Filing Flows › Virtus Investment Partners (VRTS) › Q1 2026
Virtus Investment Partners (VRTS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Virtus Investment Partners (VRTS) reported revenue of $200M for the first quarter 2026 (Q1 2026), -8% from a year earlier and -4% from the quarter before. Operating margin was 7.7%, net earnings $7.1M (3.6% of revenue).
Virtus Investment Partners, Q1 2026: revenue $200M (-8% year over year), operating margin 7.7%, net earnings $7.1M, operating cash flow $35.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $200M | -4% | -8% |
| Operating profit | $15.4M | -61% | -58% |
| Net earnings | $7.1M | -80% | -75% |
| Operating cash flow | $35.9M | — | — |
| Free cash flow | $33.5M | — | — |
What changed
Revenue was $199.5M in Q1 2026, down 8% year over year and down 4% from the previous quarter. Open-end funds was the largest line at 32% of revenue. Open-end funds lost $10.3M year over year (down 14%), 56% of the total change.
Operating profit was $15.4M, a 7.7% margin (down 9.0 points year over year). Total costs grew 2% against a revenue fall of 8%. Net earnings were $7.1M, down 75% year over year ($6.2M including minority interests, which bore $1.0M of losses). The effective tax rate was 53.8%.
Operating cash flow was $35.9M, 584% of net income including minority interests. Non-cash charges added back $17.7M of depreciation and amortization and $5.2M of share-based compensation. Working capital and other items added $6.9M. Capital expenditures of $2.4M left free cash flow of $33.5M.
Questions
What was Virtus Investment Partners' revenue in the first quarter 2026?
Virtus Investment Partners (VRTS) reported revenue of $200M for the first quarter 2026 (Q1 2026), -8% from a year earlier and -4% from the quarter before.
Was Virtus Investment Partners profitable in the first quarter 2026?
Operating profit was $15.4M (7.7% of revenue) and net earnings $7.1M.