Virtus Investment Partners Updates Non-GAAP Reporting Framework

Virtus Investment Partners ( (VRTS) ) has issued an announcement.

Virtus Investment Partners said it will revise certain non-GAAP financial measures beginning with its first-quarter 2026 results to include tax benefits realized from the amortization of goodwill and intangible assets, which had previously been excluded. The change will lower the reported non-GAAP effective tax rate and increase adjusted diluted earnings per share and adjusted net income for past and future periods, with management arguing the new definitions better capture the economic impact of acquisition-driven tax assets and provide investors with a clearer view of underlying performance without altering previously filed GAAP results.

To support comparability, the firm is publishing supplemental reconciliations for the first quarter of 2024 through the fourth quarter of 2025, plus full-year 2024 and 2025, showing how the revised metrics differ from the historical non-GAAP calculations. The updated framework continues to strip out items such as non-cash amortization, restructuring costs, acquisition and integration expenses, deferred compensation volatility and seed-capital investment gains or losses, while emphasizing that these adjusted measures have limitations and should be considered alongside audited GAAP figures.

The most recent analyst rating on (VRTS) stock is a Sell with a $128.00 price target. To see the full list of analyst forecasts on Virtus Investment Partners stock, see the VRTS Stock Forecast page.

Spark’s Take on VRTS Stock

According to Spark, TipRanks’ AI Analyst, VRTS is a Neutral.

The score is held back mainly by volatile/negative recent cash flow and weak technical trend signals (price below major moving averages, negative MACD). These are partially offset by attractive valuation (low P/E and high dividend yield) and a mixed-but-stabilizing earnings narrative featuring ETF momentum, cost discipline, and solid liquidity despite continued outflow pressure.

To see Spark’s full report on VRTS stock, click here.

More about Virtus Investment Partners

Virtus Investment Partners, Inc. is a U.S.-based asset management firm that provides investment management and related services. The company has expanded through numerous acquisitions over several years, creating a sizable intangible tax asset that generates meaningful tax benefits tied to goodwill and intangible amortization, which has become increasingly important to its financial profile.

Average Trading Volume: 107,068

Technical Sentiment Signal: Sell

Current Market Cap: $960.5M

For detailed information about VRTS stock, go to TipRanks’ Stock Analysis page.