Borr Drilling Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,051	1,021	1,011	771.6	443.8	245.3
Revenue Growth (YoY)	5.84%	1.01%	30.98%	73.86%	80.92%	-20.23%
Cost of Revenue	535.5	500.6	456.4	359.3	264.9	180.5
Gross Profit	515.7	520.2	554.2	412.3	178.9	64.8
Selling, General & Admin	53.1	50.4	49.2	45.1	36.8	34.7
Depreciation & Amortization Expenses	154.6	148	131.2	117.4	116.5	119.6
Other Operating Expenses	0.1	-0.3	-0.4	-0.6	127.5	-1.2
Total Operating Expenses	207.8	198.1	180	161.9	280.8	153.1
Operating Income	307.9	322.1	374.2	250.4	-101.9	-88.3
Interest Income	4.8	3.7	6.4	4.9	5.4	-
Interest Expense	-233.5	-228.4	-211.7	-177.2	-139.2	-99.4
Other Non-Operating Income (Expense)	-6.9	-11.5	-28.6	-22	-38.7	4.4
Total Non-Operating Income (Expense)	-235.6	-236.2	-233.9	-194.3	-172.5	-95
Pretax Income	72.3	85.9	140.3	56.1	-274.4	-183.3
Provision for Income Taxes	39.4	40.9	58.2	34	18.4	9.7
Net Income	32.9	45	82.1	22.1	-292.8	-193
Net Income to Common	32.9	45	82.1	22.1	-292.8	-193
Net Income Growth	-35.24%	-45.19%	271.49%	-	-	-
Shares Outstanding (Basic)	278	262	251	244	178	135
Shares Outstanding (Diluted)	296	265	254	248	178	135
Shares Change (YoY)	10.47%	3.96%	2.54%	39.09%	32.42%	79.21%
EPS (Basic)	0.16	0.17	0.33	0.09	-1.64	-1.43
EPS (Diluted)	0.15	0.17	0.32	0.09	-1.64	-1.43
EPS Growth	-21.05%	-46.88%	255.56%	-	-	-
Shares Outstanding	307.7	307.22	244.93	252.58	228.95	136.81
Free Cash Flow	-103.7	127.4	-332.1	-164.7	0	0
Free Cash Flow Per Share	-0.35	0.48	-1.31	-0.66	-	-
Dividends Per Share	-	-	0.240	0.050	-	-
Dividend Growth	-	-	380.00%	-	-	-
Gross Margin	49.06%	50.96%	54.84%	53.43%	40.31%	26.42%
Operating Margin	29.29%	31.55%	37.03%	32.45%	-22.96%	-36.00%
Profit Margin	3.13%	4.41%	8.12%	2.86%	-65.98%	-78.68%
FCF Margin	-9.86%	12.48%	-32.86%	-21.35%	0.00%	0.00%
EBITDA	424.7	470.1	505.4	367.8	-101.9	-88.3
EBITDA Margin	40.40%	46.05%	50.01%	47.67%	-22.96%	-36.00%
EBIT	307.9	322.1	374.2	250.4	-101.9	-88.3
EBIT Margin	29.29%	31.55%	37.03%	32.45%	-22.96%	-36.00%
Effective Tax Rate	54.50%	47.61%	41.48%	60.61%	-6.71%	-5.29%

SEC Filings: 10-K · 10-Q