PJT Partners Inc. (PJT) financial statements: income statement, balance sheet and cash flow
PJT Partners Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), PJT Partners Inc. reported revenue of $1.7B (+14.8% year on year) and net income of $309.7M (+29.9% year on year).
Income statement
PJT Partners Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenues
$1.7B
$1.5B
$1.2B
$1.0B
Compensation and Benefits
$1.2B
$1.0B
$805.4M
$669.1M
Occupancy and Related
$59.7M
$50.7M
$40.4M
$35.3M
Travel and Related
$46.0M
$37.0M
$31.2M
$25.2M
Professional Fees
$36.2M
$37.6M
$36.6M
$27.2M
Communications and Information Services
$37.6M
$20.1M
$17.2M
$16.9M
Depreciation and Amortization
$13.3M
$12.8M
$14.0M
$15.5M
Other Expenses
$19.9M
$32.4M
$30.8M
$34.9M
Total Expenses
$1.4B
$1.2B
$975.6M
$824.0M
Income Before Provision for Taxes
$342.9M
$270.6M
$177.6M
$201.5M
Provision for Taxes
$33.2M
$32.1M
$31.9M
$36.7M
Net Income
$309.7M
$238.5M
$145.7M
$164.8M
Net Income Attributable to Non-Controlling Interests
$129.6M
$104.1M
$63.9M
$74.2M
Net Income Attributable to PJT Partners Inc.
$180.1M
$134.4M
$81.8M
$90.5M
Basic
$7.00
$5.28
$3.24
$3.61
Diluted
$6.68
$4.92
$3.12
$3.51
Basic
25.7M
25.5M
25.3M
25.1M
Diluted
28.6M
44.1M
41.9M
26.6M
PJT Partners Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenues
$486.3M
$418.2M
$447.1M
$406.9M
Compensation and Benefits
$325.6M
$280.3M
$303.3M
$276.8M
Occupancy and Related
$15.8M
$15.6M
$15.4M
$14.9M
Travel and Related
$13.0M
$13.5M
$10.4M
$11.4M
Professional Fees
$10.3M
$9.1M
$9.8M
$9.1M
Communications and Information Services
$10.7M
$10.2M
$8.5M
$9.7M
Depreciation and Amortization
$4.3M
$3.9M
$3.4M
$3.3M
Other Expenses
$4.3M
$5.3M
$5.3M
$5.2M
Total Expenses
$384.2M
$337.8M
$356.1M
$330.4M
Income Before Provision (Benefit) for Taxes
$102.1M
$80.4M
$91.0M
$76.5M
Provision (Benefit) for Taxes
$20.8M
($8.9M)
$16.0M
$15.0M
Net Income
$81.3M
$89.3M
$75.0M
$61.4M
Net Income Attributable to Non-Controlling Interests
$35.5M
$28.8M
$35.1M
$28.5M
Net Income Attributable to PJT Partners Inc.
$45.8M
$60.5M
$39.8M
$32.9M
Basic
$1.71
$2.31
$1.55
$1.27
Diluted
$1.66
$2.21
$1.47
$1.21
Basic
26.8M
26.2M
25.7M
25.8M
Diluted
28.5M
43.3M
28.6M
43.4M
Balance sheet
PJT Partners Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and Cash Equivalents
$538.9M
$483.9M
$355.5M
$173.2M
Investments (at fair value)
$46.9M
$62.9M
$81.4M
$50.2M
Accounts Receivable (net of allowance for credit losses of $1,591 and $2,525 at December 31, 2025 and December 31, 2024, respectively)
$404.3M
$320.8M
$263.5M
$317.8M
Intangible Assets, Net
$7.5M
$13.0M
$13.0M
$17.9M
Goodwill
$191.6M
$191.6M
$172.7M
$172.7M
Furniture, Equipment and Leasehold Improvements, Net
$61.0M
$22.1M
$25.9M
$30.7M
Operating Lease Right-of-Use Assets
$339.0M
$312.9M
$299.2M
$119.0M
Other Assets
$159.1M
$142.9M
$151.3M
$99.9M
Deferred Tax Asset, Net
$95.0M
$85.2M
$72.5M
$69.2M
Total Assets
$1.8B
$1.6B
$1.4B
$1.1B
Accrued Compensation and Benefits
$342.4M
$299.3M
$174.4M
$83.9M
Accounts Payable, Accrued Expenses and Other Liabilities
$34.0M
$33.6M
$22.3M
$24.8M
Operating Lease Liabilities
$413.9M
$354.5M
$330.6M
$135.6M
Amount Due Pursuant to Tax Receivable Agreement
$30.3M
$29.3M
$29.7M
$30.3M
Taxes Payable
$5.2M
$7.4M
$6.6M
$3.5M
Deferred Revenue
$8.4M
$9.6M
$10.3M
$13.0M
Total Liabilities
$834.2M
$733.7M
$573.8M
$291.1M
