Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
|
Revenues | ||||
Revenues | $ 406,884 | $ 360,181 | $ 731,415 | $ 689,574 |
Expenses | ||||
Compensation and Benefits | 276,834 | 250,326 | 497,976 | 479,254 |
Occupancy and Related | 14,865 | 12,107 | 28,773 | 24,268 |
Travel and Related | 11,445 | 9,055 | 22,608 | 18,156 |
Professional Fees | 9,065 | 8,780 | 16,436 | 17,129 |
Communications and Information Services | 9,716 | 8,577 | 18,876 | 16,437 |
Depreciation and Amortization | 3,282 | 3,112 | 6,494 | 6,610 |
Other Expenses | 5,198 | 3,825 | 11,195 | 9,418 |
Total Expenses | 330,405 | 295,782 | 602,358 | 571,272 |
Income Before Provision (Benefit) for Taxes | 76,479 | 64,399 | 129,057 | 118,302 |
Provision (Benefit) for Taxes | 15,041 | 11,368 | (6,544) | 11,899 |
Net Income | 61,438 | 53,031 | 135,601 | 106,403 |
Net Income Attributable to Non-Controlling Interests | 28,538 | 24,715 | 48,685 | 45,464 |
Net Income Attributable to PJT Partners Inc. | 32,900 | 28,316 | 86,916 | 60,939 |
Advisory Fees | ||||
Revenues | ||||
Revenues | 354,521 | 307,082 | 636,708 | 595,763 |
Placement Fees | ||||
Revenues | ||||
Revenues | 43,219 | 46,873 | 79,250 | 81,362 |
Interest Income and Other | ||||
Revenues | ||||
Revenues | $ 9,144 | $ 6,226 | $ 15,457 | $ 12,449 |
Class A Common Stock | ||||
Net Income Per Share of Class A Common Stock | ||||
Basic | $ 1.27 | $ 1.12 | $ 3.38 | $ 2.39 |
Diluted | $ 1.21 | $ 1.06 | $ 3.21 | $ 2.29 |
Weighted-Average Shares of Class A Common Stock Outstanding | ||||
Basic | 25,835,812 | 25,376,186 | 25,681,563 | 25,533,358 |
Diluted | 43,440,009 | 43,091,718 | 43,951,488 | 43,427,605 |
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Expenses incurred for travel and entertainment during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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