XML 17 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets:    
Accounts receivable, net $ 112,875 $ 117,207
Furniture, equipment and leasehold improvements, net 23,591 22,718
Operating lease right-of-use assets 57,499 57,131
Intangible assets, net 365,285 378,229
Goodwill 397,098 397,098
Deferred taxes, net 21,871 23,206
Total assets 3,687,689 3,994,494
Liabilities:    
Accrued compensation and benefits 92,988 224,501
Accounts payable and accrued liabilities 56,699 49,492
Contingent consideration 40,365 63,505
Debt 231,705 232,130
Operating lease liabilities 72,120 70,037
Other liabilities 17,968 15,932
Total liabilities 2,670,862 2,985,576
Commitments and Contingencies (Note 12)
Redeemable noncontrolling interests 120,579 107,282
Equity attributable to Virtus Investment Partners, Inc.:    
Common stock, $0.01 par value, 1,000,000,000 shares authorized; 12,298,949 shares issued and 6,911,016 shares outstanding at March 31, 2025; and 12,243,880 shares issued and 6,967,147 shares outstanding at December 31, 2024 123 122
Additional paid-in capital 1,322,280 1,319,108
Retained earnings (accumulated deficit) 280,979 268,221
Accumulated other comprehensive income (loss) (72) (364)
Treasury stock, at cost, 5,387,933 and 5,276,733 shares at March 31, 2025 and December 31, 2024, respectively (709,594) (689,594)
Total equity attributable to Virtus Investment Partners, Inc. 893,716 897,493
Total equity 896,248 901,636
Total liabilities and equity 3,687,689 3,994,494
Consolidated Entity excluding Consolidated Investment Products    
Assets:    
Cash and cash equivalents 135,380 265,888
Investments 119,942 119,216
Other assets 35,328 34,292
Consolidated Investment Products    
Assets:    
Cash and cash equivalents 83,474 133,694
Investments 2,277,633 2,270,717
Cash pledged or on deposit of CIP 732 727
Other assets 56,981 174,371
Liabilities:    
Notes payable of CIP 2,037,390 2,171,946
Securities purchased payable and other liabilities of CIP 121,627 158,033
Equity attributable to Virtus Investment Partners, Inc.:    
Noncontrolling interests $ 2,532 $ 4,143