2024 Q2 Form 10-Q Financial Statement
#000123024524000083 Filed on May 07, 2024
Income Statement
| Concept | 2024 Q2 | 2024 Q1 |
|---|---|---|
| Revenue | $340.8M | $344.4M |
| YoY Change | 17.0% | 14.61% |
| Cost Of Revenue | $6.180M | $6.249M |
| YoY Change | -17.15% | -17.26% |
| Gross Profit | $334.7M | $338.2M |
| YoY Change | 17.89% | 15.43% |
| Gross Profit Margin | 98.19% | 98.19% |
| Selling, General & Admin | $291.4M | $274.9M |
| YoY Change | 20.08% | 9.25% |
| % of Gross Profit | 87.07% | 81.28% |
| Research & Development | $14.57M | $13.23M |
| YoY Change | 11.66% | -7.56% |
| % of Gross Profit | 4.35% | 3.91% |
| Depreciation & Amortization | $6.597M | $2.361M |
| YoY Change | -30.25% | -46.66% |
| % of Gross Profit | 1.97% | 0.7% |
| Operating Expenses | $14.57M | $285.8M |
| YoY Change | -94.51% | 1896.84% |
| Operating Profit | $320.1M | $52.42M |
| YoY Change | 1650.69% | -81.19% |
| Interest Expense | ||
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | $28.25M | $52.42M |
| YoY Change | 96.41% | 103.12% |
| Income Tax | $13.28M | $2.844M |
| % Of Pretax Income | 47.0% | 5.43% |
| Net Earnings | $34.77M | $42.49M |
| YoY Change | 779.44% | 65.77% |
| Net Earnings / Revenue | 10.2% | 12.34% |
| Basic Earnings Per Share | $2.19 | $2.74 |
| Diluted Earnings Per Share | $1.97 | $2.43 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 17.70M shares | 17.68M shares |
| Diluted Shares Outstanding | 17.63M shares | 17.50M shares |
Balance Sheet
| Concept | 2024 Q2 | 2024 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $320.9M | $69.96M |
| YoY Change | 377.44% | 52.19% |
| Cash & Equivalents | $320.9M | $69.96M |
| Short-Term Investments | ||
| Other Short-Term Assets | $15.81M | $17.44M |
| YoY Change | 9.1% | 15.18% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $114.0M | $172.6M |
| Other Receivables | $66.33M | $90.23M |
| Total Short-Term Assets | $517.1M | $350.3M |
| YoY Change | 42.38% | 45.19% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $56.89M | $57.74M |
| YoY Change | -59.46% | -12.34% |
| Goodwill | $301.8M | $301.8M |
| YoY Change | 0.0% | 0.0% |
| Intangibles | $111.5M | $113.8M |
| YoY Change | -11.41% | -12.92% |
| Long-Term Investments | $13.86M | $11.90M |
| YoY Change | -95.63% | 5.56% |
| Other Assets | $565.5M | $580.7M |
| YoY Change | -12.76% | -9.98% |
| Total Long-Term Assets | $1.403B | $1.472B |
| YoY Change | -11.04% | -5.8% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $517.1M | $350.3M |
| Total Long-Term Assets | $1.403B | $1.472B |
| Total Assets | $1.920B | $1.822B |
| YoY Change | -1.05% | 1.02% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | ||
| YoY Change | ||
| Accrued Expenses | $439.3M | $335.8M |
| YoY Change | 5.44% | 0.74% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $579.3M | $497.4M |
| YoY Change | 4.02% | 13.18% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% |
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $579.3M | $497.4M |
| Total Long-Term Liabilities | $0.00 | $0.00 |
| Total Liabilities | $579.3M | $497.4M |
| YoY Change | -36.18% | -11.88% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $481.2M | $461.2M |
| YoY Change | 14.9% | 7.73% |
| Common Stock | $973.3M | $987.4M |
| YoY Change | -0.45% | -0.41% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $1.126B | $1.101B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $1.920B | $1.822B |
| YoY Change | -1.05% | 1.02% |
Cashflow Statement
| Concept | 2024 Q2 | 2024 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $34.77M | $42.49M |
| YoY Change | 779.44% | 65.77% |
| Depreciation, Depletion And Amortization | $6.597M | $2.361M |
| YoY Change | -30.25% | -46.66% |
| Cash From Operating Activities | $266.5M | -$197.2M |
| YoY Change | 877.07% | -2.34% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $3.377M | $1.275M |
| YoY Change | 18.78% | -31.27% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$3.377M | -$1.275M |
| YoY Change | 18.78% | -31.27% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -11.94M | -$114.4M |
| YoY Change | 211.29% | -2.04% |
| NET CHANGE | ||
| Cash From Operating Activities | 266.5M | -$197.2M |
| Cash From Investing Activities | -3.377M | -$1.275M |
| Cash From Financing Activities | -11.94M | -$114.4M |
| Net Change In Cash | 251.2M | -$313.1M |
| YoY Change | 1119.47% | -2.04% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $266.5M | -$197.2M |
| Capital Expenditures | $3.377M | $1.275M |
| Free Cash Flow | $263.1M | -$198.5M |
