Virtu Financial, Inc. (VIRT) Balance Sheet
VIRT balance sheet, 2025
December 31, 2025 · U.S. dollars$20.15B assets = $18.18B liabilities + $1.97B equity
Both columns are drawn to the same scale: what VIRT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
VIRT financial health
Descriptive bands, not a rating. Fiscal 2025.
VIRT balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $3.69B2016 | $20.15B2025 | +20.7%/yr | |
| Total liabilities | $3.16B2016 | $18.18B2025 | +21.5%/yr | |
| Shareholders’ equity | $145.7M2016 | $1.58B2025 | +30.3%/yr | |
| Cash & short-term investments | $181.4M2016 | $1.06B2025 | +21.7%/yr | |
| Total debt | $812.2M2016 | $8.98B2025 | +30.6%/yr | |
| Net cash (debt) | −$630.7M2016 | −$7.92B2025 | −$7.3B | |
| Working capital | −$391.5M2016 | $1.30B2025 | +$1.7B | |
| Book value per share | $3.782016 | $18.552025 | +19.3%/yr | |
| Current ratio | 0.622016 | 1.692025 | +1.07 | |
| Debt / equity | 5.582016 | 5.672025 | +0.10 | |
| Shares outstanding | 38.5M2016 | 85.3M2025 | +9.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
VIRT assets
VIRT liabilities and equity
VIRT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
VIRT balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.06B | $872.5M | $820.4M | $981.6M | $1.07B | $889.6M | $732.2M | $729.5M | $532.9M | $181.4M |
| Cash & equivalents | $1.06B | $872.5M | $820.4M | $981.6M | $1.07B | $889.6M | $732.2M | $729.5M | $532.9M | $181.4M |
| Short-term investments | — | — | — | $4.63B | $4.26B | $3.12B | $2.77B | $2.64B | $2.83B | $1.96B |
| Receivables | $2.06B | $1.25B | $844.0M | $1.20B | $1.17B | $1.90B | $1.42B | $1.11B | $972.0M | $448.7M |
| Inventory | $0 | $0 | $2.62B | $3.53B | $3.73B | $4.53B | $4.20B | $2.64B | $2.83B | $1.96B |
| Other current assets | $64.7M | $46.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $3.18B | $2.17B | $1.70B | $2.23B | $2.29B | $2.91B | $2.20B | $1.85B | $1.56B | $630.1M |
| Property, plant & equipment (net) | $310.1M | $266.5M | $329.9M | $272.6M | $314.9M | $382.5M | $430.6M | $113.3M | $137.0M | $29.7M |
| Goodwill & intangible assets | $1.30B | $1.35B | $1.41B | $1.47B | $1.54B | $1.60B | $1.68B | $920.6M | $956.1M | $716.4M |
| Long-term investments | $14.63B | $11.08B | $10.59B | $1.52B | $1.47B | $1.45B | $4.84B | $4.06B | $4.18B | $2.05B |
| Other non-current assets | $725.3M | $492.8M | $437.5M | $5.08B | $4.71B | $3.63B | $467.3M | $443.9M | $483.1M | $268.3M |
| Total assets | $20.15B | $15.36B | $14.47B | $10.58B | $10.32B | $9.97B | $9.61B | $7.38B | $7.32B | $3.69B |
| Liabilities | ||||||||||
| Accounts payable | $1.69B | $1.52B | $1.64B | $769.0M | $1.08B | $1.49B | $1.32B | $862.4M | $1.08B | $765.3M |
| Short-term debt | $12.4M | $38.5M | $1.80B | $3.9M | $61.5M | $64.7M | $73.5M | $15.1M | $27.9M | $25.0M |
| Deferred revenue | — | — | — | — | — | — | −$697.9M | $214.4M | −$176.8M | $832.1M |
