Burford Capital (BUR) Q3 FY2026 earnings: revenue $147 million, up 110.5% on the year
Burford Capital Ltd. (BUR) reported revenue of $147 million for Q3 FY2026, the quarter ended 30 September 2026, up 110.5% on the same quarter a year earlier. Net income was $23 million, and diluted earnings per share $0.10. The figures are the company's own, from the 10-Q it filed with the SEC on 4 November 2026.
Revenue
$147 million
+110.5% on the year · +32.7% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
66.6%
35.5% a year earlier
Q4 FY2024Q3 FY2026
Net income
$23 million
+959.8% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$0.10
+900.0% on the quarter
Q4 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Strongest quarter of 2026: Management called 3Q26 its strongest quarter this year.
Total revenues of $135 million: The company reported total revenues of $135 million for 3Q26.
Over half-billion cash at quarter-end: The company closed 3Q26 with more than a half-billion dollars of cash on hand.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
-127
52.0
-20.1
Capital expenditure
0.0
0.1
0.1
-92.7%
-93.1%
Free cash flow
-127
51.9
-20.1
Free cash flow margin
-86.4%
46.9%
-28.8%
Cash from investing
-1.3
-0.2
-8.3
Cash from financing
-105
-57.5
334
Share-based compensation
2.9
2.2
6.9
+29.1%
-58.4%
Buybacks
0.0
0.0
0.0
Dividends paid
0.0
n/a
0.0
Dividend per share
n/a
$6.25
$6.25
Diluted shares, weighted
225m
225m
219m
+0.0%
+2.7%
Shares outstanding at period end
220m
220m
219m
+0.0%
+0.4%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
848
819
2,497
+3.5%
-66.0%
Non-controlling interest
660
649
691
+1.7%
-4.5%
Debt
2,300
2,403
2,143
-4.3%
+7.3%
Other liabilities
394
400
1,354
-1.5%
-70.9%
Total liabilities and equity
4,203
4,272
6,685
-1.6%
-37.1%
Goodwill
134
134
134
+0.0%
-0.0%
Cash and equivalents
464
697
678
-33.5%
-31.6%
Other assets
3,605
3,441
5,874
+4.8%
-38.6%
Total assets
4,203
4,272
6,685
-1.6%
-37.1%
Questions
What was Burford Capital's revenue in Q3 FY2026?
Burford Capital (BUR) reported revenue of $147 million for Q3 FY2026, the quarter ended 30 September 2026, up 110.5% on the same quarter a year earlier.
How much did Burford Capital earn in Q3 FY2026?
Net income for Q3 FY2026 was $23 million, and diluted earnings per share $0.10.
When did Burford Capital report Q3 FY2026 results?
Burford Capital filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 4 November 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Revenue below zero (Q1 FY2026) is as the company filed it: its revenue line takes off losses (on securities sold, hedges or investments), revenue reversed from earlier periods or incentives paid out, and in that period they were larger than the rest. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2026, filed 4 November 2026: the filing.