How profitable is Virtu Financial Inc. (VIRT)?

In FY 2025 (10-K), VIRT converted $617.0M of revenue into a 52% gross margin, 0.2% operating margin, and $495.6M in free cash flow (80.3% FCF margin).

Stock Ratings / Financials / VIRT / financials

XP (51) SF (56) JEF (58) SNEX (53) ⌘ Pro Terminal →

Virtu Financial Inc. (VIRT) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$53.68 -0.15% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $53.56

Virtu Financial Inc. (VIRT) carries a Roarable Rating of D+ (Sell) with 56/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D+ • SELL / AVOID Cap $8.34B

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on VIRT Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is VIRT stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, Virtu Financial Inc. (NYSE: VIRT) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 56/100 at a spot price of $53.68 (-0.15% 1D, market cap $8.34B). Pillar breakdown: Fundamental Cash Engine 11/20, Institutional 13F & Options Flow 8/20, SEC Balance-Sheet Forensics 15/20, FRED Macro Regime Fit 11/20, and Executive Insider Alignment 11/20. Across 1097 tracked Financials issuers, VIRT ranks #502 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does VIRT compare to XP and SF in the Financials sector?

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Within the Financials sector (Investment Bankers/Brokers/Service), VIRT carries a Roarable D+ (56/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of 0.0%. By comparison, XP (XP Inc.) holds a D grade (51/100 RQD, P/E 32.8x, ROIC 9.9%, cap $7.41B) and SF (Stifel Financial Corporation) posts a D+ grade (56/100 RQD, P/E 16.0x, ROIC 3.4%, cap $10.07B). Among the 5-stock peer group, JEF leads on earnings multiple (7.9x) while XP leads on capital efficiency (9.9% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for VIRT?

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Per VIRT's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001592386), Virtu Financial Inc. generated $617.0M in revenue (+19.4% YoY), $912.3K in net income, and $495.6M in free cash flow against $20.15B in total assets and $8.18B in total debt. Key quantitative strengths: Clean SEC annual filing review with no major hidden accounting time-bombs. Primary risk factors monitored: Broader market pullbacks can still drag down strong stocks in the short run. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $53.56 (-0.22%)🧬 Cannibal Buyback (-0.96% YoY Shares)⚙️ Cash Engine: 11/20 (D+) • 80.3% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record: Scores of 56/100 (D+) historically posted market-perform odds over rolling 90-day windows (-0.4% avg 90D alpha vs SPY • 51.8% hit rate — wait for RQD ≥ 70 breakout).

Audit Bucket Track Record →

RQD QUANT TACHOMETERSELL / AVOID • D+

JEV AI Jury Split (Battleground)

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D · Rk C

Each axis scored 0–20

12M PRICE TARGET CONE-0.9% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for VIRT)Realized 20D OHLCV Swing Band: ±6.7%

Deterministic 5-Pillar Attribution (56/100 Composite)

🔍 WHY VIRT SCORES 56/100 (D+) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: SEC 10-K Forensic Risk+15/20 pts (27% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 8/9

▲ #2 Bullish Driver: Cash Engine Quality+11/20 pts (20% of score)

SEC XBRL FY 2025 (10-K): 80.3% FCF Margin ($495.6M FCF) & 52% Gross Margin

▼ #1 Drag / Risk Factor: Whale & Options Positioning8/20 pts (-12 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-12 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade C+$55.48+3% Next Q

Q2 (-2Q)

Grade C$57.12-2.9% Next Q

Q3 (-1Q)

Grade C$55.44-3.2% Next Q

Current

Grade D+$53.68-0.4% Hist 90D α

Trajectory: C+ (64) → D+ (56)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the VIRT Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 56/100 (D+) score, VIRT faces multiple-compression risk if current valuation multiples re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Broader market pullbacks can still drag down strong stocks in the short run.

⚠️ Forensic Kill-Switch #2

Dilution & Margin Drag: Cannibal Buyback (-0.96% YoY Shares) — any gross margin slip below 49.5% triggers an automatic RQD downgrade.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($58.14) or 200D SMA ($52.39) invalidates the momentum regime and cuts Target Base ($53.20) toward Bear Floor ($41.50).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $VIRT• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “VIRT Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 56%NO 44%Trade / Inspect Odds →

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How VIRT Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$495.6M (80.3% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY23

Rev $455.6M

FY24

Rev $516.8M

FY25

Rev $617.0M

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$617.0M	52%	0.2%	$912.3K	$495.6M	0%
FY 2024	$516.8M	52%	0.1%	$534.5K	$586.6M	0%
FY 2023	$455.6M	52%	0.1%	$263.9K	$471.3M	0%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring VIRT)

✓Walkthrough of VIRT's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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VIRT // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +8.34%🛡️ HOLDING TREND SUPPORT

2026-11-03O $54.21H $54.21L $53.68C $53.68VOL 1.24M

RES: $69.75SUP: $52.37SMA50: $58.14SMA200: $52.39

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

VIRT Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 VIRT Butterfly Map → + Track VIRT →

Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle

48.0%/yr Implied 5Y Growth

vs. +19.4% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on VIRT today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for VIRT. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for VIRT today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (VIRT)

Financials Rank #502 of 1097 ⚔️ XP vs VIRT Full Matrix →

1. Head-to-Head Financials Peer Comparison (VIRT vs. XP, SF, JEF, SNEX)

Industry: Investment Bankers/Brokers/Service (64 Tracked Issuers)

Across 1097 tracked Financials securities in the Roarable RQD universe, Virtu Financial Inc. (VIRT) ranks #502 by composite RQD confidence (56/100, grade D+) and #210 by equity capitalization ($8.34B). Within this direct 5-issuer industry benchmark cohort, JEF leads on earnings valuation at 7.9x trailing P/E, while XP leads on capital efficiency and profitability with 9.9% ROIC and — gross margin. JEF currently holds the highest overall quantitative score in the immediate peer group at 58/100 (D+) compared with VIRT at 56/100 (D+).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
VIRT ACTIVE Virtu Financial Inc.	D+	56/100	—	—	0.0%	-0.15%	$8.34B	Benchmark Subject
XP XP Inc.	D	51/100	32.8x	—	9.9%	-1.75%	$7.41B	/xp-vs-virt →
SF Stifel Financial Corporation	D+	56/100	16.0x	—	3.4%	+2.97%	$10.07B	/sf-vs-virt →
JEF Jefferies Financial Group Inc.	D+	58/100	7.9x	—	6.0%	+4.66%	$10.59B	/jef-vs-virt →
SNEX StoneX Group Inc.	D+	53/100	21.7x	—	1.5%	+2.04%	$6.37B	/snex-vs-virt →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001592386 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Virtu Financial Inc. (VIRT) reported GAAP revenue of $617.0M (+19.4% vs. FY2024 revenue of $516.8M , and +35.4% cumulative change since FY2023) , GAAP net income of $912.3K, operating cash flow of $518.4M, and free cash flow of $495.6M (-15.5% YoY). On the balance sheet, VIRT closed FY2025 with $20.15B in total assets against $8.18B in total debt (Altman Z-Score: N/A, Piotroski F-Score: 8/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$617.0M	$912.3K	$518.4M	$495.6M	$20.15B	$8.18B
FY2024 (FY)	2024-12-31	$516.8M	$534.5K	$599.0M	$586.6M	$15.36B	$6.24B
FY2023 (FY)	2023-12-31	$455.6M	$263.9K	$491.8M	$471.3M	$4.63B	$1.08B

3. VIRT Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is VIRT stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does VIRT compare to XP and SF in the Financials sector?

What are the biggest fundamental strengths and SEC risk factors for VIRT?

Where is VIRT trading relative to its 50-day, 200-day, and 52-week technical levels?

VIRT last traded at $53.68 (-0.15% on volume of 1,180,082 shares), positioning the stock -7.67% below its 50-day simple moving average ($58.14) and +2.46% above its 200-day simple moving average ($52.39). Across its 52-week range of $31.55 to $68.76, VIRT sits at the 59.5% percentile with a 14-day RSI of 38.6 (NEUTRAL RANGE) and an implied next-earnings move of ±6.7% ($50.08 to $57.28).

Direct Sub-Reports: VIRT RQD Cockpit VIRT 12M Forecast VIRT Earnings & Move VIRT Dividends & DRIP VIRT Insiders & 13F VIRT Whale Options VIRT Profit Sankey VIRT News & Why

ROARABLE RATING BRIEF • RQD 56/100 (D+) ✓ SEC XBRL & RQD VERIFIED

VIRT — Virtu Financial Inc.: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit

Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Virtu Financial Inc. (VIRT) earns a live Roarable RQD composite score of 56/100, corresponding to a D+ letter grade (Roarable Sell) at a spot price of $53.68 (-0.15% 1D, market capitalization $8.34B).

Fundamental Cash Engine (11/20): Anchored by return on invested capital (ROIC) of 0.0%, gross margin of —, operating margin of 0.2%, and free cash flow yield of 5.89%.
Whale 13F & Options Flow (8/20) + Insider Conviction (11/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
Macro Regime Fit (11/20) + Forensic Balance Sheet (15/20): Incorporates a 0.93x equity beta, Altman Z-Score of N/A, Piotroski F-Score of 8/9, and Debt/Equity of N/A.

