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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Revenues $ 210,525 $ 224,384 $ 428,457 $ 446,426
Operating Expenses        
Employment expenses 98,030 105,667 207,123 220,830
Distribution and other asset-based expenses 21,975 23,695 44,871 48,043
Change in fair value of contingent consideration (3,014) (3,300) (3,014) (3,300)
Restructuring expense 0 690 0 1,487
Depreciation expense 2,006 2,270 4,351 4,298
Amortization expense 12,944 15,198 25,888 30,533
Total operating expenses 165,315 180,179 346,652 369,915
Operating Income (Loss) 45,210 44,205 81,805 76,511
Other Income (Expense)        
Other income (expense), net 1,137 597 2,135 1,147
Total other income (expense), net (96) (13,892) (7,738) (8,391)
Interest Income (Expense)        
Total interest income (expense), net 10,032 7,457 21,481 16,348
Income (Loss) Before Income Taxes 55,146 37,770 95,548 84,468
Income tax expense (benefit) 12,403 11,748 24,753 20,579
Net Income (Loss) 42,743 26,022 70,795 63,889
Noncontrolling interests (370) (8,408) 225 (16,417)
Net Income (Loss) Attributable to Virtus Investment Partners, Inc. $ 42,373 $ 17,614 $ 71,020 $ 47,472
Earnings (Loss) per Share—Basic (in dollars per share) $ 6.18 $ 2.47 $ 10.29 $ 6.66
Earnings (Loss) per Share—Diluted (in dollars per share) $ 6.12 $ 2.43 $ 10.15 $ 6.54
Weighted Average Shares Outstanding—Basic (in shares) 6,855 7,127 6,905 7,123
Weighted Average Shares Outstanding—Diluted (in shares) 6,922 7,242 6,997 7,264
Consolidated Entity excluding Consolidated Investment Products        
Operating Expenses        
Other operating expenses $ 32,564 $ 33,050 $ 65,623 $ 64,425
Other Income (Expense)        
Realized and unrealized gain (loss) on investments, net 3,971 (1,553) 2,980 1,863
Interest Income (Expense)        
Interest expense (4,582) (5,611) (9,143) (11,292)
Interest and dividend income 2,054 2,643 5,070 6,112
Consolidated Investment Products        
Operating Expenses        
Other operating expenses 810 2,909 1,810 3,599
Other Income (Expense)        
Realized and unrealized gain (loss) on investments, net (5,204) (12,936) (12,853) (11,401)
Interest Income (Expense)        
Interest expense (33,477) (41,960) (68,036) (81,972)
Interest and dividend income 46,037 52,385 93,590 103,500
Investment management fees        
Revenues        
Revenues 179,476 191,652 365,567 380,012
Distribution and service fees        
Revenues        
Revenues 11,968 13,410 24,721 27,440
Administration and shareholder service fees        
Revenues        
Revenues 18,048 18,308 36,055 36,986
Other income and fees        
Revenues        
Revenues $ 1,033 $ 1,014 $ 2,114 $ 1,988