Burford Capital Limited provides legal finance products and services worldwide. The company operates in two segments, Principal Finance, and Asset Management and ...
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Est. EPS $0.17 · Revenue $133.24M · 2 analysts
Est. EPS $-6.78 · Revenue $585.30M · 3 analysts
Est. EPS $0.17 · Revenue $131.62M · 1 analysts
Est. EPS $0.23 · Revenue $152.71M · 1 analysts
$0.06 per share
$0.06 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $339.9M | -28.0% | -3107.8% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $62.6M | -57.3% | -8408.4% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +57.0% | -21.1% | -123.5% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +24.7% | -54.0% | +403.8% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +18.4% | -40.6% | +382.9% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $-29.3M | -113.6% | -321.5% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | -8.6% | -118.8% | +114.0% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 88.0% | +19.7% | +241.4% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 2.95x | -94.8% | +171.9% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $6.6B | +7.5% | -36.1% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 0.28 vs 1.00 | -71.9% | 0.01 vs 0.08 | -87.0% |
| Revenue Surprise | $339.9M vs $581.9M | -41.6% | $-1.6B vs $103.1M | -1656.0% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Jun 15, 2026 | BOGART CHRISTOPHER P | director, officer: Chief Executive Officer | Phantom RSUs | D | 121,880 | — |
| Jun 15, 2026 | BOGART CHRISTOPHER P | director, officer: Chief Executive Officer | Ordinary shares, no par value ("Ordinary Shares") | A | 121,880 | — |
| Jun 15, 2026 | BOGART CHRISTOPHER P | director, officer: Chief Executive Officer | Ordinary Shares | D | 18,294 | $4.64 |
| Jun 15, 2026 | OCONNELL ELIZABETH | officer: Chief Strategy Officer | Phantom RSUs | D | 42,112 | — |
| Jun 15, 2026 | OCONNELL ELIZABETH | officer: Chief Strategy Officer | Ordinary shares, no par value ("Ordinary Shares") | A | 42,112 | — |
Operator: Thank you for standing by. My name is Bailey, and I will be your conference operator today. At this time, I would like to welcome everyone to the Burford Capital Fiscal Year 2025 and Fourth Quarter 2025 Financial Results Conference Call and Audio Webcast. [Operator Instructions] I would now like to turn the call over to Josh Wood, Head of Investor Relations. You may begin. Josh Wood: Thank you, Bailey. Good morning, everyone, and thank you for joining us to discuss Burford's fourth quarter and full year 2025 results. On the call, we have our Chief Executive Officer, Chris Bogart; our Chief Investment Officer, Jon Molot; and our Chief Financial Officer, Jordan Licht. Earlier this morning, we posted a detailed earnings presentation, which we'll refer to during the call, as well as our annual shareholder letter, and we also filed our Form 10-K for 2025. If you haven't already, you can find all of these materials on our Investor Relations website. Before we get started, just a reminder that today's call may contain forward-looking statements that involve certain risks, uncertainties, and other factors that could cause actual results to differ materially from those discussed during the call. For information regarding these risk factors, please refer to our earnings materials relating to this call posted on our website and our filings with the SEC. We will also be referring to certain non-GAAP financial measures during the call. Please refer to today's earnings materials and our filings with the SEC for additional information, including reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures. With that, I'll turn the call over to Chris. Christopher Bogart: Thanks, Josh, and thanks, everybody, for joining us today. I'm going to take you through some key messages, and I'm going to start on Slide 9 of the presentation deck. And what I'd really emphasize about what happened in 2025 is that we had a standout year when it came to new business, which is the thing that we really have the largest amount of control over in this business. So we saw -- as you can see here, we saw very significant numbers, taking us well on our way to meeting our longer-term goals of doubling the base portfolio by 2030. If we were to keep on, on this clip, we would significantly exceed that goal. So that was just a terrific performance across the board: new definitive commitments, deployments, we added a net of $700 million of additional modeled realizations to the overall portfolio, taking that number to north of $5 billion now. So we're very pleased with how the year went from that perspective. As all of you will be aware, our realization activity, while still robust, was not as strong as it was last year. And that, of course, was a disappointment to us. That's, of course, also something that we have less control over, and it's something that as longtime observers of this business know, it's something that can ebb and flow …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Christopher Bogart | Co-Founder, Chief Executive Officer & Director | USD 8,247,479 | Male | 1965 | Active |
Jonathan T. Molot | Co-Founder & Chief Investment Officer | USD 7,693,222 | Male | 1967 | Active |
Elizabeth O'Connell | Chief Strategy Officer | USD 2,589,336 | Female | 1966 | Active |
Craig Geoffrey Arnott | Chief Investment Officer of International | USD 2,441,435 | Male | 1966 | Active |
Jordan Licht | CFO & Chief Administrative Officer | USD 2,355,208 | Male | 1978 | Active |
David Perla | Vice Chair & MD | — | Male | 1970 | Active |
Travis D. Lenkner | Chief Operating Officer | — | Male | 1979 | Active |
Monika Kumari Singh | Chief Compliance Officer | — | Female | — | Active |
Daniel Hall | Co-Founder, MD & Co-Heads of EMEA | — | Male | — | Active |
Mark N. Klein | Chief Administrative Officer & General Counsel | — | Male | 1968 | Active |
Charles Utley | Chief Accounting Officer | — | Male | — | Active |
Burford Capital NYSE: BUR reported a near break-even second quarter for 2026 while highlighting higher cash realizations, a large liquidity position and recent favorable developments across its litigation-finance portfolio.
Burford Capital Limited (BUR) Q2 2026 Earnings Call Transcript
NEW YORK, Aug. 6, 2026 /PRNewswire/ -- 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 http://investors.burfordcapital.com.
Burford Capital (NYSE: BUR - Get Free Report) is expected to post its Q2 2026 results before the market opens on Thursday, August 6th. Analysts expect Burford Capital to post earnings of $0.08 per share and revenue of $103.0780 million for the quarter. Investors can check the company's upcoming Q2 2026 earning summary page for the
Burford Capital Limited (LON: BUR - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 457.15 and traded as low as GBX 299.40. Burford Capital shares last traded at GBX 300.60, with a volume of 11,108,612 shares traded. Wall Street
