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Side-by-side financial comparison of BRC Group Holdings, Inc. (RILY) 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 $188.3M, roughly 1.1× BRC Group Holdings, Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs 16.3%, a 31.7% gap on every dollar of revenue. On growth, VIRTUS INVESTMENT PARTNERS, INC. posted the faster year-over-year revenue change (-10.9% vs -21.9%). Over the past eight quarters, VIRTUS INVESTMENT PARTNERS, INC.'s revenue compounded faster (-3.2% CAGR vs -15.4%).
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.
RILY vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $188.3M | $208.0M |
| Net Profit | $90.3M | $33.9M |
| Gross Margin | 79.5% | — |
| Operating Margin | 32.3% | 19.1% |
| Net Margin | 47.9% | 16.3% |
| Revenue YoY | -21.9% | -10.9% |
| Net Profit YoY | 1710.8% | -14.2% |
| EPS (diluted) | $2.78 | $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 | $188.3M | $208.0M | ||
| Q3 25 | $215.3M | $216.4M | ||
| Q2 25 | $188.2M | $210.5M | ||
| Q1 25 | $197.2M | $217.9M | ||
| Q4 24 | $241.0M | $233.5M | ||
| Q3 24 | $225.5M | $227.0M | ||
| Q2 24 | $256.0M | $224.4M | ||
| Q1 24 | $263.4M | $222.0M |
| Q4 25 | $90.3M | $33.9M | ||
| Q3 25 | $91.1M | $31.3M | ||
| Q2 25 | $139.5M | $42.7M | ||
| Q1 25 | $-10.0M | $28.1M | ||
| Q4 24 | $-5.6M | $39.5M | ||
| Q3 24 | $-284.4M | $49.1M | ||
| Q2 24 | $-433.6M | $26.0M | ||
| Q1 24 | $-49.2M | $37.9M |
| Q4 25 | 79.5% | — | ||
| Q3 25 | 83.7% | — | ||
| Q2 25 | 81.3% | — | ||
| Q1 25 | 81.4% | — | ||
| Q4 24 | 79.8% | — | ||
| Q3 24 | 82.1% | — | ||
| Q2 24 | 84.5% | — | ||
| Q1 24 | 85.3% | — |
| Q4 25 | 32.3% | 19.1% | ||
| Q3 25 | 30.4% | 21.7% | ||
| Q2 25 | 5.7% | 21.5% | ||
| Q1 25 | -31.2% | 16.8% | ||
| Q4 24 | -69.2% | 21.7% | ||
| Q3 24 | -36.4% | 24.3% | ||
| Q2 24 | -90.8% | 19.7% | ||
| Q1 24 | -6.1% | 14.5% |
| Q4 25 | 47.9% | 16.3% | ||
| Q3 25 | 42.3% | 14.5% | ||
| Q2 25 | 74.1% | 20.3% | ||
| Q1 25 | -5.1% | 12.9% | ||
| Q4 24 | -2.3% | 16.9% | ||
| Q3 24 | -126.1% | 21.6% | ||
| Q2 24 | -169.4% | 11.6% | ||
| Q1 24 | -18.7% | 17.1% |
| Q4 25 | $2.78 | $5.15 | ||
| Q3 25 | $2.91 | $4.65 | ||
| Q2 25 | $4.50 | $6.12 | ||
| Q1 25 | $-0.39 | $4.05 | ||
| Q4 24 | $-0.01 | $4.65 | ||
| Q3 24 | $-9.39 | $5.71 | ||
| Q2 24 | $-14.35 | $2.43 | ||
| Q1 24 | $-1.71 | $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 | $226.6M | — |
| Total DebtLower is stronger | $1.4B | $390.0M |
| Stockholders' EquityBook value | $-171.5M | $934.0M |
| Total Assets | $1.7B | $4.3B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $226.6M | — | ||
| Q3 25 | $184.2M | — | ||
| Q2 25 | $267.4M | — | ||
| Q1 25 | $138.3M | — | ||
| Q4 24 | $146.9M | — | ||
| Q3 24 | $159.2M | — | ||
| Q2 24 | $236.9M | — | ||
| Q1 24 | $190.7M | — |
| Q4 25 | $1.4B | $390.0M | ||
| Q3 25 | $1.3B | $390.6M | ||
| Q2 25 | $1.3B | $231.3M | ||
| Q1 25 | $1.4B | $231.7M | ||
| Q4 24 | $1.5B | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M | ||
| Q1 24 | — | $253.0M |
| Q4 25 | $-171.5M | $934.0M | ||
| Q3 25 | $-260.5M | $918.7M | ||
| Q2 25 | $-351.7M | $896.4M | ||
| Q1 25 | $-496.8M | $893.7M | ||
| Q4 24 | $-488.2M | $897.5M | ||
| Q3 24 | $-497.6M | $889.0M | ||
| Q2 24 | $-218.3M | $868.7M | ||
| Q1 24 | $228.4M | $871.7M |
| Q4 25 | $1.7B | $4.3B | ||
| Q3 25 | $1.7B | $3.9B | ||
| Q2 25 | $1.5B | $3.7B | ||
| Q1 25 | $1.5B | $3.7B | ||
| Q4 24 | $1.8B | $4.0B | ||
| Q3 24 | $2.2B | $3.6B | ||
| Q2 24 | $3.2B | $3.6B | ||
| Q1 24 | $5.0B | $3.5B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $26.2M | $-67.2M |
| Free Cash FlowOCF − Capex | — | $-74.1M |
| FCF MarginFCF / Revenue | — | -35.6% |
| Capex IntensityCapex / Revenue | — | 3.3% |
| Cash ConversionOCF / Net Profit | 0.29× | -1.99× |
| TTM Free Cash FlowTrailing 4 quarters | — | $100.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.2M | $-67.2M | ||
| Q3 25 | $-60.6M | $108.3M | ||
| Q2 25 | $-25.6M | $75.8M | ||
| Q1 25 | $184.0K | $-3.8M | ||
| Q4 24 | $-2.7M | $1.8M | ||
| Q3 24 | $19.5M | $69.1M | ||
| Q2 24 | $111.5M | $70.0M | ||
| Q1 24 | $135.4M | $-34.5M |
| 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 24 | — | $-36.5M |
| 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 24 | — | -16.4% |
| 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 24 | — | 0.9% |
| Q4 25 | 0.29× | -1.99× | ||
| Q3 25 | -0.66× | 3.45× | ||
| Q2 25 | -0.18× | 1.77× | ||
| Q1 25 | — | -0.13× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 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
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
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% |
