Perella Weinberg Partners (PWP) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
767 FIFTH AVENUE NEW YORK, NY 10153 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6199 - Finance Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 338,345 | 311,680 | 502,773 | 1,159 | |||
| Cash and cash equivalents | 247,171 | 171,570 | 502,773 | 1,159 | |||
| Short-term investments | 91,174 | 140,110 | |||||
| Prepaid expense | 276 | ||||||
| Deferred costs | 900 | ||||||
| Total current assets: | 338,345 | 311,680 | 503,673 | 1,435 | |||
| Noncurrent Assets | |||||||
| Operating lease, right-of-use asset | 143,935 | 153,720 | 39,912 | ||||
| Property, plant and equipment | 93,652 | 48,390 | 10,362 | ||||
| Intangible assets, net (including goodwill) | 53,575 | 60,155 | 66,735 | ||||
| Goodwill | 34,383 | 34,383 | 34,383 | ||||
| Intangible assets, net (excluding goodwill) | 19,192 | 25,772 | 32,352 | ||||
| Deferred income tax assets | 46,453 | 33,094 | 21,091 | ||||
| Other undisclosed noncurrent assets | 230,006 | ||||||
| Total noncurrent assets: | 337,615 | 295,359 | 138,100 | 230,006 | |||
| Other undisclosed assets | 85,148 | 110,054 | 76,554 | ||||
| TOTAL ASSETS: | 761,108 | 717,093 | 718,327 | 231,441 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 793 | ||||||
| Accrued liabilities | 793 | ||||||
| Total current liabilities: | 793 | ||||||
| Noncurrent Liabilities | |||||||
| Liabilities, other than long-term debt | 9,800 | ||||||
| Deferred revenue | 9,800 | ||||||
| Other undisclosed noncurrent liabilities | 17,365 | ||||||
| Total noncurrent liabilities: | 27,165 | ||||||
| Other undisclosed liabilities | 492,862 | 456,953 | 446,975 | ||||
| Total liabilities: | 492,862 | 456,953 | 446,975 | 27,958 | |||
| Temporary equity, carrying amount | 198,482 | ||||||
| Equity | |||||||
| Equity, attributable to parent, including: | 152,656 | 137,462 | 126,319 | 5,000 | |||
| Treasury stock, value | (100,747) | (80,067) | (12,000) | ||||
| Additional paid in capital | 312,523 | 242,129 | 158,131 | 10,106 | |||
| Accumulated other comprehensive loss | (4,480) | (6,538) | (1,746) | ||||
| Accumulated deficit | (54,650) | (18,071) | (18,075) | (5,107) | |||
| Other undisclosed equity, attributable to parent | 10 | 9 | 9 | 1 | |||
| Equity, attributable to noncontrolling interest | 115,590 | 122,678 | 145,033 | ||||
| Total equity: | 268,246 | 260,140 | 271,352 | 5,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 761,108 | 717,093 | 718,327 | 231,441 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|
| Revenues | 648,652 | 631,507 | 801,662 | |||
| Gross profit: | 648,652 | 631,507 | 801,662 | |||
| Operating expenses | (763,752) | (679,240) | (735,078) | (1,025) | ||
| Operating income (loss): | (115,100) | (47,733) | 66,584 | (1,025) | ||
| Nonoperating income (expense) | 2,280 | 26,313 | (43,634) | |||
| Investment income, nonoperating | 15,806 | (4,897) | ||||
| Loss, foreign currency transaction, before tax | (3,300) | |||||
| Other nonoperating income | 7,978 | 761 | ||||
| Interest and debt expense | (276) | (276) | (39,408) | |||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | ||||||
| Loss from continuing operations before equity method investments, income taxes: | (113,096) | (21,696) | (16,458) | (1,025) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 276 | 276 | 39,408 | (4,079) | ||
| Income (loss) from continuing operations before income taxes: | (112,820) | (21,420) | 22,950 | (5,105) | ||
| Income tax expense (benefit) | 980 | (10,327) | (18,927) | |||
| Income (loss) from continuing operations: | (111,840) | (31,747) | 4,023 | (5,105) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 4,023 | (5,105) | |
| Net income (loss): | (111,840) | (31,747) | 4,023 | (5,105) | ||
| Net income (loss) attributable to noncontrolling interest | 94,617 | 49,625 | (13,444) | |||
| Net income (loss) available to common stockholders, basic: | (17,223) | 17,878 | (9,421) | (5,105) | ||
| Dilutive securities, effect on basic earnings per share | ||||||
| Other undisclosed net loss available to common stockholders, diluted | (97,775) | (59,197) | ||||
| Net loss available to common stockholders, diluted: | (114,998) | (41,319) | (9,421) | (5,105) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|
| Net income (loss): | (111,840) | (31,747) | 4,023 | (5,105) | ||
| Other undisclosed comprehensive income (loss) | 4,131 | (9,682) | (1,481) | |||
| Comprehensive income (loss): | (107,709) | (41,429) | 2,542 | (5,105) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 92,544 | 54,515 | (12,883) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (15,165) | 13,086 | (10,341) | (5,105) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.