Virtus Investment Partners, Inc. (VRTS) Balance Sheet
VRTS balance sheet, 2025
December 31, 2025 · U.S. dollars$4.29B assets = $3.25B liabilities + $1.04B equity
Both columns are drawn to the same scale: what VRTS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
VRTS financial health
Descriptive bands, not a rating. Fiscal 2025.
VRTS balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $824.4M2016 | $4.29B2025 | +20.1%/yr | |
| Total liabilities | $465.4M2016 | $3.25B2025 | +24.1%/yr | |
| Shareholders’ equity | $358.9M2016 | $934.0M2025 | +11.2%/yr | |
| Cash & short-term investments | $228.0M2016 | $477.2M2025 | +8.6%/yr | |
| Total debt | $388.8M2016 | $2.84B2025 | +24.7%/yr | |
| Net cash (debt) | −$160.7M2016 | −$2.37B2025 | −$2.2B | |
| Working capital | $141.7M2016 | $428.2M2025 | +$286.5M | |
| Book value per share | $45.892016 | $134.802025 | +12.7%/yr | |
| Current ratio | 2.152016 | 3.802025 | +1.65 | |
| Debt / equity | 1.082016 | 3.042025 | +1.96 | |
| Shares outstanding | 7.8M2016 | 6.9M2025 | −1.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
VRTS assets
VRTS liabilities and equity
VRTS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
VRTS balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $477.2M | $399.6M | $340.3M | $588.5M | $378.9M | $333.5M | $321.5M | $253.7M | $233.5M | $228.0M |
| Cash & equivalents | $477.2M | $399.6M | $340.3M | $588.5M | $378.9M | $333.5M | $321.5M | $253.7M | $233.5M | $82.7M |
| Short-term investments | — | −$133.7M | — | $100.3M | $109 | $3,000 | $62.5M | $79.6M | $90.7M | $145.3M |
| Receivables | $102.7M | $117.2M | $109.1M | $99.3M | $123.9M | $84.5M | $74.1M | $70.0M | $65.6M | $35.9M |
| Inventory | $0 | $0 | $0 | $250.9M | $1 | −$3,000 | −$16,000 | $79.6M | $90.7M | −$71.5M |
| Other current assets | $1.0M | $727,000 | $680,000 | $0 | $207.2M | $6.4M | $483,000 | $0 | $0 | $72.5M |
| Total current assets | $580.9M | $517.5M | $450.1M | $688.5M | $710.0M | $424.3M | $396.1M | $324.7M | $299.9M | $264.9M |
| Property, plant & equipment (net) | $97.1M | $127.2M | $89.4M | $19.1M | $12.5M | $14.5M | $18.1M | $20.2M | $10.8M | $7.7M |
| Goodwill & intangible assets | $724.5M | $775.3M | $829.2M | $791.4M | $839.0M | $570.6M | $600.8M | $629.2M | $472.1M | $45.2M |
| Long-term investments | $2.77B | $2.37B | $2.22B | $2.29B | $2.25B | $2.40B | $2.11B | $1.83B | $1.71B | $436.3M |
| Other non-current assets | $118.0M | $199.7M | $94.5M | $163.6M | $123.5M | $59.3M | $76.3M | $67.4M | $101.7M | $70.2M |
| Total assets | $4.29B | $3.99B | $3.68B | $3.95B | $3.93B | $3.47B | $3.20B | $2.87B | $2.59B | $824.4M |
| Liabilities | ||||||||||
| Accounts payable | $54.5M | $49.5M | $56.0M | $33.2M | $48.5M | $25.4M | $23.3M | $27.9M | $29.6M | $25.2M |
| Short-term debt | $16.8M | — | — | $2.08B | $2,034 | $2.19B | $277.8M | $329.2M | $1.71B | $30.0M |
| Deferred revenue | — | — | — | — | — | — | — | — | — | $63.9M |
