v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Marketable securities income/(loss) and interest $ 6,981 $ 8,597 $ 13,393 $ 15,384
Other income/(loss) 822 433 622 247
Total revenues 110,683 191,286 (1,609,691) 310,145
Compensation and benefits        
Salaries and benefits 18,152 11,749 31,316 24,144
Annual incentive compensation 4,118 5,074 9,541 9,319
Share-based and deferred compensation 2,230 7,265 (2,995) 10,064
Long-term incentive compensation including accruals 6,292 12,865 (123,402) 19,740
General, administrative and other 8,612 7,792 17,200 18,002
Case-related expenditures ineligible for inclusion in asset cost 8,037 4,320 (34,315) 8,897
Total operating expenses 47,441 49,065 (102,655) 90,166
Operating income/(loss) 63,242 142,221 (1,507,036) 219,979
Other expenses        
Finance costs 49,626 33,979 99,268 67,859
Foreign currency transactions (gains)/losses and other expenses (350) (1,505) 15,294 (2,105)
Total other expenses 49,276 32,474 114,562 65,754
Income/(loss) before income taxes 13,966 109,747 (1,621,598) 154,225
Provision for/(benefit from) income taxes 4,486 4,594 2,069 12,162
Net income/(loss) 9,480 105,153 (1,623,667) 142,063
Net income/(loss) attributable to non-controlling interests 7,276 16,857 6,198 22,838
Net income/(loss) attributable to Burford Capital Limited shareholders $ 2,204 $ 88,296 $ (1,629,865) $ 119,225
Net income/(loss) attributable to Burford Capital Limited shareholders per ordinary share        
Basic (in dollars per share) $ 0.01 $ 0.40 $ (7.44) $ 0.54
Diluted (in dollars per share) $ 0.01 $ 0.39 $ (7.44) $ 0.53
Weighted average ordinary shares outstanding        
Basic (in shares) 219,193,548 218,669,697 218,979,866 218,983,036
Diluted (in shares) 225,087,543 223,983,079 218,979,866 224,047,637
Capital provision income/(loss)        
Revenues        
Revenues $ 101,479 $ 224,164 $ (2,397,286) $ 355,680
Other expenses        
Foreign currency transactions (gains)/losses and other expenses 2,514 (10,966) 5,847 (16,376)
Plus/(Less): Third-party interests in capital provision assets        
Revenues        
Revenues 1,112 (43,257) 773,007 (64,053)
Asset management income/(loss)        
Revenues        
Asset management income/(loss) $ 289 $ 1,349 $ 573 $ 2,887