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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Revenues $ 217,932 $ 222,042
Operating Expenses    
Employment expenses 109,093 115,163
Distribution and other asset-based expenses 22,896 24,348
Restructuring expense 0 797
Depreciation expense 2,345 2,028
Amortization expense 12,944 15,335
Total operating expenses 181,337 189,736
Operating Income (Loss) 36,595 32,306
Other Income (Expense)    
Other income (expense), net 998 550
Total other income (expense), net (7,642) 5,501
Interest Income (Expense)    
Total interest income (expense), net 11,449 8,891
Income (Loss) Before Income Taxes 40,402 46,698
Income tax expense (benefit) 12,350 8,831
Net Income (Loss) 28,052 37,867
Noncontrolling interests 595 (8,009)
Net Income (Loss) Attributable to Virtus Investment Partners, Inc. $ 28,647 $ 29,858
Earnings (Loss) per Share—Basic (in dollars per share) $ 4.12 $ 4.19
Earnings (Loss) per Share—Diluted (in dollars per share) $ 4.05 $ 4.10
Weighted Average Shares Outstanding—Basic (in shares) 6,955 7,119
Weighted Average Shares Outstanding—Diluted (in shares) 7,073 7,287
Consolidated Entity excluding Consolidated Investment Products    
Operating Expenses    
Other operating expenses $ 33,059 $ 31,375
Other Income (Expense)    
Realized and unrealized gain (loss) on investments, net (991) 3,416
Interest Income (Expense)    
Interest expense (4,561) (5,681)
Interest and dividend income 3,016 3,469
Consolidated Investment Products    
Operating Expenses    
Other operating expenses 1,000 690
Other Income (Expense)    
Realized and unrealized gain (loss) on investments, net (7,649) 1,535
Interest Income (Expense)    
Interest expense (34,559) (40,012)
Interest and dividend income 47,553 51,115
Investment management fees    
Revenues    
Revenues 186,091 188,360
Distribution and service fees    
Revenues    
Revenues 12,753 14,030
Administration and shareholder service fees    
Revenues    
Revenues 18,007 18,678
Other income and fees    
Revenues    
Revenues $ 1,081 $ 974