Burford Capital Limited logo

Burford Capital Limited

BUR

NYSEFinancial ServicesAsset Management

Previous close

$4.31

+$0.05 · +1.17%

Aug 21, 4:00 PM ET

Pre-market

$4.29

−$0.02 · -0.46%

Aug 24, 5:33 AM ET

BUR company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

78

Undervalued

Momentum

22

Weakening

Sentiment

69

Bullish

Risk resilience

42

Elevated Risk

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Company profile

Company website

Burford Capital Limited provides legal finance products and services worldwide. The company operates in two segments, Principal Finance, and Asset Management and Other Services. The Principal Finance segment provides capital against the underlying value of high-value single or multiple litigation and arbitration matters at any stage of the process from before filing to after a final judgment has been entered; and to a law firm that has agreed to take a case on a contingent fee or alternative fee basis, as well as directly to the client. This segment also offers legal risk management and adverse legal cost insurance services. The Asset Management and Other Services segment manages legal finance assets on behalf of third-party investors, as well as provides other services to the legal industry. The company was incorporated in 2009 and is based in Saint Peter Port, Guernsey.

Industry
Asset Management
Sector
Financial Services
Headquarters
GG
CEO
Christopher Bogart
Listed since
Oct 19, 2020
Employees
172

Market position

Day range

Current $4.31

52-week range

Current $4.31

Open
$4.28
Previous close
$4.26
Volume
909.42K
0.38× average
Average volume
2.42M
Average daily volume
Market cap
944.17M USD
Beta
1.07
Market reference 1
50-day average
$4.2358
+1.75% above average
200-day average
$6.6825
-35.50% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
3.54B USD
P/E (TTM)
28.73×
P/B (TTM)
1.15×
P/S (TTM)
-0.69×
EV / EBITDA
42.16×
Earnings yield
3.20%
Free cash flow yield
-1.50%
Dividend yield
2.90%

Profitability & efficiency

Gross margin
-15.49%
Operating margin
107.13%
Net margin
116.68%
Return on equity
2.56%
Return on assets
0.94%
Return on invested capital
9.11%

Financial health

Debt / equity
2.95×
Current ratio
2.95×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends111%61%11%-39%Gross margin, FY2021: 47.79%Gross margin, FY2022: 72.29%Gross margin, FY2023: 98.47%Gross margin, FY2024: 72.26%Gross margin, FY2025: 57.02%Operating margin, FY2021: 2.58%Operating margin, FY2022: 40.28%Operating margin, FY2023: 75.60%Operating margin, FY2024: 53.70%Operating margin, FY2025: 24.73%Net margin, FY2021: -26.59%Net margin, FY2022: 11.27%Net margin, FY2023: 56.59%Net margin, FY2024: 31.02%Net margin, FY2025: 18.41%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 47.79%. Gross margin FY2022 72.29%. Gross margin FY2023 98.47%. Gross margin FY2024 72.26%. Gross margin FY2025 57.02%. Operating margin FY2021 2.58%. Operating margin FY2022 40.28%. Operating margin FY2023 75.60%. Operating margin FY2024 53.70%. Operating margin FY2025 24.73%. Net margin FY2021 -26.59%. Net margin FY2022 11.27%. Net margin FY2023 56.59%. Net margin FY2024 31.02%. Net margin FY2025 18.41%.

Income trends

Revenue

339.85M USD-28.04%

Operating income

84.03M USD-66.86%

Net income

62.57M USD-57.28%
Income trends across reported periods1.19B USD746.6M USD303.54M USD−139.52M USDRevenue, FY2021: 108.12M USDRevenue, FY2022: 270.62M USDRevenue, FY2023: 1.08B USDRevenue, FY2024: 472.25M USDRevenue, FY2025: 339.85M USDOperating income, FY2021: 2.79M USDOperating income, FY2022: 109.02M USDOperating income, FY2023: 815.67M USDOperating income, FY2024: 253.59M USDOperating income, FY2025: 84.03M USDNet income, FY2021: −28.75M USDNet income, FY2022: 30.51M USDNet income, FY2023: 610.52M USDNet income, FY2024: 146.48M USDNet income, FY2025: 62.57M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 108.12M USD. Revenue FY2022 270.62M USD. Revenue FY2023 1.08B USD. Revenue FY2024 472.25M USD. Revenue FY2025 339.85M USD. Operating income FY2021 2.79M USD. Operating income FY2022 109.02M USD. Operating income FY2023 815.67M USD. Operating income FY2024 253.59M USD. Operating income FY2025 84.03M USD. Net income FY2021 −28.75M USD. Net income FY2022 30.51M USD. Net income FY2023 610.52M USD. Net income FY2024 146.48M USD. Net income FY2025 62.57M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue339.85M USD472.25M USD1.08B USD270.62M USD108.12M USD
Cost of goods sold146.08M USD131.02M USD16.5M USD74.99M USD56.45M USD
Gross profit193.77M USD341.23M USD1.06B USD195.62M USD51.67M USD
Selling, general, and administrative53.01M USD31.83M USD254.74M USD37.93M USD46.69M USD
Operating expenses109.74M USD87.64M USD246.73M USD86.61M USD48.88M USD
Interest expense146.08M USD131.02M USD94.61M USD74.99M USD56.45M USD
Depreciation and amortization13.54M USD4.36M USD3.19M USD
Operating income84.03M USD253.59M USD815.67M USD109.02M USD2.79M USD
Net income62.57M USD146.48M USD610.52M USD30.51M USD−28.75M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
30%
3 beats, 7 misses, 0 met estimates
Average EPS surprise
+22.90%
10 comparable reports
Latest EPS result
0.01
Estimate 0.08 · Miss by 87.50%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.450.90.35-0.2Q2 '25MissQ2 '25MissQ3 '25BeatQ4 '25MissQ2 '26BeatQ2 '26EstimateQ3 '26MissQ4 '26Estimate
Q2 2025, reported May 7, 2025: actual 0.14, estimate 0.3, surprise -53.33%, Miss. Q2 2025, reported May 12, 2025: actual 0.14, estimate 0.3, surprise -53.33%, Miss. Q3 2025, reported Aug 7, 2025: actual 0.39, estimate 0.33, surprise +18.18%, Beat. Q4 2025, reported Nov 5, 2025: actual -0.09, estimate 0.305, surprise -129.52%, Miss. Q2 2026, reported May 8, 2026: actual 1.34, estimate 0.172, surprise +677.26%, Beat. Q2 2026, reported Jun 16, 2026: actual —, estimate 0.18, surprise —, Comparison unavailable. Q3 2026, reported Aug 6, 2026: actual 0.01, estimate 0.08, surprise -87.50%, Miss. Q4 2026, reported Nov 4, 2026: actual —, estimate 0.09, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates344.22M-394.96M-1.13B-1.87BQ2 '25MissQ2 '25MissQ3 '25BeatQ4 '25MissQ2 '26MissQ2 '26EstimateQ3 '26BeatQ4 '26Estimate
Q2 2025, reported May 7, 2025: actual 118.86M USD, estimate 146.08M USD, surprise -18.63%, Miss. Q2 2025, reported May 12, 2025: actual 108.34M USD, estimate 155.32M USD, surprise -30.25%, Miss. Q3 2025, reported Aug 7, 2025: actual 191.29M USD, estimate 155.32M USD, surprise +23.16%, Beat. Q4 2025, reported Nov 5, 2025: actual 68.69M USD, estimate 158.01M USD, surprise -56.53%, Miss. Q2 2026, reported May 8, 2026: actual -1.72B USD, estimate 136.1M USD, surprise -1364.05%, Miss. Q2 2026, reported Jun 16, 2026: actual —, estimate 136.1M USD, surprise —, Comparison unavailable. Q3 2026, reported Aug 6, 2026: actual 110.68M USD, estimate 103.08M USD, surprise +7.38%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 109.13M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$5.00

16.01% upside
Past 12 months12-month forecastHigh $5.00Average $5.00Low $5.00

Rating distribution

3 ratings

Limited analyst sample: 3 ratings. Interpret the distribution with caution.

Strong buy00%
Buy267%
Hold133%
Sell00%
Strong sell00%

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.1251

2025 complete year-33.3% since 2021

2026 partial: $0.0625

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend May 22, 2026

$0.0625

Semi-Annual

Record May 22, 2026 · Payment Jun 12, 2026

Dividend

Ex-dividend Oct 31, 2025

$0.0625

Semi-Annual

Record Oct 31, 2025 · Payment Dec 4, 2025

Dividend

Ex-dividend May 23, 2025

$0.0626

Semi-Annual

Record May 23, 2025 · Payment Jun 13, 2025

Dividend

Ex-dividend Nov 1, 2024

$0.0626

Semi-Annual

Record Nov 1, 2024 · Payment Dec 5, 2024

Dividend

Ex-dividend May 23, 2024

$0.0623

Semi-Annual

Record May 24, 2024 · Payment Jun 14, 2024

Dividend

Ex-dividend Nov 9, 2023

$0.0613

Semi-Annual

Record Nov 10, 2023 · Payment Dec 7, 2023

BUR peers

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