Virtu Financial Inc

For the period ended Dec 31, 2023. Filed Feb 16, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 16, 2024

VIRT$57.75+2.0%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Financial Condition

(in thousands, except share data)	December 31,2023	December 31,2022
Assets
Cash and cash equivalents	$820,436	$981,580
Cash restricted or segregated under regulations and other	35,024	56,662
Securities borrowed	1,722,440	1,187,674
Securities purchased under agreements to resell	1,512,114	336,999
Receivables from broker-dealers and clearing organizations	737,724	1,115,185
Trading assets, at fair value:
Financial instruments owned	6,127,752	3,667,481
Financial instruments owned and pledged	1,230,859	963,071
Receivables from customers	106,245	80,830
Property, equipment and capitalized software (net of accumulated depreciation of $367,779 and $460,763 as of December 31, 2023 and December 31, 2022, respectively)	100,365	85,194
Operating lease right-of-use assets	229,499	187,442
Goodwill	1,148,926	1,148,926
Intangibles (net of accumulated amortization of $381,973 and $318,013 as of December 31, 2023 and December 31, 2022, respectively)	257,520	321,480
Deferred tax assets	133,760	146,801
Other assets ($84,521 and $78,965, at fair value, as of December 31, 2023 and December 31, 2022, respectively)	303,720	303,916
Total assets	$14,466,384	$10,583,241
Liabilities and equity
Liabilities
Short-term borrowings	$—	$3,944
Securities loaned	1,329,446	1,060,432
Securities sold under agreements to repurchase	1,795,994	627,549
Payables to broker-dealers and clearing organizations	1,167,712	273,843
Payables to customers	23,229	46,525
Trading liabilities, at fair value:
Financial instruments sold, not yet purchased	6,071,352	4,196,974
Tax receivable agreement obligations	216,480	238,758
Accounts payable, accrued expenses and other liabilities	451,293	448,635
Operating lease liabilities	278,317	239,202
Long-term borrowings	1,727,205	1,795,952
Total liabilities	13,061,028	8,931,814
Commitments and Contingencies (Note 14)
Virtu Financial Inc. Stockholders' equity
Class A common stock (par value $0.00001), Authorized — 1,000,000,000 and 1,000,000,000 shares, Issued — 134,901,037 and 133,071,754 shares, Outstanding — 89,092,686 and 98,549,464 shares at December 31, 2023 and December 31, 2022, respectively	1	1
Class B common stock (par value $0.00001), Authorized — 175,000,000 and 175,000,000 shares, Issued and Outstanding — 0 and 0 shares at December 31, 2023 and December 31, 2022, respectively	—	—
Class C common stock (par value $0.00001), Authorized — 90,000,000 and 90,000,000 shares, Issued and Outstanding — 8,607,998 and 9,030,066 shares at December 31, 2023 and December 31, 2022, respectively	—	—
Class D common stock (par value $0.00001), Authorized — 175,000,000 and 175,000,000 shares, Issued and Outstanding — 60,091,740 and 60,091,740 shares at December 31, 2023 and December 31, 2022, respectively	1	1
Treasury stock, at cost, 45,808,351 and 34,522,290 shares at December 31, 2023 and December 31, 2022, respectively	(1,166,299)	(954,637)
Additional paid-in capital	1,351,574	1,292,613
Retained earnings (accumulated deficit)	1,000,403	972,317
Accumulated other comprehensive income (loss)	17,047	31,604
Total Virtu Financial Inc. stockholders' equity	1,202,727	1,341,899
Noncontrolling interest	202,629	309,528

(in thousands, except share data)	December 31,2023	December 31,2022
Total equity	1,405,356	1,651,427
Total liabilities and equity	$14,466,384	$10,583,241

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.