| YoY Change | 976.95% | -2.6% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2024Q1 | pipr |
Institutional Brokerage Revenue
InstitutionalBrokerageRevenue
|
91442000 | usd |
| CY2023Q1 | pipr |
Institutional Brokerage Revenue
InstitutionalBrokerageRevenue
|
96313000 | usd |
| CY2024Q1 | us-gaap |
Interest Income Operating
InterestIncomeOperating
|
8306000 | usd |
| CY2023Q1 | us-gaap |
Interest Income Operating
InterestIncomeOperating
|
8712000 | usd |
| CY2024Q1 | pipr |
Investmentincomeloss
Investmentincomeloss
|
14168000 | usd |
| CY2023Q1 | pipr |
Investmentincomeloss
Investmentincomeloss
|
11115000 | usd |
| CY2024Q1 | us-gaap |
Revenues
Revenues
|
344439000 | usd |
| CY2023Q1 | us-gaap |
Revenues
Revenues
|
300544000 | usd |
| CY2024Q1 | pipr |
Other Interest Expense
OtherInterestExpense
|
1383000 | usd |
| CY2023Q1 | pipr |
Other Interest Expense
OtherInterestExpense
|
2639000 | usd |
| CY2024Q1 | us-gaap |
Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
|
343056000 | usd |
| CY2023Q1 | us-gaap |
Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
|
297905000 | usd |
| CY2024Q1 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
222446000 | usd |
| CY2023Q1 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
199394000 | usd |
| CY2024Q1 | us-gaap |
Professional Fees
ProfessionalFees
|
12422000 | usd |
| CY2023Q1 | us-gaap |
Professional Fees
ProfessionalFees
|
12126000 | usd |
| CY2024Q1 | us-gaap |
Occupancy Net
OccupancyNet
|
16036000 | usd |
| CY2023Q1 | us-gaap |
Occupancy Net
OccupancyNet
|
15728000 | usd |
| CY2024Q1 | us-gaap |
Communications And Information Technology
CommunicationsAndInformationTechnology
|
13229000 | usd |
| CY2023Q1 | us-gaap |
Communications And Information Technology
CommunicationsAndInformationTechnology
|
14311000 | usd |
| CY2024Q1 | us-gaap |
Business Development
BusinessDevelopment
|
10763000 | usd |
| CY2023Q1 | us-gaap |
Business Development
BusinessDevelopment
|
10052000 | usd |
| CY2024Q1 | pipr |
Dealrelatedexpenses
Dealrelatedexpenses
|
6387000 | usd |
| CY2023Q1 | pipr |
Dealrelatedexpenses
Dealrelatedexpenses
|
6014000 | usd |
| CY2024Q1 | us-gaap |
Floor Brokerage Exchange And Clearance Fees
FloorBrokerageExchangeAndClearanceFees
|
4866000 | usd |
| CY2023Q1 | us-gaap |
Floor Brokerage Exchange And Clearance Fees
FloorBrokerageExchangeAndClearanceFees
|
4914000 | usd |
| CY2024Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
2361000 | usd |
| CY2023Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
4904000 | usd |
| CY2024Q1 | us-gaap |
Other Noninterest Expense
OtherNoninterestExpense
|
2124000 | usd |
| CY2023Q1 | us-gaap |
Other Noninterest Expense
OtherNoninterestExpense
|
4653000 | usd |
| CY2024Q1 | us-gaap |
Noninterest Expense
NoninterestExpense
|
290634000 | usd |
| CY2023Q1 | us-gaap |
Noninterest Expense
NoninterestExpense
|
272096000 | usd |
| CY2024Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
52422000 | usd |
| CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
25809000 | usd |
| CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2844000 | usd |
| CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-7637000 | usd |
| CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
49578000 | usd |
| CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
33446000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
7085000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
7812000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
42493000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
25634000 | usd |
| CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.74 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.77 | |
| CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.43 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.49 | |
| CY2024Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.60 | |
| CY2023Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.85 | |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
15499000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
14507000 | shares |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
17504000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
17182000 | shares |
| CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
49578000 | usd |
| CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
33446000 | usd |
| CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
44000 | usd |
| CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
955000 | usd |
| CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
49622000 | usd |
| CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
34401000 | usd |
| CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
7085000 | usd |
| CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
7812000 | usd |
| CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
42537000 | usd |
| CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
26589000 | usd |
| CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1299473000 | usd |
| CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
49578000 | usd |
| CY2024Q1 | us-gaap |
Dividends
Dividends
|
35660000 | usd |
| CY2024Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
60185000 | usd |
| CY2024Q1 | pipr |
Adjustmentsfor Stock Issued During Period Value Treasury Stock Reissued Restricted Stock Vestings
AdjustmentsforStockIssuedDuringPeriodValueTreasuryStockReissuedRestrictedStockVestings
|
0 | usd |
| CY2024Q1 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
52091000 | usd |
| CY2024Q1 | us-gaap |
Deferred Compensation Arrangement With Individual Fair Value Of Shares Issued
DeferredCompensationArrangementWithIndividualFairValueOfSharesIssued
|
106000 | usd |
| CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
44000 | usd |
| CY2024Q1 | pipr |
Noncontrolling Interest Increase Decrease From Capital Contributionsnetofwithdrawals
NoncontrollingInterestIncreaseDecreaseFromCapitalContributionsnetofwithdrawals
|
3395000 | usd |
| CY2024Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1325030000 | usd |
| CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1254028000 | usd |
| CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
33446000 | usd |
| CY2023Q1 | us-gaap |
Dividends
Dividends
|
50861000 | usd |
| CY2023Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
67682000 | usd |
| CY2023Q1 | pipr |
Adjustmentsfor Stock Issued During Period Value Treasury Stock Reissued Restricted Stock Vestings
AdjustmentsforStockIssuedDuringPeriodValueTreasuryStockReissuedRestrictedStockVestings
|
0 | usd |
| CY2023Q1 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
60831000 | usd |
| CY2023Q1 | us-gaap |
Deferred Compensation Arrangement With Individual Fair Value Of Shares Issued
DeferredCompensationArrangementWithIndividualFairValueOfSharesIssued
|
192000 | usd |
| CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
955000 | usd |
| CY2023Q1 | pipr |
Noncontrolling Interest Increase Decrease From Capital Contributionsnetofwithdrawals
NoncontrollingInterestIncreaseDecreaseFromCapitalContributionsnetofwithdrawals
|
-5048000 | usd |
| CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1239563000 | usd |
| CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
49578000 | usd |
| CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
33446000 | usd |
| CY2024Q1 | us-gaap |
Depreciation
Depreciation
|
4258000 | usd |
| CY2023Q1 | us-gaap |
Depreciation
Depreciation
|
4426000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
-40688000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
8191000 | usd |
| CY2024Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
26825000 | usd |
| CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
27502000 | usd |
| CY2024Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
2361000 | usd |
| CY2023Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
4904000 | usd |
| CY2024Q1 | pipr |
Amortization Of Loans To Employees
AmortizationOfLoansToEmployees
|
4825000 | usd |
| CY2023Q1 | pipr |
Amortization Of Loans To Employees
AmortizationOfLoansToEmployees
|
2614000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Brokerage Receivables
IncreaseDecreaseInBrokerageReceivables
|
-35606000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Brokerage Receivables
IncreaseDecreaseInBrokerageReceivables
|
-173604000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Financial Instruments Used In Operating Activities
IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities
|
-1595000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Financial Instruments Used In Operating Activities
IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities
|
64989000 | usd |
| CY2024Q1 | pipr |
Increase Decreasein Investments Excluding Financial Instruments Owned
IncreaseDecreaseinInvestmentsExcludingFinancialInstrumentsOwned
|
27387000 | usd |
| CY2023Q1 | pipr |
Increase Decreasein Investments Excluding Financial Instruments Owned
IncreaseDecreaseinInvestmentsExcludingFinancialInstrumentsOwned
|
8019000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
45859000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
