$VRTS
VIRTUS INVESTMENT PARTNERS, INC. Stock $vrts

$vrts Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000088323724000050 Filed on May 08, 2024

Income Statement

Concept	2024 Q2	2024 Q1
Revenue	$224.4M	$222.0M
YoY Change	5.08%	12.21%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin	$129.4M	$139.5M
YoY Change	-0.61%	14.05%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$17.47M	$17.36M
YoY Change	1.01%	11.76%
% of Gross Profit
Operating Expenses	$182.8M	$188.9M
YoY Change	0.83%	11.6%
Operating Profit	$44.21M	$32.31M
YoY Change	13.21%	13.04%
Interest Expense	-$3.732M	$13.84M
YoY Change	-138.51%	-8.39%
% of Operating Profit	-8.44%	42.85%
Other Income/Expense, Net	$597.0K	$550.0K
YoY Change	-170.48%	-260.35%
Pretax Income	$37.77M	$46.70M
YoY Change	-8.08%	7.73%
Income Tax	$11.75M	$8.831M
% Of Pretax Income	31.1%	18.91%
Net Earnings	$17.61M	$29.86M
YoY Change	-41.79%	-22.7%
Net Earnings / Revenue	7.85%	13.45%
Basic Earnings Per Share	$2.47	$4.19
Diluted Earnings Per Share	$2.43	$4.10
COMMON SHARES
Basic Shares Outstanding	7.128M shares	7.088M shares
Diluted Shares Outstanding	7.242M shares	7.287M shares

Balance Sheet

Concept	2024 Q2	2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$305.3M	$251.3M
YoY Change	-6.0%	-23.63%
Cash & Equivalents	$350.7M	$247.7M
Short-Term Investments	$122.3M	$127.4M
Other Short-Term Assets	$206.9M	$155.6M
YoY Change
Inventory
Prepaid Expenses
Receivables	$105.6M	$116.4M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$411.0M	$367.7M
YoY Change	-4.21%	-13.88%
LONG-TERM ASSETS
Property, Plant & Equipment	$25.15M	$26.09M
YoY Change	8.25%	34.2%
Goodwill	$397.1M	$397.1M
YoY Change	0.0%	13.84%
Intangibles	$401.6M	$416.8M
YoY Change	-14.15%	-2.65%
Long-Term Investments	$167.7M	$123.8M
YoY Change	7.35%	-39.54%
Other Assets	$138.6M	$135.4M
YoY Change	-5.92%	-15.98%
Total Long-Term Assets	$3.237B	$3.180B
YoY Change	0.63%	-2.77%
TOTAL ASSETS
Total Short-Term Assets	$411.0M	$367.7M
Total Long-Term Assets	$3.237B	$3.180B
Total Assets	$3.648B	$3.548B
YoY Change	0.06%	-4.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$30.28M	$44.28M
YoY Change	-23.11%	14.83%
Accrued Expenses	$132.3M	$95.59M
YoY Change	12.39%	38.33%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$242.9M	$223.1M
YoY Change	-8.69%	-0.26%
LONG-TERM LIABILITIES
Long-Term Debt	$2.238B	$2.175B
YoY Change	1.46%	-5.89%
Other Long-Term Liabilities	$165.3M	$158.7M
YoY Change	-20.03%	-25.23%
Total Long-Term Liabilities	$2.403B	$2.334B
YoY Change	-0.38%	-7.51%
TOTAL LIABILITIES
Total Short-Term Liabilities	$242.9M	$223.1M
Total Long-Term Liabilities	$2.403B	$2.334B
Total Liabilities	$2.646B	$2.557B
YoY Change	-1.21%	-6.92%
SHAREHOLDERS EQUITY
Retained Earnings	$226.5M	$223.0M
YoY Change	30.19%	43.15%
Common Stock	$1.304B	$1.298B
YoY Change	1.35%	1.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$868.7M	$871.7M
YoY Change
Total Liabilities & Shareholders Equity	$3.648B	$3.548B
YoY Change	0.06%	-4.05%

