PJT Partners | 10-Q: FY2025 Q2 Revenue Beats Estimate at USD 406.88 M

LB filings
2025.07.31 20:33
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Revenue: As of FY2025 Q2, the actual value is USD 406.88 M, beating the estimate of USD 390.19 M.

EPS: As of FY2025 Q2, the actual value is USD 1.21, meeting the estimate of USD 1.21.

EBIT: As of FY2025 Q2, the actual value is USD 76.48 M.

Segment Revenue

  • Advisory Fees: $354.5 million for the three months ended June 30, 2025, an increase of 15% from $307.1 million in the same period in 2024. For the six months ended June 30, 2025, advisory fees were $636.7 million, up 7% from $595.8 million in 2024.
  • Placement Fees: $43.2 million for the three months ended June 30, 2025, a decrease of 8% from $46.9 million in 2024. For the six months ended June 30, 2025, placement fees were $79.3 million, down 3% from $81.4 million in 2024.
  • Interest Income and Other: $9.1 million for the three months ended June 30, 2025, a 47% increase from $6.2 million in 2024. For the six months ended June 30, 2025, it was $15.5 million, up 24% from $12.4 million in 2024.

Operational Metrics

  • Net Income: $61.4 million for the three months ended June 30, 2025, a 16% increase from $53.0 million in 2024. For the six months ended June 30, 2025, net income was $135.6 million, a 27% increase from $106.4 million in 2024.
  • Compensation and Benefits: $276.8 million for the three months ended June 30, 2025, an 11% increase from $250.3 million in 2024. For the six months ended June 30, 2025, it was $498.0 million, up 4% from $479.3 million in 2024.

Cash Flow

  • Net Cash Provided by Operating Activities: $114.5 million for the six months ended June 30, 2025, compared to $154.8 million in 2024.
  • Net Cash Used in Financing Activities: -$339.3 million for the six months ended June 30, 2025, compared to -$238.8 million in 2024.

Future Outlook and Strategy

  • Core Business Focus: PJT Partners Inc. anticipates continued growth in strategic advisory revenues, driven by an increase in M&A activity and restructuring services. The company is focused on expanding its presence in key markets and enhancing its service offerings to meet client demands.
  • Non-Core Business: The company is managing challenges in fund placement due to market volatility and is focusing on maintaining strong relationships with existing clients while seeking new opportunities in private capital solutions.
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