Virtus Q4 revenue falls 11% to $208.0 million; net outflows reach $8.1 billion
Virtus Investment Partners reported fourth-quarter 2025 results, with revenue down 11% from a year earlier to $208.0 million and adjusted diluted earnings per share down 13% to $6.50. GAAP diluted earnings per share rose 11% to $5.17, but the company said that reflected items such as investment gains and fair value adjustments, and assets under management fell to $159.5 billion, which matters to shareholders because lower assets generally reduce fee revenue.
Key points
- Revenue of $208.0 million, down 11% from $233.5 million a year earlier and down 4% from $216.4 million in the prior quarter
- GAAP diluted EPS of $5.17 versus $4.66 a year earlier; adjusted diluted EPS of $6.50 versus $7.50
- Net outflows of $8.1 billion in the quarter versus $4.8 billion a year earlier; ending assets under management of $159.5 billion, down 9% year over year
- Cash and cash equivalents of $386.5 million at December 31, 2025; the company repurchased 60,292 shares for $10.0 million during the quarter
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 06, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.