v3.26.3
Net Income (Loss) Per Share Attributable to Class A Common Shareholders
 9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Attributable to Class A Common Shareholders
Note 14—Net Income (Loss) Per Share Attributable to Class A Common Shareholders
The calculations of basic and diluted net income (loss) per share attributable to Class A common shareholders are presented below:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2026202520262025
Numerator:
Net income (loss) attributable to Perella Weinberg Partners – basic$17,560 $6,004 $24,351 $26,081 
Dilutive effect from assumed exchange of PWP OpCo Units, net of tax3,657 1,971 4,794 — 
Dilutive effect from assumed vesting of PWP Incentive Plan Awards, net of tax282 257 457 1,435 
Net income (loss) attributable to Perella Weinberg Partners – diluted$21,499 $8,232 $29,602 $27,516 
Denominator:
Weighted average shares of Class A common stock outstanding – basic78,841,501 64,071,958 74,499,165 63,100,339 
Weighted average number of incremental shares from assumed exchange of PWP OpCo Units19,367,110 24,484,915 20,803,488 — 
Weighted average number of incremental shares from assumed vesting of PWP Incentive Plan Awards5,082,640 11,676,583 7,076,371 11,859,146 
Weighted average shares of Class A common stock outstanding – diluted103,291,251 100,233,456 102,379,024 74,959,485 
Net income (loss) per share attributable to Class A common shareholders
Basic$0.22 $0.09 $0.33 $0.41 
Diluted$0.21 $0.08 $0.29 $0.37 
Basic and diluted net income (loss) per share attributable to Class B common shareholders has not been presented as these shares are entitled to an insignificant amount of economic participation.
The Company uses the treasury stock method to determine the potential dilutive effect of unvested PWP Incentive Plan Awards and the if-converted method to determine the potential dilutive effect of exchanges of PWP OpCo Units into Class A common stock. The Company adjusts net income (loss) attributable to Class A common shareholders under both the treasury stock method and if-converted method for the reallocation of net income (loss) between Class A common shareholders and non-controlling interests that result upon the assumed issuance of dilutive shares of Class A common stock as if the issuance occurred as of the beginning of the applicable period.
The following table presents the weighted average potentially dilutive shares that were excluded from the calculation of diluted net income (loss) per share under the treasury stock method or if-converted method, as applicable, because the effect of including such potentially dilutive shares was antidilutive for the period presented:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2026202520262025
PWP OpCo Units— — — 25,691,746