PJT Partners Inc-A 2026年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2026 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 FOR THE TRANSITION PERIOD FROMTO 280 Park AvenueNew York, New York 10017(Address of principal executive offices)(Zip Code)(212) 364-7800(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirementsfor the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” inRule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As of July 27, 2026, there were 25,564,818 shares of Class A common stock, par value $0.01 per share, and 129 shares of Class B common stock, par value$0.01 per share, outstanding. TABLE OF CONTENTS PagePART I.FINANCIAL INFORMATIONITEM 1.FINANCIAL STATEMENTS4Unaudited Condensed Consolidated Financial Statements — June 30, 2026 and 2025:Condensed Consolidated Statements of Financial Condition as of June 30, 2026 and December 31, 20254Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2026and 20255Condensed Consolidated Statements of Comprehensive Income for the Three and Six Months Ended June30, 2026 and 20256Condensed Consolidated Statements of Changes in Equity for the Three and Six Months Ended June 30,2026 and 20257Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2026 and 20259Notes to Condensed Consolidated Financial Statements10ITEM 2.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OFOPERATIONS22ITEM 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK30ITEM 4.CONTROLS AND PROCEDURES30PART II.OTHER INFORMATIONITEM 1.LEGAL PROCEEDINGS31ITEM 1A.RISK FACTORS31ITEM 2.UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS31ITEM 3.DEFAULTS UPON SENIOR SECURITIES32ITEM 4.MINE SAFETY DISCLOSURES32ITEM 5.OTHER INFORMATION32ITEM 6.EXHIBITS33SIGNATURES34 PJT Partners Inc. was formed in connection with certain merger and spin-off transactions whereby the financial and strategicadvisory services, restructuring and reorganization advisory services and Park Hill Group businesses of Blackstone Inc. (our“former Parent”) were combined with PJT Capital LP, a financial advisory firm founded by Paul J. Taubman in 2013 (together withits then affiliates, “PJT Capital”), and the combined business was distributed to our former Parent’s unitholders to create PJTPartners Inc., a stand-alone, independent publicly traded company. Throughout this Quarterly Report on Form 10-Q, we refer tothis transaction as the “spin-off.” PJT Partners Inc. is a holding company and its only material asset is its controlling equity interest in PJT Partners HoldingsLP, a holding partnership that holds the Company’s operating subsidiaries, and certain cash and cash equivalents it may hold fromtime to time. As the sole general partner of PJT Partners Holdings LP, PJT Partners Inc. operates and controls all of the businessand affairs and consolidates the financial results of PJT Partners Holdings LP and its operating subsidiaries. In this Quarterly Report on Form 10-Q, unless the context requires otherwise, the words “PJT Partners Inc.” refers to PJTPartners Inc., and “PJT Partners,” the “Company,” “we,” “us” and “our” refer to PJT Partners Inc., together with its consolidatedsubsidiaries, including PJT Partners Holdings LP and its operating subsidiaries. Forward-Looking Statements Certain material presented herein contains forward-looking statements within the meaning of Section 27A of the SecuritiesAct of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). F