secwatch.observer — SEC 8-K summary
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Issuer:     Virtu Financial, Inc. (VIRT)
CIK:        0001592386
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001592386-24-000043
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Virtu Q1 net income $111.3M ($0.59 EPS); board authorizes $500M buyback
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- Net income $111.3M ($0.59 EPS); Normalized Adj. Net Income $124.3M ($0.76 EPS).
- Total revenues $642.8M; Trading income net $408.1M; Adj. Net Trading Income $366.9M.
- Adjusted EBITDA $202.8M (55.3% margin); share buybacks of $35.8M (2.0M shares) in Q1.
- Board authorized additional $500M share repurchase over two years; dividend $0.24/share payable June 15, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1592386/000159238624000043/0001592386-24-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1592386/000159238624000043/virt-20240424.htm
  HTML page:      https://secwatch.observer/filing/0001592386-24-000043

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer