Filing Flows › Perella Weinberg Partners (PWP) › Q1 2025
Perella Weinberg Partners (PWP) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Perella Weinberg Partners (PWP) reported revenue of $212M for the first quarter 2025 (Q1 2025), +107% from a year earlier and -6% from the quarter before. Operating margin was 5.5%, net earnings $17.3M (8.2% of revenue).
Perella Weinberg Partners, Q1 2025: revenue $212M (+107% year over year), operating margin 5.5%, net earnings $17.3M, operating cash flow −$177M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $212M | -6% | +107% |
| Operating profit | $11.7M | -45% | — |
| Net earnings | $17.3M | -17% | — |
| Operating cash flow | −$177M | — | — |
What changed
Revenue was $211.8M in Q1 2025, up 107% year over year and down 6% from the previous quarter.
Operating profit was $11.7M, a 5.5% margin (up 58.0 points year over year). Total costs grew 29% against revenue growth of 107%. The fastest-growing cost line was Other operating costs (+29%). Net earnings were $17.3M. The effective tax rate was -79.6%.
Operating cash flow was −$176.5M. Non-cash charges added back $5.0M of depreciation and amortization and $26.4M of share-based compensation. Working capital and other items used $229.3M. Capital expenditures of $1.0M exceeded it, leaving free cash flow of −$177.6M.
Questions
What was Perella Weinberg Partners' revenue in the first quarter 2025?
Perella Weinberg Partners (PWP) reported revenue of $212M for the first quarter 2025 (Q1 2025), +107% from a year earlier and -6% from the quarter before.
Was Perella Weinberg Partners profitable in the first quarter 2025?
Operating profit was $11.7M (5.5% of revenue) and net earnings $17.3M.