---
schema_version: "secwatch.filing_event.v1"
accession: "0001230245-25-000132"
form_type: "8-K"
ticker: "PIPR"
cik: "0001230245"
company_name: "PIPER SANDLER COMPANIES"
filed_at: "2025-08-01T23:59:59+00:00"
generated_at: "2026-05-17T21:46:08.578355+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Piper Sandler Q2 2025 EPS $2.38 GAAP ($2.95 adjusted); revenue up 17% YoY; dividend raised to $0.70

## Summary
- GAAP net income $42M ($2.38 diluted EPS); adjusted net income $53M ($2.95 diluted EPS).
- Net revenues GAAP $397M (+17% YoY); adjusted $405M (+14% YoY).
- GAAP pre-tax margin 12.3%; adjusted pre-tax margin 18.1%.
- Quarterly dividend increased to $0.70 per share (prior undisclosed).
- CEO cites broad diversification and constructive market environment.

## SEC filing metadata
- accession: 0001230245-25-000132
- form_type: 8-K
- ticker: PIPR
- cik: 0001230245
- company_name: PIPER SANDLER COMPANIES
- filed_at: 2025-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1230245/000123024525000132/0001230245-25-000132-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1230245/000123024525000132/pipr-20250801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001230245-25-000132
- JSON: https://secwatch.observer/filing/0001230245-25-000132.json
- Plain text: https://secwatch.observer/filing/0001230245-25-000132.txt

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