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Financials · BUR

Burford Capital Limited (BUR) financials

For the twelve months ended Sep 30, 2026, Burford Capital Limited reported -$1.43B of revenue and -$1.64B of net income.

Revenue, TTM
-$1.43B
Revenue growth, YoY
-402.2%
Net income, TTM
-$1.64B
Free cash flow, TTM
-$291.73M
EPS, diluted, TTM
-$7.51
Cash
$463.76M
Total debt
$2.30B
Market cap
$866.5M
Annual revenue$413.36M
FY2018FY2025
Annual net income$62.57M
FY2018FY2025
Annual free cash flow-$29.30M
FY2018FY2025

BUR revenue and earnings growth

BUR revenueQ3 2026$146.91M

Quarter YoY
+110.5%
QoQ
+32.7%
FY YoY
-24.3%
5Y CAGR
+4.7%

BUR revenue was $146.91M in fiscal Q3 2026 (ended Sep 30, 2026), up 110.5% from a year earlier and up 32.7% from the prior quarter. For the full fiscal 2025 it was $413.36M, down 24.3% from fiscal 2024. Compound annual growth was +4.7% over 5 years. It rose in 3 of the last 7 fiscal years.

BUR net incomeQ3 2026$23.36M

QoQ
+959.8%
FY YoY
-57.3%
5Y CAGR
-15.3%

BUR net income was $23.36M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$19.16M a year earlier and up 959.8% from the prior quarter. For the full fiscal 2025 it was $62.57M, down 57.3% from fiscal 2024. Compound annual growth was -15.3% over 5 years. It rose in 1 of the last 3 fiscal years.

BUR EPSQ3 2026$0.10

QoQ
+900.0%
FY YoY
-57.6%
5Y CAGR
-15.5%

BUR diluted EPS was $0.10 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.09 a year earlier and up 900.0% from the prior quarter. For the full fiscal 2025 it was $0.28, down 57.6% from fiscal 2024. Compound annual growth was -15.5% over 5 years.

BUR free cash flowQ3 2026-$126.98M

BUR free cash flow was -$126.98M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$20.11M a year earlier. For the full fiscal 2025 it was -$29.30M, compared with $216.06M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
Revenue$413.36M$546.09M$1.09B$319.23M$217.33M$327.86M$534.47M$424.98M
Selling, general and admin$38.36M$31.02M$33.66M$29.68M$30.47M$21.47M$22.45M-
Operating income$232.11M$390.60M$815.67M$194.96M$68.58M$208.78M$396.40M$343.65M
Interest expense$151.01M$135.59M$99.14M$78.26M$58.65M$39.05M$38.75M$38.54M
Pre-tax income$84.03M$253.59M$738.28M$109.02M$2.79M$180.48M$359.61M$305.11M
Income tax$11.84M$24.00M$20.08M$11.56M$9.73M$23.50M$31.91M-$12.46M
Net income$62.57M$146.48M$610.52M$30.51M-$28.75M$143.28M$300.55M$317.58M
EPS, basic$0.29$0.67$2.79$0.14-$0.13$0.65$1.37$150.70
EPS, diluted$0.28$0.66$2.74$0.14-$0.13$0.65$1.37$150.30
Diluted shares224.6M223.2M223.0M221.8M219.0M219.6M219.1M554,680

