Borr Drilling Limited (BORR) — Financial statements
Income statement, balance sheet, and cash flow for Borr Drilling Limited — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,021↑1.0% | 1,011↑31.0% | 772↑73.9% | 444↑80.9% | 245 | |
| Cost of Revenue | 649↑394.4% | 131↑11.8% | 117↑0.8% | 117↓2.6% | 120 | |
| Gross Profit | 372↓57.7% | 879↑34.4% | 654↑99.9% | 327↑160.4% | 126 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00↓100.0% | 49↑9.1% | 45↑22.6% | 37↑6.1% | 35 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 50↑2.4% | 49↑9.1% | 45↑22.6% | 37↑6.1% | 35 | |
| Other Expenses | 0.00↓100.0% | 456↑27.1% | 359↓8.6% | 392↑118.9% | 179 | |
| Operating Expenses | 50↓90.0% | 505↑25.1% | 404↓5.9% | 429↑100.6% | 214 | |
| Total Costs & Expenses | 699↑9.8% | 636↑22.1% | 521↓4.5% | 546↑63.6% | 334 | |
| Operating Results | ||||||
| Operating Income | 322↓14.0% | 374↑49.4% | 250↑345.7% | -102↓15.4% | -88 | |
| Depreciation & Amortization | 148↑12.8% | 131↑11.8% | 117↑0.8% | 117↓2.6% | 120 | |
| EBITDA | 470↓0.7% | 473↑42.5% | 332↑1121.2% | -33↓211.3% | 29 | |
| EBIT | 322↓5.9% | 342↑59.3% | 215↑244.0% | -149↓64.8% | -90 | |
| Interest & Other Income | ||||||
| Net Interest Income | -225↓5.8% | -212↓21.6% | -175↓19.2% | -147↓57.7% | -93 | |
| Interest Income | 4↓42.2% | 6↑30.6% | 5↓9.3% | 5 | 0.00 | |
| Interest Expense | 228↑4.4% | 219↑21.9% | 180↑18.2% | 152↑63.5% | 93 | |
| Non-Operating Income | 0.00↓100.0% | 32↓9.7% | 36↓23.8% | 47↑2142.9% | 2 | |
| Other Income / Expenses | -236↓0.9% | -234↓20.4% | -194↓12.6% | -173↓81.6% | -95 | |
| Income Before Tax | 86↓38.8% | 140↑150.1% | 56↑120.4% | -274↓49.7% | -183 | |
| Income Tax Expense | 41↓29.7% | 58↑71.2% | 34↑84.8% | 18↑89.7% | 10 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 45↓45.2% | 82↑271.5% | 22↑107.5% | -293↓51.7% | -193 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 45↓45.2% | 82↑271.5% | 22↑107.5% | -293↓51.7% | -193 | |
| Bottom-Line Net Income | 45↓45.2% | 82↑271.5% | 22↑107.5% | -293↓51.7% | -193 | |
| EPS (Basic) | 0.17↓48.5% | 0.33↑264.6% | 0.09↑105.5% | -1.64↓14.7% | -1.43 | |
| EPS (Diluted) | 0.17↓46.9% | 0.32↑259.1% | 0.09↑105.4% | -1.64↓14.7% | -1.43 | |
| Weighted Average Shares | 262↑4.6% | 251↑2.7% | 244↑36.9% | 178↑32.4% | 135 | |
| Weighted Average Diluted Shares | 265↑4.0% | 254↑2.5% | 248↑39.1% | 178↑32.4% | 135 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.