Virtu (VIRT) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, April 29, 2026 astatine 10:52 AM CDT 26 min read

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DATE

Wednesday, April 29, 2026 astatine 8:00 a.m. ET

Call participants

• Chief Executive Officer — Aaron Simons

• Chief Financial Officer — Cindy Lee

• Co-President and Co-Chief Operating Officer — Joseph Molluso

• Head of Investor Relations — Matthew Sandberg

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Full Conference Call Transcript

Matthew Sandberg: Thank you. Good morning, everyone. Our archetypal 4th 2026 results were released this greeting and are disposable connected our website. With america contiguous connected this morning's call, we person Aaron Simons, our Chief Executive Officer; Cindy Lee, our Chief Financial Officer; and [ Joe Molluso ], our Co-President and Co-Chief Operating Officer. We volition statesman with little prepared remarks and past instrumentality your questions. First, a fewer reminders. Today's telephone whitethorn see forward-looking statements, which correspond Virtu's existent content regarding aboriginal events and are, therefore, taxable to risks, assumptions and uncertainties, which whitethorn beryllium extracurricular the company's control. Please enactment that our existent results and fiscal conditions whitethorn disagree materially from what is indicated successful these forward-looking statements.

It is important to enactment that immoderate forward-looking statements made connected this telephone are based connected accusation presently disposable to the company, and we bash not undertake to update oregon revise immoderate forward-looking statements arsenic caller accusation becomes available. We notation you to disclaimers successful our property merchandise and promote you to reappraisal the statement of hazard factors contained successful our yearly report, Form 10-K and different nationalist filings. During today's call, successful summation to GAAP measures, we whitethorn notation to definite non-GAAP measures, including adjusted nett trading income, adjusted nett income, adjusted EBITDA and adjusted EBITDA margin. These non-GAAP measures should beryllium considered arsenic supplemental to and not arsenic superior to fiscal measures arsenic reported successful accordance with GAAP.

We nonstop listeners to consult the Investor information of our website, wherever you'll find further supplemental accusation referred to connected this telephone arsenic good arsenic a reconciliation of non-GAAP measures to the equivalent GAAP word successful the net materials with an mentation of wherefore we deem this accusation to beryllium meaningful arsenic good arsenic however absorption uses these measures. With that, I'd similar to crook the telephone implicit to Aaron.

Aaron Simons: Thanks, Matt. Good morning, everyone. Again, conscionable similar precise little remarks earlier Cindy goes implicit the elaborate results, and we determination to Q&A. But conscionable wanted to item that our archetypal 4th results amusement that we're executing connected our program to turn done investing successful our infrastructure, acquiring apical endowment and expanding our superior base. Following that program successful the past 7 months, we person added implicit $500 cardinal successful caller trading superior and maintained a instrumentality connected our full superior successful excess of [ 100% ]. Our results for the archetypal 4th were among the champion successful Virtu's history, aided by an operating environment, which was adjacent much favorable than the 4th fourth of past year.