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Virtu Financial VIRT Non-US — 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$4.93B+38.7%
Enterprise value$6.2B+29.0%
P/E+0.2×
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:OperatingLossCarryforwards.

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

The Company has non-U.S. net operating losses at March 31, 2026 and December 31, 2025, of $42.1 million and $46.8 million, respectively, and has recorded related deferred tax assets of $7.0 million and $7.9 million, respectively. A full valuation allowance was recorded against these deferred tax assets at March 31, 2026 and December 31, 2025 as it is more likely than not that these deferred tax assets will not be realized. No valuation allowance against the remaining deferred taxes was recorded as of March 31, 2026 and December 31, 2025 because it is more likely than not that these deferred tax assets will be fully realized.

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Virtu Financial's non-us — operating loss carryforwards?
Virtu Financial (VIRT) reported non-us — operating loss carryforwards of $42.1M in Q1 2026.
How has Virtu Financial's non-us — operating loss carryforwards changed year-over-year?
Virtu Financial's non-us — operating loss carryforwards decreased by 25.5% year-over-year, from $56.5M to $42.1M.
What does non-us — operating loss carryforwards mean?
Represents the total amount of tax losses incurred in non-US jurisdictions that can be carried forward to offset future taxable income in those specific regions. This metric is critical for assessing the potential for future tax savings and the long-term tax efficiency of international operations. Investors monitor this to understand the magnitude of tax shields available outside the domestic market.

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