Virtu Financial, Inc.

For the period ended Jun 30, 2026. Filed Jul 31, 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.

Jun 30, 2026 · Filed Jul 31, 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)

	Six Months Ended June 30,
(in thousands)	2026	2025
Cash flows from operating activities
Net income	$631,525	$482,611
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	34,812	31,550
Amortization of purchased intangibles and acquired capitalized software	23,566	23,566
Debt issue cost related to debt refinancing and prepayment	200	—
Amortization of debt issuance costs and deferred financing fees	3,775	3,371
Termination of office leases	821	21
Share-based compensation	67,821	44,459
Deferred taxes	8,155	13,632
Gain on sale of RFQ-hub	—	(66,988)
Other	11,835	7,828
Changes in operating assets and liabilities:
Securities borrowed	(582,970)	(359,831)
Securities purchased under agreements to resell	(868,105)	(100,381)
Receivables from broker-dealers and clearing organizations	(1,311,059)	(235,436)
Trading assets, at fair value	(4,334,692)	(3,126,121)
Receivables from customers	(148,392)	(210,569)
Operating lease right-of-use assets	6,487	18,535
Other assets	(80,382)	(56,292)
Securities loaned	611,828	686,472
Securities sold under agreements to repurchase	1,214,487	635,338
Payables to broker-dealers and clearing organizations	38,095	317,135
Payables to customers	183,640	4,358
Trading liabilities, at fair value	4,464,384	1,982,657
Operating lease liabilities	(7,971)	(22,180)
Accounts payable, accrued expenses and other liabilities	149,099	3,994
Net cash provided by (used in) operating activities	116,959	77,729
Cash flows from investing activities
Development of capitalized software	(31,773)	(29,769)
Acquisition of property and equipment	(24,649)	(10,944)
Proceeds from sale of RFQ-hub	—	37,932
Other investing activities	(23,269)	(8,600)
Net cash provided by (used in) investing activities	(79,691)	(11,381)
Cash flows from financing activities
Dividends to stockholders and distributions from Virtu Financial to noncontrolling interest	(274,519)	(254,446)
Repurchase of Class C common stock	—	(1,566)
Purchase of treasury stock	(57,820)	(157,562)
Stock options exercised	—	15,461
Short-term borrowings, net	342,976	216,759
Proceeds from long-term borrowings	—	1,245,000
Repayment of long-term borrowings	(15,450)	(1,245,000)
Payment of tax receivable agreement obligations	(20,983)	(20,773)
Debt issuance costs	—	(5,684)
Net cash provided by (used in) financing activities	(25,796)	(207,811)
Effect of exchange rate changes on cash and cash equivalents	(4,900)	17,279
Net increase (decrease) in cash and cash equivalents	6,572	(124,184)
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	$1,133,013	$789,807

Condensed Consolidated Statements of Cash Flows (Unaudited)

	Six Months Ended June 30,
(in thousands)	2026	2025
Supplementary disclosure of cash flow information
Cash paid for interest	$372,072	$313,188
Cash paid for taxes	81,404	75,201
Non-cash investing activities
Share-based and accrued incentive compensation to developers relating to capitalized software	21,668	10,309
Non-cash financing activities
Tax receivable agreement described in Note 5	(12,218)	—
Repurchase of Class C common stock	—	(645)
Purchase of treasury stock	—	(356)

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.