NYSE : BUR
Burford Capital Limited — Financial statements
Financials · Asset Management · Guernsey
Last price 3.4 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 746.59M
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Financial statements
Burford Capital Limited (BUR) reported revenue of -1.51B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 4.00M | 6.31M | 8.34M | 7.64M | 9.12M | 14.40M |
| Other Revenue | -1.52B | 376.51M | 553.33M | 1.07B | 324.46M | 207.95M |
| Revenue | -1.51B | 382.82M | 561.67M | 1.08B | 333.58M | 222.35M |
| Cost of Revenue | 14.64M | 14.64M | 801.00K | 16.50M | 8.24M | 5.30M |
| Gross Profit | -1.53B | 368.18M | 560.87M | 1.06B | 325.34M | 217.05M |
| Selling, General & Admin | 16.21M | 152.76M | 145.86M | 233.61M | 104.83M | 134.17M |
| Operating Expenses | 17.00M | 166.60M | 154.68M | 254.74M | 116.03M | 143.45M |
| Operating Income | -1.55B | 201.57M | 406.18M | 807.65M | 209.31M | 73.60M |
| Interest Expense | -182.42M | -151.01M | -135.59M | -99.14M | -78.26M | -58.65M |
| Currency Exchange Gain (Loss) | -16.54M | 23.08M | -17.12M | 29.76M | -14.03M | -10.02M |
| Other Non Operating Income (Expenses) | 10.39M | 10.39M | 121.00K | -1.00K | -8.00M | -500.00K |
| EBT Excluding Unusual Items | -1.74B | 84.03M | 253.59M | 738.28M | 109.02M | 4.44M |
| Other Unusual Items | -1.65M | |||||
| Pretax Income | -1.69B | 84.03M | 253.59M | 738.28M | 109.02M | 2.79M |
| Income Tax Expense | 1.75M | 11.84M | 24.00M | 20.08M | 11.56M | 9.73M |
| Earnings From Continuing Operations | -1.69B | 72.19M | 229.58M | 718.20M | 97.46M | -6.94M |
| Minority Interest in Earnings | 7.02M | -9.62M | -83.10M | -107.68M | -66.95M | -21.81M |
| Net Income | -1.69B | 62.57M | 146.48M | 610.52M | 30.51M | -28.75M |
| Net Income to Common | -1.69B | 62.57M | 146.48M | 610.52M | 30.51M | -28.75M |
| Shares Outstanding (Basic) | 219.14M | 219.15M | 219.23M | 218.87M | 218.76M | 219.05M |
| Shares Outstanding (Diluted) | 219.14M | 224.58M | 223.23M | 223.01M | 221.80M | 219.05M |
| EPS (Basic) | -7.70 | 0.29 | 0.67 | 2.79 | 0.14 | -0.13 |
| EPS (Diluted) | -7.70 | 0.28 | 0.66 | 2.74 | 0.14 | -0.13 |
| Free Cash Flow | -184.86M | -29.30M | 216.06M | -277.89M | -466.51M | -585.65M |
| Free Cash Flow Per Share | -0.84 | -0.13 | 0.97 | -1.25 | -2.10 | -2.67 |
| Dividend Per Share | 0.06 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 |
| Gross Margin | 96.17% | 99.86% | 98.47% | 97.53% | 97.62% | |
| Operating Margin | 52.65% | 72.32% | 74.86% | 62.75% | 33.10% | |
| Profit Margin | 16.35% | 26.08% | 56.59% | 9.14% | -12.93% | |
| Free Cash Flow Margin | -7.65% | 38.47% | -25.76% | -139.85% | -263.39% | |
| EBITDA | 212.50M | 76.79M | ||||