1979000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Payables To Broker Dealers
IncreaseDecreaseInPayablesToBrokerDealers
|
2404000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Payables To Broker Dealers
IncreaseDecreaseInPayablesToBrokerDealers
|
-603000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-291830000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-362236000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-250000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-2385000 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-197186000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-201906000 | usd |
| CY2024Q1 | us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
1275000 | usd |
| CY2023Q1 | us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
1855000 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1275000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1855000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
-30000000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
0 | usd |
| CY2024Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
35660000 | usd |
| CY2023Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
50861000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
|
3395000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
|
-5048000 | usd |
| CY2024Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
52091000 | usd |
| CY2023Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
60831000 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-114356000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-116740000 | usd |
| CY2024Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
-323000 | usd |
| CY2023Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
845000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-313140000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-319656000 | usd |
| CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
383098000 | usd |
| CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
365624000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
69958000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
45968000 | usd |
| CY2024Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
1300000 | usd |
| CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
2549000 | usd |
| CY2024Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
127000 | usd |
| CY2023Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
737000 | usd |
| CY2024Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | segment |
| CY2024Q1 | us-gaap |
Due To And From Broker Dealers And Clearing Organizations Disclosure
DueToAndFromBrokerDealersAndClearingOrganizationsDisclosure
|
RECEIVABLES FROM AND PAYABLES TO BROKERS, DEALERS AND CLEARING ORGANIZATIONS <div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.626%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.739%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.740%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">March 31,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">December 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">(Amounts in thousands)</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2023</span></td></tr><tr><td colspan="3" style="background-color:#f3f3f3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-style:italic;font-weight:700;line-height:100%">Receivables from brokers, dealers and clearing organizations</span></td><td colspan="3" style="background-color:#f3f3f3;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#f3f3f3;padding:0 1pt"></td><td colspan="3" style="background-color:#f3f3f3;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Receivable from clearing organizations</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">157,997</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">199,143 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#f3f3f3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Receivable from brokers and dealers</span></td><td colspan="2" style="background-color:#f3f3f3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">14,635</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#f3f3f3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f3f3f3;padding:0 1pt"></td><td colspan="2" style="background-color:#f3f3f3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">9,176 </span></td><td style="background-color:#f3f3f3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Other</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">3,766</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3,685 