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Virtu Financial VIRT

Virtu Financial scores excellent on business quality (8.0 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$57.51Oct 9, 2026
Business qualityExcellent
Next earningsNov 5, 2026
Insiders, 90 daysSelling

Why it matters

  1. What Virtu Financial does

    Virtu Financial operates as a market maker, providing liquidity across global equities, ETFs, and fixed income. It profits from the spread between bid and ask prices by executing trades for retail and institutional clients.

  2. What it does best

    Virtu excels at high-frequency market making, processing global trades with extreme speed. Its operating margin of 31.2% sits in the top quartile of its sector, crushing peers like LPLA at 11.6%. This scale and tech edge are nearly impossible to replicate quickly.

  3. The main risk

    Revenue relies heavily on market volatility and trading volume. If market activity drops sharply, commission and trading income contract quickly, squeezing free cash flow from its recent $479M level.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityStrong

Operating margin hits 31.2% and ROE reaches 33.2%, demonstrating elite capital efficiency. High fixed-tech costs mean profitability scales effectively as volume rises.

MoatFair

Its proprietary trading technology and massive global connectivity form a durable moat, locking in institutional counterparties. An operating margin sector percentile of 74 highlights this structural efficiency.

GrowthFast

Revenue jumped to $4.0B with a growth rate of 23.9%, accelerating past historical levels seen in recent annual periods.

Financial healthStrong

Total debt stands at $7.0B against $1.0B in cash, producing a heavy net debt load of $5.9B. Free cash flow reached $479M, showing solid cash generation.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

3 sold $1.5M outside pre-planned sales.

Our sealed record on VIRT

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is VIRT a good business?

Virtu Financial scores excellent on the Cluenex quality check (8.0 of 10), measured against its own industry. Profitability is strong, moat fair, growth fast and financial health strong.

Are insiders buying VIRT?

In the last 90 days of SEC Form 4 filings: 3 sold $1.5M outside pre-planned sales.

When does VIRT report earnings?

Nov 5, 2026.

For members

See VIRT today

  • Today's verdict on VIRT, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “Virtu Financial (VIRT)”, https://cluenex.com/stocks/virt/, data as of Oct 10, 2026.