Revenue: As of FY2026 Q1, the actual value is USD 148.92 M.

EPS: As of FY2026 Q1, the actual value is USD 0.02.

EBIT: As of FY2026 Q1, the actual value is USD -12.9 M.

Perella Weinberg Partners operates as a single business segment: Advisory .

Segment Revenue

Total revenues for the three months ended March 31, 2026, were $148,917 thousand, representing a 30% decrease compared to $211,831 thousand for the same period in 2025 .

Geographical Distribution of Revenues (Three Months Ended March 31, 2026 vs. 2025) United States: $122,779 thousand (2026) vs. $177,958 thousand (2025) . United Kingdom: $18,081 thousand (2026) vs. $11,301 thousand (2025) . Other international countries: $8,057 thousand (2026) vs. $22,572 thousand (2025) .

Operational Metrics

Operating income was - $12,901 thousand for the three months ended March 31, 2026, compared to $11,668 thousand for the same period in 2025 . Net income attributable to Perella Weinberg Partners was $1,487 thousand for the three months ended March 31, 2026, a 91% decrease from $17,339 thousand for the same period in 2025 .

Total operating expenses were $161,818 thousand for the three months ended March 31, 2026, a 19% decrease from $200,163 thousand for the same period in 2025 .

Compensation and BenefitsTotal compensation and benefits decreased by 18% to $122,060 thousand for the three months ended March 31, 2026, from $149,244 thousand in 2025 . Compensation and benefits excluding equity-based compensation decreased by 26% to $91,275 thousand in 2026 from $122,999 thousand in 2025 . Equity-based compensation increased by 17% to $30,785 thousand in 2026 from $26,245 thousand in 2025 .

Non-Compensation ExpensesNon-compensation expenses totaled $39,758 thousand for the three months ended March 31, 2026, a 22% decrease compared to $50,919 thousand for the same period in 2025 . Professional fees were $7,912 thousand in 2026 compared to $19,196 thousand in 2025 . Technology and infrastructure expenses increased to $9,980 thousand in 2026 from $9,289 thousand in 2025 . Rent and occupancy costs were $5,872 thousand in 2026 compared to $6,326 thousand in 2025 . Travel and related expenses were $5,928 thousand in 2026 compared to $5,644 thousand in 2025 . General, administrative and other expenses were $4,235 thousand in 2026 compared to $5,463 thousand in 2025 . Depreciation and amortization expenses increased to $5,831 thousand in 2026 from $5,001 thousand in 2025 .

Other income was $2,259 thousand for the three months ended March 31, 2026, an 878% increase from $231 thousand for the same period in 2025 . Net income (loss) attributable to non-controlling interests was - $2,232 thousand for the three months ended March 31, 2026, compared to $4,034 thousand for the same period in 2025 .

Cash Flow

Net cash used in operating activities was - $109,707 thousand for the three months ended March 31, 2026, compared to - $176,521 thousand for the same period in 2025 . Net cash used in investing activities was - $2,064 thousand for the three months ended March 31, 2026, compared to net cash provided of $73,867 thousand for the same period in 2025 . Net cash used in financing activities was - $63,793 thousand for the three months ended March 31, 2026, compared to - $120,790 thousand for the same period in 2025 . Cash, cash equivalents and restricted cash at the end of the period were $78,779 thousand as of March 31, 2026, compared to $112,506 thousand as of March 31, 2025 .

Unique Metrics

Client Statistics (Three Months Ended March 31, 2026 vs. 2025) Total Advisory Clients: 62 (2026) vs. 74 (2025) . Total Clients with Fees Greater than or Equal to $1.0 million: 28 (2026) vs. 39 (2025) .

As of March 31, 2026, the Company had a liability of $94,000 thousand pursuant to the tax receivable agreement . Redeemable non-controlling interests were $382,966 thousand as of March 31, 2026, representing a 23.7% non-controlling ownership interest in PWP OpCo . As of March 31, 2026, $60,200 thousand remains authorized for share repurchases under the Company’s stock repurchase program .

Future Outlook and Strategy

Perella Weinberg Partners expects its cash on hand, net cash from operations, and available borrowing capacity to cover operating needs and commitments for the next twelve months . The Company plans to acquire Gleacher Shacklock LLP, with the transaction anticipated to close in the second half of 2026, subject to regulatory approval . Perella Weinberg Partners continues to invest in its platform to achieve scale, accelerate growth, and deliver value .