Virtu Financial Inc
For the period ended Mar 31, 2025. Filed Apr 29, 2025.
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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, 2025 · Filed Apr 29, 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
Condensed Consolidated Statements of Financial Condition (Unaudited)
| (in thousands, except share data) | March 31,2025 | December 31,2024 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $723,650 | $872,513 |
| Cash restricted or segregated under regulations and other | 47,364 | 41,478 |
| Securities borrowed | 2,780,405 | 2,294,529 |
| Securities purchased under agreements to resell | 1,153,090 | 983,941 |
| Receivables from broker-dealers and clearing organizations ($108,358 and $51,595 at fair value, as of March 31, 2025 and December 31, 2024, respectively) | 1,857,854 | 1,100,850 |
| Trading assets, at fair value: | ||
| Financial instruments owned | 6,292,397 | 5,520,015 |
| Financial instruments owned and pledged | 2,428,584 | 2,282,637 |
| Receivables from customers | 189,382 | 149,804 |
| Property, equipment and capitalized software (net of accumulated depreciation of $388,684 and $380,202 as of March 31, 2025 and December 31, 2024, respectively) | 92,815 | 91,415 |
| Operating lease right-of-use assets | 163,230 | 175,046 |
| Goodwill | 1,148,926 | 1,148,926 |
| Intangibles (net of accumulated amortization of $440,243 and $428,460 as of March 31, 2025 and December 31, 2024, respectively) | 190,280 | 203,188 |
| Deferred tax assets | 125,762 | 135,046 |
| Assets of business held for sale | 4,573 | 4,615 |
| Other assets ($129,387 and $158,326, at fair value, as of March 31, 2025 and December 31, 2024, respectively) | 349,902 | 357,740 |
| Total assets | $17,548,214 | $15,361,743 |
| Liabilities and equity | ||
| Liabilities | ||
| Short-term borrowings | $112,149 | $38,541 |
| Securities loaned | 2,827,025 | 2,431,878 |
| Securities sold under agreements to repurchase | 1,461,415 | 1,271,788 |
| Payables to broker-dealers and clearing organizations ($199,920 and $136,736, at fair value, as of March 31, 2025 and December 31, 2024, respectively) | 774,809 | 918,566 |
| Payables to customers | 66,732 | 46,112 |
| Trading liabilities, at fair value: | ||
| Financial instruments sold, not yet purchased | 8,116,856 | 6,440,971 |
| Tax receivable agreement obligations | 175,819 | 196,592 |
| Accounts payable, accrued expenses and other liabilities | 492,892 | 558,100 |
| Operating lease liabilities | 216,314 | 229,825 |
| Long-term borrowings | 1,741,092 | 1,740,467 |
| Liabilities of business held for sale | 1,455 | 1,526 |
| Total liabilities | 15,986,558 | 13,874,366 |
| Commitments and Contingencies (Note 16) | ||
| 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 — 139,581,948 and 137,479,751 shares, Outstanding — 85,757,311 and 84,976,325 shares at March 31, 2025 and December 31, 2024, 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, 2025 and December 31, 2024, respectively | — | — |
| Class C common stock (par value $0.00001), Authorized — 90,000,000 and 90,000,000 shares, Issued and Outstanding — 8,194,847 and 8,561,970 shares at March 31, 2025 and December 31, 2024, 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, 2025 and December 31, 2024, respectively | 1 | 1 |
| Treasury stock, at cost, 53,824,637 and 52,503,426 shares at March 31, 2025 and December 31, 2024, respectively | (1,387,895) | (1,339,913) |
| Additional paid-in capital | 1,475,903 | 1,432,240 |
| Retained earnings | 1,227,446 | 1,168,908 |
Condensed Consolidated Statements of Financial Condition (Unaudited)
| (in thousands, except share data) | March 31,2025 | December 31,2024 |
|---|---|---|
| Accumulated other comprehensive income (loss) | (5,554) | (7,063) |
| Total Virtu Financial Inc. stockholders' equity | 1,309,902 | 1,254,174 |
| Noncontrolling interest | 251,754 | 233,203 |
| Total equity | 1,561,656 | 1,487,377 |
| Total liabilities and equity | $17,548,214 | $15,361,743 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.