For the year ending 2025-12-31, VIRT had $212,450K increase in cash & cash equivalents over the period. $495,584K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income | 912,264 |
| Depreciation and amortization | 64,420 |
| Amortization of purchased intangibles and acquired capitalized software | 47,132 |
| Debt issue cost related to debt refinancing and prepayment | 0 |
| Amortization of debt issuance costs and deferred financing fees | 7,136 |
| Termination of office leases | -5,982 |
| Share-based compensation | 100,403 |
| Deferred taxes | 39,273 |
| Gain on sale of rfq-hub | 66,988 |
| Other | -9,216 |
| Securities borrowed | 896,609 |
| Securities purchased under agreements to resell | 4,988 |
| Receivables from broker-dealers and clearing organizations | 795,873 |
| Trading assets, at fair value | 2,748,905 |
| Receivables from customers | 11,757 |
| Operating lease right-of-use assets | 39,126 |
| Other assets | 123,177 |
| Securities loaned | 1,045,953 |
| Securities sold under agreements to repurchase | 133,851 |
| Payables to broker-dealers and clearing organizations | 82,282 |
| Payables to customers | -3,009 |
| Trading liabilities, at fair value | 2,664,292 |
| Operating lease liabilities | 31,344 |
| Accounts payable, accrued expenses and other liabilities | 95,666 |
| Net cash provided by (used in) operating activities | 518,386 |
| Development of capitalized software | 40,697 |
| Acquisition of property and equipment | 22,802 |
| Proceeds from sale of rfq-hub | 37,932 |
| Other investing activities | 15,055 |
| Net cash provided by (used in) investing activities | -40,622 |
| Dividends to stockholders and distributions from virtu financial to noncontrolling interest | 349,347 |
| Repurchase of class c common stock | 1,566 |
| Purchase of treasury stock | 188,794 |
| Stock options exercised | 15,461 |
| Short-term borrowings, net | -26,159 |
| Proceeds from long-term borrowings | 1,545,000 |
| Repayment of long-term borrowings | 1,245,000 |
| Proceeds from interest rate swaps | 0 |
| Payment of tax receivable agreement obligations | 20,773 |
| Debt issuance costs | 9,867 |
| Net cash provided by (used in) financing activities | -281,045 |
| Effect of exchange rate changes on cash and cash equivalents | 15,731 |
| Net increase (decrease) in cash and cash equivalents | 212,450 |
| Cash, cash equivalents, and restricted or segregated cash, beginning of period | 913,991 |
| Cash, cash equivalents, and restricted or segregated cash, end of period | 1,126,441 |
Virtu Financial, Inc. (VIRT)
Virtu Financial, Inc. (VIRT)