Burford Capital LtdBUREarnings & Financial Report
Burford Capital is a financial services company that provides specialized finance to the legal market. Founded in 2009, it offers financing to corporate legal departments and law firms engaged in litigation and arbitration, asset recovery and other legal finance and advisory activities. It operates internationally with headquarters in Guernsey.
Revenue
$69.8M
Gross Profit
N/A
Operating Profit
$24.8M
Net Profit
$-19.2M
Gross Margin
N/A
Operating Margin
35.5%
Net Margin
-27.4%
YoY Growth
N/A
EPS
$-0.09
Burford Capital Ltd Q3 FY2025 Financial Summary
Burford Capital Ltd reported revenue of $69.8M for Q3 FY2025, with a net profit of $-19.2M (-27.4% margin).
Key Financial Metrics
| Total Revenue | $69.8M |
|---|---|
| Net Profit | $-19.2M |
| Gross Margin | N/A |
| Operating Margin | 35.5% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
Burford Capital Ltd Q3 FY2025 revenue of $69.8M breaks down across 3 segments, led by Principal Finance Segment at $68.7M (98.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Principal Finance Segment | $68.7M | 98.5% |
| Asset Management1 | $2.5M | 3.6% |
| Performance Fee Income | $1.2M | 1.7% |
Burford Capital Ltd Revenue by Segment — Quarterly Trend
Burford Capital Ltd revenue by segment across the last 4 reported quarters, showing how each business line (such as Principal Finance Segment and Asset Management1) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Principal Finance Segment | $29.1M | $68.7M | $164.0M | $97.7M |
| Asset Management1 | — | $2.5M | — | — |
| Performance Fee Income | — | $1.2M | — | — |
Burford Capital Ltd Annual Revenue by Year
Burford Capital Ltd annual revenue history includes year-by-year totals (for example, 2025 revenue was $413.4M).
| Year | Annual Revenue |
|---|---|
| 2025 | $413.4M |
Burford Capital Ltd Quarterly Revenue & Net Profit History
Burford Capital Ltd results over the last 6 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $33.4M | — | $-37.5M | -112.2% |
| Q3 FY2025 | $69.8M | — | $-19.2M | -27.4% |
| Q2 FY2025 | $191.3M | +19.8% | $88.3M | 46.2% |
| Q1 FY2025 | $118.9M | +168.3% | $30.9M | 26.0% |
| Q2 FY2024 | $159.7M | — | $53.7M | 33.7% |
| Q1 FY2024 | $44.3M | — | $-29.9M | -67.6% |
Income Statement
| Q1 2024 | Q2 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $44.3M | $159.7M | $118.9M | $191.3M | $69.8M | $33.4M |
| YoY Growth | N/A | N/A | 168.3% | 19.8% | N/A | N/A |
Balance Sheet
| Q1 2024 | Q2 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|
| Assets | N/A | N/A | $6.18B | $6.33B | $6.69B | $6.64B |
| Liabilities | N/A | N/A | $3.02B | $3.10B | $3.50B | $3.51B |
| Equity | $3.13B | $3.23B | $2.43B | $2.50B | $2.50B | $2.45B |
Cash Flow
| Q1 2024 | Q2 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|
| Operating CF | $53.0M | $-97.4M | $155.2M | $-84.2M | $-20.1M | $-29.0M |