NYSE$BUR

Burford Capital Ltd · Q1 2026 earnings

Q1 2026 earnings ·

Briefing

Burford Capital reported Q1 2026 fair-value revenue of $(1.72)B and a net loss attributable to shareholders of $1.63B, or $(7.46) per share.

For the quarter ended March 31, 2026, Burford reported total revenues of negative $1.72 billion under fair-value accounting, compared with positive $118.9 million in Q1 2025. Net loss attributable to shareholders was $1.63 billion, or $7.46 per share, versus net income of $30.9 million and $0.14 per share a year ago.

  • Fair-value total revenues $(1.72)B vs $118.9M prior year.
  • Net loss attributable to shareholders $1.63B, or $(7.46) per share.
  • Returns driven by litigation outcomes and portfolio fair-value marks.

Headline financials

Total Revenue

-$1.72B

Previous: $119M-1547.4%
EPS (adj)

-$7.46

Previous: $0.14-5428.6%
Capital Expenditures

-$41K

Previous: -$24K-70.8%
Free Cash Flow

-$137M

Previous: $30.9M-542.2%
Net Income

-$1.63B

Previous: $30.9M-5376.8%
Operating Income

-$1.57B

Previous: $77.8M-2119.4%
Gross Profit

-$1.72B

Previous: $119M-1547.4%
Cash & Equivalents

$703M

Previous: $487M+44.4%
Total Assets

$4.27B

Previous: $6.18B-30.9%

Revenue & EPS history

Burford Capital Ltd · Revenue · Quarterly

-$1.72B

Q1 2026-1,547.4%vs Q1 2025
Beat estimate in 1 of 3 quarters(33%)
ActualEstimate

Forward guidance

No quarterly EPS guidance; outlook tied to litigation finance deployments and realizations.

Tailwinds

  • Portfolio returns described as uncorrelated to broad equity markets.

Headwinds

  • Fair-value accounting creates extreme quarterly volatility.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 6 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

-1.3%

Avg return

Earnings day

-2.2%

Avg return

5 days after

-10.9%

Avg return

30 days after

67%

4 / 6 earnings

Positive

+1.7%

Q2 2025

Best reaction

-11.1%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.4%-12.4%-13.8%
Q4 2025-11.1%-10.8%-56.8%
Q3 2025+0.2%-4.1%+2.7%
Q2 2025+1.7%+8.0%+4.5%
Q1 2025+1.3%+3.2%-3.7%
Q4 2024+0.2%+2.8%+1.8%

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