vs
Side-by-side financial comparison of Bandwidth Inc. (BAND) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $208.0M, roughly 1.0× VIRTUS INVESTMENT PARTNERS, INC.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 16.3% vs 1.9%, a 14.4% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs -10.9%). Bandwidth Inc. produced more free cash flow last quarter ($-1.0M vs $-74.1M). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs -3.2%).
Bandwidth Inc. is a communications platform as a service company. It sells software application programming interfaces for voice, text messaging and emergency services, using its own global IP voice network.
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.
BAND vs VRTS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $208.0M |
| Net Profit | $4.0M | $33.9M |
| Gross Margin | 37.3% | — |
| Operating Margin | 60.5% | 19.1% |
| Net Margin | 1.9% | 16.3% |
| Revenue YoY | 20.1% | -10.9% |
| Net Profit YoY | 200.0% | -14.2% |
| EPS (diluted) | $-0.08 | $5.15 |
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 | $208.8M | — | ||
| Q4 25 | $207.7M | $208.0M | ||
| Q3 25 | $191.9M | $216.4M | ||
| Q2 25 | $180.0M | $210.5M | ||
| Q1 25 | $174.2M | $217.9M | ||
| Q4 24 | $210.0M | $233.5M | ||
| Q3 24 | $193.9M | $227.0M | ||
| Q2 24 | $173.6M | $224.4M |
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $33.9M | ||
| Q3 25 | $-1.2M | $31.3M | ||
| Q2 25 | $-4.9M | $42.7M | ||
| Q1 25 | $-3.7M | $28.1M | ||
| Q4 24 | — | $39.5M | ||
| Q3 24 | $413.0K | $49.1M | ||
| Q2 24 | $4.1M | $26.0M |
| Q1 26 | 37.3% | — | ||
| Q4 25 | 37.6% | — | ||
| Q3 25 | 38.5% | — | ||
| Q2 25 | 39.8% | — | ||
| Q1 25 | 41.0% | — | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 37.3% | — |
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | 19.1% | ||
| Q3 25 | -1.0% | 21.7% | ||
| Q2 25 | -2.1% | 21.5% | ||
| Q1 25 | -2.7% | 16.8% | ||
| Q4 24 | -1.3% | 21.7% | ||
| Q3 24 | -0.5% | 24.3% | ||
| Q2 24 | -3.5% | 19.7% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | 16.3% | ||
| Q3 25 | -0.6% | 14.5% | ||
| Q2 25 | -2.7% | 20.3% | ||
| Q1 25 | -2.1% | 12.9% | ||
| Q4 24 | — | 16.9% | ||
| Q3 24 | 0.2% | 21.6% | ||
| Q2 24 | 2.3% | 11.6% |
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $5.15 | ||
| Q3 25 | $-0.04 | $4.65 | ||
| Q2 25 | $-0.16 | $6.12 | ||
| Q1 25 | $-0.13 | $4.05 | ||
| Q4 24 | $0.27 | $4.65 | ||
| Q3 24 | $0.01 | $5.71 | ||
| Q2 24 | $-0.17 | $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 | $47.3M | — |
| Total DebtLower is stronger | — | $390.0M |
| Stockholders' EquityBook value | $405.7M | $934.0M |
| Total Assets | $984.2M | $4.3B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | — | ||
| Q3 25 | $80.4M | — | ||
| Q2 25 | $68.1M | — | ||
| Q1 25 | $41.7M | — | ||
| Q4 24 | $83.8M | — | ||
| Q3 24 | $79.9M | — | ||
| Q2 24 | $76.4M | — |
| 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 | $405.7M | — | ||
| Q4 25 | $400.0M | $934.0M | ||
| Q3 25 | $392.7M | $918.7M | ||
| Q2 25 | $384.5M | $896.4M | ||
| Q1 25 | $345.4M | $893.7M | ||
| Q4 24 | $312.5M | $897.5M | ||
| Q3 24 | $336.6M | $889.0M | ||
| Q2 24 | $307.4M | $868.7M |
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $4.3B | ||
| Q3 25 | $1.0B | $3.9B | ||
| Q2 25 | $1.0B | $3.7B | ||
| Q1 25 | $964.4M | $3.7B | ||
| Q4 24 | $989.2M | $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 | — | $-67.2M |
| Free Cash FlowOCF − Capex | $-1.0M | $-74.1M |
| FCF MarginFCF / Revenue | -0.5% | -35.6% |
| Capex IntensityCapex / Revenue | — | 3.3% |
| Cash ConversionOCF / Net Profit | — | -1.99× |
| TTM Free Cash FlowTrailing 4 quarters | — | $100.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $-67.2M | ||
| Q3 25 | $22.2M | $108.3M | ||
| Q2 25 | $31.7M | $75.8M | ||
| Q1 25 | $-3.1M | $-3.8M | ||
| Q4 24 | $36.5M | $1.8M | ||
| Q3 24 | $20.5M | $69.1M | ||
| Q2 24 | $24.4M | $70.0M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $-74.1M | ||
| Q3 25 | — | $106.9M | ||
| Q2 25 | — | $74.2M | ||
| Q1 25 | — | $-6.8M | ||
| Q4 24 | — | $-3.8M | ||
| Q3 24 | — | $68.7M | ||
| Q2 24 | — | $68.6M |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | -35.6% | ||
| Q3 25 | — | 49.4% | ||
| Q2 25 | — | 35.2% | ||
| Q1 25 | — | -3.1% | ||
| Q4 24 | — | -1.6% | ||
| Q3 24 | — | 30.3% | ||
| Q2 24 | — | 30.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 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 | 49.55× | 1.41× | ||
| Q2 24 | 6.03× | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BAND
Segment breakdown not available.
VRTS
| Open End Funds | $68.9M | 33% |
| Retail Separate Accounts | $51.3M | 25% |
| Institutional Accounts | $39.6M | 19% |
| Administration And Shareholder Service Fees | $18.4M | 9% |
| Closed End Funds | $15.9M | 8% |
| Distribution And Service Fees | $12.3M | 6% |