| EBITDA Margin | 63.70% | 34.54% | ||||
| D&A For EBITDA | 3.19M | 3.19M | ||||
| EBIT | -1.55B | 201.57M | 406.18M | 807.65M | 209.31M | 73.60M |
| EBIT Margin | 52.65% | 72.32% | 74.86% | 62.75% | 33.10% | |
| Effective Tax Rate | 14.09% | 9.47% | 2.72% | 10.60% | 348.76% | |
| Revenue as Reported | 413.36M | 546.09M | 1.09B | 319.23M | 217.33M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 696.90M | 566.44M | 469.93M | 220.55M | 107.66M | 180.25M |
| Short-Term Investments | 50.36M | 89.49M | 79.02M | 107.56M | 136.36M | 175.34M |
| Cash & Short-Term Investments | 747.26M | 655.92M | 548.95M | 328.11M | 244.02M | 355.59M |
| Accounts Receivable | 113.15M | 155.45M | 170.57M | 260.37M | 112.83M | 82.56M |
| Other Receivables | 21.80M | 17.10M | 21.53M | 21.24M | 22.26M | |
| Receivables | 113.15M | 177.26M | 187.67M | 281.90M | 134.07M | 104.82M |
| Prepaid Expenses | 11.69M | 10.22M | 9.15M | 199.00K | 1.19M | |
| Total Current Assets | 860.41M | 844.87M | 746.84M | 619.16M | 378.29M | 461.60M |
| Property, Plant & Equipment | 14.29M | 16.22M | 17.41M | 14.03M | 13.07M | |
| Long-Term Investments | 8.85M | |||||
| Goodwill | 134.00M | 134.02M | 133.95M | 133.97M | 133.91M | 134.02M |
| Long-Term Accounts Receivable | 9.22M | 9.35M | 13.29M | 5.17M | 3.75M | 3.75M |
| Long-Term Deferred Tax Assets | 1.79M | 2.73M | 3.35M | 927.00K | 6.44M | 78.00K |
| Other Long-Term Assets | 3.27B | 5.63B | 5.26B | 5.06B | 3.75B | 3.13B |
| Total Assets | 4.27B | 6.64B | 6.18B | 5.84B | 4.29B | 3.74B |
| Accrued Expenses | 142.25M | 160.89M | 104.05M | 133.57M | 84.34M | 74.19M |
| Current Portion of Long-Term Debt | 218.32M | 129.28M | ||||
| Current Portion of Leases | 2.98M | |||||
| Current Income Taxes Payable | 648.00K | 21.14M | 4.23M | 2.56M | ||
| Total Current Liabilities | 142.25M | 382.84M | 254.47M | 137.80M | 86.90M | 74.19M |
| Long-Term Debt | 2.40B | 1.91B | 1.63B | 1.53B | 1.25B | 1.02B |
| Long-Term Leases | 12.01M | 10.18M | 14.82M | 15.85M | 14.17M | 11.90M |
| Long-Term Deferred Tax Liabilities | 48.94M | 47.12M | 35.90M | 50.94M | 51.33M | 38.78M |
| Other Long-Term Liabilities | 197.27M | 1.16B | 978.66M | 890.29M | 496.62M | 486.06M |
| Total Liabilities | 2.80B | 3.51B | 2.92B | 2.63B | 1.90B | 1.63B |
| Common Stock | 624.70M | 615.45M | 610.04M | 602.24M | 598.81M | 598.81M |
| Additional Paid-In Capital | 53.58M | 56.79M | 42.41M | 36.55M | 26.30M | 26.37M |
| Retained Earnings | 157.25M | 1.80B | 1.77B | 1.65B | 1.07B | 1.07B |
| Treasury Stock | -28.53M | -24.88M | -9.57M | -4.48M | -3.75M | |
| Comprehensive Income & Other | 12.06M | -199.00K | 10.12M | 7.31M | 47.05M | 2.92M |
| Total Common Equity | 819.06M | 2.45B | 2.42B | 2.29B | 1.74B | 1.70B |
