Company Analysis

Virtu Financial, Inc. (VIRT)

NYSE: VIRT · Security Brokers, Dealers & Flotation Companies · New York, NY · filing with the SEC since 2013
Grade4.9
◀ Past 3.3● Present 5.8▶ Future 4.9

The grade of Virtu Financial, Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.9/10
◀ Past3.325% of the headline
● Present5.845% of the headline
▶ Future4.930% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

3.3/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
1.3/10

Has it survived what it has been through?

2 warning events since 2017; the latest 2025-05-29.

weight 45% of this tense · 13th percentile among 30 sector filers · read for itself

From the record

Virtu Financial, Inc.'s filings since 2017 show 2 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2025-05-29); an auditor change (8-K item 4.01, the latest 2018-06-06) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.1/10

What has it actually done, year after year?

+20% a year over 10 filed years; profitable in 9 of 10.

weight 33% of this tense · 41st percentile among 29 sector filers · read for its customers

From the record

Virtu Financial, Inc.'s 10 filed years say what it did: revenue went from $702 million in fiscal 2016 to $3.6 billion in fiscal 2025, up 20% a year; it rose in 5 of 9 years; the deepest fall was 29% from fiscal 2020 to fiscal 2023; net income was positive in 9 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span20.0%top 34% of its family
  • the share of years revenue rosebottom 16% of its family
  • the share of filed years with a profittop 48% of its family
  • the deepest fall from a revenue peak29.2%bottom 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
6.2/10

How has it treated the people who own it?

Share count shrank 6.5% a year. 0% of cash flow returned. Insiders: 19 sales, 0 purchases.

weight 22% of this tense · 62nd percentile among 26 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Virtu Financial, Inc.'s diluted share count shrank about 6.5% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 19 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 5% of its family
  • cash returned against operating cash flowbottom 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.8/1045% of the headline grade · 3 of 3 filed

Financial health

as filed
7.0/10

Is it financially healthy right now?

ROE 46%: 46¢ of profit per shareholder dollar. Leverage 90%: owes 90¢ per asset dollar.

weight 33% of this tense · 70th percentile among 29 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Virtu Financial, Inc. earned about 46 cents of profit for every dollar of shareholders' money. Leverage: it owed about 90 cents per dollar of assets, and net share issuance: its share count shrank 2.9% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 25% of its family
  • return on equitytop 2% of its family
  • the share count against the year beforetop 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.8/10

How strong is its position in its industry?

top 42% of 29 in its family; net margin 25.1%.

weight 45% of this tense · 58th percentile among 29 sector filers · read for its customers

From the record

Virtu Financial, Inc.'s standing among 29 graded names in its industry family: revenue of $3.6 billion in fiscal 2025 ranks in the top 44% by size; a net margin of 25.1% ranks in the top 36%; revenue growth of 15.4% a year over the last 3 filed years ranks in the top 45% (its annual reports).

What it rests on

  • revenue against the family$3.63Btop 44% of its family
  • net margin25.1%top 36% of its family
  • three-year revenue growth15.4%top 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
3.7/10

What are the people in charge doing?

bottom 37% of 18 in its family for leadership; chief executive since 2025.

weight 22% of this tense · 37th percentile among 18 sector filers · read for its shareholders

From the record

Virtu Financial, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Simons, Aaron Wyatt (Chief Executive Officer, as filed), filing under that title since 2025-08-11, 1.3 years (bottom 8% of its family); the 14 officers and directors filing in the last fifteen months have been on the record a median of 8.2 years (top 31%); 6 officer or director changes were reported on Form 8-K since 2023-11-13, against the 14 people in charge now (bottom 33%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge6 in three years among 14 peoplebottom 33% of its family
  • the median years the people in charge have filed8.2 yearstop 31% of its family
  • the chief executive's years on the record1.3 yearsbottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.9/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.1/10

How much room does it have to grow?

bottom 31% of 29 in its family for room to expand.

weight 33% of this tense · 31st percentile among 29 sector filers · read for itself

From the record

Virtu Financial, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $1.1 billion against debt of $2.0 billion leaves -4.9% of its assets as net cash, bottom 16% of its family; cash from operations less capital spending is 13.6% of revenue (bottom 47%) (its annual report).

What it rests on

  • cash less debt against assets-4.9%bottom 16% of its family
  • cash from operations less capital spending against revenue13.6%bottom 47% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.6/10

What could actually drive growth from here?

bottom 46% of 29 in its family for growth drivers.

weight 33% of this tense · 46th percentile among 29 sector filers · read for its customers

From the record

Virtu Financial, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 15.4% a year over the last three filed years against 20% over all 10, slowing (bottom 24% of its family); the newest year grew 26.3% (top 30%); capital spending grew -5.7% a year (bottom 44%) (its annual reports). Virtu Financial, Inc. reported 2 lines of business in fiscal 2025: Execution Services at $566 million, Market Making at $51 million. 2 of 2 grew in the latest filed year, and the largest line is 92% of revenue (its annual report).

What it rests on

  • three-year growth against the whole span-4.7 points a yearbottom 24% of its family
  • the newest year's revenue growth26.3%top 30% of its family
  • three-year growth of capital spending-5.7%bottom 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
7.0/10

Did its newest year beat what its own record pointed to?

top 30% of 25 in its family for expectations against reality.

weight 33% of this tense · 70th percentile among 25 sector filers · read for its shareholders

From the record

Virtu Financial, Inc.'s newest year against its own record: revenue of $3.6 billion in fiscal 2025 came in 14.5% above the $3.2 billion its prior three years' pace pointed to (top 34% of its family); net income of $912 million against a prior three-year average of $422 million (top 29%); a net margin of 25.1% against 16.6% before (top 26%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace14.5%top 34% of its family
  • net income against the prior three years' average+116%top 29% of its family
  • net margin against its prior average+8.5 pointstop 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton VIRT · research, not advice