| Benford Chart for PIPR 10Q Filed 11/4/2025 | ||||||||||||||||||||||||||||||||||||
Total numbers found: 1,146 Recent share count: 17,690,540 (1's column) ■ = Typical range across full coverage universe | ||||||||||||||||||||||||||||||||||||
| # of Numbers Found in Filing | |||
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On this page of Benford's Law Stocks.com we present our study of PIPER SANDLER COMPANIES — ticker symbol PIPR. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 2/25/2021 to 11/4/2025
for PIPER SANDLER COMPANIES under CIK number 0001230245.
For filings made in XBRL (eXtensible
Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL
filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format
found for each filing is presented below together with the results for PIPR, with the percentage of found numbers beginning with each digit
(1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as
well as the "normal" range for PIPER SANDLER COMPANIES based on the past PIPR filings our system processed in the past.
| Benford's Law Stocks Score for PIPR = 77 | ||
Starting from a possible score of 100, we made the following score deductions: • We deducted point upon observing the 1's percentage was above the typical coverage universe range. • The 7's percentage was higher than the 6's percentage, increasing the penalty multiplier. • We deducted points (includes the impact of penalty multiplier) upon observing the 7's percentage was above the typical coverage universe range. • We deducted points (includes the impact of penalty multiplier) upon observing the 7's percentage was above the company's typical historical range. • We deducted point upon observing the 8's percentage was below the typical coverage universe range. • We deducted point upon observing the 8's percentage was below the company's typical historical range. • The 9's percentage was higher than the 8's percentage, increasing the penalty multiplier. • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction. |
| PIPR's Score Vs. Typical Stock | |||
|
Check our work! We provide our PIPER SANDLER COMPANIES Benford's Law analysis for informational purposes only, and our software should be expected to
make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating
the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the PIPR filing
above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also
be helpful for exploring any columns in particular that caught your eye.
| 1's | 2's | 3's |
|---|---|---|
| We found 399 numbers that start with the digit 1. Here they are: 10 10 17,689,597 113,997 174,491 185,409 187,624 106,944 167,145 160,775 103,227 107,504 136,116 161,583 192,029 183,792 15,000 10,000 100,000,000 19,562,353 19,557,804 16,730,222 16,111,723 195 195 1,179 1,282,838 1,227,830 180,326 187,943 1,463,164 1,415,773 109,490 100,934 10,693 1,237,225 1,046,211 1,356 1,233,326 1,041,807 13,630 13,525 19,448 16,481 13,774 13,712 10,150 10,392 12,948 18,380 14,650 14,534 1,044 1,752 16,251 12,164 1,047,542 107,427 185,784 136,283 15,225 151,001 104,938 16,362 167,363 112,055 10.08 1.96 16,716 15,921 16,600 15,767 17,808 17,769 17,775 17,636 151,001 104,938 1,104 154,595 107,394 16,362 170,957 114,511 16,111,723 195 1,179 1,227,830 187,943 1,415,773 15,000 16 1,469 1,485 1,485 1,319 1,136 1,136 1,136 16,516,030 195 1,213,473 164,637 1,378,110 10,427 17,087 17,087 17,087 16,573 16,573 16,573 17,850 15,311 15,311 16,697,576 195 1,229,893 169,521 1,399,414 11,931 11,931 11,931 18,000 1,782 1,782 11,202 130 130 130 1,104 1,104 1,104 11,407 11,407 16,730,222 195 1,282,838 