BUR · XBRL financial data

Burford Capital financial statements, every fiscal year

The same tables from 7 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (BUR's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	328	217	319	1,087	546	413
Revenue from contracts with customers	359	152	—	—	—	—
General and administrative	21	30	30	34	31	38
Total operating expenses	119	146	124	271	155	181
Operating income (loss)	209	6	195	816	391	232
Interest expense	39	59	77	99	136	151
Income tax expense (benefit)	24	(3)	12	20	24	12
Net income (loss)	143	(72)	31	611	146	63
Earnings per share, basic USD per share	0.65	(0.33)	0.14	2.79	0.67	0.29
Earnings per share, diluted USD per share	0.65	(0.33)	0.14	2.74	0.66	0.28
Weighted average shares, basic millions of shares	219	219	219	219	219	219
Weighted average shares, diluted millions of shares	220	220	222	223	223	225
Operating profit (loss)	242	—	—	—	—	—
Profit (loss)	165	—	—	—	—	—
Earnings per share, basic USD per share	75.30	—	—	—	—	—
Earnings per share, diluted USD per share	74.90	—	—	—	—	—

Fiscal years (BUR's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	322	180	108	221	470	566
Short-term investments	5	21	1	13	320	377
Property and equipment, net	3	13	1	4	3	3
Right-of-use asset	12	11	13	14	13	11
Goodwill	134	134	134	134	134	134
Total assets	3,268	3,525	4,288	5,837	6,175	6,641
Total liabilities	1,244	1,584	1,901	2,630	2,918	3,513
Retained earnings	1,136	923	1,074	1,649	1,766	1,801
Total stockholders' equity	1,763	1,552	1,743	2,291	2,419	2,448
Total liabilities and equity	3,268	3,525	4,288	5,837	6,175	6,641
Common shares outstanding (cover page) millions of shares	219	219	219	219	219	219
Cash and cash equivalents	322	—	—	—	—	—
Total assets	3,115	—	—	—	—	—
Total liabilities	1,453	—	—	—	—	—
Total equity	1,662	—	—	—	—	—

Fiscal years (BUR's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	143	(72)	31	611	146	63
Stock-based compensation	5	9	8	9	9	14
Depreciation and amortization	11	3	4	6	—	—
Net cash from operating activities	54	(585)	(466)	(275)	217	(29)
Purchases of property and equipment	0	0	0	3	1	0
Net cash from investing activities	(0)	(0)	(0)	(3)	(1)	(9)
Share repurchases	—	—	4	4	5	15
Dividends paid	—	41	28	27	—	—
Net cash from financing activities	(5)	445	399	390	34	132
Net cash from operating activities	181	—	—	—	—	—
Net cash from investing activities	(0)	—	—	—	—	—
Net cash from financing activities	(45)	—	—	—	—	—

SIC 6199 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6199 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Burford Capital	464	147	not reported	219.6M	—	Q3 FY26 10-QSep 30, 2026
Dave	210	171	68*	not reported	—	Q2 FY26 10-QJun 30, 2026
Riot Platforms	669	181	not reported	375.2M	—	Q3 FY26 10-QSep 30, 2026
Core Scientific, Inc./tx	1,770	164	(19)*	321.3M	93.5 quarters	Q2 FY26 10-QJun 30, 2026
Cipher Digital	656	27	(131)*	456.4M	0.7 quarters	Q3 FY26 10-QSep 30, 2026
Wealthfront	453	92	47*	156.2M	—	Q2 FY27 10-QJul 31, 2026
Hut 8	157	71	not reported	120.0M	—	Q3 FY26 10-QSep 30, 2026
Walker & Dunlop	161	307	1,169*	34.3M	—	Q2 FY26 10-QJun 30, 2026
Upstart Holdings	461	371	(20)*	98.9M	4.7 quarters	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.