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Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 684,806 $ 820,436
Cash restricted or segregated under regulations and other 31,857 35,024
Securities borrowed 1,918,973 1,722,440
Securities purchased under agreements to resell 793,292 1,512,114
Receivables from broker-dealers and clearing organizations ($27,682 and $— at fair value, as of June 30, 2024 and December 31, 2023, respectively) 902,867 737,724
Trading assets, at fair value:    
Receivables from customers 124,769 106,245
Property, equipment and capitalized software (net of accumulated depreciation of $352,877 and $367,779 as of June 30, 2024 and December 31, 2023, respectively) 95,076 100,365
Operating lease right-of-use assets 200,926 229,499
Goodwill 1,148,926 1,148,926
Intangibles (net of accumulated amortization of $404,829 and $381,973 as of June 30, 2024 and December 31, 2023, respectively) 226,819 257,520
Deferred tax assets 125,183 133,760
Assets of business held for sale 4,485 0
Other assets ($112,137 and $84,521, at fair value, as of June 30, 2024 and December 31, 2023, respectively) 341,949 303,720
Total assets 13,929,358 14,466,384
Liabilities    
Short-term borrowings 73,692 0
Securities loaned 1,557,661 1,329,446
Securities sold under agreements to repurchase 1,072,043 1,795,994
Payables to broker-dealers and clearing organizations ($43,768 and $7,661, at fair value, as of June 30, 2024 and December 31, 2023, respectively) 843,112 1,167,712
Payables to customers 58,708 23,229
Trading liabilities, at fair value:    
Financial instruments sold, not yet purchased 6,287,382 6,071,352
Tax receivable agreement obligations 196,254 216,480
Accounts payable, accrued expenses and other liabilities 423,976 451,293
Operating lease liabilities 248,217 278,317
Long-term borrowings 1,738,056 1,727,205
Liabilities of business held for sale 1,433  
Total liabilities 12,500,534 13,061,028
Commitments and Contingencies (Note 15)
Virtu Financial Inc. Stockholders' equity    
Treasury stock, at cost, 49,152,020 and 45,808,351 shares at June 30, 2024 and December 31, 2023, respectively (1,233,432) (1,166,299)
Additional paid-in capital 1,394,091 1,351,574
Retained earnings (accumulated deficit) 1,061,574 1,000,403
Accumulated other comprehensive income (loss) 8,709 17,047
Total Virtu Financial Inc. stockholders' equity 1,230,944 1,202,727
Noncontrolling interest 197,880 202,629
Total equity 1,428,824 1,405,356
Total liabilities and equity 13,929,358 14,466,384
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 5,830,029 6,127,752
Pledged    
Trading assets, at fair value:    
Financial instruments owned $ 1,499,401 $ 1,230,859