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Get filing alertsPerella Weinberg reports Q2 revenues up 1% to $157M, announces $22M restructuring
Filed July 31, 2026 · Period ending July 31, 2026 · ~1 min read
Key Changes
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Q2 2026 revenues of $157M (up 1% YoY), GAAP EPS $0.06, adjusted EPS $0.20; first-half revenues down 17% to $305M on fewer large fee closings
Exhibit 99.1 view on EDGAR → -
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Initiated business review in Q2 resulting in headcount reductions to focus on higher-performing areas; expects ~$22M in total restructuring costs through year-end 2026, with $13.8M recognized in Q2
Exhibit 99.1 view on EDGAR → -
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Board declared quarterly dividend of $0.07/share, payable Sept 10 to shareholders of record Aug 28; returned $72.7M to equity holders in H1 2026 through share settlements, dividends, and distributions
Exhibit 99.1 view on EDGAR → -
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Expects to close acquisition of Gleacher Shacklock in Q3 2026, subject to customary closing conditions, as part of strategy to scale by adding senior talent
Exhibit 99.1 view on EDGAR →
Summary
Perella Weinberg Partners reported mixed second-quarter results alongside a significant restructuring initiative. Q2 revenues of $157 million edged up 1% year-over-year, driven by more fee-paying clients and greater M&A contribution, though first-half revenues fell 17% to $305 million on fewer large fee event closings.
The company initiated a business review in Q2 that will result in headcount reductions to focus resources on higher-performing areas, with total restructuring costs estimated at $22 million through year-end 2026. For retail holders, the restructuring signals management's response to the revenue decline and margin pressure evident in the first-half results.
The $22 million in realignment costs—including separation benefits, accelerated equity award amortization, and professional fees—represents a material near-term earnings headwind but aims to improve the cost structure. The firm continues to return capital, declaring a $0.07 quarterly dividend and having returned $72.7 million to equity holders in the first half through share settlements and dividends. The pending Gleacher Shacklock acquisition, expected to close in Q3, adds senior talent but comes as the firm simultaneously reduces headcount elsewhere, underscoring the strategic shift toward higher-performing business areas.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Perella Weinberg Partners announced Q2 2026 financial results via press release.
Added in current filing · verify on EDGAR →
On July 31, 2026, Perella Weinberg Partners (the “Company”) issued a press release announcing its financial results for the second quarter ended June 30, 2026.
The company disclosed its second quarter 2026 financial results through a press release. The 8-K body itself does not contain specific financial metrics; those details are in the attached Exhibit 99.1 press release.
Event · Exhibit 99.1
Perella Weinberg reported Q2 2026 revenues of $157M (up 1% YoY), GAAP EPS of $0.06, adjusted EPS of $0.20, and declared a $0.07 quarterly dividend.
Added in current filing · view on EDGAR →
Revenues of $157 Million, Up 1% From a Year Ago
•GAAP Pre-Tax Income of $6 Million, Adjusted Pre-Tax Income of $27 Million
•GAAP Diluted EPS of $0.06, Adjusted EPS of $0.20
Perella Weinberg reported second quarter 2026 revenues of $157 million, a 1% increase from the prior year, driven by more fee-paying clients and greater M&A contribution, partially offset by lower financing and capital solutions activity. GAAP pre-tax income was $6 million and adjusted pre-tax income was $27 million. GAAP diluted EPS was $0.06 and adjusted EPS was $0.20.
Added in current filing · view on EDGAR →
Revenues of $305 Million, Down 17% From a Year Ago
•GAAP Pre-Tax Loss of $(5) Million, Adjusted Pre-Tax Income of $23 Million
•GAAP Diluted EPS of $0.08, Adjusted EPS of $0.25
For the first half of 2026, revenues were $305 million, down 17% from the prior year, driven by fewer large fee event closings and a related decrease in average fee per client. GAAP pre-tax loss was $(5) million and adjusted pre-tax income was $23 million. GAAP diluted EPS was $0.08 and adjusted EPS was $0.25.
Added in current filing · view on EDGAR →
During the six months ended June 30, 2026, we returned $72.7 million in aggregate to our equity holders through: (i) the net settlement of 2,763,290 share equivalents at an average price per share of $20.12, (ii) the payment of aggregate dividends of $14.9 million to Class A common stockholders and (iii) the payment of $2.2 million in distributions to limited partners. ... The Board of Directors has declared a quarterly dividend of $0.07 per share of Class A common stock. The dividend will be paid on September 10, 2026 to Class A common stockholders of record on August 28, 2026.
During the first half of 2026, Perella Weinberg returned $72.7 million to equity holders through net settlement of 2.8 million share equivalents at an average price of $20.12, cash dividends of $14.9 million, and distributions of $2.2 million to limited partners. The Board declared a quarterly dividend of $0.07 per share, payable September 10, 2026 to shareholders of record on August 28, 2026.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 3, 2026 · How we verify