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PJT Partners PJT Tax Receivable Agreement Payment Due Year Two

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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:TaxReceivableAgreementPaymentDueYearTwo.

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 two?
PJT Partners (PJT) reported tax receivable agreement payment due year two of $2.7M in Q4 2025.
How has PJT Partners's tax receivable agreement payment due year two changed year-over-year?
PJT Partners's tax receivable agreement payment due year two 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 two?
Over 5 years (2020 to 2025), PJT Partners's tax receivable agreement payment due year two has grown at a 31.0% compound annual growth rate (CAGR), from $700K to $2.7M.
What does tax receivable agreement payment due year two mean?
This represents the projected cash payment due under tax receivable agreements specifically in the second year following the reporting period. It is used to forecast medium-term cash flow requirements and debt-servicing capacity. Tracking this helps in modeling the company's multi-year financial obligations.