Filing Flows › Perella Weinberg Partners (PWP) › Q1 2026
Perella Weinberg Partners (PWP) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
Perella Weinberg Partners (PWP) reported revenue of $149M for the first quarter 2026 (Q1 2026), -30% from a year earlier and -32% from the quarter before. Operating margin was -8.7%, net loss $745K (0.5% of revenue).
Perella Weinberg Partners, Q1 2026: revenue $149M (-30% year over year), operating margin -8.7%, net loss $745K, operating cash flow −$110M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $149M | -32% | -30% |
| Operating profit | −$12.9M | -170% | -211% |
| Net earnings | −$745K | -108% | -104% |
| Operating cash flow | −$110M | -214% | — |
What changed
Revenue was $148.9M in Q1 2026, down 30% year over year and down 32% from the previous quarter.
Operating costs exceeded revenue by $12.9M, an operating margin of -8.7%. Total costs fell 19% while revenue fell 30%. The quarter ended with a net loss of $745K, after a profit of $13.8M the previous quarter. Minority interests bore $2.2M of it: to shareholders the quarter was a profit of $1.5M. Non-operating items added $2.3M, -21% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$109.7M. Non-cash charges added back $5.8M of depreciation and amortization and $31.0M of share-based compensation. Working capital and other items used $145.8M. Capital expenditures of $2.1M exceeded it, leaving free cash flow of −$111.8M.
Questions
What was Perella Weinberg Partners' revenue in the first quarter 2026?
Perella Weinberg Partners (PWP) reported revenue of $149M for the first quarter 2026 (Q1 2026), -30% from a year earlier and -32% from the quarter before.
Was Perella Weinberg Partners profitable in the first quarter 2026?
Operating loss was $12.9M (-8.7% of revenue) and net loss $745K.