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 8/5/2021 to 5/7/2026 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 Chart for PIPR 10Q Filed 5/7/2026
25.1
15.2
13.4
11.9
8.7
8.3
8.0
4.8
4.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL? ✓  [ original filing, PIPR stockholder letter ]
Total numbers found: 774
Recent share count: 71,271,080 (7's column)

■ = Typical range across full coverage universe
# of Numbers Found in Filing
Benford's Law Stocks Indicator
774
Normal count compared to other filers, falling within the middle 50%. At this number count, it would take about 8 numbers to move any given column by a full percentage point.
Benford's Law Stocks Score for PIPR = 81
81

Starting from a possible score of 100, we made the following score deductions:
 • We deducted points upon observing the 1's percentage was below the company's typical historical range.
 • We deducted point upon observing the 4's percentage was above the typical coverage universe range.
 • We deducted points upon observing the 4's percentage was above the company's typical historical range.
 • We deducted points upon observing the 6's percentage was above the typical coverage universe range.
 • We deducted points upon observing the 6's percentage was above the company's typical historical range.
 • We deducted points upon observing the 7's percentage was above the typical coverage universe range.
 • We deducted points upon observing the 7's percentage was above the company's typical historical range.
PIPR's Score Vs. Typical Stock
Benford's Law Stocks Indicator
PIPR
Normal-to-high score compared to other filers, falling within the top of the middle 50%.
Other Stocks Ranking Near PIPR
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 194 numbers that start with the digit 1. Here they are:
10
10
111,197
172,831
170,774
138,192
156,124
186,778
188,518
15,000
15,000
101,351
145,004
119,783
1,009,853
1,004,878
10,263,272
10,767,484
1,758
1,341,836
1,371,007
1,557,859
1,582,793
110,845
101,924
11,646
1,282
18,065
18,227
13,717
15,471
14,910
15,441
15,151
14,873
19,619
1.43
1,136
1,371,007
1,582,793
113,633
113,633
113,633
113
1,232,616
1,167
1,167
1,004,878
1,758
1,341,836
1,557,859
1,179
1,227,830
187,943
1,415,773
16
1,469
1,485
1,485
1,064,240
1,136
1,136
1,136
1,213,473
164,637
1,378,110
17,932
141,838
11,573
11,436
18,549
18,682
1,152
11,148
11,148
100,721
1,167
1,485
168,924
139,564
1,033
1,185
126,082
1,225
100,000,000
18,227
18,227
14,718
15,471
14,779
15,441
13,474
1,399
14,873
111,197
1,268
120
133,979
133,979
107,805
107,805
101,589
101,589
1,085,508
1,895
168.6
140,306
140,306
125,419
125,419
19,531
19,531
1,525,343
1,811
171.8
1,283
1,537
1,819
176,970
11,486
100
14,010
1,329
166,264
1,359
14,010
1,638
1
19.2
10
19
15.3
1
1.9
133,979
140,306
107,805
125,419
101,589
19,531
1,895
1,811
1,063
10,573
1,244
1,244
17,841
17,045
106,013
105,680
17.8
19,684
13,606
12,559
186,778
188,518
120
120
10.0
120
175
1.25
100.7
150.0
1,064,240
1,253,576
110,845
101,924
11,646
1,282
1,701,708
14,372
138,340
150
150
150
100
100
150
1.80
11.68
11.8
171,920
17.4
166,064
195,724
1,320,453
15,447,194
1.3
17.8
19.3
1.0
120
120
We found 118 numbers that start with the digit 2. Here they are:
205,069
216,838
2,130,063
2,592,646
22,358
230,929
2,733
216,023
211,786
2,130,063
2,592,646
276,264
29,597
296,057
248,457
2,057
2,076
21,484
29,433
28,147
28,147
2,733
211,786
20,960
216,023
28,147
2,616,192
28,020
2,057
2,076
20,354
2,656
291,717
207,225
2,155
248,457
248,457
2,076
2,076
2,648
2.2
20,130
22,358
22,358
212,376
293,241
216,864
205.1
2,831
2,831
201
201
2,352
2,273
201
2,352
2,273
217,966
220,318
2,273
216.8
2,352
217,966
2,825
2,686
212,376
2,637
2,278
2
25
20.5
212.4
2,831
201
2,819
227,760
236,400
293,241
205,069
216,838
249
252,833
268,121
267,391
269,214
2,425
2,425
27,657
20
2,676,192
2.13
2.59
250,962