Cashflow Statement

Concept	2024 Q2	2024 Q1
OPERATING ACTIVITIES
Net Income	$17.61M	$29.86M
YoY Change	-41.79%	-22.7%
Depreciation, Depletion And Amortization	$17.47M	$17.36M
YoY Change	1.01%	11.76%
Cash From Operating Activities	$69.96M	-$34.53M
YoY Change	-51.77%	-19.63%
INVESTING ACTIVITIES
Capital Expenditures	$1.328M	$1.923M
YoY Change	20.73%	32.8%
Acquisitions
YoY Change
Other Investing Activities	-$12.00K	-$537.0K
YoY Change	-99.99%	-95.41%
Cash From Investing Activities	-$1.340M	-$2.460M
YoY Change	-98.78%	-81.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	34.30M	-$56.15M
YoY Change	-135.86%	-51.21%
NET CHANGE
Cash From Operating Activities	69.96M	-$34.53M
Cash From Investing Activities	-1.340M	-$2.460M
Cash From Financing Activities	34.30M	-$56.15M
Net Change In Cash	102.9M	-$93.34M
YoY Change	-269.55%	-45.42%
FREE CASH FLOW
Cash From Operating Activities	$69.96M	-$34.53M
Capital Expenditures	$1.328M	$1.923M
Free Cash Flow	$68.63M	-$36.45M
YoY Change	-52.32%	-17.92%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	222042000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	34643000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	197874000	usd
CY2024Q1	us-gaap	Labor And Related Expense LaborAndRelatedExpense	115163000	usd
CY2023Q1	us-gaap	Labor And Related Expense LaborAndRelatedExpense	98614000	usd
CY2024Q1	us-gaap	Expense Related To Distribution Or Servicing And Underwriting Fees ExpenseRelatedToDistributionOrServicingAndUnderwritingFees	24348000	usd
CY2023Q1	us-gaap	Expense Related To Distribution Or Servicing And Underwriting Fees ExpenseRelatedToDistributionOrServicingAndUnderwritingFees	23715000	usd
CY2024Q1	us-gaap	Restructuring Charges RestructuringCharges	797000	usd
CY2023Q1	us-gaap	Restructuring Charges RestructuringCharges	0	usd
CY2024Q1	us-gaap	Depreciation Depreciation	2028000	usd
CY2023Q1	us-gaap	Depreciation Depreciation	1145000	usd
CY2024Q1	vrts	Amortization Of Intangible Assets And Contingent Amortization AmortizationOfIntangibleAssetsAndContingentAmortization	15335000	usd
CY2023Q1	vrts	Amortization Of Intangible Assets And Contingent Amortization AmortizationOfIntangibleAssetsAndContingentAmortization	14391000	usd
CY2024Q1	us-gaap	Operating Expenses OperatingExpenses	189736000	usd
CY2023Q1	us-gaap	Operating Expenses OperatingExpenses	169295000	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	32306000	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	28579000	usd
CY2024Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	550000	usd
CY2023Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-343000	usd
CY2024Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	5501000	usd
CY2023Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	4923000	usd
CY2024Q1	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	8891000	usd
CY2023Q1	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	9844000	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	46698000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	43346000	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	8831000	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	8703000	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	37867000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	34643000	usd
CY2024Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	8009000	usd
CY2023Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-3981000	usd
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	29858000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	38624000	usd
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	4.19
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	5.33
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	4.10
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	5.21
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7119000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7245000	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	7287000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	7410000	shares
CY2024Q1	us-gaap	Profit Loss ProfitLoss	37867000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	34643000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	-36000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	35000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-100000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	99000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-100000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	99000	usd
CY2024Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	37767000	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	34742000	usd
CY2024Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	8009000	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	-3981000	usd
CY2024Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	29758000	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	38723000	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	37867000	usd
CY2024Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	18164000	usd
CY2023Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	16410000	usd
CY2024Q1	us-gaap	Share Based Compensation ShareBasedCompensation	6831000	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	5749000	usd
CY2024Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	498000	usd
CY2023Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-554000	usd
CY2024Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	1086000	usd
CY2023Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	1441000	usd
CY2024Q1	us-gaap	Proceeds From Payments For Trading Securities ProceedsFromPaymentsForTradingSecurities	5987000	usd
CY2023Q1	us-gaap	Proceeds From Payments For Trading Securities ProceedsFromPaymentsForTradingSecurities	5217000	usd
CY2024Q1	us-gaap	Increase Decrease In Operating Assets IncreaseDecreaseInOperatingAssets	341000	usd
CY2023Q1	us-gaap	Increase Decrease In Operating Assets IncreaseDecreaseInOperatingAssets	-8725000	usd
CY2024Q1	us-gaap	Increase Decrease In Operating Liabilities IncreaseDecreaseInOperatingLiabilities	-120631000	usd
CY2023Q1	us-gaap	Increase Decrease In Operating Liabilities IncreaseDecreaseInOperatingLiabilities	-115514000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-34528000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-42959000	usd
CY2024Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1923000	usd
CY2023Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1448000	usd
CY2024Q1	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	0	usd
