Virtus Investment Partners, Inc. (VRTS) Income Statement
VRTS 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsVRTS revenue and net income
Where VRTS's revenue goes
2025Each bar shows an amount and its share of revenue. VRTS kept 16.7% of revenue as net income.
VRTS profit margins
VRTS growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −8.0% | −2.0% | +6.6% | +8.1% |
| Gross profit | +32.3% | +6.8% | +13.1% | +9.9% |
| Operating income | −20.6% | −9.8% | +0.1% | +6.1% |
| Net income | +13.7% | +5.6% | +11.6% | +14.7% |
| EPS (diluted) | −4.5% | −0.6% | +9.2% | +12.8% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
VRTS quarterly EPS vs estimates
Virtus Investment Partners beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 30, 2026 (estimate $5.89).
VRTS income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $830.6M | $902.8M | $845.3M | $881.7M | $974.7M | $603.2M | $562.3M | $551.4M | $424.4M | $321.7M |
| Cost of revenue | $208.6M | $432.6M | $125.9M | $371.3M | $358.2M | $267.3M | $240.5M | $238.5M | $191.4M | $135.6M |
| Gross profit | $622.0M | $470.2M | $719.4M | $510.5M | $616.4M | $335.9M | $321.7M | $312.8M | $233.0M | $186.1M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $162.3M | $170.5M | $170.7M | $198.5M | $358.2M | $267.3M | $240.5M | $238.5M | $191.4M | $135.6M |
| Total operating expenses | $477.1M | $287.7M | $170.7M | $313.0M | $291.0M | $191.6M | $197.0M | $199.8M | $175.0M | $135.3M |
| Operating income | $144.9M | $182.5M | $151.5M | $197.5M | $325.5M | $144.3M | $124.7M | $113.1M | $58.0M | $50.8M |
| Interest income | $199.8M | $217.2M | $191.8M | $111.8M | $91.4M | $111.0M | $119.2M | $103.4M | $51.5M | $22.1M |
| Interest expense | $162.4M | $183.3M | $23.4M | $93.4M | $69.6M | $97.3M | $111.5M | $84.2M | $47.2M | $12.0M |
| Income before taxes | $187.2M | $207.9M | $186.6M | $163.9M | $353.7M | $163.9M | $140.7M | $109.0M | $80.4M | $69.8M |
| Income taxes | $51.3M | $55.4M | $45.1M | $57.3M | $90.8M | $43.9M | $35.2M | $33.0M | $40.5M | $21.0M |
| Net income | $138.4M | $121.7M | $130.6M | $117.5M | $208.1M | $80.0M | $95.6M | $75.5M | $37.0M | $48.5M |
| EBITDA | $413.3M | $460.2M | $151.5M | $325.9M | $474.1M | $300.1M | $291.8M | $226.7M | $146.0M | $87.6M |
| EPS (diluted) | $25.17 | $26.36 | $21.95 | $25.66 | $35.92 | $16.20 | $14.71 | $12.26 | $7.67 | $5.75 |
| Gross margin | 74.9% | 52.1% | 85.1% | 57.9% | 63.2% | 55.7% | 57.2% | 56.7% | 54.9% | 57.8% |
| Operating margin | 17.4% | 20.2% | 17.9% | 22.4% | 33.4% | 23.9% | 22.2% | 20.5% | 13.7% | 15.8% |
| Net margin | 16.7% | 13.5% | 15.5% | 13.3% | 21.4% | 13.3% | 17.0% | 13.7% | 8.7% | 15.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $167.2M | $186.0M | $189.1M | $215.1M | $209.5M | $216.9M | $232.4M | $226.0M | $223.4M | $221.1M | $213.9M | $218.3M |
| Cost of revenue | $54.2M | $54.2M | −$97.3M | $98.8M | $98.0M | $109.1M | $106.2M | $105.6M | $105.7M | $115.2M | $99.8M | $101.6M |
| Gross profit | $113.0M | $131.8M | $286.4M | $116.3M | $111.5M | $107.8M | $126.2M | $120.4M | $117.7M | $105.9M | $114.0M | $116.7M |
| Sales, general & admin | $75.5M | $20.5M | $40.5M | $40.9M | $58.0M | $40.9M | $61.3M | $42.7M | $42.0M | $43.0M | $41.7M | $43.2M |
| Total operating expenses | $75.5M | $126.6M | $270.4M | $69.3M | $66.3M | $71.2M | $75.5M | $65.2M | $73.5M | $73.6M | $75.1M | $71.8M |
