Virtu Financial, Inc. VIRT
We are a leading financial firm that leverages cutting edge technology to deliver liquidity to the global markets and innovative, transparent trading solutions to our clients. Leveraging our global market structure expertise and scaled, multi-asset infrastructure, we provide our clients a robust product suite including offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology. Our product offerings allow our clients to trade on hundreds of venues across over 50 countries and in multiple asset classes, including global equities, Exchange Traded Funds ("ETFs"), options, foreign exchange, futures, fixed income, cryptocurrencies, and myriad other commodities. Our integrated, multi-asset analytics platform provides a range of pre- and post-trade services, data products and compliance tools that our clients rely upon to invest, trade and manage risk across global markets. We believe that our broad diversification, in combination with our proprietary technology platform and low-cost structure, gives us the scale necessary to grow our business around the globe as we service clients and facilitate risk transfer between global capital markets participants by providing liquidity, while at the same time earning attractive margins and returns.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $617.0M | $516.8M | $455.6M | $529.8M | $614.5M | $600.5M | $498.5M | $184.3M | $116.5M | $10.4M |
| SG&A | $97.9M | $97.0M | $99.0M | $86.1M | $88.1M | $94.6M | $103.6M | $66.8M | $62.1M | $23.4M |
| Total operating expenses | $2.54B | $2.23B | $1.97B | $1.81B | $1.81B | $1.86B | $1.63B | $1.18B | $914.8M | $522.7M |
| Pre-tax income | $1.09B | $645.0M | $325.1M | $556.8M | $996.9M | $1.38B | -$116.0M | $696.4M | $113.2M | $179.6M |
| Income tax | $182.1M | $110.4M | $61.2M | $88.5M | $169.7M | $261.9M | $12.3M | $76.2M | $94.3M | $21.3M |
| Net income | $912.3K | $534.5K | $263.9K | $468.3K | $827.2K | $649.2M | -$58.6M | $289.4M | $2.9M | $33.0M |
| EPS, basic | 5.14 | 2.98 | 1.42 | 2.45 | 3.95 | 5.19 | -0.53 | 2.82 | 0.03 | 0.83 |
| EPS, diluted | 5.13 | 2.97 | 1.42 | 2.44 | 3.91 | 5.16 | -0.53 | 2.78 | 0.03 | 0.83 |
| Shares, diluted (wtd. avg.) | 85.3M | 87.8M | 94.1M | 104.4M | 118.4M | 122.3M | 113.9M | 102.1M | 62.6M | 38.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.06B | $872.5M | $855.5M | $1.04B | $1.12B | $1.01B | $773.3M | $736.0M | $532.9M | $181.4M |
| Property, plant and equipment | — | — | — | — | — | — | — | $113.3M | $137.0M | $29.7M |
| Goodwill | $1.15B | $1.15B | $1.15B | $1.15B | $1.15B | $1.15B | $1.15B | $836.6M | $844.9M | $715.4M |
| Other intangibles | $154.9M | $203.2M | $257.5M | $321.5M | $386.3M | $454.5M | $529.6M | $84.0M | $111.2M | $992.0K |
| Total assets | $20.15B | $15.36B | $14.47B | $10.58B | $10.32B | $9.97B | $9.61B | $7.38B | $7.32B | $3.69B |
| Short-term debt | — | — | — | — | $61.5M | $64.7M | $73.5M | $15.1M | $27.9M | $25.0M |
| Long-term debt | $2.04B | $1.74B | $1.73B | $1.80B | $1.61B | $1.64B | $1.92B | $907.0M | $1.39B | $565.0M |
| Total liabilities | $18.18B | $13.87B | $13.06B | $8.93B | $8.46B | $8.11B | $8.38B | $5.89B | $6.17B | $3.16B |
| Retained earnings | $1.52B | $1.17B | $1.00B | $972.3M | $830.5M | $422.4M | -$90.4M | $96.5M | -$62.1M | -$1.3M |
| Total equity | $1.58B | $1.25B | $1.41B | $1.65B | $1.86B | $1.86B | $1.23B | $1.49B | $1.15B | $534.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $518.4M | $599.0M | $491.8M | $706.8M | $1.17B | $1.06B | $168.8M | $714.6M | $290.6M | $239.6M |
| Depreciation and amortisation | $19.7M | $24.5M | $25.6M | $26.1M | $28.4M | $37.4M | $44.7M | $48.4M | $36.8M | $19.6M |
| Stock-based compensation | $100.4M | $75.5M | $63.9M | $67.2M | $55.8M | $59.8M | $71.7M | $31.9M | $26.3M | $22.9M |
| Capital expenditure | $22.8M | $12.4M | $37.8M | $27.2M | $24.6M | $28.9M | $9.3M | $26.5M | $18.9M | $11.9M |
| Investing cash flow | -$40.6M | -$61.8M | -$94.5M | -$29.5M | -$87.3M | -$2.6M | -$899.6M | $329.2M | -$838.0M | -$59.0M |
| Financing cash flow | -$281.0M | -$469.6M | -$585.0M | -$735.7M | -$957.9M | -$839.9M | $769.6M | -$835.5M | $889.8M | -$161.2M |
| Dividends paid | — | — | — | — | — | $120.5M | $112.4M | $100.3M | $63.8M | $37.8M |
| Buybacks | $1.6M | $0 | $1.6M | $8.3M | $3.5M | $0 | $196.0K | $66.2M | $2.7M | $4.5M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-051774.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.4M | $116.5M | $184.3M | $498.5M | $600.5M | $614.5M | $529.8M | $455.6M | $516.8M | $617.0M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $33.0M | $2.9M | $289.4M | -$58.6M | $649.2M | $827.2K | $468.3K | $263.9K | $534.5K | $912.3K |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Results announced Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Officer or director change Item 5.02
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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