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Virtu Financial VIRT Due To Correspondent Brokers

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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$4.91B+36.7%
Enterprise value$6.18B+27.6%
P/E8.9×0.0×
P/S1.3×+0.2×

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 us-gaap:DueToCorrespondentBrokers.

The source filing: Virtu Financial’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 4:02 PM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q4 2026
Accession
0001592386-26-000016
(in thousands)March 31, 2026December 31, 2025
Commissions and fees41,71036,751
Total receivables from broker-dealers and clearing organizations$3,811,176$1,896,405
Liabilities
Due to prime brokers$1,182,736$612,679
Net equity with futures commission merchants (1)(7,178)(4,278)
Unsettled trades with clearing organizations9,109238,872
Securities failed to receive211,240145,548
Commissions and fees5,1325,455

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Virtu Financial's due to correspondent brokers?
Virtu Financial (VIRT) reported due to correspondent brokers of $1.18B in Q1 2026.
How has Virtu Financial's due to correspondent brokers changed year-over-year?
Virtu Financial's due to correspondent brokers increased by 117.5% year-over-year, from $543.79M to $1.18B.
What is the long-term trend for Virtu Financial's due to correspondent brokers?
Over 5 years (2020 to 2025), Virtu Financial's due to correspondent brokers has grown at a 8.3% compound annual growth rate (CAGR), from $410.77M to $612.68M.
What does due to correspondent brokers mean?
Liabilities owed to correspondent brokers for services rendered, such as clearing, execution, or custody. This reflects the company's short-term financial obligations to its trading partners and intermediaries.

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