Virtus Investment Partners, Inc. has reported its financial results for the third quarter of 2025, showing a mixed performance compared to the same period last year.
Earnings per share (EPS) * diluted, a key metric, was reported at $4.65 for the quarter, down 19% from $5.71 in the same period in 2024. However, when adjusted, the EPS * diluted stands at $6.69, showing a 7% increase from the previous quarter. The company reported total sales of $6.3 billion, a 12% increase from the prior quarter.
The company's assets under management (AUM) stood at $169.3 billion at the end of the quarter, a decrease of 8% from the same period in 2024. Net flows were reported at ($3.9) billion, unchanged from the prior quarter.
In terms of operating income, the company reported a 15% decrease from the prior quarter, with operating income at $47.1 million. However, when adjusted, the operating income increased by 9% to $65.0 million.
The balance sheet also showed significant changes. Cash and cash equivalents increased by 90% from the same period in 2024, reaching $370.6 million. Gross debt increased by 65%, standing at $400.0 million. Working capital doubled to $288.4 million, primarily due to net proceeds from the debt refinancing.
The company also highlighted its refinancing of its credit arrangement, increasing its financial flexibility and extending its debt maturity profile. Additionally, the company increased its quarterly dividend by 7% to $2.40 per share.
Virtus Investment Partners will host an investor conference call and webcast on October 24, 2025, to discuss these financial results and related matters.
Following these announcements, the company's shares moved 0.16%, and are now trading at a price of $177.44. If you want to know more, read the company's complete 8-K report here.
