Burford Capital Limited (BUR) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 | Q4'21 | Q2'21 | Q4'20 | Q2'20 | Q4'19 | Q2'19 | Q4'18 | Q2'18 |
|---|
| Sales/Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | -34.33M | 13.11M | 140.87M | 74.46M | -11.36M | 194.01M | 107.23M | 4.76M | 130M | 8.19M | 89.73M | 14.68M | 124.93M | 92.12M | 65.55M | 221.78M | 22.73M | 251.67M | 170.4M | 184.2M |
| Gross Margin % | -583.05% | 24.58% | 80.57% | 68.73% | -62.28% | 85.37% | 75.68% | 12.76% | 84.46% | 43.8% | 100% | 80.03% | 97.83% | 97.32% | 66.63% | 85.48% | 31.68% | 86.1% | 77.82% | 88.78% |
| Gross Profit Growth % | -202.31% | -93.24% | 31.38% | 1463.61% | -108.74% | - | 1208.63% | - | 44.88% | -44.19% | -28.18% | -84.06% | 90.6% | -58.46% | 188.33% | -11.88% | -86.66% | 36.63% | 28.01% | 19.44% |
| Operating Expenses | 19.37M | 29.6M | 31.13M | 29.98M | -27.55M | 24.68M | 20.26M | 23.66M | -14.5M | 18.71M | 89.73M | 18.35M | 68.72M | 86.89M | 90.29M | 13.39M | 4.03M | 5.22M | 4.72M | 6.22M |
| OpEx % of Revenue | 328.94% | 55.51% | 17.8% | 27.67% | -151.06% | 10.86% | 14.3% | 63.39% | -9.42% | 100% | 100% | 100% | 53.82% | 91.8% | 91.78% | 5.16% | 5.62% | 1.79% | 2.16% | 3% |
| Selling, General & Admin | 11.79M | 14.32M | 12.11M | 14.79M | -83.36M | 10.27M | 9.15M | 8.14M | 25M | 15.26M | 22.33M | 10.01M | 61.33M | 82.11M | 99.13M | 0 | 0 | 0 | 0 | 0 |
| SG&A % of Revenue | 200.2% | 26.86% | 6.93% | 13.65% | -457.15% | 4.52% | 6.46% | 21.8% | 16.24% | 81.59% | 24.88% | 54.53% | 48.03% | 86.75% | 100.77% | - | - | - | - | - |
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | -53.7M | -16.5M | 109.75M | 44.48M | 16.19M | 169.33M | 86.97M | -18.9M | 144.49M | -10.51M | 0 | -3.66M | 63.59M | 10.01M | 24.2M | 213.03M | 16.23M | 246.92M | 165.65M | 179.45M |
| Operating Margin % | -911.99% | -30.93% | 62.77% | 41.05% | 88.78% | 74.51% | 61.38% | -50.64% | 93.88% | -56.2% | - | -19.97% | 49.8% | 10.57% | 24.6% | 82.11% | 22.62% | 84.48% | 75.65% | 86.5% |
| Operating Income Growth % | -431.69% | -109.74% | 26.19% | 335.31% | -88.8% | - | 927.33% | - | - | -186.98% | -100% | -136.6% | 162.79% | -95.3% | 49.1% | -13.73% | -90.2% | 37.6% | 30.16% | 24.17% |
| EBITDA | -53.7M | -16.5M | 109.75M | 44.48M | 16.19M | 169.33M | 86.97M | -18.9M | 144.49M | -10.51M | 0 | -3.66M | 73.77M | 10.52M | 29.59M | 218.32M | 19.91M | 253.4M | 170.69M | 184.53M |
| EBITDA Margin % | -911.99% | -30.93% | 62.77% | 41.05% | 88.78% | 74.51% | 61.38% | -50.64% | 93.88% | -56.2% | - | -19.97% | 57.77% | 11.11% | 30.09% | 84.15% | 27.75% | 86.69% | 77.95% | 88.94% |
| EBITDA Growth % | -431.69% | -109.74% | 26.19% | 335.31% | -88.8% | - | 927.33% | - | - | -186.98% | -100% | -134.83% | 149.27% | -95.18% | 48.64% | -13.84% | -88.34% | 37.32% | 27.98% | 22.56% |
| D&A (Non-Cash Add-back) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.18M | 511K | 5.39M | 5.29M | 3.68M | 6.48M | 5.03M | 5.08M |
| EBIT | -53.7M | -16.5M | 109.75M | 44.48M | 16.19M | 169.33M | 86.97M | -18.9M | 144.49M | -1.56M | -120.93M | 12.89M | 63.59M | 10.01M | 24.2M | 213.03M | 16.23M | 246.92M | 165.65M | 179.45M |
| Net Interest Income | -40.22M | -40.22M | -33.98M | -33.88M | -29.59M | -33.26M | -34.47M | -32.57M | -23.91M | -15.44M | -20.46M | -2.93M | 33M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.81M | 0 | 16.86M | 33M | 0 | 0 | 0 | 0 | 19.73M | 19.63M | 18.91M |
