Virtu Financial Financials
This page shows Virtu Financial (VIRT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Virtu Financial's revenue surged 25.4% year-over-year to $2.9B, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Virtu Financial has a moderate D/E ratio of 1.39. This balance of debt and equity financing earns a leverage score of 60/100.
Virtu Financial converts 20.4% of revenue into free cash flow ($586.6M). This strong cash generation earns a score of 100/100.
Virtu Financial earns a strong 22.0% return on equity (ROE), meaning it generates $22 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 88/100. This is up from 11.8% the prior year.
Virtu Financial passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 1 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Virtu Financial generates $2.17 in operating cash flow ($599.0M OCF vs $276.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Virtu Financial generated $2.9B in revenue in fiscal year 2024. This represents an increase of 25.4% from the prior year.
Virtu Financial generated $586.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 29.2% from the prior year.
Virtu Financial reported $276.4M in net income in fiscal year 2024. This represents an increase of 94.6% from the prior year.
Virtu Financial earned $2.97 per diluted share (EPS) in fiscal year 2024. This represents an increase of 109.2% from the prior year.
Virtu Financial held $872.5M in cash against $1.7B in long-term debt as of fiscal year 2024.
Virtu Financial paid $0.24 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Virtu Financial's net profit margin was 9.6% in fiscal year 2024, showing the share of revenue converted to profit. This is up 3.4 percentage points from the prior year.
Virtu Financial's ROE was 22.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 10.2 percentage points from the prior year.
Virtu Financial spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
Virtu Financial invested $12.4M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 67.1% from the prior year.
VIRT Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $824.8M-17.5% | $999.6M+19.3% | $837.9M+0.4% | $834.3M+20.4% | $693.0M+7.8% | $642.8M+19.9% | $536.0M-14.9% | $630.2M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $24.9M-3.8% | $25.9M+17.0% | $22.1M-20.0% | $27.7M+25.4% | $22.1M-1.3% | $22.3M-16.5% | $26.8M+19.4% | $22.4M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $33.3M+2.3% | $32.6M+8.9% | $29.9M+12.2% | $26.6M+13.7% | $23.4M+0.9% | $23.2M-6.3% | $24.8M-2.2% | $25.4M |
| Income Tax | $30.9M-42.8% | $54.0M+58.5% | $34.1M+28.6% | $26.5M-2.8% | $27.3M-4.4% | $28.5M+182.5% | $10.1M-50.8% | $20.5M |
| Net Income | $77.6M-48.7% | $151.2M+51.7% | $99.7M+6.0% | $94.1M+41.3% | $66.6M+19.3% | $55.8M+907.9% | $5.5M-91.1% | $61.9M |
| EPS (Diluted) | $0.86-47.9% | $1.65+52.8% | $1.08+4.9% | $1.03+45.1% | $0.71+20.3% | $0.59+742.9% | $0.07-88.9% | $0.63 |
VIRT Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $21.3B+10.3% | $19.3B+9.9% | $17.5B+14.2% | $15.4B+10.3% | $13.9B+8.9% | $12.8B-11.6% | $14.5B-17.9% | $17.6B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $707.9M-5.9% | $752.1M+3.9% | $723.6M-17.1% | $872.5M+27.4% | $684.8M+71.4% | $399.6M-51.3% | $820.4M+19.1% | $688.8M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $1.1B0.0% | $1.1B0.0% | $1.1B0.0% | $1.1B0.0% | $1.1B0.0% | $1.1B0.0% | $1.1B0.0% | $1.1B |
| Total Liabilities | $19.6B+10.9% | $17.7B+10.4% | $16.0B+15.2% | $13.9B+11.0% | $12.5B+10.0% | $11.4B-13.0% | $13.1B-18.9% | $16.1B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $2.0B+17.0% | $1.7B+0.1% | $1.7B0.0% | $1.7B+0.1% | $1.7B+0.7% | $1.7B0.0% | $1.7B-2.9% | $1.8B |
| Total Equity | $1.5B+3.4% | $1.4B+7.4% | $1.3B+4.4% | $1.3B+1.9% | $1.2B+1.6% | $1.2B+0.7% | $1.2B-4.9% | $1.3B |
| Retained Earnings | $1.4B+3.4% | $1.4B+10.4% | $1.2B+5.0% | $1.2B+10.1% | $1.1B+4.3% | $1.0B+1.7% | $1.0B-1.7% | $1.0B |
