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
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
FCF
Total debt
Cash
2025
$617M
$912264
0.0%
0.0%
$496M
$2.0B
$1.1B
2024
$517M
$534535
0.0%
0.0%
$587M
$1.7B
$873M
2023
$456M
$263921
0.0%
0.0%
$454M
$1.7B
$820M
2022
$530M
$468332
0.0%
0.0%
$680M
$1.8B
$982M
2021
$614M
$827234
0.0%
0.0%
$1.1B
$1.7B
$1.1B
2020
$601M
$649M
0.0%
0.0%
$1.0B
$1.7B
$890M
2019
$499M
-$59M
0.0%
0.0%
$159M
$2.0B
$732M
2018
$184M
$289M
0.0%
0.0%
$688M
$922M
$730M
2017
$117M
$3M
0.0%
0.0%
$272M
$1.4B
$533M
2016
$10M
$33M
0.0%
0.0%
$228M
$590M
$181M
2015
—
$21M
—
—
$244M
$539M
$163M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
Mar '26
$187M
$182M
0.0%
0.0%
-$6M
$2.0B
$973M
Dec '25
$157M
$140M
0.0%
0.0%
$506M
$2.0B
$1.1B
Sep '25
$154M
$78M
0.0%
0.0%
-$77M
$2.0B
$708M
Jun '25
$154M
$151M
0.0%
0.0%
$58M
$1.7B
$752M
Mar '25
$151M
$100M
0.0%
0.0%
$9M
$1.7B
$724M
Dec '24
$140M
$94M
0.0%
0.0%
$392M
$1.7B
$873M
Sep '24
$132M
$60M
0.0%
0.0%
$106M
$1.7B
$701M
Jun '24
$126M
$67M
0.0%
0.0%
$487M
$1.7B
$685M
Mar '24
$119M
$56M
0.0%
0.0%
-$398M
$1.7B
$400M
Dec '23
$114M
$6M
0.0%
0.0%
$335M
$1.7B
$820M
Sep '23
$110M
$62M
0.0%
0.0%
$168M
$1.8B
$689M
Jun '23
$110M
$17M
0.0%
0.0%
$114M
$1.8B
$699M
Mar '23
$121M
$58M
0.0%
0.0%
-$162M
$1.8B
$769M
Dec '22
$118M
$28M
0.0%
0.0%
$407M
$1.8B
$982M
Sep '22
$121M
$40M
0.0%
0.0%
$229M
$1.8B
$836M
Jun '22
$136M
$85M
0.0%
0.0%
$309M
$1.8B
$811M
Mar '22
$155M
$112M
0.0%
0.0%
-$265M
$1.8B
$565M
Dec '21
$144M
$104M
0.0%
0.0%
$789M
$1.7B
$1.1B
Sep '21
$136M
$71M
0.0%
0.0%
$15M
$1.9B
$684M
Jun '21
$143M
$63M
0.0%
0.0%
$212M
$1.8B
$848M
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 3472.6× (Mar '23) to 5761.0× (Jun '26).
The price-to-sales ratio has risen from 3.1× (Mar '23) to 8.5× (Jun '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?
As of Jun '26, Virtu Financial, Inc. traded at a price-to-earnings ratio of about 5761.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. 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), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.