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PJT Partners PJT SA — Alternative Net Capital Requirement1

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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%

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 srt:AlternativeNetCapitalRequirement1.

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 SA — alternative net capital requirement1?
PJT Partners (PJT) reported SA — alternative net capital requirement1 of $30K in Q4 2025.
What does SA — alternative net capital requirement1 mean?
This metric represents the minimum amount of liquid capital that a specific business segment must maintain to satisfy regulatory obligations and operational risk requirements. It serves as a critical indicator of the segment's financial stability and its ability to absorb potential losses while continuing to provide advisory services. Investors use this to assess the regulatory capital burden and liquidity constraints inherent in the firm's specific business lines.