Borr Drilling (BORR) financial statements
Borr Drilling reported revenue of $1.0B in fiscal 2025, up 217.0% a year over 8 years.
Net income was $45M and the operating margin 31.6%, against -109700.0% in 2017.
The diluted share count rose 923% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Borr Drilling's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $100,000 | $165M | $334M | $308M | $245M | $444M | $772M | $1.0B | $1.0B |
| Selling, general and admin | $21M | $39M | $50M | $49M | $35M | $37M | $45M | $49M | $50M |
| Operating income | -$110M | -$131M | -$151M | -$188M | -$88M | -$102M | $250M | $374M | $322M |
| Interest expense | $500,000 | $14M | $70M | $87M | $99M | $139M | $177M | $212M | $228M |
| Pre-tax income | -$88M | -$188M | -$288M | -$301M | -$183M | -$274M | $56M | -$97M | $60M |
| Income tax | $0 | $2M | $11M | $16M | $10M | $18M | $34M | $58M | $41M |
| Net income | -$88M | -$190M | -$298M | -$318M | -$193M | -$293M | $22M | $82M | $45M |
| EPS (diluted) | -$3.40 | -$3.70 | -$5.54 | -$4.22 | -$1.43 | -$1.64 | $0.09 | $0.32 | $0.17 |
| Diluted shares | 26M | 51M | 54M | 75M | 135M | 178M | 248M | 254M | 265M |
| Operating margin | -109700.0% | -79.7% | -45.1% | -61.1% | -36.0% | -23.0% | 32.5% | 37.0% | 31.6% |
| Net margin | -88000.0% | -115.5% | -89.1% | -103.3% | -78.7% | -66.0% | 2.9% | 8.1% | 4.4% |
Balance sheet
Fiscal years, from Borr Drilling's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $203M | $32M | $59M | $19M | $35M | $108M | $102M | $62M | $380M |
| Receivables | — | $25M | $40M | $23M | $28M | $43M | — | — | — |
| Total current assets | — | $209M | $278M | $141M | $176M | $350M | $410M | $517M | $768M |
| Property, plant and equipment | — | $10M | $7M | $6M | $4M | $4M | $4M | $3M | $2M |
| Total assets | — | $2.9B | $3.3B | $3.2B | $3.1B | $3.0B | $3.1B | $3.4B | $3.6B |
| Total current liabilities | — | $119M | $250M | $96M | $118M | $746M | $360M | $410M | $351M |
| Long-term debt | — | $1.2B | $1.7B | $1.9B | $1.9B | $1.2B | $1.6B | $2.0B | $2.0B |
| Total liabilities | — | $1.4B | $2.0B | $2.1B | $2.2B | $2.1B | $2.1B | $2.4B | $2.4B |
| Shareholders' equity | $1.5B | $1.5B | $1.3B | $1.0B | $890M | $898M | $984M | $993M | $1.2B |
| Net debt | -$203M | $1.1B | $1.7B | $1.9B | $1.9B | $1.5B | $1.6B | $2.0B | $1.8B |
Cash flow
Fiscal years, from Borr Drilling's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$185M | -$135M | -$89M | -$55M | -$59M | $62M | -$51M | $77M | $252M |
| Stock-based compensation | $8M | $4M | $4M | $700,000 | $900,000 | $3M | $6M | $9M | $11M |
| Dividends paid | — | — | — | — | — | $0 | $0 | $76M | $5M |
| Share buybacks (net) | -$8M | -$20M | $0 | $0 | $0 | $0 | -$800,000 | -$20M | -$200,000 |
| Net borrowing | $0 | -$89M | -$332M | $5M | $0 | -$206M | -$1.8B | -$286M | -$142M |
| Dividends per share | — | — | — | — | — | — | — | $0.30 | $0.02 |
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Open BORR in InvestinglyQuestions
What was Borr Drilling's revenue in 2025?
$1.0B in fiscal 2025, from its 10-K filing.
From Borr Drilling's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.