Perella Weinberg Partners (PWP) Cash Flow: Operating & Free Cash Flow

Perella Weinberg Partners (PWP) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Perella Weinberg Partners generated $34.79M of operating cash flow and spent $4.31M on capital expenditures. That left free cash flow of $30.48M, down 85.3% from $206.98M a year earlier, or 4.1% of revenue. It returned $167.14M to shareholders through $27.14M in dividends and $140.00M in share buybacks.

Perella Weinberg Partners Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Perella Weinberg Partners (PWP) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Operating Activities
Net Income	48.00	-89.34	-111.84	-31.75	4.02	-24.34	-164.02	-125.76
Depreciation & Amortization	20.83	20.38	14.68	10.69	14.49	15.53	15.85	14.22
Deferred Income Tax	2.45	-2.46	-2.07	-2.74	-3.72	-0.56	0.69	0.00
Stock Based Compensation	110.50	188.87	184.46	156.42	97.03	24.82	193.30	199.05
Change in Working Capital	-160.58	88.63	44.50	-148.44	59.00	46.42	-171.90	167.21
Change in Accounts Receivable	12.23	-32.51	18.80	-24.34	-7.13	29.06	-2.68	-6.05
Change in Inventory	0.00	0.00	0.00	0.00	0.00	0.00	-17.93	0.00
Change in Accounts Payable	-24.47	20.96	-1.38	-5.81	5.11	2.97	-5.56	0.00
Change in Other Working Capital	-27.96	10.96	11.17	-21.16	-36.90	14.39	-145.73	173.25
Other Operating Activities	16.04	10.96	14.08	-4.70	60.36	24.04	19.97	16.16
Net Cash from Operating Activities	34.79	223.36	145.88	-17.77	234.91	85.91	-106.11	270.88
Investing Activities
Capital Expenditures	-4.31	-16.38	-57.60	-26.56	-1.46	-5.52	-7.42	-3.34
Acquisitions	-18.86	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Purchases of Investments	-74.91	-74.91	-89.26	-139.17	0.00	0.00	0.00	0.00
Sales/Maturities of Investments	74.91	91.19	140.55	0.00	0.00	0.00	0.00	0.00
Other Investing Activities	0.00	0.00	0.49	-0.50	-0.98	0.00	0.15	0.56
Net Cash from Investing Activities	51.74	-0.10	-5.82	-166.23	-2.44	-5.52	-7.27	-2.78
Financing Activities
Debt Repayment	0.00	0.00	0.00	0.00	-160.93	-10.00	10.00	0.00
Common Stock Issued	0.00	65.99	0.00	35.21	355.02	0.00	0.01	0.00
Common Stock Repurchased	-140.00	-78.38	-39.23	-114.68	-127.00	0.00	-0.01	-24.54
Dividends Paid	-27.14	-38.55	-27.31	-57.30	-71.92	-11.99	-38.38	0.00
Other Financing Activities	-29.68	-86.31	-14.64	-80.98	264.83	0.00	-1.84	0.00
Net Cash from Financing Activities	-168.57	-137.25	-67.02	-136.77	-55.02	-21.99	-30.21	-24.54
Summary
Effect of Forex Changes on Cash	6.32	-3.34	2.89	-9.84	-3.58	5.93	1.64	-4.27
Net Change in Cash	-75.72	82.67	75.94	-330.61	173.87	64.33	-141.95	239.28
Cash at Beginning of Period	332.77	250.10	174.17	504.78	330.91	266.58	408.53	169.25
Cash at End of Period	257.05	332.77	250.10	174.17	504.78	330.91	266.58	408.53
Free Cash Flow	30.48	206.98	88.29	-44.33	233.45	80.39	-113.52	267.54
Supplemental Disclosures
Interest Paid	-	-	-	-	5.52	-	-	-
Income Taxes Paid	-	10.28	4.57	26.00	12.55	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Perella Weinberg Partners Cash Flow

What is Perella Weinberg Partners's free cash flow?

Perella Weinberg Partners generated free cash flow of $30.48M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $34.79M minus $4.31M of capital expenditures. That was down 85.3% from $206.98M a year earlier. Free cash flow equaled 4.1% of revenue.

How much does Perella Weinberg Partners spend on capital expenditures?

Perella Weinberg Partners spent $4.31M on capital expenditures in fiscal 2025, compared with $16.38M a year earlier. That equals 12.4% of operating cash flow.

Does Perella Weinberg Partners pay dividends or buy back shares?

Yes. In fiscal 2025 Perella Weinberg Partners returned $27.14M in dividends and $140.00M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition