Quarterly ResultMay 8, 2026, 07:07 AM
Burford Capital Q1 Net Loss $(1.63)B; EPS $(7.46)
AI Summary
Burford Capital reported a significant net loss of $(1.63) billion for Q1 2026, a sharp decline from a net income of $30.9 million in Q1 2025. This was primarily driven by a substantial capital provision loss of $(2.50) billion, leading to total negative revenues of $(1.72) billion. Basic EPS also fell to $(7.46) from $0.14 in the prior year period.
Key Highlights
- Net loss attributable to shareholders was $(1.63) billion in Q1 2026, compared to a $30.9 million net income in Q1 2025.
- Capital provision income swung to a loss of $(2.50) billion in Q1 2026 from $131.5 million income in Q1 2025.
- Total revenues were $(1.72) billion in Q1 2026, down from $118.9 million in Q1 2025.
- Basic EPS was $(7.46) in Q1 2026, a significant drop from $0.14 in Q1 2025.
- Total assets decreased to $4.27 billion as of March 31, 2026, from $6.64 billion at December 31, 2025.
- Total Burford Capital Limited equity decreased to $827.9 million from $2.45 billion over the same period.
- Net cash used in operating activities was $(136.6) million in Q1 2026, compared to $155.2 million provided in Q1 2025.
- Proceeds from capital provision assets decreased to $86.3 million in Q1 2026 from $371.1 million in Q1 2025.
Price Impact
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