11 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 0.5% per year over the past 5 years.
Net income has grown slower than revenue (-73.1% vs 0.5% per year).
Free cash flow has declined 13.6% per year over the past 5 years.
Financial health
Total debt ($2.0B) exceeds cash ($1.1B); net debt is $978M.
Total debt has grown faster than revenue (3.7% vs 0.5% per year).
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$617M
$912264
0.0%
0.0%
0.1%
0.0%
$496M
$2.0B
$1.1B
2024
$517M
$534535
0.0%
0.0%
0.0%
0.0%
$587M
$1.7B
$873M
2023
$456M
$263921
0.0%
0.0%
0.0%
0.0%
$454M
$1.7B
$820M
2022
$530M
$468332
0.0%
0.0%
0.0%
0.0%
$680M
$1.8B
$982M
2021
$614M
$827234
0.0%
0.0%
0.1%
0.0%
$1.1B
$1.7B
$1.1B
2020
$601M
$649M
0.0%
0.0%
44.2%
6.5%
$1.0B
$1.7B
$890M
2019
$499M
-$59M
0.0%
0.0%
-6.3%
-0.6%
$159M
$2.0B
$732M
2018
$184M
$289M
0.0%
0.0%
27.5%
3.9%
$688M
$922M
$730M
2017
$117M
$3M
0.0%
0.0%
0.4%
0.0%
$272M
$1.4B
$533M
2016
$10M
$33M
0.0%
0.0%
22.6%
0.9%
$228M
$590M
$181M
2015
—
$21M
—
—
16.0%
0.6%
$244M
$539M
$163M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$180M
$151M
0.0%
0.0%
8.1%
0.5%
$98M
$2.0B
$1.1B
Mar '26
$187M
$182M
0.0%
0.0%
10.5%
0.7%
-$6M
$2.0B
$973M
Dec '25
$157M
$140M
0.0%
0.0%
8.8%
0.7%
$506M
$2.0B
$1.1B
Sep '25
$154M
$78M
0.0%
0.0%
5.3%
0.4%
-$77M
$2.0B
$708M
Jun '25
$154M
$151M
0.0%
0.0%
10.7%
0.8%
$58M
$1.7B
$752M
Mar '25
$151M
$100M
0.0%
0.0%
7.6%
0.6%
$9M
$1.7B
$724M
Dec '24
$140M
$94M
0.0%
0.0%
7.5%
0.6%
$392M
$1.7B
$873M
Sep '24
$132M
$60M
0.0%
0.0%
4.9%
0.4%
$106M
$1.7B
$701M
Jun '24
$126M
$67M
0.0%
0.0%
5.4%
0.5%
$487M
$1.7B
$685M
Mar '24
$119M
$56M
0.0%
0.0%
4.6%
0.4%
-$398M
$1.7B
$400M
Dec '23
$114M
$6M
0.0%
0.0%
0.5%
0.0%
$335M
$1.7B
$820M
Sep '23
$110M
$62M
0.0%
0.0%
4.9%
0.4%
$168M
$1.8B
$689M
Jun '23
$110M
$17M
0.0%
0.0%
1.3%
0.1%
$114M
$1.8B
$699M
Mar '23
$121M
$58M
0.0%
0.0%
4.4%
0.5%
-$162M
$1.8B
$769M
Dec '22
$118M
$28M
0.0%
0.0%
2.1%
0.3%
$407M
$1.8B
$982M
Sep '22
$121M
$40M
0.0%
0.0%
3.0%
0.4%
$229M
$1.8B
$836M
Jun '22
$136M
$85M
0.0%
0.0%
6.1%
0.7%
$309M
$1.8B
$811M
Mar '22
$155M
$112M
0.0%
0.0%
8.1%
0.9%
-$265M
$1.8B
$565M
Dec '21
$144M
$104M
0.0%
0.0%
6.7%
1.0%
$789M
$1.7B
$1.1B
Sep '21
$136M
$71M
0.0%
0.0%
4.7%
0.7%
$15M
$1.9B
$684M
Valuation over time
How the market has priced VIRT against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 3561.6× (Mar '23) to 5156.2× (Nov '26).
The price-to-sales ratio has risen from 3.1× (Mar '23) to 7.6× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is VIRT growing its revenue and profit?
Over the past 5 years, Virtu Financial, Inc.'s revenue has grown 0.5% per year, and net income declined 73.1% per year. These are computed facts, not advice.
How much debt does VIRT have?
As of FY2025, Virtu Financial, Inc. reported $2.0B of total debt against $1.1B of cash.
What is VIRT's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin 0.1%.
What is VIRT's P/E ratio?
Virtu Financial, Inc.'s P/E (TTM) is 8.54 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the VIRT stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 5156.2× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.