VIRT · XBRL financial data
Virtu Financial financial statements, every fiscal year
The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (VIRT's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue | 3,239 | 2,811 | 2,365 | 2,293 | 2,877 | 3,632 |
| Revenue from contracts with customers | 601 | 614 | 530 | 456 | 517 | 617 |
| General and administrative | 95 | 88 | 86 | 99 | 97 | 98 |
| Total operating expenses | 1,856 | 1,815 | 1,808 | 1,968 | 2,232 | 2,538 |
| Interest expense | 88 | 80 | 92 | 99 | 98 | 133 |
| Income tax expense (benefit) | 262 | 170 | 88 | 61 | 110 | 182 |
| Net income (loss) | 649 | 477 | 265 | 142 | 276 | 468 |
| Earnings per share, basic USD per share | 5.19 | 3.95 | 2.45 | 1.42 | 2.98 | 5.14 |
| Earnings per share, diluted USD per share | 5.16 | 3.91 | 2.44 | 1.42 | 2.97 | 5.13 |
| Weighted average shares, basic millions of shares | 122 | 117 | 104 | 94 | 87 | 85 |
| Weighted average shares, diluted millions of shares | 122 | 118 | 104 | 94 | 88 | 85 |
Balance sheet
CSVFiscal years (VIRT's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 890 | 1,071 | 982 | 820 | 873 | 1,062 |
| Right-of-use asset | 269 | 225 | 187 | 229 | 175 | 214 |
| Goodwill | 1,149 | 1,149 | 1,149 | 1,149 | 1,149 | 1,149 |
| Total assets | 9,966 | 10,320 | 10,583 | 14,466 | 15,362 | 20,151 |
| Total liabilities | 8,111 | 8,456 | 8,932 | 13,061 | 13,874 | 18,177 |
| Retained earnings | 422 | 831 | 972 | 1,000 | 1,169 | 1,519 |
| Total stockholders' equity | 1,469 | 1,549 | 1,342 | 1,203 | 1,254 | 1,582 |
| Total liabilities and equity | 9,966 | 10,320 | 10,583 | 14,466 | 15,362 | 20,151 |
Cash flows
CSVFiscal years (VIRT's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | 649 | 477 | 265 | 142 | 276 | 468 |
| Stock-based compensation | 60 | 56 | 67 | 64 | 75 | 100 |
| Net cash from operating activities | 1,061 | 1,172 | 707 | 492 | 599 | 518 |
| Purchases of property and equipment | 29 | 25 | 27 | 38 | 12 | 23 |
| Net cash from investing activities | (3) | (87) | (30) | (94) | (62) | (41) |
| Share repurchases | 0 | 3 | 8 | 2 | 0 | 2 |
| Dividends paid | 120 | — | — | — | — | — |
| Proceeds from long-term debt | 0 | 0 | 1,800 | 0 | 1,742 | 1,545 |
| Repayments of long-term debt | 289 | 37 | 1,600 | 73 | 1,727 | 1,245 |
| Net cash from financing activities | (840) | (958) | (736) | (585) | (470) | (281) |
| Net change in cash | 234 | 114 | (83) | (183) | 59 | 212 |
Compare with peers
SIC 6211 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 6211 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Virtu Financial | 1,069 | 1,190 | 117* | not reported | — | 10-QJun 30, 2026 |
| Galaxy Digital | 896 | 8,557 | 372* | not reported | — | 10-QJun 30, 2026 |
| Freedom Holding | 1,351 | 733 | (342) | 63.8M | 4.0 quarters | 10-QJun 30, 2026 |
| Piper Sandler Companies | not reported | 446 | not reported | 70.3M | — | 10-QSep 30, 2026 |
| Marketaxess Holdings | 246 | 218 | 27* | 35.2M | — | 10-QJun 30, 2026 |
| Miami International Holdings | 699 | 376 | 23* | 100.1M | — | 10-QSep 30, 2026 |
| WisdomTree | 295 | 177 | 76* | 151.5M | — | 10-QJun 30, 2026 |
| Jefferies Financial Group | 16,884 | 1,752 | 2,591* | not reported | — | 10-QAug 31, 2026 |
| Sei Investments | 400 | 662 | 218* | 118.6M | — | 10-QSep 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.
