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Virtu Financial VIRT Tax credits and net operating loss carryforwards

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Other financials

Income statement

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Revenue$1.1B+30.7%
Net income$182.3M+82.9%
EPS (diluted)$1.99+84.3%

Balance sheet

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Cash & equivalents$1.0B+33.6%
Total debt$2.3B+15.8%
Total equity$1.7B+32.5%
Total assets$25.1B+43.1%

Cash flow

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Operating cash flow-$149.0K-101%
CapEx$5.6M-2.2%
Free cash flow-$5.8M-162%

Valuation

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Market cap$5.52B+15.4%

Profitability

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Net margin14.2%+3.7pp
FCF margin12.4%-20.0pp

Returns & leverage

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Return on equity36.2%+10.8pp
Debt / equity1.3×-0.2×

Where this comes from

Reported directly by Virtu Financial in its filing.

Tagged under the XBRL concept virt:DeferredTaxAssetsTaxCreditAndOperatingLossCarryforwards.

The official record: Virtu Financial’s 10-K, filed February 20, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Virtu Financial's tax credits and net operating loss carryforwards?
Virtu Financial (VIRT) reported tax credits and net operating loss carryforwards of $7.88M in Q4 2025.
How has Virtu Financial's tax credits and net operating loss carryforwards changed year-over-year?
Virtu Financial's tax credits and net operating loss carryforwards decreased by 23.7% year-over-year, from $10.33M to $7.88M.
What is the long-term trend for Virtu Financial's tax credits and net operating loss carryforwards?
Over 5 years (2020 to 2025), Virtu Financial's tax credits and net operating loss carryforwards has grown at a -33.5% compound annual growth rate (CAGR), from $60.6M to $7.88M.
What does tax credits and net operating loss carryforwards mean?
This metric quantifies the future tax benefits available to the company through the utilization of prior net operating losses and earned tax credits. It represents a potential reduction in future cash tax payments, thereby improving future net income and cash flow. Analysts evaluate this to understand the company's ability to shield future earnings from taxation.