Filing Flows › Burford Capital (BUR) › Q2 2026 › vs Q2 2025
Burford Capital (BUR) Q2 2026 vs Q2 2025 (year over year)
Burford Capital's revenue fell $80.6M (-42%) from $191M in Q2 2025 to $111M in Q2 2026. Operating margin 57.1% against 74.3% (-17.2 pts).
Burford Capital, Q2 2026: revenue $111M (-42% year over year), operating margin 57.1%, net earnings $2.2M, operating cash flow $52.0M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 57.1% | 74.3% | -17.2 pts |
| Net margin | 2.0% | 46.2% | -44.2 pts |
| Free cash flow margin | 46.9% | -44.1% | +91.0 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $111M | $191M | −$80.6M | -42% |
| Operating profit | $63.2M | $142M | −$79.0M | -56% |
| Costs & expenses | $47.4M | $49.1M | −$1.6M | -3% |
| Pre-tax earnings | $14.0M | $110M | −$95.8M | -87% |
| Other expense, net | $49.3M | $32.5M | $16.8M | +52% |
| General & admin | $8.6M | $7.8M | $820K | +11% |
| Other operating costs | $38.8M | $41.3M | −$2.4M | -6% |
| Net earnings | $2.2M | $88.3M | −$86.1M | -98% |
| Minority interests | $7.3M | $16.9M | −$9.6M | -57% |
| Income tax | $4.5M | $4.6M | −$108K | -2% |
| Share-based compensation | $2.2M | $6.7M | −$4.5M | -67% |
| Working capital & other | $47.5M | −$179M | $227M | — |
| Operating cash flow | $52.0M | −$84.2M | $136M | — |
| Free cash flow (OCF − capex) | $51.9M | −$84.3M | $136M | — |
| Capital expenditures | $55K | $103K | −$48K | -47% |
Questions
How much did Burford Capital's revenue grow year over year in Q2 2026?
Burford Capital's revenue fell $80.6M (-42%) from $191M in Q2 2025 to $111M in Q2 2026. Operating margin 57.1% against 74.3% (-17.2 pts).