Perella Weinberg Partners (PWP) saw its stock price soar 10.03% during intraday trading on Friday, driven by the release of better-than-expected fourth-quarter financial results and an optimistic business outlook.
The independent advisory firm reported Q4 revenue of $219 million, significantly surpassing the analyst consensus estimate of $180.4 million. Adjusted earnings per share came in at $0.17, beating the $0.12 forecast. Management highlighted that 2025 marked the third highest revenue year in the firm's 20-year history, underscoring the strength of its platform despite a challenging environment.
Investors reacted positively to the company's strategic progress, including significant talent investments, the acquisition of Devon Park Advisors which established a secondaries advisory capability, and a strong balance sheet with $256 million in cash and no debt. CEO Andrew Bednar noted that the pipeline entering 2026 stands at record levels, with momentum building across the business amid favorable conditions for M&A and financing solutions.
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