180,326 1,463,164 15,200,149 195 1,085,498 1,299,473 106 106 106 15,642,422 195 1,100,575 1,325,030 19,803 14,970 14,787 14,787 14,787 10,608 10,608 10,608 15,902,131 195 1,126,258 1,340,808 10,667 10,667 10,667 18,865 1,690 1,690 1,966 15,942,770 195 1,562 1,167,308 194,774 1,362,082 151,001 104,938 12,961 12,649 17,309 10,335 113,087 13,194 113,290 111,760 17,934 17,353 143,173 149,417 16,166 1,550 12,084 105,196 187,463 161,268 113,997 10.2 1.5 154,409 174,491 120 146,874 146,874 13,313 13,313 116,842 116,842 10,345 189,207 133,447 192,711 11,444 11,444 185.4 147.3 136,176 136,176 1,583 1,583 126,672 126,945 1,075 1,075 10,185 1,819 176,970 179,062 1,139,890 19,740 19,740 187.6 136.3 185,202 1,779 1,976 189,207 195,834 11,529 11,042 170,145 1,379 1,971 1,819 176,970 13,182 16,097 189,207 1,901 1,785 11,869 1,901 170,145 12 10 11 16 13.5 15 15.9 189.2 146,874 136,176 1,583 13,313 116,842 126,945 1,075 19,740 10,906 1,098 171,333 10,490 11,929 12,004 1,423 1,337 179 16,669 14,363 185,409 187,624 10,078 1,099 12,166 12,166 1.09 16.7 107,504 103,227 17,827 14,970 14,606 192,029 183,792 120 120 10.0 10.0 120 16,708 15,004 158,471 18.5 16.7 163.4 150.0 133.4 150.0 16.6 184.51 1,041,880 167.4 112.1 188,047 17,903 150,420 121,125 106,811 166,087 154,043 155,033 130,070 109,490 100,934 10,693 1,237,225 1,046,211 1,356 1,233,326 1,041,807 104,272 13,216 1,053,282 113,685 115,667 10.9 1.8 150 150 100 100 150 150 1.80 1,217,423 114,000 17.4 161,030 11.8 1.2 13.4 11.4 1,740,128 128.01 193,179 109.11 1,053,282 176.39 152,318 169.34 148.90 113,685 148,667 135.20 115,667 145.53 10,085,009 1.7 19.1 1.8 1.5 1,802 1,129 1,388 1,794 1,044 1,752 167,363 112,055 16,716 15,921 16,600 15,767 161 190 148 180 1,594 1,641 17,808 17,769 17,775 17,636 10.08 1.96 1.0 120 120 163.4 | We found 171 numbers that start with the digit 2. Here they are: 284,769 281,962 2,219,822 2,255,936 2,832,131 2,415 2,219,822 2,255,936 241,470 284,113 27,284 22,813 288,901 231,014 2,147 2,572 24,949 22,212 2.19 2.85 2,354 2,456 22,212 28,147 266,060 263,298 28,726 28,726 2,856 22,212 247 2,029 25,474 2,875 2,875 2,415 213,975 288,977 224,455 284,320 25,260 25,260 27,153 2,542 214,550 21,835 2,383 2,383 2,383 215 215 215 2,354 2,354 2,354 25,377 25,377 25,467 23,033 25,260 21,697 2,807 22,306 23,294 27,342 2,136 2,232 2.2 22,754 20,082 2,330 2,330 267,819 24,759 24,759 2 2 21,171 21,171 273 2,092 267,318 2,379 276 248 2,060 276 270 2,655 2,974 2,464 279 2,548 273 248 2,910 2,475 276 2,869 224,280 23,584 2,842 279 20,450 22 2 2 25 22.0 2 2,330 21,171 24,759 2,379 2,656 241,833 2,760 267,819 267,318 281 281 284,769 281,962 231,905 236,138 232,965 247,315 2,093 2.2 2,191 20,927 26,478 26,676 24,787 2 2 2.7 2.00 248.25 295,112 2.22 2.26 212,372 241,470 284,113 27,284 22,813 200 23 2.82 24.49 23.4 20.3 2.2 214.89 298.65 217.19 24,492,634 23,302,259 22.0 27.8 2.6 2.6 2,773 297 255 255 255 2.19 243.2 242.2 | We found 132 numbers that start with the digit 3. Here they are: 366,660 351,178 319,388 312,024 3,446,081 321,648 314,656 330,588 321,120 30,642 3,784 360,928 3,899 359,572 39,921 35,437 32,527 30,156 371,849 303,957 34,783 31,345 34,789 3.61 3.38 3,594 37,143 314,656 36,768 333 333 333 330,711 31,755 3,562 3,562 3,562 322,874 3,519 3,678 3,678 3,678 374 321,648 356,297 35,660 35,660 35,660 3,395 3,395 347,156 34,773 34,773 327,392 34,789 34,789 325,402 302,747 31,348 3,267 368,837 32,913 383,098 350,185 3,869 39,566 34.5 35,611 35,611 3,504 3,925 3,504 3,925 3,925 3,912 3,912 3,504 342 3,590 35,327 3,672 3,341 3 3,504 3,672 3,233 3,571 3,672 35,611 3,912 330,691 393,860 30 3,054 3,233 3 312,024 319,388 3,629 3,480 37,368 3,671 30 3.00 325,019 300.30 34.8 38,501 35,520 330,588 321,120 30,642 3,784 360,928 3,899 359,572 398,696 34,746 34.0 34.3 3.94 3.21 3.22 38.50 37.20 3.5 310.74 31,060 33,000 34,789 3.61 3.38 |
