Perella Weinberg Reports Full Year and Fourth Quarter 2025 Results

Financial Overview - Full Year - For the full year ended December 31, 2025, revenues were $750.9 million, a decrease of 14% from $878.0 million in 2024, primarily due to fewer M&A closings, partially offset by increased contributions from financing and capital solutions [4][6] - GAAP pre-tax income for 2025 was $52 million, with adjusted pre-tax income at $82 million [6] - The firm reported a GAAP diluted EPS of $0.47 and an adjusted EPS of $0.68 for the year [6] Financial Overview - Fourth Quarter - In the fourth quarter of 2025, revenues were $219.2 million, down 3% from $225.7 million in Q4 2024, attributed to a decrease in large restructuring fees [4][6] - GAAP pre-tax income for Q4 was $22 million, with adjusted pre-tax income at $29 million [6] - The GAAP diluted EPS for Q4 was $0.10, while the adjusted EPS was $0.17 [6] Talent Investment - The firm added twelve partners and eleven managing directors in 2025, with two partners added in 2026 year-to-date [6] - Strategic investments in talent over the last twelve months were the highest in the firm's history, positioning the company to capitalize on favorable M&A conditions [2] Capital Management - As of December 31, 2025, the firm had $256 million in cash and no debt, indicating a strong balance sheet [6][14] - The company returned $163 million to equity holders in 2025 through share repurchases and dividends, including a declared quarterly dividend of $0.07 per share [6][16]