v3.26.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Income Statement [Abstract]        
Revenues $ 251,373 $ 164,645 $ 556,815 $ 531,743
Expenses        
Compensation and benefits 145,976 88,748 316,867 292,027
Equity-based compensation 29,049 27,594 96,112 81,873
Total compensation and benefits 175,025 116,342 412,979 373,900
Professional fees 9,417 9,213 21,918 35,308
Technology and infrastructure 11,114 9,588 30,928 28,114
Rent and occupancy 6,328 5,974 18,133 18,896
Travel and related expenses 4,365 5,418 15,871 16,391
General, administrative and other expenses 3,551 4,219 11,601 14,574
Depreciation and amortization 6,628 5,024 18,286 15,077
Total expenses 216,428 155,778 529,716 502,260
Operating income (loss) 34,945 8,867 27,099 29,483
Non-operating income (expenses)        
Other income (expense) 230 2,721 3,518 252
Total non-operating income (expenses) 230 2,721 3,518 252
Income (loss) before income taxes 35,175 11,588 30,617 29,735
Income tax expense (benefit) 11,885 3,023 1,741 (4,471)
Net income (loss) 23,290 8,565 28,876 34,206
Less: Net income (loss) attributable to non-controlling interests 5,730 2,561 4,525 8,125
Net income (loss) attributable to Perella Weinberg Partners $ 17,560 $ 6,004 $ 24,351 $ 26,081
Net income (loss) per share attributable to Class A common shareholders        
Basic (in dollars per Share) $ 0.22 $ 0.09 $ 0.33 $ 0.41
Diluted (in dollars per Share) $ 0.21 $ 0.08 $ 0.29 $ 0.37
Weighted-average shares of Class A common stock outstanding        
Basic (in shares) 78,841,501 64,071,958 74,499,165 63,100,339
Diluted (in shares) 103,291,251 100,233,456 102,379,024 74,959,485