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
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