BURBurford Capital Ltd
Finance Services
- Revenue
- $413M
- 24% YoY
- Operating margin
- 56.2%
- 21% YoY
- EBITDA
- $232M
- 41% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 7.4×
- $1.7B net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashFired-46% of net incomeCash flow under 80% of net income
- Dilutive SBCClear3% of revenueOver 10% of revenue
- Payouts exceed cash flowClear-148% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear3% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $152M | $319M | $1.1B | $546M | $413M | 24% |
| Operating income | $69M | $195M | $816M | $391M | $232M | 41% |
| Net income | −$29M | $31M | $611M | $146M | $63M | 57% |
| Operating cash flow | −$585M | −$466M | −$275M | $217M | −$29M | 113% |
| Capex | $285K | $407K | $3M | $661K | $284K | 57% |
| Stock-based comp | $9M | $8M | $9M | $9M | $14M | 59% |
| Buybacks | — | $4M | $4M | $5M | $15M | 201% |
| Dividends | $41M | $28M | $27M | — | — |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.