Burford Capital Limited (BUR) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BUR SEC filings page.
Burford Capital Limited (BUR) reported $413.4M in revenue for fiscal year 2025, down 24.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).
Burford’s reported earnings swing widely while its asset base expands, revealing an investment business shaped by realized outcomes rather than steady operations.
The peak result came in FY2023, when net income reached$610.5M , but it fell to$62.6M by FY2025. Meanwhile, total assets rose from$3.7B in FY2021 to$6.6B in FY2025, so scale increased without a dependable earnings trend—a pattern consistent with returns being recognized unevenly rather than earned like recurring operating revenue.
The five-year record runs from a net loss of
Liabilities increased from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Burford Capital Limited's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Burford Capital Limited has an operating margin of 56.1%, meaning the company retains $56 of operating profit per $100 of revenue. This strong profitability earns a score of 91/100, reflecting efficient cost management and pricing power. This is down from 71.5% the prior year.
Burford Capital Limited's revenue declined 24.3% year-over-year, from $546.1M to $413.4M. This contraction results in a growth score of 1/100.
Burford Capital Limited has a moderate D/E ratio of 0.87. This balance of debt and equity financing earns a leverage score of 50/100.
Not available for Burford Capital Limited, and counted as zero in the overall score.
Burford Capital Limited's operations used $29.0M of cash, and capex of $284K added to the outflow, for a free cash flow shortfall of $29.3M. This results in a cash flow score of 37/100.
Not available for Burford Capital Limited, and counted as zero in the overall score.
Burford Capital Limited passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Burford Capital Limited used $0.46 of operating cash (-$29.0M OCF vs $62.6M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Burford Capital Limited earns $1.59 in operating income for every $1 of interest expense ($232.1M vs $146.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Burford Capital Limited generated $110.7M in revenue in Q2 2026. This represents a decrease of 42.1% from the same quarter a year earlier.
Burford Capital Limited reported $2.2M in net income in Q2 2026. This represents a decrease of 97.5% from the same quarter a year earlier. Against the prior quarter it is up 100.1%.
Burford Capital Limited earned $0.01 per diluted share (EPS) in Q2 2026. This represents a decrease of 97.4% from the same quarter a year earlier. Against the prior quarter it is up 100.1%.
Not reported for Q2 2026.
Cash & Balance Sheet
Burford Capital Limited generated $51.9M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 161.6% from the same quarter a year earlier. Against the prior quarter it is up 138.0%.
Burford Capital Limited held $696.9M in cash against $2.4B in long-term debt as of Q2 2026.
Burford Capital Limited paid $6.25 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
Burford Capital Limited's operating margin was 57.1% in Q2 2026, reflecting core business profitability. This is down 17.2 percentage points from the same quarter a year earlier.
Burford Capital Limited's net profit margin was 2.0% in Q2 2026, showing the share of revenue converted to profit. This is down 44.2 percentage points from the same quarter a year earlier.
Burford Capital Limited's ROE was 0.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 3.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 197.4 percentage points.
Not reported for Q2 2026.
Capital Allocation
Burford Capital Limited repurchased no shares in Q2 2026. Against the prior quarter it is down 100.0%.
Burford Capital Limited invested $55K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 46.6% from the same quarter a year earlier. Against the prior quarter it is up 34.1%.
Not reported for Q2 2026.
BUR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $110.7M-42.1% | N/A | $33.4M-64.1% | $69.8M-72.0% | $191.3M+19.8% | $118.9M+168.3% | $93.0M | $249.1M |
| SG&A Expenses | $8.6M+10.5% | $8.6M-15.9% | $9.8M+51.2% | $10.5M+12.8% | $7.8M+0.6% | $10.2M+37.0% | $6.5M | $9.3M |
| Operating Income | $63.2M-55.5% | -$1.6B-2119.4% | -$12.7M-124.0% | $24.8M-87.7% | $142.2M+17.1% | $77.8M+449.3% | $52.7M | $202.2M |
| Interest Expense | $48.0M+46.1% | $47.8M+45.8% | $40.2M+21.8% | $40.2M+20.9% | $32.9M-1.2% | $32.8M+4.2% | $33.0M | $33.3M |
| Income Tax | $4.5M-2.4% | -$2.4M-131.9% | -$4.1M-282.4% | $3.8M-67.1% | $4.6M-60.7% | $7.6M+639.0% | $2.2M | $11.5M |
| Net Income | $2.2M-97.5% | -$1.6B-5376.8% | -$37.5M-189.2% | -$19.2M-114.1% | $88.3M+64.3% | $30.9M+203.3% | -$13.0M | $135.6M |
| EPS (Basic) | $0.01-97.5% | -$7.46-5428.6% | -$0.17-183.3% | -$0.09-114.5% | $0.40+60.0% | $0.14+200.0% | -$0.06 | $0.62 |
| EPS (Diluted) | $0.01-97.4% | -$7.46-5428.6% | -$0.17-240.0% | -$0.09-114.8% | $0.39+62.5% | $0.14+200.0% | -$0.05 | $0.61 |
| Diluted Shares (Avg) | 225M+0.5% | 219M-1.9% | N/A | 219M-1.9% | 224M+0.3% | 223M+1.9% | N/A | 224M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, EBITDA.
