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Side-by-side financial comparison of VIRTUS INVESTMENT PARTNERS, INC. (VRTS) and WORKIVA INC (WK). Click either name above to swap in a different company.
WORKIVA INC is the larger business by last-quarter revenue ($238.9M vs $199.5M, roughly 1.2× VIRTUS INVESTMENT PARTNERS, INC.). WORKIVA INC runs the higher net margin — 4.9% vs 3.6%, a 1.4% gap on every dollar of revenue. On growth, WORKIVA INC posted the faster year-over-year revenue change (19.5% vs -4.1%). Over the past eight quarters, WORKIVA INC's revenue compounded faster (16.6% CAGR vs -5.7%).
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.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
VRTS vs WK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.5M | $238.9M |
| Net Profit | $7.1M | $11.8M |
| Gross Margin | — | 80.7% |
| Operating Margin | 7.7% | 3.3% |
| Net Margin | 3.6% | 4.9% |
| Revenue YoY | -4.1% | 19.5% |
| Net Profit YoY | -78.1% | 234.0% |
| EPS (diluted) | $1.05 | $0.21 |
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 | $208.0M | $238.9M | ||
| Q3 25 | $216.4M | $224.2M | ||
| Q2 25 | $210.5M | $215.2M | ||
| Q1 25 | $217.9M | $206.3M | ||
| Q4 24 | $233.5M | $199.9M | ||
| Q3 24 | $227.0M | $185.6M | ||
| Q2 24 | $224.4M | $177.5M |
| Q1 26 | $7.1M | — | ||
| Q4 25 | $33.9M | $11.8M | ||
| Q3 25 | $31.3M | $2.8M | ||
| Q2 25 | $42.7M | $-19.4M | ||
| Q1 25 | $28.1M | $-21.4M | ||
| Q4 24 | $39.5M | $-8.8M | ||
| Q3 24 | $49.1M | $-17.0M | ||
| Q2 24 | $26.0M | $-17.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 76.6% | ||
| Q4 24 | — | 77.1% | ||
| Q3 24 | — | 76.5% | ||
| Q2 24 | — | 76.8% |
| Q1 26 | 7.7% | — | ||
| Q4 25 | 19.1% | 3.3% | ||
| Q3 25 | 21.7% | -1.5% | ||
| Q2 25 | 21.5% | -10.3% | ||
| Q1 25 | 16.8% | -12.0% | ||
| Q4 24 | 21.7% | -6.7% | ||
| Q3 24 | 24.3% | -11.7% | ||
| Q2 24 | 19.7% | -13.0% |
| Q1 26 | 3.6% | — | ||
| Q4 25 | 16.3% | 4.9% | ||
| Q3 25 | 14.5% | 1.2% | ||
| Q2 25 | 20.3% | -9.0% | ||
| Q1 25 | 12.9% | -10.4% | ||
| Q4 24 | 16.9% | -4.4% | ||
| Q3 24 | 21.6% | -9.2% | ||
| Q2 24 | 11.6% | -9.9% |
| Q1 26 | $1.05 | — | ||
| Q4 25 | $5.15 | $0.21 | ||
| Q3 25 | $4.65 | $0.05 | ||
| Q2 25 | $6.12 | $-0.35 | ||
| Q1 25 | $4.05 | $-0.38 | ||
| Q4 24 | $4.65 | $-0.15 | ||
| Q3 24 | $5.71 | $-0.31 | ||
| Q2 24 | $2.43 | $-0.32 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $136.6M | $338.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $93.6B | $-5.4M |
| Total Assets | — | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $136.6M | — | ||
| Q4 25 | — | $338.8M | ||
| Q3 25 | — | $315.9M | ||
| Q2 25 | — | $284.3M | ||
| Q1 25 | — | $242.0M | ||
| Q4 24 | — | $301.8M | ||
| Q3 24 | — | $248.2M | ||
| Q2 24 | — | $267.9M |
| Q1 26 | — | — | ||
| 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 26 | $93.6B | — | ||
| Q4 25 | $934.0M | $-5.4M | ||
| Q3 25 | $918.7M | $-36.9M | ||
| Q2 25 | $896.4M | $-66.5M | ||
| Q1 25 | $893.7M | $-75.7M | ||
| Q4 24 | $897.5M | $-41.7M | ||
| Q3 24 | $889.0M | $-50.8M | ||
| Q2 24 | $868.7M | $-77.7M |
| Q1 26 | — | — | ||
| Q4 25 | $4.3B | $1.5B | ||
| Q3 25 | $3.9B | $1.4B | ||
| Q2 25 | $3.7B | $1.3B | ||
| Q1 25 | $3.7B | $1.3B | ||
| Q4 24 | $4.0B | $1.4B | ||
| Q3 24 | $3.6B | $1.3B | ||
| Q2 24 | $3.6B | $1.2B |
| 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 | — | $51.0M |
| Free Cash FlowOCF − Capex | — | $50.7M |
| FCF MarginFCF / Revenue | — | 21.2% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | 4.31× |
| TTM Free Cash FlowTrailing 4 quarters | — | $138.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-67.2M | $51.0M | ||
| Q3 25 | $108.3M | $46.2M | ||
| Q2 25 | $75.8M | $50.3M | ||
| Q1 25 | $-3.8M | $-7.4M | ||
| Q4 24 | $1.8M | $44.0M | ||
| Q3 24 | $69.1M | $18.9M | ||
| Q2 24 | $70.0M | $-14.0K |
| Q1 26 | — | — | ||
| Q4 25 | $-74.1M | $50.7M | ||
| Q3 25 | $106.9M | $46.1M | ||
| Q2 25 | $74.2M | $49.3M | ||
| Q1 25 | $-6.8M | $-8.1M | ||
| Q4 24 | $-3.8M | $43.2M | ||
| Q3 24 | $68.7M | $18.7M | ||
| Q2 24 | $68.6M | $-122.0K |
| Q1 26 | — | — | ||
| Q4 25 | -35.6% | 21.2% | ||
| Q3 25 | 49.4% | 20.5% | ||
| Q2 25 | 35.2% | 22.9% | ||
| Q1 25 | -3.1% | -3.9% | ||
| Q4 24 | -1.6% | 21.6% | ||
| Q3 24 | 30.3% | 10.1% | ||
| Q2 24 | 30.6% | -0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.3% | 0.1% | ||
| Q3 25 | 0.7% | 0.0% | ||
| Q2 25 | 0.7% | 0.5% | ||
| Q1 25 | 1.4% | 0.4% | ||
| Q4 24 | 2.4% | 0.4% | ||
| Q3 24 | 0.2% | 0.1% | ||
| Q2 24 | 0.6% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | -1.99× | 4.31× | ||
| Q3 25 | 3.45× | 16.57× | ||
| 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
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
WK
| License And Service | $219.3M | 92% |
| XBRL Professional Services | $16.4M | 7% |
| Other Services | $3.2M | 1% |
