Virtu Financial, Inc.
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
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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.
Sep 30, 2026 · Filed Nov 6, 2026
VIRT$57.75+2.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (Unaudited)
| Nine Months Ended September 30, | ||
|---|---|---|
| (in thousands) | 2026 | 2025 |
| Cash flows from operating activities | ||
| Net income | $914,067 | $631,662 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 56,543 | 46,951 |
| Amortization of purchased intangibles and acquired capitalized software | 35,349 | 35,349 |
| Debt issue cost related to debt refinancing and prepayment | 200 | — |
| Amortization of debt issuance costs and deferred financing fees | 6,025 | 5,160 |
| Termination of office leases | 826 | (6,489) |
| Share-based compensation | 101,625 | 71,341 |
| Deferred taxes | 16,883 | 18,778 |
| Gain on sale of RFQ-hub | — | (66,988) |
| Other | 7,423 | (8,973) |
| Changes in operating assets and liabilities: | ||
| Securities borrowed | (374,681) | (804,137) |
| Securities purchased under agreements to resell | (741,255) | (282,165) |
| Receivables from broker-dealers and clearing organizations | (1,170,286) | (1,532,797) |
| Trading assets, at fair value | (3,220,607) | (3,139,619) |
| Receivables from customers | (59,140) | (42,659) |
| Operating lease right-of-use assets | (6,510) | 30,196 |
| Other assets | (167,833) | (306,953) |
| Securities loaned | 531,143 | 541,645 |
| Securities sold under agreements to repurchase | 686,891 | 4,889 |
| Payables to broker-dealers and clearing organizations | 466,416 | 760,535 |
| Payables to customers | 20,644 | 32,832 |
| Trading liabilities, at fair value | 3,087,031 | 3,965,479 |
| Operating lease liabilities | 3,794 | (35,732) |
| Accounts payable, accrued expenses and other liabilities | 266,522 | 90,697 |
| Net cash provided by (used in) operating activities | 461,070 | 9,002 |
| Cash flows from investing activities | ||
| Development of capitalized software | (37,562) | (35,145) |
| Acquisition of property and equipment | (87,804) | (18,945) |
| Proceeds from sale of RFQ-hub | — | 37,932 |
| Other investing activities | (26,680) | (21,625) |
| Net cash provided by (used in) investing activities | (152,046) | (37,783) |
| Cash flows from financing activities | ||
| Dividends to stockholders and distributions from Virtu Financial to noncontrolling interest | (406,649) | (326,688) |
| Repurchase of Class C common stock | — | (1,566) |
| Purchase of treasury stock | (64,563) | (188,325) |
| Stock options exercised | — | 15,461 |
| Short-term borrowings, net | 172,618 | 86,459 |
| Proceeds from long-term borrowings | 498,750 | 1,545,000 |
| Repayment of long-term borrowings | (15,450) | (1,245,000) |
| Payment of tax receivable agreement obligations | (20,983) | (20,773) |
| Debt issuance costs | (6,565) | (8,930) |
| Repayment of finance lease liabilities | (10,638) | — |
| Net cash provided by (used in) financing activities | 146,520 | (144,362) |
| Effect of exchange rate changes on cash and cash equivalents | (6,602) | 14,564 |
| Net increase (decrease) in cash and cash equivalents | 448,942 | (158,579) |
| 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 | $1,575,383 | $755,412 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
| Nine Months Ended September 30, | ||
|---|---|---|
| (in thousands) | 2026 | 2025 |
| Supplementary disclosure of cash flow information | ||
| Cash paid for interest | $584,946 | $472,179 |
| Cash paid for taxes | 149,878 | 90,258 |
| Non-cash investing activities | ||
| Share-based and accrued incentive compensation to developers relating to capitalized software | 31,261 | 14,595 |
| Non-cash financing activities | ||
| Tax receivable agreement described in Note 5 | (12,218) | — |
| Repurchase of Class C common stock | (230) | (1,018) |
| Purchase of treasury stock | — | (411) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.