Perella Weinberg 2025 Q3 Earnings EPS Plummets 69% as Revenue Slumps 40.8%

Perella Weinberg (PWP) reported Q3 2025 earnings that missed expectations, with revenue declining 40.8% year-over-year to $164.65 million and net income dropping 70.3% to $8.56 million. The firm lowered full-year noncompensation expense guidance to low single-digit growth, signaling cost discipline amid challenging market conditions.

Revenue

, . The drop was driven by reduced M&A activity and a one-time fee event in 2024. Despite this, , and liability management/capital-raising segments showed growth.

Earnings/Net Income

, , , . The sharp drop highlights the firm’s vulnerability to market volatility and transaction timing.

Post-Earnings Price Action Review

The strategy of buying Perella Weinberg (PWP) shares on the date of its quarterly earnings release and holding for 30 days yielded strong returns over the past three years. , . This outperformed the , suggesting the strategy captured significant growth in PWP's stock price following earnings releases.

The stock’s post-earnings performance was mixed, . remain cautiously optimistic, given the firm’s long-term growth strategy and recent strategic moves.

CEO Commentary

CEO emphasized the firm’s “strong underlying fundamentals,” including record engagement levels, , and the Devon Park acquisition. .

Guidance

, , and projected Devon Park’s integration to boost 2026 revenue. The firm also declared a $0.07 quarterly dividend, .

Additional News

1. M&A Expansion: The firm closed the Devon Park acquisition, expanding into secondary markets and private equity, .

2. Dividend Update, .

3. Strategic Hiring, .

Key Risks:

• Transaction timing and market volatility could delay revenue recognition.

• of Devon Park and new bankers may pose operational challenges.

• Elevated competition in M&A advisory services could pressure margins.