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Investments - Schedule of Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Investments, All Other Investments [Abstract]
Investments at fair value	$ 305,473	$ 267,599
Investments accounted for under the equity method	17,045	14,363
Total investments	322,518	281,962
Less: Investments attributable to noncontrolling interests	(216,838)	(187,624)
Total investments attributable to Piper Sandler Companies	$ 105,680	$ 94,338

This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized.

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