Virtusa Corporation (VRTU) Financial Statements (2025 and earlier)

Company Profile

Business Address 132 TURNPIKE RD
SOUTHBOROUGH, MA 01772
State of Incorp.
Fiscal Year End March 31
Industry (SIC) 7371 - Computer Programming Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

12/31/2020
Q3
9/30/2020
Q2
6/30/2020
Q1
3/31/2020
Q4
12/31/2019
Q3
9/30/2019
Q2
6/30/2019
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments300,746289,312 237,445198,280207,919
Cash and cash equivalent297,459285,277 217,387183,372190,007
Short-term investments3,2874,035 20,05814,90817,912
Restricted cash and investments2,653324 1,735233336
Receivables134,825141,358 149,800155,510149,652
Prepaid expense62,85362,405 43,84552,73646,586
Asset, held-for-sale, not part of disposal group 10,7188,281 8,7498,8449,042
Other current assets26,59030,954 32,30832,86233,715
Other undisclosed current assets93,25991,880 106,716113,683116,722
Total current assets:631,644624,514 580,598562,148563,972
Noncurrent Assets
Operating lease, right-of-use asset42,29544,602 50,89450,933 
Property, plant and equipment98,24899,323 108,198111,412120,225
Long-term investments and receivables  1,321 1,4291,6721,889
Long-term investments  1,321 1,4291,6721,889
Intangible assets, net (including goodwill)417,297418,510 375,608378,391378,190
Goodwill293,583291,743 276,089277,061280,501
Intangible assets, net (excluding goodwill)123,714126,767 99,519101,33097,689
Restricted cash and investments      86
Deferred income tax assets30,15830,739 31,13629,735 
Other noncurrent assets35,36944,589 38,08539,89535,780
Other undisclosed noncurrent assets157 10 83,261
Total noncurrent assets:623,382639,091 605,360612,038619,431
TOTAL ASSETS:1,255,0261,263,605 1,185,9581,174,1861,183,403
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities202,406195,659 181,476179,632186,614
Taxes payable7,7044,024 6,7295,1845,917
Employee-related liabilities75,66755,775 78,52472,50661,561
Accounts payable31,94043,097 30,54835,03241,802
Accrued liabilities87,09592,763 65,67566,91077,334
Deferred revenue9,34010,823 6,5926,887 
Debt51,66028,797 25,98225,41413,657
Contract with customer, liability✕✕✕✕✕✕7,074
Other undisclosed current liabilities      11,011
Total current liabilities:263,406235,279 214,050211,933218,356
Noncurrent Liabilities
Long-term debt and lease obligation400,126457,978 419,173414,527348,469
Long-term debt, excluding current maturities363,823419,205 375,164369,992348,469
Liabilities, other than long-term debt, including:60,94059,682 42,15443,08628,102
Deferred income tax liabilities15,17515,806 14,87315,271 
Other liabilities45,76543,876 27,28127,815 
Operating lease, liability36,30338,773 44,00944,535 
Other undisclosed liabilities, other than long-term debt      28,102
Other undisclosed noncurrent liabilities      63,421
Total noncurrent liabilities:461,066517,660 461,327457,613439,992
Total liabilities:724,472752,939 675,377669,546658,348
Temporary equity, including noncontrolling interest107,408107,367 107,285107,243125,853
Equity
Equity, attributable to parent, including:423,146403,299 403,296382,269399,202
Common stock337336 332332331
Treasury stock, value(58,332)(58,332)   (39,652)
Additional paid in capital253,013248,631 256,152248,284244,078
Accumulated other comprehensive loss(73,191)(80,974) (67,529)(69,055)(60,581)
Retained earnings301,319293,638 272,673261,040255,026
Other undisclosed equity, attributable to parent    (58,332)(58,332) 
Equity, attributable to noncontrolling interest     15,128 
Total equity:423,146403,299 403,296397,397399,202
TOTAL LIABILITIES AND EQUITY:1,255,0261,263,605 1,185,9581,174,1861,183,403

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2020
Q3
9/30/2020
Q2
6/30/2020
Q1
3/31/2020
Q4
12/31/2019
Q3
9/30/2019
Q2
6/30/2019
Q1
Revenues317,188301,064(982,632)335,107328,501319,024
Cost of revenue(233,170)(232,460) (236,427)(238,584)(234,735)
Gross profit:84,01868,604 98,68089,91784,289
Operating expenses(71,292)(61,449) (68,270)(70,682)(70,861)
Operating income:12,7267,155 30,41019,23513,428
Nonoperating expense(211)(5,957) (7,209)(7,157)(2,669)
Investment income, nonoperating192276 520551673
Gain (loss), foreign currency transaction, before tax4,098(1,241) (3,065)(3,437)1,202
Other nonoperating income (expense)1,235307 209564364
Interest and debt expense(5,736)(5,299) (4,873)(4,835)(4,908)
Income (loss) from continuing operations before equity method investments, income taxes:6,779(4,101) 18,3287,2435,851
Other undisclosed income from continuing operations before income taxes5,7365,299 4,8734,8354,908
Income from continuing operations before income taxes:12,5151,198 23,20112,07810,759
Income tax expense(3,746)(304) (10,363)(4,830)(4,739)
Income from continuing operations:8,769894 12,8387,2486,020
Income before gain (loss) on sale of properties:8,769894✕12,8387,2486,020
Net income:8,769894 12,8387,2486,020
Net loss attributable to noncontrolling interest    (118)(146)(186)
Net income attributable to parent:8,769894 12,7207,1025,834
Other undisclosed net loss available to common stockholders, basic(1,088)(1,087) (1,087)(1,088)(1,087)
Net income (loss) available to common stockholders, basic:7,681(193) 11,6336,0144,747
Other undisclosed net income available to common stockholders, diluted   1,087  
Net income (loss) available to common stockholders, diluted:7,681(193) 12,7206,0144,747

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2020
Q3
9/30/2020
Q2
6/30/2020
Q1
3/31/2020
Q4
12/31/2019
Q3
9/30/2019
Q2
6/30/2019
Q1
Net income:8,769894 12,8387,2486,020
Other comprehensive income (loss)7,7834,281 1,892(8,585) 
Other undisclosed comprehensive loss      (1,050)
Comprehensive income (loss):16,5525,175 14,730(1,337)4,970
Comprehensive loss, net of tax, attributable to noncontrolling interest    (484)(35)(330)
Comprehensive income (loss), net of tax, attributable to parent:16,5525,175 14,246(1,372)4,640

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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