Common stock, value
$360.0K
$340.0K
$324.0K
$310.0K
Additional Paid-In Capital
$845.1M
$688.7M
$619.7M
$502.6M
Retained Earnings
$384.2M
$228.6M
$118.3M
$61.0M
Accumulated Other Comprehensive Income (Loss)
$2.8M
($1.7M)
($467.0K)
($2.3M)
Treasury Stock at Cost (11,643,793 and 10,343,875 shares at December 31, 2025 and December 31, 2024, respectively)
-924.2M
-729.0M
-493.2M
-376.5M
Total PJT Partners Inc. Equity
$308.2M
$187.0M
$244.7M
$185.1M
Non-Controlling Interests
$700.8M
$714.6M
$616.5M
$574.5M
Total Equity
$1.0B
$901.6M
$861.2M
$759.6M
Total Liabilities and Equity
$1.8B
$1.6B
$1.4B
$1.1B
PJT Partners Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and Cash Equivalents
$235.5M
$308.8M
$400.5M
$214.6M
Investments (at fair value)
$299.3M
$79.4M
$120.7M
$103.8M
Accounts Receivable (net of allowance for credit losses of $1,393 and $1,591 at June 30, 2026 and December 31, 2025, respectively)
$394.5M
$348.9M
$371.3M
$359.0M
Intangible Assets, Net
$4.9M
$6.2M
$8.7M
$10.2M
Goodwill
$191.6M
$191.6M
$191.6M
$191.6M
Furniture, Equipment and Leasehold Improvements, Net
$73.8M
$66.4M
$46.0M
$33.1M
Operating Lease Right-of-Use Assets
$341.6M
$345.0M
$340.8M
$346.3M
Other Assets
$112.5M
$117.3M
$149.4M
$164.1M
Deferred Tax Asset, Net
$102.2M
$100.3M
$90.1M
$88.8M
Total Assets
$1.8B
$1.6B
$1.7B
$1.5B
Accrued Compensation and Benefits
$260.3M
$131.8M
$297.3M
$156.7M
Accounts Payable, Accrued Expenses and Other Liabilities
$37.9M
$27.8M
$30.1M
$40.0M
Operating Lease Liabilities
$419.4M
$421.5M
$413.2M
$414.7M
Amount Due Pursuant to Tax Receivable Agreement
$36.0M
$34.6M
$34.3M
$33.5M
Taxes Payable
$4.3M
$4.2M
$6.8M
$6.6M
Deferred Revenue
$14.7M
$14.2M
$6.9M
$11.4M
Total Liabilities
$772.6M
$634.1M
$788.7M
$662.8M
Common stock, value
$380.0K
$380.0K
$359.0K
$359.0K
Additional Paid-In Capital
$871.5M
$817.8M
$808.0M
$779.9M
Retained Earnings
$477.6M
$438.2M
$336.9M
$303.2M
Accumulated Other Comprehensive Income (Loss)
$1.3M
$1.9M
$2.8M
$3.5M
Treasury Stock at Cost (12,405,645 and 11,643,793 shares at June 30, 2026 and December 31, 2025, respectively)
-1.0B
-985.5M
-919.5M
-919.5M
Total PJT Partners Inc. Equity
$312.1M
$272.7M
$228.6M
$167.4M
Non-Controlling Interests
$671.1M
$657.0M
$701.9M
$681.2M
Total Equity
$983.2M
$929.7M
$930.4M
$848.6M
Total Liabilities and Equity
$1.8B
$1.6B
$1.7B
$1.5B
Cash flow statement
PJT Partners Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net Income
$309.7M
$238.5M
$145.7M
$164.8M
Equity-Based Compensation Expense
$234.3M
$209.2M
$178.5M
$165.5M
Depreciation and Amortization Expense
$13.3M
$12.8M
$14.0M
$15.5M
Amortization of Operating Lease Right-of-Use Assets
$17.9M
$15.9M
$22.6M
$20.7M
Deferred Taxes
($3.2M)
($8.5M)
($1.9M)
$1.8M
Provision for Credit Losses
($797.0K)
$3.7M
$4.9M
$2.8M
Other
($3.9M)
($1.9M)
($935.0K)
$2.8M
Accounts Receivable
($75.9M)
($55.9M)
$51.9M
($32.5M)
Other Assets
$5.4M
$11.0M
($33.5M)
($42.7M)
Accrued Compensation and Benefits
$36.0M
$118.1M
$88.2M
($35.3M)
Accounts Payable, Accrued Expenses and Other Liabilities
($1.6M)
($12.2M)
($28.2M)
$1.7M
Taxes Payable
($2.4M)
$908.0K
$3.0M
$105.0K
Deferred Revenue
($2.7M)
($636.0K)
($2.8M)
$55.0K
Net Cash Provided by Operating Activities
$526.3M
$531.0M
$441.5M
$242.7M
Purchases of Investments
($182.4M)
($370.0M)
($328.8M)
($143.9M)
Proceeds from Sales and Maturities of Investments