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
Cash and equivalents$566.44M$469.93M$220.55M$107.66M$180.25M$322.08M$273.40M$395.46M
Short-term investments$377.10M$319.90M$13.00M$1.00M$21.60M$5.30M--
Goodwill$134.02M$133.95M$133.97M$133.91M$134.02M$134.03M$134.00M$133.97M
Total assets$6.64B$6.18B$5.84B$4.29B$3.74B$3.27B$3.04B$2.55B
Total debt$2.13B$1.76B$1.53B$1.27B$1.04B$677.37M$665.34M$638.66M
Total liabilities$3.51B$2.92B$2.63B$1.90B$1.63B$1.24B$1.54B$1.19B
Shareholders' equity$2.45B$3.26B$3.21B$2.39B$2.11B$2.02B$1.87B$1.50B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
Operating cash flow-$29.01M$216.72M-$274.68M-$466.10M-$585.36M$53.83M-$273.56M-$233.31M
Capital expenditures$284.0K$661.0K$3.21M$407.0K$285.0K$360.0K$3.40M$104.0K
Free cash flow-$29.30M$216.06M-$277.89M-$466.51M-$585.65M$53.47M-$276.95M-$233.42M
Investing cash flow-$8.80M-$661.0K-$3.21M-$407.0K-$285.0K-$360.0K-$3.40M-$104.0K
Financing cash flow$132.41M$33.83M$389.53M$399.13M$444.83M-$5.26M$154.69M$364.88M
Dividends paid--$27.50M$27.66M$41.05M-$28.42M$24.58M
Share repurchases$15.31M$5.09M$3.76M$3.75M----
Stock-based compensation$13.84M$8.69M$8.75M$7.78M$8.82M$5.33M$4.52M-
Depreciation and amortization--$5.53M$4.36M$3.19M$10.69M$12.60M$10.11M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
Revenue growth, YoY-24.3%-49.8%240.5%46.9%-33.7%-38.7%25.8%-
Net income growth, YoY-57.3%-76.0%1901.3%---52.3%-5.4%-
EPS growth, YoY-57.6%-75.9%1857.1%---52.6%--
Operating margin56.2%71.5%75.0%61.1%31.6%63.7%74.2%80.9%
Net margin15.1%26.8%56.2%9.6%-13.2%43.7%56.2%74.7%
Free cash flow margin-7.1%39.6%-25.6%-146.1%-269.5%16.3%-51.8%-54.9%
Return on equity2.6%4.5%19.0%1.3%-1.4%7.1%16.0%21.2%
Return on assets0.9%2.4%10.5%0.7%-0.8%4.4%9.9%12.5%
Debt to equity0.870.540.480.530.490.330.360.43

Source: XBRL data Burford Capital Limited files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

BUR peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
BUR-$1.43B-402.2%-$1.64B-$866.5M
AXP$77.59B+10.2%$12.26B15.8%$217.91B
SPGI$17.21B+18.2%$4.99B29.0%$136.95B
MCO$8.18B+9.0%$2.88B35.3%$88.84B
NU$15.77B+37.0%$2.87B18.2%$57.01B
RKT$11.46B+90.4%$1.30B11.4%$42.06B
COIN$5.63B-26.6%-$701.62M-12.5%$36.22B
AFRM$4.26B+32.2%$1.93B45.3%$23.61B
SYF$19.31B+2.6%$3.33B17.3%$23.07B

BUR FAQ

8 questions
  • What is BUR revenue?
    Burford Capital Limited (BUR) reported -$1.43B of revenue for the twelve months ended Sep 30, 2026. That is down 402.2% from the year before. Revenue for fiscal 2025 was $413.36M.
  • Is BUR profitable?
    No. Burford Capital Limited reported a net loss of $1.64B for the twelve months ended Sep 30, 2026.
  • How much cash and debt does BUR have?
    Burford Capital Limited reported $463.76M in cash and cash equivalents and $2.30B of debt on its most recent balance sheet in SEC filings.
  • How fast is BUR revenue growing?
    Burford Capital Limited's revenue changed -24.3% in fiscal 2025, to $413.36M. Its compound annual growth rate was +4.7% over 5 years.
  • What is BUR free cash flow?
    Burford Capital Limited generated -$291.73M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of -$291.53M less capital expenditures.
  • What is BUR earnings per share?
    Diluted earnings per share were -$7.51 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did BUR last report financial results?
    The latest statements here come from Burford Capital Limited's 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.
  • Where does this BUR financial data come from?
    Quantisnow builds these statements from the structured XBRL data Burford Capital Limited files with the SEC. It is provided for information only and is not investment advice.