VRTS Research | Milton Maxwell

VRTS

Virtus Investment Partners, Inc.

166.59

+0.69+0.42%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

≈ Jan 30, 2026

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

1.13B

P/E (TTM)

8.56

Basic EPS (TTM)

19.47

Dividend Yield

0.06%

Recent Filings

8-K

12/16/25Dec 16, 2025

8-K

12/5/25Dec 5, 2025

10-Q

Q3 FY2025 results

11/7/25Nov 7, 2025

Virtus Investment Partners posted Q3 revenues of $216.4 million, down 4.7% year-over-year from $227.0 million, driven by lower average assets under management of $170.3 billion, while operating income dipped 14.8% to $47.1 million amid reduced employment costs. Diluted EPS fell 18.6% to $4.65, aligning with 6,867 thousand weighted shares, yet YTD net income attributable to the company climbed 16.4% to $102.9 million on $644.8 million revenues. Cash swelled to $370.6 million, bolstered by $180.2 million in operating cash flow, while free cash flow hit $174.3 million after $5.9 million capex; debt rose to $390.6 million following a September 2025 refinancing of a $400 million term loan maturing 2032 at SOFR plus 2.25%, with $250 million revolver fully available. No material M&A or impairments surfaced. Institutional accounts, over 33% of AUM, saw the sharpest outflows. Competition from larger asset managers remains a persistent pressure.

8-K

Q3 earnings beat expectations

10/24/25Oct 24, 2025

Virtus Investment Partners reported Q3 2025 results with adjusted EPS of $6.69, up 7% from Q2, driven by higher average AUM and flat expenses, yet net flows stayed negative at ($3.9B) amid equity outflows offset by ETF gains. AUM dipped to $169.3B, but sales climbed 12% to $6.3B, boosted by a $0.4B CLO issuance. The firm refinanced debt on September 26, securing a $400M loan and $250M revolver for added flexibility. Outflows persist in key strategies.

8-K

Virtus refinances credit facilities

10/1/25Oct 1, 2025

Virtus Investment Partners replaced its 2021 credit agreement with a new $400 million seven-year term loan and $250 million five-year revolving facility on September 26, 2025, led by Morgan Stanley Senior Funding as agent. Term loan proceeds refinanced the prior facility while supporting general corporate needs, with interest at Term SOFR plus 2.25% or alternate base rate plus 1.25%. This bolsters liquidity amid market volatility, yet exposes the firm to interest rate swings.

About

Virtus Investment Partners, Inc. is a publicly owned investment manager. The firm primarily provides its services to individual and institutional clients. It launches separate client focused equity and fixed income portfolios. The firm launches equity, fixed income, and balanced mutual funds for its clients. It invests in the public equity, fixed income, and real estate markets. The firm also invests in exchange traded funds. It employs a multi manager approach for its products. The firm employs quantitative analysis to make its investments. It benchmarks the performance of its portfolios against the S&P 500 Index. The firm conducts in-house research to make its investments. Virtus Investment Partners, Inc. was founded in 1995 and is based in Hartford, Connecticut.

CEO

Mr. Richard William Smirl J.D.

IPO

1/2/2009

Website

https://corporate.virtus.com

Employees

805

Sector

Financial Services

Industry

Asset Management