v3.25.2
Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 752,101 $ 872,513
Cash restricted or segregated under regulations and other 37,706 41,478
Securities borrowed 2,654,360 2,294,529
Securities purchased under agreements to resell 1,084,322 983,941
Receivables from broker-dealers and clearing organizations ($35,248 and $51,595 at fair value, as of June 30, 2025 and December 31, 2024, respectively) 1,335,968 1,100,850
Trading assets, at fair value:    
Receivables from customers 360,373 149,804
Property, equipment and capitalized software (net of accumulated depreciation of $404,945 and $380,202 as of June 30, 2025 and December 31, 2024, respectively) 92,482 91,415
Operating lease right-of-use assets 156,511 175,046
Goodwill 1,148,926 1,148,926
Intangibles (net of accumulated amortization of $452,026 and $428,460 as of June 30, 2025 and December 31, 2024, respectively) 178,497 203,188
Deferred tax assets 118,058 135,046
Assets of business held for sale 0 4,615
Other assets ($188,400 and $158,326, at fair value, as of June 30, 2025 and December 31, 2024, respectively) 436,412 357,740
Total assets 19,284,489 15,361,743
Liabilities    
Short-term borrowings 251,754 38,541
Securities loaned 3,118,350 2,431,878
Securities sold under agreements to repurchase 1,907,126 1,271,788
Payables to broker-dealers and clearing organizations ($188,320 and $136,736, at fair value, as of June 30, 2025 and December 31, 2024, respectively) 1,233,988 918,566
Payables to customers 50,470 46,112
Trading liabilities, at fair value:    
Financial instruments sold, not yet purchased 8,423,628 6,440,971
Tax receivable agreement obligations 175,819 196,592
Accounts payable, accrued expenses and other liabilities 539,197 558,100
Operating lease liabilities 207,645 229,825
Long-term borrowings 1,743,171 1,740,467
Liabilities of business held for sale 0 1,526
Total liabilities 17,651,148 13,874,366
Commitments and Contingencies (Note 16)
Virtu Financial Inc. Stockholders' equity    
Treasury stock, at cost, 55,483,151 and 52,503,426 shares at June 30, 2025 and December 31, 2024, respectively (1,454,716) (1,339,913)
Additional paid-in capital 1,504,158 1,432,240
Retained earnings 1,355,688 1,168,908
Accumulated other comprehensive income (loss) 2,233 (7,063)
Total Virtu Financial Inc. stockholders' equity 1,407,365 1,254,174
Noncontrolling interest 225,976 233,203
Total equity 1,633,341 1,487,377
Total liabilities and equity 19,284,489 15,361,743
Class A Common Stock    
Virtu Financial Inc. Stockholders' equity    
Common stock 1 1
Class B common stock    
Virtu Financial Inc. Stockholders' equity    
Common stock 0 0
Class C common stock    
Virtu Financial Inc. Stockholders' equity    
Common stock 0 0
Class D common stock    
Virtu Financial Inc. Stockholders' equity    
Common stock 1 1
Not pledged    
Trading assets, at fair value:    
Financial instruments owned 8,303,418 5,520,015
Pledged    
Trading assets, at fair value:    
Financial instruments owned $ 2,625,355 $ 2,282,637