VRTS net income +4.4% to $44.6M as below-the-line items offset 40% operating income drop

Filed August 7, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~2 min read

Key Changes

• high

  Net income to common rose 4.4% to $44.6M and diluted EPS climbed 9.2% to $6.68, but operating income fell 40% to $27.3M—the earnings gain came entirely from below-the-line items, not operations.

  MD&A: Operating Income & Net Income verify on EDGAR →
• high

  Keystone acquisition (March 2026) added $2.3B in private credit AUM and $243.7M goodwill, but drove $307M in new intangibles, $187M net debt increase, $114.7M contingent consideration liability, and $205.3M in redeemable noncontrolling interests.

  Notes: Keystone Acquisition verify on EDGAR →
• high

  Net outflows accelerated to $5.6B in Q2 2026 from $3.9B in Q2 2025 (43% worsening), with retail separate accounts seeing $3.1B in redemptions vs $0.8B a year ago; total AUM fell 10.9% YoY to $152.2B.

  MD&A: AUM & Flows verify on EDGAR →