XML 114 R95.htm IDEA: XBRL DOCUMENT
v3.25.4

Compensation Plans - Deferred Compensation Plans (Details) - USD ($) |  |  | 3 Months Ended | 12 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | --- | ---
Dec. 31, 2020 | Apr. 03, 2020 | Jun. 30, 2025 | Dec. 31, 2025 | Dec. 31, 2024 | Dec. 31, 2023 | Oct. 07, 2022 | Feb. 04, 2022 | Aug. 02, 2019
DBO Partners | Net revenue target |  |  |  |  |  |  |  |  |
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits |  |  |  |  |  |  |  |  |
Maximum amount of contingent consideration |  |  |  |  |  |  | $ 25,000,000.0 |  |
DBO Partners | Net revenue target | No service requirement |  |  |  |  |  |  |  |  |
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits |  |  |  |  |  |  |  |  |
Contingent consideration |  |  |  |  | $ 0 |  |  |  |
Expense recorded related to earnout |  |  |  |  |  | $ (1,700,000) |  |  |
Cornerstone Macro | Net revenue target |  |  |  |  |  |  |  |  |
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits |  |  |  |  |  |  |  |  |
Maximum amount of contingent consideration |  |  |  |  |  |  |  | $ 27,800,000 |
Cornerstone Macro | Net revenue target | No service requirement |  |  |  |  |  |  |  |  |
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits |  |  |  |  |  |  |  |  |
Maximum amount of contingent consideration |  |  |  |  |  |  |  | $ 6,000,000.0 |
Amount paid related to contingent consideration liability |  |  |  |  | 6,000,000.0 |  |  |  |
Cornerstone Macro | Net revenue target | Service requirement |  |  |  |  |  |  |  |  |
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits |  |  |  |  |  |  |  |  |
Maximum amount of contingent consideration |  |  |  | $ 5,200,000 |  |  |  |  |
Contingent consideration |  |  |  | 1,800,000 |  |  |  |  |
Expense recorded related to earnout |  |  |  | 1,000,000.0 | 1,900,000 |  |  |  |
Cornerstone Macro | Net revenue target | Service requirement | Second Quarter 2026 |  |  |  |  |  |  |  |  |
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits |  |  |  |  |  |  |  |  |
Maximum amount of contingent consideration |  |  |  | $ 2,600,000 |  |  |  |  |
Cornerstone Macro | Net revenue target | Service requirement | Second Quarter 2025 |  |  |  |  |  |  |  |  |
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits |  |  |  |  |  |  |  |  |
Amount paid related to contingent consideration liability |  |  | $ 2,600,000 |  |  |  |  |  |
TRS Advisors LLC | Revenue threshold |  |  |  |  |  |  |  |  |
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits |  |  |  |  |  |  |  |  |
Amount paid related to contingent consideration liability |  |  |  |  | 7,000,000.0 |  |  |  |
Expense recorded related to earnout |  |  |  |  | 500,000 | 2,200,000 |  |  |
Earnout performance period (in years) | 3 years |  |  |  |  |  |  |  |
The Valence Group | Revenue threshold |  |  |  |  |  |  |  |  |
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits |  |  |  |  |  |  |  |  |
Amount paid related to contingent consideration liability |  |  |  |  |  | 10,000,000.0 |  |  |
Expense recorded related to earnout |  |  |  |  |  | 2,200,000 |  |  |
Earnout performance period (in years) |  | 3 years |  |  |  |  |  |  |
Weeden & Co. | Restricted cash |  |  |  |  |  |  |  |  |
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits |  |  |  |  |  |  |  |  |
Acquisition-related compensation arrangements |  |  |  |  |  |  |  |  | $ 10,100,000
Annual MFRS Awards | Minimum |  |  |  |  |  |  |  |  |
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits |  |  |  |  |  |  |  |  |
Award Vesting Period |  |  |  | 3 years |  |  |  |  |
Annual MFRS Awards | Maximum |  |  |  |  |  |  |  |  |
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits |  |  |  |  |  |  |  |  |
Award Vesting Period |  |  |  | 4 years |  |  |  |  |
Retention MFRS Awards | Minimum |  |  |  |  |  |  |  |  |
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits |  |  |  |  |  |  |  |  |
Award Vesting Period |  |  |  | 3 years |  |  |  |  |
Retention MFRS Awards | Maximum |  |  |  |  |  |  |  |  |
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits |  |  |  |  |  |  |  |  |
Award Vesting Period |  |  |  | 5 years |  |  |  |  |
Nonqualified Deferred Compensation Plan |  |  |  |  |  |  |  |  |
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits |  |  |  |  |  |  |  |  |
Plan Liabilities |  |  |  | $ 19,300,000 | 22,000,000.0 |  |  |  |
Nonqualified Deferred Compensation Plan | Level I |  |  |  |  |  |  |  |  |
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits |  |  |  |  |  |  |  |  |
Plan Assets |  |  |  | 19,300,000 | 22,000,000.0 |  |  |  |
Mutual Fund Restricted Shares |  |  |  |  |  |  |  |  |
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits |  |  |  |  |  |  |  |  |
Deferred Compensation Arrangement with Individual, Compensation Expense |  |  |  | 153,100,000 | 82,300,000 | 75,400,000 |  |  |
Shares Granted, Value, Share-Based Payment Arrangement, Forfeited |  |  |  | $ 4,600,000 | $ 4,400,000 | $ 1,300,000 |  |  |

X
- Definition Business Combination, Acquisition Related Compensation Arrangements + References No definition available. + Details
Name: | pipr_BusinessCombinationAcquisitionRelatedCompensationArrangements
Namespace Prefix: | pipr_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Business Combination, Contingent Consideration Arrangements, Performance Period + References No definition available. + Details
