v3.26.1
Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets    
Cash and Cash Equivalents $ 308,776 $ 538,858
Investments (at fair value) 79,354 46,940
Accounts Receivable (net of allowance for credit losses of $1,761 and $1,591 at March 31, 2026 and December 31, 2025, respectively) 348,941 404,322
Intangible Assets, Net 6,182 7,452
Goodwill 191,614 191,614
Furniture, Equipment and Leasehold Improvements, Net 66,353 61,042
Operating Lease Right-of-Use Assets 345,004 338,951
Other Assets 117,281 159,114
Deferred Tax Asset, Net 100,274 94,957
Total Assets 1,563,779 1,843,250
Liabilities and Equity    
Accrued Compensation and Benefits 131,770 342,352
Accounts Payable, Accrued Expenses and Other Liabilities 27,785 34,049
Operating Lease Liabilities 421,499 413,918
Amount Due Pursuant to Tax Receivable Agreement 34,556 30,288
Taxes Payable 4,221 5,227
Deferred Revenue 14,225 8,373
Total Liabilities 634,056 834,207
Commitments and Contingencies
Equity    
Additional Paid-In Capital 817,797 845,060
Retained Earnings 438,161 384,187
Accumulated Other Comprehensive Income (Loss) 1,857 2,825
Treasury Stock at Cost (12,059,341 and 11,643,793 shares at March 31, 2026 and December 31, 2025, respectively) (985,466) (924,185)
Total PJT Partners Inc. Equity 272,729 308,247
Non-Controlling Interests 656,994 700,796
Total Equity 929,723 1,009,043
Total Liabilities and Equity 1,563,779 1,843,250
Class A Common Stock    
Equity    
Common stock, value $ 380 $ 360