Virtu Financial Inc
For the period ended Mar 31, 2024. Filed Apr 26, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 26, 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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Condensed Consolidated Statements of Changes in Equity (Unaudited)
Three Months Ended March 31, 2024 and 2023
| Class A Common Stock · Class C Common Stock · Class D Common Stock · Treasury Stock · Additional Paid-in Capital · Retained Earnings (Accumulated Deficit) · Accumulated Other Comprehensive Income (loss) · Total Virtu Financial Inc. Stockholders' Equity · Noncontrolling Interest · Total Equity | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (in thousands, except share and interest data) · Shares · Amounts · Shares · Amounts · Shares · Amounts · Shares · Amounts · Amounts | ||||||||||||||
| Balance at December 31, 2023 | 134,901,037 | $1 | 8,607,998 | $— | 60,091,740 | $1 | (45,808,351) | $(1,166,299) | $1,351,574 | $1,000,403 | $17,047 | $1,202,727 | $202,629 | $1,405,356 |
| Share based compensation | 2,596,226 | — | — | — | — | — | — | — | 28,883 | — | — | 28,883 | — | 28,883 |
| Treasury stock purchases | (946,267) | — | — | — | — | — | (1,959,076) | (35,889) | — | (16,013) | — | (51,902) | — | (51,902) |
| Net income | — | — | — | — | — | — | — | — | — | 55,817 | — | 55,817 | 55,491 | 111,308 |
| Foreign exchange translation adjustment | — | — | — | — | — | — | — | — | — | — | (2,037) | (2,037) | (1,489) | (3,526) |
| Net change in unrealized cash flow hedges gains | — | — | — | — | — | — | — | — | — | — | 894 | 894 | 653 | 1,547 |
| Dividends ($0.24 per share of Class A common stock and participating Restricted Stock Unit and Restricted Stock Awards) and distributions from Virtu Financial to noncontrolling interest | — | — | — | — | — | — | — | — | — | (22,660) | — | (22,660) | (44,929) | (67,589) |
| Balance at March 31, 2024 | 136,550,996 | $1 | 8,607,998 | $— | 60,091,740 | $1 | (47,767,427) | $(1,202,188) | $1,380,457 | $1,017,547 | $15,904 | $1,211,722 | $212,355 | $1,424,077 |
| Class A Common Stock · Class C Common Stock · Class D Common Stock · Treasury Stock · Additional Paid-in Capital · Retained Earnings (Accumulated Deficit) · Accumulated Other Comprehensive Income (loss) · Total Virtu Financial Inc. Stockholders' Equity · Noncontrolling Interest · Total Equity | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (in thousands, except share and interest data) · Shares · Amounts · Shares · Amounts · Shares · Amounts · Shares · Amounts · Amounts | |||||||||||||||||||||||||||
| Balance at December 31, 2022 | 133,071,754 | $1 | 9,030,066 | $— | 60,091,740 | $1 | (34,522,290) | $(954,637) | $1,292,613 | $972,317 | $31,604 | $1,341,899 | $309,528 | $1,651,427 | |||||||||||||
| Share based compensation | 2,393,550 | — | — | — | — | — | — | — | 31,030 | — | — | 31,030 | — | 31,030 | |||||||||||||
| Repurchase of Class C common stock | — | (21,498) | — | — | — | — | — | (424) | — | — | (424) | — | (424) | ||||||||||||||
| Treasury stock purchases | (902,947) | — | — | — | — | — | (3,932,499) | (75,568) | — | (17,650) | — | (93,218) | — | (93,218) | |||||||||||||
| Net income | — | — | — | — | — | — | — | — | — | 57,881 | — | 57,881 | 52,202 | 110,083 | |||||||||||||
| Foreign exchange translation adjustment | — | — | — | — | — | — | — | — | — | — | 980 | 980 | 668 | 1,648 | |||||||||||||
| Net change in unrealized cash flow hedges gains | — | — | — | — | — | — | — | — | — | — | (7,834) | (7,834) | (5,334) | (13,168) | |||||||||||||
| Dividends ($0.24 per share of Class A common stock and participating Restricted Stock Units and Restricted Stock Awards) and distributions from Virtu Financial to noncontrolling interest | — | — | — | — | — | — | — | — | — | (24,696) | — | (24,696) | (27,308) | (52,004) | |||||||||||||
| Issuance of common stock in connection with employee exchanges | 152,037 | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||
| Repurchase of Virtu Financial Units and corresponding number of Class C common stock in connection with employee exchanges | — | — | (152,037) | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||
| Balance at March 31, 2023 | 134,714,394 | $1 | 8,856,531 | $— | 60,091,740 | $1 | (38,454,789) | $(1,030,205) | $1,323,219 | $987,852 | $24,750 | $1,305,618 | $329,756 | $1,635,374 | |||||||||||||
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