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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Revenues $ 201,362 $ 210,525 $ 400,897 $ 428,457
Operating Expenses        
Employment expenses 102,472 98,030 207,685 207,123
Distribution and other asset-based expenses 20,283 21,975 40,817 44,871
Change in fair value of contingent consideration (4,407) (3,014) (3,998) (3,014)
Restructuring expense 825 0 3,696 0
Depreciation expense 1,679 2,006 3,346 4,351
Amortization expense 20,056 12,944 35,231 25,888
Total operating expenses 174,038 165,315 358,125 346,652
Operating Income (Loss) 27,324 45,210 42,772 81,805
Other Income (Expense)        
Other income (expense), net (725) 1,137 (102) 2,135
Total other income (expense), net 18,191 (96) 5,315 (7,738)
Interest Income (Expense)        
Total interest income (expense), net 7,498 10,032 18,229 21,481
Income (Loss) Before Income Taxes 53,013 55,146 66,316 95,548
Income tax expense (benefit) 8,406 12,403 15,558 24,753
Net Income (Loss) 44,607 42,743 50,758 70,795
Noncontrolling interests 699 (370) 1,673 225
Net Income (Loss) Attributable to Virtus Investment Partners, Inc. $ 45,306 $ 42,373 $ 52,431 $ 71,020
Earnings (Loss) per Share—Basic (in dollars per share) $ 6.79 $ 6.18 $ 7.85 $ 10.29
Earnings (Loss) per Share—Diluted (in dollars per share) $ 6.68 $ 6.12 $ 7.72 $ 10.15
Weighted Average Shares Outstanding—Basic (in shares) 6,670 6,855 6,680 6,905
Weighted Average Shares Outstanding—Diluted (in shares) 6,778 6,922 6,792 6,997
Consolidated Entity excluding Consolidated Investment Products        
Operating Expenses        
Other operating expenses $ 32,204 $ 32,564 $ 68,407 $ 65,623
Other Income (Expense)        
Realized and unrealized gain (loss) on investments, net 4,541 3,971 5,386 2,980
Interest Income (Expense)        
Interest expense (7,146) (4,582) (13,911) (9,143)
Interest and dividend income 1,372 2,054 4,319 5,070
Consolidated Investment Products        
Operating Expenses        
Other operating expenses 926 810 2,941 1,810
Other Income (Expense)        
Realized and unrealized gain (loss) on investments, net 14,375 (5,204) 31 (12,853)
Interest Income (Expense)        
Interest expense (33,478) (33,477) (67,560) (68,036)
Interest and dividend income 46,750 46,037 95,381 93,590
Investment management fees        
Revenues        
Revenues 170,850 179,476 339,983 365,567
Administration and shareholder service fees        
Revenues        
Revenues 17,340 18,048 34,651 36,055
Distribution and service fees        
Revenues        
Revenues 11,758 11,968 23,391 24,721
Other income and fees        
Revenues        
Revenues $ 1,414 $ 1,033 $ 2,872 $ 2,114