Name: | pipr_BusinessCombinationContingentConsiderationArrangementsPerformancePeriod
Namespace Prefix: | pipr_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Period over which an employee's award vests. + References No definition available. + Details
Name: | pipr_DeferredCompensationArrangementAwardVestingPeriod
Namespace Prefix: | pipr_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of increase (decrease) in value of liability in contingent consideration arrangement in business combination, including, but not limited to, difference arising upon settlement. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479581/805-30-50-4 + Details
Name: | us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Maximum amount of estimate for undiscounted range of outcomes in contingent consideration arrangement in business combination. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-8 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 43 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479303/805-10-55-43 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479581/805-30-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479581/805-30-50-1 + Details
Name: | us-gaap_BusinessCombinationContingentConsiderationArrangementsRangeOfOutcomesValueHigh
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of liability recognized arising from contingent consideration in a business combination. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-8 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 43 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479303/805-10-55-43 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479581/805-30-50-1 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479581/805-30-50-2 + Details
Name: | us-gaap_BusinessCombinationContingentConsiderationLiability
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The compensation expense recognized during the period pertaining to the deferred compensation arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 710 -SubTopic 10 -Name Accounting Standards Codification -Section 30 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483043/710-10-30-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-1 + Details
Name: | us-gaap_DeferredCompensationArrangementWithIndividualCompensationExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Aggregate carrying value as of the balance sheet date of the liabilities for all deferred compensation arrangements. Represents currently earned compensation under compensation arrangements that is not actually paid until a later date. + References No definition available. + Details
Name: | us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Carrying amount as of the balance sheet date of assets held under deferred compensation agreements. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(17)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_DeferredCompensationPlanAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of cash outflow, not made soon after acquisition date of business combination, to settle contingent consideration liability exceeding amount recognized at acquisition date. Includes, but is not limited to, measurement period adjustment and less amount paid soon after acquisition date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 17 -Subparagraph (ee) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-17 + Details
Name: | us-gaap_PaymentForContingentConsiderationLiabilityOperatingActivities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Value of forfeited shares granted under share-based payment arrangement. Excludes employee stock ownership plan (ESOP). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_StockGrantedDuringPeriodValueSharebasedCompensationForfeited
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=pipr_DBOPartnersMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ContingentConsiderationByTypeAxis=pipr_NetrevenuetargetMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | pipr_ServiceRequirementAxis=pipr_NoServiceRequirementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=pipr_CornerstoneMacroMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | pipr_ServiceRequirementAxis=pipr_ServiceRequirementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | pipr_PaymentDateAxis=pipr_SecondQuarter2026Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | pipr_PaymentDateAxis=pipr_SecondQuarter2025Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=pipr_TRSAdvisorsLLCMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ContingentConsiderationByTypeAxis=pipr_RevenueThresholdMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=pipr_TheValenceGroupMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=pipr_WeedenCo.Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AwardTypeAxis=pipr_RestrictedcashMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis=pipr_AnnualMutualFundRestrictedSharesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis=pipr_RetentionMutualFundRestrictedSharesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis=pipr_NonqualifiedDeferredCompensationPlanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis=pipr_MutualFundRestrictedSharesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |