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Side-by-side financial comparison of Burford Capital Ltd (BUR) and INNEOVA Holdings Ltd (INEO). Click either name above to swap in a different company.

Burford Capital Ltd is the larger business by last-quarter revenue ($33.4M vs $30.8M, roughly 1.1× INNEOVA Holdings Ltd). INNEOVA Holdings Ltd runs the higher net margin — 0.8% vs -112.2%, a 113.0% gap on every dollar of revenue. INNEOVA Holdings Ltd produced more free cash flow last quarter ($-1.5M vs $-29.3M).

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.

BUR vs INEO — Head-to-Head

Bigger by revenue
BUR
BUR
1.1× larger
BUR
$33.4M
$30.8M
INEO
Higher net margin
INEO
INEO
113.0% more per $
INEO
0.8%
-112.2%
BUR
More free cash flow
INEO
INEO
$27.8M more FCF
INEO
$-1.5M
$-29.3M
BUR

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
BUR
BUR
INEO
INEO
Revenue
$33.4M
$30.8M
Net Profit
$-37.5M
$243.0K
Gross Margin
19.3%
Operating Margin
-37.9%
3.6%
Net Margin
-112.2%
0.8%
Revenue YoY
Net Profit YoY
EPS (diluted)
$-0.16
$0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BUR
BUR
INEO
INEO
Q4 25
$33.4M
Q3 25
$69.8M
Q2 25
$191.3M
$30.8M
Q1 25
$118.9M
Q3 24
$159.7M
Q2 24
$44.3M
Net Profit
BUR
BUR
INEO
INEO
Q4 25
$-37.5M
Q3 25
$-19.2M
Q2 25
$88.3M
$243.0K
Q1 25
$30.9M
Q3 24
$53.7M
Q2 24
$-29.9M
Gross Margin
BUR
BUR
INEO
INEO
Q4 25
Q3 25
Q2 25
19.3%
Q1 25
Q3 24
Q2 24
Operating Margin
BUR
BUR
INEO
INEO
Q4 25
-37.9%
Q3 25
35.5%
Q2 25
74.3%
3.6%
Q1 25
65.4%
Q3 24
76.1%
Q2 24
32.0%
Net Margin
BUR
BUR
INEO
INEO
Q4 25
-112.2%
Q3 25
-27.4%
Q2 25
46.2%
0.8%
Q1 25
26.0%
Q3 24
33.7%
Q2 24
-67.6%
EPS (diluted)
BUR
BUR
INEO
INEO
Q4 25
$-0.16
Q3 25
$-0.09
Q2 25
$0.39
$0.02
Q1 25
$0.14
Q3 24
$0.24
Q2 24
$-0.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BUR
BUR
INEO
INEO
Cash + ST InvestmentsLiquidity on hand
$943.5M
$2.1M
Total DebtLower is stronger
$2.1B
$2.9M
Stockholders' EquityBook value
$2.4B
$11.2M
Total Assets
$6.6B
$52.6M
Debt / EquityLower = less leverage
0.87×
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BUR
BUR
INEO
INEO
Q4 25
$943.5M
Q3 25
$677.7M
Q2 25
$372.2M
$2.1M
Q1 25
$486.6M
Q3 24
Q2 24
Total Debt
BUR
BUR
INEO
INEO
Q4 25
$2.1B
Q3 25
$2.1B
Q2 25
$1.8B
$2.9M
Q1 25
$1.8B
Q3 24
Q2 24
Stockholders' Equity
BUR
BUR
INEO
INEO
Q4 25
$2.4B
Q3 25
$2.5B
Q2 25
$2.5B
$11.2M
Q1 25
$2.4B
Q3 24
$3.2B
Q2 24
$3.1B
Total Assets
BUR
BUR
INEO
INEO
Q4 25
$6.6B
Q3 25
$6.7B
Q2 25
$6.3B
$52.6M
Q1 25
$6.2B
Q3 24
Q2 24
Debt / Equity
BUR
BUR
INEO
INEO
Q4 25
0.87×
Q3 25
0.86×
Q2 25
0.71×
0.26×
Q1 25
0.72×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BUR
BUR
INEO
INEO
Operating Cash FlowLast quarter
$-29.0M
$-301.0K
Free Cash FlowOCF − Capex
$-29.3M
$-1.5M
FCF MarginFCF / Revenue
-87.7%
-4.8%
Capex IntensityCapex / Revenue
0.8%
3.8%
Cash ConversionOCF / Net Profit
-1.24×
TTM Free Cash FlowTrailing 4 quarters
$21.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BUR
BUR
INEO
INEO
Q4 25
$-29.0M
Q3 25
$-20.1M
Q2 25
$-84.2M
$-301.0K
Q1 25
$155.2M
Q3 24
$-97.4M
Q2 24
$53.0M
Free Cash Flow
BUR
BUR
INEO
INEO
Q4 25
$-29.3M
Q3 25
$-20.1M
Q2 25
$-84.3M
$-1.5M
Q1 25
$155.1M
Q3 24
$-97.4M
Q2 24
$52.9M
FCF Margin
BUR
BUR
INEO
INEO
Q4 25
-87.7%
Q3 25
-28.8%
Q2 25
-44.1%
-4.8%
Q1 25
130.5%
Q3 24
-61.0%
Q2 24
119.5%
Capex Intensity
BUR
BUR
INEO
INEO
Q4 25
0.8%
Q3 25
0.1%
Q2 25
0.1%
3.8%
Q1 25
0.0%
Q3 24
0.0%
Q2 24
0.1%
Cash Conversion
BUR
BUR
INEO
INEO
Q4 25
Q3 25
Q2 25
-0.95×
-1.24×
Q1 25
5.02×
Q3 24
-1.81×
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BUR
BUR

Principal Finance Segment$29.1M87%
Other$3.5M10%
Management Fee Income$878.0K3%

INEO
INEO

Segment breakdown not available.

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