PWP: Q2 2026 adjusted revenue up 1% YoY, LTM revenue down 21%, $116M cash, no debt
Q2 2026 adjusted revenue rose 1% year-over-year to $157M, but LTM revenue fell 21% to $689M. The firm maintains a strong balance sheet with $116M cash and no debt, and has returned over $765M to equity holders since 2021. Strategic investments and business realignment are underway to drive long-ter…