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Side-by-side financial comparison of BRAND HOUSE COLLECTIVE, INC. (TBHC) 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 $103.5M, roughly 1.9× BRAND HOUSE COLLECTIVE, INC.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 3.6% vs -3.6%, a 7.1% gap on every dollar of revenue. On growth, VIRTUS INVESTMENT PARTNERS, INC. posted the faster year-over-year revenue change (-4.1% vs -9.6%). Over the past eight quarters, VIRTUS INVESTMENT PARTNERS, INC.'s revenue compounded faster (-5.7% CAGR vs -21.0%).
Soho House is an international private members’ club with a focus on the media, arts and fashion industries.
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.
TBHC vs VRTS — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $103.5M | $199.5M |
| Net Profit | $-3.7M | $7.1M |
| Gross Margin | 20.4% | — |
| Operating Margin | -1.9% | 7.7% |
| Net Margin | -3.6% | 3.6% |
| Revenue YoY | -9.6% | -4.1% |
| Net Profit YoY | 51.8% | -78.1% |
| EPS (diluted) | $-0.16 | $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 | $103.5M | $208.0M | ||
| Q3 25 | $75.8M | $216.4M | ||
| Q2 25 | $81.5M | $210.5M | ||
| Q1 25 | $148.9M | $217.9M | ||
| Q4 24 | $114.4M | $233.5M | ||
| Q3 24 | $86.3M | $227.0M | ||
| Q2 24 | $91.8M | $224.4M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $-3.7M | $33.9M | ||
| Q3 25 | $-20.2M | $31.3M | ||
| Q2 25 | $-11.8M | $42.7M | ||
| Q1 25 | $7.9M | $28.1M | ||
| Q4 24 | $-7.7M | $39.5M | ||
| Q3 24 | $-14.5M | $49.1M | ||
| Q2 24 | $-8.8M | $26.0M |
| Q1 26 | — | — | ||
| Q4 25 | 20.4% | — | ||
| Q3 25 | 16.3% | — | ||
| Q2 25 | 24.9% | — | ||
| Q1 25 | 30.3% | — | ||
| Q4 24 | 28.1% | — | ||
| Q3 24 | 20.5% | — | ||
| Q2 24 | 29.5% | — |
| Q1 26 | — | 7.7% | ||
| Q4 25 | -1.9% | 19.1% | ||
| Q3 25 | -24.7% | 21.7% | ||
| Q2 25 | -12.9% | 21.5% | ||
| Q1 25 | 6.2% | 16.8% | ||
| Q4 24 | -2.1% | 21.7% | ||
| Q3 24 | -15.4% | 24.3% | ||
| Q2 24 | -8.2% | 19.7% |
| Q1 26 | — | 3.6% | ||
| Q4 25 | -3.6% | 16.3% | ||
| Q3 25 | -26.6% | 14.5% | ||
| Q2 25 | -14.5% | 20.3% | ||
| Q1 25 | 5.3% | 12.9% | ||
| Q4 24 | -6.7% | 16.9% | ||
| Q3 24 | -16.8% | 21.6% | ||
| Q2 24 | -9.6% | 11.6% |
| Q1 26 | — | $1.05 | ||
| Q4 25 | $-0.16 | $5.15 | ||
| Q3 25 | $-0.90 | $4.65 | ||
| Q2 25 | $-0.54 | $6.12 | ||
| Q1 25 | $0.61 | $4.05 | ||
| Q4 24 | $-0.59 | $4.65 | ||
| Q3 24 | $-1.11 | $5.71 | ||
| Q2 24 | $-0.68 | $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 | $6.5M | $136.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-44.0M | $93.6B |
| Total Assets | $229.2M | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $136.6M | ||
| Q4 25 | $6.5M | — | ||
| Q3 25 | $3.6M | — | ||
| Q2 25 | $3.5M | — | ||
| Q1 25 | $3.8M | — | ||
| Q4 24 | $6.8M | — | ||
| Q3 24 | $4.5M | — | ||
| Q2 24 | $3.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | $64.0M | $231.7M | ||
| Q4 24 | $85.8M | $232.1M | ||
| Q3 24 | $61.4M | $237.5M | ||
| Q2 24 | $47.5M | $247.6M |
| Q1 26 | — | $93.6B | ||
| Q4 25 | $-44.0M | $934.0M | ||
| Q3 25 | $-35.2M | $918.7M | ||
| Q2 25 | $-16.2M | $896.4M | ||
| Q1 25 | $-19.0M | $893.7M | ||
| Q4 24 | $-27.1M | $897.5M | ||
| Q3 24 | $-19.7M | $889.0M | ||
| Q2 24 | $-5.5M | $868.7M |
| Q1 26 | — | — | ||
| Q4 25 | $229.2M | $4.3B | ||
| Q3 25 | $221.9M | $3.9B | ||
| Q2 25 | $225.4M | $3.7B | ||
| Q1 25 | $242.2M | $3.7B | ||
| Q4 24 | $279.8M | $4.0B | ||
| Q3 24 | $266.2M | $3.6B | ||
| Q2 24 | $242.6M | $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 | $-25.9M | — |
| Free Cash FlowOCF − Capex | $-26.8M | — |
| FCF MarginFCF / Revenue | -25.9% | — |
| Capex IntensityCapex / Revenue | 0.9% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-18.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-25.9M | $-67.2M | ||
| Q3 25 | $-7.0M | $108.3M | ||
| Q2 25 | $-3.1M | $75.8M | ||
| Q1 25 | $19.8M | $-3.8M | ||
| Q4 24 | $-12.6M | $1.8M | ||
| Q3 24 | $-12.7M | $69.1M | ||
| Q2 24 | $-13.7M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-26.8M | $-74.1M | ||
| Q3 25 | $-7.4M | $106.9M | ||
| Q2 25 | $-3.6M | $74.2M | ||
| Q1 25 | $19.0M | $-6.8M | ||
| Q4 24 | $-13.1M | $-3.8M | ||
| Q3 24 | $-13.2M | $68.7M | ||
| Q2 24 | $-14.4M | $68.6M |
| Q1 26 | — | — | ||
| Q4 25 | -25.9% | -35.6% | ||
| Q3 25 | -9.8% | 49.4% | ||
| Q2 25 | -4.5% | 35.2% | ||
| Q1 25 | 12.8% | -3.1% | ||
| Q4 24 | -11.5% | -1.6% | ||
| Q3 24 | -15.2% | 30.3% | ||
| Q2 24 | -15.7% | 30.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | 3.3% | ||
| Q3 25 | 0.6% | 0.7% | ||
| Q2 25 | 0.7% | 0.7% | ||
| Q1 25 | 0.5% | 1.4% | ||
| Q4 24 | 0.4% | 2.4% | ||
| Q3 24 | 0.5% | 0.2% | ||
| Q2 24 | 0.8% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | -1.99× | ||
| Q3 25 | — | 3.45× | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | 2.51× | -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
TBHC
Segment breakdown not available.
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