| 4's | 5's | 6's |
|---|---|---|
| We found 104 numbers that start with the digit 4. Here they are: 482,834 477,238 446,020 425,728 441,679 480,094 4,404 479,276 45,137 49,274 42,808 41,509 4,775 4,283 40,390 40,390 42,744 4,841 4,841 43 42,182 42,182 4,316 4,316 4,316 454,358 42,493 42,493 49,578 44 44 44 461,191 481,177 40,390 4,016 40,337 482,834 4,370 454,484 477,238 472 472 43,176 43,176 440,575 446,020 450,920 42,858 42,858 485 4,633 4,633 4,635 425,306 425,728 446,844 446,844 425,306 4,370 41 4,043 4,288 4,777 41,067 4,595 41,042 48,546 4,777 472 43,176 4,633 446,020 425,728 42,858 485 442 4,305 4,056 4,335 4,111 4.6 469 43,993 45,526 4 48,454 480,094 4,404 479,276 407,395 4.32 4.38 4.35 47.5 43.8 43.2 46.71 42,980 4.3 40,667 4,654 42 48 | We found 88 numbers that start with the digit 5. Here they are: 59,400 58,093 5,862 563,088 561,746 55,117 5,153 5,032 55,615 5,601 5.00 5,601 59,162 561,746 556,400 581,495 52,091 52,091 52,091 555 5,496 5,496 5,496 527 527 527 58 58 58 5,601 5,982 5,982 505,299 56,192 52,231 5,000 59,970 5,912 58,093 5,862 58,093 5,862 5,394 5,394 5,866 59,314 59,314 5,295 50,188 50,188 5,699 541,827 54,249 54,249 5,523 5,000 5,268 5,834 54 50,188 5,394 5,699 54,249 5,649 572,524 565,193 55 5.3 56.0 591 541 58,365 53,189 56,728 5.0 51,059 5.6 5 5.8 529,144 53,750 52,480 55,740 58 5.5 5.2 5 520 | We found 82 numbers that start with the digit 6. Here they are: 68,600 66,618 629,830 688,169 6,050 6,042 6,370 60,266 6.35 65 64,915 64,915 68,664 68,664 68,664 654,048 63,105 63,105 66,758 60,266 60,266 629,830 60,185 60,185 60,185 61,232 61,232 6,370 61,114 6,986 6,565 68,267 6,634 67,617 6,634 6,305 6,305 6,305 614 614 6,692 6,692 6,580 697 6,634 697 6,634 6,191 689 6,634 6.9 6 65.4 6,565 614 6,280 6,986 6,986 6,370 6.09 6.33 6.39 6,858 68,438 6.0 66,758 60.0 60.3 635,374 645,887 65,125 69.9 69,693 62.5 6.0 6.0 6,042 60,266 64 65 60 6.35 |
| 7's | 8's | 9's |
|---|---|---|
| We found 88 numbers that start with the digit 7. Here they are: 79,360 74,550 78,438 72,014 76,982 70,215 756,658 731,775 7,831 7,510 795,574 775 7,294 7,117 7.11 70 7,117 70,261 70,261 70,261 7,927 7,927 7,927 725 725 725 7,480 7,480 7,480 7,085 730,695 792 75 717 792 792 75,832 71,111 7,294 778 7,128 792 7.4 75,443 75,443 773,153 72,014 78,256 78,256 73,989 76,982 7,962 7.0 75,443 78,256 72,014 76,982 79.4 74.6 7,834 74.3 746.8 7,364 7,986 7,755 70 79,715 731,775 7,831 7,510 75 75 75 75 75 75 75 75 75 75 73.9 7 7 7,001,754 7.0 79 775 7.11 | We found 35 numbers that start with the digit 8. Here they are: 89,104 88,819 840,163 892,605 818 82,478 82,478 81,374 80,629 80,629 80,629 82,478 894 850 8,000 8,889 828 8,989 8,745 8,080 8,694 8,549 8,118 8,629 85.4 88.6 81,506 892,605 818 870,735 8.0 86.3 85 85 868 | We found 47 numbers that start with the digit 9. Here they are: 99,657 95,412 972,046 981,724 9,374 905,524 9.42 981,724 987,632 967,558 972,046 988,136 987,195 9,898 9,898 973,070 9,968 9,968 9,968 985,654 99,279 9,207 90,348 991 991 9 9,151 9 991 9,531 9 9,071 99,360 94,338 99,657 99.3 975,820 9,374 94,957 9.3 96.9 9,290 99.00 99.00 9 966 9.42 |
While the above PIPR 10Q Filed 11/4/2025 is interesting in isolation, we have found that it is also useful to take a look at older
PIPER SANDLER COMPANIES filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a
Benford's Law analysis. Below we repeat the 10Q Filed 11/4/2025 but instead of the chart comparing against the typical company across
