Perella Weinberg Partners (PWP) 10-Q 4 Aug 23 2023 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2023	Jul. 31, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	001-39558
Entity Registrant Name	PERELLA WEINBERG PARTNERS
Entity Incorporation State Country Code	DE
Entity Tax Identification Number	84-1770732
Entity Address, Address Line One	767 Fifth Avenue
Entity Address City Or Town	New York
Entity Address State Or Province	NY
Entity Address, Postal Zip Code	10153
City Area Code	212
Local Phone Number	287-3200
Title of 12(b) Security	Class A Common Stock, par value $0.0001 per share
Trading Symbol	PWP
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Central Index Key	0001777835
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false
Class A Common Stock, par value $0.0001 per share
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		41,633,454
Class B Common Stock, par value $0.0001 per share
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		43,778,015

Condensed Consolidated Statemen

Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Assets
Cash and cash equivalents	$ 129,761	$ 171,570
Restricted cash	2,649	2,596
Investments in short-term marketable debt securities	50,004	140,110
Accounts receivable, net of allowance	50,959	67,906
Fixed assets, net of accumulated depreciation and amortization	70,977	48,390
Intangible assets, net of accumulated amortization	22,482	25,772
Goodwill	34,383	34,383
Prepaid expenses and other assets	33,819	36,190
Right-of-use lease assets	147,631	153,720
Deferred tax assets, net	35,938	33,094
Total assets	582,102	717,093
Liabilities and Equity
Accrued compensation and benefits	90,409	217,011
Accounts payable, accrued expenses and other liabilities	34,808	46,336
Deferred revenue	2,178	5,014
Lease liabilities	171,323	165,601
Amount due pursuant to tax receivable agreement	25,116	22,991
Total liabilities	323,834	456,953
Commitments and contingencies
Preferred stock, value, issued	0	0
Additional paid-in-capital	279,317	242,129
Retained earnings (accumulated deficit)	(32,616)	(18,071)
Accumulated other comprehensive income (loss)	(4,822)	(6,538)
Treasury stock, at cost (12,745,526 and 10,492,286 shares of Class A common stock at June 30, 2023 and December 31, 2022, respectively)	(101,074)	(80,067)
Total Perella Weinberg Partners equity	140,814	137,462
Non-controlling interests	117,454	122,678
Total equity	258,268	260,140
Total liabilities and equity	582,102	717,093
Related Party
Assets
Due from related parties	3,499	3,362
Class A common stock
Liabilities and Equity
Common stock value	5	5
Class B common stock
Liabilities and Equity
Common stock value	$ 4	$ 4

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Financial Condition (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Other Receivable, after Allowance for Credit Loss, Current, Related and Nonrelated Party Status [Extensible Enumeration]	Related Party	Related Party
Preferred stock par or stated value per share (in Dollars per Share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in Shares)	100,000,000	100,000,000
Preferred stock, shares outstanding (in shares)	0	0
Preferred stock, shares issued (in shares)	0	0
Class A common stock
Common stock par value (in Dollars per Share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in Shares)	1,500,000,000	1,500,000,000
Common stock, shares issued (in Shares)	54,371,216	52,237,247
Common stock shares outstanding (in Shares)	41,625,690	41,744,961
Treasury stock, shares (in Shares)	12,745,526	10,492,286
Class B common stock
Common stock par value (in Dollars per Share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in Shares)	600,000,000	600,000,000
Common stock, shares issued (in Shares)	43,778,015	44,563,877
Common stock shares outstanding (in Shares)	43,778,015	44,563,877

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues	$ 165,545	$ 151,104	$ 296,971	$ 302,980
Expenses
Compensation and benefits	106,216	90,587	176,179	177,832
Equity-based compensation	42,212	36,427	89,883	77,317
Total compensation and benefits	148,428	127,014	266,062	255,149
Professional fees	8,737	7,419	16,290	17,722
Technology and infrastructure	9,293	7,521	17,805	15,077
Rent and occupancy	6,678	5,378	14,092	11,107
Travel and related expenses	4,726	3,641	9,500	5,935
General, administrative and other expenses	5,796	6,491	11,190	11,766
Depreciation and amortization	3,639	2,653	6,474	5,596
Total expenses	187,297	160,117	341,413	322,352
Operating income (loss)	(21,752)	(9,013)	(44,442)	(19,372)
Non-operating income (expenses)
Change in fair value of warrant liabilities	0	10,094	0	22,100
Total non-operating income (expenses)	(1,061)	14,820	(505)	29,227
Income (loss) before income taxes	(22,813)	5,807	(44,947)	9,855
Income tax expense (benefit)	(4,543)	3,141	743	6,137
Net income (loss)	(18,270)	2,666	(45,690)	3,718
Less: Net income (loss) attributable to non-controlling interests	(18,629)	(6,599)	(40,926)	(14,441)
Net income (loss) attributable to Perella Weinberg Partners	359	9,265	(4,764)	18,159
Related Party
Non-operating income (expenses)
Related party income	276	950	549	1,508
Other income (expense)	276	950	549	1,508
Nonrelated Party
Non-operating income (expenses)
Related party income	(1,337)	3,776	(1,054)	5,619
Other income (expense)	$ (1,337)	$ 3,776	$ (1,054)	$ 5,619

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (18,270)	$ 2,666	$ (45,690)	$ 3,718
Foreign currency translation gain (loss), net of tax	1,898	(5,177)	3,483	(7,279)
Comprehensive income (loss)	(16,372)	(2,511)	(42,207)	(3,561)
Less: Comprehensive income (loss) attributable to non-controlling interests	(17,661)	(9,228)	(39,159)	(18,131)
Comprehensive income (loss) attributable to Perella Weinberg Partners	$ 1,289	$ 6,717	$ (3,048)	$ 14,570

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($) $ in Thousands	Total	Class A common stock	Class B common stock	Common Stock Class A common stock	Common Stock Class B common stock	Treasury Stock	Additional Paid-In Capital	Retained Earnings (Accumulated Deficit)	Accumulated Other Comprehensive Income (Loss)	Non- Controlling Interests
Beginning balance (in shares) at Dec. 31, 2021				43,649,319	50,154,199
Beginning treasury stock balance (in shares) at Dec. 31, 2021						(1,000,000)
Beginning Balance at Dec. 31, 2021	$ 271,352			$ 4	$ 5	$ (12,000)	$ 158,131	$ (18,075)	$ (1,746)	$ 145,033
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	1,052							8,894		(7,842)
Equity-based awards	41,405						22,695			18,710
Distributions to partners	(15,823)									(15,823)
Issuance of Class A common stock for vested PWP incentive plan awards (in shares)				601,098
Withholding payments on vested PWP Incentive Plan Awards	(6,075)						(6,075)
Dividends declared ($0.07 per share of Class A common stock)	(4,113)						116	(4,229)
Foreign currency translation gain (loss), net of tax	(2,102)								(1,040)	(1,062)
Other	1,999						734			1,265
Issuance of Class A common stock and exchange of PWP OpCo Units with corresponding Class B common stock for cash using Offering proceeds (Note 11—Stockholders' Equity) (in shares)				3,502,033	(3,498,534)
Issuance of Class A common stock and exchange of PWP OpCo Units with corresponding Class B common stock for cash using Offering proceeds (Note 9—Stockholders’ Equity)	(537)			$ 1			(538)
Exchange of PWP OpCo Units and corresponding Class B common stock for Class A common stock (Note 11—Stockholders' Equity) (in shares)				337,048	(336,712)
Exchange of PWP OpCo Units and corresponding Class B common stock for Class A common stock (Note 9—Stockholders’ Equity)	17						17
Treasury stock purchase (in Shares)						(172,303)
Treasury stock purchase	(1,598)					$ (1,598)
Change in ownership interests	0						4,665			(4,665)
Ending balance (in shares) at Mar. 31, 2022				48,089,498	46,318,953
Ending treasury stock balance (in shares) at Mar. 31, 2022						(1,172,303)
Ending Balance at Mar. 31, 2022	285,577			$ 5	$ 5	$ (13,598)	179,745	(13,410)	(2,786)	135,616
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividend declared (in Dollars per Share)		$ 0.07
Beginning balance (in shares) at Dec. 31, 2021				43,649,319	50,154,199
Beginning treasury stock balance (in shares) at Dec. 31, 2021						(1,000,000)
Beginning Balance at Dec. 31, 2021	271,352			$ 4	$ 5	$ (12,000)	158,131	(18,075)	(1,746)	145,033
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	3,718
Foreign currency translation gain (loss), net of tax	(7,279)
Exchange of PWP OpCo Units and corresponding Class B common stock for Class A common stock (Note 11—Stockholders' Equity) (in shares)				966,639
Treasury stock purchase (in Shares)		(6,440,207)
Treasury stock purchase		$ (45,300)
Ending balance (in shares) at Jun. 30, 2022				48,785,205	45,689,988
Ending treasury stock balance (in shares) at Jun. 30, 2022						(7,440,207)
Ending Balance at Jun. 30, 2022	268,813			$ 5	$ 5	$ (57,287)	203,861	(8,834)	(5,334)	136,397
Beginning balance (in shares) at Mar. 31, 2022				48,089,498	46,318,953
Beginning treasury stock balance (in shares) at Mar. 31, 2022						(1,172,303)
Beginning Balance at Mar. 31, 2022	285,577			$ 5	$ 5	$ (13,598)	179,745	(13,410)	(2,786)	135,616
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	2,666							9,265		(6,599)
Equity-based awards	36,957						18,432			18,525
Distributions to partners	(2,856)
Issuance of Class A common stock for vested PWP incentive plan awards (in shares)				66,116
Withholding payments on vested PWP Incentive Plan Awards	(359)						(359)
Dividends declared ($0.07 per share of Class A common stock)	(4,555)						134	(4,689)
Foreign currency translation gain (loss), net of tax	(5,177)								(2,548)	(2,629)
Other	(14)						(8)			(6)
Exchange of PWP OpCo Units and corresponding Class B common stock for Class A common stock (Note 11—Stockholders' Equity) (in shares)				629,591	(628,965)
Exchange of PWP OpCo Units and corresponding Class B common stock for Class A common stock (Note 9—Stockholders’ Equity)	263						263
Treasury stock purchase (in Shares)		(6,267,904)				(6,267,904)
Treasury stock purchase	(43,689)	$ (43,700)				$ (43,689)
Change in ownership interests	0						5,654			(5,654)
Ending balance (in shares) at Jun. 30, 2022				48,785,205	45,689,988
Ending treasury stock balance (in shares) at Jun. 30, 2022						(7,440,207)
Ending Balance at Jun. 30, 2022	268,813			$ 5	$ 5	$ (57,287)	203,861	(8,834)	(5,334)	136,397
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividend declared (in Dollars per Share)		$ 0.07
Beginning balance (in shares) at Dec. 31, 2022		41,744,961	44,563,877	52,237,247	44,563,877
Beginning treasury stock balance (in shares) at Dec. 31, 2022		(10,492,286)				(10,492,286)
Beginning Balance at Dec. 31, 2022	260,140			$ 5	$ 4	$ (80,067)	242,129	(18,071)	(6,538)	122,678
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(27,420)							(5,123)		(22,297)
Equity-based awards	48,266						27,932			20,334
Distributions to partners	(3,119)									(3,119)
Issuance of Class A common stock for vested PWP incentive plan awards (in shares)				1,250,162		99,057
Issuance of Class A common stock for vested PWP Incentive Plan Awards	0					$ 1,189	(1,189)
Withholding payments on vested PWP Incentive Plan Awards	(11,356)						(11,356)
Dividends declared ($0.07 per share of Class A common stock)	(4,756)						169	(4,925)
Foreign currency translation gain (loss), net of tax	1,585								786	799
Other	(31)						(14)			(17)
Exchange of PWP OpCo Units and corresponding Class B common stock for Class A common stock (Note 11—Stockholders' Equity) (in shares)				786,644	(785,862)
Exchange of PWP OpCo Units and corresponding Class B common stock for Class A common stock (Note 9—Stockholders’ Equity)	457						457
Treasury stock purchase (in Shares)						(1,457,304)
Treasury stock purchase	(14,754)					$ (14,754)
Change in ownership interests	0						2,678			(2,678)
Ending balance (in shares) at Mar. 31, 2023				54,274,053	43,778,015
Ending treasury stock balance (in shares) at Mar. 31, 2023						(11,850,533)
Ending Balance at Mar. 31, 2023	249,012			$ 5	$ 4	$ (93,632)	260,806	(28,119)	(5,752)	115,700
Beginning balance (in shares) at Dec. 31, 2022		41,744,961	44,563,877	52,237,247	44,563,877
Beginning treasury stock balance (in shares) at Dec. 31, 2022		(10,492,286)				(10,492,286)
Beginning Balance at Dec. 31, 2022	260,140			$ 5	$ 4	$ (80,067)	242,129	(18,071)	(6,538)	122,678
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(45,690)
Foreign currency translation gain (loss), net of tax	3,483
Exchange of PWP OpCo Units and corresponding Class B common stock for Class A common stock (Note 11—Stockholders' Equity) (in shares)				786,644
Treasury stock purchase (in Shares)		(2,376,683)
Treasury stock purchase		$ (22,500)
Ending balance (in shares) at Jun. 30, 2023		41,625,690	43,778,015	54,371,216	43,778,015
Ending treasury stock balance (in shares) at Jun. 30, 2023		(12,745,526)				(12,745,526)
Ending Balance at Jun. 30, 2023	258,268			$ 5	$ 4	$ (101,074)	279,317	(32,616)	(4,822)	117,454
Beginning balance (in shares) at Mar. 31, 2023				54,274,053	43,778,015
Beginning treasury stock balance (in shares) at Mar. 31, 2023						(11,850,533)
Beginning Balance at Mar. 31, 2023	249,012			$ 5	$ 4	$ (93,632)	260,806	(28,119)	(5,752)	115,700
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(18,270)							359		(18,629)
Equity-based awards	42,580						24,173			18,407
Distributions to partners	(5,692)									(5,692)
Issuance of Class A common stock for vested PWP incentive plan awards (in shares)				97,163		24,386
Issuance of Class A common stock for vested PWP Incentive Plan Awards	6					$ 293	(189)
Withholding payments on vested PWP Incentive Plan Awards	(453)						(453)
Dividends declared ($0.07 per share of Class A common stock)	(4,602)						156	(4,758)
Foreign currency translation gain (loss), net of tax	1,898								930	968
Other	1,524						747			777
Exchange of PWP OpCo Units and corresponding Class B common stock for Class A common stock (Note 11—Stockholders' Equity) (in shares)				0	0
Treasury stock purchase (in Shares)		(919,379)				(919,379)
Treasury stock purchase	(7,735)	$ (7,700)				$ (7,735)
Change in ownership interests	0						(5,923)			5,923
Ending balance (in shares) at Jun. 30, 2023		41,625,690	43,778,015	54,371,216	43,778,015
Ending treasury stock balance (in shares) at Jun. 30, 2023		(12,745,526)				(12,745,526)
Ending Balance at Jun. 30, 2023	$ 258,268			$ 5	$ 4	$ (101,074)	$ 279,317	$ (32,616)	$ (4,822)	$ 117,454
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividend declared (in Dollars per Share)		$ 0.07

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Changes in Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2022
Class A common stock
Dividend declared (in Dollars per Share)	$ 0.07	$ 0.07	$ 0.07

Condensed Consolidated Statem_7

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities
Net income (loss)	$ (45,690)	$ 3,718
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Equity-based awards vesting expense	90,846	78,362
Depreciation and amortization	6,474	5,596
Change in fair value of warrant liabilities	0	(22,100)
Foreign currency revaluation	1,401	0
Non-cash operating lease expense	7,006	7,694
Deferred taxes	343	(1,217)
Other	1,144	1,250
Decrease (increase) in operating assets:
Accounts receivable, net of allowance	16,431	4,691
Due from related parties	(138)	587
Prepaid expenses and other assets	1,364	1,336
Increase (decrease) in operating liabilities:
Accrued compensation and benefits	(126,207)	(212,126)
Accounts payable, accrued expenses and other liabilities	(5,127)	(1,246)
Deferred revenue	(2,906)	(2,966)
Lease liabilities	4,692	(8,819)
Amount due pursuant to tax receivable agreement	(472)	0
Net cash provided by (used in) operating activities	(50,839)	(145,240)
Cash flows from investing activities
Purchases of fixed assets	(34,829)	(3,959)
Purchases of investments in short-term marketable debt securities	(49,733)	(115,001)
Maturities of investments in short-term marketable debt securities	140,551	0
Other	488	0
Net cash provided by (used in) investing activities	56,477	(118,960)
Cash flows from financing activities
Proceeds from the Offering, net of underwriting discount	0	36,526
Exchange of PWP OpCo Units and corresponding Class B common stock for cash using Offering proceeds	0	(36,526)
Payment of offering costs	0	(798)
Distributions to partners	(8,811)	(18,679)
Dividends paid on Class A and Class B common stock	(6,502)	(6,569)
Withholding payments for vested PWP Incentive Plan Awards	(11,809)	(6,434)
Treasury stock purchases	(22,489)	(44,740)
Net cash provided by (used in) financing activities	(49,611)	(77,220)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	2,217	(10,331)
Net increase (decrease) in cash, cash equivalents and restricted cash	(41,756)	(351,751)
Cash, cash equivalents and restricted cash, beginning of period	174,166	504,775
Cash, cash equivalents and restricted cash, end of period	132,410	153,024
Supplemental disclosure of non-cash activities
Lease liabilities arising from obtaining right-of-use lease assets	178	67,876
Accrued capital expenditures	6,906	0
Accrued dividends and dividend equivalent units on unvested PWP Incentive Plan Awards	3,781	2,721
Non-cash paydown of Partner promissory notes	1,547	2,567
Deferred tax effect resulting from exchanges of PWP OpCo Units, net of amounts payable under tax receivable agreement	457	1,061
Accrued treasury stock purchases	0	547
Pending broker-to-broker trades	0	2,364
Supplemental disclosures of cash flow information
Cash paid for income taxes	$ 4,185	$ 8,925

Organization and Nature of Busi

Organization and Nature of Business	6 Months Ended
	Jun. 30, 2023
Organization and Nature of Business Abstract
Organization and Nature of Business	Note 1—Organization and Nature of Business Perella Weinberg Partners and its consolidated subsidiaries, including PWP Holdings LP (“PWP OpCo”) (collectively, “PWP” and the “Company”), is a global independent advisory firm that provides strategic and financial advice to a wide range of clients. The Company’s activities as an investment banking advisory firm constitute a single business segment that provides a range of advisory services, including advice related to mission-critical strategic and financial decisions, mergers and acquisitions (“M&A”) execution, shareholder and defense advisory, financing and capital solutions advice with resources focused on restructuring and liability management, capital markets advisory, private capital placement, as well as specialized underwriting and research services primarily for the energy and related industries. Perella Weinberg Partners (formerly known as FinTech Acquisition Corp. IV (“FTIV”)) was incorporated in Delaware on November 20, 2018 as a special purpose acquisition company for the purpose of acquiring businesses or assets through a business combination. On June 24, 2021, the Company consummated a business combination pursuant to a Business Combination Agreement among various parties, resulting in FTIV acquiring partnership interests in PWP OpCo, and PWP OpCo becoming jointly-owned by Perella Weinberg Partners, PWP Professional Partners LP (“Professional Partners”) and existing partners, as part of an umbrella limited partnership C-corporation (Up-C) structure (the “Business Combination”).

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2—Summary of Significant Accounting Policies Basis of Presentation The unaudited condensed consolidated financial statements reflect the financial condition, results of operations and cash flows of the Company and have been prepared in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”). All intercompany balances and transactions between the consolidated subsidiaries comprising the Company have been eliminated in the accompanying condensed consolidated financial statements. These condensed consolidated financial statements and notes thereto are unaudited, and as permitted by the interim reporting rules and regulations set forth by the Securities and Exchange Commission (the “SEC”), exclude certain financial information and note disclosures normally included in annual audited financial statements prepared in accordance with U.S. GAAP. Accordingly, these condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2022 included in the Company’s Annual Report on Form 10-K. The condensed consolidated financial statements reflect all material adjustments of a normal recurring nature that, in the opinion of management, are necessary for a fair presentation of the results for the interim periods. Consolidation The Company’s policy is to consolidate entities in which the Company has a controlling financial interest and variable interest entities where the Company is deemed to be the primary beneficiary. The Company is deemed to be the primary beneficiary of a variable interest entity (“VIE”) when it has both (i) the power to make the decisions that most significantly affect the economic performance of the VIE and (ii) the obligation to absorb significant losses or the right to receive benefits that could potentially be significant to the VIE. PWP is the primary beneficiary of and consolidates PWP OpCo, a VIE. As of June 30, 2023 and December 31, 2022, the net assets of PWP OpCo were $239.5 million and $237.9 million, respectively. As of June 30, 2023 and December 31, 2022, the Company did not consolidate any VIEs other than PWP OpCo. Use of Estimates The preparation of the condensed consolidated financial statements and related disclosures in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates and the assumptions underlying these estimates are reviewed periodically, and the effects of revisions are reflected in the period in which they are determined to be necessary. In preparing the condensed consolidated financial statements, management makes estimates regarding the measurement of amount due pursuant to the tax receivable agreement, measurement and timing of revenue recognition, assumptions used in the provision for income taxes, measurement of equity-based compensation, evaluation of goodwill and intangible assets, fair value measurement of financial instruments, and other matters that affect the reported amounts and disclosures of contingencies in the condensed consolidated financial statements. Cash, Cash Equivalents and Restricted Cash Cash includes both cash and interest-bearing money market accounts and cash equivalents are defined as highly liquid investments with original maturities of three months or less from the date of purchase. As of June 30, 2023 and December 31, 2022, the Company had no cash equivalents. The Company maintains cash with banks and brokerage firms, which from time to time may exceed federally insured limits. Restricted cash represents cash that is not readily available for general purpose cash needs. As of June 30, 2023 and December 31, 2022, the Company had restricted cash of $2.6 million maintained as collateral for letters of credit related to certain office leases. A reconciliation of the Company’s cash, cash equivalents and restricted cash as of June 30, 2023 and June 30, 2022 is presented below: June 30, 2023 2022 Cash $ 129,761 $ 150,286 Cash equivalents — — Restricted cash 2,649 2,738 Cash, cash equivalents and restricted cash as shown on statements of cash flows $ 132,410 $ 153,024 Foreign Currencies In the normal course of business, the Company and its subsidiaries may enter into transactions denominated in a non-functional currency. The Company recognized net foreign exchange gains (losses) arising from such transactions of $(1.1) million and $(2.2) million during the three and six months ended June 30, 2023, respectively, and $3.8 million and $5.2 million for the three and six months ended June 30, 2022, respectively, which are included in Other income (expense) in the Condensed Consolidated Statements of Operations. In addition, the Company consolidates its foreign subsidiaries that have non-U.S. dollar functional currencies. Non-U.S. dollar denominated assets and liabilities are translated to U.S. dollars at the exchange rate prevailing at the reporting date and income, expenses, gains and losses are generally translated using the average exchange rate throughout the period. Cumulative translation adjustments arising from the translation of non-U.S. dollar denominated operations are included as a component of Accumulated other comprehensive income (loss) in the Condensed Consolidated Statements of Changes in Equity. Recently Adopted Accounting Pronouncements There were no recently adopted accounting pronouncements that had a material effect on the Company’s condensed consolidated financial statements. Future Adoption of Accounting Pronouncements No changes to U.S. GAAP that are not yet effective are expected to have a material effect on the Company’s condensed consolidated financial statements.