216,800
23,913
26,403
276,264
29,597
253,220
2,496,616
260,500
200
2.82
28.0
2
20,077,175
20,960
24.75
202,108
27.8
2.6
2.6
2.1
205
265
2,761
276.1
275.1
We found 104 numbers that start with the digit 3. Here they are:
344,434
311,082
322,518
319,258
319,258
346,119
318,581
348,190
358,554
357,272
386,478
327,839
36,768
3,070
36,768
37,904
3,070
318,581
3,070
33,046
33,046
33,046
36,843
36,843
36,843
313
313
313
346,119
314,656
36,768
333
333
333
330,711
36,768
32,272
31,161
39,323
351,504
3,307
356,752
344,434
327,839
327,839
33,482
31,355
39,639
3,718
3,718
306,942
306,942
392,968
3,499
33,021
33,021
305,473
3,300
3,300
3,043
3,000
3
37
3,718
33,021
3,300
364,758
355,129
3,807
3,344
3,302
3.9
305,473
311,082
322,518
35,442
39,736
30
33.0
36.8
33,061
348,190
378,188
358,554
357,272
388,976
3,466,516
3.46
33.9
34.0
34.3
3.94
3.21
3.22
38.50
37.20
30.8
3
3,450,544
3,612
3,466,516
37.47
38.13
33.63
4's 5's 6's
We found 92 numbers that start with the digit 4. Here they are:
421,277
435,204
485,325
40,907
43,142
48,514
400,000,000
4,464
475,145
474,409
425,148
41,719
41,719
458,656
4,357
4,841
4,841
43
4,734
4,213
410,069
4,841
464,981
482,834
400,000,000
40,907
43,948
43,948
4,488
4,742
480,418
4,488
4,742
485,325
480,418
4,742
40,004
40,004
40,727
4,019
43,142
4.9
43,403
43,403
4,039
43,403
48,514
4,488
42
4,356
4,810
44
43,948
485,325
40,004
43,403
43,142
48,514
4,938
4,878
42
4.4
4,858
400
48,129
400,000,000
425,148
458,656
47,670
459,035
4,464
475,145
474,409
425,080
402,108
43.6
4.32
4.38
4.35
47.5
43.8
4,869,692
456,000
47.70
48.59
454,740
44.44
425,080
423,068
402,108
428
4,819
We found 67 numbers that start with the digit 5. Here they are:
53,612
502,270
572,204
5,037
5,174
519
519
561,746
5,276
556,400
5,020
57,585
5,097
5,000
519
5,462
5,462
5,174
5,174
5,472
53,612
5,161
5,161
5,397
5,143
5,161
520
520
5,246
5,246
5,744
5,823
501,990
502,270
501,990
550
594
5,246
5
58.5
5,161
5,143
5,823
502,270
520
5,695
592,518
591,529
56.0
50,898
5.64
5.0
5.65
5.0
5.69
5,000,000
54,254
50,375
5.5
5.6
5.7
51.06
56.15
54.30
57.0
5.2
554
We found 64 numbers that start with the digit 6. Here they are:
64,048
67,066
60,474
64,004
67,857,561
67,483,432
680,540
68,312
65,242
64,915
67,841
65,513
68,312
67,337
64,267
66,051
67,483,432
65,242
65,242
68,312
632
67,857,561
680,540
64,446,892
64,915
64,915
68,664
68,664
68,664
60,000
63,105
63,105
66,064,120
68,312
66,321
69,889
662
67,530
67,530
6,850
6,850
6,534
6,534
6,534
6,279
6.2
67,530
64.0
67.1
67,148
60,437
65.2
64.9
60,470
6.4
6.12
644,120
67.88
6.0
6.0
65,242
64,915
67,841
65,513
7's 8's 9's
We found 62 numbers that start with the digit 7. Here they are:
71,043,945
74,641
77,329
702,847
78,120,833
78,250,916
779
779
728,931
736
7,335
71,235
71,150
779
728,931
779
779
70,261
70,261
70,261
779
7,339
70,261
716
753
7.3
79,842
7,958
7,958
723
723
717,600
717,600
7,339
7.4
7,958
723
7,066
7,033
72.4
7,990
7,990
796.9
777.0
77.73
75.76
73,315
736
75
75
75
75
75
75
75
75
75
75
75
77.44
71,235
71,150
We found 37 numbers that start with the digit 8. Here they are:
809,415
89,312
8,120
87,931
89,252
89,252
89,252
80,629
80,629
80,629
8,641
80,629
809,415
8,120
8.0
8,494
8,494
80,865
82,666
82,666
87,507
805,308
8,762
8,762
8,182
8,494
82,666
8,745
8,096
844
8.5
88.5
80.6
80.33
80.01
8,675,194
86.3
We found 36 numbers that start with the digit 9. Here they are:
93,979
98,682
99,598
97,222
957,145
9,963
96
99
92
91
91
975
957,145
975
975
975
981,140
987,048
92,472
92,472
991
9
92,472
9,885
9,300
9.7
9,963
969,900
9.3
96.9
932,472
912,888
96
99
92
91
While the above PIPR 10Q Filed 5/7/2026 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 5/7/2026 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 5/7/2026
25.1
15.2
13.4
11.9
8.7
8.3
8.0
4.8
4.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 81
XBRL? ✓  [ original filing ]
Total numbers found: 774

