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Side-by-side financial comparison of PagerDuty, Inc. (PD) 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 $124.5M, roughly 1.6× PagerDuty, Inc.). PagerDuty, Inc. runs the higher net margin — 129.7% vs 3.6%, a 126.2% gap on every dollar of revenue. On growth, PagerDuty, Inc. posted the faster year-over-year revenue change (4.7% vs -4.1%). Over the past eight quarters, PagerDuty, Inc.'s revenue compounded faster (5.9% CAGR vs -5.7%).
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
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.
PD vs VRTS — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $124.5M | $199.5M |
| Net Profit | $161.6M | $7.1M |
| Gross Margin | 85.3% | — |
| Operating Margin | 6.5% | 7.7% |
| Net Margin | 129.7% | 3.6% |
| Revenue YoY | 4.7% | -4.1% |
| Net Profit YoY | 2827.7% | -78.1% |
| EPS (diluted) | $1.69 | $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 | $124.5M | $208.0M | ||
| Q3 25 | $123.4M | $216.4M | ||
| Q2 25 | $119.8M | $210.5M | ||
| Q1 25 | $121.4M | $217.9M | ||
| Q4 24 | $118.9M | $233.5M | ||
| Q3 24 | $115.9M | $227.0M | ||
| Q2 24 | $111.2M | $224.4M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $161.6M | $33.9M | ||
| Q3 25 | $9.6M | $31.3M | ||
| Q2 25 | $-7.2M | $42.7M | ||
| Q1 25 | $-8.8M | $28.1M | ||
| Q4 24 | $-5.9M | $39.5M | ||
| Q3 24 | $-10.9M | $49.1M | ||
| Q2 24 | $-17.1M | $26.0M |
| Q1 26 | — | — | ||
| Q4 25 | 85.3% | — | ||
| Q3 25 | 84.6% | — | ||
| Q2 25 | 84.0% | — | ||
| Q1 25 | 83.6% | — | ||
| Q4 24 | 83.0% | — | ||
| Q3 24 | 82.7% | — | ||
| Q2 24 | 82.6% | — |
| Q1 26 | — | 7.7% | ||
| Q4 25 | 6.5% | 19.1% | ||
| Q3 25 | 2.9% | 21.7% | ||
| Q2 25 | -8.6% | 21.5% | ||
| Q1 25 | -9.6% | 16.8% | ||
| Q4 24 | -8.7% | 21.7% | ||
| Q3 24 | -13.8% | 24.3% | ||
| Q2 24 | -19.5% | 19.7% |
| Q1 26 | — | 3.6% | ||
| Q4 25 | 129.7% | 16.3% | ||
| Q3 25 | 7.8% | 14.5% | ||
| Q2 25 | -6.0% | 20.3% | ||
| Q1 25 | -7.2% | 12.9% | ||
| Q4 24 | -5.0% | 16.9% | ||
| Q3 24 | -9.4% | 21.6% | ||
| Q2 24 | -15.4% | 11.6% |
| Q1 26 | — | $1.05 | ||
| Q4 25 | $1.69 | $5.15 | ||
| Q3 25 | $0.10 | $4.65 | ||
| Q2 25 | $-0.07 | $6.12 | ||
| Q1 25 | $-0.12 | $4.05 | ||
| Q4 24 | $-0.07 | $4.65 | ||
| Q3 24 | $-0.14 | $5.71 | ||
| Q2 24 | $-0.26 | $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 | $547.8M | $136.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $320.5M | $93.6B |
| Total Assets | $1.0B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $136.6M | ||
| Q4 25 | $547.8M | — | ||
| Q3 25 | $567.9M | — | ||
| Q2 25 | $597.1M | — | ||
| Q1 25 | $570.8M | — | ||
| Q4 24 | $542.2M | — | ||
| Q3 24 | $599.3M | — | ||
| Q2 24 | $592.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | $484.5M | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M |
| Q1 26 | — | $93.6B | ||
| Q4 25 | $320.5M | $934.0M | ||
| Q3 25 | $180.7M | $918.7M | ||
| Q2 25 | $145.7M | $896.4M | ||
| Q1 25 | $129.8M | $893.7M | ||
| Q4 24 | $111.6M | $897.5M | ||
| Q3 24 | $164.7M | $889.0M | ||
| Q2 24 | $174.0M | $868.7M |
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $4.3B | ||
| Q3 25 | $891.5M | $3.9B | ||
| Q2 25 | $926.8M | $3.7B | ||
| Q1 25 | $927.3M | $3.7B | ||
| Q4 24 | $866.8M | $4.0B | ||
| Q3 24 | $916.0M | $3.6B | ||
| Q2 24 | $924.0M | $3.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | 3.73× | 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 | $24.8M | — |
| Free Cash FlowOCF − Capex | $24.1M | — |
| FCF MarginFCF / Revenue | 19.3% | — |
| Capex IntensityCapex / Revenue | 0.6% | — |
| Cash ConversionOCF / Net Profit | 0.15× | — |
| TTM Free Cash FlowTrailing 4 quarters | $117.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $24.8M | $-67.2M | ||
| Q3 25 | $34.0M | $108.3M | ||
| Q2 25 | $30.7M | $75.8M | ||
| Q1 25 | $31.4M | $-3.8M | ||
| Q4 24 | $22.1M | $1.8M | ||
| Q3 24 | $35.8M | $69.1M | ||
| Q2 24 | $28.6M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $24.1M | $-74.1M | ||
| Q3 25 | $33.1M | $106.9M | ||
| Q2 25 | $30.2M | $74.2M | ||
| Q1 25 | $30.3M | $-6.8M | ||
| Q4 24 | $21.5M | $-3.8M | ||
| Q3 24 | $35.1M | $68.7M | ||
| Q2 24 | $28.2M | $68.6M |
| Q1 26 | — | — | ||
| Q4 25 | 19.3% | -35.6% | ||
| Q3 25 | 26.8% | 49.4% | ||
| Q2 25 | 25.2% | 35.2% | ||
| Q1 25 | 24.9% | -3.1% | ||
| Q4 24 | 18.1% | -1.6% | ||
| Q3 24 | 30.3% | 30.3% | ||
| Q2 24 | 25.4% | 30.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 3.3% | ||
| Q3 25 | 0.7% | 0.7% | ||
| Q2 25 | 0.4% | 0.7% | ||
| Q1 25 | 0.9% | 1.4% | ||
| Q4 24 | 0.5% | 2.4% | ||
| Q3 24 | 0.5% | 0.2% | ||
| Q2 24 | 0.4% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.15× | -1.99× | ||
| Q3 25 | 3.55× | 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
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
