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Side-by-side financial comparison of LiveRamp Holdings, Inc. (RAMP) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.

LiveRamp Holdings, Inc. is the larger business by last-quarter revenue ($212.2M vs $208.0M, roughly 1.0× VIRTUS INVESTMENT PARTNERS, INC.). LiveRamp Holdings, Inc. runs the higher net margin — 18.8% vs 16.3%, a 2.5% gap on every dollar of revenue. On growth, LiveRamp Holdings, Inc. posted the faster year-over-year revenue change (8.6% vs -10.9%). Over the past eight quarters, LiveRamp Holdings, Inc.'s revenue compounded faster (11.1% CAGR vs -3.2%).

LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.

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.

RAMP vs VRTS — Head-to-Head

Bigger by revenue
RAMP
RAMP
1.0× larger
RAMP
$212.2M
$208.0M
VRTS
Growing faster (revenue YoY)
RAMP
RAMP
+19.5% gap
RAMP
8.6%
-10.9%
VRTS
Higher net margin
RAMP
RAMP
2.5% more per $
RAMP
18.8%
16.3%
VRTS
Faster 2-yr revenue CAGR
RAMP
RAMP
Annualised
RAMP
11.1%
-3.2%
VRTS

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
RAMP
RAMP
VRTS
VRTS
Revenue
$212.2M
$208.0M
Net Profit
$39.9M
$33.9M
Gross Margin
71.9%
Operating Margin
18.6%
19.1%
Net Margin
18.8%
16.3%
Revenue YoY
8.6%
-10.9%
Net Profit YoY
255.7%
-14.2%
EPS (diluted)
$0.62
$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.

