Virtu Financial, Inc.

For the period ended Mar 31, 2026. Filed May 1, 2026.

About this filing

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, 2026 · Filed May 1, 2026

VIRT$57.75+2.0%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Cash Flows (Unaudited)

	Three Months Ended March 31,
(in thousands)	2026	2025
Cash flows from operating activities
Net income	$346,596	$189,635
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	16,429	15,932
Amortization of purchased intangibles and acquired capitalized software	11,783	11,783
Debt issue cost related to debt refinancing and prepayment	200	—
Amortization of debt issuance costs and deferred financing fees	1,831	1,597
Termination of office leases	(16)	10
Share-based compensation	34,459	21,888
Deferred taxes	5,999	6,095
Other	9,994	6,499
Changes in operating assets and liabilities:
Securities borrowed	135,833	(485,876)
Securities purchased under agreements to resell	(655,302)	(169,149)
Receivables from broker-dealers and clearing organizations	(1,914,771)	(756,950)
Trading assets, at fair value	(2,451,630)	(918,329)
Receivables from customers	(136,067)	(39,578)
Operating lease right-of-use assets	12,434	11,816
Other assets	(70,252)	26,898
Securities loaned	245,529	395,147
Securities sold under agreements to repurchase	808,901	189,627
Payables to broker-dealers and clearing organizations	402,763	(143,428)
Payables to customers	26,498	20,620
Trading liabilities, at fair value	3,242,428	1,675,885
Operating lease liabilities	(13,669)	(13,511)
Accounts payable, accrued expenses and other liabilities	(60,119)	(31,647)
Net cash provided by (used in) operating activities	(149)	14,964
Cash flows from investing activities
Development of capitalized software	(26,041)	(23,926)
Acquisition of property and equipment	(5,608)	(5,732)
Other investing activities	(4,426)	(1,350)
Net cash provided by (used in) investing activities	(36,075)	(31,008)
Cash flows from financing activities
Dividends to stockholders and distributions from Virtu Financial to noncontrolling interest	(114,490)	(94,688)
Repurchase of Class C common stock	—	(1,566)
Purchase of treasury stock	(55,792)	(88,927)
Stock options exercised	—	2,280
Short-term borrowings, net	144,538	77,685
Proceeds from long-term borrowings	—	1,245,000
Repayment of long-term borrowings	(15,450)	(1,245,000)
Payment of tax receivable agreement obligations	(15,402)	(20,773)
Debt issuance costs	—	(5,684)
Net cash provided by (used in) financing activities	(56,596)	(131,673)
Effect of exchange rate changes on cash and cash equivalents	(3,420)	4,740
Net increase (decrease) in cash and cash equivalents	(96,240)	(142,977)
Cash, cash equivalents, and restricted or segregated cash, beginning of period	1,126,441	913,991
Cash, cash equivalents, and restricted or segregated cash, end of period	$1,030,201	$771,014
Supplementary disclosure of cash flow information
Cash paid for interest	$165,042	$133,920

Condensed Consolidated Statements of Cash Flows (Unaudited)

	Three Months Ended March 31,
(in thousands)	2026	2025
Cash paid for taxes	11,947	11,918
Non-cash investing activities
Share-based and accrued incentive compensation to developers relating to capitalized software	12,778	5,746
Non-cash financing activities
Repurchase of Class C common stock	—	921
Purchase of treasury stock	—	166

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.