Burford Capital Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Burford Capital has an operating margin of 71.5%, meaning the company retains $72 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 75.0% the prior year.
Burford Capital's revenue declined 49.8% year-over-year, from $1.1B to $546.1M. This contraction results in a growth score of 0/100.
Burford Capital carries a low D/E ratio of 0.73, meaning only $0.73 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 84/100, indicating a strong balance sheet with room for future borrowing.
Burford Capital converts 39.6% of revenue into free cash flow ($216.1M). This strong cash generation earns a score of 100/100.
Burford Capital generates a 6.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 24/100. This is down from 26.7% the prior year.
Burford Capital passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Burford Capital generates $1.48 in operating cash flow ($216.7M OCF vs $146.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Burford Capital earns $3.0 in operating income for every $1 of interest expense ($390.6M vs $131.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
This page shows Burford Capital (BUR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Burford Capital generated $546.1M in revenue in fiscal year 2024. This represents a decrease of 49.8% from the prior year.
Burford Capital generated $216.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 177.8% from the prior year.
Burford Capital reported $146.5M in net income in fiscal year 2024. This represents a decrease of 76.0% from the prior year.
Burford Capital earned $0.66 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 75.9% from the prior year.
Burford Capital held $469.9M in cash against $1.8B in long-term debt as of fiscal year 2024.
Burford Capital paid $12.50 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Burford Capital had 219M shares outstanding in fiscal year 2024. This represents an increase of 0.2% from the prior year.
Burford Capital's operating margin was 71.5% in fiscal year 2024, reflecting core business profitability. This is down 3.5 percentage points from the prior year.
Burford Capital's net profit margin was 26.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 29.3 percentage points from the prior year.
Burford Capital's ROE was 6.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 20.6 percentage points from the prior year.
Burford Capital spent $5.1M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 35.4% from the prior year.
Burford Capital invested $661K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 79.4% from the prior year.
BUR Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $69.8M-63.5% | $191.3M+60.9% | $118.9M+27.8% | $93.0M-41.7% | $159.7M+260.4% | $44.3M | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $10.5M+35.1% | $7.8M-23.7% | $10.2M+57.0% | $6.5M-16.0% | $7.7M+3.9% | $7.5M | N/A | N/A |
| Operating Income | $24.8M-82.6% | $142.2M+82.9% | $77.8M+47.5% | $52.7M-56.6% | $121.5M+758.2% | $14.2M | N/A | N/A |
| Interest Expense | $40.2M+22.3% | $32.9M+0.3% | $32.8M-0.8% | $33.0M-0.8% | $33.3M+5.9% | $31.4M | N/A | N/A |
| Income Tax | $3.8M-17.8% | $4.6M-39.3% | $7.6M+237.3% | $2.2M-80.8% | $11.7M+933.1% | -$1.4M | N/A | N/A |
| Net Income | -$19.2M-121.7% | $88.3M+185.5% | $30.9M+338.5% | -$13.0M-124.1% | $53.7M+279.5% | -$29.9M | N/A | N/A |
| EPS (Diluted) | $-0.09-123.1% | $0.39+178.6% | $0.14+380.0% | $-0.05-120.8% | $0.24+271.4% | $-0.14 | N/A | N/A |
BUR Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.7B+5.7% | $6.3B+2.4% | $6.2B+0.1% | $6.2B | N/A | N/A | $5.8B+36.1% | $4.3B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $677.7M+82.0% | $372.2M-23.5% | $486.6M+3.6% | $469.9M+20.3% | $390.7M-19.1% | $482.7M+118.9% | $220.5M+104.9% | $107.7M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $134.0M0.0% | $134.0M0.0% | $134.0M0.0% | $133.9M | N/A | N/A | $134.0M0.0% | $133.9M |
| Total Liabilities | $3.5B+12.9% | $3.1B+2.6% | $3.0B+3.5% | $2.9B | N/A | N/A | $2.6B+38.3% | $1.9B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $2.1B+20.4% | $1.8B+0.9% | $1.8B+0.1% | $1.8B | N/A | N/A | $1.5B+20.9% | $1.3B |
| Total Equity | $2.5B-0.2% | $2.5B+2.8% | $2.4B+0.6% | $2.4B-25.1% | $3.2B+3.4% | $3.1B+36.5% | $2.3B+31.5% | $1.7B |
| Retained Earnings | $1.9B-1.0% | $1.9B+4.1% | $1.8B+1.8% | $1.8B | N/A | N/A | $1.6B+53.5% | $1.1B |
BUR Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$20.1M+76.2% | -$84.2M-154.3% | $155.2M+931.5% | -$18.7M+80.8% | -$97.4M-283.9% | $53.0M | N/A | N/A |