$199.7M
$392.1M
$298.3M
$94.1M
Purchases of Furniture, Equipment and Leasehold Improvements
($45.9M)
($3.3M)
($3.9M)
($3.4M)
Cash Paid for Acquisition, Net of Cash Received
$0
($10.7M)
—
—
Net Cash Provided by (Used in) Investing Activities
($28.5M)
$8.1M
($34.3M)
($53.2M)
Dividends
($24.5M)
($24.1M)
($24.4M)
($24.6M)
Proceeds from Revolving Credit Facility
$0
$0
$15.0M
$42.0M
Payments on Revolving Credit Facility
$0
$0
($15.0M)
($42.0M)
Tax Distributions
($40.8M)
($47.8M)
($42.9M)
($38.3M)
Employee Taxes Paid for Shares Withheld
-54.9M
-37.5M
-19.4M
-17.8M
Cash-Settled Exchanges of Partnership Units
($133.7M)
($60.7M)
($22.3M)
($15.1M)
Treasury Stock Purchases
($195.2M)
($235.1M)
($116.7M)
($109.5M)
Payments Pursuant to Tax Receivable Agreement
($4.6M)
($3.5M)
($2.3M)
($4.7M)
Net Cash Used in Financing Activities
($453.8M)
($408.7M)
($228.1M)
($210.0M)
Effect of Exchange Rate Changes on Cash and Cash Equivalents
$11.0M
($2.0M)
$3.2M
($6.7M)
Net Increase in Cash and Cash Equivalents
$55.0M
$128.3M
$182.3M
($27.2M)
Cash and Cash Equivalents, Beginning of Period
$483.9M
$355.5M
$173.2M
$200.5M
Cash and Cash Equivalents, End of Period
$538.9M
$483.9M
$355.5M
$173.2M
Payments for Income Taxes, Net of Refunds Received
$44.4M
$36.1M
$23.3M
$28.6M
Payments for Interest
$0
$0
$20.0K
$133.0K
PJT Partners Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net Income
$170.5M
$89.3M
$210.6M
$135.6M
Equity-Based Compensation Expense
$140.6M
$85.1M
$185.8M
$138.3M
Depreciation and Amortization Expense
$8.3M
$3.9M
$9.9M
$6.5M
Amortization of Operating Lease Right-of-Use Assets
$9.6M
$4.7M
$13.3M
$8.9M
Provision (Benefit) for Credit Losses
$213.0K
$170.0K
$1.9M
$2.7M
Other
($3.9M)
($2.7M)
($6.5M)
($5.2M)
Accounts Receivable
$7.1M
$53.9M
($45.1M)
($32.7M)
Other Assets
$47.9M
$45.5M
$15.9M
$522.0K
Accrued Compensation and Benefits
($79.7M)
($208.9M)
($7.5M)
($147.7M)
Accounts Payable, Accrued Expenses and Other Liabilities
($4.9M)
($11.8M)
($2.8M)
$7.0M
Taxes Payable
($829.0K)
($997.0K)
($775.0K)
($1.1M)
Deferred Revenue
$6.3M
$5.9M
($4.2M)
$1.8M
Net Cash Provided by (Used in) Operating Activities
$301.2M
$64.3M
$370.6M
$114.5M
Purchases of Investments
($328.3M)
($59.4M)
($162.8M)
($81.8M)
Proceeds from Sales and Maturities of Investments
$78.4M
$26.9M
$105.9M
$42.5M
Purchases of Furniture, Equipment and Leasehold Improvements
($18.8M)
($8.3M)
($28.7M)
($13.5M)
Net Cash Provided by (Used in) Investing Activities
($268.7M)
($40.7M)
($85.5M)
($52.8M)
Dividends
($12.9M)
($6.5M)
($18.4M)
($12.4M)
Tax Distributions
$0
—
($597.0K)
($597.0K)
Employee Taxes Paid for Shares Withheld
-47.3M
-47.0M
-54.3M
-54.2M
Cash-Settled Exchanges of Partnership Units
($158.6M)
($136.0M)
($114.4M)
($81.3M)
Treasury Stock Purchases
($114.5M)
($61.3M)
($190.5M)
($190.5M)
Payments Pursuant to Tax Receivable Agreement
$0
$0
($409.0K)
($410.0K)
Net Cash Provided by (Used in) Financing Activities
($333.4M)
($250.8M)
($378.6M)
($339.3M)
Effect of Exchange Rate Changes on Cash and Cash Equivalents
($2.4M)
($2.9M)
$10.1M
$8.4M
Net Increase (Decrease) in Cash and Cash Equivalents
($303.3M)
($230.1M)
($83.4M)
($269.3M)
Cash and Cash Equivalents, Beginning of Period
$538.9M
$538.9M
$483.9M
$483.9M
Cash and Cash Equivalents, End of Period
$235.5M
$308.8M
$400.5M
$214.6M
Payments for Income Taxes, Net of Refunds Received