Burford Capital (BUR) Operating Expenses (2024 - 2026)
Burford Capital's (BUR) quarterly Operating Expenses came in at -$150.1 million in Q1 2026, down 465.19% year-on-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) 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.
- On a quarterly basis, Operating Expenses fell 465.19% year-over-year to -$150.1 million in Q1 2026; TTM through Mar 2026 was -$9.9 million, a 105.98% decrease from a year earlier, with the FY2025 full-year figure at $181.2 million, up 16.57% from the prior year.
- Operating Expenses for Q1 2026 stood at -$150.1 million, down from $46.1 million in the prior quarter.
- Over the last five years, Operating Expenses for BUR reached as high as $49.1 million in Q2 2025 and fell as low as -$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.
- Across the five-year window, Operating Expenses jumped 36.38% in 2025 and sank 465.19% in 2026, its largest moves.
- Year by year, Operating Expenses stood at $40.3 million in 2024, then rose by 14.3% to $46.1 million in 2025, then tumbled by 425.82% to -$150.1 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were -$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 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | -14.14 Bn |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 3.88 Bn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 2.26 Bn |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 4.68 Bn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 2.81 Bn |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 3.67 Bn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 1.51 Bn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 3.12 Bn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 1.18 Bn |
| 10 | Burford Capital | 908.18 Mn | 891.31 Mn | - | -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 |