MARKETS / NYSE / BUR

NYSE · FINANCE SERVICES · LARGE CAP

Burford Capital Ltd. BUR

7 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$413.4M

▼ 24.3% YoY

Net income

$62.6M

▼ 57.3% YoY

Free cash flow

$-29.3M

▼ 113.6% YoY

In brief

What this company does

Burford Capital Limited provides capital to clients engaged in ongoing legal disputes, which they can use both to pay the legal fees and expenses associated with disputes and to monetize the expected future value of disputes. It manages a group-wide legal finance portfolio of $7.5 billion. As of December 31, 2025, it had a total of 172 full-time employees across offices in the United States, the United Kingdom, Singapore, United Arab Emirates and other jurisdictions around the world. It provides legal finance services to clients through two segments, Principal Finance and Asset Management and Other Services. Burford Capital Limited was incorporated in the Bailiwick of Guernsey as a closed-end fund company limited by shares on September 11, 2009, with a view to list the vehicle on the London Stock Exchange through an offering of new shares.

Written from the business description in BURFORD CAPITAL LIMITED's annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth

USD 413.4M

Revenue, FY2025 · full 7-year series below

Revenue $B Net income $B

FY2025 · Revenue 0.4 · Net income 0.1

Compound annual growth

Revenue

+9.0%

+4.7%

Net income

+27.1%

−15.3%

EPS, diluted

+26.0%

−15.5%

Dividend / share

+0.0%

Returned to shareholders

−21.3%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +4.7% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

17 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 56.2% · Net 17.5%

ROE

FY2025 · ROE 2.6%

Gross margin—

Operating margin56.2%

Net margin17.5%

Return on assets1.1%

EBITDA—

Each USD of equity produced 3 cents of profit this year.

Cash & shareholders

USD 15.3M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF -29.3

Net buybacks $M Dividends $M

FY2025 · Dividends — · Net buybacks 15.3

Dividends paid—

Net buybacksUSD 15.3M

Share of profit24.5%

Consecutive raises—

USD 15.3M in buybacks — 24% of the year's profit went back to shareholders.

Total assetsUSD 6.6B

EquityUSD 2.4B

CashUSD 566.4M

Gross debtUSD 2.1B

Net debtUSD 1.6B

Net debt stands at 64% of equity.

The 7-year record

7 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019
Revenue $B	0.4	0.5	1.1	0.3	0.2	0.3	0.5
Operating income $B	0.2	0.4	0.8	0.2	0.1	0.2	0.4
EBITDA $B	·	·	0.8	0.2	0.1	0.2	0.4
Income tax $B	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net income $B	0.1	0.1	0.6	0.0	−0.0	0.1	0.3
Free cash flow $B	−0.0	0.2	−0.3	−0.5	−0.6	0.1	−0.3
EPS, diluted $	0.28	0.66	2.74	0.14	−0.13	0.65	1.37
Dividend / sh $	12.50	12.50	12.50	12.50	·	·	·
Payout %	·	·	5	91	−143	·	9
ROE %	2.6	6.2	30.3	1.8	−1.7	8.1	·
Shares out B	0.22	0.22	0.22	0.22	0.22	0.22	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 20 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 37 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityFinance Services

Listed onNYSE

Incorporated inoutside the United States — SEC code Y7

Fiscal year endsDecember 31

Data on record since2019