Virtu Financial Inc
For the period ended Mar 31, 2024. Filed Apr 26, 2024.
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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.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Financial Condition (Unaudited)
| (in thousands, except share data) | March 31,2024 | December 31,2023 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $399,585 | $820,436 |
| Cash restricted or segregated under regulations and other | 29,821 | 35,024 |
| Securities borrowed | 1,782,982 | 1,722,440 |
| Securities purchased under agreements to resell | 502,470 | 1,512,114 |
| Receivables from broker-dealers and clearing organizations ($22,801 and $— at fair value, as of March 31, 2024 and December 31, 2023, respectively) | 1,270,404 | 737,724 |
| Trading assets, at fair value: | ||
| Financial instruments owned | 4,998,078 | 6,127,752 |
| Financial instruments owned and pledged | 1,449,054 | 1,230,859 |
| Receivables from customers | 118,680 | 106,245 |
| Property, equipment and capitalized software (net of accumulated depreciation of $336,866 and $367,779 as of March 31, 2024 and December 31, 2023, respectively) | 97,436 | 100,365 |
| Operating lease right-of-use assets | 212,689 | 229,499 |
| Goodwill | 1,148,926 | 1,148,926 |
| Intangibles (net of accumulated amortization of $396,660 and $381,973 as of March 31, 2024 and December 31, 2023, respectively) | 242,833 | 257,520 |
| Deferred tax assets | 128,171 | 133,760 |
| Other assets ($167,384 and $84,521, at fair value, as of March 31, 2024 and December 31, 2023, respectively) | 408,586 | 303,720 |
| Total assets | $12,789,715 | $14,466,384 |
| Liabilities and equity | ||
| Liabilities | ||
| Short-term borrowings | $138,202 | $— |
| Securities loaned | 1,640,521 | 1,329,446 |
| Securities sold under agreements to repurchase | 836,433 | 1,795,994 |
| Payables to broker-dealers and clearing organizations ($90,271 and $7,661, at fair value, as of March 31, 2024 and December 31, 2023, respectively) | 472,895 | 1,167,712 |
| Payables to customers | 33,485 | 23,229 |
| Trading liabilities, at fair value: | ||
| Financial instruments sold, not yet purchased | 5,694,997 | 6,071,352 |
| Tax receivable agreement obligations | 196,254 | 216,480 |
| Accounts payable, accrued expenses and other liabilities | 365,711 | 451,293 |
| Operating lease liabilities | 260,483 | 278,317 |
| Long-term borrowings | 1,726,657 | 1,727,205 |
| Total liabilities | 11,365,638 | 13,061,028 |
| 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 — 136,550,996 and 134,901,037 shares, Outstanding — 88,783,569 and 89,092,686 shares at March 31, 2024 and December 31, 2023, 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 March 31, 2024 and December 31, 2023, 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 8,607,998 shares at March 31, 2024 and December 31, 2023, 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 March 31, 2024 and December 31, 2023, respectively | 1 | 1 |
| Treasury stock, at cost, 47,767,427 and 45,808,351 shares at March 31, 2024 and December 31, 2023, respectively | (1,202,188) | (1,166,299) |
| Additional paid-in capital | 1,380,457 | 1,351,574 |
| Retained earnings (accumulated deficit) | 1,017,547 | 1,000,403 |
| Accumulated other comprehensive income (loss) | 15,904 | 17,047 |
| Total Virtu Financial Inc. stockholders' equity | 1,211,722 | 1,202,727 |
Condensed Consolidated Statements of Financial Condition (Unaudited)
| (in thousands, except share data) | March 31,2024 | December 31,2023 |
|---|---|---|
| Noncontrolling interest | 212,355 | 202,629 |
| Total equity | 1,424,077 | 1,405,356 |
| Total liabilities and equity | $12,789,715 | $14,466,384 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.