Burford Capital LtdBUR

NYSEFinanceFinance Services
Price (close)
$3.64
Market cap
$799.3M
P/E
—
Revenue (TTM)
-$1.5B
Net income
-$1.7B
Dividend yield
1.73%
1-year total return
-69.5%
Net margin
—
Revenue growth
-331.0%
Debt / equity
2.93x

What Burford Capital Ltd does.

Burford is the world’s largest dedicated provider of capital, based on portfolio size, against the underlying value of litigation and legal assets, which we colloquially call legal finance.

We are a global firm that serves the legal industry by providing an array of financial products and services. Our largest business is providing capital to clients engaged in ongoing legal disputes, which they can use both to pay the legal fees and expenses associated with disputes and to monetize the expected future value of disputes. Our focus is on large, complex disputes, not on small-scale litigation typically pursued by consumers or small businesses. We rarely engage in transactions in which we are providing less than $5.0 million in capital, and we frequently provide multiples of that amount up to hundreds of millions of dollars. Since our inception in 2009, we made commitments of more than $12.1 billion into legal finance assets on a group-wide basis.

Our clients include a wide range of the world’s largest businesses and law firms. Legal finance allows litigants to hire the firm of their choice without incurring upfront fees and to accelerate a portion of an expected recovery on the business's preferred schedule. Further, legal finance may enable litigants to avoid incurring legal fees as an operating expense, and thus improve net income metrics, as well as boost liquidity by obtaining cash through upfront monetization of legal assets that otherwise would not be reflected in their financial statements. Legal finance allows law firms to obtain cash to operate their businesses and pay the salaries of their lawyers even when they have taken a case on a contingent fee or alternative fee basis. It also allows law firms that prefer to operate on an hourly basis to compete for contingency or alternative fee work. We have received financing inquiries or engaged on potential new business with 95 of the 100 largest US law firms by revenue according to the 2025 rankings by The American Lawyer and 93 of the 100 largest global law firms by revenue according to the 2025 rankings by The American Lawyer as well as large regional firms and litigation boutiques.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$327.9M$217.3M$319.2M$1.1B$546.1M$413.4M
Net income$143.3M-$28.8M$30.5M$610.5M$146.5M$62.6M
Free cash flow$53.5M-$585.6M-$466.5M-$277.9M$216.1M-$29.3M

More on BUR.

Figures from Burford Capital Ltd's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.