PJT Partners

PJT Partners helps big companies and governments solve difficult financial puzzles. They provide expert advice on merging businesses or managing large debts. These services help clients raise money and handle complex financial changes.

Core Services and Solutions

• Strategic Advisory: Guidance on mergers and acquisitions (M&A); includes selling business units, managing joint ventures, and handling investor relationships.
• Restructuring Services: Advice for companies facing financial distress; focuses on reorganizing debts and managing legal bankruptcy processes.
• Fund Placement: Capital raising and liquidity solutions for private investment fund managers and their investors.
• Capital Markets Advisory: Support for businesses raising money through public stock offerings, blank-check companies, or private debt deals.

Expanding the Global Footprint

• Acquired deNovo Corporate Advisors businesses to expand the firm's advisory reach into the Middle East.
• Authorized a new $800 million share repurchase program in April 2026 to buy back the firm's own stock.
• Established new European subsidiaries in locations including Germany, France, and Sweden to grow the firm's international presence.
• Entered a $100 million revolving credit agreement in July 2024 to provide a source of backup operating cash.

An Integrated Advisory Model

PJT Partners operates as a single unified team rather than through separate divisions. This model allows experts from different areas, such as debt reorganization and mergers, to collaborate on every client engagement.

Key Financial Performance

• Total revenues reached $418.2 million in Q1 2026, up 28.9% from $324.5 million in Q1 2025.
• Income before taxes hit $80.4 million in Q1 2026, an increase of 53% over the prior year.
• Free cash flow turned positive at $56 million in Q1 2026, improving from a $77.9 million loss in Q1 2025.
• Net income for stockholders reached $60.5 million in Q1 2026, up 12% from $54 million in Q1 2025.

Bottom Line

PJT Partners has transitioned from a specialized advisory firm into a diversified global investment bank. Its unified team model and expanding international footprint have supported steady revenue and profit growth since its 2015 spin-off.