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#f3f3f3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total receivables from brokers, dealers and clearing organizations</span></td><td style="background-color:#f3f3f3;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#f3f3f3;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">176,398</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#f3f3f3;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f3f3f3;padding:0 1pt"></td><td style="background-color:#f3f3f3;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#f3f3f3;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">212,004 </span></td><td style="background-color:#f3f3f3;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#f3f3f3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-style:italic;font-weight:700;line-height:100%">Payables to brokers, dealers and clearing organizations</span></td><td colspan="3" style="background-color:#f3f3f3;padding:0 1pt"></td><td colspan="3" style="background-color:#f3f3f3;padding:0 1pt"></td><td colspan="3" style="background-color:#f3f3f3;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Payable to brokers and dealers</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">3,383</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">979 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#f3f3f3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total payables to brokers, dealers and clearing organizations</span></td><td style="background-color:#f3f3f3;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#f3f3f3;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">3,383</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#f3f3f3;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f3f3f3;padding:0 1pt"></td><td style="background-color:#f3f3f3;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#f3f3f3;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">979 </span></td><td style="background-color:#f3f3f3;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div>Under the Company's fully disclosed clearing agreement, all of its securities inventories with the exception of convertible securities, and all of its customer activities are held by or cleared through Pershing LLC ("Pershing"). The Company has established an arrangement to obtain financing from Pershing related to the majority of its trading activities. The Company also has a clearing arrangement with bank financing related to its convertible securities inventories. Financing under these arrangements is secured primarily by securities, and collateral limitations could reduce the amount of funding available under these arrangements. The funding is at their discretion and could be denied. The Company's clearing arrangement activities are recorded net of trading activity. The Company's fully disclosed clearing agreement includes a covenant requiring Piper Sandler to maintain excess net capital of $120 million. | |
| CY2024Q1 | us-gaap |
Receivables From Clearing Organizations
ReceivablesFromClearingOrganizations
|
157997000 | usd |
| CY2023Q4 | us-gaap |
Receivables From Clearing Organizations
ReceivablesFromClearingOrganizations
|
199143000 | usd |
| CY2024Q1 | us-gaap |
Due From Correspondent Brokers
DueFromCorrespondentBrokers
|
14635000 | usd |
| CY2023Q4 | us-gaap |
Due From Correspondent Brokers
DueFromCorrespondentBrokers
|
9176000 | usd |
| CY2024Q1 | us-gaap |
Other Receivables From Broker Dealers And Clearing Organizations
OtherReceivablesFromBrokerDealersAndClearingOrganizations
|
3766000 | usd |
| CY2023Q4 | us-gaap |
Other Receivables From Broker Dealers And Clearing Organizations
OtherReceivablesFromBrokerDealersAndClearingOrganizations
|
3685000 | usd |
| CY2024Q1 | us-gaap |
Receivables From Brokers Dealers And Clearing Organizations
ReceivablesFromBrokersDealersAndClearingOrganizations
|
176398000 | usd |
| CY2023Q4 | us-gaap |
Receivables From Brokers Dealers And Clearing Organizations
ReceivablesFromBrokersDealersAndClearingOrganizations
|
212004000 | usd |
| CY2024Q1 | us-gaap |
Due To Correspondent Brokers
DueToCorrespondentBrokers
|
3383000 | usd |
| CY2023Q4 | us-gaap |
Due To Correspondent Brokers
DueToCorrespondentBrokers
|
979000 | usd |
| CY2024Q1 | srt |
Payables To Broker Dealers And Clearing Organizations
PayablesToBrokerDealersAndClearingOrganizations
|
3383000 | usd |
| CY2023Q4 | srt |
Payables To Broker Dealers And Clearing Organizations
PayablesToBrokerDealersAndClearingOrganizations
|
979000 | usd |
| CY2024Q1 | pipr |
