Victory Capital Holdings, Inc. · Investment Advice

VCTR

Low riskNext report: Around Nov 5 (est.)

View price ↗

The short version

A high-quality, profitable business with growing sales.

Going well

Sales up 24% in the latest quarter vs a year ago
Profitable, keeps 25% of sales as profit
Sales up 46% last year

Money moves

No insider buying or selling in the last 30 days
Institutions cut 6.8% from their holdings in the quarter ending June 2026 (181 bought, 150 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$109.02+1.4% that day

Company value: $9.2B; Share price times all shares
Price vs profit (P/E): 19.9x; You pay about $20 for each $1 of yearly profit
Price vs sales: 5.9x; Company value is 5.9 times a year of sales
Dividend yield: 1.8%; Yearly dividend as a share of today's price
Cash vs value: 1%; Cash as a share of company value
Debt vs value: 11%; Debt as a share of company value

From VCTR's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$435.4M+24% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $1.6B, up 52% from the 12 months before. Over 5 years, sales grew about 11% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of VCTR. Starting points are the company's recent numbers.

Sales growth+30% a yearRecently: +52% a yearProfit margin30%Last 12 months: 29.6%P/E at the end20xToday: 19.9x. Many steady companies trade at 12x to 25xShare count change-3% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$5.8B

Profit in 5 years$1.7B

Price these guesses point to$479.89+340% vs $109.02 todayAbout +35% a year, before dividends

What today's price needs: with a 30% margin and a 20x P/E, sales could shrink about 3.3% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

5/6Strong

PassReturn on equity 15%+Earns a lot on the money owners have in the business.18.6%
PassDebt under half of equityNot relying on borrowed money.0.40x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.25.3%
MissProfitable every yearSteady profits, not one good year.9 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$381.3M
PassShare count not growingNot diluting owners. Falling means buybacks.-8.2% in 3 years

Revenue: $1.3B; +46.2% vs prior year
5-year growth: +11.0%/yr; revenue, per year
Total debt: $970.0M; 0.40x equity
Free cash flow: $381.3M; 29.2% of revenue

From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 5

Revenue: $435.4M; +24.0% YoY
EPS: $1.68; vs $0.68
Op. margin: 44.5%; +17.7 pts
Free cash flow: $134.2M
Share count: -7.6%; vs a year ago

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 2.5
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Steady-6.8%

Institutions cut 6.8% from their holdings. 181 bought, 150 sold.

Shares held by institutions48.8M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

-2.2%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

0.4x · $968.0M debt

Shares outstandingLatest reported

62M

Why low risk

1 offering filing in 6 months (may sell new shares)

Earnings reports

Last 12

Next reportAround Nov 5 (est.)Estimated from the same quarter last year

Results filedAug 5
Results filedMay 6
Results filedFeb 4
Results filedNov 6, 2025
Results filedAug 7, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

Major agreementAug 31 · View filing ↗Offering 5%+ holder update (passive)Aug 14 · View filing ↗Big holder

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

DEFM14AOct 16 · Form DEFM14A ↗

Stock awardCrestview Partners II GP, L.P.Director

259 shares at $110.95 · $29K

+0% of holdings
Now owns 1,996,417 shares
Held See Footnotes
Filed 2 days after trade
Joint filing with 3 others

Oct 12Form 4 ↗

Stock awardKarin Hirtler-garveyDirector

259 shares at $110.95 · $29K

+1% of holdings
Now owns 42,119 shares
Filed 2 days after trade

Oct 12Form 4 ↗

Stock awardAlan RappaportDirector

597 shares at $110.95 · $66K

+0% of holdings
Now owns 157,401 shares
Filed 2 days after trade

Oct 12Form 4 ↗

Stock awardLawrence DavanzoDirector

259 shares at $110.95 · $29K

+16% of holdings
Now owns 1,846 shares
Filed 2 days after trade

Oct 12Form 4 ↗

Stock awardRichard M DemartiniDirector

326 shares at $110.95 · $36K

+0% of holdings
Now owns 274,389 shares
Filed 2 days after trade

Oct 12Form 4 ↗

Stock awardMary M. JacksonDirector

259 shares at $110.95 · $29K

+3% of holdings
Now owns 7,663 shares
Filed 2 days after trade

Oct 12Form 4 ↗

Other company newsOct 13 · Form 8-K ↗PREM14AOct 2 · Form PREM14A ↗Other company newsSep 11 · Form 8-K ↗Major agreementAug 31 · Form 8-K ↗DEFA14AAug 31 · Form DEFA14A ↗Other company newsAug 26 · Form 8-K ↗DEFA14AAug 26 · Form DEFA14A ↗DEFA14AAug 26 · Form DEFA14A ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

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