Burford Capital (BUR) Operating Expenses (2024 - 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% quarter-over-quarter from $46.1 million in Q4 2025.

Burford Capital (BUR) Operating Expenses (2024 - 2026) Analysis & Trends

Burford Capital (BUR) has 3 years of Operating Expenses data on file, last reported at -$150.1 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at -$150.1 million, down 465.19% year-over-year; the trailing twelve-month figure through Mar 2026 was -$9.9 million (down 105.98% YoY), and the FY2025 annual result was $181.2 million, up 16.57% from the prior year.
  • Operating Expenses eased to -$150.1 million in Q1 2026 per BUR's latest filing, from $46.1 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $49.1 million in Q2 2025 and troughed at -$150.1 million in Q1 2026.
  • A 3-year average of $20.7 million and a median of $41.1 million in 2025 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2025 and 2026: Operating Expenses soared 36.38% in 2025, then tumbled 465.19% in 2026.
  • A 3-year view of Operating Expenses shows it stood at $40.3 million in 2024, then climbed by 14.3% to $46.1 million in 2025, then slumped by 425.82% to -$150.1 million in 2026.
  • Business Quant data shows BUR's Operating Expenses at -$150.1 million in Q1 2026, $46.1 million in Q4 2025, and $45.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - 3.88 Bn
2 Blackstone 96.85 Bn 95.80 Bn - 2.26 Bn
3 Kkr 86.45 Bn 133.96 Bn - 3.87 Bn
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 4.68 Bn
5 State Street 46.95 Bn 21.27 Bn - 2.81 Bn
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 3.67 Bn
7 Northern Trust 31.92 Bn 31.92 Bn - 1.51 Bn
8 Raymond James Financial 30.62 Bn 19.37 Bn - 3.12 Bn
9 Ares Management 29.04 Bn 32.41 Bn - 1.17 Bn
10 Burford Capital 989.15 Mn -2.15 Bn - -150.10 Mn

Historic Data

Download Data
DateValue
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