Virtu Financial, Inc.
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
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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.
FY2025 · Filed Feb 20, 2026
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 31,2025 | December 31,2024 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $1,061,697 | $872,513 |
| Cash restricted or segregated under regulations and other | 64,744 | 41,478 |
| Securities borrowed | 3,191,138 | 2,294,529 |
| Securities purchased under agreements to resell | 988,929 | 983,941 |
| Receivables from broker-dealers and clearing organizations ($328,934 and $51,595 at fair value, as of December 31, 2025 and December 31, 2024, respectively) | 1,896,405 | 1,100,850 |
| Trading assets, at fair value: | ||
| Financial instruments owned | 7,343,032 | 5,520,015 |
| Financial instruments owned and pledged | 3,208,525 | 2,282,637 |
| Receivables from customers | 161,561 | 149,804 |
| Property, equipment and capitalized software (net of accumulated depreciation of $437,002 and $380,202 as of December 31, 2025 and December 31, 2024, respectively) | 96,378 | 91,415 |
| Operating lease right-of-use assets | 213,707 | 175,046 |
| Goodwill | 1,148,926 | 1,148,926 |
| Intangibles (net of accumulated amortization of $475,592 and $428,460 as of December 31, 2025 and December 31, 2024, respectively) | 154,931 | 203,188 |
| Deferred tax assets | 92,422 | 135,046 |
| Assets of business held for sale | — | 4,615 |
| Other assets ($242,121 and $158,326, at fair value, as of December 31, 2025 and December 31, 2024, respectively) | 528,341 | 357,740 |
| Total assets | $20,150,736 | $15,361,743 |
| Liabilities and equity | ||
| Liabilities | ||
| Short-term borrowings | $12,382 | $38,541 |
| Securities loaned | 3,477,831 | 2,431,878 |
| Securities sold under agreements to repurchase | 1,405,639 | 1,271,788 |
| Payables to broker-dealers and clearing organizations ($181,272 and $136,736, at fair value, as of December 31, 2025 and December 31, 2024, respectively) | 998,276 | 918,566 |
| Payables to customers | 43,103 | 46,112 |
| Trading liabilities, at fair value: | ||
| Financial instruments sold, not yet purchased | 9,105,263 | 6,440,971 |
| Tax receivable agreement obligations | 181,855 | 196,592 |
| Accounts payable, accrued expenses and other liabilities | 652,352 | 558,100 |
| Operating lease liabilities | 261,169 | 229,825 |
| Long-term borrowings | 2,039,463 | 1,740,467 |
| Liabilities of business held for sale | — | 1,526 |
| Total liabilities | 18,177,333 | 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 — 140,877,669 and 137,479,751 shares, Outstanding — 84,919,931 and 84,976,325 shares at December 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 December 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 — 7,970,185 and 8,561,970 shares at December 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 December 31, 2025 and December 31, 2024, respectively | 1 | 1 |
| Treasury stock, at cost, 55,957,738 and 52,503,426 shares at December 31, 2025 and December 31, 2024, respectively | (1,475,666) | (1,339,913) |
| Additional paid-in capital | 1,541,684 | 1,432,240 |
| Retained earnings | 1,519,270 | 1,168,908 |
| (in thousands, except share data) | December 31,2025 | December 31,2024 |
|---|---|---|
| Accumulated other comprehensive income (loss) | (3,011) | (7,063) |
| Total Virtu Financial Inc. stockholders' equity | 1,582,279 | 1,254,174 |
| Noncontrolling interest | 391,124 | 233,203 |
| Total equity | 1,973,403 | 1,487,377 |
| Total liabilities and equity | $20,150,736 | $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.