What does tax credit carryforward valuation allowance mean?

This is a contra-asset account that reduces the carrying value of tax credit carryforwards when it is more likely than not that some or all of the credits will not be realized. It reflects management's assessment of the company's ability to generate sufficient future taxable income. A high allowance suggests uncertainty regarding the realization of tax benefits.

Virtu Financial VIRT Tax Credit Carryforward Valuation Allowance

Tax Credit Carryforward Valuation Allowance at other companies

MarketAxessMKTX

$0—

Jefferies Financial GroupJEF

$261.8M+9.0%

EvercoreEVR

$5.28M0.0%

Tradeweb Markets Inc.TW

$3.02M+82.7%

Raymond James FinancialRJF

$9M0.0%

Segments

By geography

See full

Non-US$0—

Other financials

Income statement

See full

Revenue$1.1B+30.7%

Net income$182.3M+82.9%

EPS (diluted)$1.99+84.3%

Balance sheet

See full

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

See full

Operating cash flow-$149.0K-101%

CapEx$5.6M-2.2%

Free cash flow-$5.8M-162%

Valuation

See full

Market cap$5.52B+15.4%

Profitability

See full

Net margin14.2%+3.7pp

FCF margin12.4%-20.0pp

Returns & leverage

See full

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:DeferredTaxAssetsValuationAllowance.

The official record: Virtu Financial’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Virtu Financial's tax credit carryforward valuation allowance?: Virtu Financial (VIRT) reported tax credit carryforward valuation allowance of $0 in Q1 2026.
What does tax credit carryforward valuation allowance mean?: This is a contra-asset account that reduces the carrying value of tax credit carryforwards when it is more likely than not that some or all of the credits will not be realized. It reflects management's assessment of the company's ability to generate sufficient future taxable income. A high allowance suggests uncertainty regarding the realization of tax benefits.