Burford Capital (BUR) Operating Expenses (2024 - 2026)
Burford Capital (BUR) posted quarterly 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 reported Operating Expenses for 3 consecutive years, with -$150.1 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses fell 465.19% year-over-year to -$150.1 million; the TTM figure through Mar 2026 stood at -$9.9 million (down 105.98% YoY), while the FY2025 annual figure was $181.2 million, up 16.57% from the prior year.
- Operating Expenses retreated 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 $49.1 million in Q2 2025 and bottomed at -$150.1 million in Q1 2026.
- Historically, Operating Expenses has averaged $20.7 million across 3 years, with a median of $41.1 million in 2025.
- Annual changes were most pronounced in 2025 — Operating Expenses soared 36.38% — and 2026, when it tumbled 465.19%.
- Burford Capital's Operating Expenses stood at $40.3 million in 2024, then grew by 14.3% to $46.1 million in 2025, then tumbled 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 4.62 Bn |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 2.38 Bn |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 5.41 Bn |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | 14.94 Bn |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 659.00 Mn |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 8.74 Bn |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 2.66 Bn |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 3.50 Bn |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 1.64 Bn |
| 10 | Burford Capital | 935.96 Mn | 935.96 Mn | - | 47.44 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 47.44 Mn |
| 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 |