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Side-by-side financial comparison of Purple Innovation, Inc. (PRPL) 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 ($208.0M vs $140.7M, roughly 1.5× Purple Innovation, Inc.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 16.3% vs -2.3%, a 18.6% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs -10.9%). Purple Innovation, Inc. produced more free cash flow last quarter ($-7.8M vs $-74.1M). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% CAGR vs -3.2%).
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
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.
PRPL vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $140.7M | $208.0M |
| Net Profit | $-3.2M | $33.9M |
| Gross Margin | 41.9% | — |
| Operating Margin | -1.6% | 19.1% |
| Net Margin | -2.3% | 16.3% |
| Revenue YoY | 9.1% | -10.9% |
| Net Profit YoY | 62.1% | -14.2% |
| EPS (diluted) | $0.03 | $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.
| Q4 25 | $140.7M | $208.0M | ||
| Q3 25 | $118.8M | $216.4M | ||
| Q2 25 | $105.1M | $210.5M | ||
| Q1 25 | $104.2M | $217.9M | ||
| Q4 24 | $129.0M | $233.5M | ||
| Q3 24 | $118.6M | $227.0M | ||
| Q2 24 | $120.3M | $224.4M | ||
| Q1 24 | $120.0M | $222.0M |
| Q4 25 | $-3.2M | $33.9M | ||
| Q3 25 | $-11.7M | $31.3M | ||
| Q2 25 | $-17.3M | $42.7M | ||
| Q1 25 | $-19.1M | $28.1M | ||
| Q4 24 | $-8.5M | $39.5M | ||
| Q3 24 | $-39.2M | $49.1M | ||
| Q2 24 | $27.0K | $26.0M | ||
| Q1 24 | $-50.2M | $37.9M |
| Q4 25 | 41.9% | — | ||
| Q3 25 | 42.8% | — | ||
| Q2 25 | 35.9% | — | ||
| Q1 25 | 39.4% | — | ||
| Q4 24 | 42.9% | — | ||
| Q3 24 | 29.7% | — | ||
| Q2 24 | 40.7% | — | ||
| Q1 24 | 34.8% | — |
| Q4 25 | -1.6% | 19.1% | ||
| Q3 25 | -10.2% | 21.7% | ||
| Q2 25 | -13.5% | 21.5% | ||
| Q1 25 | -13.9% | 16.8% | ||
| Q4 24 | -6.0% | 21.7% | ||
| Q3 24 | -39.5% | 24.3% | ||
| Q2 24 | -12.1% | 19.7% | ||
| Q1 24 | -19.3% | 14.5% |
| Q4 25 | -2.3% | 16.3% | ||
| Q3 25 | -9.9% | 14.5% | ||
| Q2 25 | -16.5% | 20.3% | ||
| Q1 25 | -18.4% | 12.9% | ||
| Q4 24 | -6.6% | 16.9% | ||
| Q3 24 | -33.1% | 21.6% | ||
| Q2 24 | 0.0% | 11.6% | ||
| Q1 24 | -41.8% | 17.1% |
| Q4 25 | $0.03 | $5.15 | ||
| Q3 25 | $0.11 | $4.65 | ||
| Q2 25 | $0.16 | $6.12 | ||
| Q1 25 | $0.18 | $4.05 | ||
| Q4 24 | $0.08 | $4.65 | ||
| Q3 24 | $0.36 | $5.71 | ||
| Q2 24 | $0.00 | $2.43 | ||
| Q1 24 | $0.47 | $4.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $24.3M | — |
| Total DebtLower is stronger | $126.7M | $390.0M |
| Stockholders' EquityBook value | $-29.7M | $934.0M |
