| Earnings (Loss) Per Share The computation of basic and diluted EPS is as follows: | | | | | | | | | | | | | | | | | | | | Years Ended December 31, | | (in thousands, except per share amounts) | 2025 | | 2024 | | 2023 | | Net Income (Loss) | $ | 135,988 | | | $ | 152,453 | | | $ | 141,476 | | | Noncontrolling interests | 2,408 | | | (30,707) | | | (10,855) | | | | | | | | | | | | | | | Net Income (Loss) Attributable to Virtus Investment Partners, Inc. | $ | 138,396 | | | $ | 121,746 | | | $ | 130,621 | | | Shares (in thousands): | | | | | | | Basic: Weighted-average number of shares outstanding | 6,829 | | | 7,082 | | | 7,249 | | | Plus: Incremental shares from assumed conversion of dilutive instruments | 100 | | | 128 | | | 126 | | | Diluted: Weighted-average number of shares outstanding | 6,929 | | | 7,210 | | | 7,375 | | | Earnings (Loss) per Share—Basic | $ | 20.27 | | | $ | 17.19 | | | $ | 18.02 | | | Earnings (Loss) per Share—Diluted | $ | 19.97 | | | $ | 16.89 | | | $ | 17.71 | |
The following table details the securities that have been excluded from the above computation of weighted-average number of shares for diluted EPS, because the effect would be anti-dilutive. | | | | | | | | | | | | | | | | | | | Years Ended Years Ended December 31, | | (in thousands) | 2025 | | 2024 | | 2023 | | Restricted stock units and stock options | 24 | | | 1 | | | 2 | | | | | | | | | Total anti-dilutive securities | 24 | | | 1 | | | 2 | |
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