| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Bad debt expense | NaN | 131 | -39 | 1,592 |
| Net income (loss) | -745 | 13,797 | 8,565 | 25,641 |
| Equity-based awards vesting expense | 30,971 | 28,086 | 27,791 | 54,618 |
| Depreciation and amortization | 5,831 | 5,755 | 5,024 | 10,053 |
| Foreign currency revaluation | -1,013 | 751 | 1,466 | -2,760 |
| Non-cash operating lease expense | 2,752 | 2,780 | 2,725 | 5,065 |
| Deferred taxes | -9,273 | 10,177 | 1,422 | -9,146 |
| Due from related parties | NaN | 1 | 0 | -27 |
| Other | 155 | 963 | -16 | -1,735 |
| Accounts receivable, net of allowance | -29,197 | 20,847 | -7,227 | -25,847 |
| Prepaid expenses and other assets | 3,490 | 10,454 | 693 | 5,765 |
| Accrued compensation and benefits | -160,455 | 77,609 | 24,392 | -222,375 |
| Accounts payable, accrued expenses and other liabilities | -1,867 | -6,336 | -12,828 | -5,309 |
| Lease liabilities | -3,486 | -2,958 | -2,978 | -5,137 |
| Net cash provided by (used in) operating activities | -109,707 | 96,025 | 59,158 | -120,394 |
| Payment for devon park acquisition, net of cash acquired | NaN | 18,858 | NaN | NaN |
| Purchases of fixed assets | 2,064 | 963 | 1,519 | 1,831 |
| Purchases of investments in short-term marketable debt securities | NaN | 0 | 0 | NaN |
| Maturities of investments in short-term marketable debt securities | 0 | 0 | 0 | 74,911 |
| Other | NaN | 0 | NaN | NaN |
| Net cash provided by (used in) investing activities | -2,064 | -19,821 | -1,519 | 73,080 |
| Payments pursuant to tax receivable agreement | NaN | 0 | 1,426 | NaN |
| Other | NaN | 0 | 0 | 0 |
| Proceeds from issuance of class a common stock in public offering, net of underwriting discount and offering costs | NaN | 0 | 0 | 0 |
| Exchange of pwp opco units and corresponding class b common stock for cash | 0 | 0 | 0 | 28,258 |
| Withholding tax payments for vested pwp incentive plan awards | 55,160 | 1,281 | 4,837 | 71,965 |
| Distributions to partners | NaN | 0 | 4,233 | 0 |
| Dividends paid on class a and class b common stock | 8,633 | 4,645 | 5,518 | 12,748 |
| Treasury stock purchases | 0 | 0 | 1,907 | 31,748 |
| Net cash provided by (used in) financing activities | -63,793 | -5,926 | -17,921 | -144,719 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | -2,707 | 96 | 768 | 5,452 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | -178,271 | 70,374 | 40,486 | -186,581 |
| Cash, cash equivalents and restricted cash, beginning of period | 257,050 | 186,676 | 332,771 | NaN |
| Cash, cash equivalents and restricted cash, end of period | 78,779 | 257,050 | 186,676 | NaN |
Perella Weinberg Partners (PWP)
Perella Weinberg Partners (PWP)