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| 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 |