Company research
Burford Capital Ltd
CIK 1714174Updated Oct 6, 2026
SecurityBUR · NYSE · equity
BUR price & chart
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NYSE:BUR on TradingView ↗About the company
Burford Capital is the leading global finance and asset management firm focused on law. Its businesses include litigation finance and risk management, asset recovery and a wide range of legal finance and advisory activities. Burford is publicly traded on the New York Stock Exchange (NYSE: BUR) and the London Stock Exchange (LSE: BUR) and works with companies and law firms around the world from its global network of offices.
In the news
Statement Regarding Jury Verdict in Patent Matter ↗
Recent filings
Regulation FD Disclosure
Items 7.01, 9.01
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Items 1.01, 2.03, 9.01
Other Events
Items 8.01
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 6,641,172,000Source | 6,175,025,000Source | 5,837,394,000Source | 4,288,359,000Source |
| Property, Plant and Equipment, NetUSD | 3,002,000Source | 3,426,000Source | 3,561,000Source | 1,313,000Source |
| GoodwillUSD | 134,020,000Source | 133,948,000Source | 133,965,000Source | 133,912,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 566,437,000Source | 469,930,000Source | 220,549,000Source | 107,658,000Source |
| Operating Lease, Right-of-Use AssetUSD | 11,288,000Source | 12,796,000Source | 13,851,000Source | 12,716,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 3,513,442,000Source | 2,918,190,000Source | 2,629,614,000Source | 1,901,289,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 615,453,000Source | 610,037,000Source | 602,238,000Source | 598,813,000Source |
| Additional Paid in CapitalUSD | 56,787,000Source | 42,409,000Source | 36,545,000Source | 26,305,000Source |
| Retained Earnings (Accumulated Deficit)USD | 1,800,860,000Source | 1,766,435,000Source | 1,649,242,000Source | 1,074,166,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -199,000Source | 10,120,000Source | 7,312,000Source | 47,049,000Source |
| Stockholders' Equity Attributable to ParentUSD | 2,448,022,000Source | 2,419,432,000Source | 2,290,858,000Source | 1,742,584,000Source |
| Liabilities and EquityUSD | 6,641,172,000Source | 6,175,025,000Source | 5,837,394,000Source | 4,288,359,000Source |
| Deferred Income Tax Liabilities, NetUSD | 47,117,000Source | 35,903,000Source | 50,939,000Source | 51,326,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 679,708,000Source | 837,403,000Source | 916,922,000Source | 644,486,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 44,384,000Source | 32,557,000Source | 50,012,000Source | 44,889,000Source |
| Long-term DebtUSD | 2,127,829,000Source | 1,763,612,000Source | 1,569,146,000Source | 1,269,085,000Source |
| Short-term InvestmentsUSD | 377,100,000Source | 319,900,000Source | 13,000,000Source | 1,000,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 72,188,000Source | 229,583,000Source | 718,199,000Source | 97,459,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | — | — | 5,525,000Source | 4,362,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 13,841,000Source | 8,686,000Source | 8,747,000Source | 7,782,000Source |
| Deferred Income Tax Expense (Benefit)USD | 13,305,000Source | -16,877,000Source | 5,863,000Source | 9,356,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -29,014,000Source | 216,725,000Source | -274,682,000Source | -466,104,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -8,799,000Source | -661,000Source | -3,212,000Source | -407,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 284,000Source | 661,000Source | 3,212,000Source | 407,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 15,310,000Source | 5,090,000Source | 3,759,000Source | 3,749,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 132,415,000Source | 33,832,000Source | 389,534,000Source | 399,131,000Source |
| Dividends paid | — | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 566,437,000Source | 469,930,000Source | 220,549,000Source | 107,658,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 97,945,000Source | 154,093,000Source | 77,210,000Source | 70,781,000Source |
| Income Taxes Paid, NetUSD | 21,973,000Source | — | — | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,905,000Source | -515,000Source | 1,251,000Source | -5,217,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 13,841,000Source | 8,822,000Source | 14,105,000Source | 10,277,000Source |
| Amortization of Debt Issuance CostsUSD | 4,933,000Source | 4,571,000Source | 4,530,000Source | 3,273,000Source |
| Deferred Other Tax Expense (Benefit)USD | — | — | -3,119,000Source | 2,628,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 2,936,000Source | -1,421,000Source | 21,752,000Source | -7,674,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | -30,000Source | 100,000Source | — | -875,000Source |
| General and Administrative ExpenseUSD | 38,362,000Source | 31,025,000Source | 33,656,000Source | 29,681,000Source |
| GoodwillUSD | 134,020,000Source | 133,948,000Source | 133,965,000Source | 133,912,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | — | — |
| Income Tax Expense (Benefit)USD | 11,844,000Source | 24,005,000Source | 20,084,000Source | 11,558,000Source |
| InterestExpenseNonoperatingUSD | 151,015,000Source | 135,593,000Source | — | — |
| Marketable Securities, Gain (Loss), Excluding Other-than-temporary Impairment LossUSD | 8,533,000Source | 4,069,000Source | 5,599,000Source | — |
| Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment LossUSD | 5,937,000Source | 1,864,000Source | -415,000Source | — |
| Marketable Securities, Unrealized Gain (Loss)USD | 1,668,000Source | 2,158,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | 62,572,000Source | 146,484,000Source | 610,522,000Source | 30,506,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 9,616,000Source | 83,099,000Source | 107,677,000Source | 66,953,000Source |
