PJT Partners Inc. (PJT) SEC Filings & Earnings Calls
EquiReason read 11 PJT Partners Inc. SEC filings in the last 12 months. Latest: 10-Q on 2026-07-30 — PJT reported Q2 2026 revenue of $486.3M (+20% YoY) and net income of $45.8M (+39% YoY), driven by strategic advisory, private capital solutions, and restructuring..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 3.6B
- P/E TTM
- 23.7
- Dividend yield
- 0.7%
- 52-week
- —
- Next earnings
- 27 Oct, in 3 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
30 Jul 202610-QPJT reported Q2 2026 revenue of $486.3M (+20% YoY) and net income of $45.8M (+39% YoY), driven by strategic advisory, private capital solutions, and restructuring.earningsopen
Figures in the filing · each found in the filing text
| Revenues · Q2-2026 | $486M | +20% y/y |
| Net Income Attributable to PJT Partners Inc. · Q2-2026 | $46M | +39% y/y |
| Total Number of Clients · Q2-2026 | 252 | +8% y/y |
| Total Number of Fees of at least $1 Million from Client Transactions · Q2-2026 | 74 | +3% y/y |
Risks flagged
M&A market cyclicality and sentiment risk
“Mergers and acquisitions (“M&A”) is a cyclical business that is impacted by macroeconomic conditions.” · word for word
Fund placement activity slowdown
“Fund placement activity remains challenging given the overall slowdown in realizations and the supply of alternative investment opportunities in the market seeking capital.” · word for word
28 Jul 20268-K · 2.02Revenues $486M (+20% y/y); GAAP Pretax Income $102M (+33% y/y); Adjusted EPS $1.97 (+28% y/y)earningsopen
Figures in the filing · each found in the filing text
| Revenues · Q2-2026 | $486M | +20% y/y |
| GAAP Pretax Income · Q2-2026 | $102M | +33% y/y |
| Adjusted EPS · Q2-2026 | $1.97 | +28% y/y |
| Cash, Cash equivalents and Short-term investments · Q2-2026 | $535M |
Risks flagged
No funded debt but reliance on advisory fees exposes to M&A cycle risk
“No funded debt; revenue dependent on strategic advisory, private capital, restructuring”
16 Jul 20268-K · 5.02Reported the departure of a director or principal officer (CEO/CFO change); filed financial statements and exhibits with this reportopen
Risks flagged
CFO departure could introduce transition risk, but internal appointment mitigates disruption.
“CFO Helen Meates stepping down; Arun Kalra appointed as successor with decade of experience at the company.”
30 Apr 202610-QRevenues $418M (+29% y/y); Net Income Attributable to PJT Partners Inc. $61M (+12% y/y); Total Number of Clients 229 (-1% y/y)open
Figures in the filing · each found in the filing text
| Revenues · Q1-2026 | $418M | +29% y/y |
| Net Income Attributable to PJT Partners Inc. · Q1-2026 | $61M | +12% y/y |
| Total Number of Clients · Q1-2026 | 229 | -1% y/y |
| Total Number of Fees of at least $1 Million from Client Transactions · Q1-2026 | 61 | -6% y/y |
Risks flagged
M&A cyclicality and macroeconomic uncertainty
“Mergers and acquisitions (“M&A”) is a cyclical business that is impacted by macroeconomic conditions.” · word for word
Fund placement activity challenges
“Fund placement activity remains challenging given the overall slowdown in realizations and the supply of alternative investment opportunities in the market seeking capital.” · word for word
29 Apr 2026DEF 14AAnnual proxy statement filed, disclosing executive compensation, governance practices, and 2025 financial highlights.open
Figures in the filing · each found in the filing text
| Total Revenues · FY2025 | $1.71B | +15% y/y |
| GAAP Diluted EPS · FY2025 | $6.68 | +36% y/y |
| Adjusted EPS · FY2025 | $6.98 | +39% y/y |
| Cash, cash equivalents and short-term investments · 2025-12-31 | $586M | |
| Shares repurchased · FY2025 | 2,400,000 | |
| Annual dividend per share · FY2025 | $1.00 | |
| GAAP Pretax Margin · FY2025 | 20.0% | |
| Adjusted Pretax Margin · FY2025 | 20.8% | |
| Company-wide headcount · 2025-12-31 | 1,224 | +7% y/y |
| Number of partners · 2025-12-31 | 133 |
Risks flagged
Talent retention risk
“The financial services industry is intensely competitive, and we expect it to remain so. Our competitors for talent include other investment banking and financial advisory firms as well as private equity firms, hedge funds, and corporate entities.” · word for word
Cybersecurity risk
“Given the potential impact of a security breach on our business and reputation, we are committed to continued investment in our technology to ensure the security of our information.” · word for word
28 Apr 20268-K · 2.02Revenues $418M (+29% y/y); GAAP Pretax Income $80M (+53% y/y); GAAP Diluted EPS $2.21 (+11% y/y)earningsopen
Figures in the filing · each found in the filing text
| Revenues · Q1-2026 | $418M | +29% y/y |
| GAAP Pretax Income · Q1-2026 | $80M | +53% y/y |
| GAAP Diluted EPS · Q1-2026 | $2.21 | +11% y/y |
| Adjusted EPS · Q1-2026 | $1.54 | +47% y/y |
Risks flagged
Market dependence; advisory revenues can be cyclical.
