Filing Flows › Burford Capital (BUR) › Q2 2026
Burford Capital (BUR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Burford Capital (BUR) reported revenue of $111M for the second quarter 2026 (Q2 2026), -42% from a year earlier. Operating margin was 57.1%, net earnings $2.2M (2.0% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $111M | — | -42% |
| Operating profit | $63.2M | — | -56% |
| Net earnings | $2.2M | — | -98% |
| Operating cash flow | $52.0M | — | — |
| Free cash flow | $51.9M | — | — |
What changed
Revenue was $110.7M in Q2 2026, down 42% year over year.
Operating profit was $63.2M, a 57.1% margin (down 17.2 points year over year). Total costs fell 3% while revenue fell 42%. The fastest-growing cost line was General & admin (+11%). Net earnings were $2.2M, down 98% year over year. The effective tax rate was 32.1%.
Operating cash flow was $52.0M, 548% of net income including minority interests. Non-cash charges added back $2.2M of share-based compensation. Working capital and other items added $40.3M. Capital expenditures of $55K left free cash flow of $51.9M.
Questions
What was Burford Capital's revenue in the second quarter 2026?
Burford Capital (BUR) reported revenue of $111M for the second quarter 2026 (Q2 2026), -42% from a year earlier.
Was Burford Capital profitable in the second quarter 2026?
Operating profit was $63.2M (57.1% of revenue) and net earnings $2.2M.
Source: Burford Capital 10-Q on SEC EDGAR.