Short answer
Burford Capital Ltd (BUR) filed its Q3 2025 10-Q quarterly report on Nov 5, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $70M with net income of −$19M.
Q3 2025 key financials · XBRL
- Revenue
- $70M
- −63.5% QoQ
- Net income
- −$19M
- −121.7% QoQ
- Operating margin
- 35.5%
- EPS (diluted)
- −$0.08
- −120.5% QoQ
Source: XBRL data from the Burford Capital Ltd (BUR) Q3 2025 10-Q on SEC EDGAR. USD.
Burford Capital Ltd Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $69.8M, down 72% YoY from $249.1M
- Operating income $24.8M, margin 35.5% vs 81.2% YoY
- Worst performer: capital provision income $80.1M, down 70% YoY; fair value adjustment $2.9M vs $179.8M
- Net loss attributable to shareholders $19.2M vs $135.6M net income YoY
- Headwinds: court backlogs delaying adjudication and cash realizations; tariff-driven market volatility deemed unlikely to materially affect portfolio performance
Risk Factors
- No material changes to 2024 Form 10-K risk factors as of November 5, 2025
- Regulatory risk: executive Rule 10b5-1 arrangements permit sales of up to 830,000 ordinary shares
- Market risk: planned executive share sales run from December 2, 2025 through September 30, 2026
- Financial risk: 7.50% senior notes due 2033 issued July 11, 2025
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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