Derivative Fair Valueof Securities Postedas Collateral
DerivativeFairValueofSecuritiesPostedasCollateral
|
0 | usd |
| CY2023Q4 | pipr |
Derivative Fair Valueof Securities Postedas Collateral
DerivativeFairValueofSecuritiesPostedasCollateral
|
0 | usd |
| CY2024Q1 | us-gaap |
Equity Security Fv Ni Contractual Sale Restriction Nature Of Restriction And Circumstance For Lapse
EquitySecurityFvNiContractualSaleRestrictionNatureOfRestrictionAndCircumstanceForLapse
|
At March 31, 2024, the Company's Level I investments at fair value included $50.2 million of equity securities subject to contractual sale restrictions, of which $5.2 million will expire in the second quarter of 2024 and $8.6 million will expire in the third quarter of 2024. The sales restrictions on the remaining equity securities are in effect during certain trading windows so long as the securities are owned. | |
| CY2024Q1 | us-gaap |
Financial Instruments Owned Corporate Equities At Fair Value
FinancialInstrumentsOwnedCorporateEquitiesAtFairValue
|
6203000 | usd |
| CY2023Q4 | us-gaap |
Financial Instruments Owned Corporate Equities At Fair Value
FinancialInstrumentsOwnedCorporateEquitiesAtFairValue
|
388000 | usd |
| CY2024Q1 | pipr |
Financial Instruments Owned Convertible Debt Securitiesat Fair Value
FinancialInstrumentsOwnedConvertibleDebtSecuritiesatFairValue
|
139126000 | usd |
| CY2023Q4 | pipr |
Financial Instruments Owned Convertible Debt Securitiesat Fair Value
FinancialInstrumentsOwnedConvertibleDebtSecuritiesatFairValue
|
131375000 | usd |
| CY2024Q1 | us-gaap |
Financial Instruments Owned Corporate Debt At Fair Value
FinancialInstrumentsOwnedCorporateDebtAtFairValue
|
4633000 | usd |
| CY2023Q4 | us-gaap |
Financial Instruments Owned Corporate Debt At Fair Value
FinancialInstrumentsOwnedCorporateDebtAtFairValue
|
1645000 | usd |
| CY2024Q1 | pipr |
Financial Instruments Owned Taxable Municipal Bondsat Fair Value
FinancialInstrumentsOwnedTaxableMunicipalBondsatFairValue
|
32274000 | usd |
| CY2023Q4 | pipr |
Financial Instruments Owned Taxable Municipal Bondsat Fair Value
FinancialInstrumentsOwnedTaxableMunicipalBondsatFairValue
|
25744000 | usd |
| CY2024Q1 | pipr |
Financial Instruments Owned Nontaxable Municipal Bondsat Fair Value
FinancialInstrumentsOwnedNontaxableMunicipalBondsatFairValue
|
128119000 | usd |
| CY2023Q4 | pipr |
Financial Instruments Owned Nontaxable Municipal Bondsat Fair Value
FinancialInstrumentsOwnedNontaxableMunicipalBondsatFairValue
|
138755000 | usd |
| CY2024Q1 | pipr |
Financial Instruments Owned Municipal Notesat Fair Value
FinancialInstrumentsOwnedMunicipalNotesatFairValue
|
23846000 | usd |
| CY2023Q4 | pipr |
Financial Instruments Owned Municipal Notesat Fair Value
FinancialInstrumentsOwnedMunicipalNotesatFairValue
|
7122000 | usd |
| CY2024Q1 | us-gaap |
Financial Instruments Owned Mortgages Mortgage Backed And Asset Backed Securities At Fair Value
FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue
|
35276000 | usd |
| CY2023Q4 | us-gaap |
Financial Instruments Owned Mortgages Mortgage Backed And Asset Backed Securities At Fair Value
FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue
|
8149000 | usd |
| CY2024Q1 | pipr |
Financial Instruments Owned Us Govtand Agency Obligationsat Fair Value
FinancialInstrumentsOwnedUSGovtandAgencyObligationsatFairValue
|
59354000 | usd |
| CY2023Q4 | pipr |
Financial Instruments Owned Us Govtand Agency Obligationsat Fair Value
FinancialInstrumentsOwnedUSGovtandAgencyObligationsatFairValue
|
104418000 | usd |
| CY2024Q1 | pipr |
Financial Instruments Owned Us Treasury Securitiesat Fair Value
FinancialInstrumentsOwnedUSTreasurySecuritiesatFairValue
|
3725000 | usd |
| CY2023Q4 | pipr |
Financial Instruments Owned Us Treasury Securitiesat Fair Value
FinancialInstrumentsOwnedUSTreasurySecuritiesatFairValue
|
5895000 | usd |
| CY2024Q1 | us-gaap |
Financial Instruments Owned Derivatives And Other Contractual Agreements At Fair Value
FinancialInstrumentsOwnedDerivativesAndOtherContractualAgreementsAtFairValue
|
9671000 | usd |
| CY2023Q4 | us-gaap |
Financial Instruments Owned Derivatives And Other Contractual Agreements At Fair Value
FinancialInstrumentsOwnedDerivativesAndOtherContractualAgreementsAtFairValue
|
11066000 | usd |
| CY2024Q1 | us-gaap |
Financial Instruments Owned At Fair Value
FinancialInstrumentsOwnedAtFairValue
|
442227000 | usd |
| CY2023Q4 | us-gaap |
Financial Instruments Owned At Fair Value
FinancialInstrumentsOwnedAtFairValue
|
434557000 | usd |
| CY2024Q1 | us-gaap |
Financial Instruments Sold Not Yet Purchased Corporate Equities
