For the quarter ending 2026-03-31, PJT had -$230,082K decrease in cash & cash equivalents over the period. $55,995K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 89,253 | 99,180 | 74,957 | 135,601 |
| Equity-based compensation expense | 85,132 | 48,523 | 47,571 | 138,250 |
| Depreciation and amortization expense | 3,946 | 3,443 | 3,406 | 6,494 |
| Amortization of operating lease right-of-use assets | 4,731 | 4,587 | 4,455 | 8,862 |
| Deferred taxes | - | -3,154 | - | - |
| Provision (benefit) for credit losses | 170 | -2,720 | -756 | 2,679 |
| Other | 2,692 | -2,544 | 1,240 | 5,234 |
| Accounts receivable | -53,912 | 30,714 | 12,443 | 32,697 |
| Other assets | -45,545 | 10,575 | -15,426 | -522 |
| Accrued compensation and benefits | -208,892 | 43,528 | 140,245 | -147,730 |
| Accounts payable, accrued expenses and other liabilities | -11,751 | 1,138 | -9,803 | 7,033 |
| Taxes payable | -997 | -1,587 | 342 | -1,117 |
| Deferred revenue | 5,894 | 1,514 | -6,057 | 1,825 |
| Net cash provided by (used in) operating activities | 64,251 | 155,707 | 256,103 | 114,488 |
| Purchases of investments | 59,360 | 19,628 | 80,917 | 81,848 |
| Proceeds from sales and maturities of investments | 26,943 | 93,777 | 63,406 | 42,526 |
| Purchases of furniture, equipment and leasehold improvements | 8,256 | 17,154 | 15,207 | 13,500 |
| Cash paid for acquisition, net of cash received | - | 0 | - | - |
| Net cash provided by (used in) investing activities | -40,673 | 56,995 | -32,718 | -52,822 |
| Dividends | 6,527 | 6,086 | 6,085 | 12,351 |
| Proceeds from revolving credit facility | - | 0 | - | - |
| Payments on revolving credit facility | - | 0 | - | - |
| Tax distributions | - | 40,247 | 0 | 597 |
| Employee taxes paid for shares withheld | 46,955 | 597 | 95 | 54,190 |
| Cash-settled exchanges of partnership units | 135,994 | 19,355 | 33,136 | 81,252 |
| Treasury stock purchases | 61,281 | 4,723 | 0 | 190,500 |
| Payments pursuant to tax receivable agreement | 0 | 4,169 | -1 | 410 |
| Net cash provided by (used in) financing activities | -250,757 | -75,177 | -39,315 | -339,300 |
| Effect of exchange rate changes on cash and cash equivalents | -2,903 | 881 | 1,767 | 8,372 |
| Net increase (decrease) in cash and cash equivalents | -230,082 | 138,406 | 185,837 | -269,262 |
| Cash and cash equivalents, beginning of period | 538,858 | 400,452 | 483,877 | - |
| Cash and cash equivalents, end of period | 308,776 | 538,858 | 400,452 | - |
PJT Partners Inc. (PJT)
PJT Partners Inc. (PJT)