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Side-by-side financial comparison of ACV Auctions Inc. (ACVA) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
VIRTUS INVESTMENT PARTNERS, INC. is the larger business by last-quarter revenue ($199.5M vs $183.6M, roughly 1.1× ACV Auctions Inc.). On growth, ACV Auctions Inc. posted the faster year-over-year revenue change (15.1% vs -4.1%). Over the past eight quarters, ACV Auctions Inc.'s revenue compounded faster (12.3% CAGR vs -5.7%).
ACV Auctions Inc.ACVAEarnings & Financial Report
ACV Auctions Inc. operates a leading digital wholesale vehicle auction platform serving automotive dealers across the U.S. and Canada. It offers end-to-end services including transparent vehicle inspections, secure payment processing, and logistics support, enabling efficient trading of used vehicles between registered wholesale buyers and sellers.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
ACVA vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $183.6M | $199.5M |
| Net Profit | — | $7.1M |
| Gross Margin | — | — |
| Operating Margin | -9.7% | 7.7% |
| Net Margin | — | 3.6% |
| Revenue YoY | 15.1% | -4.1% |
| Net Profit YoY | — | -78.1% |
| EPS (diluted) | $-0.12 | $1.05 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $199.5M | ||
| Q4 25 | $183.6M | $208.0M | ||
| Q3 25 | $199.6M | $216.4M | ||
| Q2 25 | $193.7M | $210.5M | ||
| Q1 25 | $182.7M | $217.9M | ||
| Q4 24 | $159.5M | $233.5M | ||
| Q3 24 | $171.3M | $227.0M | ||
| Q2 24 | $160.6M | $224.4M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | — | $33.9M | ||
| Q3 25 | $-24.5M | $31.3M | ||
| Q2 25 | $-7.3M | $42.7M | ||
| Q1 25 | $-14.8M | $28.1M | ||
| Q4 24 | — | $39.5M | ||
| Q3 24 | $-16.0M | $49.1M | ||
| Q2 24 | $-17.1M | $26.0M |
| Q1 26 | — | 7.7% | ||
| Q4 25 | -9.7% | 19.1% | ||
| Q3 25 | -11.9% | 21.7% | ||
| Q2 25 | -3.7% | 21.5% | ||
| Q1 25 | -7.9% | 16.8% | ||
| Q4 24 | -16.2% | 21.7% | ||
| Q3 24 | -10.0% | 24.3% | ||
| Q2 24 | -11.6% | 19.7% |
| Q1 26 | — | 3.6% | ||
| Q4 25 | — | 16.3% | ||
| Q3 25 | -12.3% | 14.5% | ||
| Q2 25 | -3.8% | 20.3% | ||
| Q1 25 | -8.1% | 12.9% | ||
| Q4 24 | — | 16.9% | ||
| Q3 24 | -9.4% | 21.6% | ||
| Q2 24 | -10.6% | 11.6% |
| Q1 26 | — | $1.05 | ||
| Q4 25 | $-0.12 | $5.15 | ||
| Q3 25 | $-0.14 | $4.65 | ||
| Q2 25 | $-0.04 | $6.12 | ||
| Q1 25 | $-0.09 | $4.05 | ||
| Q4 24 | $-0.15 | $4.65 | ||
| Q3 24 | $-0.10 | $5.71 | ||
| Q2 24 | $-0.10 | $2.43 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $271.5M | $136.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $429.7M | $93.6B |
| Total Assets | $1.1B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $136.6M | ||
| Q4 25 | $271.5M | — | ||
| Q3 25 | $265.3M | — | ||
| Q2 25 | $258.4M | — | ||
| Q1 25 | $291.9M | — | ||
| Q4 24 | $224.1M | — | ||
| Q3 24 | $252.5M | — | ||
| Q2 24 | $215.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M |
| Q1 26 | — | $93.6B | ||
| Q4 25 | $429.7M | $934.0M | ||
| Q3 25 | $434.4M | $918.7M | ||
| Q2 25 | $448.8M | $896.4M | ||
| Q1 25 | $439.6M | $893.7M | ||
| Q4 24 | $440.0M | $897.5M | ||
| Q3 24 | $456.2M | $889.0M | ||
| Q2 24 | $457.6M | $868.7M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $4.3B | ||
| Q3 25 | $1.2B | $3.9B | ||
| Q2 25 | $1.1B | $3.7B | ||
| Q1 25 | $1.2B | $3.7B | ||
| Q4 24 | $984.1M | $4.0B | ||
| Q3 24 | $1.0B | $3.6B | ||
| Q2 24 | $1.0B | $3.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-12.4M | — |
| Free Cash FlowOCF − Capex | $-14.7M | — |
| FCF MarginFCF / Revenue | -8.0% | — |
| Capex IntensityCapex / Revenue | 1.2% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $69.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-12.4M | $-67.2M | ||
| Q3 25 | $10.3M | $108.3M | ||
| Q2 25 | $13.7M | $75.8M | ||
| Q1 25 | $66.6M | $-3.8M | ||
| Q4 24 | $-3.2M | $1.8M | ||
| Q3 24 | $21.1M | $69.1M | ||
| Q2 24 | $4.5M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-14.7M | $-74.1M | ||
| Q3 25 | $7.7M | $106.9M | ||
| Q2 25 | $10.9M | $74.2M | ||
| Q1 25 | $65.3M | $-6.8M | ||
| Q4 24 | $-3.9M | $-3.8M | ||
| Q3 24 | $20.2M | $68.7M | ||
| Q2 24 | $2.7M | $68.6M |
| Q1 26 | — | — | ||
| Q4 25 | -8.0% | -35.6% | ||
| Q3 25 | 3.8% | 49.4% | ||
| Q2 25 | 5.6% | 35.2% | ||
| Q1 25 | 35.7% | -3.1% | ||
| Q4 24 | -2.5% | -1.6% | ||
| Q3 24 | 11.8% | 30.3% | ||
| Q2 24 | 1.7% | 30.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 3.3% | ||
| Q3 25 | 1.3% | 0.7% | ||
| Q2 25 | 1.5% | 0.7% | ||
| Q1 25 | 0.7% | 1.4% | ||
| Q4 24 | 0.4% | 2.4% | ||
| Q3 24 | 0.6% | 0.2% | ||
| Q2 24 | 1.1% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | -1.99× | ||
| Q3 25 | — | 3.45× | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | — | -0.13× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACVA
| Auction Marketplace Revenue | $77.6M | 42% |
| Other Marketplace Revenue | $72.4M | 39% |
| Customer Assurance | $24.1M | 13% |
| Data Services Revenue | $9.4M | 5% |
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