■ = Typical PIPR range from 8/5/2021 to 5/7/2026
10Q Filed 8/6/2025
35.1
14.4
10.8
10.3
8.9
7.8
5.9
2.8
4.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 94
XBRL? ✓  [ original filing ]
Total numbers found: 1,044

■ = Typical PIPR range from 8/5/2021 to 5/7/2026
10Q Filed 11/7/2024
35.4
17.0
12.0
8.1
7.0
5.8
5.7
3.8
5.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 99
XBRL? ✓  [ original filing ]
Total numbers found: 1,151

■ = Typical PIPR range from 8/5/2021 to 5/7/2026
10K Filed 2/26/2024
35.7
15.6
11.7
8.5
6.9
4.9
5.5
4.5
6.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 74
XBRL? ✓  [ original filing ]
Total numbers found: 1,430

■ = Typical PIPR range from 8/5/2021 to 5/7/2026
10Q Filed 5/4/2023
35.4
17.1
10.4
9.4
6.6
6.6
4.9
4.1
5.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 98
XBRL? ✓  [ original filing ]
Total numbers found: 858

■ = Typical PIPR range from 8/5/2021 to 5/7/2026
10Q Filed 8/2/2022
36.0
17.0
9.9
8.9
6.0
5.9
4.7
6.2
5.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 90
XBRL? ✓  [ original filing ]
Total numbers found: 1,196

■ = Typical PIPR range from 8/5/2021 to 5/7/2026
10Q Filed 11/4/2021
37.5
16.5
11.4
6.5
7.9
5.1
4.2
6.4
4.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 79
XBRL? ✓  [ original filing ]
Total numbers found: 1,268

■ = Typical PIPR range from 8/5/2021 to 5/7/2026
10K Filed 2/26/2026
36.2
16.8
9.8
7.9
7.1
5.6
6.6
5.2
4.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 96
XBRL? ✓  [ original filing ]
Total numbers found: 1,432

■ = Typical PIPR range from 8/5/2021 to 5/7/2026
10Q Filed 5/8/2025
34.1
15.2
11.3
10.6
7.8
6.5
6.5
4.0
4.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 100
XBRL? ✓  [ original filing ]
Total numbers found: 772

■ = Typical PIPR range from 8/5/2021 to 5/7/2026
10Q Filed 8/6/2024
33.4
17.0
13.4
9.7
7.6
6.0
5.1
3.2
4.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 98
XBRL? ✓  [ original filing ]
Total numbers found: 1,032

■ = Typical PIPR range from 8/5/2021 to 5/7/2026
10Q Filed 11/3/2023
35.3
17.6
12.0
7.7
6.1
6.2
4.5
4.7
5.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 77
XBRL? ✓  [ original filing ]
Total numbers found: 1,238

■ = Typical PIPR range from 8/5/2021 to 5/7/2026
10K Filed 2/24/2023
36.3
15.9
11.2
9.8
6.2
5.6
4.7
4.5
5.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 93
XBRL? ✓  [ original filing ]
Total numbers found: 1,548