| Capital Expenditures | $58K-43.7% | $103K+329.2% | $24K-95.4% | $522K+1060.0% | $45K+4.7% | $43K | N/A | N/A |
| Free Cash Flow | -$20.1M+76.2% | -$84.3M-154.4% | $155.1M+908.8% | -$19.2M+80.3% | -$97.4M-284.1% | $52.9M | N/A | N/A |
| Investing Cash Flow | -$8.3M-7972.8% | -$103K-329.2% | -$24K+95.4% | -$522K-1060.0% | -$45K-4.7% | -$43K | N/A | N/A |
| Financing Cash Flow | $334.2M+1165.6% | -$31.4M+77.5% | -$139.2M-66.8% | -$83.4M-1638.7% | $5.4M-97.4% | $209.4M | N/A | N/A |
| Dividends Paid | N/A | N/A | $0 | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | $0-100.0% | $15.3M | $0-100.0% | $712K-83.7% | $4.4M | N/A | N/A |
BUR Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 35.5%-38.8pp | 74.4%+8.9pp | 65.4%+8.7pp | 56.7%-19.4pp | 76.1%+44.1pp | 32.0% | N/A | N/A |
| Net Margin | -27.4%-73.6pp | 46.2%+20.1pp | 26.0%+40.0pp | -13.9%-47.6pp | 33.7%+101.3pp | -67.6% | N/A | N/A |
| Return on Equity | N/A | 3.5%+2.3pp | 1.3%-2.8pp | 4.1%+2.4pp | 1.7% | N/A | N/A | N/A |
| Return on Assets | -0.3%-1.7pp | 1.4%+0.9pp | 0.5%+0.7pp | -0.2% | N/A | N/A | N/A | N/A |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.86+0.1 | 0.71-0.0 | 0.720.0 | 0.73 | N/A | N/A | 0.67-0.1 | 0.73 |
| FCF Margin | -28.8%+15.3pp | -44.1%-174.6pp | 130.5%+151.1pp | -20.6%+40.4pp | -61.0%-180.5pp | 119.5% | N/A | N/A |
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Frequently Asked Questions
What is Burford Capital's annual revenue?
Burford Capital (BUR) reported $546.1M in total revenue for fiscal year 2024. This represents a -49.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Burford Capital's revenue growing?
Burford Capital (BUR) revenue declined by 49.8% year-over-year, from $1.1B to $546.1M in fiscal year 2024.
Is Burford Capital profitable?
Yes, Burford Capital (BUR) reported a net income of $146.5M in fiscal year 2024, with a net profit margin of 26.8%.
What is Burford Capital's earnings per share (EPS)?
Burford Capital (BUR) reported diluted earnings per share of $0.66 for fiscal year 2024. This represents a -75.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
How much debt does Burford Capital have?
As of fiscal year 2024, Burford Capital (BUR) had $469.9M in cash and equivalents against $1.8B in long-term debt.
What is Burford Capital's operating margin?
Burford Capital (BUR) had an operating margin of 71.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Burford Capital's net profit margin?
Burford Capital (BUR) had a net profit margin of 26.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Burford Capital pay dividends?
Yes, Burford Capital (BUR) paid $12.50 per share in dividends during fiscal year 2024.
What is Burford Capital's return on equity (ROE)?
Burford Capital (BUR) has a return on equity of 6.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Burford Capital's free cash flow?
Burford Capital (BUR) generated $216.1M in free cash flow during fiscal year 2024. This represents a 177.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Burford Capital's operating cash flow?
Burford Capital (BUR) generated $216.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Burford Capital's total assets?
Burford Capital (BUR) had $6.2B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Burford Capital's capital expenditures?
Burford Capital (BUR) invested $661K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Burford Capital buy back shares?
Yes, Burford Capital (BUR) spent $5.1M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Burford Capital have outstanding?
Burford Capital (BUR) had 219M shares outstanding as of fiscal year 2024.
What is Burford Capital's debt-to-equity ratio?
Burford Capital (BUR) had a debt-to-equity ratio of 0.73 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Burford Capital's return on assets (ROA)?
Burford Capital (BUR) had a return on assets of 2.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Burford Capital's Piotroski F-Score?
Burford Capital (BUR) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Burford Capital's earnings high quality?
Burford Capital (BUR) has an earnings quality ratio of 1.48x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Burford Capital cover its interest payments?
Burford Capital (BUR) has an interest coverage ratio of 3.0x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Burford Capital?
Burford Capital (BUR) scores 62 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.