BUR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.3B-32.5% | $4.3B-30.9% | $6.6B+7.5% | $6.7B | $6.3B | $6.2B | $6.2B+5.8% | N/A |
| Cash & Equivalents | $696.9M+87.2% | $702.6M+44.4% | $566.4M+20.5% | $677.7M+18.1% | $372.2M-4.7% | $486.6M+0.8% | $469.9M+113.1% | $574.0M |
| Short-Term Investments | $0 | $0 | $377.1M+17.9% | $0 | $0 | $0 | $319.9M+2360.8% | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $134.0M0.0% | $134.0M0.0% | $134.0M+0.1% | $134.0M | $134.0M | $134.0M | $133.9M0.0% | N/A |
| Total Liabilities | $2.8B-9.5% | $2.8B-8.8% | $3.5B+20.4% | $3.5B | $3.1B | $3.0B | $2.9B+11.0% | N/A |
| Long-Term Debt | $2.4B+35.0% | $2.4B+36.1% | $2.1B+20.7% | $2.1B | $1.8B | $1.8B | $1.8B+14.9% | N/A |
| Total Equity | $819.1M-67.3% | $827.9M-66.0% | $2.4B+1.2% | $2.5B-24.3% | $2.5B-22.6% | $2.4B-22.1% | $2.4B+5.6% | $3.3B |
| Retained Earnings | $157.2M-91.6% | $168.8M-90.6% | $1.8B+1.9% | $1.9B | $1.9B | $1.8B | $1.8B+7.1% | N/A |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities.
BUR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $52.0M+161.7% | -$136.6M-188.1% | -$79.9M-328.2% | -$20.1M-107.2% | -$84.2M+13.5% | $155.2M+193.0% | -$18.7M | $279.8M |
| Stock-Based Compensation | $2.2M-69.3% | -$5.2M-255.8% | N/A | $6.9M+124.5% | $7.3M+3587.8% | $3.4M-13.2% | N/A | $3.1M |
| Capital Expenditures | $55K-46.6% | $41K+70.8% | $99K-81.0% | $58K+13.7% | $103K+128.9% | $24K-44.2% | $522K | $51K |
| Free Cash Flow | $51.9M+161.6% | -$136.7M-188.1% | -$80.0M-317.0% | -$20.1M-107.2% | -$84.3M+13.4% | $155.1M+193.2% | -$19.2M | $279.8M |
| Investing Cash Flow | -$155K-50.5% | -$2.9M-11995.8% | -$357K+31.6% | -$8.3M-16203.9% | -$103K-128.9% | -$24K+44.2% | -$522K | -$51K |
| Financing Cash Flow | -$57.5M-83.5% | $276.0M+298.3% | -$31.2M+62.6% | $334.2M+442.5% | -$31.4M-678.3% | -$139.2M-166.5% | -$83.4M | -$97.6M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | $0 | N/A | N/A |
| Share Buybacks | $0 | $3.7M-76.1% | $0 | $0 | $0-100.0% | $15.3M+249.7% | $0 | $0 |
Not reported in any period shown, so not listed: Depreciation & Amortization.
