Borr Drilling Ltd
BORR- Exchange
- NYSE
- Industry
- Drilling Oil & Gas Wells
- SEC CIK
- 0001715497
In the last 90 days, Borr Drilling Ltd insiders filed 15 open-market purchases and 6 sales; 189 institutions reported holding it in 13F filings for Q2 2026, worth $465.4M in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 2:03 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F |
| Reported | – | – | – | – | – |
| Revenue | $1.02B | $1.01B | $771.6M | $443.8M | $245.3M |
| Operating expenses | $699.0M | $636.8M | $521.8M | $549.9M | $334.8M |
| Selling, general and administrative | $50.4M | $49.2M | $45.1M | $36.8M | $34.7M |
| Operating income | $322.1M | $374.2M | $250.4M | -$101.9M | -$88.3M |
| Interest expense | $210.9M | $194.7M | $177.2M | $131.3M | $92.9M |
| Income tax | $40.9M | $58.2M | $34.0M | $18.4M | $9.70M |
| Net income | $45.0M | $82.1M | $22.1M | -$292.8M | -$193.0M |
| EPS, basic | $0.17 | $0.33 | $0.09 | $-1.64 | $-1.43 |
| EPS, diluted | $0.17 | $0.32 | $0.09 | $-1.64 | $-1.43 |
| Weighted shares, basic | 262.3M | 250.9M | 244.3M | 178.4M | 134.7M |
| Weighted shares, diluted | 264.5M | 254.5M | 248.2M | 178.4M | 134.7M |
| Margins and growth | |||||
| Operating margin | 31.6% | 37.0% | 32.5% | -23.0% | -36.0% |
| Net margin | 4.4% | 8.1% | 2.9% | -66.0% | -78.7% |
| Revenue growth, year over year | +1.0% | +31.0% | +73.9% | +80.9% | −20.2% |
| Net income growth, year over year | −45.2% | +271.5% | – | – | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F |
| Reported | – | – | – | – | – |
| Cash and equivalents | $379.7M | $61.6M | $102.5M | $108.0M | $34.9M |
| Accounts receivable | – | – | – | $43.0M | $28.5M |
| Total current assets | $768.4M | $516.6M | $409.9M | $349.9M | $176.2M |
| Property, plant and equipment | $2.00M | $2.80M | $3.50M | $3.90M | $3.70M |
| Total assets | $3.63B | $3.42B | $3.08B | $3.00B | $3.08B |
| Accounts payable | $33.8M | $81.6M | $35.5M | $47.7M | $34.7M |
| Short-term debt | $129.3M | $118.1M | $82.9M | $445.9M | – |
| Total current liabilities | $350.7M | $409.6M | $360.4M | $745.6M | $117.9M |
| Long-term debt | $2.02B | $1.99B | $1.62B | $1.19B | $1.92B |
| Total liabilities | $2.40B | $2.43B | $2.10B | $2.10B | $2.19B |
| Shareholders' equity | $1.22B | $993.3M | $984.0M | $897.8M | $889.9M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F |
| Reported | – | – | – | – | – |
| Operating cash flow | $251.9M | $77.3M | -$50.7M | $62.5M | -$58.9M |
| Stock-based compensation | $11.3M | $9.10M | $5.60M | $2.60M | $900.0K |
| Dividends paid | $4.70M | $76.3M | – | – | – |
| Share buybacks | $200.0K | $19.9M | $800.0K | – | – |
| Investing cash flow | -$124.5M | -$409.4M | -$104.2M | -$82.6M | $40.9M |
| Financing cash flow | $190.8M | $292.0M | $139.0M | $92.6M | $44.8M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 1.1% | 0.9% | 0.7% | 0.6% | 0.4% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits. Stock splits since Dec 31, 2020, from 13F share counts: 1-for-2 in Q4 2021.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.