FinancialInstrumentsSoldNotYetPurchasedCorporateEquities
|
78867000 | usd |
| CY2023Q4 | us-gaap |
Financial Instruments Sold Not Yet Purchased Corporate Equities
FinancialInstrumentsSoldNotYetPurchasedCorporateEquities
|
53857000 | usd |
| CY2024Q1 | us-gaap |
Financial Instruments Sold Not Yet Purchased Corporate Debt
FinancialInstrumentsSoldNotYetPurchasedCorporateDebt
|
1638000 | usd |
| CY2023Q4 | us-gaap |
Financial Instruments Sold Not Yet Purchased Corporate Debt
FinancialInstrumentsSoldNotYetPurchasedCorporateDebt
|
2230000 | usd |
| CY2024Q1 | pipr |
Financial Instruments Sold Notyet Purchased Us Govtand Agency Obligations
FinancialInstrumentsSoldNotyetPurchasedUSGovtandAgencyObligations
|
26286000 | usd |
| CY2023Q4 | pipr |
Financial Instruments Sold Notyet Purchased Us Govtand Agency Obligations
FinancialInstrumentsSoldNotyetPurchasedUSGovtandAgencyObligations
|
48268000 | usd |
| CY2024Q1 | pipr |
Financial Instruments Sold Notyet Purchased Us Treasury Securities
FinancialInstrumentsSoldNotyetPurchasedUSTreasurySecurities
|
47824000 | usd |
| CY2023Q4 | pipr |
Financial Instruments Sold Notyet Purchased Us Treasury Securities
FinancialInstrumentsSoldNotyetPurchasedUSTreasurySecurities
|
40437000 | usd |
| CY2024Q1 | us-gaap |
Financial Instruments Sold Not Yet Purchased Derivatives And Other Contracts
FinancialInstrumentsSoldNotYetPurchasedDerivativesAndOtherContracts
|
3630000 | usd |
| CY2023Q4 | us-gaap |
Financial Instruments Sold Not Yet Purchased Derivatives And Other Contracts
FinancialInstrumentsSoldNotYetPurchasedDerivativesAndOtherContracts
|
4188000 | usd |
| CY2024Q1 | us-gaap |
Financial Instruments Sold Not Yet Purchased At Fair Value
FinancialInstrumentsSoldNotYetPurchasedAtFairValue
|
158245000 | usd |
| CY2023Q4 | us-gaap |
Financial Instruments Sold Not Yet Purchased At Fair Value
FinancialInstrumentsSoldNotYetPurchasedAtFairValue
|
148980000 | usd |
| CY2024Q1 | pipr |
Other Investmentsat Fair Value
OtherInvestmentsatFairValue
|
313259000 | usd |
| CY2023Q4 | pipr |
Other Investmentsat Fair Value
OtherInvestmentsatFairValue
|
285881000 | usd |
| CY2024Q1 | pipr |
Investments At Cost
InvestmentsAtCost
|
281000 | usd |
| CY2023Q4 | pipr |
Investments At Cost
InvestmentsAtCost
|
281000 | usd |
| CY2024Q1 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
11895000 | usd |
| CY2023Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
11886000 | usd |
| CY2024Q1 | pipr |
Investments Excluding Financial Instruments Owned
InvestmentsExcludingFinancialInstrumentsOwned
|
325435000 | usd |
| CY2023Q4 | pipr |
Investments Excluding Financial Instruments Owned
InvestmentsExcludingFinancialInstrumentsOwned
|
298048000 | usd |
| CY2024Q1 | pipr |
Investments Attributable To Noncontrolling Interest
InvestmentsAttributableToNoncontrollingInterest
|
234167000 | usd |
| CY2023Q4 | pipr |
Investments Attributable To Noncontrolling Interest
InvestmentsAttributableToNoncontrollingInterest
|
211096000 | usd |
| CY2024Q1 | pipr |
Investments Attributable To Parent
InvestmentsAttributableToParent
|
91268000 | usd |
| CY2023Q4 | pipr |
Investments Attributable To Parent
InvestmentsAttributableToParent
|
86952000 | usd |
| CY2024Q1 | us-gaap |
Accrued Fees And Other Revenue Receivable
AccruedFeesAndOtherRevenueReceivable
|
42569000 | usd |
| CY2023Q4 | us-gaap |
Accrued Fees And Other Revenue Receivable
AccruedFeesAndOtherRevenueReceivable
|
27765000 | usd |
| CY2024Q1 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
17444000 | usd |
| CY2023Q4 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
22396000 | usd |
| CY2024Q1 | us-gaap |
Income Tax Receivable
IncomeTaxReceivable
|
43893000 | usd |
| CY2023Q4 | us-gaap |
Income Tax Receivable
IncomeTaxReceivable
|
5939000 | usd |
| CY2024Q1 | us-gaap |
Other Assets Miscellaneous
OtherAssetsMiscellaneous
|
12650000 | usd |
| CY2023Q4 | us-gaap |
Other Assets Miscellaneous
OtherAssetsMiscellaneous
|
14084000 | usd |
| CY2024Q1 | us-gaap |
Other Assets
OtherAssets
|
129241000 | usd |
| CY2023Q4 | us-gaap |
Other Assets
OtherAssets
|
85955000 | usd |
| CY2024Q1 | us-gaap |
Loss Contingency Range Of Possible Loss Portion Not Accrued
LossContingencyRangeOfPossibleLossPortionNotAccrued
|
500000 | usd |
| CY2024Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
35700000 | usd |
| CY2024Q1 | us-gaap |
Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
|
288977 | shares |
| CY2023Q1 | us-gaap |
Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
|
426031 | shares |
| CY2024Q1 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
52100000 | usd |