BUR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 57.1%-17.2pp | N/A | -37.9%-94.6pp | 35.5%-45.7pp | 74.4%-1.7pp | 65.4%+33.5pp | 56.7% | 81.2% |
| Net Margin | 2.0%-44.2pp | N/A | -112.2% | -27.4%-81.9pp | 46.2%+12.5pp | 26.0%+93.6pp | -13.9% | 54.4% |
| Return on Equity | 0.3%-3.3pp | -197.1%-198.4pp | -1.5%-1.0pp | -0.8%-4.9pp | 3.5%+1.9pp | 1.3%+2.2pp | -0.5% | 4.1% |
| Return on Assets | 0.1%-1.4pp | -38.2%-38.7pp | -0.6%-0.4pp | -0.3% | 1.4% | 0.5% | -0.2% | N/A |
| Debt-to-Equity | 2.93+2.2x | 2.90+2.2x | 0.87+0.1x | 0.86 | 0.71 | 0.72 | 0.73+0.1x | N/A |
| Asset Turnover | 0.030.0x | -0.40-0.4x | 0.010.0x | 0.01 | 0.03 | 0.02 | 0.02 | N/A |
| FCF Margin | 46.9%+91.0pp | N/A | -239.4% | -28.8% | -44.1%+16.9pp | 130.5% | -20.6% | 112.3% |
Not reported in any period shown, so not listed: Gross Margin, Current Ratio.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Burford Capital Limited BUR | FY2025 | $413.4M | $62.6M | 15.1% | $786.2M | 30/100 |
| ARTISAN PARTNERS ASSET MANAGEMENT INC. APAM | FY2025 | $1.2B | $290.3M | 24.3% | $2.4B | 57/100 |
| Brookfield Business Corporation BBUC | FY2025 | $27.5B | $387.0M | 1.4% | $5.5B | 23/100 |
| GCM Grosvenor Inc. GCMG | FY2025 | $557.6M | $45.4M | 8.1% | $806.9M | 46/100 |
| Hercules Capital, Inc. HTGC | FY2025 | $507.9M | $339.7M | 66.9% | $3.1B | 19/100 |
Where Burford Capital Limited Ranks
Frequently Asked Questions
What is Burford Capital Limited's annual revenue?
Burford Capital Limited (BUR) reported $413.4M in total revenue for fiscal year 2025. This represents a -24.3% 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 Limited's revenue growing?
Burford Capital Limited (BUR) revenue declined by 24.3% year-over-year, from $546.1M to $413.4M in fiscal year 2025.
Is Burford Capital Limited profitable?
Yes, Burford Capital Limited (BUR) reported a net income of $62.6M in fiscal year 2025, with a net profit margin of 15.1%.
How much debt does Burford Capital Limited have?
As of fiscal year 2025, Burford Capital Limited (BUR) had $566.4M in cash and equivalents against $2.1B in long-term debt.
What is Burford Capital Limited's operating margin?
Burford Capital Limited (BUR) had an operating margin of 56.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Burford Capital Limited's net profit margin?
Burford Capital Limited (BUR) had a net profit margin of 15.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Burford Capital Limited pay dividends?
Yes, Burford Capital Limited (BUR) paid $12.50 per share in dividends during fiscal year 2025.
What is Burford Capital Limited's return on equity (ROE)?
Burford Capital Limited (BUR) has a return on equity of 2.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Burford Capital Limited's free cash flow?
Burford Capital Limited (BUR) recorded an outflow of $29.3M in free cash flow during fiscal year 2025. This represents a -113.6% 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 Limited's operating cash flow?
Burford Capital Limited (BUR) recorded an outflow of $29.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Burford Capital Limited's total assets?
Burford Capital Limited (BUR) had $6.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Burford Capital Limited's capital expenditures?
Burford Capital Limited (BUR) invested $284K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Burford Capital Limited's debt-to-equity ratio?
Burford Capital Limited (BUR) had a debt-to-equity ratio of 0.87 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Burford Capital Limited's return on assets (ROA)?
Burford Capital Limited (BUR) had a return on assets of 0.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Burford Capital Limited's P/E ratio?
Burford Capital Limited (BUR) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $786.2M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Burford Capital Limited's price-to-sales ratio?
Burford Capital Limited (BUR) trades at 1.9x sales, its market capitalization divided by revenue of $413.4M revenue, FY2025. The market capitalization is $786.2M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Burford Capital Limited's Piotroski F-Score?
Burford Capital Limited (BUR) has a Piotroski F-Score of 2 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Burford Capital Limited's earnings high quality?
For every $1 of reported earnings, Burford Capital Limited (BUR) used $0.46 of operating cash (-$29.0M OCF vs $62.6M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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 Limited cover its interest payments?
Burford Capital Limited (BUR) has an interest coverage ratio of 1.59x, meaning it can struggle to 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 Limited?
Burford Capital Limited (BUR) scores 30 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.