Shares of Perella Weinberg Partners (PWP) plummeted 6.42% in pre-market trading on Friday following the release of its disappointing second-quarter 2025 financial results. The investment banking firm reported a significant drop in revenue and earnings that fell short of analyst expectations.
Perella Weinberg's Q2 2025 revenue came in at $155.3 million, marking a steep 43% decline from $272.0 million in the same period last year. This figure also missed the analyst consensus estimate of $188.060 million by 17.44%. The company attributed the revenue drop primarily to decreased M&A contributions, although there was an increase in financing and capital solutions activity.
Adding to investor concerns, Perella Weinberg reported adjusted earnings per share of $0.09 for the quarter, falling short of the analyst consensus estimate of $0.16 by 42.31%. This represents a substantial 79.07% decrease from earnings of $0.43 per share in the same period last year. Despite the earnings miss, the company maintained its quarterly dividend at $0.07 per Class A share. In a positive development, Perella Weinberg announced the acquisition of Devon Park Advisors, aiming to enhance its private funds advisory platform and expand its presence in the secondaries market. However, this strategic move appears overshadowed by the weak quarterly performance, leading to the sharp stock decline.