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Piper Sandler Companies balance sheet

At the end of fiscal 2025, Piper Sandler Companies had total assets of $2.59bn, total liabilities of $1.01bn and shareholders' equity of $1.37bn. It held $809m in cash against $15.0m of debt: net cash of $794m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash and equivalents41508510512416190703450250508971366383483809304
Goodwill165317197197211212218196828288228228301302312319319
Total assets1,7032,0341,6562,0882,3182,6242,1392,1262,0251,3451,6291,9972,5652,1822,1412,2562,5932,327
Short-term debt9019416947751537844641929050500—030101515
Long-term debt01251150——————1751951251250———
Total debt903192844775153784464192905022519512512530101515
Total liabilities9251,2169051,2981,4361,6541,3061,3091,2836158221,0711,3389288428401,010759
Shareholders' equity7798137187337358207847596936777318291,0621,0541,0851,2281,3711,373
Non-controlling interests and other (assets − liabilities − equity)———57147150495748537597165200214188212195
Net debt (negative = net cash)49268199372391362256348256−0−25−313−846−241−353−473−794−289
Shares outstanding63m59m63m61m58m61m53m50m52m52m55m55m71m68m76m64m67m68m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Piper Sandler Companies's SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Piper Sandler Companies.