Short answer
PJT Partners Inc. (PJT) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $442M (up 38.1% year over year) with net income of $40M.
Q3 2025 key financials · XBRL
- Revenue
- $442M
- +38.1% YoY · +10.3% QoQ
- Net income
- $40M
- +79.9% YoY · +21.1% QoQ
Source: XBRL data from the PJT Partners Inc. (PJT) Q3 2025 10-Q on SEC EDGAR. USD.
PJT Partners Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- No revenue or profitability figures presented in this section for YoY comparison
- Guarantee on employee loans $1.6M in Sept 2025, down from $2.0M in Dec 2024
- Tax receivable agreement liability increased to $34.3M from $29.3M since Dec 2024
- Management expects risks from guarantees and indemnifications to be insignificant, no updated guidance or headwinds mentioned
Risk Factors
- Newly added risk: Elevated global restructuring due to liability management, balance sheet issues, and bankruptcy amid tariffs and macro uncertainties in Q3 2025
- Materially updated risk: M&A volume up 33% YoY in Q3 2025 but transaction count declined; recovery pace of M&A markets remains unclear
- Regulatory/legal risk: Bankruptcy engagement fees subject to court approval, adding variability to revenue from restructuring advisory services
- Operational/market risk: Fund placement challenged by slowdown in realizations, with investors focusing on existing relationships amid flight to quality
- Financial risk: Placement fee revenue recognizes interest based on Secured Overnight Financing Rate plus market margin, reflecting exposure to reference rate fluctuations
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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