Steady school leadership can support student achievement and equity-related outcomes, but the principalship is becoming more stressful with increasing demands, duties, and expectations. Burnout is one of several factors that contribute to principal turnover which often destabilizes a school community. Individual and organizational factors contribute to principal burnout, but remain relatively unexamined. The purpose of this mixed-methods study was to analyze the factors that contribute to burnout among novice principals in one large urban school district in the Southwestern U.S. Findings highlight the impact of secondary trauma, working conditions, and coping strategies on principal burnout.