PIPER SANDLER COMPANIES
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $67.8M | $65.2M | $114.0M | $60.3M | $42.2M | $64.9M | $69.1M | $34.8M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | — | $4.7M | — | — | — | $4.2M | — | — |
| Amortization | $2.1M | $2.1M | — | $2.1M | $2.1M | $2.1M | — | $2.6M |
| Stock-Based Compensation | — | $28.0M | — | — | — | $31.2M | — | — |
| Net Cash from Operating Activities | $36.3M | $-291.7M | — | $31.9M | $32.1M | $-207.2M | — | $80.1M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | $1.2M | — | — | — | $0 | — | — |
| Net Cash from Investing Activities | — | $-3.3M | — | — | — | $-11.1M | — | — |
| Financing Activities | ||||||||
| Dividends Paid | — | $100.7M | — | — | — | $70.3M | — | — |
| Stock Repurchases | — | $69.9M | — | — | — | $80.6M | — | — |
| Net Cash from Financing Activities | — | $-168.9M | — | — | — | $-139.6M | — | — |
| Net Change in Cash | — | $-465.0M | — | — | — | $-356.8M | — | — |
| Free Cash Flow | — | — | — | — | — | — | — | — |