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Burford Capital vs Strategy: BUR and MSTR compared
Burford Capital is the larger company: $147M of revenue in its latest quarter (Q3 2026) against $125M for Strategy (Q3 2026). Burford Capital is growing faster (+110% against -2% a year earlier).
Where the money goes: BUR and MSTR
Burford Capital (BUR) · Q3 2026
Burford Capital, Q3 2026: revenue $147M (+110% year over year), operating margin 66.6%, net earnings $23.4M, operating cash flow −$127M. The chart follows the revenue to costs, profit and cash.
Strategy (MSTR) · Q3 2026
Strategy, Q3 2026: revenue $125M (-2% year over year), net earnings $19.5B, operating cash flow $4.4M. The chart follows the revenue to costs, profit and cash.
| Burford Capital (BUR) | Strategy (MSTR) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $147M | $125M |
| Revenue growth, Y/Y | +110% | -2% |
| Gross margin | — | 71.5% |
| Operating margin | 66.6% | n/m |
| Net earnings | $23.4M | $19.5B |
| Net margin | 15.9% | — |
| Operating cash flow | −$127M | $4.4M |
| Free cash flow | — | $4.0M |
| Market value | — | $64.7B |
| Analysts’ mean target | — | $233.27 |
Where the revenue comes from
Strategy
- Total product licenses and subscription services: $72.4M (58%)
- Product support: $37.7M (30%)
- Other services: $15.3M (12%)
Questions
Which is bigger, Burford Capital or Strategy?
Burford Capital is the larger company: $147M of revenue in its latest quarter (Q3 2026) against $125M for Strategy (Q3 2026).
Is Burford Capital or Strategy growing faster?
Burford Capital is growing faster (+110% against -2% a year earlier).
More: Burford Capital earnings · how Burford Capital makes money · Strategy earnings · how Strategy makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 2, 2026). Fiscal quarters can end on different dates. Not investment advice.