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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $179.55M | $186.63M | $3.17B | $154.48M | $153.86M | $151.31M | $2.50B | $131.62M |
| Cost of revenue | $258.99M | $138.83M | $167.52M | $178.26M | $202.13M | $221.88M | $207.10M | $176.75M |
| Gross profit | −$79.44M | $47.80M | $3.00B | −$23.77M | −$48.27M | −$70.57M | $2.29B | −$45.12M |
| Gross margin | -44.2% | 25.6% | 94.7% | -15.4% | -31.4% | -46.6% | 91.7% | -34.3% |
| Selling, general and administrative | $315.84M | $304.30M | $205.06M | $245.35M | $223.51M | $201.30M | $207.63M | $192.19M |
| Operating expenses | $348.32M | $334.16M | $235.92M | $267.56M | $252.66M | $231.04M | $208.85M | $222.37M |
| Operating income | −$427.76M | −$286.36M | $2.77B | −$291.33M | −$300.93M | −$301.61M | $2.08B | −$267.50M |
| Operating margin | -238.2% | -153.4% | 87.3% | -188.6% | -195.6% | -199.3% | 83.4% | -203.2% |
| EBITDA | −$438.70M | −$274.59M | $2.73B | −$264.13M | −$312.64M | −$289.48M | $2.05B | −$239.09M |
| Interest income | $145.89M | $127.52M | −$364.88M | $127.42M | $128.41M | $109.05M | −$338.29M | $125.23M |
| Interest expense | −$240.09M | −$212.77M | −$222.34M | −$198.99M | −$197.76M | −$161.22M | −$170.03M | −$160.56M |
| Income before taxes | $342.56M | $409.57M | $343.58M | $179.99M | $347.02M | $223.74M | $202.61M | $147.16M |
| Income taxes | $57.63M | $62.98M | $62.98M | $30.94M | $54.04M | $34.10M | $26.52M | $28.14M |
| Net income | $284.93M | $346.60M | $280.60M | $149.05M | $292.98M | $189.64M | $176.09M | $119.02M |
| Net margin | 158.7% | 185.7% | 8.8% | 96.5% | 190.4% | 125.3% | 7.0% | 90.4% |
| EPS, basic | $1.63 | $1.99 | $1.54 | $0.86 | $1.65 | $1.09 | $1.03 | $0.65 |
| EPS, diluted | $1.63 | $1.99 | $1.54 | $0.86 | $1.65 | $1.08 | $1.02 | $0.64 |
| Diluted shares | 87.60M | 86.09M | 84.90M | 84.80M | 85.53M | 86.05M | 86.39M | 87.54M |
Figures describe Virtu Financial shares, not any token. As of Jul 31, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.