| Minority Interest | 649.27M | 679.71M | 837.40M | 916.92M | 644.49M | 412.14M |
| Shareholders' Equity | 1.47B | 3.13B | 3.26B | 3.21B | 2.39B | 2.11B |
| Total Liabilities & Equity | 4.27B | 6.64B | 6.18B | 5.84B | 4.29B | 3.74B |
| Total Debt | 2.42B | 2.14B | 1.78B | 1.55B | 1.27B | 1.03B |
| Net Cash (Debt) | -1.67B | -1.49B | -1.23B | -1.22B | -1.02B | -678.86M |
| Net Cash Per Share | -7.61 | -6.61 | -5.51 | -5.48 | -4.61 | -3.10 |
| Filing Date Shares Outstanding | 219.58M | 218.90M | 219.42M | 218.96M | 218.58M | 219.05M |
| Total Common Shares Outstanding | 219.58M | 218.90M | 219.42M | 218.96M | 218.58M | 219.05M |
| Working Capital | 718.16M | 462.03M | 492.37M | 481.36M | 291.38M | 387.41M |
| Book Value Per Share | 3.73 | 11.18 | 11.03 | 10.46 | 7.97 | 7.74 |
| Tangible Book Value | 685.06M | 2.31B | 2.29B | 2.16B | 1.61B | 1.56B |
| Tangible Book Value Per Share | 3.12 | 10.57 | 10.42 | 9.85 | 7.36 | 7.13 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -1.69B | 62.57M | 146.48M | 610.52M | 30.51M | -28.75M |
| Depreciation & Amortization | 3.19M | |||||
| Loss (Gain) From Sale of Investments | -2.89M | -8.53M | -4.07M | -5.60M | 10.74M | 1.57M |
| Stock-Based Compensation | 782.00K | 13.84M | 8.69M | 8.75M | 7.78M | 8.82M |
| Other Operating Activities | 2.32B | -449.63M | -480.56M | -1.24B | -224.05M | -163.53M |
| Change in Other Net Operating Assets | -814.35M | 352.74M | 546.19M | 352.05M | -291.08M | -406.67M |
| Operating Cash Flow | -184.61M | -29.01M | 216.72M | -274.68M | -466.10M | -585.36M |
| Capital Expenditures | -253.00K | -284.00K | -661.00K | -3.21M | -407.00K | -285.00K |
| Investment in Securities | -11.48M | -8.52M | ||||
| Investing Cash Flow | -11.73M | -8.80M | -661.00K | -3.21M | -407.00K | -285.00K |
| Long-Term Debt Issued | 500.00M | 284.97M | 394.46M | 357.27M | 400.00M | |
| Long-Term Debt Repaid | -146.94M | -49.82M | -129.97M | -79.91M | -33.93M | |
| Net Debt Issued (Repaid) | 641.53M | 353.06M | 235.15M | 264.49M | 277.36M | 366.07M |
| Repurchase of Common Stock | -3.65M | -15.31M | -5.09M | -3.76M | -8.04M | -3.69M |
| Common Dividends Paid | -27.47M | -27.39M | -27.33M | -27.50M | -27.66M | -41.05M |
| Dividends Paid | -27.47M | -27.39M | -27.33M | -27.50M | -27.66M | -41.05M |
| Other Financing Activities | -88.99M | -177.94M | -168.90M | 156.30M | 157.48M | 123.49M |
| Financing Cash Flow | 521.42M | 132.41M | 33.83M | 389.53M | 399.13M | 444.83M |
| Foreign Exchange Rate Adjustments | -433.00K | 1.91M | -515.00K | 1.25M | -5.22M | -1.01M |
| Net Cash Flow | 324.65M | 96.51M | 249.38M | 112.89M | -72.60M | -141.83M |
