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Victory Capital Holdings, Inc. balance sheet

At the end of fiscal 2025, Victory Capital Holdings, Inc. had total assets of $4.25bn, total liabilities of $1.82bn and shareholders' equity of $2.42bn. It held $164m in cash against $970m of debt: net debt of $806m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash and equivalents151613513723703812412716470
Goodwill2202842842844054059829829829821,2361,236
Total assets—8517938021,7531,7312,5972,5412,5432,5484,2484,175
Long-term debt—4194832699257691,128986989964970968
Total debt04194832809257691,128986989964970968
Total liabilities—5205613461,2151,0231,6671,4751,4901,4261,8231,800
Shareholders' equity2493312314565387089301,0651,0531,1222,4252,375
Net debt (negative = net cash)−154024702298877461,058947866837806898
Shares outstanding—55m55m——81m69m67m64m64m64m62m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Victory Capital Holdings, Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Victory Capital Holdings, Inc.