BUR · Burford Capital Ltd - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $413.36M | $546.09M | $1.09B | $327.86M | $359.12M | $356.97M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $38.36M | $31.02M | $33.66M | $29.68M | $21.47M | - |
| Total Operating Expenses | $181.25M | $155.49M | $271.24M | $124.27M | $120.58M | - |
| D&A | - | - | $5.53M | $4.36M | $10.69M | - |
| Operating Income | $232.11M | $390.60M | $815.67M | $194.96M | $238.54M | $248.93M |
| Interest Expense | $146.08M | $131.02M | $99.14M | $77.39M | $39.05M | $40.30M |
| Income Tax | $11.84M | $24.00M | $20.08M | $11.56M | $36.94M | $36.94M |
| Net Income | $62.57M | $146.48M | $610.52M | $30.51M | $165.12M | $171.70M |
| EPS - Basic | $0.29 | $0.67 | $2.79 | $0.14 | $0.75 | $78.40 |
| EPS - Diluted | $0.28 | $0.66 | $2.74 | $0.14 | $0.75 | $78.00 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $566.44M | $469.93M | $220.55M | $107.66M | $322.08M | $265.55M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $6.64B | $6.18B | $5.84B | $4.29B | $3.12B | $2.55B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $2.13B | $1.76B | $1.57B | $1.27B | $665.34M | - |
| Total Liabilities | $3.51B | $2.92B | $2.63B | $1.90B | $1.21B | $1.19B |
| Stockholders' Equity | $2.45B | $2.42B | $2.29B | $1.74B | $1.66B | $1.36B |
| Retained Earnings | $1.80B | $1.77B | $1.65B | $1.07B | $1.03B | $753.20M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($29.01M) | $216.72M | ($274.68M) | ($466.10M) | $53.83M | $180.67M |
| Investing Cash Flow | ($8.80M) | ($661.0K) | ($3.21M) | ($407.0K) | ($360.0K) | ($360.0K) |
| Financing Cash Flow | $132.41M | $33.83M | $389.53M | $399.13M | ($5.26M) | ($45.21M) |
| CapEx | $284.0K | $661.0K | $3.21M | $407.0K | $360.0K | - |
| Free Cash Flow | ($29.30M) | $216.06M | ($277.89M) | ($466.51M) | $53.47M | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 56.2% | 71.5% | 75.0% | 59.5% | 66.4% | 69.7% |
| EBITDA margin | - | - | 75.6% | 60.8% | 69.4% | - |
| Net margin | 15.1% | 26.8% | 56.2% | 9.3% | 46.0% | 48.1% |
| Free cash flow margin | -7.1% | 39.6% | -25.6% | -142.3% | 14.9% | - |
| FCF / Net income | -0.47 | 1.48 | -0.46 | -15.29 | 0.32 | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 9.3% | 5.7% | 3.1% | 9.1% | 6.0% | - |
| Effective tax rate | 15.9% | 14.1% | 3.2% | 27.5% | 18.3% | 17.7% |
| Return on assets | 0.9% | 2.4% | 10.5% | 0.7% | 5.3% | 6.7% |
| Return on equity | 2.6% | 6.1% | 26.7% | 1.8% | 9.9% | 12.6% |
| Return on invested capital | 4.3% | 8.0% | 20.5% | 4.7% | 8.4% | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 0.87 | 0.73 | 0.68 | 0.73 | 0.40 | - |
| Debt / Assets | 0.32 | 0.29 | 0.27 | 0.30 | 0.21 | - |
| Debt / EBITDA | - | - | 1.91 | 6.37 | 2.67 | - |
| Interest coverage | 1.6x | 3.0x | 8.2x | 2.5x | 6.1x | 6.2x |
| Equity multiplier | 2.71 | 2.55 | 2.55 | 2.46 | 1.88 | 1.87 |
| Liabilities / Assets | 0.53 | 0.47 | 0.45 | 0.44 | 0.39 | 0.47 |
| Efficiency | ||||||
| Asset turnover | 0.06 | 0.09 | 0.19 | 0.08 | 0.12 | 0.14 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 31.9x | 19.3x | 5.7x | 58.2x | 14.1x | 0.1x |
| P / B | 0.8x | 1.2x | 1.5x | 1.0x | 1.4x | 1.6x |
| P / S | 4.8x | 5.2x | 3.2x | 5.5x | 6.4x | 5.9x |
| EV / EBITDA | - | - | 5.9x | 14.9x | 10.7x | - |
| Growth | ||||||
| Revenue growth (YoY) | -24.3% | -49.8% | 231.5% | -8.7% | 0.6% | - |
| Revenue CAGR (3y) | 8.0% | 15.0% | 44.9% | - | - | - |
| Revenue CAGR (5y) | 3.0% | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | -40.6% | -52.1% | 318.4% | -18.3% | -4.2% | - |
| Net income growth (YoY) | -57.3% | -76.0% | 1901.3% | -81.5% | -3.8% | - |
| EPS growth (YoY) | -57.6% | -75.9% | 1857.1% | -81.3% | -99.0% | - |
| EPS CAGR (3y) | 26.0% | -4.2% | -67.2% | - | - | - |
| EPS CAGR (5y) | -67.6% | - | - | - | - | - |
| FCF growth (YoY) | - | - | 40.4% | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 1.2% | 5.6% | 31.5% | 4.8% | 21.9% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$396.05M totalPrincipal Finance Segment$359.41M · 90.7%
Asset Management And Other Services$36.64M · 9.3%
Product / service
$12.62M totalAsset Management1$6.31M · 50.0%
Management Fee Income$5.11M · 40.5%
Performance Fee Income$1.20M · 9.5%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
2/9
Weak
- ✓Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✗Cash flow > net income
- ✗Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Finance Services
Comparing Burford Capital Ltd against the 5 most active filers in the same SIC group.
Dividends
$0.06/share trailing 12 months · -50.0% YoY
| Ex-date | Per share |
|---|---|
| May 22, 2026 | $0.0630 |
| May 23, 2025 | $0.0630 |
| Nov 1, 2024 | $0.0630 |
| May 23, 2024 | $0.0630 |
| Nov 9, 2023 | $0.0630 |
| May 25, 2023 | $0.0630 |
| Nov 3, 2022 | $0.0630 |
| May 26, 2022 | $0.0630 |
| Nov 11, 2021 | $0.0630 |
| May 27, 2021 | $0.1250 |