Virtu Financial, Inc. (VIRT) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -149K | 1.1B | -68.73M | 62.77M | 14.96M | 391.48M | 112.1M | 490.82M | -395.41M | 348.09M | 170.07M | 122M | -148.38M | 416.34M | 232.84M | 312.81M | -255.19M | 797.1M | 19.08M | 221.55M |
| Operating CF Margin % | -0.01% | 113.04% | -8.33% | 6.28% | 1.79% | 46.92% | 15.86% | 70.83% | -61.51% | 64.94% | 26.99% | 24.07% | -23.92% | 83.64% | 41.5% | 51.73% | -36.39% | 112.97% | 3.51% | 40.36% |
| Operating CF Growth % | -101% | 180.04% | -161.31% | -87.21% | 103.78% | 12.47% | -34.09% | 302.32% | -166.48% | -16.39% | -26.96% | -61% | 41.85% | -47.77% | 1120.27% | 41.19% | -290.59% | 38.08% | 221.7% | -69.14% |
| Net Income | 182.31M | 664.87M | 149.05M | 292.98M | 189.63M | 176.09M | 119.02M | 128.12M | 55.82M | 5.54M | 117.59M | 29.54M | 57.88M | 27.59M | 79.88M | 148.9M | 112.26M | 104.06M | 70.51M | 108.91M |
| Depreciation & Amortization | 28.21M | 29.25M | 27.18M | 27.4M | 27.71M | 28.96M | 28.33M | 28.23M | 30.76M | 32.18M | 31.78M | 31.93M | 31.37M | 31.93M | 32.72M | 32.61M | 33.96M | 34.63M | 33.57M | 34.43M |
| Stock-Based Compensation | 34.46M | 29.06M | 26.88M | 22.57M | 21.89M | 24.53M | 17.95M | 17.96M | 15.03M | 16.82M | 15.35M | 16.17M | 15.58M | 16.38M | 18.13M | 19M | 13.71M | 17.49M | 12.93M | 12.55M |
| Deferred Taxes | 6M | 0 | 5.15M | 7.54M | 6.09M | -12.34M | 0 | 5.22M | 0 | 0 | 3.4M | 5.37M | 0 | 0 | -7.59M | 3.98M | 0 | 0 | 0 | 2.68M |
| Other Non-Cash Items | -251.13M | -371.4M | -21.52M | -63.87M | 8.11M | 22.26M | -13.25M | 11.31M | 223.24M | 1.52B | 1.22M | 8.41M | -793M | -265.9M | 7.37M | 9.16M | -1.14B | -741.17M | 98.52M | -2.63M |
| Working Capital Changes | 0 | 744.54M | -255.47M | -223.85M | -238.47M | 151.98M | -39.95M | 299.98M | -720.33M | -1.23B | 720K | 30.57M | 539.37M | 607.2M | 102.34M | 99.17M | 727.45M | 1.38B | -196.51M | 65.61M |
| Change in Receivables | 0 | 767.83M | -1.13B | 350.52M | -796.53M | 113.05M | 0 | 361.31M | -539.36M | 929.31M | -263.97M | -306.15M | -94.41M | 565.44M | -27.63M | 185.76M | -659.04M | 693.39M | -49.36M | 354.55M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -60.12M | -709.13M | 558.58M | 479.94M | -154.46M | 314.76M | -150.94M | 440.27M | 0 | 0 | -253.48M | 559.51M | 0 | 0 | -44.26M | -245.54M | 0 | 0 | 0 | -522.62M |
| Cash from Investing | -36.08M | -507.17M | -26.4M | 19.63M | -31.01M | -6.19M | -19.21M | -8.97M | -27.48M | -24.02M | -15.33M | -19.35M | -35.78M | -18.55M | -14.98M | 39.03M | -35.03M | -21.91M | -22.7M | -17.1M |
| Capital Expenditures | 0 | 0 | -8M | -5.21M | -5.73M | 0 | -5.87M | -3.92M | -2.81M | -13.48M | -2.43M | -8.07M | -13.79M | -8.85M | -4.11M | -4.29M | -9.96M | -8.24M | -3.74M | -9.1M |
| CapEx % of Revenue | - | 0.97% | 0.97% | 0.52% | 0.68% | 0.86% | 0.83% | 0.57% | 0.44% | 2.52% | 0.39% | 1.59% | 2.22% | 1.78% | 0.73% | 0.71% | 1.42% | 1.17% | 0.69% | 1.66% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 14.65B | 14.63B | 15.29B | 14.64B | 12.64B | 11.08B | 10.19B | 10.04B | 8.71B | 10.59B | 12.93B | 8.9B | 7.6B | 6.16B | 6.07B | 6.67B | 7.83B | 5.73B | 5.43B | 5.23B |