| Interest Expense | 40.22M | 40.22M | 33.98M | 33.88M | 29.59M | 33.26M | 34.47M | 32.57M | 23.91M | 20.26M | 20.46M | 19.79M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | -53.7M | -16.5M | 109.75M | 44.48M | 16.19M | 169.33M | 86.97M | -18.9M | 144.49M | -11.31M | 100.47M | -3.23M | 23.2M | -20.41M | 21.62M | 188.62M | -1.19M | 226.71M | 146.05M | 159.06M |
| Pretax Margin % | -911.99% | -30.93% | 62.77% | 41.05% | 88.78% | 74.51% | 61.38% | -50.64% | 93.88% | -60.45% | 111.97% | -17.61% | 18.17% | -21.57% | 21.98% | 72.7% | -1.66% | 77.56% | 66.7% | 76.67% |
| Income Tax | -4.09M | 3.77M | 4.59M | 7.57M | 2.24M | 11.47M | 11.7M | -1.4M | 4.53M | 8.97M | 754K | 14.94M | 10.29M | -559K | -227K | 37.16M | 7.18M | 6.24M | -10.7M | -1.76M |
| Effective Tax Rate % | 7.62% | -22.89% | 4.19% | 17.02% | 13.86% | 6.77% | 13.45% | 7.43% | 3.14% | -79.32% | 0.75% | -462.6% | 44.33% | 2.74% | -1.05% | 19.7% | -603.36% | 2.75% | -7.33% | -1.11% |
| Net Income | -37.5M | -19.16M | 88.3M | 30.93M | -12.97M | 135.64M | 53.75M | -29.94M | 100.09M | -21.54M | 81.91M | -49.35M | -161K | -28.59M | 13.66M | 151.45M | -8.37M | 220.48M | 156.76M | 160.82M |
| Net Margin % | -636.84% | -35.92% | 50.5% | 28.55% | -71.12% | 59.68% | 37.93% | -80.2% | 65.03% | -115.15% | 91.29% | -269.01% | -0.13% | -30.21% | 13.89% | 58.38% | -11.66% | 75.43% | 71.59% | 77.52% |
| Net Income Growth % | -189.15% | -114.12% | 64.28% | 203.31% | -112.96% | - | 349.52% | - | 22.2% | 56.35% | 50978.26% | -72.62% | -101.18% | -118.88% | 263.25% | -31.31% | -105.34% | 37.1% | 34.83% | 20.88% |
| Net Income (Continuing) | -49.6M | -20.27M | 105.15M | 36.91M | 13.95M | 157.86M | 75.27M | -17.5M | 139.96M | -20.28M | 99.72M | -18.17M | 12.92M | -19.85M | 21.85M | 151.45M | -8.37M | 220.48M | 156.76M | 160.82M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 679.71M | 691.24M | 725.37M | 726.21M | 837.4M | 865.24M | 929.12M | 863.81M | 916.92M | 794.04M | 644.49M | 481.41M | 388.9M | 0 | 260.35M | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.17 | -0.09 | 0.39 | 0.14 | -0.06 | 0.61 | 0.24 | -0.14 | 0.45 | -0.10 | 0.37 | -0.21 | -0.00 | -0.13 | 0.06 | 0.69 | -0.04 | 1.01 | 0.73 | 0.77 |
| EPS Growth % | -192.6% | -114.75% | 62.5% | 200% | -112.91% | - | 347.17% | - | 21.62% | 53.76% | - | -61.54% | -101.12% | -118.84% | 263.78% | -31.68% | -105.22% | 31.17% | 30.36% | 28.33% |
| EPS (Basic) | -0.17 | -0.09 | 0.40 | 0.14 | -0.06 | 0.62 | 0.25 | -0.14 | 0.46 | -0.10 | 0.36 | -0.21 | -0.00 | -0.13 | 0.06 | 0.69 | -0.04 | 1.01 | 0.73 | 0.77 |
| Diluted Shares Outstanding | 218.9M | 219.27M | 223.98M | 223.1M | 223.23M | 223.56M | 223.43M | 218.93M | 224.1M | 221.93M | 220.43M | 230.93M | 219.05M | 219.05M | 219.05M | 219.69M | 219.87M | 219.37M | 213.95M | 208.72M |
| Basic Shares Outstanding | 218.9M | 219.27M | 218.67M | 219.3M | 219.42M | 219.41M | 219.05M | 218.93M | 223.52M | 222.32M | 224.85M | 230.93M | 219.35M | 219.05M | 237.49M | 219.49M | 218.65M | 219.37M | 213.87M | 208.72M |
| Dividend Payout Ratio | - | - | 15.48% | - | - | - | 25.48% | - | 13.77% | - | 17.08% | - | - | - | - | - | - | 8.76% | 5.12% | 10.29% |