CY2023Q1	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	11645000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-2460000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-13145000	usd
CY2024Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	688000	usd
CY2023Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	688000	usd
CY2024Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	14929000	usd
CY2023Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	14083000	usd
CY2024Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	5000000	usd
CY2023Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	usd
CY2024Q1	us-gaap	Payment For Contingent Consideration Liability Financing Activities PaymentForContingentConsiderationLiabilityFinancingActivities	24234000	usd
CY2023Q1	us-gaap	Payment For Contingent Consideration Liability Financing Activities PaymentForContingentConsiderationLiabilityFinancingActivities	27179000	usd
CY2024Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	9854000	usd
CY2023Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	12209000	usd
CY2024Q1	vrts	Disposal Of Payments For Affiliate Equity DisposalOfPaymentsForAffiliateEquity	419000	usd
CY2023Q1	vrts	Disposal Of Payments For Affiliate Equity DisposalOfPaymentsForAffiliateEquity	0	usd
CY2024Q1	us-gaap	Proceeds From Payments To Minority Shareholders ProceedsFromPaymentsToMinorityShareholders	16772000	usd
CY2023Q1	us-gaap	Proceeds From Payments To Minority Shareholders ProceedsFromPaymentsToMinorityShareholders	294000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-56146000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-115078000	usd
CY2024Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-203000	usd
CY2023Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	180000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-93337000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-171002000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	341014000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	589179000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	247677000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	418177000	usd
CY2024Q1	us-gaap	Minority Interest Change In Redemption Value MinorityInterestChangeInRedemptionValue	-13624000	usd
CY2023Q1	us-gaap	Minority Interest Change In Redemption Value MinorityInterestChangeInRedemptionValue	-3447000	usd
CY2024Q1	vrts	Common Stock Dividends Accrued But Not Yet Paid CommonStockDividendsAccruedButNotYetPaid	13467000	usd
CY2023Q1	vrts	Common Stock Dividends Accrued But Not Yet Paid CommonStockDividendsAccruedButNotYetPaid	11850000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	247677000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	341014000	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	822936000	usd
CY2022Q4	us-gaap	Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests	113718000	usd
CY2023Q1	us-gaap	Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest	39389000	usd
CY2023Q1	us-gaap	Temporary Equity Net Income TemporaryEquityNetIncome	-4746000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	99000	usd
CY2023Q1	us-gaap	Minority Interest Period Increase Decrease MinorityInterestPeriodIncreaseDecrease	-300000	usd
CY2023Q1	vrts	Noncontrolling Interest Subscriptions Redemptions NoncontrollingInterestSubscriptionsRedemptions	-2342000	usd
CY2023Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	1.65
CY2023Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	13093000	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	0	usd
CY2023Q1	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	12209000	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	7475000	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	844297000	usd
CY2023Q1	us-gaap	Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests	106630000	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	868289000	usd
CY2023Q4	us-gaap	Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests	104869000	usd
CY2024Q1	us-gaap	Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest	30249000	usd
CY2024Q1	us-gaap	Temporary Equity Net Income TemporaryEquityNetIncome	7618000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-100000	usd
CY2024Q1	us-gaap	Minority Interest Period Increase Decrease MinorityInterestPeriodIncreaseDecrease	-403000	usd
CY2024Q1	vrts	Noncontrolling Interest Subscriptions Redemptions NoncontrollingInterestSubscriptionsRedemptions	2698000	usd
CY2024Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	1.90
CY2024Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	14191000	usd
CY2024Q1	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	4999000	usd
CY2024Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	0	usd
CY2024Q1	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	9852000	usd
CY2024Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	7010000	usd
CY2024Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	876003000	usd
CY2024Q1	us-gaap	Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests	115185000	usd
CY2024Q1	us-gaap	Nature Of Operations NatureOfOperations	Organization and Business<div style="text-indent:36pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Virtus Investment Partners, Inc. (the "Company," "we," "us," "our" or "Virtus"), a Delaware corporation, operates in the investment management industry through its subsidiaries.</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company provides investment management and related services to institutions and individuals. The Company's investment strategies are offered to institutional clients through institutional separate and commingled accounts, including structured products. The Company’s retail investment management services are provided to individuals through products consisting of: mutual funds registered pursuant to the Investment Company Act of 1940, as amended ("U.S. retail funds"); Undertaking for Collective Investment in Transferable Securities and Qualifying Investor Funds (collectively, "global funds") and collectively with U.S. retail funds, variable insurance funds, and exchange-traded funds ("ETFs"), (the "open-end funds"); closed-end funds (collectively, with open-end funds, the "funds"); and retail separate accounts that include intermediary-sold and private client accounts. The Company also provides subadvisory services to other investment advisers.</span></div>
