Every 10-Q that Burford Capital Limited (BUR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow BUR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BUR filings page.
Burford Capital Limited reported a net loss attributable to shareholders of $1,629,865 thousand for the six months ended June 30, 2026, primarily driven by a $2.4 billion capital provision loss on YPF-related assets after the US Court of Appeals for the Second Circuit reversed the prior YPF judgment.
Capital provision assets declined to $3,184,677 thousand, and equity attributable to Burford fell to $819,059 thousand, while debt payable increased to $2,403,336 thousand and finance costs rose to $99,268 thousand. Despite the loss, cash and cash equivalents increased to $696,899 thousand, supported by issuing $500.0 million 8.50% senior notes due 2034 and redeeming the 5.000% bonds due 2026.
Burford Capital Limited reported a sharp swing to a large loss for the three months ended March 31, 2026, driven by a reversal in its largest litigation asset. Total revenues were a negative $1,720,374 thousand, compared with positive $118,859 thousand a year earlier, as capital provision income turned into a $2,498,765 thousand loss.
This included a $2.4 billion capital provision loss tied to the YPF Judgment Reversal, which slashed the fair value of YPF-related assets and cut total capital provision assets to $3,120,499 thousand from $5,609,949 thousand at year-end 2025. Net loss attributable to shareholders was $1,632,069 thousand, or $7.46 per basic and diluted share, versus net income of $30,929 thousand, or $0.14 per share, in the prior-year quarter.
Total assets fell to $4,269,593 thousand from $6,641,172 thousand, and Burford Capital Limited equity dropped to $827,926 thousand from $2,448,022 thousand. Despite this, cash and cash equivalents rose to $702,576 thousand, supported by the issuance of $500,000 thousand of 8.50% senior notes due 2034 and the redemption of the 5.000% bonds due 2026, leaving debt payable at $2,401,757 thousand.
Burford Capital Limited reported a sharp downturn for the quarter ended September 30, 2025. Total revenues fell to $69.8 million from $249.1 million a year earlier, driven by much lower capital provision income, and the company booked a net loss attributable to shareholders of $19.2 million versus prior net income of $135.6 million. Diluted EPS swung to a $0.09 loss from earnings of $0.61.
For the first nine months of 2025, revenues declined to $380.0 million from $453.1 million, with net income attributable to shareholders down to $100.1 million from $159.5 million. Operating cash flow dropped to $50.9 million from $235.4 million, while finance costs increased to $109.4 million. Even so, cash and cash equivalents rose to $677.7 million and capital provision assets increased to $5.62 billion, funded in part by higher debt of $2.14 billion, including new $500 million 7.500% senior notes due 2033.