| Total current liabilities | $1.89B | $1.76B | $1.86B | $1.01B | $1.41B | $1.82B | $1.66B | $1.09B | $1.25B | $1.02B |
| Long-term debt | $8.70B | $5.44B | $3.06B | $1.80B | $1.61B | $1.64B | $1.92B | $907.0M | $1.39B | $565.0M |
| Lease obligations | $261.2M | $229.8M | $278.3M | $239.2M | $278.7M | $315.3M | $365.4M | — | — | — |
| Other long-term liabilities | $7.59B | $6.67B | $8.15B | $6.12B | $5.45B | $4.65B | $4.80B | $3.89B | $3.53B | $1.57B |
| Total liabilities | $18.18B | $13.87B | $13.06B | $8.93B | $8.46B | $8.11B | $8.38B | $5.89B | $6.17B | $3.16B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $155.5M | $155.5M |
| Retained earnings (deficit) | $1.52B | $1.17B | $1.00B | $972.3M | $830.5M | $422.4M | −$90.4M | $96.5M | −$62.1M | −$1.3M |
| Treasury stock | — | — | — | — | — | — | −$55.0M | −$55.0M | −$11.0M | −$8.4M |
| Accumulated other comprehensive income | −$3.0M | −$7.1M | $17.0M | $31.6M | −$10.2M | −$25.5M | −$647,000 | −$82,000 | $3.0M | −$252,000 |
| Minority interest | $391.1M | $233.2M | $202.6M | $309.5M | $314.2M | $386.5M | $297.6M | $442.8M | $321.0M | $388.7M |
| Total shareholders' equity | $1.58B | $1.25B | $1.20B | $1.34B | $1.55B | $1.47B | $931.4M | $1.05B | $830.6M | $145.7M |
| Key figures | ||||||||||
| Total debt | $8.98B | $5.71B | $6.93B | $3.73B | $3.60B | $3.43B | $4.30B | $2.33B | $2.56B | $812.2M |
| Net cash (debt) | −$7.92B | −$4.84B | −$6.11B | −$2.75B | −$2.53B | −$2.54B | −$3.57B | −$1.60B | −$2.03B | −$630.7M |
| Working capital | $1.30B | $409.8M | −$159.3M | $1.22B | $889.0M | $1.08B | $537.0M | $756.1M | $310.0M | −$391.5M |
| Tangible book value | $278.4M | −$97.9M | −$203.7M | −$128.5M | $14.1M | −$134.9M | −$747.2M | $131.3M | −$125.5M | −$570.7M |
| Book value per share | $18.55 | $14.28 | $12.78 | $12.85 | $13.08 | $12.00 | $8.18 | $10.30 | $13.27 | $3.78 |
| Shares outstanding | 85.3M | 87.8M | 94.1M | 104.4M | 118.4M | 122.3M | 113.9M | 102.1M | 62.6M | 38.5M |
| Current ratio | 1.69 | 1.23 | 0.91 | 2.21 | 1.63 | 1.59 | 1.32 | 1.69 | 1.25 | 0.62 |
| Quick ratio | 1.65 | 1.21 | 0.90 | 2.15 | 1.60 | 1.53 | 1.30 | 1.69 | 1.20 | 0.62 |
| Debt / equity | 5.67 | 4.55 | 5.76 | 2.78 | 2.32 | 2.33 | 4.61 | 2.22 | 3.08 | 5.58 |
| Equity / assets | 7.9% | 8.2% | 8.3% | 12.7% | 15.0% | 14.7% | 9.7% | 14.3% | 11.3% | 3.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.07B | $973.2M | $1.06B | $707.9M | $752.1M | $723.6M | $872.5M | $701.4M | $684.8M | $399.6M | $820.4M | $688.8M |
| Cash & equivalents | $1.07B | $973.2M | $1.06B | $707.9M | $752.1M | $723.6M | $872.5M | $701.4M | $684.8M | $399.6M | $820.4M | $688.8M |
| Short-term investments | — | — | — | — | — | — | — | — | −$9.85B | — | — | $8.29B |
| Receivables | $3.52B | $4.11B | $2.06B | $2.83B | $1.70B | $2.05B | $1.25B | $1.36B | $1.03B | $1.39B | $844.0M | $1.84B |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.37B | $2.69B | $0 | $0 | $4.18B |
