PWP

Over the past six months (March to September 2026), PWP's stock performance has seen a decline, with its stock down approximately 20% in the past month, 17% in the past three months, 24% year-to-date, and 39% over the one-year period as of September 23, 2026. For Q1 2026 earnings reported on May 1, 2026, PWP posted revenues of $148.9 million (down 30% year-over-year) and a GAAP pre-tax loss of $(11) million, with net income attributable to the firm collapsing by over 91% to $1.4 million, and compensation spending decreasing by 18%. In contrast, Q2 2026 earnings reported on July 31, 2026, showed revenues of $156.5 million (up 1% year-over-year), exceeding analyst expectations, with GAAP pre-tax income of $6 million and adjusted pre-tax income of $27 million, and management noting a two-year quarterly high backlog. Other significant events include PWP's agreement to acquire Gleacher Shacklock, a London-based independent advisory firm, expected to close in the second half of 2026 to expand its UK and European presence. On September 1, 2026, the firm issued 1,999,015 shares of Class A common stock to select limited partners as part of an exchange. Additionally, on July 31, 2026, Perella Weinberg announced the promotion of eight Managing Directors to Partner and added ten partners and eleven managing directors year-to-date in 2026.