# BURFORD CAPITAL LIMITED (BUR) · Edgar & Edgarette company card

> 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.

SEC CIK 1714174 · fiscal year ended 2025-12-31 · 4 audited years read · [page](https://www.pops4.com/boards/company/BUR) · [JSON](https://www.pops4.com/boards/company/BUR.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $413M |
| Revenue growth, 1 year | -24.3% |
| Revenue growth per year | 9.0% |
| Operating margin | 56.2% (prior year 71.5%) |
| Net margin | 17.5% |
| Operating cash flow | −$29M |
| Capital spending | $284,000 |
| Free cash flow | −$29M |
| Cash | $566M |
| Long-term debt | $2.1B |
| Total assets | $6.6B |
| Total equity | $2.4B |
| Equity ÷ assets | 36.9% |
| Return on equity | 2.9% |
| Dividend per share | $12.5 |
| Dividend years rising | 0 |

## Readings, computed from those figures

- Piotroski F: 1 of 9 (weak)
- Health Harbor boat: Weathered boat · two warning signs · operating cash flow was negative; revenue is hard to predict: its 80% range is ±78%
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

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 $133.0M and $1.1B next year (method v4.1: its own 3-year record of growth weighed at 40% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $78.1M to $1.9B. A statistical range, not company guidance. Against peers (36 filers, $50M+ revenue, finance services): operating margin 56.2% against a -6.4% median; growth -24.3% against 16.8%.

Range logged 2026-09-24, receipt 9ead6e4810ec39f7, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 2, latest 2026-03-06 ([filing](https://www.sec.gov/Archives/edgar/data/1714174/000171417426000010/0001714174-26-000010-index.htm))

## Recent filings

- 10-Q · filed 2026-11-04 · [filing](https://www.sec.gov/Archives/edgar/data/1714174/000171417426000112/0001714174-26-000112-index.htm)
- 8-K · filed 2026-11-04 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1714174/000171417426000111/0001714174-26-000111-index.htm)
- 8-K · filed 2026-09-28 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1714174/000171417426000106/0001714174-26-000106-index.htm)
- 8-K · filed 2026-09-17 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1714174/000171417426000101/0001714174-26-000101-index.htm)
- 8-K · filed 2026-09-14 · 8.01 Other Events · [filing](https://www.sec.gov/Archives/edgar/data/1714174/000171417426000099/0001714174-26-000099-index.htm)
- 10-Q · filed 2026-08-06 · [filing](https://www.sec.gov/Archives/edgar/data/1714174/000171417426000097/0001714174-26-000097-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001714174.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1714174

## Cite

POPS4, Edgar & Edgarette: BURFORD CAPITAL LIMITED (BUR) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/BUR. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

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.