CY2023Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	806655000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	416834000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	389821000	usd
CY2023Q4	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	42298000	usd
CY2023Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	432119000	usd
CY2024Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	15335000	usd
CY2024Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	15335000	usd
CY2024Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	15335000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	806655000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	432169000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	374486000	usd
CY2024Q1	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	42298000	usd
CY2024Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	416784000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	40964000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	51532000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	50552000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	47450000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	41787000	usd
CY2024Q1	vrts	Finite Lived Intangible Asset Expected Amortization After Year Four FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour	142201000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	374486000	usd
CY2024Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	1.90
CY2024Q1	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	21108	shares
CY2024Q1	us-gaap	Treasury Stock Acquired Average Cost Per Share TreasuryStockAcquiredAverageCostPerShare	236.84
CY2024Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	5000000	usd
CY2024Q1	us-gaap	Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased	583437	shares
CY2024Q1	us-gaap	Equity Securities Fv Ni Cost EquitySecuritiesFvNiCost	85942000	usd
CY2024Q1	us-gaap	Equity Securities Fv Ni EquitySecuritiesFvNi	90497000	usd
CY2023Q4	us-gaap	Equity Securities Fv Ni Cost EquitySecuritiesFvNiCost	97147000	usd
CY2023Q4	us-gaap	Equity Securities Fv Ni EquitySecuritiesFvNi	97304000	usd
CY2024Q1	us-gaap	Debt And Equity Securities Realized Gain Loss DebtAndEquitySecuritiesRealizedGainLoss	-400000	usd
CY2023Q1	us-gaap	Debt And Equity Securities Realized Gain Loss DebtAndEquitySecuritiesRealizedGainLoss	1300000	usd
CY2024Q1	us-gaap	Cash And Cash Equivalents Fair Value Disclosure CashAndCashEquivalentsFairValueDisclosure	92458000	usd
CY2024Q1	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	196698000	usd
CY2024Q1	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	41708000	usd
CY2023Q4	us-gaap	Cash And Cash Equivalents Fair Value Disclosure CashAndCashEquivalentsFairValueDisclosure	197240000	usd
CY2023Q4	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	307226000	usd
CY2023Q4	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	56200000	usd
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant	375169	shares
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized	3370000	shares
CY2024Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	6831000	usd
CY2023Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	5749000	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	37867000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	34643000	usd
CY2024Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	8009000	usd
CY2023Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-3981000	usd
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	29858000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	38624000	usd
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7119000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7245000	shares
CY2024Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	168000	shares
CY2023Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	165000	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	7287000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	7410000	shares
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	4.19
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	5.33
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	4.10
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	5.21
CY2024Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	1000	shares
CY2023Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	40000	shares
CY2024Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.189
CY2023Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.201
CY2023Q4	us-gaap	Redeemable Noncontrolling Interest Equity Redemption Value RedeemableNoncontrollingInterestEquityRedemptionValue	104869000	usd
CY2024Q1	us-gaap	Net Income Loss Attributable To Redeemable Noncontrolling Interest NetIncomeLossAttributableToRedeemableNoncontrollingInterest	3258000	usd
CY2024Q1	us-gaap	Temporary Equity Net Income TemporaryEquityNetIncome	7618000	usd
CY2024Q1	us-gaap	Payments To Acquire Interest In Subsidiaries And Affiliates PaymentsToAcquireInterestInSubsidiariesAndAffiliates	419000	usd
CY2024Q1	vrts	Noncontrolling Interest Subscriptions Redemptions And Other NoncontrollingInterestSubscriptionsRedemptionsAndOther	-3117000	usd
CY2024Q1	us-gaap	Redeemable Noncontrolling Interest Equity Redemption Value RedeemableNoncontrollingInterestEquityRedemptionValue	115185000	usd
CY2024Q1	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2024Q1	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false

Files In Submission

Name	View Source	Status
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0000883237-24-000050-index.html	Edgar Link	pending
0000883237-24-000050.txt	Edgar Link	pending
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report.css	Edgar Link	pending
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vrts-20240331.htm	Edgar Link	pending
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vrts-20240331_def.xml	Edgar Link	unprocessable
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vrts-20240331_pre.xml	Edgar Link	unprocessable
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vrts-20240331_cal.xml	Edgar Link	unprocessable

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VIRTUS INVESTMENT PARTNERS, INC. Stock $vrts

2024 Q2 Form 10-Q Financial Statement

#000088323724000050 Filed on May 08, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VRTS VIRTUS INVESTMENT PARTNERS, INC. Stock $vrts

2024 Q2 Form 10-Q Financial Statement

#000088323724000050 Filed on May 08, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VRTS
VIRTUS INVESTMENT PARTNERS, INC. Stock $vrts