expense | — | — | $276,000 | $276,000 | $7.6M | $15.7M | $15.4M | $0 | $0 |
| Income before taxes | $51.5M | −$68.3M | −$112.8M | −$21.4M | $22.9M | −$20.9M | −$161.6M | −$123.2M | −$191.1M |
| Income taxes | $3.5M | $21.1M | −$980,000 | $10.3M | $18.9M | $3.5M | $2.4M | $2.5M | $646,000 |
| Net income | $35.5M | −$64.7M | −$17.2M | $17.9M | $4.0M | −$24.3M | −$164.0M | −$977 | −$190.5M |
| EBITDA | $72.3M | −$58.2M | −$100.4M | −$37.0M | $89.3M | $10.4M | −$130.3M | −$977 | −$504,000 |
| EPS (diluted) | $0.67 | $0.93 | $0.45 | $0.78 | $1.59 | −$0.16 | −$1.62 | — | — |
| Gross margin | 97.2% | 40.1% | 34.2% | 38.0% | 25.1% | 27.9% | 34.4% | 100.0% | 100.0% |
| Operating margin | 6.4% | −8.9% | −17.7% | −7.6% | 8.3% | −2.8% | −29.1% | −15.8% | −47.0% |
| Net margin | 4.7% | −7.4% | −2.7% | 2.8% | 0.5% | −4.7% | −30.8% | −0.0% | −47.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $156.5M | $148.9M | $219.2M | $164.6M | $155.3M | $211.8M | $225.7M | $278.2M | $272.0M | $102.1M | $212.7M | $139.0M |
| Cost of revenue | $5.8M | $5.8M | −$271.2M | $88.7M | $80.3M | $123.0M | $133.3M | $174.1M | $150.0M | $68.6M | $165.5M | $84.9M |
| Gross profit | $150.7M | $143.1M | $490.4M | $75.9M | $75.0M | $88.8M | $92.4M | $104.2M | $122.0M | $33.5M | $47.2M | $54.1M |
| Research & development | — | — | — | — | — | — | $100,000 | — | — | — | $300,000 | — |
| Sales, general & admin | $8.4M | $12.1M | $11.6M | $47.0M | $46.4M | $57.2M | $50.9M | $49.8M | $185.3M | $68.7M | $72.6M | $65.0M |
| Total operating expenses | $145.6M | $156.0M | $471.8M | $67.0M | $66.0M | $77.2M | $71.0M | $68.3M | $204.3M | $87.1M | $91.1M | $80.8M |
| Operating income | $5.1M | −$12.9M | $18.5M | $8.9M | $8.9M | $11.7M | $21.4M | $35.9M | −$82.2M | −$53.6M | −$44.0M | −$26.7M |
| Interest expense | — | — | — | — | — | — | — | — | — | — | $280,000 | — |
| Income before taxes | $6.1M | −$10.6M | $21.8M | $11.6M | $6.2M | $11.9M | $27.8M | $36.4M | −$81.5M | −$50.9M | −$43.9M | −$23.9M |
| Income taxes | −$247,000 | −$9.9M | $8.0M | $3.0M | $2.0M | −$9.5M | −$4.9M | $7.5M | −$642,000 | $19.1M | −$1.5M | −$191,000 |
| Net income | $5.3M | $1.5M | $9.4M | $6.0M | $2.7M | $17.3M | $20.8M | $16.4M | −$66.0M | −$35.8M | −$10.4M | −$2.0M |
| EBITDA | $10.9M | −$7.1M | $27.5M | $13.9M | $14.0M | $16.7M | $26.4M | $41.0M | −$77.1M | −$48.5M | −$36.9M | −$23.0M |
| EPS (diluted) | $0.20 | $0.05 | $0.17 | $0.13 | $0.09 | $0.28 | $0.26 | $0.34 | $0.43 | −$0.10 | $0.08 | $0.12 |
| Gross margin | 96.3% | 96.1% | 223.7% | 46.1% | 48.3% | 41.9% | 40.9% | 37.4% | 44.9% | 32.8% | 22.2% | 38.9% |
| Operating margin | 3.2% | −8.7% | 8.5% | 5.4% | 5.8% | 5.5% | 9.5% | 12.9% | −30.2% | −52.4% | −20.7% | −19.2% |
| Net margin | 3.4% | 1.0% | 4.3% | 3.6% | 1.8% | 8.2% | 9.2% | 5.9% | −24.3% | −35.1% | −4.9% | −1.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PWP's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PWP financial results
In fiscal year 2025 (ended December 31, 2025), Perella Weinberg Partners reported revenue of $750.9 million, down 14.5% from the year before. It had net income of $35.5 million, a net profit margin of 4.7%. Diluted earnings per share came to $0.67. Over five years revenue grew at an average rate of 7.7% a year.
See the PWP stock overview for the latest quote and news, or the PWP chart for price history and technical indicators.
PWP income statement FAQ
What is Perella Weinberg Partners's annual revenue?
Perella Weinberg Partners reported total revenue of $750.9 million for fiscal year 2025, which ended on December 31, 2025. That was down 14.5% from $878.0 million the previous year.
Is Perella Weinberg Partners profitable?
Yes. Perella Weinberg Partners reported net income of $35.5 million in fiscal 2025, a net profit margin of 4.7%; its operating margin was 6.4%.
What is Perella Weinberg Partners's gross margin?
Perella Weinberg Partners's gross margin was 97.2% in fiscal 2025: for every $100 of revenue, Perella Weinberg Partners kept $97 after the direct cost of its products and services.
How fast is Perella Weinberg Partners growing?
Revenue grew 7.7% a year on average over the last five fiscal years, from $519.0 million to $750.9 million.
What are Perella Weinberg Partners's earnings per share?
Perella Weinberg Partners earned $0.67 per diluted share in fiscal 2025, compared with $0.93 a year earlier.
When will Perella Weinberg Partners report its next earnings?
Perella Weinberg Partners is expected to report results for the quarter ending September 30, 2026 on November 6, 2026 before the market opens.
When does Perella Weinberg Partners's fiscal year end?
Perella Weinberg Partners's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.