PJT at a glance
PJT Partners Inc. (PJT, SEC CIK 1626115) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on July 28, 2026 and Form 4 insider filings as recently as September 18, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), PJT Partners Inc. (PJT) reported revenue of $1.7 billion (up 14.9% from FY2024) and net income of $180.1 million.
- As of June 30, 2026, 33 institutional investment managers tracked by SignalX reported holding PJT Partners Inc. (PJT) shares worth $1.8 billion in 13F-HR filings.
- In the last 90 days, PJT insiders reported 0 open-market purchases ($0) and 6 open-market sales ($2.4M) on Form 4, a net sale of $2.4M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $1.7B
- +14.9% vs prior year
- Insiders · 90 days
- 0 buys · 6 sells
- Net −$2.4M
- 13F holders
- 33 funds
- $1.8B · −1 vs prior quarter
- Latest 8-K
- Jul 28, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Global advisory-focused investment bank delivering strategic advisory, restructuring, and alternative asset fundraising services
- New emphasis on integrating Artificial Intelligence (AI) into advisory capabilities to enhance service differentiation in a complex environment
- Strategic shift toward expanding global footprint via talent acquisition, strategic investments, and deepening advisory capabilities across industries and geographies
- Employee count 1,224 globally as of Dec 31, 2025, including 133 partners, reflecting talent growth and retention efforts
- Noteworthy 10-year anniversary giving initiative in 2026 enabling employees volunteering 10 hours to direct $1,000 donations to nonprofits
Risk Factors
- Regulatory risk from OECD Pillar Two global minimum tax rules, potential tax increases upon local adoption in jurisdictions PJT operates
- Macroeconomic risk from global M&A transaction count down to five-year low despite 49% volume increase in 2025, exposing revenue timing volatility
- Operational risk due to growing global office footprint increasing Occupancy and Related expenses by $9.0M in 2025 vs 2024
- Competitive disruption risk from increased fund placement competition, with heightened investor selectivity raising bar for new fund manager capital
- Financial risk tied to compensation expense rising $125.9M driven by higher revenues and senior talent investments impacting cost structure
Management Discussion & Analysis
- No explicit revenue or YoY change figures disclosed in provided text
- No profitability or margin figures provided in the excerpt
- Cash position includes cash, equivalents, and investments; credit revolver of $100 million secured on July 29, 2024
- Management expects cash to decline following incentive compensation payouts, then build through the remainder of the year
AI summary of the PJT 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Risk Factors
- No material changes from December 31, 2025 Form 10-K risk factors
- Repurchase-program risk: $800.0 million authorization replaced prior $500.0 million program
- Market-condition risk: repurchases depend on economic conditions, share price, and legal requirements
- Liquidity risk: $759.6 million remained available under the repurchase authorization at June 30, 2026
AI summary of the PJT 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Q2 and six-month results ended June 30, 2026 announced July 28, 2026
- Detailed financial results available in Exhibit 99.1
Item EX-99.1: Item EX-99.1
- Q2 revenue $486.3M, up 20%; strategic advisory, private capital solutions, and restructuring drove growth
- GAAP pretax income $102.1M, up 33%; margin expanded to 21.0% from 18.8%
Item 5.02: Departure/Appointment of Directors or Principal Officers
- CFO Helen Meates steps down October 1, 2026, then retires after a transition period
- Meates retains current base salary and fiscal 2026 bonus eligibility during transition
Item EX-99.1: Item EX-99.1
- Arun Kalra appointed CFO effective October 1, 2026, succeeding Helen Meates
- Meates stepping down after more than a decade, remaining through year-end 2026 for transition
Item 5.07: Submission of Matters to a Vote of Security Holders
- 2026 annual meeting held June 18, 2026, with three proposals submitted to shareholders
- K. Don Cornwell, Peter L.S. Currie, and Thomas M. Ryan elected as directors
AI summaries of PJT 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for PJT
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- Fund moves. Which tracked funds opened, added or cut PJT, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Travin David Adam | A | Sep 16, 2026 | 12 | - |