“We remain well positioned to thrive across a broad range of market environments” · word for word
26 Feb 202610-KTotal Revenues $1.71B (+15% y/y); Advisory Fees $1.50B (+14% y/y); Placement Fees $182M (+24% y/y)open
Figures in the filing · each found in the filing text
| Total Revenues · FY2025 | $1.71B | +15% y/y |
| Advisory Fees · Advisory · FY2025 | $1.50B | +14% y/y |
| Placement Fees · Placement · FY2025 | $182M | +24% y/y |
| Net Income Attributable to PJT Partners Inc. · FY2025 | $180M | +34% y/y |
| Total Number of Clients · FY2025 | 436 | +4% y/y |
| Total Number of Fees of at least $1 Million from Client Transactions · FY2025 | 255 | +11% y/y |
Guidance
Management notes favorable M&A momentum into 2026 but acknowledges market sentiment can change quickly. No explicit numerical guidance provided.
Risks flagged
M&A Cyclicality and Macroeconomic Uncertainty
“M&A is a cyclical business that is impacted by macroeconomic conditions. There are several factors influencing global M&A activity in the intermediate term, including monetary policy, global trade policies, greater economic and geopolitical uncertainty, and global growth.” · word for word
Fund Placement Activity Challenging
“Fund placement activity remains challenging given the overall slowdown in realizations and the supply of alternative investment opportunities in the market seeking capital.” · word for word
3 Feb 20268-K · 2.02Revenues $1.71B (+15% y/y); Revenues $535M (+12% y/y); GAAP Pretax Income $343M (+27% y/y)earningsopen
Figures in the filing · each found in the filing text
| Revenues · FY2025 | $1.71B | +15% y/y |
| Revenues · Q4-2025 | $535M | +12% y/y |
| GAAP Pretax Income · FY2025 | $343M | +27% y/y |
| Adjusted Pretax Income · FY2025 | $357M | +28% y/y |
| GAAP Diluted EPS · FY2025 | $6.68 | +36% y/y |
| Adjusted EPS · FY2025 | $6.98 | +39% y/y |
| Advisory Fees · Advisory · FY2025 | $1.50B | +14% y/y |
| Placement Fees · Placement · FY2025 | $182M | +24% y/y |
26 Nov 20258-K · 8.01Disclosed a material event under other events (litigation, recall, contract loss, or major announcement)open
Risks flagged
Insider exchange may signal CEO liquidity needs or diversification; limited dilution risk
“CEO exchanging up to 144,000 units over four quarters; represents ~2.5% of his total economic ownership.”
6 Nov 202510-QPJT reported strong Q3 2025 results with total revenue up 37% YoY and net income up 82% YoY, driven by strategic advisory and fund placement.earningsopen
Figures in the filing · each found in the filing text
| Total Revenues · Q3-2025 | $447M | +37% y/y |
| Advisory Fees · Advisory · Q3-2025 | $390M | +37% y/y |
| Placement Fees · Placement · Q3-2025 | $49M | +51% y/y |
| Net Income Attributable to PJT Partners Inc. · Q3-2025 | $40M | +80% y/y |
| Total Number of Clients · Q3-2025 | 237 | +8% y/y |
| Total Number of Fees of at least $1 Million from Client Transactions · Q3-2025 | 68 | +45% y/y |
Risks flagged
M&A cyclicality and macroeconomic uncertainty
“Mergers and acquisitions (“M&A”) is a cyclical business that is impacted by macroeconomic conditions.” · word for word
Fund placement headwinds from limited partner selectivity
“Fund placement activity remains challenging given the overall slowdown in realizations and the supply of alternative investment opportunities in the market seeking capital.” · word for word
4 Nov 20258-K · 2.02Total revenues $447M (+37% y/y); Advisory fees $390M (+37% y/y); Placement fees $49M (+51% y/y)earningsopen
Figures in the filing · each found in the filing text
| Total revenues · Q3-2025 | $447M | +37% y/y |
| Advisory fees · Q3-2025 | $390M | +37% y/y |
| Placement fees · Q3-2025 | $49M | +51% y/y |
| GAAP pretax income · Q3-2025 | $91M | +84% y/y |
| Adjusted pretax income · Q3-2025 | $94M | +86% y/y |
| GAAP diluted EPS · Q3-2025 | $1.47 | +86% y/y |
| Adjusted EPS · Q3-2025 | $1.85 | +99% y/y |
| Cash and short-term investments · Q3-2025 | $521M |
Risks flagged
Compensation expense growth may pressure margins if revenue slows
“Compensation and Benefits Expense was $303 million for the current quarter compared with $227 million in the prior year” · word for word
Dependence on M&A and capital markets activity
“Advisory and placement fees are cyclical and dependent on market conditions”
PJT Partners Inc. — questions
- What did PJT Partners Inc. file recently?
- 11 SEC filings in the last 12 months. Latest: 10-Q on 2026-07-30 — PJT reported Q2 2026 revenue of $486.3M (+20% YoY) and net income of $45.8M (+39% YoY), driven by strategic advisory, private capital solutions, and restructuring.
Every figure on this page comes from PJT Partners Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.