---
schema_version: "secwatch.filing_event.v1"
accession: "0001230245-25-000077"
form_type: "8-K"
ticker: "PIPR"
cik: "0001230245"
company_name: "PIPER SANDLER COMPANIES"
filed_at: "2025-05-02T23:59:59+00:00"
generated_at: "2026-05-22T22:11:05.257914+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Piper Sandler Q1 2025: GAAP EPS $3.65 (+50% YoY), adjusted EPS $4.09 (+47% YoY), revenue $357M

## Summary
- GAAP net revenue $357M, up 4% YoY; adjusted net revenue $383M, up 15% YoY.
- GAAP net income $65M, up 53% YoY; adjusted net income $73M, up 47% YoY.
- GAAP diluted EPS $3.65, up 50% YoY; adjusted diluted EPS $4.09, up 47% YoY.
- Advisory services achieved record first quarter revenues, per CEO Chad Abraham.
- Quarterly dividend declared at $0.65 per share.

## SEC filing metadata
- accession: 0001230245-25-000077
- form_type: 8-K
- ticker: PIPR
- cik: 0001230245
- company_name: PIPER SANDLER COMPANIES
- filed_at: 2025-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1230245/000123024525000077/0001230245-25-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1230245/000123024525000077/pipr-20250502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001230245-25-000077
- JSON: https://secwatch.observer/filing/0001230245-25-000077.json
- Plain text: https://secwatch.observer/filing/0001230245-25-000077.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.