| Other current assets | $20.58B | $57.0M | $64.7M | $47.5M | $37.7M | $51.9M | $46.1M | $0 | $0 | $29.8M | $35.0M | $0 |
| Total current assets | $25.17B | $5.14B | $3.18B | $3.58B | $2.49B | $2.82B | $2.17B | $2.11B | $1.75B | $1.82B | $1.70B | $2.57B |
| Property, plant & equipment (net) | $325.0M | $304.9M | $310.1M | $239.2M | $249.0M | $256.0M | $266.5M | $284.2M | $296.0M | $310.1M | $329.9M | $253.9M |
| Goodwill & intangible assets | $1.28B | $1.29B | $1.30B | $1.32B | $1.33B | $1.34B | $1.35B | $1.36B | $1.38B | $1.39B | $1.41B | $1.42B |
| Long-term investments | $20.49B | $17.68B | $14.63B | $15.29B | $14.64B | $12.64B | $11.08B | $10.19B | $10.04B | $8.71B | $10.59B | $4.65B |
| Other non-current assets | $0 | $699.1M | $725.3M | $843.5M | $581.1M | $492.7M | $492.8M | $455.2M | $471.7M | $561.7M | $437.5M | $8.72B |
| Total assets | $27.48B | $25.12B | $20.15B | $21.27B | $19.28B | $17.55B | $15.36B | $14.40B | $13.93B | $12.79B | $14.47B | $17.62B |
| Liabilities | ||||||||||||
| Accounts payable | $1.04B | $2.04B | $1.69B | $2.38B | $1.82B | $1.33B | $1.52B | $1.19B | $1.33B | $872.1M | $1.64B | $1.03B |
| Short-term debt | $353.9M | $155.0M | $12.4M | $122.0M | $251.8M | $112.1M | $38.5M | $128.8M | $73.7M | $138.2M | $1.80B | $97.2M |
| Deferred revenue | — | — | — | — | — | — | — | $196.3M | $196.3M | $229.7M | — | — |
| Total current liabilities | $22.70B | $2.36B | $1.89B | $2.68B | $2.25B | $1.62B | $1.76B | $1.51B | $1.60B | $1.21B | $1.86B | $1.34B |
| Long-term debt | $10.17B | $9.75B | $8.70B | $8.03B | $8.48B | $7.52B | $5.44B | $6.21B | $5.67B | $4.56B | $3.06B | $3.24B |
| Lease obligations | $253.2M | $247.5M | $261.2M | $194.1M | $207.6M | $216.3M | $229.8M | $236.3M | $248.2M | $260.5M | $278.3M | $211.2M |
| Other long-term liabilities | $0 | $10.80B | $7.59B | $8.86B | $6.92B | $6.84B | $6.67B | $5.26B | $5.23B | $5.59B | $8.15B | $11.53B |
| Total liabilities | $25.15B | $22.92B | $18.18B | $19.57B | $17.65B | $15.99B | $13.87B | $12.98B | $12.50B | $11.37B | $13.06B | $16.11B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1,000 | $1,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 |
| Retained earnings (deficit) | $1.75B | $1.62B | $1.52B | $1.40B | $1.36B | $1.23B | $1.17B | $1.10B | $1.06B | $1.02B | $1.00B | $1.02B |
| Accumulated other comprehensive income | −$5.8M | −$5.0M | −$3.0M | $832,000 | $2.2M | −$5.6M | −$7.1M | $964,000 | $8.7M | $15.9M | $17.0M | $24.3M |
| Minority interest | $457.2M | $461.6M | $391.1M | $245.9M | $226.0M | — | — | — | — | — | — | — |
| Total shareholders' equity | $1.87B | $1.73B | $1.58B | $1.45B | $1.41B | $1.31B | $1.25B | $1.23B | $1.23B | $1.21B | $1.20B | $1.27B |
| Key figures | ||||||||||||
