$121.06

+2.12 (+1.78%)

After Hours: $121.37 (+0.31, +0.26%)

Weekly Expected Move ±4.0%

$110 $115 $119 $124 $129

NYSE · Financial Services · Asset Management · Tech Score Strong Sell · Power 27 · $787.7M mcap · 6M float · 2.23% daily turnover · Short 51% of daily vol

Credit Risk of going bust: not rated, financial company (lending is its business) Bonds: none of note held by US funds details ▾

Not rated: lending and leverage are a financial company's business, which the model misreads.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Revenue Segmentation

By Product / Service

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$831M -8.0% ▼

5Y CAGR: +6.6%

Gross Profit

$622M +32.3% ▲

5Y CAGR: +13.1%

Operating Income

$145M -20.6% ▼

5Y CAGR: +0.1%

Net Income

$138M +13.7% ▲

5Y CAGR: +11.6%

EPS (Diluted)

$19.97 +18.2% ▲

5Y CAGR: +14.8%

EBITDA

$409M -11.0% ▼

5Y CAGR: +6.4%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$975M	$882M	$841M	$903M	$831M
YoY Growth	+61.6%	-9.5%	-4.6%	+7.3%	-8.0%
Cost of Revenue	$358M	$371M	$405M	$433M	$209M
Gross Profit	$616M	$510M	$437M	$470M	$622M
Gross Margin	63.2%	57.9%	51.9%	52.1%	74.9%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$141M	$113M	$97M	$171M	$162M
Operating Expenses	$291M	$313M	$285M	$288M	$477M
Operating Income	$325M	$197M	$151M	$182M	$145M
Operating Margin	33.4%	22.4%	18.0%	20.2%	17.4%
Interest Expense	$70M	$93M	$179M	$183M	$162M
Income Before Tax	$354M	$164M	$187M	$208M	$187M
Tax Expense	$91M	$57M	$45M	$55M	$51M
Net Income	$208M	$118M	$131M	$122M	$138M
Net Margin	21.4%	13.3%	15.5%	13.5%	16.7%
EPS (Diluted)	$26.01	$15.50	$17.71	$16.89	$19.97
EBITDA	$474M	$326M	$434M	$460M	$409M
Shares Outstanding	8M	8M	7M	7M	7M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$226M	$232M	$217M	$209M	$215M	$189M	$186M	$167M
Cost of Revenue	$106M	$106M	$109M	$98M	$99M	-$97M	$54M	$54M
Gross Profit	$120M	$126M	$108M	$111M	$116M	$286M	$132M	$113M
Gross Margin	53.3%	54.3%	49.7%	53.2%	54.1%	151.5%	70.9%	67.6%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$24M	$24M	$23M	$22M	$22M	$40M	$0	$75M
Operating Expenses	$65M	$75M	$71M	$66M	$69M	$270M	$127M	$75M
Operating Income	$55M	$51M	$37M	$45M	$47M	$16M	$5M	$38M
Operating Margin	24.5%	21.8%	16.9%	21.6%	21.9%	8.5%	2.8%	22.5%
Interest Expense	$44M	$46M	$39M	$38M	$39M	$47M	$41M	-$55M
Income Before Tax	$65M	$59M	$40M	$55M	$44M	$47M	$13M	$53M
Tax Expense	$16M	$19M	$12M	$12M	$13M	$13M	$7M	$8M
Net Income	$41M	$33M	$29M	$42M	$32M	$35M	$7M	$45M
Net Margin	18.1%	14.3%	13.2%	20.2%	14.8%	18.7%	3.8%	26.7%
EPS (Diluted)	$5.71	$4.66	$4.05	$6.10	$4.65	$5.17	$1.05	$6.67
EBITDA	$125M	$121M	$96M	$109M	$99M	$106M	$71M	$11M
Shares Outstanding	7M	7M	7M	7M	7M	7M	7M	7M

VRTS NYSE