our coverage universe, below we show the same chart compared against the typical PIPR 10Q and 10K filings that we have processed
historically. This is followed by similar charts for each of those historical filings.
| 10Q Filed 11/4/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,146 ■ = Typical PIPR range from 2/25/2021 to 11/4/2025 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 2/27/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,433 ■ = Typical PIPR range from 2/25/2021 to 11/4/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 5/7/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 764 ■ = Typical PIPR range from 2/25/2021 to 11/4/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 8/2/2023 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,165 ■ = Typical PIPR range from 2/25/2021 to 11/4/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 11/1/2022 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,271 ■ = Typical PIPR range from 2/25/2021 to 11/4/2025 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 2/25/2022 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,563 ■ = Typical PIPR range from 2/25/2021 to 11/4/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 5/6/2021 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 857 ■ = Typical PIPR range from 2/25/2021 to 11/4/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 8/6/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,044 ■ = Typical PIPR range from 2/25/2021 to 11/4/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 11/7/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,151 ■ = Typical PIPR range from 2/25/2021 to 11/4/2025 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 2/26/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,430 ■ = Typical PIPR range from 2/25/2021 to 11/4/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 5/4/2023 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 858 ■ = Typical PIPR range from 2/25/2021 to 11/4/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 8/2/2022 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,196 ■ = Typical PIPR range from 2/25/2021 to 11/4/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 11/4/2021 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,268 ■ = Typical PIPR range from 2/25/2021 to 11/4/2025 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 2/25/2021 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,602 ■ = Typical PIPR range from 2/25/2021 to 11/4/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 5/8/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 772 ■ = Typical PIPR range from 2/25/2021 to 11/4/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 8/6/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,032 ■ = Typical PIPR range from 2/25/2021 to 11/4/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 11/3/2023 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,238 ■ = Typical PIPR range from 2/25/2021 to 11/4/2025 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 2/24/2023 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,548 ■ = Typical PIPR range from 2/25/2021 to 11/4/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 5/6/2022 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 842 ■ = Typical PIPR range from 2/25/2021 to 11/4/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 8/5/2021 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,186 ■ = Typical PIPR range from 2/25/2021 to 11/4/2025 | ||||||||||||||||||||||||||||||||||||