Perella Weinberg Partners — Form 8-K
Filed July 31, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 42/100
What the filing says
PWP reported Q2 2026 revenues of $156.5M (flat YoY), with GAAP diluted EPS of $0.06 and adjusted EPS of $0.20. H1 2026 revenues declined 17% to $305.4M; H1 GAAP diluted EPS was $0.08 vs adjusted $0.25. The firm returned $72.7M to shareholders YTD via $20.12/share net settlement of 2.76M share equivalents, $14.9M in dividends, and distributions. PWP announced a $22M business realignment (headcount cuts, separation costs), with $7.6M additional cash outflows expected by year-end. The firm plans to close the Gleacher Shacklock LLP acquisition in Q3 2026 and added 10 partners and 11 managing directors YTD. Cash position: $115.8M with no debt.
Why this rating
H1 revenue decline of 17% YoY ($61.7M loss) is material (~5% of $1.2B market cap). Business realignment of $22M total cost signals operational stress. Gleacher acquisition provides upside but unproven. Q2 stabilization is modest offset.
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