{ "ok": true, "cik": "1714174", "ticker": "BUR", "name": "BURFORD CAPITAL LIMITED", "filings": [ { "form": "8-K", "filed": "2026-09-17", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1714174/000171417426000101/0001714174-26-000101-index.htm" }, { "form": "8-K", "filed": "2026-09-14", "items": [ "8.01 Other Events" ], "url": "https://www.sec.gov/Archives/edgar/data/1714174/000171417426000099/0001714174-26-000099-index.htm" }, { "form": "10-Q", "filed": "2026-08-06", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1714174/000171417426000097/0001714174-26-000097-index.htm" }, { "form": "8-K", "filed": "2026-08-06", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1714174/000171417426000096/0001714174-26-000096-index.htm" }, { "form": "8-K", "filed": "2026-05-14", "items": [ "5.07 Submission of Matters to a Vote of Security Holders" ], "url": "https://www.sec.gov/Archives/edgar/data/1714174/000171417426000071/0001714174-26-000071-index.htm" }, { "form": "10-Q", "filed": "2026-05-08", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1714174/000171417426000068/0001714174-26-000068-index.htm" } ], "events12m": 13, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001714174.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1714174" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets, no buy or sell views.", "edgar": "🫧 Edgar looked up BURFORD CAPITAL LIMITED ($BUR). Last filing: 8-K (1.01 Entry into a Material Definitive Agreement), 2026-09-17. 13 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 413360000, "revenueGrowth1y": -0.24305101568065157, "revenueGrowthPerYear": 0.08993620105573319, "yearsOfData": 4, "operatingMargin": 0.5615226437004064, "operatingMarginPrior": 0.7152743061087335, "netMargin": 0.17463712018579447, "operatingCashFlow": -29014000, "capitalSpending": 284000, "freeCashFlow": -29298000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 566437000, "longTermDebt": 2127829000, "longTermDebtChange": 0.20651764673862494, "revenueHistory": [ { "fiscalYearEnd": "2022-12-31", "revenue": 319227000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 1086902000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 546087000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 413360000 } ], "totalEquity": 2448022000, "totalAssets": 6641172000, "equityRatio": 0.368612949642021, "returnOnEquity": 0.029488297082297464, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": 12.5, "dividendYearsRising": 0, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "range80": { "low": 301099676.10874814, "high": 483942912.488173, "baseline": 381718656.32447785, "n": 4309, "band": "b01" }, "ifPaceHeld": { "low": 301099676.10874814, "high": 483942912.488173 } }, "edgarette": "🔖 Exposure: revenue $413.4M (FY2025), total debt $2.1B. Experience: revenue down 24.3% on the year, up 9.0% a year over 3 years; operating margin 56.2%, down from 71.5%. Soundness: equity 36.9% of assets, return on equity 2.9%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $301.1M and $483.9M next year (method v3, set from 4,309 SEC company-years; on a year the method never saw, 83% landed inside). A range, not a forecast. Against peers (36 filers, $50M+ revenue, finance services): operating margin 56.2% against a -6.4% median; growth -24.3% against 16.8%.", "peers": { "sic": 6199, "sicDescription": "Finance Services", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "6199", "growth": [ 0.1678, 51 ], "opMargin": [ -0.0639, 36 ], "equityRatio": [ 0.4195, 46 ], "returnOnEquity": [ -0.0512, 41 ] }, "summary": "Burford Capital Limited (BUR) saw revenue fall 24.3% in FY2025 to $413 million, operating margin 56.2% against a -6.4% median for finance services, equity 36.9% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
BURFORD CAPITAL LIMITED against its own record and its peers
Operating marginPeer median -6.4%56.2%Revenue, on the yearPeer median 16.8%-24.3%Equity of assetsPeer median 41.9%36.9%Return on equityPeer median -5.1%2.9%Gold tick: the median of 41–46 peers with $50M+ revenue in finance services
", "chartHorizon": "
Handed back now, or kept to compound
Of each dollar of profitHanded back per share$12.5Revenue growth it managed-24.3%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 0, "hits": 0, "rate": null, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T14:01:00.861Z", "hash": "478401e43f40d2ed", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Burford Capital Limited (BUR) saw revenue fall 24.3% in FY2025 to $413 million, operating margin 56.2% against a -6.4% median for finance services, equity 36.9% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 413360000, "totalDebt": 2127829000, "cash": 566437000 }, "experience": { "revenueGrowth1y": -0.24305101568065157, "revenueGrowthPerYear": 0.08993620105573319, "operatingMargin": 0.5615226437004064, "operatingMarginPrior": 0.7152743061087335, "netMargin": 0.17463712018579447, "freeCashFlow": -29298000 }, "soundness": { "equityRatio": 0.368612949642021, "returnOnEquity": 0.029488297082297464, "payoutRatio": null, "dividendPerShare": 12.5, "dividendYearsRising": 0, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 6199, "sicDescription": "Finance Services", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "6199", "growth": [ 0.1678, 51 ], "opMargin": [ -0.0639, 36 ], "equityRatio": [ 0.4195, 46 ], "returnOnEquity": [ -0.0512, 41 ] }, "credibility": { "auditedYears": 4, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "range": { "low": 301099676.10874814, "high": 483942912.488173, "baseline": 381718656.32447785, "coverage": 0.8, "method": "v3", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); range = 10th to 90th percentile of how SEC company-years of the same size band actually turned out", "calibratedOn": { "companyYears": 4309, "sizeBand": "b01" }, "kind": "a calibrated range, not a forecast; no view on the share price", "track": { "backtest": { "tests": 0, "hits": 0, "rate": null, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T14:01:00.861Z", "hash": "478401e43f40d2ed", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001714174.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1714174" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }