PJT Partners Inc.

Listed Company

PJTCIK 0001626115NYSELarge AcceleratedInvestment AdviceDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.71B

Net Income

$180.12M

Total Assets

$1.84B

Equity

$308.25M

Shares Out

24.80M

Op. Cash Flow

$526.30M

PJT$166.64−9.49% · past yearDBEQ Basic

Daily closing prices

Business

PJT Partners is a global advisory-focused investment bank providing strategic advice, restructuring services, and alternative-asset fundraising to corporations, financial sponsors, and boards. Core business lines include Strategic Advisory (M&A, capital raises, shareholder engagement, geopolitical advisory), Restructuring and Special Situations (liability management, distressed transactions, Chapter 11 matters), and PJT Park Hill (private fund advisory, fundraising, liquidity solutions). The firm operates globally with integrated platforms delivering multi-product advice across industry verticals and geographies.

Summary from 10-K filed 2026-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	1,714	1,493	1,153	1,026	992
Compensation and Benefits	1,158	1,032	805	669	640
Occupancy and Related	60	51	40	35	35
Travel and Related	46	37	31	30	11
Professional Fees	36	38	37	27	27
Communications and Information Services	38	33	28	17	18
Depreciation and Amortization	13	13	14	15	16
Other Expenses	20	19	20	30	26
Total Expenses	1,371	1,223	976	824	772
Income Before Provision for Taxes	343	271	178	201	219
Provision for Taxes	33	32	32	37	29
Net Income	310	238	146	165	190
Net Income Attributable to Non-Controlling Interests	130	104	64	74	84
Net Income Attributable to PJT Partners Inc.	180	134	82	91	106

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and Cash Equivalents	539	484	356	173	200
Investments (at fair value)	47	63	81	50	—
Accounts Receivable (net of allowance for credit losses of $1,591 and $2,525 at December 31, 2025 and December 31, 2024, respectively)	404	321	264	318	289
Intangible Assets, Net	7	13	13	18	24
Goodwill	192	192	173	173	173
Furniture, Equipment and Leasehold Improvements, Net	61	22	26	31	37
Operating Lease Right-of-Use Assets	339	313	299	119	138
Other Assets	159	143	151	100	62
Deferred Tax Asset, Net	95	85	72	69	64
Total Assets	1,843	1,635	1,435	1,051	988
Accrued Compensation and Benefits	342	299	174	84	122
Accounts Payable, Accrued Expenses and Other Liabilities	34	34	22	25	24
Operating Lease Liabilities	414	355	331	136	157
Amount Due Pursuant to Tax Receivable Agreement	30	29	30	30	31
Taxes Payable	5	7	7	3	3
Deferred Revenue	8	10	10	13	13
Total Liabilities	834	734	574	291	350
Commitments and Contingencies	—	—	—	—	—
Additional Paid-In Capital	845	689	620	503	391
Retained Earnings	384	229	118	61	−5
Accumulated Other Comprehensive Income (Loss)	3	−2	−467,000	−2	631,000
Treasury Stock at Cost (11,643,793 and 10,343,875 shares at December 31, 2025 and December 31, 2024, respectively)	−924	−729	−493	−376	−267
Total PJT Partners Inc. Equity	308	187	245	185	120
Non-Controlling Interests	701	715	616	574	517
Total Equity	1,009	902	861	760	638
Total Liabilities and Equity	1,843	1,635	1,435	1,051	988

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Equity-Based Compensation Expense	234	209	179	166	109
Depreciation and Amortization Expense	13	13	14	15	16
Amortization of Operating Lease Right-of-Use Assets	18	16	23	21	19
Deferred Taxes	−3	−9	−2	2	7
Provision for Credit Losses	−797,000	4	5	3	3
Other	−4	−2	−935,000	3	−5
Accounts Receivable	−76	−56	52	−32	−61
Other Assets	5	11	−34	−43	−3
Accrued Compensation and Benefits	36	118	88	−35	−131
Accounts Payable, Accrued Expenses and Other Liabilities	−2	−12	−28	−21	−23
Taxes Payable	−2	908,000	3	105,000	847,000
Deferred Revenue	−3	−636,000	−3	55,000	3
Net Cash Provided by Operating Activities	526	531	442	243	124
Purchases of Investments	−182	−370	−329	−144	−98
Proceeds from Sales and Maturities of Investments	200	392	298	94	235
Purchases of Furniture, Equipment and Leasehold Improvements	−46	−3	−4	−3	−6
Cash Paid for Acquisition, Net of Cash Received	0	−11	0	0	—
Net Cash Provided by (Used in) Investing Activities	−29	8	−34	−53	131
Dividends	−25	−24	−24	−25	−78
Proceeds from Revolving Credit Facility	0	0	15	42	15
Payments on Revolving Credit Facility	0	0	−15	−42	−15
Tax Distributions	−41	−48	−43	−38	−38
Employee Taxes Paid for Shares Withheld	−55	−37	−19	−18	−23
Cash-Settled Exchanges of Partnership Units	−134	−61	−22	−15	−110
Treasury Stock Purchases	−195	−235	−117	−109	−103
Payments Pursuant to Tax Receivable Agreement	−5	−3	−2	−5	−2
Net Cash Used in Financing Activities	−454	−409	−228	−210	−353
Effect of Exchange Rate Changes on Cash and Cash Equivalents	11	−2	3	−7	−1
Net Increase in Cash and Cash Equivalents	55	128	182	−27	−99
Payments for Income Taxes, Net of Refunds Received	44	36	23	29	31
Payments for Interest	0	0	20,000	133,000	10,000

Filings

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Frequently asked questions

What is PJT Partners Inc.'s CIK number?

PJT Partners Inc.'s SEC CIK number is 0001626115 (1626115). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find PJT Partners Inc.'s SEC filings?

All of PJT Partners Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did PJT Partners Inc. last report earnings?

PJT Partners Inc. (PJT) most recently filed an earnings 8-K with the SEC on Apr 28, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-183466). This is PJT Partners Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is PJT Partners Inc.'s most recent earnings 8-K?

PJT Partners Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 28, 2026 under accession 0001193125-26-183466. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View PJT Partners Inc.'s latest earnings 8-K →
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