Revenue and Receivables from Co

Revenue and Receivables from Contracts with Customers	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue and Receivables from Contracts with Customers	Note 3—Revenue and Receivables from Contracts with Customers The following table disaggregates the Company’s revenue between over time and point in time recognition: Three Months Ended Six Months Ended 2023 2022 2023 2022 Over time $ 157,469 $ 149,287 $ 281,798 $ 295,885 Point in time 8,076 1,817 15,173 7,095 Total revenues $ 165,545 $ 151,104 $ 296,971 $ 302,980 Reimbursable expenses billed to clients were $1.3 million and $2.5 million for the three and six months ended June 30, 2023, respectively, and $0.9 million and $1.3 million for the three and six months ended June 30, 2022, respectively. Remaining Performance Obligations and Revenue Recognized from Past Performance As of June 30, 2023, the aggregate amount of the transaction price, as defined in the Accounting Standards Codification (“ASC”), allocated to performance obligations yet to be satisfied was $1.7 million, and the Company generally expects to recognize this revenue within the next 12 months. Such amounts primarily relate to the Company’s performance obligations of providing transaction-related advisory services. The Company recognized revenue of $86.8 million and $181.0 million during the three and six months ended June 30, 2023, respectively, and $103.7 million and $223.6 million during the three and six months ended June 30, 2022, respectively, related to performance obligations that were satisfied or partially satisfied in prior periods. These amounts were recognized upon the resolution of revenue constraints and uncertainties in the respective periods and were generally related to transaction-related advisory services. Contract Balances As of June 30, 2023 and December 31, 2022, the Company recorded $2.2 million and $5.0 million, respectively, for contract liabilities which are presented as Deferred revenue on the Condensed Consolidated Statements of Financial Condition. The Company recognized revenue of $1.2 million and $3.4 million for the three and six months ended June 30, 2023, respectively, and $2.8 million and $4.9 million for the three and six months ended June 30, 2022, respectively, of the respective beginning deferred revenue balance, which was primarily related to transaction-related advisory services that are recognized over time. Accounts Receivable and Allowance for Credit Losses As of June 30, 2023 and December 31, 2022, $6.6 million and $5.1 million, respectively, of accrued revenue was included in Accounts receivable, net of allowance on the Condensed Consolidated Statements of Financial Condition. These amounts represent amounts due from clients and are recognized as revenue in accordance with the Company’s revenue recognition policies but unbilled at the end of the period. As of June 30, 2023, certain accounts receivable in the aggregate amount of $20.7 million were individually greater than 10% of the Company’s gross accounts receivable and were concentrated with two clients. Of that amount, all was subsequently received after June 30, 2023. As of December 31, 2022, certain accounts receivable in the aggregate amount of $28.4 million, were greater than 10% of the Company’s gross accounts receivable and were concentrated with two clients. Of that amount, all was subsequently received after year end. The allowance for credit losses activity for the three and six months ended June 30, 2023 and 2022 was as follows: Three Months Ended Six Months Ended 2023 2022 2023 2022 Beginning balance $ 1,227 $ 1,378 $ 1,143 $ 1,851 Bad debt expense 903 1,388 1,065 1,672 Write-offs (198) (30) (281) (760) Recoveries 82 — 82 — Foreign currency translation and other adjustments 7 (11) 12 (38) Ending balance $ 2,021 $ 2,725 $ 2,021 $ 2,725

Leases

Leases	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Leases	Note 4—Leases The Company leases office space and certain office equipment under operating lease agreements. See the summary below of significant new leases and lease modifications. During the first half of 2022, the Company entered into amendments to its New York and Los Angeles office leases, as well as a new 12-year lease agreement related to the relocation of the Company’s United Kingdom (“U.K.”) office in London. The New York lease amendment extended the term of the lease by approximately 16 years with an expiration of December 31, 2039. The amended term of the Los Angeles lease is scheduled to expire on December 31, 2032. In the second quarter of 2022, the Company’s amended Los Angeles lease commenced and the amended New York lease partially commenced resulting in an increase to Lease liabilities and a corresponding increase to Right-of-use lease assets of $66.3 million. In the third quarter of 2022, the New York lease became fully commenced and the London lease also commenced, which resulted in an additional $62.3 million increase to Lease liabilities and a corresponding increase to Right-of-use lease assets. Other information as it relates to the Company’s operating leases was as follows: June 30, 2023 December 31, 2022 Weighted-average discount rate - operating leases 4.6% 4.6% Weighted-average remaining lease term - operating leases 14.7 years 14.9 years Three Months Ended Six Months Ended 2023 2022 2023 2022 Operating lease cost $ 5,388 $ 4,226 $ 10,772 $ 8,861 Variable lease cost 594 565 1,944 1,007 Sublease income - operating leases (160) (160) (319) (363) Total net lease cost $ 5,822 $ 4,631 $ 12,397 $ 9,505 Net cash outflows (inflows) on operating leases (1) $ (2,857) $ 4,975 $ (466) $ 9,963 __________________ (1) Presented net of lease incentives received, including landlord contributions to tenant improvements. As of June 30, 2023, the maturities of undiscounted operating lease liabilities of the Company are as follows: Years Ending: Operating Leases Sublease Income Net Remainder of 2023 $ (2,881) $ 77 $ (2,958) 2024 7,454 — 7,454 2025 18,367 — 18,367 2026 19,442 — 19,442 2027 18,608 — 18,608 Thereafter 188,581 — 188,581 Total lease payments (1) 249,571 $ 77 $ 249,494 Less: Imputed Interest (78,248) Total lease liabilities $ 171,323 __________________ (1) Future lease payments are presented net of expected lease incentives, including landlord contributions to tenant improvements. Refer to Note 16—Related Party Transactions for information regarding the Company’s subleasing arrangements.

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible Assets	Note 5—Intangible Assets The following table provides the detail of the intangible assets: June 30, 2023 Gross Amount Accumulated Amortization Net Customer relationships $ 47,400 $ (31,205) $ 16,195 Trade names and trademarks 18,400 (12,113) 6,287 Total $ 65,800 $ (43,318) $ 22,482 December 31, 2022 Gross Amount Accumulated Amortization Net Customer relationships $ 47,400 $ (28,835) $ 18,565 Trade names and trademarks 18,400 (11,193) 7,207 Total $ 65,800 $ (40,028) $ 25,772

Regulatory Requirements

Regulatory Requirements	6 Months Ended
	Jun. 30, 2023
Regulatory Requirements [Abstract]
Regulatory Requirements	Note 6—Regulatory Requirements The Company has a number of consolidated subsidiaries registered as broker-dealers with regulatory agencies in their respective countries, including the SEC, the Financial Industry Regulatory Authority (“FINRA”), the Canadian Investment Regulatory Organization (“CIRO,” formerly the Investment Industry Regulatory Organization of Canada or “IIROC”), the Financial Conduct Authority (“FCA”) of the U.K. and the Autorité de contrôle prudentiel et de resolution (“ACPR”) of France. None of the SEC regulated subsidiaries hold funds or securities for, or owe money or securities to clients or carry accounts of or for clients, and as such are all exempt from the SEC Customer Protection Rule (Rule 15c3-3). As of June 30, 2023 and December 31, 2022, all regulated subsidiaries were in excess of their applicable minimum capital requirements. As a result of the minimum capital requirements and various regulations on these broker dealers, a portion of the capital of each subsidiary of the Company is restricted and may be unavailable to pay its creditors.

Fixed Assets

Fixed Assets	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Fixed Assets	Note 7—Fixed Assets Fixed assets are recorded at cost less accumulated depreciation and amortization and consist of the following as of June 30, 2023 and December 31, 2022: June 30, 2023 December 31, 2022 Leasehold improvements $ 65,616 $ 76,389 Furniture and fixtures 11,283 15,313 Equipment 21,111 21,382 Software 5,920 6,945 Total 103,930 120,029 Less: Accumulated depreciation and amortization (32,953) (71,639) Fixed assets, net $ 70,977 $ 48,390 Depreciation expense related to fixed assets was $1.9 million and $3.0 million for the three and six months ended June 30, 2023, respectively, and $0.8 million and $1.8 million for the three and six months ended June 30, 2022, respectively. Amortization expense related to software development costs was $0.1 million and $0.2 million for the three and six months ended June 30, 2023, respectively, and $0.3 million and $0.5 million for the three and six months ended June 30, 2022, respectively. During the six months ended June 30, 2023, the Company disposed of certain assets, substantially all of which were fully depreciated and related to the renovations and relocation of the New York and London office space. Leasehold improvement assets capitalized during the six months ended June 30, 2023 were largely related to build-out projects associated with new or amended office leases in New York and London. Refer to Note 4—Leases for further information.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Note 8—Income Taxes The following table summarizes the Company’s tax position for the periods presented: Three Months Ended Six Months Ended 2023 2022 2023 2022 Income (loss) before income taxes $ (22,813) $ 5,807 $ (44,947) $ 9,855 Income tax expense (benefit) $ (4,543) $ 3,141 $ 743 $ 6,137 Effective income tax rate 19.9 % 54.1 % (1.7) % 62.3 % The Company’s overall effective tax rate in each of the periods presented above varies from the U.S. federal statutory rate primarily because (i) a portion of the Company’s income is allocated to non-controlling interests held in PWP OpCo in which the majority of any tax liability on such income is borne by the holders of such non-controlling interests and reported outside of the condensed consolidated financial statements, (ii) a portion of the Company’s compensation expense is non-deductible for tax purposes, and (iii) during the three and six months ended June 30, 2023, the Company recognized a previously unrecognized tax benefit at one of its foreign subsidiaries, as referenced below.

Stockholder's Equity

Stockholder's Equity	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Stockholder's Equity	Note 9—Stockholders’ Equity Share Repurchase Program The Company’s Board of Directors approved a stock repurchase program on February 16, 2022 under which the Company is authorized to repurchase up to $100.0 million of the Company’s Class A common stock, and on February 8, 2023, the Board approved an incremental $100.0 million, in each case with no requirement to purchase any minimum number of shares. The manner, timing, pricing and amount of any transactions will be subject to the Company’s discretion. During the three and six months ended June 30, 2023, the Company purchased 919,379 and 2,376,683 shares, respectively, resulting in an increase of $7.7 million and $22.5 million, respectively, at cost, to Treasury stock on the Company’s Condensed Consolidated Statement of Financial Condition. During the three and six months ended June 30, 2022, the Company purchased 6,267,904 and 6,440,207 shares, respectively, resulting in an increase of $43.7 million and $45.3 million, respectively, at cost, to Treasury stock on the Company’s Condensed Consolidated Statement of Financial Condition. The 11,920,699 shares purchased since inception of the share repurchase program through June 30, 2023 were purchased at an average price per share of $7.65. Non-Controlling Interests Perella Weinberg Partners owns less than 100% of the economic interests in PWP OpCo with the remaining interests held by non-controlling interests. As of June 30, 2023, PWP held a 48.8% ownership interest in PWP OpCo. Professional Partners and the ILPs owned 43,778,015 PWP OpCo Units as of June 30, 2023, which represented a 51.2% non-controlling ownership interest in PWP OpCo. These PWP OpCo Units are exchangeable into PWP Class A common stock on a one-for-one basis. Class B-1 and Class B-2 common stock have de minimis economic rights. PWP OpCo Limited Partnership Agreement Exchange Rights In accordance with the Amended and Restated Agreement of Limited Partnership of PWP OpCo, dated as of June 24, 2021 (as amended, restated, modified or supplemented from time to time, the “PWP OpCo LPA”), holders of PWP OpCo Units (“PWP OpCo Unitholders”) (other than the Company) may exchange these units for (i) shares of Class A common stock on a one-for-one basis or (ii) cash from an offering of shares of Class A common stock with the form of consideration determined by the Company. Concurrently with an exchange of PWP OpCo Units for shares of Class A common stock or cash by a PWP OpCo Unitholder who also holds shares of Class B common stock, such PWP OpCo Unitholder will be required to surrender to the Company a number of shares of Class B common stock equal to the number of PWP OpCo Units exchanged, and such shares will be converted into shares of Class A common stock or cash (at the Company’s option) which will be delivered to such PWP OpCo Unitholder at a conversion rate of 0.001. On January 21, 2022, the Company closed a follow-on public offering of 3,502,033 shares of Class A common stock (the “Offering”) at a public offering price of $10.75 per share for total gross proceeds of $37.6 million, before deducting underwriting discounts and commissions. All proceeds from the Offering, net of the underwriting discounts and commissions of $0.32 per share or an aggregate of $1.1 million, were used by the Company to settle an exchange of certain PWP OpCo Units and certain shares of Class B common stock. Under the terms of the underwriting agreement, directors, officers and certain significant shareholders signed customary lockup agreements with respect to their ownership of Class A common stock. Total deferred offering costs of $1.3 million for the Offering were netted against the proceeds of the offering in Additional paid-in-capital on the Condensed Consolidated Statements of Financial Condition.

Debt

Debt	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Debt	Note 10—Debt As of June 30, 2023, and December 31, 2022, the Company had no outstanding debt. The Company has a revolving credit facility (the “Revolving Credit Facility”) through a credit agreement with Cadence Bank, N.A. (“Cadence Bank”), dated November 30, 2016 (as amended, the “Credit Agreement”), with an available line of credit of $50 million with up to $20 million of available incremental revolving commitments. The Company incurred $1.8 million in issuance costs related to the Credit Agreement, which were amortized as interest expense using the effective interest method over the life of the Revolving Credit Facility. Interest expense related to the Revolving Credit Facility was immaterial during the three and six months ended June 30, 2023 and June 30, 2022 and is included within Other income (expense) on the Condensed Consolidated Statements of Operations. Unamortized debt issuance costs of $0.3 million and $0.4 million, as of June 30, 2023 and December 31, 2022, respectively are reported within Prepaid expenses and other assets on the Condensed Consolidated Statements of Financial Position. On June 30, 2023, the Credit Agreement was amended to provide for Term SOFR as the replacement benchmark rate for LIBOR, such that future SOFR-based loans will accrue interest at Term SOFR plus (i) a 0.10%-0.25% per annum spread based on interest payment frequency (with an adjusted Term SOFR floor of 0.25%) and (ii) a fixed rate of 2.00% per annum.

Warrants

Warrants	6 Months Ended
	Jun. 30, 2023
Warrants Abstract
Warrants	Note 11—Warrants Warrant Exchange As of June 30, 2023 and December 31, 2022, the Company had no warrants outstanding. On August 23, 2022, the Company concluded an offer to holders of its outstanding warrants which provided such holders the opportunity to receive 0.20 shares of the Company’s Class A common stock in exchange for each warrant tendered by such holders. This offer coincided with a solicitation of consents from holders of the public warrants to amend the warrant agreement (together, the “Warrant Exchange Offer”). Further information regarding the Company’s warrants is described in Note 12—Warrants in the Notes to Consolidated Financial Statements in “Part II. Item 8. Financial Statements and Supplementary Data” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. Prior to Warrant Exchange Prior to the Warrant Exchange Offer, each warrant entitled the registered holder to purchase one share of Class A common stock at an exercise price of $11.50 per share. The warrants met the definition of a derivative under ASC Topic 815, Derivatives and Hedging, and as such, the Company recorded these warrants as liabilities at fair value upon the closing of the Business Combination in accordance with ASC Topic 820, Fair Value Measurement, with subsequent changes in their respective fair values recorded in Change in fair value of warrant liabilities on the Condensed Consolidated Statements of Operations.

Equity-Based Compensation

Equity-Based Compensation	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Equity-Based Compensation	Note 12—Equity-Based Compensation Further information regarding the Company’s equity-based compensation awards is described in Note 13—Equity-Based Compensation in the Notes to Consolidated Financial Statements in “Part II. Item 8. Financial Statements and Supplementary Data” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. Concurrent with the Business Combination, the Company adopted the Perella Weinberg Partners 2021 Omnibus Incentive Plan (the “PWP Incentive Plan”), which establishes a plan for the granting of incentive compensation awards measured by reference to PWP Class A common stock (“PWP Incentive Plan Awards”). Under the PWP Incentive Plan, the Company may grant options, stock appreciation rights, restricted stock, restricted stock units (“RSUs”), performance restricted stock units (“PSUs”), stock bonuses, other stock-based awards, cash awards or any combination of the foregoing. The PWP Incentive Plan established a reserve for a one-time grant of awards that occurred in connection with the Business Combination (the “Transaction Pool Reserve”) as well as a reserve for general purpose grants (the “General Share Reserve”). During the third quarter of 2021, in connection with the Business Combination, the Company granted awards (the “Business Combination Awards”) in the form of (i) restricted stock units out of the Transaction Pool Reserve consisting of (a) PSUs that only vest upon the achievement of both service and market conditions and (b) RSUs that vest upon the achievement of service conditions as well as (ii) PSUs out of the General Share Reserve to certain executives and a small number of other partners that vest upon the achievement of both service and market conditions. The Company grants RSU awards out of the General Share Reserve from time to time, which vest upon the achievement of service conditions. Additionally, during the six months ended June 30, 2023, the Company granted PSUs from the General Share Reserve that vest upon the achievement of both service and market conditions. During the six months ended June 30, 2023 and 2022, the Company granted 7,857,726 and 6,449,163 awards, respectively, from the General Share Reserve at a weighted average grant date fair value of $9.61 and $9.90 per award, respectively. Prior to the Business Combination, Professional Partners granted certain equity-based awards to partners providing services to PWP OpCo (the “Legacy Awards”). In connection with the Business Combination, existing Legacy Awards were canceled and replaced by converting each limited partner’s capital interests in Professional Partners attributable to PWP OpCo into (“Professional Partners Awards”). As of June 30, 2023, total unrecognized compensation expense related to all unvested equity-based awards was $347.7 million, which is expected to be recognized over a weighted average period of 2.5 years. The following table presents the expense related to awards that were recorded in Professional fees and components of Equity-based compensation included on the Condensed Consolidated Statements of Operations: Three Months Ended Six Months Ended 2023 2022 2023 2022 Professional fees PWP Incentive Plan Awards $ 368 $ 530 $ 963 $ 1,045 Total Professional fees $ 368 $ 530 $ 963 $ 1,045 Equity-based compensation PWP Incentive Plan Awards $ 23,805 $ 17,902 $ 51,142 $ 40,082 Legacy Awards (1) 3,224 3,338 6,449 6,677 Professional Partners Awards (1) 15,183 15,187 32,292 30,558 Total Equity-based compensation $ 42,212 $ 36,427 $ 89,883 $ 77,317 Income tax benefit of equity-based awards $ 3,065 $ 2,328 $ 6,624 $ 5,567 __________________

Other Compensation and Benefits

Other Compensation and Benefits	6 Months Ended
	Jun. 30, 2023
Compensation Related Costs [Abstract]
Other Compensation and Benefits	Note 13—Other Compensation and Benefits Compensation and benefits includes, but is not limited to, salaries, bonuses (discretionary awards and guaranteed amounts), severance, deferred compensation, benefits and payroll taxes. In all instances, compensation expense is accrued over the requisite service period. Benefit Plans Certain employees participate in employee benefit plans, which consists of defined contribution plans including (i) profit-sharing plans qualified under Section 401(k) of the Internal Revenue Code and (ii) a U.K. pension scheme for U.K. employees and (iii) a Germany pension plan for employees in Germany. Expenses related to the Company’s employee benefit plans were $1.7 million and $3.4 million for the three and six months ended June 30, 2023, respectively, and $1.5 million and $2.9 million for the three and six months ended June 30, 2022, respectively, and are included in Compensation and benefits in the Condensed Consolidated Statements of Operations. Business Realignment During the second quarter of 2023, the Company began a review of the business, which will result in employee reductions in order to improve compensation alignment and to provide greater flexibility to advance strategic opportunities (the “Business Realignment”). In conjunction with the Business Realignment and for each of three and six months ended June 30, 2023, the Company incurred expenses related to separation and transition benefits of $3.8 million and the acceleration of equity-based compensation amortization (net of forfeitures) of $1.3 million, recorded in Compensation and benefits and Equity-based compensation, respectively, on the Condensed Consolidated Statements of Operations. Approximately $18 million of additional expense is expected to be incurred during the second half of 2023. This estimate is based on certain assumptions, and actual results may differ materially if unanticipated costs are incurred related to the Business Realignment. As of June 30, 2023, the $3.3 million obligation related to the Business Realignment was recorded in Accrued compensation and benefits on the Condensed Consolidated Statements of Financial Condition, which reflected payments of $0.5 million made during the six months ended June 30, 2023.

Net Income (Loss) Per Share Att

Net Income (Loss) Per Share Attributable to Class A Common Shareholders	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Net Income (Loss) Per Share Attributable to Class A Common Shareholders	Note 14—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 Six Months Ended 2023 2022 2023 2022 Numerator: Net income (loss) attributable to Perella Weinberg Partners – basic $ 359 $ 9,265 $ (4,764) $ 18,159 Dilutive effect from assumed exchange of PWP OpCo Units, net of tax (16,980) (9,319) (43,859) (18,647) Net income (loss) attributable to Perella Weinberg Partners – diluted $ (16,621) $ (54) $ (48,623) $ (488) Denominator: Weighted average shares of Class A common stock outstanding – basic 42,743,611 44,584,181 42,531,895 45,247,373 Weighted average number of incremental shares from assumed exchange of PWP OpCo Units 43,778,015 46,104,690 44,034,180 46,705,704 Weighted average shares of Class A common stock outstanding – diluted 86,521,626 90,688,871 86,566,075 91,953,077 Net income (loss) per share attributable to Class A common shareholders Basic $ 0.01 $ 0.21 $ (0.11) $ 0.40 Diluted $ (0.19) $ 0.00 $ (0.56) $ (0.01) 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 outstanding warrants (prior to the Warrant Exchange Offer) 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 Six Months Ended 2023 2022 2023 2022 Warrants (1) n/a — n/a — PWP Incentive Plan Awards 275,508 41,654 1,001,289 168,435 Total 275,508 41,654 1,001,289 168,435 __________________ (1) Prior to the Warrant Exchange Offer on August 23, 2022, the warrants were out-of-the-money which resulted in no potentially dilutive shares under the treasury stock method. For the three and six months ended June 30, 2023, the warrants were not outstanding, and thus, they are not applicable. Refer to Note 11—Warrants for further information regarding the Warrant Exchange Offer.

