BURFORD CAPITAL LIMITED financials
Source: EDGAR filings · Built 2026-06-02T02:31:20Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -29.30M | 216.06M | -277.89M | -466.51M | -585.65M | 53.47M |
| EBITDA | — | — | 821.19M | 199.32M | 71.78M | 219.47M |
| Net Debt | 1.57B | 1.31B | 1.33B | 1.18B | 868.12M | 368.81M |
| Operating Margin | 56.15% | 71.53% | 75.05% | 61.07% | 45.07% | 58.14% |
| Net Margin | 15.14% | 26.82% | 56.17% | 9.56% | -18.90% | 39.90% |
| Return on Equity (ROE) | 2.56% | 6.05% | 26.65% | 1.75% | -1.70% | 8.13% |
| Return on Assets (ROA) | 0.94% | 2.37% | 10.46% | 0.71% | -0.77% | 4.38% |
| Debt-to-Equity | 0.87× | 0.74× | 0.68× | 0.74× | 0.62× | 0.39× |
| Effective Tax Rate | 14.09% | 9.47% | 2.72% | 10.60% | 348.76% | 13.02% |
| Cash Conversion Ratio | -0.46× | 1.48× | -0.45× | -15.28× | 20.36× | 0.38× |
| Accruals Ratio | 0.01× | -0.01× | 0.15× | 0.12× | 0.15× | 0.03× |
| SBC % of Revenue | 3.35% | 1.59% | 0.80% | 2.44% | 5.80% | 1.48% |
| CapEx Coverage | -102.16× | 327.87× | -85.52× | -1145.22× | -2053.91× | 149.52× |
| Free Cash Flow Per Share | $-0.13 | $0.97 | $-1.25 | $-2.10 | $-2.67 | $0.24 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 31.86× | 19.32× | 5.69× | 58.21× | — | 14.88× |
| P/FCF | — | 13.17× | — | — | — | 39.73× |
| FCF Yield | — | 7.59% | — | — | — | 2.52% |
| EV / EBITDA | — | — | 5.78× | 14.84× | 44.32× | 11.33× |
| P/S | 4.72× | 5.12× | 3.14× | 5.58× | 15.20× | 5.90× |
| P/B | 0.80× | 1.16× | 1.49× | 1.02× | 1.36× | 1.20× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | — | — | — | — | 152.16M | 359.12M |
| Revenues | 413.36M | 546.09M | 1.09B | 319.23M | 217.33M | 327.86M |
| Operating Expenses | 181.25M | 155.49M | 271.24M | 124.27M | 148.75M | 119.08M |
| Operating Income (Loss) | 232.11M | 390.60M | 815.67M | 194.96M | 68.58M | 208.78M |
| Income Tax Expense (Benefit) | 11.84M | 24.00M | 20.08M | 11.56M | 9.73M | 23.50M |
| Net Income (Loss) Attributable to Parent | 62.57M | 146.48M | 610.52M | 30.51M | -28.75M | 143.28M |
| Earnings Per Share, Basic | $0.29 | $0.67 | $2.79 | $0.14 | $-0.13 | $0.65 |
| Weighted Average Number of Shares Outstanding, Basic | 219.15M | 219.23M | 218.87M | 218.76M | 219.05M | 218.92M |
| Earnings Per Share, Diluted | $0.28 | $0.66 | $2.74 | $0.14 | $-0.13 | $0.65 |
| Weighted Average Number of Shares Outstanding, Diluted | 224.58M | 223.23M | 223.01M | 221.80M | 219.05M | 219.64M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 566.44M | 469.93M | 220.55M | 107.66M | 180.25M | 322.08M |
| Assets | 6.64B | 6.18B | 5.84B | 4.29B | 3.74B | 3.27B |
| Long-term Debt | 2.13B | 1.76B | 1.53B | 1.27B | 1.04B | 677.37M |
| Liabilities | 3.51B | 2.92B | 2.63B | 1.90B | 1.63B | 1.24B |
| Stockholders' Equity Attributable to Parent | 2.45B | 2.42B | 2.29B | 1.74B | 1.70B | 1.76B |
| Common Stock, Shares, Outstanding | 218.90M | 219.42M | 218.96M | 218.58M | 219.05M | 219.05M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -29.01M | 216.72M | -274.68M | -466.10M | -585.36M | 53.83M |
| Payments to Acquire Property, Plant, and Equipment | 284.00K | 661.00K | 3.21M | 407.00K | 285.00K | 360.00K |
| Net Cash Provided by (Used in) Investing Activities | -8.80M | -661.00K | -3.21M | -407.00K | -285.00K | -360.00K |
| Payments for Repurchase of Common Stock | 15.31M | 5.09M | 3.76M | 3.75M | — | — |
| Payments of Dividends | — | — | 27.50M | 27.66M | 41.05M | — |
