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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues      
Revenues $ 906,949 $ 845,268 $ 886,379
Operating Expenses      
Employment expenses 432,587 404,742 371,259
Distribution and other asset-based expenses 96,223 96,802 112,612
Change in fair value of contingent consideration (5,608) (5,510) 8,020
Restructuring expense 1,487 824 4,015
Depreciation expense 8,958 5,804 3,923
Amortization expense 56,299 61,027 58,504
Total operating expenses 724,459 693,784 688,919
Operating Income (Loss) 182,490 151,484 197,460
Other Income (Expense)      
Other income (expense), net 2,036 (440) (153)
Total other income (expense), net (8,510) 3,681 (51,938)
Interest Income (Expense)      
Total interest income (expense), net 33,896 31,399 18,366
Income (Loss) Before Income Taxes 207,876 186,564 163,888
Income tax expense (benefit) 55,423 45,088 57,260
Net Income (Loss) 152,453 141,476 106,628
Noncontrolling interests (30,707) (10,855) 10,913
Net Income (Loss) Attributable to Virtus Investment Partners, Inc. $ 121,746 $ 130,621 $ 117,541
Earnings (Loss) per Share—Basic (in dollars per share) $ 17.19 $ 18.02 $ 15.90
Earnings (Loss) per Share—Diluted (in dollars per share) $ 16.89 $ 17.71 $ 15.50
Weighted Average Shares Outstanding—Basic (in shares) 7,082 7,249 7,391
Weighted Average Shares Outstanding—Diluted (in shares) 7,210 7,375 7,582
Consolidated Entity excluding Consolidated Investment Products      
Operating Expenses      
Other operating expenses $ 127,526 $ 125,871 $ 126,178
Other Income (Expense)      
Realized and unrealized gain (loss) on investments, net 3,914 6,525 (12,489)
Interest Income (Expense)      
Interest expense (22,132) (23,431) (13,173)
Interest and dividend income 12,488 12,458 4,448
Consolidated Investment Products      
Operating Expenses      
Other operating expenses 6,987 4,224 4,408
Other Income (Expense)      
Realized and unrealized gain (loss) on investments, net (14,460) (2,404) (39,296)
Interest Income (Expense)      
Interest expense (161,192) (155,335) (80,234)
Interest and dividend income 204,732 197,707 107,325
Investment management fees      
Revenues      
Revenues 773,830 711,475 728,339
Distribution and service fees      
Revenues      
Revenues 54,692 56,153 67,518
Administration and shareholder service fees      
Revenues      
Revenues 74,294 73,857 85,862
Other income and fees      
Revenues      
Revenues $ 4,133 $ 3,783 $ 4,660