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Net Income (Loss) Per Share Attributable to Class A Common Shareholders | 3 Months Ended
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Mar. 31, 2026
Earnings Per Share [Abstract] |
Net Income (Loss) Per Share Attributable to Class A Common Shareholders | Note 13—Net Income (Loss) Per Share Attributable to Class A Common Shareholders The calculations of basic and diluted net income (loss) per share attributable to Class A common shareholders are presented below:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2026 |  | 2025
Numerator: |  |  |  |  |  |  |
Net income (loss) attributable to Perella Weinberg Partners – basic |  |  |  |  | $ | 1,487 |  |  | $ | 17,339 |
Dilutive effect from assumed exchange of PWP OpCo Units, net of tax |  |  |  |  | 312 |  |  | — |
Dilutive effect from assumed vesting of PWP Incentive Plan Awards, net of tax |  |  |  |  | 49 |  |  | 913 |
Net income (loss) attributable to Perella Weinberg Partners – diluted |  |  |  |  | $ | 1,849 |  |  | $ | 18,252 |
Denominator: |  |  |  |  |  |  |
Weighted average shares of Class A common stock outstanding – basic |  |  |  |  | 70,398,710 |  |  | 62,138,123 |
Weighted average number of incremental shares from assumed exchange of PWP OpCo Units |  |  |  |  | 21,198,284 |  |  | — |
Weighted average number of incremental shares from assumed vesting of PWP Incentive Plan Awards |  |  |  |  | 9,578,794 |  |  | 13,701,454 |
Weighted average shares of Class A common stock outstanding – diluted |  |  |  |  | 101,175,788 |  |  | 75,839,577 |
Net income (loss) per share attributable to Class A common shareholders |  |  |  |  |  |  |
Basic |  |  |  |  | $ | 0.02 |  |  | $ | 0.28 |
Diluted(1) |  |  |  |  | $ | 0.02 |  |  | $ | 0.24 |
__________________ (1)Basic and diluted net income (loss) per share attributable to Class A common shareholders for the three months ended March 31, 2026 are the same due to rounding. Basic and diluted net income (loss) per share attributable to Class B common shareholders has not been presented as these shares are entitled to an insignificant amount of economic participation. The Company uses the treasury stock method to determine the potential dilutive effect of unvested PWP Incentive Plan Awards and the if-converted method to determine the potential dilutive effect of exchanges of PWP OpCo Units into Class A common stock. The Company adjusts net income (loss) attributable to Class A common shareholders under both the treasury stock method and if-converted method for the reallocation of net income (loss) between Class A common shareholders and non-controlling interests that result upon the assumed issuance of dilutive shares of Class A common stock as if the issuance occurred as of the beginning of the applicable period. The following table presents the weighted average potentially dilutive shares that were excluded from the calculation of diluted net income (loss) per share under the treasury stock method or if-converted method, as applicable, because the effect of including such potentially dilutive shares was antidilutive for the period presented:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2026 |  | 2025
PWP OpCo Units |  |  |  |  | — |  |  | 27,051,350 |

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