| Total current liabilities | $152.7M | $207.5M | $146.6M | $279.9M | $248.4M | $80.2M | $579.5M | $528.9M | $149.1M | $123.2M |
| Long-term debt | $2.75B | $2.40B | $2.18B | $2.34B | $2.30B | $2.39B | $2.11B | $1.95B | $1.71B | $358.8M |
| Lease obligations | $93.2M | $70.0M | $78.1M | — | — | — | — | — | — | — |
| Other long-term liabilities | $350.9M | $374.0M | $383.2M | $398.0M | $410.2M | $158.6M | $0 | $0 | $126.6M | $0 |
| Total liabilities | $3.25B | $2.99B | $2.71B | $3.02B | $2.96B | $2.63B | $2.45B | $2.17B | $1.98B | $465.4M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $123,000 | $122,000 | $122,000 | $120,000 | $119,000 | $118,000 | $107,000 | $106,000 | $1.22B | $1.09B |
| Retained earnings (deficit) | $340.9M | $268.2M | $207.4M | $130.3M | $61.0M | −$135.3M | −$215.2M | −$310.9M | −$386.2M | −$424.3M |
| Treasury stock | — | — | — | — | −$509.2M | −$451.7M | −$419.2M | −$379.2M | −$351.7M | −$344.2M |
| Accumulated other comprehensive income | $462,000 | −$364,000 | −$87,000 | −$358,000 | $20,000 | $29,000 | $9,000 | −$731,000 | −$600,000 | −$224,000 |
| Minority interest | $103.7M | $111.4M | $109.2M | $119.6M | $8.3M | $9.8M | $10.6M | $14.0M | $16.7M | $0 |
| Total shareholders' equity | $934.0M | $897.5M | $863.9M | $817.0M | $975.6M | $836.5M | $750.1M | $701.3M | $609.4M | $358.9M |
| Key figures | ||||||||||
| Total debt | $2.84B | $2.47B | $2.25B | $2.34B | $2.30B | $4.58B | $2.39B | $2.28B | $1.71B | $388.8M |
| Net cash (debt) | −$2.37B | −$2.07B | −$1.91B | −$1.75B | −$1.92B | −$4.25B | −$2.07B | −$2.02B | −$1.47B | −$160.7M |
| Working capital | $428.2M | $310.0M | $303.5M | $408.5M | $461.6M | $344.1M | −$183.4M | −$204.2M | $150.8M | $141.7M |
| Tangible book value | $209.5M | $122.2M | $34.7M | $25.7M | $136.6M | $265.8M | $149.3M | $72.2M | $137.3M | $313.7M |
| Book value per share | $134.80 | $124.48 | $117.14 | $107.76 | $121.90 | $104.87 | $92.05 | $82.25 | $84.09 | $45.89 |
| Shares outstanding | 6.9M | 7.2M | 7.4M | 7.6M | 8.0M | 8.0M | 8.1M | 8.5M | 7.2M | 7.8M |
| Current ratio | 3.80 | 2.49 | 3.07 | 2.46 | 2.86 | 5.29 | 0.68 | 0.61 | 2.01 | 2.15 |
| Quick ratio | 3.80 | 2.49 | 3.07 | 2.46 | 2.02 | 5.21 | 0.68 | 0.61 | 2.01 | 2.14 |
| Debt / equity | 3.04 | 2.76 | 2.61 | 2.86 | 2.36 | 5.48 | 3.19 | 3.25 | 2.80 | 1.08 |
| Equity / assets | 21.8% | 22.5% | 23.5% | 20.7% | 24.8% | 24.1% | 23.4% | 24.4% | 23.5% | 43.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $285.9M | $136.6M | $477.2M | $461.3M | $242.7M | $218.9M | $399.6M | $310.5M | $349.7M | $246.9M | $340.3M | $195.4M |
| Cash & equivalents | $285.9M | $136.6M | $477.2M | $461.3M | $242.7M | $218.9M | $399.6M | $310.5M | $349.7M | $246.9M | $340.3M | $195.4M |
| Short-term investments | — | — | — | — | — | — | — | −$115.0M | — | — | — | $714.0M |
