VIRTUS INVESTMENT PARTNERS, INC. VRTS
Virtus Investment Partners, Inc. (the "Company"), a Delaware corporation, commenced operations on November 1, 1995 and became an independent publicly traded company on December 31, 2008.
We provide investment management and related services to institutions and individuals. We use a multi-manager, multi-style approach, offering investment strategies from our investment managers, each having its own distinct investment style, autonomous investment process and individual brand, as well as from select unaffiliated managers for certain of our funds. By offering a broad array of products, we believe we can appeal to a greater number of investors and have offerings across market cycles and through changes in investor preferences. Through our multi-manager model, we provide our investment managers with distribution, business and operational support.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $852.9M | $906.9M | $845.3M | $886.4M | $979.2M | $603.9M | $563.2M | $552.2M | $425.6M | $322.6M |
| Total operating expenses | $684.2M | $724.5M | $693.8M | $688.9M | $653.7M | $460.7M | $438.5M | $439.1M | $367.6M | $271.7M |
| Operating income | $168.7M | $182.5M | $151.5M | $197.5M | $325.5M | $143.2M | $124.7M | $113.1M | $58.0M | $50.8M |
| Pre-tax income | $187.2M | $207.9M | $186.6M | $163.9M | $353.7M | $163.9M | $140.7M | $109.0M | $80.4M | $69.8M |
| Income tax | $51.3M | $55.4M | $45.1M | $57.3M | $90.8M | $43.9M | $35.2M | $33.0M | $40.5M | $21.0M |
| Net income | $136.0M | $152.5M | $141.5M | $106.6M | $262.8M | $120.0M | $95.6M | $75.5M | $37.0M | $48.5M |
| EPS, basic | 20.27 | 17.19 | 18.02 | 15.90 | 27.13 | 10.49 | 12.54 | 9.37 | 4.09 | 6.34 |
| EPS, diluted | 19.97 | 16.89 | 17.71 | 15.50 | 26.01 | 10.02 | 11.74 | 8.86 | 3.96 | 6.20 |
| Shares, diluted (wtd. avg.) | $6.9M | $7.2M | $7.4M | $7.6M | $8.0M | $8.0M | $8.1M | $8.5M | $7.2M | $7.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $478.2M | $400.3M | $341.0M | $589.2M | $586.1M | $339.8M | $321.9M | $254.7M | $234.3M | $83.7M |
| Property, plant and equipment | $21.9M | $22.7M | $26.2M | $19.1M | $12.5M | $14.5M | $18.1M | $20.2M | $10.8M | $7.7M |
| Goodwill | $397.1M | $397.1M | $397.1M | $348.8M | $338.4M | $290.4M | $290.4M | $290.4M | $170.2M | $6.8M |
| Other intangibles | $327.4M | $378.2M | $432.1M | $442.5M | $500.6M | $280.3M | $310.4M | $338.8M | $302.0M | $38.4M |
| Total assets | $4.29B | $3.99B | $3.68B | $3.95B | $3.93B | $3.47B | $3.20B | $2.87B | $2.59B | $824.4M |
| Long-term debt | $390.0M | $232.1M | $253.4M | $255.0M | $266.3M | $201.2M | — | — | — | — |
| Total liabilities | $3.25B | $2.99B | $2.71B | $3.02B | $2.96B | $2.63B | $2.45B | $2.17B | $1.98B | $465.4M |
| Retained earnings | $340.9M | $268.2M | $207.4M | $130.3M | $61.0M | -$135.3M | -$215.2M | -$310.9M | -$386.2M | -$424.3M |
| Total equity | $934.0M | $897.5M | $868.3M | $822.9M | $836.6M | $720.9M | $686.3M | $643.9M | $605.2M | $321.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$67.2M | $1.8M | $237.2M | $132.7M | $665.7M | -$226.1M | -$36.7M | -$62.6M | -$182.9M | $20.9M |
| Depreciation and amortisation | $63.6M | $69.0M | $70.0M | $68.6M | $50.8M | $38.9M | $39.6M | $33.4M | $18.3M | $5.8M |
| Stock-based compensation | $24.0M | $32.8M | $26.8M | $24.0M | $26.2M | $21.5M | $22.2M | $23.1M | $20.3M | $11.9M |
| Capital expenditure | $6.9M | $5.6M | $8.8M | $6.6M | $5.8M | $1.0M | $7.6M | $11.7M | $1.5M | $2.0M |
| Investing cash flow | -$47.3M | -$17.0M | -$129.7M | -$27.5M | -$175.0M | $8.7M | $4.4M | -$121.2M | -$417.0M | $3.1M |
| Financing cash flow | $191.0M | $74.9M | -$356.1M | -$102.1M | -$244.4M | $235.3M | $99.6M | $204.2M | $750.5M | -$48.1M |
| Dividends paid | $64.6M | $58.1M | $52.0M | $47.3M | $31.4M | $22.8M | $17.0M | $14.0M | $12.6M | $13.8M |
| Buybacks | $60.0M | $44.9M | $45.0M | $90.0M | $57.5M | $32.5M | $40.0M | $27.5M | $7.5M | $233.8M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-145685.
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