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Burford Capital Ltd

Burford Capital Limited provides legal finance products and services worldwide. It operates in two segments: Principal Finance, and Asset Management and Other Services. The Principal Finance segment supplies capital against the underlying value of high-value single or multiple litigation and arbitration matters, at any stage from before filing to after a final judgment, both to law firms taking cases on a contingent or alternative fee basis and directly to clients; it also offers legal risk management and adverse legal cost insurance services. The Asset Management and Other Services segment manages legal finance assets for third-party investors and provides other services to the legal industry. The company was incorporated in 2009 and is based in Saint Peter Port, Guernsey.

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Price · split & dividend adjusted
News & notes moving BUR
United States
BUR▲2

Burford stock jumps 9.8% after jury orders Apple to pay $5.7B in patent case

Burford Capital shares climbed 9.8% in Monday afternoon trading after a jury ordered Apple to pay $5.7B in damages to Taction Technology, a Burford client, in a patent lawsuit over haptics technology. Burford, which focuses on litigation finance and other legal finance activities, said the amount is likely to be adjusted in post-trial and/or appellate proceedings. If the verdict amount were paid, Burford's share would be $1.4B, split roughly between its balance sheet and investment funds, the company said on Monday. The jury found on Friday that the tech giant violated Taction Technology's patents. Burford cautioned that very few large patent verdicts survive the post-verdict process intact and that the outcome remains uncertain until final resolution, with no assurance as to the timing or amount of any ultimate recovery.
AAPL ▼BUR ▲
AAPL · Regulation · Negative A jury found Apple violated Taction Technology's haptics patents and ordered it to pay $5.7B in damages.
BUR · Capital · Positive Burford's client won a $5.7B patent verdict, potentially yielding a $1.4B share for the litigation financier.
Taction Technology Inc. · Regulation · Positive Taction Technology won its patent lawsuit against Apple, with the jury finding Apple violated its haptics patents.
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United KingdomUnited States
BUR2

Burford Capital Prices $300M of 8% Secured Notes Due 2029

Burford Capital Limited announced on September 14 that its indirect, wholly owned subsidiary, Burford Capital Global Finance LLC, priced $300 million of 8% senior secured notes due 2029, with closing expected September 17 subject to customary conditions. Net proceeds and existing cash are intended to redeem the subsidiary's 6.25% unsecured notes due in 2028, moving that maturity into 2029 at a coupon 175 basis points higher. The offering announcement confirmed $400 million of outstanding 2028 notes, and Burford Capital said it expected to issue a conditional notice targeting September 24, 2026, for redemption of all $400 million, subject to successful completion of the $300 million financing. Redeeming the confirmed $400 million balance with $300 million of replacement notes would reduce gross principal by $100 million, cutting calculated annual coupons from $25 million to $24 million before fees and other financing costs. Burford Capital will guarantee the new notes, which carry senior liens on substantially all assets of the financing subsidiary and the capital stock of certain subsidiaries, subject to exceptions.
BUR
BUR · Capital · Neutral Burford prices $300M of 8% secured notes to redeem $400M of 6.25% 2028 notes, cutting principal by $100M but raising the coupon 175bp.
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Insider Monkey·17dRead more →
United Kingdom
BUR▼

Burford Capital Fair Value Cut to £6.19 as Analysts Rework Risk and Multiples

Burford Capital's fair value estimate has been reduced from £6.85 to £6.19, a roughly 10% cut, as analysts reassess the litigation finance firm's risk and earnings visibility. Wedbush raised its price target, while B. Riley trimmed its target to US$7.00 from US$7.50 but kept a positive stance, and Deutsche Bank downgraded the stock in May 2026, highlighting concerns around risk and execution. The fair value revision reflects changes in key assumptions, including a revenue growth shift from 888.97% to 897.11%, a net profit margin adjustment from 16.06% to 19.10%, a future P/E move from 15.75x to 12.03x, and a discount rate increase from 7.01% to 7.22%.
BUR ▼
BUR · Capital · Negative Fair value estimate cut ~10% and Deutsche Bank downgrade reflect analyst concerns over risk and execution.
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Simply Wall St·56dRead more →
United KingdomArgentina
BUR▼

Burford Capital second-quarter revenue falls to $110.7 million

Burford Capital reported second-quarter total revenue of $110.7 million, down from $191.3 million a year earlier. Net income attributable to shareholders dropped to $2.2 million from $88.3 million, while total net income fell to $9.5 million from $105.2 million. Capital provision income declined to $101.5 million from $224.2 million, and fair value adjustment from YPF-related assets was just $5.8 million compared with $125.5 million. For the first half of 2026, total revenue swung to a loss of $1.61 billion from a gain of $310.1 million, and net loss attributable to shareholders was $1.63 billion versus a profit of $119.2 million, primarily due to YPF-related asset fair value adjustments.
BUR ▼
BUR · Capital · Negative Revenue and net income fell sharply, with YPF-related fair value adjustments causing a large first-half loss.
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