VRTS · Virtus Investment Partners, Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · VRTS

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$852.87M	$906.95M	$845.27M	$886.38M	$979.23M	$603.90M
Cost of Revenue	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-
R&D	-	-	-	-	-	-
SG&A	-	-	-	-	-	-
Total Operating Expenses	$684.18M	$724.46M	$693.78M	$688.92M	$653.75M	$460.73M
D&A	$63.62M	$69.00M	$68.44M	$64.22M	$50.77M	$38.85M
Operating Income	$168.68M	$182.49M	$151.48M	$197.46M	$325.49M	$143.16M
Interest Expense	-	-	$155.34M◇	$13.17M◇	$9.24M◇	-
Income Tax	$51.26M	$55.42M	$45.09M	$57.26M	$90.83M	$43.94M
Net Income	$136.00M	$152.50M	$141.50M	$106.60M	$208.13M	$79.96M
EPS - Basic	$20.27	$17.19	$18.02	$15.90	$27.13	$10.49
EPS - Diluted	$19.97	$16.89	$17.71	$15.50	$26.01	$10.02

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$478.19M	$400.31M	$341.01M	$589.18M	$586.14M	$221.78M
Accounts Receivable	-	-	-	-	-	-
Inventory	-	-	-	-	-	-
Accounts Payable	-	-	-	-	-	-
Current Assets	-	-	-	-	-	-
Total Assets	$4.29B	$3.99B	$3.68B	$3.95B	$3.93B	$3.47B
Current Liabilities	-	-	-	-	-	-
Long-term Debt	$389.96M	$232.13M	$253.41M	$255.03M	$266.35M	-
Total Liabilities	$3.25B	$2.99B	$2.71B	$3.02B	$2.96B	$2.63B
Stockholders' Equity	$934.04M	$897.49M	$863.93M	$817.02M	$828.28M	$711.14M
Retained Earnings	$340.90M	$268.22M	$207.36M	$130.26M	$60.96M	($135.26M)

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	($67.20M)	$1.75M	$237.16M	$132.67M	$665.73M	($226.10M)
Investing Cash Flow	($47.34M)	($16.95M)	($129.73M)	($27.47M)	($175.03M)	$8.68M
Financing Cash Flow	$191.03M	$74.95M	($356.11M)	($102.06M)	($244.40M)	$235.33M
CapEx	$6.89M	$5.58M	$8.82M	$6.58M	$5.84M	$1.04M
Free Cash Flow	($74.09M)	($3.82M)	$228.34M	$126.09M	$659.89M	($227.15M)