| Receivables | $101.5M | $104.4M | $102.7M | $106.5M | $108.6M | $112.9M | $117.2M | $112.2M | $105.6M | $116.4M | $109.1M | $107.0M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $1.0M | $911,000 | $626,000 | $732,000 | $727,000 | $1.4M | $958,000 | $767,000 | $680,000 | $0 |
| Total current assets | $387.4M | $241.0M | $580.9M | $568.7M | $352.0M | $332.5M | $517.5M | $424.1M | $456.3M | $364.1M | $450.1M | $195.4M |
| Property, plant & equipment (net) | $97.5M | $169.5M | $97.1M | $99.6M | $102.0M | $81.1M | $127.2M | $23.3M | $25.1M | $26.1M | $89.4M | $25.5M |
| Goodwill & intangible assets | $1.24B | $1.26B | $724.5M | $736.5M | $749.4M | $762.4M | $775.3M | $785.8M | $798.7M | $813.9M | $829.2M | $849.4M |
| Long-term investments | $2.70B | $2.70B | $2.77B | $2.37B | $2.35B | $2.38B | $2.37B | $2.23B | $2.21B | $2.21B | $2.22B | $2.22B |
| Other non-current assets | $113.7M | $195.6M | $118.0M | $132.9M | $143.3M | $131.3M | $199.7M | $143.3M | $152.6M | $135.4M | $94.5M | $661.0M |
| Total assets | $4.54B | $4.56B | $4.29B | $3.91B | $3.70B | $3.69B | $3.99B | $3.60B | $3.65B | $3.55B | $3.68B | $3.95B |
| Liabilities | ||||||||||||
| Accounts payable | $51.7M | $52.8M | $54.5M | $51.7M | $49.4M | $56.7M | $49.5M | $30.1M | $30.3M | $44.3M | $56.0M | $32.7M |
| Short-term debt | — | — | $16.8M | — | — | — | — | — | — | — | — | — |
| Total current liabilities | $160.1M | $222.8M | $152.7M | $147.6M | $149.5M | $178.3M | $207.5M | $133.4M | $149.4M | $152.1M | $146.6M | $234.4M |
| Long-term debt | $2.73B | $2.75B | $2.75B | $2.42B | $2.25B | $2.27B | $2.40B | $2.18B | $2.24B | $2.18B | $2.18B | $2.22B |
| Lease obligations | $94.1M | $94.1M | $93.2M | $94.3M | $95.4M | $72.1M | $70.0M | — | — | — | $78.1M | — |
| Other long-term liabilities | $494.5M | $475.1M | $350.9M | $314.6M | $272.5M | $223.4M | $374.0M | $299.9M | $258.8M | $229.8M | $383.2M | $349.3M |
| Total liabilities | $3.38B | $3.45B | $3.25B | $2.88B | $2.67B | $2.67B | $2.99B | $2.61B | $2.65B | $2.56B | $2.71B | $2.80B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $124,000 | $124,000 | $123,000 | $123,000 | $123,000 | $123,000 | $122,000 | $122,000 | $122,000 | $122,000 | $122,000 | $122,000 |
| Retained earnings (deficit) | $360.0M | $331.6M | $340.9M | $322.3M | $307.4M | $281.0M | $268.2M | $251.3M | $226.5M | $223.0M | $207.4M | $190.6M |
| Accumulated other comprehensive income | $234,000 | $436,000 | $462,000 | $598,000 | $586,000 | −$72,000 | −$364,000 | $230,000 | −$200,000 | −$187,000 | −$87,000 | −$373,000 |
| Minority interest | $206.4M | $194.1M | $103.7M | $104.3M | $125.0M | — | — | — | — | — | — | — |
| Total shareholders' equity | $945.3M | $917.4M | $934.0M | $918.7M | $896.4M | $893.7M | $897.5M | $889.0M | $868.7M | $871.7M | $863.9M | $862.1M |
| Key figures | ||||||||||||
| Total debt | $2.82B | $2.85B | $2.84B | $2.52B | $2.35B | $2.34B | $2.47B | $2.18B | $2.24B | $2.18B | $2.25B | $2.22B |