| Skaugen Grace Reksten | A | Sep 16, 2026 | 9 | - |
| Rafferty Emily K | A | Sep 16, 2026 | 9 | - |
| Meates Helen T | A | Sep 16, 2026 | 21 | - |
| Cornwell Kievdi Don | A | Sep 16, 2026 | 32 | - |
| Costos James | A | Sep 16, 2026 | 15 | - |
| RYAN THOMAS M | A | Sep 16, 2026 | 19 | - |
| CURRIE PETER L S | A | Sep 16, 2026 | 5 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|
| Profitability | ||||
| Revenue | $1.1B | $1.5B | $1.7B | |
| Net Income | $81.8M | $134.4M | $180.1M | |
| Net Margin | 7.1% | 9.1% | 10.6% | |
| Balance Sheet | ||||
| Total Assets | $1.4B | $1.6B | $1.8B | |
| Equity | $244.7M | $187.0M | $308.2M | |
| ROE | 33.4% | 71.9% | 58.4% | |
| Cash Flow | ||||
| Operating CF | $441.5M | $531.0M | $526.3M | |
| CapEx | $3.9M | $3.3M | $45.9M | |
Source: XBRL data in PJT Partners Inc. (PJT)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate PJT share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 33 | $1.84B |
| Q1 2026 | 34 | $1.56B |
| Q4 2025 | 32 | $1.94B |
| Q3 2025 | 32 | $2.09B |
| Q2 2025 | 33 | $1.96B |
| Q1 2025 | 28 | $1.05B |
| Q4 2024 | 24 | $1.01B |
| Q3 2024 | 20 | $378.2M |
- BlackRock+382.2K (+10%)
- FMR LLC (Fidelity)+354.6K (+50%)
- Vanguard Portfolio Management LLC+103.4K (+8%)
- State Street Corp+87.6K (+9%)
- Renaissance Technologies LLC+77.3K (+162%)
- D.E. Shaw & Co−78.1K (-95%)
- Two Sigma Investments−45.4K (-53%)
- Bank of America Corp−33.8K (-11%)
- Morgan Stanley−16.6K (-3%)
- Raymond James Financial−13.1K (-3%)
- Millennium Management−52.2K
Source: 13F-HR filings on SEC EDGAR (aggregated from 236 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
PJT filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 18, 2026 | - | - | - |
| 4 | Sep 18, 2026 | - | - | - |
| 4 | Sep 18, 2026 | - | - | - |
| 4 | Sep 18, 2026 | - | - | - |
| 4 | Sep 18, 2026 | - | - | - |
| 4 | Sep 18, 2026 | - | - | - |
| 4 | Sep 18, 2026 | - | - | - |
| 4 | Sep 18, 2026 | - | - | - |
| 4 | Sep 18, 2026 | - | - | - |
| 4 | Sep 18, 2026 | - | - | - |
| 4 | Aug 21, 2026 | - | - | - |
| 4 | Aug 21, 2026 | - | - | - |
| 4 | Aug 10, 2026 | - | - | - |
| 4 | Aug 3, 2026 | - | - | - |
| 4 | Jul 31, 2026 | - | - | - |
| 10-Q | Jul 30, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 28, 2026 | - | Analysis | - |
| SC 13G | Jul 17, 2026 | - | - | |
| 8-K | Jul 16, 2026 | - | Analysis | - |
| 4 | Jun 18, 2026 | - | - | - |
| 4 | Jun 18, 2026 | - | - | - |
| 4 | Jun 18, 2026 | - | - | - |
| 4 | Jun 18, 2026 | - | - | - |
| 4 | Jun 18, 2026 | - | - | - |
| 4 | Jun 18, 2026 | - | - | - |
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PJT SEC filings: frequently asked questions
Are PJT insiders buying or selling?
In the last 90 days, PJT Partners Inc. (PJT) officers, directors and 10% owners reported no open-market purchases and 6 open-market sales worth $2.4 million by 4 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold PJT stock?
As of June 30, 2026, the largest PJT Partners Inc. (PJT) holders among the 13F filers tracked by SignalX were BlackRock ($615.1 million), Vanguard Portfolio Management LLC ($206.9 million), Vanguard Capital Management LLC ($168.8 million), FMR LLC (Fidelity) ($159.7 million), State Street Corp ($159.0 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was PJT's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), PJT Partners Inc. (PJT) reported revenue of $1.7 billion (up 14.9% from FY2024) and net income of $180.1 million. The figures come from the XBRL data in the 10-K.
What are the main risks in PJT's latest 10-K?
In the 10-K filed February 26, 2026, PJT Partners Inc. (PJT) flagged: Regulatory risk from OECD Pillar Two global minimum tax rules, potential tax increases upon local adoption in jurisdictions PJT operates. Macroeconomic risk from global M&A transaction count down to five-year low despite 49% volume increase in 2025, exposing revenue timing volatility. (AI summary of the Risk Factors section.)
What did PJT report in its latest 8-K?
PJT Partners Inc. (PJT) filed an 8-K on July 28, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Q2 and six-month results ended June 30, 2026 announced July 28, 2026.
What are the latest PJT SEC filings?
PJT Partners Inc. (PJT) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on July 28, 2026 and a Form 4 insider filing on September 18, 2026.
What is PJT's SEC CIK number?
PJT Partners Inc. (PJT)'s SEC Central Index Key (CIK) is 1626115. EDGAR lists every PJT filing under that number.
Ask anything about PJT
The research agent reads PJT's filings, financials, insider trades and 13F holders, then answers with sources.