v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Total Burford Capital Limited equity
Ordinary shares
Treasury shares
Additional paid-in capital
Retained earnings
Accumulated other comprehensive income/(loss)
Non-controlling interests
Ordinary shares, beginning balance (in shares) at Dec. 31, 2024     220,091,851          
Treasury shares, beginning balance (in shares) at Dec. 31, 2024       (669,947)        
Balance at the beginning at Dec. 31, 2024 $ 3,256,835 $ 2,419,432 $ 610,037 $ (9,569) $ 42,409 $ 1,766,435 $ 10,120 $ 837,403
Changes in equity                
Net income/(loss) 121,793 100,069       100,069   21,724
Foreign currency translation adjustment (9,566) (9,566)         (9,566)  
Issuance of new ordinary shares to satisfy vested share-based awards (in shares)     349,853          
Issuance of new ordinary shares to satisfy vested share-based awards 0   $ 3,286   (3,286)      
Issuance of new ordinary shares to satisfy distributions under the NQDC Plan (in shares)     139,834          
Issuance of new ordinary shares to satisfy distributions under the NQDC Plan 679 679 $ 1,518   (839)      
Acquisition of ordinary shares held in treasury (shares)       (1,100,000)        
Acquisition of ordinary shares held in treasury (15,310) (15,310)   $ (15,310)        
Transfer of share-based awards and NQDC Plan matching awards on vesting (3,687) (3,687)     (2,698) (989)    
Share-based and deferred compensation 19,001 19,001     19,001      
Dividends paid (13,667) (13,667)       (13,667)    
Third-party net capital contribution/(distribution) (167,888)             (167,888)
Ordinary shares, ending balance (in shares) at Sep. 30, 2025     220,581,538          
Treasury shares, ending balance (in shares) at Sep. 30, 2025       (1,769,947)        
Balance at the end at Sep. 30, 2025 3,188,190 2,496,951 $ 614,841 $ (24,879) 54,587 1,851,848 554 691,239
Ordinary shares, beginning balance (in shares) at Jun. 30, 2025     220,572,370          
Treasury shares, beginning balance (in shares) at Jun. 30, 2025       (1,769,947)        
Balance at the beginning at Jun. 30, 2025 3,228,408 2,503,036 $ 614,748 $ (24,879) 43,966 1,871,344 (2,143) 725,372
Changes in equity                
Net income/(loss) (20,270) (19,156)       (19,156)   (1,114)
Foreign currency translation adjustment 2,697 2,697         2,697  
Issuance of new ordinary shares to satisfy vested share-based awards (in shares)     9,168          
Issuance of new ordinary shares to satisfy vested share-based awards 0   $ 93   (93)      
Issuance of new ordinary shares to satisfy distributions under the NQDC Plan 0              
Acquisition of ordinary shares held in treasury 0              
Transfer of share-based awards and NQDC Plan matching awards on vesting (846) (846)     (506) (340)    
Share-based and deferred compensation 11,220 11,220     11,220      
Dividends paid 0 0       0    
Third-party net capital contribution/(distribution) (33,019)             (33,019)
Ordinary shares, ending balance (in shares) at Sep. 30, 2025     220,581,538          
Treasury shares, ending balance (in shares) at Sep. 30, 2025       (1,769,947)        
Balance at the end at Sep. 30, 2025 $ 3,188,190 2,496,951 $ 614,841 $ (24,879) 54,587 1,851,848 554 691,239
Ordinary shares, beginning balance (in shares) at Dec. 31, 2025 220,667,387   220,667,387          
Treasury shares, beginning balance (in shares) at Dec. 31, 2025 (1,769,947)     (1,769,947)        
Balance at the beginning at Dec. 31, 2025 $ 3,127,730 2,448,022 $ 615,453 $ (24,879) 56,787 1,800,860 (199) 679,708
Changes in equity                
Net income/(loss) (1,589,405) (1,606,508)       (1,606,508)   17,103
Foreign currency translation adjustment 14,639 14,639         14,639  
Issuance of new ordinary shares to satisfy vested share-based awards (in shares)     914,238          
Issuance of new ordinary shares to satisfy vested share-based awards 0 0 $ 8,148   (8,148)      
Issuance of new ordinary shares to satisfy distributions under the NQDC Plan (in shares)     163,711          
Issuance of new ordinary shares to satisfy distributions under the NQDC Plan 695 695 $ 855   (160)      
Issuance of new ordinary shares under the NED Plan (in shares)     95,212          
Issuance of new ordinary shares under the NED Plan 396 396 $ 396          
Acquisition of ordinary shares held in treasury (shares)       (475,000)        
Acquisition of ordinary shares held in treasury (3,653) (3,653)   $ (3,653)        
Transfer of share-based awards and NQDC Plan matching awards on vesting (3,169) (3,169)     (3,169)      
Share-based and deferred compensation 11,280 11,280     11,280      
Dividends paid (13,747) (13,747)       (13,747)    
Third-party net capital contribution/(distribution) $ (36,615)             (36,615)
Ordinary shares, ending balance (in shares) at Sep. 30, 2026 221,840,548   221,840,548          
Treasury shares, ending balance (in shares) at Sep. 30, 2026 (2,244,947)     (2,244,947)        
Balance at the end at Sep. 30, 2026 $ 1,508,151 847,955 $ 624,852 $ (28,532) 56,590 180,605 14,440 660,196
Ordinary shares, beginning balance (in shares) at Jun. 30, 2026     221,829,450          
Treasury shares, beginning balance (in shares) at Jun. 30, 2026       (2,244,947)        
Balance at the beginning at Jun. 30, 2026 1,468,325 819,059 $ 624,700 $ (28,532) 53,580 157,248 12,063 649,266
Changes in equity                
Net income/(loss) 34,262 23,357       23,357   10,905
Foreign currency translation adjustment 2,377 2,377         2,377  
Issuance of new ordinary shares to satisfy vested share-based awards (in shares)     11,098          
Issuance of new ordinary shares to satisfy vested share-based awards 0 0 $ 152   (152)      
Issuance of new ordinary shares to satisfy distributions under the NQDC Plan 0              
Issuance of new ordinary shares under the NED Plan 0              
Acquisition of ordinary shares held in treasury 0              
Transfer of share-based awards and NQDC Plan matching awards on vesting (120) (120)     (120)      
Share-based and deferred compensation 3,282 3,282     3,282      
Dividends paid 0              
Third-party net capital contribution/(distribution) $ 25             25
Ordinary shares, ending balance (in shares) at Sep. 30, 2026 221,840,548   221,840,548          
Treasury shares, ending balance (in shares) at Sep. 30, 2026 (2,244,947)     (2,244,947)        
Balance at the end at Sep. 30, 2026 $ 1,508,151 $ 847,955 $ 624,852 $ (28,532) $ 56,590 $ 180,605 $ 14,440 $ 660,196