Revenue decreased 30% to $148.9 million for the three months ended March 31, 2026, compared to $211.8 million in the prior year period. Net income attributable to Perella Weinberg Partners fell to $1.5 million from $17.3 million in Q1 2025. Operating loss for the quarter was $12.9 million, compared to an operating income of $11.7 million in the same period last year. Total compensation and benefits expenses decreased 18% to $122.1 million, primarily due to lower discretionary bonus accruals. The company announced an agreement to acquire London-based advisory firm Gleacher Shacklock LLP, expected to close in the second half of 2026.