Virtu Financial Inc
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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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.
FY2024 · Filed Feb 21, 2025
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
Consolidated Statements of Financial Condition
| (in thousands, except share data) | December 31,2024 | December 31,2023 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $872,513 | $820,436 |
| Cash restricted or segregated under regulations and other | 41,478 | 35,024 |
| Securities borrowed | 2,294,529 | 1,722,440 |
| Securities purchased under agreements to resell | 983,941 | 1,512,114 |
| Receivables from broker-dealers and clearing organizations ($51,595 and $— at fair value, as of December 31, 2024 and December 31, 2023, respectively) | 1,100,850 | 737,724 |
| Trading assets, at fair value: | ||
| Financial instruments owned | 5,520,015 | 6,127,752 |
| Financial instruments owned and pledged | 2,282,637 | 1,230,859 |
| Receivables from customers | 149,804 | 106,245 |
| Property, equipment and capitalized software (net of accumulated depreciation of $380,202 and $367,779 as of December 31, 2024 and December 31, 2023, respectively) | 91,415 | 100,365 |
| Operating lease right-of-use assets | 175,046 | 229,499 |
| Goodwill | 1,148,926 | 1,148,926 |
| Intangibles (net of accumulated amortization of $428,460 and $381,973 as of December 31, 2024 and December 31, 2023, respectively) | 203,188 | 257,520 |
| Deferred tax assets | 135,046 | 133,760 |
| Assets of business held for sale | 4,615 | — |
| Other assets ($158,326 and $84,521, at fair value, as of December 31, 2024 and December 31, 2023, respectively) | 357,740 | 303,720 |
| Total assets | $15,361,743 | $14,466,384 |
| Liabilities and equity | ||
| Liabilities | ||
| Short-term borrowings | $38,541 | $— |
| Securities loaned | 2,431,878 | 1,329,446 |
| Securities sold under agreements to repurchase | 1,271,788 | 1,795,994 |
| Payables to broker-dealers and clearing organizations ($136,736 and $7,661, at fair value, as of December 31, 2024 and December 31, 2023, respectively) | 918,566 | 1,167,712 |
| Payables to customers | 46,112 | 23,229 |
| Trading liabilities, at fair value: | ||
| Financial instruments sold, not yet purchased | 6,440,971 | 6,071,352 |
| Tax receivable agreement obligations | 196,592 | 216,480 |
| Accounts payable, accrued expenses and other liabilities | 558,100 | 451,293 |
| Operating lease liabilities | 229,825 | 278,317 |
| Long-term borrowings | 1,740,467 | 1,727,205 |
| Liabilities of business held for sale | 1,526 | — |
| Total liabilities | 13,874,366 | 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 — 137,479,751 and 134,901,037 shares, Outstanding — 84,976,325 and 89,092,686 shares at December 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 December 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 — 8,561,970 and 8,607,998 shares at December 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 December 31, 2024 and December 31, 2023, respectively | 1 | 1 |
| Treasury stock, at cost, 52,503,426 and 45,808,351 shares at December 31, 2024 and December 31, 2023, respectively | (1,339,913) | (1,166,299) |
| Additional paid-in capital | 1,432,240 | 1,351,574 |
| Retained earnings (accumulated deficit) | 1,168,908 | 1,000,403 |
| (in thousands, except share data) | December 31,2024 | December 31,2023 |
|---|---|---|
| Accumulated other comprehensive income (loss) | (7,063) | 17,047 |
| Total Virtu Financial Inc. stockholders' equity | 1,254,174 | 1,202,727 |
| Noncontrolling interest | 233,203 | 202,629 |
| Total equity | 1,487,377 | 1,405,356 |
| Total liabilities and equity | $15,361,743 | $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.