| Other Investing | 619.23M | -507.17M | -18.4M | 24.84M | -25.28M | -6.19M | -13.34M | -5.05M | -24.66M | -10.54M | -12.9M | -11.28M | -21.99M | -9.7M | -10.88M | 43.32M | -25.07M | -13.67M | -18.96M | -5.14M |
| Cash from Financing | -56.6M | -126.82M | 63.45M | -76.14M | -131.67M | -196.74M | -78.16M | -195.03M | 362K | -199.75M | -170.19M | -168.55M | -46.54M | -269.25M | -158.67M | -94.95M | -212.88M | -407.54M | -149.48M | -311.1M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | 2.66M | -30.76M | -68.64M | -90.49M | -58.2M | -50M | -31.12M | -51.82M | 9.63M | -49M | -41.74M | -93.64M | -46.07M | -81.42M | -47.54M | -309.08M | -31.6M | -139.75M | -105.07M |
| Dividends Paid | -114.49M | -21.79M | -72.24M | -159.76M | -94.69M | -51.51M | -87.2M | -93.09M | -67.59M | -54.27M | -106.21M | -93.65M | -52M | -59.19M | -87.32M | -102.97M | -125.81M | -117.39M | -108.7M | -132.54M |
| Share Repurchases | 0 | 2.66M | -30.76M | -68.64M | -90.49M | -58.2M | -50M | -31.12M | -51.82M | -46.2M | -49M | -41.74M | -93.64M | -46.07M | -81.42M | -47.54M | -313.77M | -109M | -139.75M | -105.07M |
| Other Financing | 57.89M | -4M | -3.25M | 13.18M | -24.18M | 4M | 4.47M | -20.7M | -20.23M | -112K | 12K | -23.15M | -3.95M | 72K | 69K | 39.56M | -57.17M | -6.91M | 741K | -11.69M |
| Net Change in Cash | -96.24M | 371.03M | -34.4M | 18.79M | -142.98M | 175.76M | 21.57M | 287.26M | -426.05M | 129.1M | -19.45M | -63.37M | -229.06M | 147.79M | 40.68M | 237.08M | -508.26M | 366.64M | -160.94M | -106.58M |
| Free Cash Flow | -149K | 1.09B | -82.1M | 51.71M | -14.69M | 384.28M | 100.37M | 481.64M | -398.23M | 334.6M | 162.1M | 108.16M | -162.18M | 407.49M | 224.21M | 303.44M | -265.14M | 788.87M | 15.34M | 207.31M |
| FCF Margin % | -0.01% | 112.07% | -9.95% | 5.17% | -1.75% | 46.06% | 14.2% | 69.5% | -61.95% | 62.43% | 25.72% | 21.34% | -26.14% | 81.86% | 39.96% | 50.18% | -37.81% | 111.8% | 2.82% | 37.76% |
| FCF Growth % | 98.99% | 182.84% | -181.8% | -89.26% | 96.31% | 14.85% | -38.08% | 345.32% | -145.55% | -17.89% | -27.7% | -64.36% | 38.83% | -48.34% | 1361.2% | 46.37% | -303.33% | 38.37% | 146.66% | -70.59% |
| FCF per Share | -0.00 | 12.80 | -0.96 | 0.60 | -0.17 | 4.46 | 1.15 | 5.45 | -4.47 | 3.71 | 1.74 | 1.14 | -1.66 | 4.09 | 2.19 | 2.88 | -2.41 | 7.00 | 0.13 | 1.71 |
| FCF Conversion (FCF/Net Income) | -0.00x | 7.84x | -0.89x | 0.42x | 0.15x | 4.16x | 1.87x | 7.37x | -7.08x | 62.85x | 2.75x | 7.30x | -2.56x | 15.09x | 5.82x | 3.67x | -2.27x | 7.66x | 0.27x | 3.52x |
| Interest Paid | 0 | 0 | 158.99M | 179.27M | 133.92M | 0 | 141.06M | 143.49M | 142.2M | 261.5M | 145.43M | 128.76M | 96.57M | 78.25M | 63.97M | 55.49M | 49.28M | 43.97M | 40.34M | 38.94M |
| Taxes Paid | 0 | 0 | 15.06M | 63.28M | 11.92M | 10.84M | 6.59M | 19.38M | 6.61M | 5.09M | 18.25M | 11.87M | 3.47M | 3.12M | 14.35M | 72.7M | 13.79M | 4.31M | 27.48M | 77.37M |