Growth Metrics

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

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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
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