Borr Drilling Ltd (BORR)
As-reported financials and SEC filings for Borr Drilling Ltd. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.
About Borr Drilling Ltd
Borr Drilling Ltd is an offshore shallow-water drilling contractor that owns and operates a fleet of premium jack-up rigs for oil and gas exploration and production. The company provides drilling services primarily in water depths up to approximately 400 feet to integrated oil companies, national oil companies, and independent oil and gas companies worldwide. Borr Drilling focuses on regions including Southeast Asia, West Africa, the Americas, the Middle East, North Africa, and Europe.
Snapshot
Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
What changed at Borr Drilling
- Revenue grew 1.0% to $1.0B in FY2025, slower than the 31.0% the year before.
- Operating margin turned positive at 31.6% in FY2025, from a 36.0% operating loss in FY2021.
- Most recent quarter Q2 FY2026: revenue $232M, down 13.2% from Q2 FY2025.
- Net income fell 45.2% to $45M in FY2025.
Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.
Peer comparison
Where Borr Drilling’s fundamentals sit among the 125 Energy companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).
Borr Drilling’s long-term debt to equity of 1.65 ranks in the 89th percentile of the 83 Energy companies reporting it. Borr Drilling’s operating margin of 31.6% ranks in the 86th percentile of the 104 Energy companies reporting it.
7 reported insider purchases (code P) totaling $17.1M in the last 90 days, against 1 sale totaling $37.6M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →
Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.
Recent insider activity
Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4. Multiple insiders have bought recently (a cluster buy).
| Trade date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
2026-08-25 | Troim Tor OlavDirector | Buy | 200.0K | $4.37 | $875K |
2026-08-14 filed 2026-08-17 | Troim Tor OlavDirector | Buy | 500.0K | $4.39 | $2.2M |
2026-08-13 filed 2026-08-14 | Troim Tor OlavDirector | Buy | 1.5M | $4.02 | $6.0M |
2026-08-13 filed 2026-08-14 | Currie JeffreyDirector | Buy | 125.0K | $4.01 | $502K |
2026-06-17 filed 2026-06-22 | Schorn PatrickDirector | Buy | 1.2M | $1.66 | $2.0M |
2026-06-17 filed 2026-06-22 | Morand De Oliveira BrunoChief Executive Officer | Buy | 275.0K | $1.66 | $457K |
2026-06-09 filed 2026-06-10 | Mordehachvili ThiagoDirector | Sell | 8.0M | $4.70 | $37.6M |
2026-06-09 filed 2026-06-10 | Troim Tor OlavDirector | Buy | 1.1M | $4.70 | $5.0M |
2026-04-16 filed 2026-04-17 | Troim Tor OlavDirector | Buy | 500.0K | $5.58 | $2.8M |
Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.
Short interest
Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 2026-08-14 | 32.9M | +11.1% | 4.68 |
| 2026-07-31 | 29.6M | +3.8% | 7.93 |
| 2026-07-15 | 28.5M | +2.5% | 6.44 |
| 2026-06-30 | 27.8M | -0.1% | 4.24 |
| 2026-06-15 | 27.8M | +22.3% | 3.13 |
| 2026-05-29 | 22.7M | +0.9% | 1.80 |
| 2026-05-15 | 22.5M | +10.5% | 4.20 |
| 2026-04-30 | 20.4M | +7.1% | 2.40 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.
Income statement (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $1.02B | $1.01B | $771.6M | $443.8M | $245.3M |
| Gross profit | — | — | — | — | — |
| Operating income | $322.1M | $374.2M | $250.4M | $-101.9M | $-88.3M |
| Net income | $45.0M | $82.1M | $22.1M | $-292.8M | $-193.0M |
| Diluted EPS | $0.17 | $0.32 | $0.09 | $-1.64 | $-1.43 |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Balance sheet (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | $379.7M | $61.6M | $102.5M | $108.0M | $34.9M |
| Current assets | $768.4M | $516.6M | $409.9M | $349.9M | $176.2M |
| Total assets | $3.63B | $3.42B | $3.08B | $3.00B | $3.08B |
| 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 |
| Total equity | $1.22B | $993.3M | $984.0M | $897.8M | $889.9M |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Cash flow (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Operating cash flow | $251.9M | $77.3M | $-50.7M | $62.5M | $-58.9M |
| Capital expenditure | — | — | — | — | — |
| Free cash flow | — | — | — | — | — |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Quarterly trend (as reported)
| Quarter | Revenue | Revenue YoY | Net income | Diluted EPS |
|---|---|---|---|---|
| Q2 FY2026 | $232.3M | -13.2% | $-241.4M | $-0.79 |
| Q2 FY2025 | $267.7M | -1.5% | $35.1M | $0.14 |
| Q2 FY2024 | $271.9M | 45.0% | $31.7M | $0.12 |
| Q2 FY2023 | $187.5M | 78.1% | $800,000 | $0.00 |
| Q2 FY2022 | $105.3M | 92.2% | $-165.3M | $-1.09 |
| Q2 FY2021 | $54.8M | -34.8% | $-59.9M | — |
| Q2 FY2020 | $84.0M | — | $-109.6M | — |
Latest 7 reported quarters, from company XBRL filings on SEC EDGAR.
Company facts
Selected SEC filings
Largest Energy peers
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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.