VIRTUS INVESTMENT PARTNERS INC
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 28, 2025
VRTS$131.71-6.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, 202 and
Consolidated Balance Sheets
| (in thousands, except share data) | December 31, 2024 | December 31, 2023 |
|---|---|---|
| Assets: | ||
| Cash and cash equivalents | $265,888 | $239,602 |
| Investments | 119,216 | 132,696 |
| Accounts receivable, net | 117,207 | 109,076 |
| Assets of consolidated investment products ("CIP") | ||
| Cash and cash equivalents of CIP | 133,694 | 100,732 |
| Cash pledged or on deposit of CIP | 727 | 680 |
| Investments of CIP | 2,270,717 | 2,082,713 |
| Other assets of CIP | 174,371 | 43,235 |
| Furniture, equipment and leasehold improvements, net | 22,718 | 26,216 |
| Intangible assets, net | 378,229 | 432,119 |
| Goodwill | 397,098 | 397,098 |
| Deferred taxes, net | 23,206 | 25,024 |
| Operating lease right-of-use assets | 57,131 | 63,229 |
| Other assets | 34,292 | 26,209 |
| Total assets | $3,994,494 | $3,678,629 |
| Liabilities and Equity | ||
| Liabilities: | ||
| Accrued compensation and benefits | $224,501 | $200,837 |
| Accounts payable and accrued liabilities | 49,492 | 56,047 |
| Contingent consideration | 63,505 | 90,938 |
| Debt | 232,130 | 253,412 |
| Operating lease liabilities | 70,037 | 78,142 |
| Other liabilities | 15,932 | 13,329 |
| Liabilities of CIP | ||
| Notes payable of CIP | 2,171,946 | 1,922,243 |
| Securities purchased payable and other liabilities of CIP | 158,033 | 90,523 |
| Total liabilities | 2,985,576 | 2,705,471 |
| Commitments and Contingencies (Note 12) | ||
| Redeemable noncontrolling interests | 107,282 | 104,869 |
| Equity: | ||
| Equity attributable to Virtus Investment Partners, Inc.: | ||
| Common stock, $0.01 par value, 1,000,000,000 shares authorized; 12,243,880 shares issued and 6,967,147 shares outstanding at December 31, 2024 and 12,163,228 shares issued and 7,087,728 shares outstanding at December 31, 2023, respectively | 122 | 122 |
| Additional paid-in capital | 1,319,108 | 1,300,999 |
| Retained earnings (accumulated deficit) | 268,221 | 207,356 |
| Accumulated other comprehensive income (loss) | (364) | (87) |
| Treasury stock, at cost, 5,276,733 and 5,075,500 shares at December 31, 2024 and December 31, 2023, respectively | (689,594) | (644,464) |
| Total equity attributable to Virtus Investment Partners, Inc. | 897,493 | 863,926 |
| Noncontrolling interests | 4,143 | 4,363 |
| Total equity | 901,636 | 868,289 |
| Total liabilities and equity | $3,994,494 | $3,678,629 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.