Fair Value Measurements and Inv

Fair Value Measurements and Investments	6 Months Ended
	Jun. 30, 2023
Fair Value Measurements And Investments [Abstract]
Fair Value Measurements and Investments	Note 15—Fair Value Measurements and Investments Fair value is generally based on quoted prices, however if quoted market prices are not available, fair value is determined based on other relevant factors, including dealer price quotations, price activity for equivalent instruments and valuation pricing models. The Company established a fair value hierarchy which prioritizes and ranks the level of market price observability used in measuring financial instruments at fair value. Market price observability is affected by a number of factors, including the type of instrument, the characteristics specific to the instrument and the state of the marketplace (including the existence and transparency of transactions between market participants). Financial instruments with readily available, actively quoted prices or for which fair value can be measured from actively quoted prices in an orderly market will generally have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value. Financial instruments measured and reported at fair value are classified and disclosed in one of the following categories (from highest to lowest) based on inputs: Level 1 – Unadjusted quoted prices are available in active markets for identical financial instruments as of the reporting date. Level 2 – Pricing inputs are observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets or liabilities in inactive markets. Level 3 – Pricing inputs are unobservable for the financial instruments and include situations where there is little, if any, market activity for the financial instrument. The inputs into the determination of fair value require significant management judgment or estimation. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the determination of which category within the fair value hierarchy is appropriate for any given investment is based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the instrument. As of June 30, 2023 and December 31, 2022, the fair values of cash, restricted cash, accounts receivable, due from related parties, accounts payable and certain accrued liabilities approximate their carrying amounts due to the short-term nature of these items. Fair Value of Financial Instruments The following table summarizes the categorization and fair value estimate of the Company’s financial instruments that are measured on a recurring basis pursuant to the above fair value hierarchy levels as of June 30, 2023 and December 31, 2022: June 30, 2023 Level 1 Level 2 Level 3 Total Financial asset U.S. Treasury securities (1) $ 50,004 $ — $ — $ 50,004 December 31, 2022 Level 1 Level 2 Level 3 Total Financial assets U.S. Treasury securities (2) $ — $ 140,110 $ — $ 140,110 Cash surrender value of company-owned life insurance — 488 — 488 Total financial assets $ — $ 140,598 $ — $ 140,598 __________________ (1) Consists of U.S. Treasury bills and notes that mature on January 25, 2024. (2) Consists of U.S. Treasury notes that matured on January 31, 2023. The Company had no transfers between fair value levels during the three and six months ended June 30, 2023 and 2022. The Company’s investment in U.S. Treasury securities is presented within Investments in short-term marketable debt securities on the Condensed Consolidated Statements of Financial Condition, and the aggregate cost basis of the investment was $49.7 million and $139.2 million as of June 30, 2023 and December 31, 2022, respectively. The Company had net realized and unrealized gains (losses) on these investments of $0.3 million and $0.7 million for the three and six months ended June 30, 2023, respectively, and nominal amounts for the three and six months ended June 30, 2022. The cash surrender value of company-owned life insurance is included in Prepaid expenses and other assets on the Condensed Consolidated Statements of Financial Condition at the amount that could be realized under the contract as of December 31, 2022, which approximates fair value. Equity Method Investments

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Note 16—Related Party Transactions PWP Capital Holdings LP On February 28, 2019, a reorganization of the existing investment banking advisory and asset management businesses of PWP Holdings LP was effected which resulted in the spin-off of its asset management business (the “Separation”). PWP Holdings LP was divided into (i) PWP OpCo, which holds the former advisory business and (ii) PWP Capital Holdings LP, which holds the former asset management business. TSA Agreement – In connection with the Separation, the Company entered into a transition services agreement (the “TSA”) with PWP Capital Holdings LP under which the Company agreed to provide certain administrative services to PWP Capital Holdings LP. Sublease Income – In connection with the Separation, the Company subleases a portion of its office space at its New York location to PWP Capital Holdings LP. Sublease rent payments are due monthly and are based on PWP Capital Holdings LP’s pro-rata portion of the underlying lease agreements including base rent as well as other lease related charges. See additional information regarding the subleases in Note 4—Leases. Compensation Arrangements – In addition, PWP Capital Holdings LP has entered into an arrangement with certain employees of the Company, including members of management, related to services provided directly to PWP Capital Holdings LP. With respect to services provided to PWP Capital Holdings LP, the amounts paid and payable to such employees now and in the future are recognized by PWP Capital Holdings LP. All compensation related to services these employees provide to the Company are included in Compensation and benefits in the Condensed Consolidated Statements of Operations. Amounts due from PWP Capital Holdings LP are reflected as Due from related parties on the Condensed Consolidated Statements of Financial Condition. The following table shows the components of income from PWP Capital Holdings LP reported within Related party income in the Condensed Consolidated Statements of Operations for the periods presented: Three Months Ended Six Months Ended 2023 2022 2023 2022 TSA income – Compensation related $ 94 $ 213 $ 186 $ 418 TSA income – Non-compensation related 22 547 44 667 Sublease income 160 160 319 363 Total income from PWP Capital Holdings LP $ 276 $ 920 $ 549 $ 1,448 Tax Receivable Agreement In connection with the Business Combination, the Company entered into a tax receivable agreement with PWP OpCo, Professional Partners and ILPs that provides for payment of 85% of the amount of cash savings, if any, in U.S. federal, state and local and foreign income taxes that the Company is deemed to realize as a result of (a) each exchange of interests in PWP OpCo for cash or stock of the Company and certain other transactions and (b) payments made under the tax receivable agreement. As of June 30, 2023, the Company had an amount due of $25.1 million pursuant to the tax receivable agreement, which represents management’s best estimate of the amounts currently expected to be owed in connection with the tax receivable agreement for the Business Combination and subsequent exchanges made to date and is reported within Amount due pursuant to tax receivable agreement on the Condensed Consolidated Statement of Financial Condition. The Company expects to make the following payments with respect to the tax receivable agreement, which are exclusive of potential payments in respect of future exchanges and may differ significantly from actual payments made: Years Ending: Estimated Payments Under Tax Receivable Agreement Remainder of 2023 $ — 2024 1,091 2025 1,340 2026 1,388 2027 1,418 Thereafter 19,879 Total payments $ 25,116 Partner Promissory Notes The Company loaned money pursuant to promissory note agreements (the “Partner Promissory Notes”) to certain partners. The Partner Promissory Notes bear interest at an annual rate equal to the Federal Mid-Term Rate on an annual basis. The Partner Promissory Notes are due on various dates or in the event a partner is terminated or leaves at will. Repayment of the Partner Promissory Notes may be accelerated based on certain conditions as defined in the promissory note agreements and are primarily secured by the partner’s equity interests in PWP OpCo or one of its affiliates. As the Partner Promissory Notes and associated interest receivable relate to equity transactions, they have been recognized as a reduction of equity on the Condensed Consolidated Statements of Financial Condition in the amount of $2.0 million and $3.5 million as of June 30, 2023 and December 31, 2022, respectively. During the six months ended June 30, 2023 and 2022, certain partners effectively repaid $1.5 million and $2.6 million, respectively, of principal and interest related to Partner Promissory Notes by foregoing the amount due from their respective deferred compensation agreements. Other Partner Loans and Loan Guarantees In November 2021, PWP OpCo agreed to provide loans to certain partners. As of June 30, 2023 and December 31, 2022, $3.5 million and $3.4 million, respectively, of outstanding loans to certain partners and related interest receivable are recognized in Due from related parties on the Condensed Consolidated Statements of Financial Condition. Additionally, the Company has unconditionally guaranteed certain of its partners’ loans with First Republic Bank. Refer to Note 17—Commitments and Contingencies for additional information on the guarantees. Other Related Party Transactions In February 2022, the Company paid $0.5 million to an entity controlled by a member of the Board of Directors to reimburse a portion of expenses incurred by that entity in connection with the joint pursuit of a potential investment opportunity. The Company’s U.K. subsidiary, Perella Weinberg UK Limited, Professional Partners and certain partners (including one partner who serves as a Company director and president) are party to a reimbursement agreement, pursuant to which such partners directed Professional Partners to pay distributions related to certain of their Professional Partners Awards first to a subsidiary of the Company, so that the subsidiary can make employment income tax payments on such distributions to the appropriate non-U.S. authorities.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 17—Commitments and Contingencies Loan Guarantees The Company has unconditionally guaranteed certain of its partners’ loans with First Republic Bank (“Lender”) whereby it will pay the Lender upon the occurrence of a default event. These guarantees are secured by the partners’ interests in Professional Partners. The total guarantees related to partners was $1.6 million as of December 31, 2022, and as of June 30, 2023 only nominal guarantees remained. As of June 30, 2023 and December 31, 2022, no loans were in default. Indemnifications The Company enters into certain contracts that contain a variety of indemnification provisions. The Company’s maximum exposure under these arrangements is unknown. As of June 30, 2023 and December 31, 2022, the Company expects no claims or losses pursuant to these contracts; therefore, no liability has been recorded related to these indemnification provisions. Legal Contingencies From time to time, the Company is named as a defendant in legal actions relating to transactions conducted in the ordinary course of business. Some of these matters may involve claims of substantial amounts. Although there can be no assurance of the outcome of such legal actions, in the opinion of management and after consultation with external counsel, the Company believes it is neither probable nor reasonably possible that any current legal proceedings or claims would individually or in the aggregate have a material adverse effect on the condensed consolidated financial statements of the Company as of June 30, 2023 and December 31, 2022 and for the three and six months ended June 30, 2023 and 2022. On October 20, 2015, Professionals GP, PWP MC LP, PWP Equity I LP and Perella Weinberg Partners Group LP (collectively, the “PWP Plaintiffs”), filed a complaint against Michael A. Kramer, Derron S. Slonecker, Joshua S. Scherer, Adam W. Verost (collectively, the “Individual Defendants”) and Ducera Partners LLC (together with the Individual Defendants, “Defendants”) in New York Supreme Court, Commercial Division (the “Court”). The complaint alleges that the Individual Defendants, three former partners and one former employee of the PWP Plaintiffs, entered into a scheme while at PWP to lift out the PWP Plaintiffs’ restructuring group to form a new competing firm that they were secretly forming in breach of their contractual and fiduciary duties to the PWP Plaintiffs. The complaint contains 14 causes of action, and seeks declaratory relief as well as damages resulting from the Individual Defendants’ contractual and fiduciary breaches, and from Defendants' unfair competition and tortious interference with the PWP Plaintiffs’ contracts and client relationships. On November 9, 2015, Defendants filed an Answer, Counterclaims, Cross-claims and a Third-Party Complaint, which contained 14 causes of action. On July 17, 2016, the Court issued a decision, dismissing half of Defendants’ claims with prejudice. On August 18, 2016, Defendants filed an Amended Answer, Counterclaims, Cross-claims and Third-Party Complaint, with seven counterclaims and cross-claims. On December 12, 2016, Defendants appealed the dismissal of three of their counterclaims and cross-claims to the New York Appellate Division, First Department (the “First Department”). On August 29, 2017, the First Department issued a decision denying Defendants’ appeal other than allowing one Defendant to proceed with his breach of fiduciary duty counterclaim. On October 27, 2017, Defendants moved the First Department for leave to appeal its decision to the New York Court of Appeals. On December 28, 2017, the First Department denied Defendants’ motion for leave. On April 24, 2018, Defendants filed a Second Amended Answer, Counterclaims, Cross-claims and Third-Party Complaint, with eight counterclaims and cross-claims. Defendants are seeking declaratory relief and damages of no less than $60.0 million, as well as statutory interest. In addition, on January 19, 2022, Defendants filed a motion for leave to renew their New York Labor Law counterclaim that the Court dismissed in 2016. On June 30, 2023, the Court issued a decision denying Defendants’ motion for leave. Discovery is complete. Both the PWP Plaintiffs and Defendants subsequently moved for summary judgment. On March 20, 2020, the parties completed briefing of their respective motions. The Court held oral argument on the motions on May 27, 2021. On May 24, 2023, the Court issued a decision and order on both motions for summary judgment (the “Summary Judgment Decision”). The Court granted the PWP Plaintiffs’ motion with respect to the restrictive covenants in the PWP Plaintiffs’ agreements, finding that they are valid and enforceable, and otherwise denied the motion. The Court denied Defendants’ motion in its entirety. On July 25, 2023, Defendants filed a notice of appeal of the Summary Judgment Decision. We believe that our 14 causes of action are meritorious. Further, we believe that we have meritorious defenses to Defendants’ remaining counterclaims and cross-claims and plan to vigorously contest them. Litigation, however, can be uncertain and there can be no assurance that any judgment for one or more of Defendants or other outcome of the case would not have a material adverse effect on us. Additionally, even if we prevail in the litigation and are awarded damages, we do not know if we will be able to fully collect on any judgment against any or all Defendants. Legal and professional fees incurred related to this litigation are presented net of expected insurance reimbursement within Professional fees in the Condensed Consolidated Statements of Operations.

