For the year ending 2025-12-31, PWP had -$75,721K decrease in cash & cash equivalents over the period. $30,476K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income (loss) | 48,003 |
| Equity-based awards vesting expense | 110,495 |
| Depreciation and amortization | 20,832 |
| Foreign currency revaluation | -543 |
| Non-cash operating lease expense | 10,570 |
| Deferred taxes | 2,453 |
| Bad debt expense | 1,684 |
| Other | -788 |
| Accounts receivable, net of allowance | -12,227 |
| Due from related parties | -26 |
| Prepaid expenses and other assets | 16,912 |
| Accrued compensation and benefits | -120,374 |
| Accounts payable, accrued expenses and other liabilities | -24,473 |
| Lease liabilities | -11,073 |
| Net cash provided by (used in) operating activities | 34,789 |
| Payment for devon park acquisition, net of cash acquired | 18,858 |
| Purchases of fixed assets | 4,313 |
| Purchases of investments in short-term marketable debt securities | 0 |
| Maturities of investments in short-term marketable debt securities | 74,911 |
| Other | 0 |
| Net cash provided by (used in) investing activities | 51,740 |
| Proceeds from issuance of class a common stock in public offering, net of underwriting discount and offering costs | 0 |
| Exchange of pwp opco units and corresponding class b common stock for cash | 28,258 |
| Distributions to partners | 4,233 |
| Dividends paid on class a and class b common stock | 22,911 |
| Withholding tax payments for vested pwp incentive plan awards and equity-classified acus | 78,083 |
| Treasury stock purchases | 33,655 |
| Payments pursuant to tax receivable agreement | 1,426 |
| Other | 0 |
| Net cash provided by (used in) financing activities | -168,566 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 6,316 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | -75,721 |
| Cash, cash equivalents and restricted cash, beginning of period | 332,771 |
| Cash, cash equivalents and restricted cash, end of period | 257,050 |
Perella Weinberg Partners (PWP)
Perella Weinberg Partners (PWP)