Revenue
RAMP
RAMP
VRTS
VRTS
Q4 25
$212.2M
$208.0M
Q3 25
$199.8M
$216.4M
Q2 25
$194.8M
$210.5M
Q1 25
$188.7M
$217.9M
Q4 24
$195.4M
$233.5M
Q3 24
$185.5M
$227.0M
Q2 24
$176.0M
$224.4M
Q1 24
$171.9M
$222.0M
Net Profit
RAMP
RAMP
VRTS
VRTS
Q4 25
$39.9M
$33.9M
Q3 25
$27.4M
$31.3M
Q2 25
$7.7M
$42.7M
Q1 25
$-6.3M
$28.1M
Q4 24
$11.2M
$39.5M
Q3 24
$1.7M
$49.1M
Q2 24
$-7.5M
$26.0M
Q1 24
$-5.4M
$37.9M
Gross Margin
RAMP
RAMP
VRTS
VRTS
Q4 25
71.9%
Q3 25
70.2%
Q2 25
70.1%
Q1 25
69.3%
Q4 24
71.9%
Q3 24
72.4%
Q2 24
70.6%
Q1 24
72.2%
Operating Margin
RAMP
RAMP
VRTS
VRTS
Q4 25
18.6%
19.1%
Q3 25
10.7%
21.7%
Q2 25
3.7%
21.5%
Q1 25
-6.1%
16.8%
Q4 24
7.5%
21.7%
Q3 24
4.0%
24.3%
Q2 24
-3.0%
19.7%
Q1 24
-8.3%
14.5%
Net Margin
RAMP
RAMP
VRTS
VRTS
Q4 25
18.8%
16.3%
Q3 25
13.7%
14.5%
Q2 25
4.0%
20.3%
Q1 25
-3.3%
12.9%
Q4 24
5.7%
16.9%
Q3 24
0.9%
21.6%
Q2 24
-4.3%
11.6%
Q1 24
-3.1%
17.1%
EPS (diluted)
RAMP
RAMP
VRTS
VRTS
Q4 25
$0.62
$5.15
Q3 25
$0.42
$4.65
Q2 25
$0.12
$6.12
Q1 25
$-0.10
$4.05
Q4 24
$0.17
$4.65
Q3 24
$0.03
$5.71
Q2 24
$-0.11
$2.43
Q1 24
$-0.09
$4.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
RAMP
RAMP
VRTS
VRTS
Cash + ST InvestmentsLiquidity on hand
$403.4M
Total DebtLower is stronger
$390.0M
Stockholders' EquityBook value
$962.3M
$934.0M
Total Assets
$1.3B
$4.3B
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RAMP
RAMP
VRTS
VRTS
Q4 25
$403.4M
Q3 25
$376.9M
Q2 25
$371.1M
Q1 25
$420.8M
Q4 24
$384.3M
Q3 24
$348.4M
Q2 24
$342.7M
Q1 24
$368.9M
Total Debt
RAMP
RAMP
VRTS
VRTS
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 24
$253.0M
Stockholders' Equity
RAMP
RAMP
VRTS
VRTS
Q4 25
$962.3M
$934.0M
Q3 25
$943.8M
$918.7M
Q2 25
$947.8M
$896.4M
Q1 25
$948.9M
$893.7M
Q4 24
$957.7M
$897.5M
Q3 24
$932.1M
$889.0M
Q2 24
$951.9M
$868.7M
Q1 24
$949.1M
$871.7M
Total Assets
RAMP
RAMP
VRTS
VRTS
Q4 25
$1.3B
$4.3B
Q3 25
$1.2B
$3.9B
Q2 25
$1.2B
$3.7B
Q1 25
$1.3B
$3.7B
Q4 24
$1.3B
$4.0B
Q3 24
$1.2B
$3.6B
Q2 24
$1.2B
$3.6B
Q1 24
$1.2B
$3.5B
Debt / Equity
RAMP
RAMP
VRTS
VRTS
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×
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
RAMP
RAMP
VRTS
VRTS
Operating Cash FlowLast quarter
$-67.2M
Free Cash FlowOCF − Capex
$-74.1M
FCF MarginFCF / Revenue
-35.6%
Capex IntensityCapex / Revenue
0.1%
3.3%
Cash ConversionOCF / Net Profit
-1.99×
TTM Free Cash FlowTrailing 4 quarters
$100.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RAMP
RAMP
VRTS
VRTS
Q4 25
$-67.2M
Q3 25
$57.4M
$108.3M
Q2 25
$-15.8M
$75.8M
Q1 25
$-3.8M
Q4 24
$45.1M
$1.8M
Q3 24
$55.6M
$69.1M
Q2 24
$-9.3M
$70.0M
Q1 24
$-34.5M
Free Cash Flow
RAMP
RAMP
VRTS
VRTS
Q4 25
$-74.1M
Q3 25
$56.8M
$106.9M
Q2 25
$-16.2M
$74.2M
Q1 25
$-6.8M
Q4 24
$44.8M
$-3.8M
Q3 24
$55.4M
$68.7M
Q2 24
$-9.6M
$68.6M
Q1 24
$-36.5M
FCF Margin
RAMP
RAMP
VRTS
VRTS
Q4 25
-35.6%
Q3 25
28.4%
49.4%
Q2 25
-8.3%
35.2%
Q1 25
-3.1%
Q4 24
22.9%
-1.6%
Q3 24
29.8%
30.3%
Q2 24
-5.4%
30.6%
Q1 24
-16.4%
Capex Intensity
RAMP
RAMP
VRTS
VRTS
Q4 25
0.1%
3.3%
Q3 25
0.3%
0.7%
Q2 25
0.2%
0.7%
Q1 25
0.2%
1.4%
Q4 24
0.1%
2.4%
Q3 24
0.1%
0.2%
Q2 24
0.1%
0.6%
Q1 24
1.0%
0.9%
Cash Conversion
RAMP
RAMP
VRTS
VRTS
Q4 25
-1.99×
Q3 25
2.09×
3.45×
Q2 25
-2.04×
1.77×
Q1 25
-0.13×
Q4 24
4.02×
0.04×
Q3 24
32.10×
1.41×
Q2 24
2.69×
Q1 24
-0.91×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

RAMP
RAMP

Segment breakdown not available.

VRTS
VRTS

Open End Funds$68.9M33%
Retail Separate Accounts$51.3M25%
Institutional Accounts$39.6M19%
Administration And Shareholder Service Fees$18.4M9%
Closed End Funds$15.9M8%
Distribution And Service Fees$12.3M6%

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