PJT Partners' stock plummeted 6.08% during intraday trading on Tuesday, following the release of its fourth-quarter and full-year 2025 financial results.

The advisory-focused investment bank reported adjusted earnings per share of $2.55 for Q4 2025, beating analyst estimates of $2.36. However, quarterly revenue of $535.2 million slightly missed the consensus estimate of $537.7 million.

The revenue shortfall was primarily driven by a decline in interest income due to lower interest rates, offsetting growth in strategic advisory, restructuring, and placement revenues. While the company highlighted record full-year results and expressed confidence in future growth, the market reacted negatively to the quarterly revenue miss.