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Parent Company (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract] |
Condensed Statements of Financial Condition | Virtu Financial, Inc. (Parent Company Only) Statements of Financial Condition
(In thousands except interest data) | December 31, 2025 |  | December 31, 2024
Assets |  |  |
Cash | $ | 116,534 |  |  | $ | 30,369 |
Deferred tax asset | 88,644 |  |  | 131,568 |
Investment in subsidiary | 3,305,034 |  |  | 3,039,061 |
Other assets | — |  |  | 18,942 |
Total assets | $ | 3,510,212 |  |  | $ | 3,219,940 |
Liabilities, redeemable membership interest and equity |  |  |
Liabilities |  |  |
Payable to affiliate | $ | 1,743,480 |  |  | $ | 1,741,974 |
Accounts payable and accrued expenses and other liabilities | 598 |  |  | 25,200 |
Deferred tax liabilities | 2,000 |  |  | 2,000 |
Tax receivable agreement obligations | 181,855 |  |  | 196,592 |
Total liabilities | 1,927,933 |  |  | 1,965,766 |
Virtu Financial Inc. Stockholders' equity |  |  |
Class A common stock (par value $0.00001), Authorized — 1,000,000,000 and 1,000,000,000 shares, Issued — 140,877,669 and 137,479,751 shares, Outstanding — 84,919,931 and 84,976,325 shares at December 31, 2025 and December 31, 2024, respectively | 1 |  |  | 1 |
Class B common stock (par value $0.00001), Authorized — 175,000,000 and 175,000,000 shares, Issued and Outstanding — 0 and 0 shares at December 31, 2025 and December 31, 2024, respectively | — |  |  | — |
Class C common stock (par value $0.00001), Authorized — 90,000,000 and 90,000,000 shares, Issued and Outstanding — 7,970,185 and 8,561,970 shares at December 31, 2025 and December 31, 2024, respectively | — |  |  | — |
Class D common stock (par value $0.00001), Authorized — 175,000,000 and 175,000,000 shares, Issued and Outstanding — 60,091,740 and 60,091,740 shares at December 31, 2025 and December 31, 2024, respectively | 1 |  |  | 1 |
Treasury stock, at cost, 55,957,738 and 52,503,426 shares at December 31, 2025 and December 31, 2024, respectively | (1,475,666) |  |  | (1,339,913) |
Additional paid-in capital | 1,541,684 |  |  | 1,432,240 |
Retained earnings | 1,519,270 |  |  | 1,168,908 |
Accumulated other comprehensive income (loss) | (3,011) |  |  | (7,063) |
Total Virtu Financial Inc. stockholders' equity | 1,582,279 |  |  | 1,254,174 |
Total liabilities and stockholders' equity | $ | 3,510,212 |  |  | $ | 3,219,940 |
Condensed Statements of Comprehensive Income | Virtu Financial, Inc. (Parent Company Only) Statements of Comprehensive Income
| Years Ended December 31,
(in thousands) | 2025 |  | 2024 |  | 2023
Revenues: |  |  |  |  |
Other Income | $ | — |  |  | $ | — |  |  | $ | — |
| — |  |  | — |  |  | — |
Operating Expenses: |  |  |  |  |
Operations and administrative | (1,801) |  |  | (142) |  |  | (213) |
Income (loss) before equity in income of subsidiary | 1,801 |  |  | 142 |  |  | 213 |
Equity in income (loss) of subsidiary, net of tax | 466,560 |  |  | 534,393 |  |  | 263,708 |
Net income (loss) | $ | 468,361 |  |  | $ | 534,535 |  |  | $ | 263,921 |
Net income (loss) attributable to common stockholders | $ | 468,361 |  |  | $ | 534,535 |  |  | $ | 263,921 |
Other comprehensive income (loss): |  |  |  |  |
Foreign currency translation adjustment, net of taxes | 8,995 |  |  | (5,637) |  |  | 6,952 |
Net change in unrealized cash flow hedges gains (losses), net of taxes | (4,943) |  |  | (18,473) |  |  | (21,509) |
Comprehensive income (loss) | $ | 472,413 |  |  | $ | 510,425 |  |  | $ | 249,364 |
Condensed Statements of Cash Flows | Virtu Financial, Inc. (Parent Company Only) Statements of Cash Flows
| Years Ended December 31,
(in thousands) | 2025 |  | 2024 |  | 2023
Cash flows from operating activities |  |  |  |  |
Net income | $ | 468,361 |  |  | $ | 534,535 |  |  | $ | 263,921 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Equity in income of subsidiary, net of tax | 34,005 |  |  | (139,113) |  |  | 223,376 |
Tax receivable agreement obligation reduction | 6,036 |  |  | 338 |  |  | 997 |
Deferred taxes | 42,924 |  |  | (1,224) |  |  | 8,795 |
Changes in operating assets and liabilities: | (4,179) |  |  | 50,878 |  |  | 1,129 |
Net cash provided by operating activities | 547,147 |  |  | 445,414 |  |  | 498,218 |
Cash flows from investing activities |  |  |  |  |
Investments in subsidiaries, equity basis | 99,498 |  |  | 67,741 |  |  | 66,644 |
Net cash provided by investing activities | 99,498 |  |  | 67,741 |  |  | 66,644 |
Cash flows from financing activities |  |  |  |  |
Dividends to stockholders and distributions from Virtu Financial to noncontrolling interest | (349,347) |  |  | (299,403) |  |  | (306,136) |
Repurchase of Class C common stock | (1,566) |  |  | — |  |  | (1,566) |
Purchase of treasury stock | (188,794) |  |  | (191,138) |  |  | (229,012) |
Tax receivable agreement obligations | (20,773) |  |  | (20,226) |  |  | (23,275) |
Issuance of common stock in connection with secondary offering, net of offering costs | — |  |  | — |  |  | — |
Net cash used in financing activities | (560,480) |  |  | (510,767) |  |  | (559,989) |
Net increase (decrease) in Cash | 86,165 |  |  | 2,388 |  |  | 4,873 |
Cash, beginning of period | 30,369 |  |  | 27,981 |  |  | 23,108 |
Cash, end of period | $ | 116,534 |  |  | $ | 30,369 |  |  | $ | 27,981 |
Supplemental disclosure of cash flow information: |  |  |  |  |
Taxes paid | $ | 67,427 |  |  | $ | 10,675 |  |  | $ | 14,957 |
Non-cash financing activities |  |  |  |  |
Tax receivable agreement described in Note 5 | (4,497) |  |  | (209) |  |  | (3,787) |
Repurchase of Class C common stock | (1,018) |  |  | (76) |  |  | (2,330) |
Purchase of treasury stock | (406) |  |  | (1,340) |  |  | — |

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