Also trades as: BUR.L (LSE) · $vol 1M

$3.65

-0.17 (-4.45%)

Weekly Expected Move ±8.4%

$3 $3 $4 $4 $4

NYSE · Financial Services · Asset Management · Tech Score Strong Sell · Power 28 · $799.6M mcap · 187M float · 1.07% daily turnover · Short 61% of daily vol

Overview Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ESG Institutions ETF Exposure Dark Pool Short Interest Supply Chain

Revenue Segmentation

By Product / Service

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$400M -15.2% ▼

5Y CAGR: +4.8%

Gross Profit

$400M +17.3% ▲

5Y CAGR: +5.1%

Operating Income

$217M -14.6% ▼

5Y CAGR: +0.8%

Net Income

$72M -50.7% ▼

5Y CAGR: -12.8%

EPS (Diluted)

$0.28 -57.6% ▼

5Y CAGR: -15.5%

EBITDA

$240M -5.3% ▼

5Y CAGR: +1.9%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$108M	$271M	$1.1B	$472M	$400M
YoY Growth	-104.0%	+2221.6%	+298.7%	-47.9%	-15.2%
Cost of Revenue	$56M	$75M	$16M	$131M	$48M
Gross Profit	$52M	$196M	$1.1B	$341M	$400M
Gross Margin	47.8%	72.3%	98.5%	72.3%	100.0%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$47M	$38M	$255M	$32M	$38M
Operating Expenses	$49M	$87M	$247M	$88M	$133M
Operating Income	$3M	$109M	$816M	$254M	$217M
Operating Margin	2.6%	40.3%	75.6%	53.7%	54.1%
Interest Expense	$56M	$75M	$95M	$131M	$154M
Income Before Tax	$3M	$109M	$738M	$254M	$86M
Tax Expense	$10M	$12M	$20M	$24M	$12M
Net Income	-$29M	$31M	$611M	$146M	$72M
Net Margin	-26.6%	11.3%	56.6%	31.0%	18.0%
EPS (Diluted)	$-0.26	$0.14	$2.74	$0.66	$0.28
EBITDA	$6M	$113M	$821M	$254M	$240M
Shares Outstanding	219M	219M	223M	219M	225M

Line Item	FY2024 Q2	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q2
Revenue	$142M	$227M	$18M	$108M	$175M	$70M	$6M	-$1.6B
Cost of Revenue	$34M	$33M	$30M	$34M	$34M	$11M	$40M	$18M
Gross Profit	$107M	$194M	-$11M	$74M	$141M	$59M	-$34M	$93M
Gross Margin	75.7%	85.4%	-62.3%	68.7%	80.6%	83.9%	-583.1%	-5.8%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$9M	$10M	-$83M	$15M	$12M	$11M	$12M	$9M
Operating Expenses	$20M	$25M	-$28M	$30M	$31M	$34M	$19M	$29M
Operating Income	$87M	$169M	$16M	$44M	$110M	$25M	-$54M	-$1.5B
Operating Margin	61.4%	74.5%	88.8%	41.1%	62.8%	35.5%	-912.0%	94.0%
Interest Expense	$34M	$33M	$30M	$34M	$34M	$0	$40M	$48M
Income Before Tax	$87M	$169M	$16M	$44M	$110M	-$16M	-$54M	-$1.6B
Tax Expense	$12M	$11M	$2M	$8M	$5M	$4M	-$4M	$2M
Net Income	$54M	$136M	-$13M	$31M	$88M	-$20M	-$37M	-$1.6B
Net Margin	37.9%	59.7%	-71.1%	28.5%	50.5%	-29.0%	-636.8%	101.6%
EPS (Diluted)	$0.24	$0.61	$-0.06	$0.14	$0.39	$-0.09	$-0.17	$0.01
EBITDA	$87M	$169M	$16M	$44M	$110M	-$16M	-$54M	$14M
Shares Outstanding	223M	224M	223M	223M	224M	219M	219M	225M

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