VIRTUS INVESTMENT PARTNERS, INC.

Listed Company

VRTSCIK 0000883237NYSELarge AcceleratedInvestment AdviceDelawareFY ends Dec 31

Period

FY 2025

Revenue

$852.87M

Net Income

$135.99M

Total Assets

$4.29B

Equity

$934.04M

Shares Out

6.70M

Op. Cash Flow

$-67.20M

Business

VIRTUS INVESTMENT PARTNERS, INC. provides investment management and related services using a multi-manager, multi-style approach through affiliated and select unaffiliated advisers. It offers a range of products including open-end funds, ETFs, global funds, closed-end funds, retail and institutional separate accounts, wealth management, subadvisory and collateral management services. Its operations comprise investment managers/advisers, distribution and business support, a broker-dealer and fund administration/transfer agency services. The company distributes products through U.S. and non-U.S. channels including financial intermediaries, consultants, direct wealth advisory teams, and offices in the U.S., U.K. and Singapore.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	853	907	845	886	979
Employment expenses	401	433	405	371	358
Distribution and other asset-based expenses	89	96	97	113	141
Change in fair value of contingent consideration	−2	−6	−6	8	12
Restructuring expense	693,000	1	824,000	4	0
Depreciation expense	8	9	6	4	4
Amortization expense	52	56	61	59	44
Total operating expenses	684	724	694	689	654
Operating Income (Loss)	169	182	151	197	325
Other income (expense), net	3	2	−440,000	−153,000	4
Total other income (expense), net	−19	−9	4	−52	6
Total interest income (expense), net	37	34	31	18	22
Income (Loss) Before Income Taxes	187	208	187	164	354
Income tax expense (benefit)	51	55	45	57	91
Net Income (Loss)	136	152	141	107	263
Noncontrolling interests	2	−31	−11	11	−55
Net Income (Loss) Attributable to Virtus Investment Partners, Inc.	138	122	131	118	208
Earnings (Loss) per ShareBasic (in dollars per share)	20.27	17.19	18.02	15.9	27.13
Earnings (Loss) per ShareDiluted (in dollars per share)	19.97	16.89	17.71	15.5	26.01
Weighted Average Shares OutstandingBasic (in shares)	7	7	7	7	8
Weighted Average Shares OutstandingDiluted (in shares)	7	7	7	8	8

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Accounts receivable, net	103	117	109	99	124
Furniture, equipment and leasehold improvements, net	22	23	26	19	13
Intangible assets, net	327	378	432	443	501
Goodwill	397	397	397	349	338
Deferred taxes, net	19	23	25	23	19
Operating lease right-of-use assets	75	57	63	—	—
Total assets	4,291	3,994	3,679	3,953	3,934
Accrued compensation and benefits	198	225	201	182	187
Accounts payable and accrued liabilities	55	49	56	33	48
Contingent consideration	39	64	91	128	163
Debt	390	232	253	255	266
Operating lease liabilities	93	70	78	—	—
Other liabilities	21	16	13	88	60
Total liabilities	3,253	2,986	2,705	3,016	2,959
Commitments and Contingencies (Note 11)	—	—	—	—	—
Redeemable noncontrolling interests	103	107	105	114	139
Common stock, $0.01 par value, 1,000,000,000 shares authorized; 12,319,278 shares issued and 6,695,181 shares outstanding at December 31, 2025 and 12,243,880 shares issued and 6,967,147 shares outstanding at December 31, 2024, respectively	123,000	122,000	122,000	120,000	119,000
Additional paid-in capital	1,342	1,319	1,301	1,286	1,276
Retained earnings (accumulated deficit)	341	268	207	130	61
Accumulated other comprehensive income (loss)	462,000	−364,000	−87,000	−358,000	20,000
Treasury stock, at cost, 5,624,097 and 5,276,733 shares at December 31, 2025 and December 31, 2024, respectively	−750	−690	−644	−599	—
Total equity attributable to Virtus Investment Partners, Inc.	934	897	864	817	828
Total equity	935	902	868	823	837
Total liabilities and equity	4,291	3,994	3,679	3,953	3,934

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation expense, intangible asset and other amortization	64	69	70	69	51
Stock-based compensation	24	33	27	24	26
Equity in (earnings) loss of equity method investments	−4	−3	198,000	−187,000	−4
Distributions from equity method investments	4	5	2	2	4
Deferred taxes, net	8	7	1	−2	−10
Lease termination	0	−1	0	3	—
Sales (purchases) of investments, net	409,000	26	−16,000	−9	−8
Accounts receivable, net and other assets	22	9	5	35	−30
Accrued compensation and benefits, accounts payable, accrued liabilities and other liabilities	−23	−23	4	−47	73
Net cash provided by (used in) operating activities	−67	2	237	133	666
Capital expenditures and other asset purchases	−7	−6	−9	−7	−6
Purchase of equity method investment	−41	0	−12	0	0
Acquisition of business, net of cash acquired of $4,395 for the year ended December 31, 2023	0	0	−109	−21	−156
Net cash provided by (used in) investing activities	−47	−17	−130	−27	−175
Refinancing and borrowings on credit agreement	201	0	50	0	—
Repayments on credit agreement	−40	−23	−53	−13	−13
Payment of deferred financing costs	−7	0	0	0	−7
Payment of contingent consideration	−23	−24	−27	−33	0
Repurchase of common shares	−60	−45	−45	−90	−57
Common stock dividends paid	−65	−58	−52	−47	−31
Taxes paid related to net share settlement of restricted stock units	−8	−12	−14	−17	−19
Investment management subsidiary equity sales (purchases)	−25	−29	−21	−11	0
Net contributions from (distributions to) noncontrolling interests	10	33	6	−6	−3
Net cash provided by (used in) financing activities	191	75	−356	−102	−244
Effect of exchange rate changes on cash, cash equivalents and restricted cash	1	−456,000	523,000	−112,000	0
Net increase (decrease) in cash and cash equivalents	78	59	−248	3	246
Interest paid	19	20	22	11	6
Income taxes paid, net	46	56	31	74	95
Common stock dividends payable	16	16	13	12	11

Filings

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