Perella Weinberg Partners SEC 10-Q Report

Perella Weinberg Partners, a leading global advisory firm specializing in mergers and acquisitions, capital markets advisory, and restructuring, has released its Form 10-Q report for the second quarter of 2025. The report highlights significant financial and operational metrics, reflecting the company's performance and strategic initiatives during the period.

Financial Highlights

• Total Revenue: $155.3 million, a decrease of 43% compared to the same period in 2024, primarily due to decreased mergers and acquisition activity and one significant fee event in the prior year.
• Operating Income (Loss): $8.9 million, compared to a loss of $82.2 million in the same period in 2024, indicating a significant improvement in operational efficiency.
• Net Income (Loss): $4.3 million, compared to a loss of $80.8 million in the same period in 2024, reflecting improved profitability.
• Net Income (Loss) Attributable to Perella Weinberg Partners: $2.7 million, compared to a loss of $66.0 million in the same period in 2024, showing a positive turnaround.
• Net Income (Loss) Per Share Attributable to Class A Common Shareholders - Basic: $0.04, compared to a loss of $1.21 in the same period in 2024, indicating a return to profitability.
• Net Income (Loss) Per Share Attributable to Class A Common Shareholders - Diluted: $0.04, compared to a loss of $1.21 in the same period in 2024, reflecting improved earnings per share.

Business Highlights

• Revenue Segments: The company experienced a decrease in mergers and acquisition activity, which impacted revenue. However, there was an increase in financing and capital solutions activity, partially offsetting the decline.
• Geographical Performance: The United States generated $288.1 million in revenue for the six months ended June 30, 2025, compared to $322.5 million in the same period in 2024. International operations contributed $79.0 million, up from $51.6 million, indicating stronger performance outside the U.S.
• Sales Units: The total number of advisory clients decreased from 120 to 106 for the six months ended June 30, 2025, compared to the same period in 2024. However, the number of clients with fees greater than $1.0 million increased from 65 to 73, suggesting a focus on higher-value engagements.
• Future Outlook: The company plans to continue investing in its platform to achieve scale, accelerate growth, and deliver value. The acquisition of Devon Park Advisors, LLC is expected to be completed early in the fourth quarter, following regulatory approval, which may enhance the company's capabilities in GP-led secondaries advisory.

SEC Filing: Perella Weinberg Partners [ PWP ] - 10-Q - Aug. 01, 2025