| Total debt | $2.63B | $10.16B | $8.98B | $8.35B | $8.94B | $7.85B | $5.71B | $6.57B | $5.99B | $5.80B | $6.93B | $8.21B |
| Net cash (debt) | −$1.56B | −$9.18B | −$7.92B | −$7.64B | −$8.19B | −$7.12B | −$4.84B | −$5.87B | −$5.31B | −$5.40B | −$6.11B | −$7.52B |
| Working capital | $2.47B | $2.78B | $1.30B | $900.2M | $234.9M | $1.20B | $409.8M | $593.2M | $151.6M | $611.9M | −$159.3M | $1.23B |
| Tangible book value | $587.5M | $442.9M | $278.4M | $139.3M | $79.9M | −$29.3M | −$97.9M | −$131.5M | −$144.8M | −$180.0M | −$203.7M | −$157.1M |
| Book value per share | $21.46 | $20.15 | $18.63 | $17.02 | $16.45 | $15.22 | $14.57 | $14.08 | $13.93 | $13.61 | $13.33 | $13.55 |
| Shares outstanding | 87.0M | 86.1M | 84.9M | 85.5M | 85.5M | 86.0M | 86.1M | 87.5M | 88.4M | 89.0M | 90.2M | 93.4M |
| Current ratio | 1.11 | 2.18 | 1.69 | 1.34 | 1.10 | 1.74 | 1.23 | 1.39 | 1.09 | 1.51 | 0.91 | 1.92 |
| Quick ratio | 0.20 | 2.15 | 1.65 | 1.32 | 1.09 | 1.71 | 1.21 | 1.36 | 1.07 | 1.48 | 0.90 | 1.89 |
| Debt / equity | 1.41 | 5.85 | 5.67 | 5.74 | 6.35 | 5.99 | 4.55 | 5.33 | 4.87 | 4.79 | 5.76 | 6.49 |
| Equity / assets | 6.8% | 6.9% | 7.9% | 6.8% | 7.3% | 7.5% | 8.2% | 8.6% | 8.8% | 9.5% | 8.3% | 7.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 20, 2026); data from EODHD.
VIRT financial position
At the end of fiscal 2025 (December 31, 2025), Virtu Financial had total assets of $20.2 billion (up 31.2% from a year earlier), total liabilities of $18.2 billion and shareholders' equity of $1.6 billion. It held $1.1 billion in cash and short-term investments against $9.0 billion of debt, net debt of $7.9 billion. Its current ratio was 1.69. In the latest quarter (ended June 30, 2026) total assets were $27.5 billion and equity $1.9 billion.
Related: VIRT income statement, VIRT cash flow statement, VIRT key metrics. See the VIRT stock overview for the latest quote and news.
VIRT balance sheet FAQ
What are Virtu Financial's total assets?
Virtu Financial reported total assets of $20.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $15.4 billion a year earlier.
How much debt does Virtu Financial have?
Virtu Financial had $9.0 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 5.67.
How much cash does Virtu Financial have?
Virtu Financial held $1.1 billion in cash and short-term investments at the end of fiscal 2025; with $9.0 billion of debt that is net debt of $7.9 billion.
What is Virtu Financial's book value?
Virtu Financial's shareholders' equity (book value) was $1.6 billion at the end of fiscal 2025, or $18.55 per share.
What is Virtu Financial's current ratio?
Virtu Financial had current assets of $3.2 billion and current liabilities of $1.9 billion, a current ratio of 1.69 (it can cover its short-term obligations).
How much goodwill does Virtu Financial have?
Virtu Financial carried $1.3 billion of goodwill and intangible assets, 6.5% of total assets, at the end of fiscal 2025.