Borr Drilling Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	1,021	1,011	771.6	443.8	245.3
Revenue Growth (YoY)	1.01%	30.98%	73.86%	80.92%	-
Cost of Revenue	500.6	456.4	359.3	264.9	180.5
Gross Profit	520.2	554.2	412.3	178.9	64.8
Selling, General & Admin	50.4	49.2	45.1	36.8	34.7
Depreciation & Amortization Expenses	148	131.2	117.4	116.5	119.6
Other Operating Expenses	-0.3	-0.4	-0.6	127.5	-1.2
Total Operating Expenses	198.1	180	161.9	280.8	153.1
Operating Income	322.1	374.2	250.4	-101.9	-88.3
Interest Income	3.7	6.4	4.9	5.4	-
Interest Expense	-228.4	-211.7	-177.2	-139.2	-99.4
Other Non-Operating Income (Expense)	-11.5	-28.6	-22	-38.7	4.4
Total Non-Operating Income (Expense)	-236.2	-233.9	-194.3	-172.5	-95
Pretax Income	85.9	140.3	56.1	-274.4	-183.3
Provision for Income Taxes	40.9	58.2	34	18.4	9.7
Net Income	45	82.1	22.1	-292.8	-193
Net Income to Common	45	82.1	22.1	-292.8	-193
Net Income Growth	-45.19%	271.49%	-	-	-
Shares Outstanding (Basic)	262	251	244	178	135
Shares Outstanding (Diluted)	265	254	248	178	135
Shares Change (YoY)	3.96%	2.54%	39.09%	32.42%	-
EPS (Basic)	0.17	0.33	0.09	-1.64	-1.43
EPS (Diluted)	0.17	0.32	0.09	-1.64	-1.43
EPS Growth	-46.88%	255.56%	-	-	-
Shares Outstanding	307.22	244.93	252.58	228.95	136.81
Free Cash Flow	163.4	-332.1	-164.7	0	0
Free Cash Flow Per Share	0.62	-1.31	-0.66	-	-
Dividends Per Share	-	0.240	0.050	-	-
Dividend Growth	-	380.00%	-	-	-
Gross Margin	50.96%	54.84%	53.43%	40.31%	26.42%
Operating Margin	31.55%	37.03%	32.45%	-22.96%	-36.00%
Profit Margin	4.41%	8.12%	2.86%	-65.98%	-78.68%
FCF Margin	16.01%	-32.86%	-21.35%	0.00%	0.00%
EBITDA	470.1	505.4	367.8	-101.9	-88.3
EBITDA Margin	46.05%	50.01%	47.67%	-22.96%	-36.00%
EBIT	322.1	374.2	250.4	-101.9	-88.3
EBIT Margin	31.55%	37.03%	32.45%	-22.96%	-36.00%
Effective Tax Rate	47.61%	41.48%	60.61%	-6.71%	-5.29%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q