Burford Capital (BUR) Operating Expenses (2019 - 2026)
Burford Capital (BUR) reported Operating Expenses of -$150.1 million for Q1 2026, down 465.19% year-over-year from $41.1 million in Q1 2025, and down 425.82% on a QoQ basis from $46.1 million in Q4 2025.
Burford Capital (BUR) has 8 years of Operating Expenses data on file, last reported at -$150.1 million in Q1 2026.
- Quarterly Operating Expenses fell 465.19% year-over-year to -$150.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$9.9 million (down 105.98% YoY) and the FY2025 annual result came in at $181.2 million, up 16.57% from the prior year.
- Operating Expenses declined to -$150.1 million in Q1 2026 per BUR's latest filing, from $46.1 million in the prior quarter.
- Across five years, Operating Expenses topped out at $120.2 million in Q4 2023 and bottomed at -$150.1 million in Q1 2026.
- The 5-year median for Operating Expenses is $42.1 million (2022), against an average of $34.2 million.
- The widest annual swing landed in 2023, when Operating Expenses surged 185.42%; it then sank 465.19% in 2026.
- Tracing BUR's Operating Expenses over 5 years: stood at $42.1 million in 2022, then soared by 185.42% to $120.2 million in 2023, then slumped by 66.48% to $40.3 million in 2024, then gained by 14.3% to $46.1 million in 2025, then plunged by 425.82% to -$150.1 million in 2026.
- Per Business Quant, the three latest BUR Operating Expenses figures stand at -$150.1 million (Q1 2026), $46.1 million (Q4 2025), and $45.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 3.88 Bn |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 2.26 Bn |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 3.87 Bn |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 733.00 Mn |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 4.68 Bn |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | 2.81 Bn |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 3.67 Bn |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | 1.51 Bn |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 1.17 Bn |
| 10 | Burford Capital | 1.01 Bn | -2.13 Bn | - | -150.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -150.10 Mn |
| Dec 31, 2025 | 46.07 Mn |
| Sep 30, 2025 | 45.02 Mn |
| Jun 30, 2025 | 49.07 Mn |
| Mar 31, 2025 | 41.10 Mn |
| Dec 31, 2024 | 40.30 Mn |
| Sep 30, 2024 | 46.89 Mn |
| Jun 30, 2024 | 38.15 Mn |
| Mar 31, 2024 | 30.14 Mn |
| Dec 31, 2023 | 120.24 Mn |
| Sep 30, 2023 | 53.07 Mn |
| Jun 30, 2023 | 43.63 Mn |
| Mar 31, 2023 | 54.30 Mn |
| Dec 31, 2022 | 42.13 Mn |
| Sep 30, 2022 | 25.32 Mn |
| Jun 30, 2022 | 26.54 Mn |
| Mar 31, 2022 | 30.29 Mn |
| Dec 31, 2021 | -142.19 Mn |
| Dec 31, 2020 | -116.62 Mn |
| Jun 30, 2019 | -40.62 Mn |