2. Business Model, Unit Margins & SEC Financial Trajectory

Virtu Financial Inc. Is a NYSE-listed issuer in the Financials sector, Investment Bankers/Brokers/Service industry. Market capitalization is $8.4B per the market data. Revenue and cash flow figures appear in the financials section, but their business drivers are not described in the source material.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Virtu Financial Inc. (VIRT) reported $617.0M in annual revenue (up from $516.8M in FY2024, +19.4% YoY) and $912.3K in GAAP net income. Over the multi-year SEC filing window from FY2023 ($455.6M revenue, $263.9K net income) through FY2025, VIRT scaled operating cash flow to $518.4M and free cash flow to $495.6M, backed by $20.15B in total assets against $8.18B in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

🐂 Primary Bull Case (D+ • RQD 56/100): Clean SEC annual filing review with no major hidden accounting time-bombs. Free cash flow yield of 5.89% and institutional whale pillar of 8/20. With Fundamental Cash Engine at 11/20 and Institutional Whale Flow at 8/20, sustained execution supports upside toward the upper end of the $31.55 – $68.76 52-week range.
🐻 Primary Bear Case & Valuation Risk: Broader market pullbacks can still drag down strong stocks in the short run. Investors must weigh current valuation and 95.0x EV/EBITDA against 0.2% operating margins and a 0.93x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

The only sector context available is the Financials / Investment Bankers/Brokers/Service classification and the Beta of 0.93 per the market data.

Key Question #1: Can VIRT sustain or expand its 0.2% operating margin and 0.0% ROIC against Investment Bankers/Brokers/Service peers over the next 4 quarters?
Key Question #2: Following FY2025 revenue of $617.0M and free cash flow of $495.6M, how will capital allocation balance growth reinvestment against $8.18B in total debt?
Key Question #3: How sensitive is VIRT's equity valuation to Financials capital spending cycles and macro interest-rate shifts (Beta 0.93x)?

VIRT Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Virtu Financial Inc. (VIRT) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to VIRT Debate Forum (3) ↓

🟡 MARKET WIRE TradingView • 1d ago

VIRT Stock Price and Chart — NYSE:VIRT

TradingView report covering Virtu Financial Inc. (VIRT) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Yahoo Finance • 1d ago

Why Virtu Financial (VIRT) Is Back In The Spotlight

Yahoo Finance report covering Virtu Financial Inc. (VIRT) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST Investing.com • 1d ago

JPMorgan upgrades Virtu Financial stock rating on growth outlook

Investing.com report covering Virtu Financial Inc. (VIRT) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST Seeking Alpha • 1d ago

Virtu Financial: A Buy The Dip Moment For Market Maker With Proven Durability (Rating Upgrade)

Seeking Alpha report covering Virtu Financial Inc. (VIRT) market action, institutional positioning, and fundamental catalysts.

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🟢 CATALYST ChartMill • 1d ago

Virtu Financial (NYSE:VIRT) Combines High Growth Momentum With a Breakout Setup

ChartMill report covering Virtu Financial Inc. (VIRT) market action, institutional positioning, and fundamental catalysts.

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🟡 MARKET WIRE Yahoo Finance • 1d ago

Virtu Financial (VIRT) Stock Looks Undervalued Based On Excess Returns

Yahoo Finance report covering Virtu Financial Inc. (VIRT) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE StockInvest.us • 1d ago

Virtu Financial Stock Price Forecast. Should You Buy VIRT?

StockInvest.us report covering Virtu Financial Inc. (VIRT) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Moomoo • 1d ago

Is Now The Time To Put Virtu Financial (NYSE:VIRT) On Your Watchlist?

Moomoo report covering Virtu Financial Inc. (VIRT) market action, institutional positioning, and fundamental catalysts.

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🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

VIRT Bull vs. Bear Conversation Board — What's Your Call at $53.68?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON VIRT 🐻 33% BEARISH CONVICTION

DE DeepValue_CFA RQD DEBATE OPENER • Institutional Buy-Side 🐂 BULLISH 🎯 Target: $69.35 (+29.0%)

📌 Pinned Debate

The 5.89% FCF yield and an 8/9 Piotroski F-Score point to cash generation and balance-sheet strength that the near-zero reported margin

The street is overcomplicating Virtu Financial Inc. (VIRT). The 5.89% FCF yield and an 8/9 Piotroski F-Score point to cash generation and balance-sheet strength that the near-zero reported margins do not reflect.. With an RQD score of 56/100 (D+) and Forensic Balance Sheet at 15/20, any positive earnings surprise or guidance raise forces underweight funds to chase above $58.06.

RetailWhale_TX 🐂 BULL

@RedlineAuditor Shorting a 8/20 institutional whale-flow stock at $53.76 is dangerous when funds are rotating into Financials.

RE RedlineAuditor RQD DEBATE OPENER • Accounting Quality Watch 🐻 BEARISH 🎯 Target: $45.16 (-16.0%)

Spot @ $53.76

A 0% ROIC, 0.2% operating margin, and an EV/EBITDA of 95 leave the price resting on earnings the filings do not yet show.

Sitting on the sidelines or leaning short VIRT above $53.76. A 0% ROIC, 0.2% operating margin, and an EV/EBITDA of 95 leave the price resting on earnings the filings do not yet show.. Until Fundamental Cash Engine (11/20) and FCF yield (5.89%) inflect higher, upside is capped near $68.76.