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	-	-	-	-	-	-
Operating margin	19.8%	20.1%	17.9%	22.3%	33.2%	23.7%
EBITDA margin	27.2%	27.7%	26.0%	29.5%	38.4%	30.1%
Net margin	15.9%	16.8%	16.7%	12.0%	21.3%	13.2%
Free cash flow margin	-8.7%	-0.4%	27.0%	14.2%	67.4%	-37.6%
FCF / Net income	-0.54	-0.03	1.61	1.18	3.17	-2.84
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	-	-	-	-	-	-
Effective tax rate	27.4%	26.7%	24.2%	34.9%	30.4%	35.5%
Return on assets	3.2%	3.8%	3.8%	2.7%	5.3%	2.3%
Return on equity	14.6%	17.0%	16.4%	13.0%	25.1%	11.2%
Return on invested capital	9.3%	11.8%	10.3%	12.0%	20.7%	-
Liquidity
Current ratio	-	-	-	-	-	-
Quick ratio	-	-	-	-	-	-
Cash ratio	-	-	-	-	-	-
Leverage
Debt / Equity	0.42	0.26	0.29	0.31	0.32	-
Debt / Assets	0.09	0.06	0.07	0.06	0.07	-
Debt / EBITDA	1.68	0.92	1.15	0.97	0.71	-
Interest coverage	-	-	1.0x	15.0x	35.2x	-
Equity multiplier	4.59	4.45	4.26	4.84	4.75	4.88
Liabilities / Assets	0.76	0.75	0.74	0.76	0.75	0.76
Efficiency
Asset turnover	0.20	0.23	0.23	0.22	0.25	0.17
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	-	-	-	-	-	-
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	8.2x	13.1x	13.7x	12.4x	11.4x	21.7x
P / B	1.2x	1.8x	2.1x	1.8x	2.9x	2.4x
P / S	1.3x	1.8x	2.1x	1.6x	2.4x	2.9x
EV / EBITDA	4.5x	5.7x	7.7x	4.3x	5.5x	8.3x
Growth
Revenue growth (YoY)	-6.0%	7.3%	-4.6%	-9.5%	62.2%	7.2%
Revenue CAGR (3y)	-1.3%	-2.5%	11.9%	16.3%	44.8%	12.4%
Revenue CAGR (5y)	7.1%	10.0%	21.2%	15.8%	24.9%	9.6%
Gross profit growth (YoY)	-	-	-	-	-	-
Operating income growth (YoY)	-7.6%	20.5%	-23.3%	-39.3%	127.4%	14.8%
Net income growth (YoY)	-10.8%	7.8%	32.7%	-48.8%	160.3%	-16.4%
EPS growth (YoY)	18.2%	-4.6%	14.3%	-40.4%	159.6%	-14.7%
EPS CAGR (3y)	8.8%	-13.4%	20.9%	9.7%	43.2%	36.3%
EPS CAGR (5y)	14.8%	7.5%	14.9%	31.4%	33.2%	20.6%
FCF growth (YoY)	-1837.5%	-	81.1%	-80.9%	-	-413.0%
FCF CAGR (5y)	-	-	-	-	87.5%	-
Book value growth (YoY)	4.1%	3.9%	5.7%	-1.4%	16.5%	5.2%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Product / service

$1.58B total

Investment Management Fees$725.04M · 45.9%

Open End Funds$286.61M · 18.2%

Retail Separate Accounts$209.54M · 13.3%

Institutional Accounts$167.59M · 10.6%

Administration And Shareholder Service Fees$73.28M · 4.6%

Closed End Funds$61.30M · 3.9%

Distribution And Service Fees$49.58M · 3.1%

Other Income And Fees$4.97M · 0.3%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

2/9

Weak

✓Net income positive
✗Operating cash flow positive
✗ROA improved YoY
✗Cash flow > net income
✗Long-term debt decreased
-Current ratio improved
✓No share dilution
-Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Investment Advice

Company	Revenue (last FY)	Net margin	ROE
TROW	$7.31B	28.5%	19.2%
CNS	-	-	27.3%
MORN	$2.45B	15.1%	30.3%
MC	-	-	45.7%
APO	$32.05B	10.9%	15.0%

Comparing VIRTUS INVESTMENT PARTNERS against the 5 most active filers in the same SIC group.

Dividends

$9.45/share trailing 12 months · +9.2% YoY

Ex-date	Per share
Apr 30, 2026	$2.4000
Jan 30, 2026	$2.4000
Oct 31, 2025	$2.4000
Jul 31, 2025	$2.2500
Apr 30, 2025	$2.2500
Jan 31, 2025	$2.2500
Oct 31, 2024	$2.2500
Jul 31, 2024	$1.9000
Apr 29, 2024	$1.9000
Jan 30, 2024	$1.9000
Oct 30, 2023	$1.9000
Jul 28, 2023	$1.6500
Apr 27, 2023	$1.6500
Jan 30, 2023	$1.6500
Oct 28, 2022	$1.6500
Jul 28, 2022	$1.5000
Apr 28, 2022	$1.5000
Jan 27, 2022	$1.5000
Oct 28, 2021	$1.5000
Jul 29, 2021	$0.8200
Apr 29, 2021	$0.8200
Jan 28, 2021	$0.8200
Oct 29, 2020	$0.8200
Jul 30, 2020	$0.6700

Cells marked with a small ◇ are sourced from SEC's bulk Financial Statement Data Sets, which can lose dimensional context (notably Revenue and Operating Income for issuers that report by segment). These cells will be replaced with authoritative values from the Company Facts API as the backfill completes.