VIRTVirtu Financial, Inc.
Security Brokers, Dealers & Flotation Companies
- Revenue
- $617M
- 19% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $957M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear568× net incomeCash flow under 80% of net income
- Dilutive SBCFired16% of revenueOver 10% of revenue
- Payouts exceed cash flowClear24% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear4% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $614M | $530M | $456M | $517M | $617M | 19% |
| Net income | $827K | $468K | $264K | $535K | $912K | 71% |
| Operating cash flow | $1.2B | $707M | $492M | $599M | $518M | 13% |
| Capex | $25M | $27M | $38M | $12M | $23M | 83% |
| Stock-based comp | $56M | $67M | $64M | $75M | $100M | 33% |
| Buybacks | $3M | $8M | $2M | $0 | $2M |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 132 | 272 |
| FY2024 | — | — | 143 | 214 |
| FY2023 | — | — | 80 | 148 |
| FY2022 | — | — | 81 | 119 |
| FY2021 | — | — | 115 | 129 |