| Nonoperating Income (Expense)USD | -148,079,000Source | -137,014,000Source | -77,383,000Source | -85,938,000Source |
| Operating ExpensesUSD | 181,249,000Source | 155,485,000Source | 271,236,000Source | 124,272,000Source |
| Proceeds from Contributed CapitalUSD | — | — | 164,759,000Source | 165,388,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 413,360,000Source | 546,087,000Source | 1,086,902,000Source | 319,227,000Source |
| Operating Income (Loss)USD | 232,111,000Source | 390,602,000Source | 815,666,000Source | 194,955,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 84,032,000Source | 253,588,000Source | 738,283,000Source | 109,017,000Source |
| Income Tax Expense (Benefit)USD | 11,844,000Source | 24,005,000Source | 20,084,000Source | 11,558,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 9,616,000Source | 83,099,000Source | 107,677,000Source | 66,953,000Source |
| Net Income (Loss) Attributable to ParentUSD | 62,572,000Source | 146,484,000Source | 610,522,000Source | 30,506,000Source |
| Earnings Per Share, BasicUSD per share | 0.29Source | 0.67Source | 2.79Source | 0.14Source |
| Earnings Per Share, DilutedUSD per share | 0.28Source | 0.66Source | 2.74Source | 0.14Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 219,145,611Source | 219,231,837Source | 218,865,816Source | 218,757,232Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 224,578,606Source | 223,231,672Source | 223,014,890Source | 221,802,486Source |
| Interest Expense (non-operating)USD | 151,015,000Source | 135,593,000Source | — | — |
| Additional Financial Items | ||||
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 12.5Source | 12.5Source | — | — |
| Current Income Tax Expense (Benefit)USD | -1,461,000Source | 40,882,000Source | 14,221,000Source | 2,202,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 2,936,000Source | -1,421,000Source | 21,752,000Source | -7,674,000Source |
| General and Administrative ExpenseUSD | 38,362,000Source | 31,025,000Source | 33,656,000Source | 29,681,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -9,606,000Source | 26,717,000Source | 11,695,000Source | 10,735,000Source |
| Interest ExpenseUSD | — | — | 99,135,000Source | 77,389,000Source |
| Interest Expense, DebtUSD | 146,082,000Source | 131,022,000Source | — | — |
| Labor and Related ExpenseUSD | 43,622,000Source | 43,209,000Source | — | — |
| Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment LossUSD | 5,937,000Source | 1,864,000Source | -415,000Source | — |
| Nonoperating Income (Expense)USD | -148,079,000Source | -137,014,000Source | -77,383,000Source | -85,938,000Source |
| Operating ExpensesUSD | 181,249,000Source | 155,485,000Source | 271,236,000Source | 124,272,000Source |
| Other IncomeUSD | 617,000Source | 3,051,000Source | 4,392,000Source | — |
Filing attachments
bur-20260928xex991.htm · 8-K · 2026-09-28
Exhibit 99.1 September 28, 2026 Statement Regarding Jury Verdict in Patent Matter Burford Capital Limited (“Burford”), the leading global finance and asset management firm focused on law, today provides an update on a portfolio matter. After the market close on Friday, September 25, 2026, a jury in a case in which Burford has a financial entitlement awarded $5.7 billion in damages to the plaintiff. That amount is likely to be altered in post-trial and/or appellate proceedings, but if the ver…
Read attachment ↗bur-20260917xex41.htm · 8-K · 2026-09-17
EX-4.1 2 bur-20260917xex41.htm EX-4.1 Document Exhibit 4.1 EXECUTION VERSION BURFORD CAPITAL GLOBAL FINANCE LLC 8.000% SENIOR SECURED NOTES DUE 2029 ______________________ INDENTURE Dated as of September 17, 2026 ______________________ U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee and Notes Collateral Agent Table of Contents Page Article I. Definitions and Rules…
Read attachment ↗bur-20260806xex991.htm · 8-K · 2026-08-06
EX-99.1 2 bur-20260806xex991.htm EX-99.1 Document August 6, 2026 Burford Reports 2Q26 and YTD26 Financial Results Burford Capital Limited (“Burford”), the leading global finance and asset management firm focused on law, today announces its unaudited financial results for the three and six months ended June 30, 2026 (“2Q26” and “YTD26”, respectively). The full detailed presentation of Burford’s 2Q26 and YTD26 financial results, as well as detailed portfolio data table, can be viewed at htt…
Read attachment ↗bur-20260806xex992.htm · 8-K · 2026-08-06
EX-99.2 3 bur-20260806xex992.htm EX-99.2 bur-20260806xex992 Second Quarter 2026 Financial Results August 6, 2026 Burford Capital This presentation is for the use of Burford’s public shareholders and is not an offering of any Burford private fund. Notice and disclaimer This presentation (this “Presentation”) provides certain information to facilitate review and understanding of the business, financial condition and results of operations of Burford Capital Limited (together with its subsidia…
Read attachment ↗bur-20260508xex991.htm · 8-K · 2026-05-08
EX-99.1 2 bur-20260508xex991.htm EX-99.1 Document May 8, 2026 Burford Reports 1Q26 Financial Results Burford Capital Limited (“Burford”), the leading global finance and asset management firm focused on law, today announces its unaudited financial results for the three months ended March 31, 2026 (“1Q26”). The full detailed presentation of Burford’s 1Q26 financial results can be viewed at http://investors.burfordcapital.com. Christopher Bogart, Burford Capital’s Chief Executive Officer, c…
Read attachment ↗bur-20260508xex992.htm · 8-K · 2026-05-08
EX-99.2 3 bur-20260508xex992.htm EX-99.2 bur-20260508xex992 First Quarter 2026 Financial Results May 8, 2026 Burford Capital This presentation is for the use of Burford’s public shareholders and is not an offering of any Burford private fund. Notice and disclaimer This presentation (this “Presentation”) provides certain information to facilitate review and understanding of the business, financial condition and results of operations of Burford Capital Limited (together with its subsidiaries…
Read attachment ↗