Virtu Financial (VIRT) financial statements
Virtu Financial reported revenue of $617M in fiscal 2025, up 57.5% a year over 9 years.
Net income was $468M.
Free cash flow was $455M, and the company returned $2M in net buybacks.
The diluted share count rose 121% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Virtu Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10M | $117M | $184M | $499M | $601M | $614M | $530M | $456M | $517M | $617M |
| Selling, general and admin | $23M | $62M | $67M | $104M | $95M | $88M | $86M | $99M | $97M | $98M |
| Interest expense | $28M | $64M | $72M | $122M | $88M | $80M | $92M | $99M | $98M | $133M |
| Pre-tax income | $180M | $113M | $696M | -$116M | $1.4B | $997M | $557M | $325M | $645M | $1.1B |
| Income tax | $21M | $94M | $76M | -$12M | $262M | $170M | $88M | $61M | $110M | $182M |
| Net income | $33M | $3M | $289M | -$59M | $649M | $477M | $265M | $142M | $276M | $468M |
| EPS (diluted) | $0.83 | $0.03 | $2.78 | -$0.53 | $5.16 | $3.91 | $2.44 | $1.42 | $2.97 | $5.13 |
| Diluted shares | 39M | 63M | 102M | 114M | 122M | 118M | 104M | 94M | 88M | 85M |
| Net margin | 318.6% | 2.5% | 157.0% | -11.8% | 108.1% | 77.6% | 50.0% | 31.2% | 53.5% | 75.9% |
Balance sheet
Fiscal years, from Virtu Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $181M | $533M | $730M | $732M | $890M | $1.1B | $982M | $820M | $873M | $1.1B |
| Property, plant and equipment | $30M | $137M | $113M | $116M | $114M | $90M | $85M | $100M | $91M | $96M |
| Goodwill | $715M | $845M | $837M | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B |
| Total assets | $3.7B | $7.3B | $7.4B | $9.6B | $10.0B | $10.3B | $10.6B | $14.5B | $15.4B | $20.2B |
| Total liabilities | $3.2B | $6.2B | $5.9B | $8.4B | $8.1B | $8.5B | $8.9B | $13.1B | $13.9B | $18.2B |
| Shareholders' equity | $146M | $831M | $1.1B | $931M | $1.5B | $1.5B | $1.3B | $1.2B | $1.3B | $1.6B |
| Net debt | -$181M | -$533M | -$730M | -$732M | -$890M | -$1.1B | -$982M | -$820M | -$873M | -$1.1B |
Cash flow
Fiscal years, from Virtu Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $240M | $291M | $715M | $169M | $1.1B | $1.2B | $707M | $492M | $599M | $518M |
| Capital spending | $20M | $33M | $48M | $58M | $60M | $60M | $65M | $76M | $54M | $63M |
| Free cash flow | $219M | $257M | $667M | $111M | $1.0B | $1.1B | $642M | $416M | $545M | $455M |
| Stock-based compensation | $23M | $26M | $32M | $72M | $60M | $56M | $67M | $64M | $75M | $100M |
| Dividends paid | $38M | $64M | $100M | $112M | $120M | — | — | — | — | — |
| Share buybacks (net) | -$5M | -$3M | -$66M | -$196,000 | $0 | -$3M | -$8M | -$2M | $0 | -$2M |
| Net borrowing | $52M | $866M | -$515M | $1.0B | -$299M | -$39M | $141M | -$77M | $53M | $274M |
| Free cash flow margin | 2118.8% | 221.0% | 361.6% | 22.3% | 166.6% | 180.9% | 121.2% | 91.2% | 105.4% | 73.7% |
| Dividends per share | $0.98 | $1.02 | $0.98 | $0.99 | $0.98 | — | — | — | — | — |
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Open VIRT in InvestinglyQuestions
What was Virtu Financial's revenue in 2025?
$617M in fiscal 2025, from its 10-K filing.
How much free cash flow does Virtu Financial generate?
$455M in fiscal 2025 (operating cash flow minus capital spending).
From Virtu Financial's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.