Perella Weinberg Partners 1Q 2026: Revenue $148.92M, EPS $0.02— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Perella Weinberg Partners reported a significant decline in its first-quarter 2026 results, with revenues of $148.92M, down 29.7% year-over-year, and net income plummeting 91.4% to $1.49M. Earnings per share also fell by 91.7% to $0.02. The decrease was attributed to fewer fee-paying clients and reduced deal activity, with total advisory clients dropping from 74 to 62. Despite these challenges, the firm is investing in its platform and hiring senior staff to enhance advisory capabilities.
Perella Weinberg Partners reported first-quarter 2026 results with revenues down year-over-year and sharply lower net income and earnings per share as deal activity and fee-paying clients declined.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $148.92M | $211.83M | (29.7%) |
| Net income² | $1.49M | $17.34M | (91.4%) |
| Diluted EPS³ | $0.02 | $0.24 | (91.7%) |
¹ Reported as “Revenues”. ² Reported as “Net income (loss) attributable to Perella Weinberg Partners”. ³ Reported as “Net income (loss) per share attributable to Class A common shareholders”.
Business Highlights
- Revenue Trend: Revenues fell 30% YoY to $148.9M, driven by fewer fee-paying clients and reduced transaction closings.
- Client Mix & Fees: Total advisory clients declined to 62 from 74, and clients paying ≥$1M in fees fell to 28 from 39, although average fee per client increased.
- Cost & Staffing Actions: Compensation expense declined 18% as discretionary bonuses fell; non-bonus compensation and equity awards rose due to new hires.
- Operating Cash Flow: The quarter recorded operating cash outflows driven by first-quarter incentive payouts and lower receivables, putting near-term liquidity under pressure.
- Strategy: The firm continues to invest in its platform and add senior hires to scale advisory capabilities despite volatile deal activity.
Original SEC Filing: Perella Weinberg Partners [ PWP ] - 10-Q - May. 01, 2026