| Net cash (debt) | −$2.54B | −$2.71B | −$2.37B | −$2.05B | −$2.11B | −$2.12B | −$2.07B | −$1.87B | −$1.89B | −$1.93B | −$1.91B | −$2.02B |
| Working capital | $227.2M | $18.3M | $428.2M | $421.1M | $202.5M | $154.1M | $310.0M | $290.6M | $307.0M | $211.9M | $303.5M | −$39.0M |
| Tangible book value | −$294.7M | −$342.6M | $209.5M | $182.2M | $147.0M | $131.3M | $122.2M | $103.2M | $70.0M | $57.8M | $34.7M | $12.7M |
| Book value per share | $139.18 | $134.79 | $136.22 | $133.79 | $128.11 | $126.36 | $125.72 | $123.89 | $119.95 | $119.62 | $118.02 | $116.83 |
| Shares outstanding | 6.8M | 6.8M | 6.9M | 6.9M | 7.0M | 7.1M | 7.1M | 7.2M | 7.2M | 7.3M | 7.3M | 7.4M |
| Current ratio | 2.42 | 1.08 | 3.80 | 3.85 | 2.36 | 1.86 | 2.49 | 3.18 | 3.05 | 2.39 | 3.07 | 0.83 |
| Quick ratio | 2.42 | 1.08 | 3.80 | 3.85 | 2.35 | 1.86 | 2.49 | 3.17 | 3.05 | 2.39 | 3.07 | 1.29 |
| Debt / equity | 2.99 | 3.10 | 3.04 | 2.74 | 2.62 | 2.62 | 2.76 | 2.45 | 2.58 | 2.50 | 2.61 | 2.57 |
| Equity / assets | 20.8% | 20.1% | 21.8% | 23.5% | 24.3% | 24.2% | 22.5% | 24.7% | 23.8% | 24.6% | 23.5% | 21.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 27, 2026); data from EODHD.
VRTS financial position
At the end of fiscal 2025 (December 31, 2025), Virtus Investment Partners had total assets of $4.3 billion (up 7.4% from a year earlier), total liabilities of $3.3 billion and shareholders' equity of $934.0 million. It held $477.2 million in cash and short-term investments against $2.8 billion of debt, net debt of $2.4 billion. Its current ratio was 3.80. In the latest quarter (ended June 30, 2026) total assets were $4.5 billion and equity $945.3 million.
Related: VRTS income statement, VRTS cash flow statement, VRTS key metrics. See the VRTS stock overview for the latest quote and news.
VRTS balance sheet FAQ
What are Virtus Investment Partners's total assets?
Virtus Investment Partners reported total assets of $4.3 billion at the end of fiscal 2025 (December 31, 2025), compared with $4.0 billion a year earlier.
How much debt does Virtus Investment Partners have?
Virtus Investment Partners had $2.8 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 3.04.
How much cash does Virtus Investment Partners have?
Virtus Investment Partners held $477.2 million in cash and short-term investments at the end of fiscal 2025; with $2.8 billion of debt that is net debt of $2.4 billion.
What is Virtus Investment Partners's book value?
Virtus Investment Partners's shareholders' equity (book value) was $934.0 million at the end of fiscal 2025, or $134.80 per share.
What is Virtus Investment Partners's current ratio?
Virtus Investment Partners had current assets of $580.9 million and current liabilities of $152.7 million, a current ratio of 3.80 (it can cover its short-term obligations).
How much goodwill does Virtus Investment Partners have?
Virtus Investment Partners carried $724.5 million of goodwill and intangible assets, 16.9% of total assets, at the end of fiscal 2025.