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PJT Partners Inc. 10-Q Filings

PJT NYSE

Every 10-Q that PJT Partners Inc. (PJT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow PJT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PJT filings page.

Rhea-AI Summary

PJT Partners Inc. reported strong growth for the three and six months ended June 30, 2026. Revenue was $486.3 million for the quarter, up 20% from 2025, and $904.5 million year-to-date, up 24%. Income before taxes rose to $102.1 million in Q2 and $182.5 million year-to-date, with net income attributable to PJT Partners Inc. of $45.8 million for the quarter and $106.3 million for six months. Diluted EPS on Class A shares was $1.66 for Q2 and $3.87 year-to-date, compared with $1.21 and $3.21 in the prior-year periods.

The company cited stronger strategic advisory, private capital solutions, and restructuring activity as key revenue drivers. Total expenses increased 16% in Q2 and 20% year-to-date, mainly from higher compensation tied to performance and continued investments in offices, technology infrastructure, market data, senior advisors and travel.

Operating cash flow reached $301.2 million for the first half of 2026, compared with $114.5 million a year earlier. Cash, cash equivalents, and short-term investments totaled $534.8 million at June 30, 2026, with no borrowings under the $100 million revolving credit facility. During the first half, PJT repurchased 0.8 million Class A shares for $114.5 million and paid $0.50 per share in dividends, leaving $759.6 million of remaining share repurchase authorization.

Rhea-AI Summary

PJT Partners Inc. reported strong first-quarter 2026 results, with revenues of $418.2 million, up 29% from the prior year. Higher activity in strategic advisory, private capital solutions and restructuring drove the increase.

Expenses rose 24% to $337.8 million, mainly from higher compensation, travel, occupancy and professional fees, leading to income before taxes of $80.4 million, up 53%. Net income was $89.3 million and net income attributable to PJT Partners Inc. grew 12% to $60.5 million, or $2.31 basic and $2.21 diluted earnings per share of Class A common stock.

Operating cash flow was $64.3 million, while cash and cash equivalents declined to $308.8 million after $61.3 million of share repurchases and $136.0 million cash exchanges of partnership units. The company ended the quarter with total assets of $1.56 billion, no borrowings under its $100 million revolving credit facility, and remained well above required regulatory capital levels.

Rhea-AI Summary

PJT Partners Inc. reported stronger Q3 results. Total revenues were $447.093 million, up 37% year over year, led by advisory fees of $389.799 million and placement fees of $49.156 million. Income before taxes rose to $90.953 million, and net income attributable to PJT Partners Inc. was $39.839 million. Diluted EPS was $1.47. The effective tax rate for the quarter was 17.6%.

For the first nine months of 2025, revenues reached $1,178.508 million and net income attributable to PJT Partners Inc. was $126.755 million. Operating cash flow was $370.591 million, ending cash and cash equivalents were $400.452 million. The company repurchased 1.3 million Class A shares for $190.5 million year-to-date, with $87.2 million remaining on its authorization. A quarterly dividend of $0.25 per Class A share was declared, payable December 17, 2025 to holders of record on December 3, 2025. PJT reported total assets of $1,719.133 million and had no borrowings outstanding on its $100 million revolving credit facility.