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Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 707,865 $ 872,513
Cash restricted or segregated under regulations and other 47,547 41,478
Securities borrowed 3,098,666 2,294,529
Securities purchased under agreements to resell 1,266,106 983,941
Receivables from broker-dealers and clearing organizations ($87,614 and $51,595 at fair value, as of September 30, 2025 and December 31, 2024, respectively) 2,633,329 1,100,850
Trading assets, at fair value:    
Receivables from customers 192,463 149,804
Property, equipment and capitalized software (net of accumulated depreciation of $419,463 and $380,202 as of September 30, 2025 and December 31, 2024, respectively) 94,396 91,415
Operating lease right-of-use assets 144,850 175,046
Goodwill 1,148,926 1,148,926
Intangibles (net of accumulated amortization of $463,809 and $428,460 as of September 30, 2025 and December 31, 2024, respectively) 166,714 203,188
Deferred tax assets 112,872 135,046
Assets of business held for sale 0 4,615
Other assets ($435,921 and $158,326, at fair value, as of September 30, 2025 and December 31, 2024, respectively) 716,071 357,740
Total assets 21,272,076 15,361,743
Liabilities    
Short-term borrowings 121,991 38,541
Securities loaned 2,973,523 2,431,878
Securities sold under agreements to repurchase 1,276,677 1,271,788
Payables to broker-dealers and clearing organizations ($446,171 and $136,736, at fair value, as of September 30, 2025 and December 31, 2024, respectively) 1,677,016 918,566
Payables to customers 78,944 46,112
Trading liabilities, at fair value:    
Financial instruments sold, not yet purchased 10,406,450 6,440,971
Tax receivable agreement obligations 175,819 196,592
Accounts payable, accrued expenses and other liabilities 627,256 558,100
Operating lease liabilities 194,093 229,825
Long-term borrowings 2,039,490 1,740,467
Liabilities of business held for sale 0 1,526
Total liabilities 19,571,259 13,874,366
Commitments and Contingencies (Note 16)
Virtu Financial Inc. Stockholders' equity    
Treasury stock, at cost, 55,957,738 and 52,503,426 shares at September 30, 2025 and December 31, 2024, respectively (1,475,671) (1,339,913)
Additional paid-in capital 1,528,094 1,432,240
Retained earnings 1,401,669 1,168,908
Accumulated other comprehensive income (loss) 832 (7,063)
Total Virtu Financial Inc. stockholders' equity 1,454,926 1,254,174
Noncontrolling interest 245,891 233,203
Total equity 1,700,817 1,487,377
Total liabilities and equity 21,272,076 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 8,434,987 5,520,015
Pledged    
Trading assets, at fair value:    
Financial instruments owned $ 2,507,284 $ 2,282,637