Virtu Financial Inc
For the period ended Sep 30, 2024. Filed Oct 28, 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.
Sep 30, 2024 · Filed Oct 28, 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 Financial Condition (Unaudited)
| (in thousands, except share data) | September 30,2024 | December 31,2023 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $701,405 | $820,436 |
| Cash restricted or segregated under regulations and other | 36,823 | 35,024 |
| Securities borrowed | 2,301,690 | 1,722,440 |
| Securities purchased under agreements to resell | 708,773 | 1,512,114 |
| Receivables from broker-dealers and clearing organizations ($41,837 and $— at fair value, as of September 30, 2024 and December 31, 2023, respectively) | 1,194,193 | 737,724 |
| Trading assets, at fair value: | ||
| Financial instruments owned | 5,195,334 | 6,127,752 |
| Financial instruments owned and pledged | 1,990,693 | 1,230,859 |
| Receivables from customers | 169,565 | 106,245 |
| Property, equipment and capitalized software (net of accumulated depreciation of $369,697 and $367,779 as of September 30, 2024 and December 31, 2023, respectively) | 93,899 | 100,365 |
| Operating lease right-of-use assets | 190,261 | 229,499 |
| Goodwill | 1,148,926 | 1,148,926 |
| Intangibles (net of accumulated amortization of $416,677 and $381,973 as of September 30, 2024 and December 31, 2023, respectively) | 214,971 | 257,520 |
| Deferred tax assets | 122,399 | 133,760 |
| Assets of business held for sale | 4,637 | — |
| Other assets ($105,162 and $84,521, at fair value, as of September 30, 2024 and December 31, 2023, respectively) | 327,137 | 303,720 |
| Total assets | $14,400,706 | $14,466,384 |
| Liabilities and equity | ||
| Liabilities | ||
| Short-term borrowings | $128,761 | $— |
| Securities loaned | 2,109,164 | 1,329,446 |
| Securities sold under agreements to repurchase | 1,045,811 | 1,795,994 |
| Payables to broker-dealers and clearing organizations ($88,318 and $7,661, at fair value, as of September 30, 2024 and December 31, 2023, respectively) | 619,640 | 1,167,712 |
| Payables to customers | 97,774 | 23,229 |
| Trading liabilities, at fair value: | ||
| Financial instruments sold, not yet purchased | 6,335,171 | 6,071,352 |
| Tax receivable agreement obligations | 196,254 | 216,480 |
| Accounts payable, accrued expenses and other liabilities | 469,796 | 451,293 |
| Operating lease liabilities | 236,253 | 278,317 |
| Long-term borrowings | 1,741,543 | 1,727,205 |
| Liabilities of business held for sale | 1,184 | — |
| Total liabilities | 12,981,351 | 13,061,028 |
| Commitments and Contingencies (Note 15) | ||
| 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 — 137,223,462 and 134,901,037 shares, Outstanding — 86,392,168 and 89,092,686 shares at September 30, 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 September 30, 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 — 8,575,052 and 8,607,998 shares at September 30, 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 September 30, 2024 and December 31, 2023, respectively | 1 | 1 |
| Treasury stock, at cost, 50,831,294 and 45,808,351 shares at September 30, 2024 and December 31, 2023, respectively | (1,282,210) | (1,166,299) |
| Additional paid-in capital | 1,415,956 | 1,351,574 |
| Retained earnings (accumulated deficit) | 1,097,693 | 1,000,403 |
Condensed Consolidated Statements of Financial Condition (Unaudited)
| (in thousands, except share data) | September 30,2024 | December 31,2023 |
|---|---|---|
| Accumulated other comprehensive income (loss) | 964 | 17,047 |
| Total Virtu Financial Inc. stockholders' equity | 1,232,405 | 1,202,727 |
| Noncontrolling interest | 186,950 | 202,629 |
| Total equity | 1,419,355 | 1,405,356 |
| Total liabilities and equity | $14,400,706 | $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.