| Total Assets | $296.3M | $4.3B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.3M | — | ||
| Q3 25 | $32.4M | — | ||
| Q2 25 | $34.2M | — | ||
| Q1 25 | $21.6M | — | ||
| Q4 24 | $29.0M | — | ||
| Q3 24 | $23.4M | — | ||
| Q2 24 | $23.4M | — | ||
| Q1 24 | $34.5M | — |
| Q4 25 | $126.7M | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | $70.7M | $232.1M | ||
| Q3 24 | $50.8M | $237.5M | ||
| Q2 24 | — | $247.6M | ||
| Q1 24 | — | $253.0M |
| Q4 25 | $-29.7M | $934.0M | ||
| Q3 25 | $-26.9M | $918.7M | ||
| Q2 25 | $-15.6M | $896.4M | ||
| Q1 25 | $1.3M | $893.7M | ||
| Q4 24 | $20.2M | $897.5M | ||
| Q3 24 | $28.0M | $889.0M | ||
| Q2 24 | $66.4M | $868.7M | ||
| Q1 24 | $65.5M | $871.7M |
| Q4 25 | $296.3M | $4.3B | ||
| Q3 25 | $302.1M | $3.9B | ||
| Q2 25 | $303.8M | $3.7B | ||
| Q1 25 | $293.8M | $3.7B | ||
| Q4 24 | $307.8M | $4.0B | ||
| Q3 24 | $309.3M | $3.6B | ||
| Q2 24 | $362.1M | $3.6B | ||
| Q1 24 | $382.1M | $3.5B |
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | 3.50× | 0.26× | ||
| Q3 24 | 1.82× | 0.27× | ||
| Q2 24 | — | 0.29× | ||
| Q1 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 | $-5.8M | $-67.2M |
| Free Cash FlowOCF − Capex | $-7.8M | $-74.1M |
| FCF MarginFCF / Revenue | -5.5% | -35.6% |
| Capex IntensityCapex / Revenue | 1.4% | 3.3% |
| Cash ConversionOCF / Net Profit | — | -1.99× |
| TTM Free Cash FlowTrailing 4 quarters | $-41.9M | $100.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-5.8M | $-67.2M | ||
| Q3 25 | $-968.0K | $108.3M | ||
| Q2 25 | $-4.0M | $75.8M | ||
| Q1 25 | $-23.1M | $-3.8M | ||
| Q4 24 | $6.8M | $1.8M | ||
| Q3 24 | $1.1M | $69.1M | ||
| Q2 24 | $-8.9M | $70.0M | ||
| Q1 24 | $-16.8M | $-34.5M |
| Q4 25 | $-7.8M | $-74.1M | ||
| Q3 25 | $-1.8M | $106.9M | ||
| Q2 25 | $-7.0M | $74.2M | ||
| Q1 25 | $-25.3M | $-6.8M | ||
| Q4 24 | $5.7M | $-3.8M | ||
| Q3 24 | $101.0K | $68.7M | ||
| Q2 24 | $-11.0M | $68.6M | ||
| Q1 24 | $-19.9M | $-36.5M |
| Q4 25 | -5.5% | -35.6% | ||
| Q3 25 | -1.5% | 49.4% | ||
| Q2 25 | -6.6% | 35.2% | ||
| Q1 25 | -24.3% | -3.1% | ||
| Q4 24 | 4.4% | -1.6% | ||
| Q3 24 | 0.1% | 30.3% | ||
| Q2 24 | -9.2% | 30.6% | ||
| Q1 24 | -16.5% | -16.4% |
| Q4 25 | 1.4% | 3.3% | ||
| Q3 25 | 0.7% | 0.7% | ||
| Q2 25 | 2.8% | 0.7% | ||
| Q1 25 | 2.2% | 1.4% | ||
| Q4 24 | 0.8% | 2.4% | ||
| Q3 24 | 0.9% | 0.2% | ||
| Q2 24 | 1.7% | 0.6% | ||
| Q1 24 | 2.5% | 0.9% |
| 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 | -330.22× | 2.69× | ||
| Q1 24 | — | -0.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
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% |
