Virtus Investment Partners, Inc. has released its financial results for the second quarter of 2025. The company reported earnings per share (EPS) of $6.12 and adjusted EPS of $6.25, reflecting a significant increase from the previous quarter. Total sales were $5.6 billion, with net flows of ($3.9) billion, showcasing a 50% increase in net flows compared to the previous quarter.
Assets under management (AUM) stood at $170.7 billion at the end of the quarter, representing a sequential increase from $167.5 billion, primarily driven by market performance and positive net flows in exchange-traded funds.
In terms of financial metrics, operating income increased to $45.2 million, a 23% increase from the previous quarter, reflecting a 9% reduction in operating expenses. Net income attributable to Virtus Investment Partners, Inc. was $42.4 million, representing a 141% increase from the previous quarter.
On a non-GAAP basis, operating income amounted to $59.8 million, with net income attributable to Virtus Investment Partners, Inc., as adjusted, per diluted share at $6.25, reflecting a 9% increase from the prior quarter.
The company also provided insights into its balance sheet items and metrics. Cash and cash equivalents stood at $172.2 million, representing a 27% increase from the previous quarter. Gross debt decreased by 7% to $234.7 million, and net debt also decreased significantly to $62.5 million, representing a 38% decrease from the previous quarter.
Moreover, the company repurchased 175,872 shares for $30.0 million during the quarter, emphasizing its commitment to enhancing shareholder value.
The press release also detailed the breakdown of assets under management by product and asset class, providing a comprehensive view of the composition of the company's AUM.
The company's U.S. GAAP condensed consolidated statements of operations revealed a 6% decrease in total revenues, while operating expenses decreased by 8% from the previous quarter. Income before income taxes increased by 46%, and net income attributable to Virtus Investment Partners, Inc. exhibited a substantial 141% increase from the previous quarter.
This press release showcases Virtus Investment Partners, Inc.'s strong financial performance, marked by notable increases in key financial metrics and AUM, as well as prudent balance sheet management strategies. The market has reacted to these announcements by moving the company's shares -0.15% to a price of $213.65. Check out the company's full 8-K submission here.
