Burford Capital (BUR)
NYSE:BUR
Earnings Data
Report Date
Aug 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.08Last Year’s EPS
0.39Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized a strong, large and diversified core litigation finance business with healthy liquidity, robust new business momentum and substantial modeled future cash realizations. Key metrics included $740 million in cash and marketable securities, $133 million of Q1 new commitments (up 25% vs. recent Q1 average), $1.3 billion of unfunded definitive commitments, and more than $3.8 billion of cumulative realizations. Major negatives centered on the significant noncash YPF appellate loss and related accounting write-down, several one-off charges (including a $19 million case-related expense recognition and FX impact tied to redemption), and fair-value accounting and discount-rate headwinds that compressed reported capital provision income. Management presented a clear plan to focus the narrative on the core portfolio, harvest cash, manage expenses and delever over time while remaining comfortable with current leverage. Given the breadth and strength of operational highlights and cash-related metrics relative to the primarily noncash and manageable lowlights, the overall tone is constructive.Company Guidance
Large, Diversified Portfolio and Scale
237 active assets (around 900 cases when multicase matters counted), widely diversified across geographies and case types, producing accelerating realizations and substantial runway for future cash generation.
Strong Cumulative Realizations
More than $3.8 billion of cash realizations on the balance sheet and over $6 billion group-wide, demonstrating a multi-year track record of monetization and returns.
Healthy Liquidity Position
Cash and marketable securities of $740 million at quarter end and management visibility to roughly $280 million of cash receipts so far in 2026.
Robust New Business and Deployment Pace
$133 million of new definitive commitments in Q1 2026 (25% higher than the Q1 average of 2024–2025) and $108 million deployed in the quarter, consistent with recent deployment trends.
Substantial Unfunded Commitments
$1.3 billion of unfunded definitive commitments (and management cited more than $1 billion of undrawn definitive commitments earlier), providing a pipeline of near-term deployment opportunities.
Modelled Future Cash Potential
Management models more than $5 billion of future cash realizations from the existing portfolio (ex-YPF) and expects every year’s new business to add material future cash flow (example: an $800M annual new-commitment cadence).
Strong Returns History and Low Loss Rate
Historical ROIC ~82% with a realized loss rate that has remained around the ~10% range cumulatively, indicating attractive risk-adjusted outcomes over time.
Accelerating Case Catalysts
36 trials and merit hearings scheduled in 2026 (up from 23 at the same time last year) and 23 assets positioned to potentially generate double-digit million-dollar realizations in 2026 (vs. 14 in 2025 and 16 in 2024).
Growing Business Momentum
Five-year CAGR of 17% in the business, continued investment in origination (new hires in Spain and Korea), and management view that organic growth will deleverage the balance sheet over time.
Conservative, Manageable Leverage Profile
Net debt cited around $1.7 billion previously; current debt-to-equity ~1.35x, well below the 2.0x incurrence covenant; Moody’s rating maintained at Ba1 after YPF outcome.
BUR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BUR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2026 | $5.09 | $5.07 | -0.39% |
Feb 26, 2026 | $9.45 | $8.41 | -11.07% |
Nov 05, 2025 | $9.34 | $9.34 | 0.00% |
Aug 07, 2025 | $12.50 | $12.71 | +1.73% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Burford Capital (BUR) report earnings?
Burford Capital (BUR) is schdueled to report earning on Aug 06, 2026, Before Open (Confirmed).
What is Burford Capital (BUR) earnings time?
Burford Capital (BUR) earnings time is at Aug 06, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BUR EPS forecast?
BUR EPS forecast for the fiscal quarter 2026 (Q2) is 0.08.