New York-based Perella Weinberg Partners (NASDAQ:PWP), a leading independent advisory firm, reported financial results for the fourth quarter and full year ended December 31, 2025.
Full-year revenues totaled $750.9 million, down 14% year-over-year.
GAAP pre-tax income was $52 million, while adjusted pre-tax income reached $82 million.
Fourth-quarter revenues was reported at $219.2 million.
The firm ended 2025 with $255.9 million in cash and no debt.
It also returned $163.4 million to equity holders through dividends and repurchases, retiring over six million share equivalents during the year.
Following the quarter's performance, the company's board declared a quarterly dividend of $0.07 per share.
Meanwhile, Perella Weinberg also completed the acquisition of Devon Park Advisors, adding specialized secondaries advisory capabilities to its advisory platform.