| Free Cash Flow | -184.86M | -29.30M | 216.06M | -277.89M | -466.51M | -585.65M |
| Free Cash Flow Margin | -7.65% | 38.47% | -25.76% | -139.85% | -263.39% | |
| Free Cash Flow Per Share | -0.84 | -0.13 | 0.97 | -1.25 | -2.10 | -2.67 |
| Levered Free Cash Flow | -1.09B | 90.45M | 257.84M | 354.86M | 77.14M | -26.33M |
| Unlevered Free Cash Flow | -971.86M | 184.83M | 342.58M | 416.82M | 126.06M | 10.32M |
| Cash Interest Paid | 142.93M | 97.94M | 154.09M | 77.21M | 70.78M | 51.27M |
| Cash Income Tax Paid | 7.69M | 21.97M | 19.27M | 13.32M | 641.00K | 1.30M |
| Change in Working Capital | -814.35M | 352.74M | 546.19M | 352.05M | -291.08M | -406.67M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 803.68M | 1.95B | 2.80B | 3.42B | 1.78B | 2.31B |
| Enterprise Value | 2.47B | 4.04B | 4.81B | 5.41B | 3.05B | 2.90B |
| Last Close Price | 3.40 | 8.80 | 12.44 | 15.08 | 7.80 | 9.96 |
| PE Ratio | 31.20 | 19.10 | 5.59 | 58.35 | ||
| Forward PE | 7.60 | 6.17 | 8.37 | 8.57 | 13.93 | 15.36 |
| PS Ratio | 5.10 | 4.98 | 3.17 | 5.34 | 10.40 | |
| PB Ratio | 0.91 | 0.62 | 0.86 | 1.06 | 0.75 | 1.10 |
| P/TBV Ratio | 1.09 | 0.84 | 1.22 | 1.58 | 1.11 | 1.48 |
| P/FCF Ratio | 12.95 | |||||
| P/OCF Ratio | 12.91 | |||||
| PEG Ratio | 0.19 | 0.16 | ||||
| EV/Sales Ratio | 10.56 | 8.56 | 5.01 | 9.13 | 13.04 | |
| EV/EBITDA Ratio | 14.33 | 37.77 | ||||
| EV/EBIT Ratio | 20.06 | 11.83 | 6.69 | 14.55 | 39.41 | |
| EV/FCF Ratio | 22.25 | |||||
| Debt / Equity Ratio | 1.65 | 0.69 | 0.55 | 0.48 | 0.53 | 0.49 |
| Debt / EBITDA Ratio | 10.47 | 4.35 | 1.91 | 5.90 | 13.08 | |
| Debt / FCF Ratio | 8.23 | |||||
| Net Debt / Equity Ratio | 1.14 | 0.47 | 0.38 | 0.38 | 0.43 | 0.32 |
| Net Debt / EBITDA Ratio | 4.81 | 8.84 | ||||
| Net Debt / FCF Ratio | -9.02 | -50.69 | 5.69 | -4.40 | -2.19 | -1.16 |
| Asset Turnover | 0.06 | 0.09 | 0.21 | 0.08 | 0.06 | |
| Quick Ratio | 6.05 | 2.18 | 2.90 | 4.43 | 4.35 | 6.21 |
| Current Ratio | 6.05 | 2.21 | 2.94 | 4.49 | 4.35 | 6.22 |
| Return on Equity (ROE) | -72.12% | 2.26% | 7.10% | 25.67% | 4.34% | -0.34% |
| Return on Assets (ROA) | -18.24% | 1.97% | 4.23% | 9.97% | 3.26% | 1.31% |
| Return on Invested Capital (ROIC) | -49.02% | 3.81% | 8.25% | 20.04% | 6.04% | -7.11% |
| Return on Capital Employed (ROCE) | -37.40% | 3.20% | 6.90% | 14.20% | 5.00% | 2.00% |
| Earnings Yield | -210.27% | 3.21% | 5.24% | 17.87% | 1.71% | -1.24% |
| FCF Yield | -24.76% | -1.50% | 7.72% | -8.14% | -26.21% | -25.32% |
| Dividend Yield | 3.43% | 1.40% | 0.98% | 0.80% | 1.54% | 1.18% |
| Payout Ratio | 43.77% | 18.66% | 4.50% | 90.69% | ||
| Buyback Yield / Dilution | 1.97% | -0.60% | -0.10% | -0.55% | -1.26% | 0.27% |
| Total Shareholder Return | 5.64% | 0.80% | 0.88% | 0.25% | 0.28% | 1.45% |