NYSE$BUR

Burford Capital Ltd · Q3 2025 earnings

Q3 2025 earnings · · Before market open

Briefing

Burford Capital reported Q3 2025 total revenues of $69.8M with a net loss attributable to shareholders of $19.2M.

Third-quarter total revenues fell 72% to $69.8 million as capital provision fair-value gains declined versus a strong prior-year YPF-related unrealized gain. Net loss attributable to Burford shareholders was $19.2 million compared with net income of $135.6 million a year ago. Net realized gains were $70.8 million on $139.4 million of realizations.

  • Q3 total revenues $69.8M (-72% YoY).
  • Net loss to shareholders $19.2M.
  • Net realized gains $70.8M on litigation realizations.
  • Fair-value litigation finance portfolio remains core earnings driver.

Headline financials

Total Revenue

$69.8M

No prior period
EPS (adj)

-$0.03

No prior period
Capital Expenditures

-$185K

No prior period
Free Cash Flow

-$19.3M

No prior period
Net Income

-$19.2M

No prior period
Operating Income

$24.8M

No prior period
Gross Profit

$69.8M

No prior period
Cash & Equivalents

$678M

No prior period
Total Assets

$6.69B

No prior period

Revenue & EPS history

Burford Capital Ltd · Revenue · Quarterly

$69.8M

Q3 2025
Beat estimate in 1 of 3 quarters(33%)
ActualEstimate

Forward guidance

Management discusses Burford Capital's outlook, capital deployment, and key risks as disclosed in the earnings materials and periodic report.

Tailwinds

  • Burford Capital cited progress on strategic priorities in the quarterly filing.
  • Liquidity and balance sheet support continued operations and investment.

Headwinds

  • GAAP profitability remained under pressure in the reported quarter.
  • Macro, competitive, and regulatory factors may affect near-term results.
  • R&D, credit, or project timing can create quarter-to-quarter 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 Q3 2025

Historical avgQ3 2025

-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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