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Virtu Financial
(NYSE:VIRT)
Virtu Financial (VIRT) vs. SPDR S&P 500 ETF (SPY)
Virtu Financial Business Overview & Revenue Model
Virtu Financial Earnings Call Summary
Virtu Financial Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.50B | 2.88B | 2.29B | 2.36B | 2.81B | 3.24B |
| Gross Profit | 506.55M | 1.77B | 1.39B | 1.35B | 1.69B | 2.09B |
| EBITDA | 3.10B | 1.39B | 1.05B | 1.01B | 1.35B | 1.74B |
| Net Income | 1.87B | 276.42M | 142.04M | 265.03M | 476.88M | 649.20M |
Balance Sheet | ||||||
| Total Assets | 21.27B | 15.36B | 14.47B | 10.58B | 10.32B | 9.97B |
| Cash, Cash Equivalents and Short-Term Investments | 707.87M | 872.51M | 820.44M | 981.58M | 1.07B | 889.56M |
| Total Debt | 316.08M | 5.71B | 6.93B | 3.73B | 3.60B | 3.43B |
| Total Liabilities | 19.57B | 13.87B | 13.06B | 8.93B | 8.46B | 8.11B |
| Stockholders Equity | 1.70B | 1.25B | 1.20B | 1.34B | 1.55B | 1.47B |
Cash Flow | ||||||
| Free Cash Flow | 384.28M | 544.68M | 454.00M | 679.60M | 1.15B | 1.03B |
| Operating Cash Flow | 469.21M | 598.99M | 491.78M | 706.80M | 1.17B | 1.06B |
| Investing Cash Flow | -17.57M | -61.85M | -94.48M | -29.53M | -87.35M | -2.56M |
| Financing Cash Flow | -404.55M | -469.56M | -585.03M | -735.75M | -957.86M | -839.92M |
Virtu Financial Technical Analysis
Virtu Financial Risk Analysis
Virtu Financial Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | $5.32B | 7.55 | 29.43% | 2.76% | 27.66% | 131.25% | |
| ― | $5.65B | 26.94 | 19.30% | 1.77% | 12.49% | 36.43% | |
| ― | $5.10B | 21.19 | 51.98% | 3.82% | 51.19% | 456.59% | |
| ― | $5.98B | 26.93 | 16.41% | 1.89% | 8.30% | -14.39% | |
| ― | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
| ― | $5.61B | 27.66 | 106.47% | 0.62% | 18.40% | 54.77% | |
| ― | $4.51B | 15.67 | 16.01% | ― | 53.19% | 23.89% |
Virtu Financial Corporate Events
Virtu Financial, Inc. is a prominent financial services firm that utilizes advanced technology to provide transparent trading solutions and liquidity to global markets. The company operates in the financial services sector, offering a range of products including execution, liquidity sourcing, and analytics across multiple asset classes.
In the recent earnings call, Virtu Financial Inc. showcased a mixed sentiment, highlighting strong performances in Market Making and Virtu Execution Services (VES), alongside significant growth in the crypto and options sectors. However, the call also addressed challenges such as a decline in Market Making revenue and a strategic pivot away from share repurchases, as the company aims to expand its capital base to seize new growth opportunities.
On September 30, 2025, Virtu Financial, Inc. announced a new amended and restated employment agreement with Aaron Simons, who continues as the Chief Executive Officer. The agreement, effective from August 1, 2025, includes an increased base salary and bonus opportunities for Mr. Simons, reflecting his new role since August 1, 2025. The agreement outlines various compensation structures, including equity awards and a sign-on bonus, and details conditions for termination benefits. This move is significant for Virtu Financial as it aligns leadership compensation with company performance goals and ensures stability in executive management, potentially impacting the company’s strategic direction and stakeholder confidence.
The most recent analyst rating on (VIRT) stock is a Sell with a $35.00 price target. To see the full list of analyst forecasts on Virtu Financial stock, see the VIRT Stock Forecast page.
On September 23, 2025, Virtu Financial, Inc. announced the successful pricing and closure of $300 million in incremental term loans, increasing its total term loan balance to $1,545 million. These loans, which bear interest at Term SOFR plus 250 basis points, will mature on June 21, 2031, and are intended for general corporate purposes. This financial maneuver is expected to enhance Virtu’s operational capabilities and strengthen its market position.
The most recent analyst rating on (VIRT) stock is a Buy with a $49.00 price target. To see the full list of analyst forecasts on Virtu Financial stock, see the VIRT Stock Forecast page.
On July 30, 2025, Virtu Financial announced that Aaron Simons, the current Chief Technology Officer, will be appointed as the new Chief Executive Officer effective August 1, 2025, succeeding Douglas A. Cifu. Mr. Cifu will transition to a consultant role until the end of the year to ensure a smooth transition. This leadership change is part of Virtu’s long-term planning and reflects the company’s confidence in Mr. Simons’ leadership and vision to continue building on the company’s momentum and strategic direction. Mr. Simons, who has been with Virtu since 2008, brings extensive experience in technology and trading, which is expected to benefit Virtu’s operations and market positioning.
The most recent analyst rating on (VIRT) stock is a Hold with a $34.00 price target. To see the full list of analyst forecasts on Virtu Financial stock, see the VIRT Stock Forecast page.
Virtu Financial Inc. is a prominent financial services provider, specializing in leveraging advanced technology to offer innovative trading solutions and liquidity to global markets. In its latest earnings report for the second quarter of 2025, Virtu Financial Inc. announced a significant increase in net income and revenue, showcasing robust financial performance. The company reported a net income of $293.0 million and total revenues of $999.6 million, marking a 44.2% increase from the same period in 2024. Key financial metrics include a 53.1% rise in trading income and a 69.8% increase in Adjusted EBITDA, reflecting strong operational efficiency. The company also declared a quarterly cash dividend of $0.24 per share. Looking ahead, Virtu Financial Inc. remains focused on maintaining its technological edge and market position, while navigating potential market fluctuations and regulatory changes.
Virtu Financial’s recent earnings call revealed a generally positive sentiment, underscored by strong performance metrics and growth in key areas such as ETFs and digital assets. The company celebrated a successful leadership transition, although some concerns were raised about market penetration and regulatory uncertainties. Despite these challenges, the overall outlook remains optimistic.