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PJT Partners PJT Tax Receivable Agreement Payment Due Year Four

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Other financials

Income statement

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Revenue$418.2M+28.9%
Net income$60.5M+12.0%
EPS (diluted)$2.21+11.1%

Balance sheet

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Cash & equivalents$308.8M+58.9%
Total debt$421.5M+2.7%
Total equity$272.7M+83.3%
Total assets$1.6B+12.0%

Cash flow

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Operating cash flow$64.3M+185%
CapEx$8.3M+317%
Free cash flow$56.0M+172%

Valuation

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Market cap$4.01B+5.1%
Enterprise value$4.13B+1.8%
P/E21.5×-3.0×
P/S2.2×-0.3×

Profitability

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Net margin10.3%-0.1pp
FCF margin34%+1.1pp

Returns & leverage

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Return on equity88.5%-7.8pp
Debt / equity1.5×-1.2×

Where this comes from

Reported directly by PJT Partners in its filing.

Tagged under the XBRL concept pjt:TaxReceivableAgreementPaymentDueYearFour.

The official record: PJT Partners’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is PJT Partners's tax receivable agreement payment due year four?
PJT Partners (PJT) reported tax receivable agreement payment due year four of $2.7M in Q4 2025.
How has PJT Partners's tax receivable agreement payment due year four changed year-over-year?
PJT Partners's tax receivable agreement payment due year four increased by 8.0% year-over-year, from $2.5M to $2.7M.
What is the long-term trend for PJT Partners's tax receivable agreement payment due year four?
Over 5 years (2020 to 2025), PJT Partners's tax receivable agreement payment due year four has grown at a 15.7% compound annual growth rate (CAGR), from $1.3M to $2.7M.
What does tax receivable agreement payment due year four mean?
This metric identifies the expected payment obligation under tax receivable agreements for the fourth year. It serves as a component of the company's long-term liability schedule. Analyzing this helps investors project the impact of these specific contractual obligations on future free cash flow.