Business Information

Business Information	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Business Information	Note 18—Business Information The Company’s activities of providing advisory services for M&A, private placements and financial advisory, as well as services for underwriting of securities offered for sale in public markets, commissions for the brokerage of publicly traded securities and equity research constitute a single business segment. The Company is organized as one operating segment in order to maximize the value of advice to clients by drawing upon the diversified expertise and broad relationships of its senior professionals across the Company. The Company has a single operating segment and therefore a single reportable segment. For the three months ended June 30, 2023, one individual client generated revenues of $17.0 million, which accounted for more than 10% of aggregate revenue, while no individual client accounted for more than 10% of aggregate revenue for the six months ended June 30, 2023. For the three months ended June 30, 2022, one individual client generated revenues of $25.3 million, which accounted for more than 10% of aggregate revenue, while no individual client accounted for more than 10% of aggregate revenue for the six months ended June 30, 2022. Since the financial markets are global in nature, the Company generally manages its business based on the operating results of the Company taken as a whole, not by geographic region. The following tables set forth the geographical distribution of revenues and assets based on the location of the office that generates the revenues or holds the assets and therefore may not be indicative of the geography in which the Company’s clients are located: Three Months Ended Six Months Ended 2023 2022 2023 2022 Revenues United States $ 134,782 $ 129,659 $ 230,320 $ 221,817 International 30,763 21,445 66,651 81,163 Total $ 165,545 $ 151,104 $ 296,971 $ 302,980 June 30, 2023 December 31, 2022 Assets United States $ 433,146 $ 531,590 International 148,956 185,503 Total $ 582,102 $ 717,093

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2023
Subsequent Events [Abstract]
Subsequent Events	Note 19—Subsequent Events The Company has evaluated subsequent events through the issuance date of these condensed consolidated financial statements. On July 4, 2023, the Company entered into a lease amendment related to the Paris office. The Paris lease amendment extends the term of the lease by approximately 9 years with an expected expiration of November 30, 2032. On August 2, 2023, the Board of Directors of PWP declared a cash dividend of $0.07 per share of Class A common stock. This dividend will be paid on September 12, 2023 to Class A common stockholders of record on September 1, 2023. Holders of Class B common stock will also receive dividends equal to the amount of dividends made on 0.001 shares of Class A common stock.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net income (loss) attributable to Perella Weinberg Partners – basic	$ 359	$ 9,265	$ (4,764)	$ 18,159

Insider Trading Arrangements

Insider Trading Arrangements	6 Months Ended
	Jun. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The unaudited condensed consolidated financial statements reflect the financial condition, results of operations and cash flows of the Company and have been prepared in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”). All intercompany balances and transactions between the consolidated subsidiaries comprising the Company have been eliminated in the accompanying condensed consolidated financial statements. These condensed consolidated financial statements and notes thereto are unaudited, and as permitted by the interim reporting rules and regulations set forth by the Securities and Exchange Commission (the “SEC”), exclude certain financial information and note disclosures normally included in annual audited financial statements prepared in accordance with U.S. GAAP. Accordingly, these condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2022 included in the Company’s Annual Report on Form 10-K. The condensed consolidated financial statements reflect all material adjustments of a normal recurring nature that, in the opinion of management, are necessary for a fair presentation of the results for the interim periods.
Consolidation	ConsolidationThe Company’s policy is to consolidate entities in which the Company has a controlling financial interest and variable interest entities where the Company is deemed to be the primary beneficiary. The Company is deemed to be the primary beneficiary of a variable interest entity (“VIE”) when it has both (i) the power to make the decisions that most significantly affect the economic performance of the VIE and (ii) the obligation to absorb significant losses or the right to receive benefits that could potentially be significant to the VIE. PWP is the primary beneficiary of and consolidates PWP OpCo, a VIE. As of June 30, 2023 and December 31, 2022, the net assets of PWP OpCo were $239.5 million and $237.9 million, respectively. As of June 30, 2023 and December 31, 2022, the Company did not consolidate any VIEs other than PWP OpCo.
Use of Estimates	Use of Estimates The preparation of the condensed consolidated financial statements and related disclosures in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates and the assumptions underlying these estimates are reviewed periodically, and the effects of revisions are reflected in the period in which they are determined to be necessary.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash Cash includes both cash and interest-bearing money market accounts and cash equivalents are defined as highly liquid investments with original maturities of three months or less from the date of purchase. As of June 30, 2023 and December 31, 2022, the Company had no cash equivalents. The Company maintains cash with banks and brokerage firms, which from time to time may exceed federally insured limits. Restricted cash represents cash that is not readily available for general purpose cash needs. As of June 30, 2023 and December 31, 2022, the Company had restricted cash of $2.6 million maintained as collateral for letters of credit related to certain office leases. A reconciliation of the Company’s cash, cash equivalents and restricted cash as of June 30, 2023 and June 30, 2022 is presented below: June 30, 2023 2022 Cash $ 129,761 $ 150,286 Cash equivalents — — Restricted cash 2,649 2,738 Cash, cash equivalents and restricted cash as shown on statements of cash flows $ 132,410 $ 153,024
Foreign Currencies	Foreign Currencies In the normal course of business, the Company and its subsidiaries may enter into transactions denominated in a non-functional currency. The Company recognized net foreign exchange gains (losses) arising from such transactions of $(1.1) million and $(2.2) million during the three and six months ended June 30, 2023, respectively, and $3.8 million and $5.2 million for the three and six months ended June 30, 2022, respectively, which are included in Other income (expense) in the Condensed Consolidated Statements of Operations. In addition, the Company consolidates its foreign subsidiaries that have non-U.S. dollar functional currencies. Non-U.S. dollar denominated assets and liabilities are translated to U.S. dollars at the exchange rate prevailing at the reporting date and income, expenses, gains and losses are generally translated using the average exchange rate throughout the period. Cumulative translation adjustments arising from the translation of non-U.S. dollar denominated operations are included as a component of Accumulated other comprehensive income (loss) in the Condensed Consolidated Statements of Changes in Equity.
Recent Accounting Pronouncements and Future Adoption of Accounting Pronouncements	Recently Adopted Accounting Pronouncements There were no recently adopted accounting pronouncements that had a material effect on the Company’s condensed consolidated financial statements. Future Adoption of Accounting Pronouncements No changes to U.S. GAAP that are not yet effective are expected to have a material effect on the Company’s condensed consolidated financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Reconciliation of Cash, Cash Equivalents and Restricted Cash	A reconciliation of the Company’s cash, cash equivalents and restricted cash as of June 30, 2023 and June 30, 2022 is presented below: June 30, 2023 2022 Cash $ 129,761 $ 150,286 Cash equivalents — — Restricted cash 2,649 2,738 Cash, cash equivalents and restricted cash as shown on statements of cash flows $ 132,410 $ 153,024

Revenue and Receivables from _2

Revenue and Receivables from Contracts with Customers (Tables)	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following table disaggregates the Company’s revenue between over time and point in time recognition: Three Months Ended Six Months Ended 2023 2022 2023 2022 Over time $ 157,469 $ 149,287 $ 281,798 $ 295,885 Point in time 8,076 1,817 15,173 7,095 Total revenues $ 165,545 $ 151,104 $ 296,971 $ 302,980
Schedule of Allowance for Credit Losses	The allowance for credit losses activity for the three and six months ended June 30, 2023 and 2022 was as follows: Three Months Ended Six Months Ended 2023 2022 2023 2022 Beginning balance $ 1,227 $ 1,378 $ 1,143 $ 1,851 Bad debt expense 903 1,388 1,065 1,672 Write-offs (198) (30) (281) (760) Recoveries 82 — 82 — Foreign currency translation and other adjustments 7 (11) 12 (38) Ending balance $ 2,021 $ 2,725 $ 2,021 $ 2,725

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Summary of Operating Leases	Other information as it relates to the Company’s operating leases was as follows: June 30, 2023 December 31, 2022 Weighted-average discount rate - operating leases 4.6% 4.6% Weighted-average remaining lease term - operating leases 14.7 years 14.9 years Three Months Ended Six Months Ended 2023 2022 2023 2022 Operating lease cost $ 5,388 $ 4,226 $ 10,772 $ 8,861 Variable lease cost 594 565 1,944 1,007 Sublease income - operating leases (160) (160) (319) (363) Total net lease cost $ 5,822 $ 4,631 $ 12,397 $ 9,505 Net cash outflows (inflows) on operating leases (1) $ (2,857) $ 4,975 $ (466) $ 9,963 __________________ (1) Presented net of lease incentives received, including landlord contributions to tenant improvements.
Schedule of Operating Lease Maturities	As of June 30, 2023, the maturities of undiscounted operating lease liabilities of the Company are as follows: Years Ending: Operating Leases Sublease Income Net Remainder of 2023 $ (2,881) $ 77 $ (2,958) 2024 7,454 — 7,454 2025 18,367 — 18,367 2026 19,442 — 19,442 2027 18,608 — 18,608 Thereafter 188,581 — 188,581 Total lease payments (1) 249,571 $ 77 $ 249,494 Less: Imputed Interest (78,248) Total lease liabilities $ 171,323 __________________ (1) Future lease payments are presented net of expected lease incentives, including landlord contributions to tenant improvements.

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Summary of Components of Gross and Net Intangible Asset	the detail of the intangible assets: June 30, 2023 Gross Amount Accumulated Amortization Net Customer relationships $ 47,400 $ (31,205) $ 16,195 Trade names and trademarks 18,400 (12,113) 6,287 Total $ 65,800 $ (43,318) $ 22,482 December 31, 2022 Gross Amount Accumulated Amortization Net Customer relationships $ 47,400 $ (28,835) $ 18,565 Trade names and trademarks 18,400 (11,193) 7,207 Total $ 65,800 $ (40,028) $ 25,772

Fixed Assets (Tables)

Fixed Assets (Tables)	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Summary of Property, Plant and Equipment	Fixed assets are recorded at cost less accumulated depreciation and amortization and consist of the following as of June 30, 2023 and December 31, 2022: June 30, 2023 December 31, 2022 Leasehold improvements $ 65,616 $ 76,389 Furniture and fixtures 11,283 15,313 Equipment 21,111 21,382 Software 5,920 6,945 Total 103,930 120,029 Less: Accumulated depreciation and amortization (32,953) (71,639) Fixed assets, net $ 70,977 $ 48,390

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Schedule of Company's Tax Position	The following table summarizes the Company’s tax position for the periods presented: Three Months Ended Six Months Ended 2023 2022 2023 2022 Income (loss) before income taxes $ (22,813) $ 5,807 $ (44,947) $ 9,855 Income tax expense (benefit) $ (4,543) $ 3,141 $ 743 $ 6,137 Effective income tax rate 19.9 % 54.1 % (1.7) % 62.3 %

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Expense Related to Awards	The following table presents the expense related to awards that were recorded in Professional fees and components of Equity-based compensation included on the Condensed Consolidated Statements of Operations: Three Months Ended Six Months Ended 2023 2022 2023 2022 Professional fees PWP Incentive Plan Awards $ 368 $ 530 $ 963 $ 1,045 Total Professional fees $ 368 $ 530 $ 963 $ 1,045 Equity-based compensation PWP Incentive Plan Awards $ 23,805 $ 17,902 $ 51,142 $ 40,082 Legacy Awards (1) 3,224 3,338 6,449 6,677 Professional Partners Awards (1) 15,183 15,187 32,292 30,558 Total Equity-based compensation $ 42,212 $ 36,427 $ 89,883 $ 77,317 Income tax benefit of equity-based awards $ 3,065 $ 2,328 $ 6,624 $ 5,567 __________________

