VRTS - NASDAQ

Virtus Investment Partners, Inc.

VRTS·NASDAQ

$140.93

-4.3%

Financial ServicesAsset Management

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 1988 and is based in Hartford, Connecticut.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$941.71M

EPS20.2700

P/E Ratio6.95

Earnings Date07/24/2026

-67.20M

Operating Cash Flow

-3929%

3Y-151.0%

5Y-70.0%

10Y-320.0%

-47.34M

Investing Cash Flow

179%

3Y+72.0%

5Y-645.0%

10Y-1637.0%

191.03M

Financing Cash Flow

155%

3Y-287.0%

5Y-19.0%

10Y-496.0%

Virtus Investment Partners, Inc. Cash Conversion Engine

VRTS · NASDAQ

FCF Components

Net Income135.99M

Depreciation & Amortization63.62M

Stock-Based Compensation23.96M

Change in Working Capital1.07M

Others-300.24M

Capital Expenditures-6.89M

Free Cash Flow-74.09M

Cash Flow Quality Analysis

FCF Conversion Rate

-54.5%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

-10.3%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-1837.5%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$1.07M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.

Virtus Investment Partners, Inc. Cash Flow Statement

VRTS • NASDAQ

Virtus Investment Partners, Inc. Cash Flow Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
OPERATING ACTIVITIES
Net Income	136M	152.5M	141.5M	106.6M	262.8M	61.8M	105.5M	76.1M	39.9M	48.8M	30.7M	97M	77.1M	37.8M	145.4M	9.6M	-6.5M	-529.1M	-14.2M	-47.6M
Depreciation & Amortization	63.6M	69M	68.4M	64.2M	50.8M	38.9M	39.6M	33.4M	18.3M	5.8M	7M	6.8M	7M	6.2M	5.9M	6.9M	9M	26.3M	31.2M	34.7M
Change in Deferred Taxes	8.4M	7.1M	1.4M	-2M	-9.7M	0.0	6M	10.4M	22.8M	6.4M	6.4M	4.4M	32.6M	26.7M	-132.5M	218K	40K	-65.3M	-7.2M	-17.8M
Stock-Based Compensation	24M	32.8M	26.8M	24M	26.2M	21.5M	22.2M	23.1M	20.3M	11.9M	11.9M	9.8M	8M	6.9M	5.6M	3.9M	3.5M	0.0	0.0	0.0
Other Non-Cash Items	-300.2M	-243.3M	-13.3M	-57.2M	293.8M	-338.6M	-205.7M	-205.7M	-294.8M	-51.4M	-258.6M	-179.6M	-120.1M	-41.1M	-6.5M	-1.3M	-3M	-149K	-12.7M	42.4M
Cash Taxes Paid	(46M)	(56.4M)	(31.2M)	(74.3M)	(95.4M)	(35.4M)	(29.1M)	(23.8M)	(12.1M)	(16.7M)	(31.9M)	(23.3M)	(1.7M)	(74K)	(427K)	(679K)	(368K)	(91K)	(0.0)	(0.0)
Change in Working Capital	1.1M	-16.4M	12.4M	-3M	41.7M	-9.7M	-4.4M	80K	10.7M	9M	-6.7M	2.8M	24.2M	3.4M	5.7M	2.4M	-14.7M	5.7M	2.8M	4.1M
Cash from Operating Activities	-67.2M	1.8M	237.2M	132.7M	665.7M	-226.1M	-36.7M	-62.6M	-182.7M	30.5M	-209.4M	-58.9M	28.8M	39.8M	23.7M	21.7M	-11.7M	6.4M	13M	15.9M
INVESTING ACTIVITIES
Investments in Property, Plant, and Equipment	(0.0)	-5.6M	-8.8M	-6.6M	-5.8M	-1M	-7.6M	-11.7M	-1.5M	-2M	-4.7M	-2.4M	-2M	-3.8M	-743K	-323K	-824K	-4.8M	-460K	-1.6M
Acquisitions, Net	(0.0)	(0.0)	-120.6M	-20.6M	-155.6M	(0.0)	(1B)	-127M	-393.4M	(6.2M)	(89K)	-10.6M	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	-929K	(0.0)	(0.0)
Purchase of Investments	-1.5B	(0.0)	(0.0)	-948.3M	-1.2B	(0.0)	-1B	-20.2M	-21.4M	-145K	-227K	-313K	-196K	-729K	-3.3M	-1.5M	-1.2M	-1.2M	-1.2M	(0.0)
