Perella Weinberg (PWP) Surpasses Estimates with Q4 Revenue $219.2M Despite 2.9% YoY Drop

Perella Weinberg Partners (NASDAQ:PWP) reported Q4 CY2025 revenue of $219.2 million, down 2.9% year-on-year, yet non-GAAP profit of $0.17 per share exceeded analysts' consensus by 65.9%. The firm's revenue growth of 7.7% annualized over the past five years and 7.6% over the last two years reflects stable demand, while its pipeline entering 2026 is at record levels. CEO Andrew Bednar attributed the results to strategic talent investments and favorable M&A, financing, and capital solutions conditions. The stock closed flat at $21.53 following the earnings release.