■ = Typical PIPR range from 8/5/2021 to 5/7/2026
10Q Filed 5/6/2022
38.7
17.9
10.7
7.4
3.6
5.6
4.6
4.8
6.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 60
XBRL? ✓  [ original filing ]
Total numbers found: 842

■ = Typical PIPR range from 8/5/2021 to 5/7/2026
10Q Filed 8/5/2021
36.8
16.4
10.5
5.6
7.7
7.0
5.1
5.3
5.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 76
XBRL? ✓  [ original filing ]
Total numbers found: 1,186

■ = Typical PIPR range from 8/5/2021 to 5/7/2026
10Q Filed 11/4/2025
34.8
14.9
11.5
9.1
7.7
7.2
7.7
3.1
4.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 78
XBRL? ✓  [ original filing ]
Total numbers found: 1,146

■ = Typical PIPR range from 8/5/2021 to 5/7/2026
10K Filed 2/27/2025
38.4
14.8
9.6
8.4
7.1
5.6
6.0
4.6
5.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 86
XBRL? ✓  [ original filing ]
Total numbers found: 1,433

■ = Typical PIPR range from 8/5/2021 to 5/7/2026
10Q Filed 5/7/2024
32.3
17.5
12.0
12.3
7.3
5.1
4.5
3.9
5.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 83
XBRL? ✓  [ original filing ]
Total numbers found: 764

■ = Typical PIPR range from 8/5/2021 to 5/7/2026
10Q Filed 8/2/2023
34.0
18.3
12.3
9.9
7.4
5.4
5.4
3.9
3.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 100
XBRL? ✓  [ original filing ]
Total numbers found: 1,165

■ = Typical PIPR range from 8/5/2021 to 5/7/2026
10Q Filed 11/1/2022
35.3
16.8
10.3
8.5
6.5
6.5
3.5
5.7
6.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 71
XBRL? ✓  [ original filing ]
Total numbers found: 1,271

■ = Typical PIPR range from 8/5/2021 to 5/7/2026
10K Filed 2/25/2022
35.6
17.3
9.9
9.2
7.5
5.6
5.2
4.9
4.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 99
XBRL? ✓  [ original filing ]
Total numbers found: 1,563

■ = Typical PIPR range from 8/5/2021 to 5/7/2026
CRDO 10K Filed 6/15/2026:
82
PLAY 10Q Filed 6/15/2026:
69
DEVS 10Q Filed 6/15/2026:
69
PURE 10Q Filed 6/15/2026:
63
RFIL 10Q Filed 6/15/2026:
88
DOMO 10Q Filed 6/15/2026:
88
VTGN 10K Filed 6/15/2026:
87
AIOT 10K Filed 6/15/2026:
98
NMEX 10Q Filed 6/15/2026:
71
QUMSU 10K Filed 6/15/2026:
42
ENGN 10Q Filed 6/15/2026:
51
HMMR 10Q Filed 6/15/2026:
44
CMTL 10Q Filed 6/15/2026:
100
CODA 10Q Filed 6/15/2026:
81
ADBE 10Q Filed 6/15/2026:
93
CGC 10K Filed 6/15/2026:
96
ALCE 10K Filed 6/12/2026:
88
GWAV 10K Filed 6/12/2026:
98
ODYY 10Q Filed 6/12/2026:
83
GENC 10Q Filed 6/12/2026:
94
AZO 10Q Filed 6/12/2026:
99
PLCE 10Q Filed 6/12/2026:
88
HFUS 10Q Filed 6/12/2026:
67
WLTH 10Q Filed 6/12/2026:
84
JVA 10Q Filed 6/12/2026:
76
MSB 10Q Filed 6/12/2026:
69
ZDGE 10Q Filed 6/12/2026:
88
CFOR 10Q Filed 6/12/2026:
92
HOFT 10Q Filed 6/12/2026:
82
BFA 10K Filed 6/12/2026:
97
RVSB 10K Filed 6/12/2026:
99
BKYI 10K Filed 6/12/2026:
92
IEHC 10K Filed 6/12/2026:
42
FREVS 10Q Filed 6/12/2026:
55
SVBL 10Q Filed 6/12/2026:
49
LASE 10Q Filed 6/11/2026:
82
DRVN 10Q Filed 6/11/2026:
89
RH 10Q Filed 6/11/2026:
89
ONAR 10K Filed 6/11/2026:
67
NAVN 10Q Filed 6/11/2026:
95
 

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