Filing Flows › Virtus Investment Partners (VRTS) › Q4 2024
Virtus Investment Partners (VRTS) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 28, 2025
Virtus Investment Partners (VRTS) reported revenue of $233M for the fourth quarter 2024 (Q4 2024), +9% from a year earlier and +3% from the quarter before. Operating margin was 21.7%, net earnings $33.3M (14.3% of revenue).
Virtus Investment Partners, Q4 2024: revenue $233M (+9% year over year), operating margin 21.7%, net earnings $33.3M, operating cash flow −$103M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $233M | +3% | +9% |
| Operating profit | $50.7M | -8% | +30% |
| Net earnings | $33.3M | -19% | +8% |
| Operating cash flow | −$103M | — | — |
What changed
Revenue was $233.5M in Q4 2024, up 9% year over year and up 3% from the previous quarter. Investment management fees was the largest line at 86% of revenue.
Operating profit was $50.7M, a 21.7% margin (up 3.6 points year over year). Of the extra revenue versus a year earlier, 62% reached operating profit, above the 18% margin then. Total costs grew 4% against revenue growth of 9%. Net earnings were $33.3M, up 8% year over year. The effective tax rate was 32.6%.
Operating cash flow was −$102.8M. Non-cash charges added back $16.2M of depreciation and amortization and $8.6M of share-based compensation. Working capital and other items used $167.0M. Capital expenditures of $1.9M exceeded it, leaving free cash flow of −$104.7M.
Questions
What was Virtus Investment Partners' revenue in the fourth quarter 2024?
Virtus Investment Partners (VRTS) reported revenue of $233M for the fourth quarter 2024 (Q4 2024), +9% from a year earlier and +3% from the quarter before.
Was Virtus Investment Partners profitable in the fourth quarter 2024?
Operating profit was $50.7M (21.7% of revenue) and net earnings $33.3M.