| Operating income | $37.5M | $5.2M | $16.0M | $47.1M | $45.2M | $36.6M | $50.7M | $55.3M | $44.2M | $32.3M | $39.0M | $44.9M |
| Interest income | $48.1M | $51.6M | $53.0M | $48.1M | $48.1M | $50.6M | $54.1M | $53.5M | $55.0M | $54.6M | $56.9M | $52.7M |
| Interest expense | $54.8M | $40.8M | $46.6M | $38.6M | $38.1M | $39.1M | $46.2M | $43.9M | $47.6M | $45.7M | $49.2M | $44.4M |
| Income before taxes | $53.0M | $13.3M | $47.3M | $44.4M | $55.1M | $40.4M | $58.5M | $64.9M | $37.8M | $46.7M | $51.8M | $50.3M |
| Income taxes | $8.4M | $7.2M | $13.4M | $13.1M | $12.4M | $12.3M | $19.0M | $15.8M | $11.7M | $8.8M | $13.3M | $12.2M |
| Net income | $44.6M | $7.1M | $35.5M | $31.9M | $42.4M | $28.6M | $33.3M | $41.0M | $17.6M | $29.9M | $30.8M | $30.9M |
| EBITDA | $11.1M | $71.8M | $109.4M | $99.2M | $109.0M | $95.6M | $120.8M | $125.1M | $103.7M | $110.6M | $118.4M | $112.6M |
| EPS (diluted) | $5.54 | $5.38 | $6.50 | $6.69 | $6.25 | $5.73 | $7.50 | $6.92 | $6.53 | $5.41 | $6.11 | $6.21 |
| Gross margin | 67.6% | 70.9% | 151.5% | 54.1% | 53.2% | 49.7% | 54.3% | 53.3% | 52.7% | 47.9% | 53.3% | 53.5% |
| Operating margin | 22.5% | 2.8% | 8.5% | 21.9% | 21.6% | 16.9% | 21.8% | 24.5% | 19.8% | 14.6% | 18.2% | 20.6% |
| Net margin | 26.7% | 3.8% | 18.7% | 14.8% | 20.2% | 13.2% | 14.3% | 18.1% | 7.9% | 13.5% | 14.4% | 14.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in VRTS's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
VRTS financial results
In fiscal year 2025 (ended December 31, 2025), Virtus Investment Partners reported revenue of $830.6 million, down 8.0% from the year before. It had net income of $138.4 million (up 13.7%), a net profit margin of 16.7%. Diluted earnings per share came to $25.17. Over five years revenue grew at an average rate of 6.6% a year.
See the VRTS stock overview for the latest quote and news, or the VRTS chart for price history and technical indicators.
VRTS income statement FAQ
What is Virtus Investment Partners's annual revenue?
Virtus Investment Partners reported total revenue of $830.6 million for fiscal year 2025, which ended on December 31, 2025. That was down 8.0% from $902.8 million the previous year.
Is Virtus Investment Partners profitable?
Yes. Virtus Investment Partners reported net income of $138.4 million in fiscal 2025, a net profit margin of 16.7%; its operating margin was 17.4%.
What is Virtus Investment Partners's gross margin?
Virtus Investment Partners's gross margin was 74.9% in fiscal 2025: for every $100 of revenue, Virtus Investment Partners kept $75 after the direct cost of its products and services.
How fast is Virtus Investment Partners growing?
Revenue grew 6.6% a year on average over the last five fiscal years, from $603.2 million to $830.6 million.
What are Virtus Investment Partners's earnings per share?
Virtus Investment Partners earned $25.17 per diluted share in fiscal 2025, compared with $26.36 a year earlier.
When will Virtus Investment Partners report its next earnings?
Virtus Investment Partners is expected to report results for the quarter ending September 30, 2026 on October 30, 2026 before the market opens.
When does Virtus Investment Partners's fiscal year end?
Virtus Investment Partners's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.