Perella Weinberg Q2 2026: backlog momentum and Gleacher Shacklock close
Jul 31, 2026, 7:01 AM EDT2 sourcesAI-analyzed
Why it may matterVerify against the original reporting
Backlog growth, upcoming close of an accretive acquisition, and a debt-free balance sheet with buyback capacity provide a favorable setup for earnings upside and multiple expansion absent macro deterioration. Historical analogs show small-cap advisory peers often see near-term upside upon major deal closures and backlog acceleration; PWP appears to be positioned similarly, albeit dependent on deal execution and macro conditions.
AI summary
What happened, with direct paths to the underlying reporting
Perella Weinberg Partners reported Q2 2026 revenue of $156.5 million, up 1% YoY, with six-month revenues down 17% to $305.4 million due to fewer large fee events. GAAP pre-tax income was $6 million, while adjusted pre-tax income totaled $27 million; GAAP EPS was $0.06 and adjusted EPS $0.20. The company maintains a debt-free balance sheet with about $116 million in cash, supports buybacks and a $0.07 quarterly dividend, and expects to close Gleacher Shacklock in Q3 2026, which could lift backlog and contribute to earnings growth as talent expands.
Q2 2026 revenue $156.5m, up 1% YoY.
First-half revenue $305.4m, down 17% YoY.
GAAP pre-tax income $6m; adjusted pre-tax $27m.
GAAP EPS $0.06; adjusted EPS $0.20.
Gleacher Shacklock acquisition to close in Q3 2026; backlog expanding.
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