VIRT Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$68.7M-209.5% | $62.8M+319.4% | $15.0M-96.2% | $391.5M-20.2% | $490.8M+224.1% | -$395.4M-213.6% | $348.1M+104.7% | $170.1M |
| Capital Expenditures | $8.0M+53.5% | $5.2M-9.1% | $5.7M+3266.9% | -$181K-104.6% | $3.9M+39.2% | $2.8M-79.1% | $13.5M+455.5% | $2.4M |
| Free Cash Flow | -$76.7M-233.3% | $57.6M+523.4% | $9.2M-97.6% | $391.3M-19.6% | $486.9M+222.3% | -$398.2M-219.0% | $334.6M+99.6% | $167.6M |
| Investing Cash Flow | -$26.4M-234.5% | $19.6M+163.3% | -$31.0M-401.1% | -$6.2M+31.0% | -$9.0M+67.4% | -$27.5M-14.4% | -$24.0M-56.7% | -$15.3M |
| Financing Cash Flow | $63.4M+183.3% | -$76.1M+42.2% | -$131.7M+33.1% | -$196.7M-0.9% | -$195.0M-53976.5% | $362K+100.2% | -$199.7M-17.4% | -$170.2M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | $0-100.0% | $1.6M | $0 | $0 | $0-100.0% | $1.6M+469.3% | -$424K |
VIRT Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 9.4%-5.7pp | 15.1%+3.2pp | 11.9%+0.6pp | 11.3%+1.7pp | 9.6%+0.9pp | 8.7%+7.6pp | 1.0%-8.8pp | 9.8% |
| Return on Equity | 5.3%-5.4pp | 10.7%+3.1pp | 7.6%+0.1pp | 7.5%+2.1pp | 5.4%+0.8pp | 4.6%+4.2pp | 0.5%-4.4pp | 4.9% |
| Return on Assets | 0.4%-0.4pp | 0.8%+0.2pp | 0.6%-0.0pp | 0.6%+0.1pp | 0.5%+0.0pp | 0.4%+0.4pp | 0.0%-0.3pp | 0.4% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 1.40+0.2 | 1.24-0.1 | 1.33-0.1 | 1.39-0.0 | 1.41-0.0 | 1.43-0.0 | 1.44+0.0 | 1.41 |
| FCF Margin | -9.3%-15.1pp | 5.8%+4.7pp | 1.1%-45.8pp | 46.9%-23.4pp | 70.3%+132.2pp | -62.0%-124.4pp | 62.4%+35.8pp | 26.6% |
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Frequently Asked Questions
What is Virtu Financial's annual revenue?
Virtu Financial (VIRT) reported $2.9B in total revenue for fiscal year 2024. This represents a 25.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Virtu Financial's revenue growing?
Virtu Financial (VIRT) revenue grew by 25.4% year-over-year, from $2.3B to $2.9B in fiscal year 2024.
Is Virtu Financial profitable?
Yes, Virtu Financial (VIRT) reported a net income of $276.4M in fiscal year 2024, with a net profit margin of 9.6%.
What is Virtu Financial's earnings per share (EPS)?
Virtu Financial (VIRT) reported diluted earnings per share of $2.97 for fiscal year 2024. This represents a 109.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
How much debt does Virtu Financial have?
As of fiscal year 2024, Virtu Financial (VIRT) had $872.5M in cash and equivalents against $1.7B in long-term debt.
What is Virtu Financial's net profit margin?
Virtu Financial (VIRT) had a net profit margin of 9.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Virtu Financial pay dividends?
Yes, Virtu Financial (VIRT) paid $0.24 per share in dividends during fiscal year 2024.
What is Virtu Financial's return on equity (ROE)?
Virtu Financial (VIRT) has a return on equity of 22.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Virtu Financial's free cash flow?
Virtu Financial (VIRT) generated $586.6M in free cash flow during fiscal year 2024. This represents a 29.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Virtu Financial's operating cash flow?
Virtu Financial (VIRT) generated $599.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Virtu Financial's total assets?
Virtu Financial (VIRT) had $15.4B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Virtu Financial's capital expenditures?
Virtu Financial (VIRT) invested $12.4M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Virtu Financial's debt-to-equity ratio?
Virtu Financial (VIRT) had a debt-to-equity ratio of 1.39 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Virtu Financial's return on assets (ROA)?
Virtu Financial (VIRT) had a return on assets of 1.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Virtu Financial's Piotroski F-Score?
Virtu Financial (VIRT) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Virtu Financial's earnings high quality?
Virtu Financial (VIRT) has an earnings quality ratio of 2.17x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Virtu Financial?
Virtu Financial (VIRT) scores 87 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.