Net Income (Loss) Per Share A_2

Net Income (Loss) Per Share Attributable to Class A Common Shareholders (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted 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 Six Months Ended 2023 2022 2023 2022 Numerator: Net income (loss) attributable to Perella Weinberg Partners – basic $ 359 $ 9,265 $ (4,764) $ 18,159 Dilutive effect from assumed exchange of PWP OpCo Units, net of tax (16,980) (9,319) (43,859) (18,647) Net income (loss) attributable to Perella Weinberg Partners – diluted $ (16,621) $ (54) $ (48,623) $ (488) Denominator: Weighted average shares of Class A common stock outstanding – basic 42,743,611 44,584,181 42,531,895 45,247,373 Weighted average number of incremental shares from assumed exchange of PWP OpCo Units 43,778,015 46,104,690 44,034,180 46,705,704 Weighted average shares of Class A common stock outstanding – diluted 86,521,626 90,688,871 86,566,075 91,953,077 Net income (loss) per share attributable to Class A common shareholders Basic $ 0.01 $ 0.21 $ (0.11) $ 0.40 Diluted $ (0.19) $ 0.00 $ (0.56) $ (0.01)
Schedule of Weighted Average Potentially Dilutive Shares Excluded from Computation of Diluted Net Income (Loss) Per Share	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 Six Months Ended 2023 2022 2023 2022 Warrants (1) n/a — n/a — PWP Incentive Plan Awards 275,508 41,654 1,001,289 168,435 Total 275,508 41,654 1,001,289 168,435 __________________ (1) Prior to the Warrant Exchange Offer on August 23, 2022, the warrants were out-of-the-money which resulted in no potentially dilutive shares under the treasury stock method. For the three and six months ended June 30, 2023, the warrants were not outstanding, and thus, they are not applicable. Refer to Note 11—Warrants for further information regarding the Warrant Exchange Offer.

Fair Value Measurements and I_2

Fair Value Measurements and Investments (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Measurements And Investments [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis	The following table summarizes the categorization and fair value estimate of the Company’s financial instruments that are measured on a recurring basis pursuant to the above fair value hierarchy levels as of June 30, 2023 and December 31, 2022: June 30, 2023 Level 1 Level 2 Level 3 Total Financial asset U.S. Treasury securities (1) $ 50,004 $ — $ — $ 50,004 December 31, 2022 Level 1 Level 2 Level 3 Total Financial assets U.S. Treasury securities (2) $ — $ 140,110 $ — $ 140,110 Cash surrender value of company-owned life insurance — 488 — 488 Total financial assets $ — $ 140,598 $ — $ 140,598 __________________ (1) Consists of U.S. Treasury bills and notes that mature on January 25, 2024. (2) Consists of U.S. Treasury notes that matured on January 31, 2023.

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
Schedule of Components of Related Party Revenues	The following table shows the components of income from PWP Capital Holdings LP reported within Related party income in the Condensed Consolidated Statements of Operations for the periods presented: Three Months Ended Six Months Ended 2023 2022 2023 2022 TSA income – Compensation related $ 94 $ 213 $ 186 $ 418 TSA income – Non-compensation related 22 547 44 667 Sublease income 160 160 319 363 Total income from PWP Capital Holdings LP $ 276 $ 920 $ 549 $ 1,448
Schedule of Estimated Payments Under Tax Receivable Agreement	The Company expects to make the following payments with respect to the tax receivable agreement, which are exclusive of potential payments in respect of future exchanges and may differ significantly from actual payments made: Years Ending: Estimated Payments Under Tax Receivable Agreement Remainder of 2023 $ — 2024 1,091 2025 1,340 2026 1,388 2027 1,418 Thereafter 19,879 Total payments $ 25,116

Business Information (Tables)

Business Information (Tables)	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Schedule of Geographical Distribution of Revenues and Assets Based on the Location of the Office	The following tables set forth the geographical distribution of revenues and assets based on the location of the office that generates the revenues or holds the assets and therefore may not be indicative of the geography in which the Company’s clients are located: Three Months Ended Six Months Ended 2023 2022 2023 2022 Revenues United States $ 134,782 $ 129,659 $ 230,320 $ 221,817 International 30,763 21,445 66,651 81,163 Total $ 165,545 $ 151,104 $ 296,971 $ 302,980 June 30, 2023 December 31, 2022 Assets United States $ 433,146 $ 531,590 International 148,956 185,503 Total $ 582,102 $ 717,093

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Accounting Policies [Abstract]
Cash equivalents	$ 0	$ 0	$ 0	$ 0	$ 0
Restricted cash	2,649,000	2,738,000	2,649,000	2,738,000	2,596,000
Variable Interest Entity [Line Items]
Assets	582,102,000		582,102,000		717,093,000
Foreign currency transaction gain (loss), before tax	(1,100,000)	$ 3,800,000	(2,200,000)	$ 5,200,000
PWP OpCo
Variable Interest Entity [Line Items]
Assets	$ 239,500,000		$ 239,500,000		$ 237,900,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Reconciliation of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Cash	$ 129,761,000		$ 150,286,000
Cash equivalents	0	$ 0	0
Restricted cash	2,649,000	2,596,000	2,738,000
Cash, cash equivalents and restricted cash as shown on statements of cash flows	$ 132,410,000	$ 174,166,000	$ 153,024,000	$ 504,775,000

Revenue and Receivables from _3

Revenue and Receivables from Contracts with Customers - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disaggregation Of Revenue [Line Items]
Total revenues	$ 165,545	$ 151,104	$ 296,971	$ 302,980
Over time
Disaggregation Of Revenue [Line Items]
Total revenues	157,469	149,287	281,798	295,885
Point in time
Disaggregation Of Revenue [Line Items]
Total revenues	$ 8,076	$ 1,817	$ 15,173	$ 7,095

Revenue and Receivables from _4

Revenue and Receivables from Contracts with Customers - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Reimbursable expenses recorded as revenue	$ 1,300	$ 900	$ 2,500	$ 1,300
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Reimbursable expenses recorded as revenue	1,300	900	2,500	1,300
Contract with customer, performance obligation satisfied in previous period	86,800	103,700	181,000	223,600
Deferred revenue	2,178		2,178		$ 5,014
Deferred revenue recognized	1,200	$ 2,800	3,400	$ 4,900
Accrued revenue included in accounts receivable	6,600		6,600		5,100
Accounts receivable, net of allowance	50,959		50,959		67,906
Two Clients | Client Accounting for More than 10% of Aggregate Receivable
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Accounts receivable, net of allowance					$ 28,400
Two Clients | Accounts Receivable | Client Accounting for More than 10% of Aggregate Receivable
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Accounts receivable, net of allowance	20,700		20,700
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Aggregate amount of transaction price allocated to performance obligations yet to be satisfied	$ 1,700		$ 1,700
Revenue, remaining performance obligation, expected timing of satisfaction, period	12 months		12 months

Revenue and Receivables from _5

Revenue and Receivables from Contracts with Customers - Schedule of Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 1,227	$ 1,378	$ 1,143	$ 1,851
Bad debt expense	903	1,388	1,065	1,672
Write-offs	(198)	(30)	(281)	(760)
Recoveries	82	0	82	0
Foreign currency translation and other adjustments	7	(11)	12	(38)
Ending balance	$ 2,021	$ 2,725	$ 2,021	$ 2,725

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Lessee, Lease, Description [Line Items]
Right-of-use asset obtained in exchange for operating lease liability			$ 178	$ 67,876
U.K. Office
Lessee, Lease, Description [Line Items]
Extended lease term		12 years		12 years
New York Office
Lessee, Lease, Description [Line Items]
Extended lease term		16 years		16 years
Right-of-use asset obtained in exchange for operating lease liability		$ 66,300
New York And U.K. Office
Lessee, Lease, Description [Line Items]
Right-of-use asset obtained in exchange for operating lease liability	$ 62,300

Leases - Summary of Operating L

Leases - Summary of Operating Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Leases [Abstract]
Weighted-average discount rate - operating leases	4.60%		4.60%		4.60%
Weighted-average remaining lease term - operating leases	14 years 8 months 12 days		14 years 8 months 12 days		14 years 10 months 24 days
Operating lease cost	$ 5,388	$ 4,226	$ 10,772	$ 8,861
Variable lease cost	594	565	1,944	1,007
Sublease income - operating leases	(160)	(160)	(319)	(363)
Total net lease cost	5,822	4,631	12,397	9,505
Net cash outflows (inflows) on operating leases	$ (2,857)	$ 4,975	$ (466)	$ 9,963

Leases - Schedule of Operating

Leases - Schedule of Operating Lease Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Operating Leases
Remainder of 2023	$ (2,881)
2024	7,454
2025	18,367
2026	19,442
2027	18,608
Thereafter	188,581
Total lease payments	249,571
Less: Imputed Interest	(78,248)
Total lease liabilities	171,323	$ 165,601
Sublease Income
Remainder of 2023	77
2024	0
2025	0
2026	0
2027	0
Thereafter	0
Total lease payments	77
Net Payments
Remainder of 2023	(2,958)
2024	7,454
2025	18,367
2026	19,442
2027	18,608
Thereafter	188,581
Total lease payments	$ 249,494

Intangible Assets - Summary of

Intangible Assets - Summary of Components of Gross and Net Intangible Asset (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Gross Amount	$ 65,800	$ 65,800
Accumulated Amortization	(43,318)	(40,028)
Net Carrying Amount	22,482	25,772
Customer relationships
Gross Amount	47,400	47,400
Accumulated Amortization	(31,205)	(28,835)
Net Carrying Amount	16,195	18,565
Trade names and trademarks
Gross Amount	18,400	18,400
Accumulated Amortization	(12,113)	(11,193)
Net Carrying Amount	$ 6,287	$ 7,207

Intangible Assets - Additional

Intangible Assets - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Finite-Lived intangible asset, useful life	10 years		10 years
Amortization expense	$ 1.6	$ 1.6	$ 3.3	$ 3.3
Finite-Lived Intangible Assets, Net, Amortization Expense, Rolling Maturity [Abstract]
Finite-lived intangible asset, expected amortization, 2023	6.6		6.6
Finite-lived intangible asset, expected amortization, 2024	6.6		6.6
Finite-lived intangible asset, expected amortization, 2025	6.6		6.6
Finite-lived intangible asset, expected amortization, 2026	$ 6		$ 6

Fixed Assets - Summary of Fixed

Fixed Assets - Summary of Fixed Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 103,930	$ 120,029
Less: Accumulated depreciation and amortization	(32,953)	(71,639)
Fixed assets, net	70,977	48,390
Leasehold improvements
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	65,616	76,389
Furniture and fixtures
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	11,283	15,313
Equipment
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	21,111	21,382
Software
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 5,920	$ 6,945

Fixed Assets - Additional infor

Fixed Assets - Additional information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Property Plant And Equipment [Line Items]
Depreciation expense	$ 1.9	$ 0.8	$ 3	$ 1.8
Software development
Property Plant And Equipment [Line Items]
Amortization expense	$ 0.1	$ 0.3	$ 0.2	$ 0.5

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Company's Tax Position (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income (loss) before income taxes	$ (22,813)	$ 5,807	$ (44,947)	$ 9,855
Income tax expense (benefit)	$ (4,543)	$ 3,141	$ 743	$ 6,137
Effective income tax rate	19.90%	54.10%	(1.70%)	62.30%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Unrecognized tax benefits	$ 2.8	$ 5.6

