v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Revenues $ 156,525 $ 155,267 $ 305,442 $ 367,098
Expenses        
Compensation and benefits 79,616 80,280 170,891 203,279
Equity-based compensation 36,278 28,034 67,063 54,279
Total compensation and benefits 115,894 108,314 237,954 257,558
Professional fees 4,589 6,899 12,501 26,095
Technology and infrastructure 9,834 9,237 19,814 18,526
Rent and occupancy 5,933 6,596 11,805 12,922
Travel and related expenses 5,578 5,329 11,506 10,973
General, administrative and other expenses 3,815 4,892 8,050 10,355
Depreciation and amortization 5,827 5,052 11,658 10,053
Total expenses 151,470 146,319 313,288 346,482
Operating income (loss) 5,055 8,948 (7,846) 20,616
Non-operating income (expenses)        
Other income (expense) 1,029 (2,700) 3,288 (2,469)
Total non-operating income (expenses) 1,029 (2,700) 3,288 (2,469)
Income (loss) before income taxes 6,084 6,248 (4,558) 18,147
Income tax expense (benefit) (247) 1,980 (10,144) (7,494)
Net income (loss) 6,331 4,268 5,586 25,641
Less: Net income (loss) attributable to non-controlling interests 1,027 1,530 (1,205) 5,564
Net income (loss) attributable to Perella Weinberg Partners $ 5,304 $ 2,738 $ 6,791 $ 20,077
Net income (loss) per share attributable to Class A common shareholders        
Basic (in dollars per Share) $ 0.07 $ 0.04 $ 0.09 $ 0.32
Diluted (in dollars per Share) $ 0.06 $ 0.04 $ 0.08 $ 0.29
Weighted-average shares of Class A common stock outstanding        
Basic (in shares) 74,162,048 63,064,731 72,290,670 62,604,779
Diluted (in shares) 101,732,555 98,831,307 101,897,486 74,555,206