| CY2023Q1 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
60800000 | usd |
| CY2024Q1 | pipr |
Share Based Payment Arrangement Shares Withheld For Tax Withholding Obligation Average Price Per Share
ShareBasedPaymentArrangementSharesWithheldForTaxWithholdingObligationAveragePricePerShare
|
180.26 | |
| CY2023Q1 | pipr |
Share Based Payment Arrangement Shares Withheld For Tax Withholding Obligation Average Price Per Share
ShareBasedPaymentArrangementSharesWithheldForTaxWithholdingObligationAveragePricePerShare
|
142.79 | |
| CY2024Q1 | pipr |
Stock Issued During Period Shares Treasury Stock Reissued Share Based Compensation Netof Shares Paidfor Tax Withholding
StockIssuedDuringPeriodSharesTreasuryStockReissuedShareBasedCompensationNetofSharesPaidforTaxWithholding
|
730695 | shares |
| CY2023Q1 | pipr |
Stock Issued During Period Shares Treasury Stock Reissued Share Based Compensation Netof Shares Paidfor Tax Withholding
StockIssuedDuringPeriodSharesTreasuryStockReissuedShareBasedCompensationNetofSharesPaidforTaxWithholding
|
1584696 | shares |
| CY2024Q1 | us-gaap |
Investment Banking Revenue
InvestmentBankingRevenue
|
230523000 | usd |
| CY2023Q1 | us-gaap |
Investment Banking Revenue
InvestmentBankingRevenue
|
184404000 | usd |
| CY2024Q1 | pipr |
Institutional Brokerage Revenue
InstitutionalBrokerageRevenue
|
91442000 | usd |
| CY2023Q1 | pipr |
Institutional Brokerage Revenue
InstitutionalBrokerageRevenue
|
96313000 | usd |
| CY2024Q1 | us-gaap |
Interest Income Operating
InterestIncomeOperating
|
8306000 | usd |
| CY2023Q1 | us-gaap |
Interest Income Operating
InterestIncomeOperating
|
8712000 | usd |
| CY2024Q1 | pipr |
Investmentincomeloss
Investmentincomeloss
|
14168000 | usd |
| CY2023Q1 | pipr |
Investmentincomeloss
Investmentincomeloss
|
11115000 | usd |
| CY2024Q1 | us-gaap |
Revenues
Revenues
|
344439000 | usd |
| CY2023Q1 | us-gaap |
Revenues
Revenues
|
300544000 | usd |
| CY2024Q1 | pipr |
Other Interest Expense
OtherInterestExpense
|
1383000 | usd |
| CY2023Q1 | pipr |
Other Interest Expense
OtherInterestExpense
|
2639000 | usd |
| CY2024Q1 | us-gaap |
Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
|
343056000 | usd |
| CY2023Q1 | us-gaap |
Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
|
297905000 | usd |
| CY2024Q1 | us-gaap |
Noninterest Expense
NoninterestExpense
|
290634000 | usd |
| CY2023Q1 | us-gaap |
Noninterest Expense
NoninterestExpense
|
272096000 | usd |
| CY2024Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
52422000 | usd |
| CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
25809000 | usd |
| CY2024Q1 | pipr |
Operating Margin Percent
OperatingMarginPercent
|
0.153 | |
| CY2023Q1 | pipr |
Operating Margin Percent
OperatingMarginPercent
|
0.087 | |
| CY2024Q1 | pipr |
Number Of Share Based Compensation Plans
NumberOfShareBasedCompensationPlans
|
3 | plan |
| CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
156667 | shares |
| CY2024Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
26700000 | usd |
| CY2023Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
27300000 | usd |
| CY2024Q1 | us-gaap |
Restricted Stock Award Forfeitures
RestrictedStockAwardForfeitures
|
500000 | usd |
| CY2023Q1 | us-gaap |
Restricted Stock Award Forfeitures
RestrictedStockAwardForfeitures
|
600000 | usd |
| CY2024Q1 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
4000000.0 | usd |
| CY2023Q1 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
5100000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
42493000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
25634000 | usd |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
15499000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
14507000 | shares |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
17504000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
17182000 | shares |
| CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.74 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.77 | |
| CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.43 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.49 | |
| CY2024Q1 | srt |
Alternative Net Capital Requirement1
AlternativeNetCapitalRequirement1
|
1000000 | usd |
| CY2024Q1 | srt |
Net Capital
NetCapital
|
188800000 | usd |
| CY2024Q1 | srt |
Alternative Excess Net Capital
AlternativeExcessNetCapital
|
187800000 | usd |
| CY2024Q1 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
| CY2024Q1 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
| CY2024Q1 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false |
