Dafinchi AI

VCTR

Financial Services

Adjusted EBITDA was $179 million with a margin of 50.8%, slightly above guidance due to positive asset mix and annual fee realization.
Adjusted net income was $133 million or $1.57 per diluted share, a 15% increase in EPS from the prior quarter.
GAAP operating margin was 26.8%, impacted by $53 million in acquisition-related restructuring and integration costs.
Net leverage ratio improved to 1.2x, the lowest since IPO, and debt-to-equity ratio improved to 0.39.
Revenue rose 60% from the prior quarter to $351.2 million, driven by the acquisition of Pioneer Investments.
The Board increased the share repurchase authorization from $200 million to $500 million, the largest in company history.
Total client assets increased by 76% quarter-over-quarter to over $300 billion, a record high for a quarter end.

ARR

Financial Services

ARMOUR Capital Management waived $1.65 million of management fees in Q2, offsetting operating expenses.
ARMOUR raised approximately $104.6 million of capital by issuing approximately 6.3 million shares of common stock through an at-the-market offering program during Q2.
ARMOUR's Q2 GAAP net loss related to common stockholders was $78.6 million or $0.94 per common share.
Distributable earnings available to common stockholders was $64.9 million or $0.77 per common share.
Monthly common stock dividends were $0.24 per share, totaling $0.72 for the quarter.
Net interest income was $33.1 million.
Outstanding common shares total 91.5 million.
Quarter ending book value was $16.90 per common share; estimated book value as of July 21 was $16.81 per common share.
Since June 30, ARMOUR raised approximately $58.8 million of capital by issuing approximately 3.5 million shares of common stock through an at-the-market offering program.

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