| Net Cash Provided by (Used in) Financing Activities | 132.41M | 33.83M | 389.53M | 399.13M | 444.83M | -5.26M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -136.67M | -80.00M | 50.70M | 70.81M | 155.15M | -19.18M |
| Net Debt | 1.71B | 1.57B | 1.48B | 1.42B | 1.29B | 1.31B |
| Operating Margin | 91.28% | -37.88% | 35.51% | 74.35% | 65.42% | 56.68% |
| Net Margin | 94.87% | -112.23% | -27.44% | 46.16% | 26.02% | -13.94% |
| Return on Equity (ROE) | -197.13% | -1.53% | -0.77% | 3.53% | 1.27% | -0.54% |
| Return on Assets (ROA) | -38.23% | -0.56% | -0.29% | 1.40% | 0.50% | -0.21% |
| Debt-to-Equity | 2.92× | 0.87× | 0.86× | 0.72× | 0.73× | 0.74× |
| Effective Tax Rate | 0.15% | 7.62% | -22.89% | 4.19% | 17.02% | 13.86% |
| Cash Conversion Ratio | 0.08× | 2.13× | -2.66× | 0.80× | 5.02× | 1.44× |
| Accruals Ratio | -0.35× | 0.01× | -0.01× | 0.00× | -0.02× | 0.00× |
| SBC % of Revenue | 0.30% | -9.41% | 24.33% | 5.26% | 2.82% | 2.97% |
| CapEx Coverage | -3332.51× | -807.10× | 275.08× | 558.57× | 6465.42× | -35.75× |
| Free Cash Flow Per Share | $-0.62 | $-0.36 | $0.23 | $0.32 | $0.70 | $-0.09 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | 33.04× | 30.67× | 13.08× | 14.05× | 19.32× |
| P/S | — | 4.72× | 5.53× | 4.78× | 4.65× | 5.12× |
| P/B | 1.20× | 0.80× | 1.05× | 1.25× | 1.18× | 1.16× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenues | -1.72B | 33.41M | 69.80M | 191.29M | 118.86M | 93.03M |
| Operating Expenses | -150.10M | 46.07M | 45.02M | 49.06M | 41.10M | 40.30M |
| Operating Income (Loss) | -1.57B | -12.65M | 24.79M | 142.22M | 77.76M | 52.72M |
| Income Tax Expense (Benefit) | -2.42M | -4.09M | 3.77M | 4.59M | 7.57M | 2.24M |
| Net Income (Loss) Attributable to Parent | -1.63B | -37.50M | -19.16M | 88.30M | 30.93M | -12.97M |
| Earnings Per Share, Basic | $-7.46 | $-0.17 | $-0.09 | $0.40 | $0.14 | $-0.06 |
| Weighted Average Number of Shares Outstanding, Basic | 218.84M | 219.15M | 219.27M | 218.67M | 219.30M | 219.23M |
| Earnings Per Share, Diluted | $-7.46 | $-0.17 | $-0.09 | $0.39 | $0.14 | $-0.05 |
| Weighted Average Number of Shares Outstanding, Diluted | 218.84M | 224.58M | 219.27M | 223.98M | 223.10M | 223.23M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 702.58M | 566.44M | 677.65M | 372.25M | 486.64M | 469.93M |
| Assets | 4.27B | 6.64B | 6.69B | 6.33B | 6.18B | 6.18B |
| Long-term Debt | 2.40B | 2.13B | 2.14B | 1.78B | 1.76B | 1.76B |
| Liabilities | 2.76B | 3.51B | 3.50B | 3.10B | 3.02B | 2.92B |
| Stockholders' Equity Attributable to Parent | 827.93M | 2.45B | 2.50B | 2.50B | 2.43B | 2.42B |
| Common Stock, Shares, Outstanding | 219.07M | 218.90M | 218.81M | 218.80M | 218.32M | 219.42M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -136.63M | -79.90M | 50.89M | 70.94M | 155.17M | -18.66M |
| Payments to Acquire Property, Plant, and Equipment | 41.00K | 99.00K | 185.00K | 127.00K | 24.00K | 522.00K |
| Net Cash Provided by (Used in) Investing Activities | -2.90M | -357.00K | -8.44M | -127.00K | -24.00K | -522.00K |
| Payments for Repurchase of Common Stock | 3.65M | 0 | 15.31M | 15.31M | 15.31M | 0 |
| Payments of Dividends | — | — | — | — | 0 | — |
| Net Cash Provided by (Used in) Financing Activities | 276.02M | -31.21M | 163.62M | -170.53M | -139.17M | -83.43M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (BUR CIK 0001714174),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.