Stockholder's Equity (Details)

Stockholder's Equity (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended				6 Months Ended		14 Months Ended
	Jan. 21, 2022	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023	Feb. 08, 2023	Feb. 16, 2022
Class of Stock [Line Items]
Treasury stock purchase, value		$ 7,735	$ 14,754	$ 43,689	$ 1,598
Class B distribution rate compared to Class A		0.001				0.001
Proceeds from the Offering, net of underwriting discount						$ 0	$ 36,526
Professional Partners and ILPs
Class of Stock [Line Items]
Noncontrolling interest, units owned (in Shares)		43,778,015				43,778,015
Noncontrolling interest, ownership percentage by noncontrolling owners		51.20%				51.20%
Perella Weinberg Parnters
Class of Stock [Line Items]
Noncontrolling interest, ownership percentage by noncontrolling owners		48.80%				48.80%
Class A common stock
Class of Stock [Line Items]
Stock repurchase program, authorized amount									$ 100,000	$ 100,000
Treasury stock purchase (in Shares)		919,379		6,267,904		2,376,683	6,440,207	11,920,699
Treasury stock purchase, value		$ 7,700		$ 43,700		$ 22,500	$ 45,300
Share price (in Dollars per Share)								$ 7.65
Conversion ratio		1				1
Class A common stock | Follow-on public offering
Class of Stock [Line Items]
Common stock, new shares issued, shares (in shares)	3,502,033
Shares issued, price per share (in Dollars per Share)	$ 10.75
Proceeds from the Offering, net of underwriting discount	$ 37,600
Payment of financing and stock issuance costs (in Dollars per Share)	$ 0.32
Payment of underwriting discounts and commissions	$ 1,100
Deferred offering costs, net of proceeds from offering	$ 1,300
Class A common stock | Common Stock
Class of Stock [Line Items]
Common stock, new shares issued, shares (in shares)					3,502,033
Exchange of PWP OpCo Units and corresponding Class B common stock for Class A common stock (in shares)		0	786,644	629,591	337,048	786,644	966,639
Class B common stock | Common Stock
Class of Stock [Line Items]
Common stock, new shares issued, shares (in shares)					(3,498,534)
Exchange of PWP OpCo Units and corresponding Class B common stock for Class A common stock (in shares)		0	(785,862)	(628,965)	(336,712)

Debt (Details)

Debt (Details) - USD ($)		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Nov. 30, 2016
Debt Instrument [Line Items]
Unamortized debt discounts and issuance costs	$ (300,000)	$ (300,000)	$ (400,000)
Base Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2%
Secured Overnight Financing Rate (SOFR) Floor
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	0.25%
Minimum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	0.10%
Maximum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	0.25%
Revolving Credit Facility
Debt Instrument [Line Items]
Maximum incremental revolving commitments		20,000,000
Borrowings outstanding under revolving line of credit facility	$ 0	0	$ 0
Debt issuance costs				$ 1,800,000
Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 50,000,000	$ 50,000,000

Warrants (Details)

Warrants (Details) - USD ($) $ / shares in Units, $ in Millions	Jun. 30, 2023	Dec. 31, 2022	Aug. 23, 2022	Aug. 22, 2022
Public Warrants
Class of Warrant or Right [Line Items]
Warrants and rights outstanding	$ 0	$ 0
Number of securities purchasable for each warrant or right (in Shares)				1
Warrant exercise price (in Dollars per Share)				$ 11.50
Private Warrants
Class of Warrant or Right [Line Items]
Warrants and rights outstanding	$ 0	$ 0
Valid Tender | Class A Common Stock, par value $0.0001 per share
Class of Warrant or Right [Line Items]
Number of securities purchasable for each warrant or right (in Shares)			0.20

Equity-Based Compensation - Add

Equity-Based Compensation - Additional information (Details) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation expense	$ 347,700,000
Weighted average period of unrecognized compensation cost to RSUs	2 years 6 months
General RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares granted	7,857,726	6,449,163
Weighted average grant date fair value, granted (in Dollars per Share)	$ 9.61	$ 9.90

Equity-Based Compensation - Sum

Equity-Based Compensation - Summary of Awards Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total Professional fees	$ 8,737	$ 7,419	$ 16,290	$ 17,722
Total Equity-based compensation	42,212	36,427	89,883	77,317
Income tax benefit of equity-based awards	3,065	2,328	6,624	5,567
PWP Incentive Plan Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total Professional fees	368	530	963	1,045
Total Equity-based compensation	23,805	17,902	51,142	40,082
Legacy Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total Equity-based compensation	3,224	3,338	6,449	6,677
Professional Partners Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total Equity-based compensation	$ 15,183	$ 15,187	$ 32,292	$ 30,558

Other Compensation and Benefi_2

Other Compensation and Benefits (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Costs incurred for employee benefit plans	$ 1.7	$ 1.5	$ 3.4	$ 2.9
Business Realignment
Defined Benefit Plan Disclosure [Line Items]
Restructuring reserve	3.3		3.3
Payments for restructuring			0.5
Forecast | Business Realignment
Defined Benefit Plan Disclosure [Line Items]
Additional expense					$ 18
Business Realignment | Business Realignment | Employee Severance
Defined Benefit Plan Disclosure [Line Items]
Separation and transition expense	3.8		3.8
Business Realignment | Accelerated Share Based Compensation | Employee Severance
Defined Benefit Plan Disclosure [Line Items]
Separation and transition expense	$ 1.3		$ 1.3

Net Income (Loss) Per Share A_3

Net Income (Loss) Per Share Attributable to Class A Common Shareholders - Schedule of Computation of Basic and Diluted Net Income (Loss) Per Share Attributable to Class A Common Shareholders (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Numerator:
Net income (loss) attributable to Perella Weinberg Partners – basic	$ 359	$ 9,265	$ (4,764)	$ 18,159
Dilutive effect from assumed exchange of PWP OpCo Units, net of tax	(16,980)	(9,319)	(43,859)	(18,647)
Net income (loss) attributable to Perella Weinberg Partners – diluted	$ (16,621)	$ (54)	$ (48,623)	$ (488)
Denominator:
Weighted average shares of Class A common stock outstanding - basic (in Shares)	42,743,611	44,584,181	42,531,895	45,247,373
Weighted average number of incremental shares from assumed exchange of PWP OpCo Units (in Shares)	43,778,015	46,104,690	44,034,180	46,705,704
Weighted average shares of Class A common stock outstanding - diluted (in Shares)	86,521,626	90,688,871	86,566,075	91,953,077
Net income (loss) per share attributable to Class A common shareholders
Basic (in Dollars per Share)	$ 0.01	$ 0.21	$ (0.11)	$ 0.40
Diluted (in Dollars per Share)	$ (0.19)	$ 0	$ (0.56)	$ (0.01)

Net Income (Loss) Per Share A_4

Net Income (Loss) Per Share Attributable to Class A Common Shareholders - Schedule of Weighted Average Potentially Dilutive Shares Excluded from Computation of Diluted Net Income (Loss) Per Share (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities (in Shares)	275,508	41,654	1,001,289	168,435
Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities (in Shares)		0		0
PWP Incentive Plan Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities (in Shares)	275,508	41,654	1,001,289	168,435

Fair Value Measurements and I_3

Fair Value Measurements and Investments - Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - Recurring Basis - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Financial asset
U.S. treasury securities	$ 50,004	$ 140,110
Cash surrender value of company-owned life insurance		488
Total financial assets		140,598
Level 1
Financial asset
U.S. treasury securities	50,004	0
Cash surrender value of company-owned life insurance		0
Total financial assets		0
Level 2
Financial asset
U.S. treasury securities	0	140,110
Cash surrender value of company-owned life insurance		488
Total financial assets		140,598
Level 3
Financial asset
U.S. treasury securities	$ 0	0
Cash surrender value of company-owned life insurance		0
Total financial assets		$ 0

Fair Value Measurements and I_4

Fair Value Measurements and Investments - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Fair Value Measurements And Investments [Abstract]
Investment owned, at cost	$ 49.7	$ 49.7	$ 139.2
Net realized and unrealized gain (loss) on treasury securities	$ 0.3	$ 0.7

Related Party Transactions - Sc

Related Party Transactions - Schedule of Components of Related Party Revenues and Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Related Party income
Sublease income	$ 160	$ 160	$ 319	$ 363
TSA Compensation Related
Related Party income
Related party income	94	213	186	418
TSA Non Compensation Related
Related Party income
Related party income	22	547	44	667
Sublease income
Related Party income
Sublease income	160	160	319	363
TSA
Related Party income
Related party income	$ 276	$ 920	$ 549	$ 1,448

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details) - USD ($) $ in Thousands	1 Months Ended	6 Months Ended
	Feb. 28, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Related Party Transaction [Line Items]
Tax savings agreement, percent		85%
Amount due pursuant to tax receivable agreement		$ 25,116		$ 22,991
Partner promissory notes recognized as a reduction in equity		2,000		3,500
Non-cash paydown of Partner promissory notes		1,547	$ 2,567
Partners
Related Party Transaction [Line Items]
Due from related parties		$ 3,500		$ 3,400
Entity Controlled by Director
Related Party Transaction [Line Items]
Related party expenses	$ 500

Related Party Transactions - _2

Related Party Transactions - Schedule of Estimated Payments Under Tax Receivable Agreement (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Related Party Transactions [Abstract]
Remainder of 2023	$ 0
2024	1,091
2025	1,340
2026	1,388
2027	1,418
Thereafter	19,879
Total payments	$ 25,116	$ 22,991

Commitments and Contingencies (

Commitments and Contingencies (Details)	6 Months Ended
	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Aug. 24, 2018 claim	Aug. 18, 2016 claim	Nov. 09, 2015 claim	Oct. 20, 2015 claim
Loss Contingencies [Line Items]
Relief and damages sought value	$ 60,000,000
Pending Litigation
Loss Contingencies [Line Items]
Loss contingency, pending plaintiffs claims, number | claim			8	7	14	14
Guarantee of Indebtedness of Others | Partners
Loss Contingencies [Line Items]
Estimate of possible loss	0	$ 1,600,000
Default loan	0	0
Indemnification Guarantee
Loss Contingencies [Line Items]
Estimate of possible loss	$ 0	$ 0

Business Information - Addition

Business Information - Additional Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) Segment	Jun. 30, 2022 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | Segment			1
Number of reportable segments | Segment			1
Revenues | $	$ 165,545	$ 151,104	$ 296,971	$ 302,980
Client Accounting for More than 10% of Aggregate Revenue | One Client
Segment Reporting Information [Line Items]
Revenues | $	$ 17,000	$ 25,300

Business Information - Schedule

Business Information - Schedule of Geographical Distribution of Revenues and Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 165,545	$ 151,104	$ 296,971	$ 302,980
Assets	582,102		582,102		$ 717,093
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	134,782	129,659	230,320	221,817
Assets	433,146		433,146		531,590
International
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	30,763	$ 21,445	66,651	$ 81,163
Assets	$ 148,956		$ 148,956		$ 185,503

Subsequent Events (Details)

Subsequent Events (Details)		3 Months Ended
	Aug. 02, 2023 $ / shares	Jun. 30, 2023 $ / shares	Jun. 30, 2022 $ / shares	Mar. 31, 2022 $ / shares	Jul. 04, 2023
Class A common stock
Subsequent Event [Line Items]
Dividend declared (in Dollars per Share)		$ 0.07	$ 0.07	$ 0.07
Subsequent Event | Paris
Subsequent Event [Line Items]
Lease term					9 years
Subsequent Event | Class A common stock
Subsequent Event [Line Items]
Dividend declared (in Dollars per Share)	$ 0.07
Subsequent Event | Class B common stock
Subsequent Event [Line Items]
Class B dividends rate compared to Class A	0.001