Sale/Maturity of Investments	1.1B	0.0	0.0	820.5M	1.5B	0.0	2M	37.8M	615.6M	406.2M	1.5M	10.6M	0.0	0.0	0.0	0.0	0.0	4.5M	0.0	0.0
Other Investing Items	309.8M	-11.4M	-267K	127.5M	-299.5M	9.7M	10M	-113K	-616.2M	-407.1M	-3.1M	-5.4M	-4M	-656K	4.2M	-2.6M	630K	-3.6M	0.0	-6.5M
Cash from Investing Activities	-47.3M	-17M	-129.7M	-27.5M	-175M	(8.7M)	(4.4M)	-121.2M	-417M	(3.1M)	-6.4M	-8.2M	-6.2M	-5.2M	-4.1M	-1.9M	-2M	-6M	-1.7M	-8.1M
FINANCING ACTIVITIES
Net Issuance of Common Stock	-60M	-44.9M	-45M	-90M	-57.5M	-32.5M	-40M	-27.5M	102M	-233.8M	-80M	-40.3M	172.1M	-8.9M	-7.9M	-924K	0.0	0.0	0.0	0.0
Net Issuance of Debt	361.1M	210M	-203.4M	101.7M	-125.7M	306.4M	164.1M	269.1M	596.9M	190.4M	153.7M	2.6M	-15M	0.0	0.0	0.0	-5M	-22M	-69.2M	0.0
Cash Paid for Dividends	-64.6M	-58.1M	-52M	-47.3M	-31.4M	-24.9M	-25.3M	-22.4M	-18.8M	-13.8M	-16M	-8.2M	(0.0)	(0.0)	-10.2M	-3.4M	-2.9M	-2.2M	(0.0)	(0.0)
Share Repurchases	-60M	-44.9M	-45M	-90M	-57.5M	-32.5M	-40M	-27.5M	-7.5M	-233.8M	-80M	-40.3M	-19.7M	-8.9M	-7.9M	-924K	(0.0)	(0.0)	(0.0)	(0.0)
Other Financing Items	-45.5M	-32.1M	-55.7M	-66.5M	-29.8M	-13.7M	816K	-15.1M	-40.6M	9.1M	52.3M	44.7M	28.4M	-7.5M	-205K	-221K	-931K	35.9M	60.9M	2.2M
Cash from Financing Activities	191M	74.9M	-356.1M	-102.1M	-244.4M	235.3M	99.6M	204.2M	750.5M	-48.3M	109.9M	-1.2M	185.5M	-16.5M	-18.3M	-4.5M	-8.8M	13.9M	-8.3M	2.2M
CASH FLOW SUMMARY
Effect of Foreign Exchange Rates	1.4M	-456K	523K	-112K	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	10K
Net Change in Cash	77.9M	59.3M	-248.2M	3M	246.3M	17.9M	67.3M	20.4M	150.8M	-14.7M	-105.9M	-68.2M	208.1M	18.2M	1.3M	15.3M	-22.4M	14.2M	3M	10.1M
Cash at Beginning of Period	400.3M	341M	589.2M	586.1M	339.8M	321.9M	254.7M	234.3M	82.7M	97.4M	203.3M	271.5M	63.4M	45.3M	43.9M	28.6M	51.1M	36.8M	33.9M	201.7M
Cash at End of Period	478.2M	400.3M	341M	589.2M	586.1M	339.8M	321.9M	254.7M	233.5M	82.7M	97.4M	203.3M	271.5M	63.4M	45.3M	43.9M	28.6M	51.1M	36.8M	211.8M
Free Cash Flow	-74.1M	-3.8M	228.3M	126.1M	659.9M	-227.1M	-44.3M	-74.3M	-184.2M	28.5M	-214.1M	-61.3M	26.8M	36M	22.9M	21.4M	-12.5M	1.6M	12.5M	14.4M

SEC Filings

VRTS - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 20, 2026	May 20, 2026	2026	View Filing
8-K/A 8-K/A 2026 (Amended) N/A	May 14, 2026	March 01, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 08, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 01, 2026	May 01, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 17, 2026	April 17, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 07, 2026	May 20, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 02, 2026	March 01, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 27, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 06, 2026	February 06, 2026	2026	View Filing
8-K 8-K 2025 N/A	December 16, 2025	December 16, 2025	2025	View Filing

Showing 1 to 10 of 276 filings

Related Guides

Blog Categories

Continue your VRTS research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

Validate revenue quality, margins, and balance sheet durability.

Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.