Borr Drilling Limited (BORR)

Borr Drilling Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,025	1,011	771.6	443.8	245.3	307.5
Revenue Growth (YoY)	5.83%	30.98%	73.86%	80.92%	-20.23%	-7.96%
Cost of Revenue	459.1	443.3	348.6	264.9	180.5	270.4
Gross Profit	565.4	567.3	423	178.9	64.8	37.1
Selling, General & Admin	63.8	62.3	55.8	36.8	34.7	49.1
Operating Expenses	209.7	193.5	173.2	153.3	154.3	167
Operating Income	355.7	373.8	249.8	25.6	-89.5	-129.9
Interest Expense	-230	-211.7	-177.2	-139.2	-99.4	-93
Interest & Investment Income	3.2	6.4	4.9	5.4	-	0.2
Earnings From Equity Investments	-4.8	-1.2	4.9	1.2	16.1	9.5
Currency Exchange Gain (Loss)	-2.9	-3.7	-2.8	-0.9	-2.8	1.5
Other Non Operating Income (Expenses)	-8.3	-21.4	-24.1	-39	-12.5	-31.6
EBT Excluding Unusual Items	112.9	142.2	55.5	-146.9	-188.1	-243.3
Gain (Loss) on Sale of Investments	-	-	-	-	3.6	-
Gain (Loss) on Sale of Assets	-	0.4	0.6	4.2	1.2	19
Asset Writedown	-	-	-	-131.7	-	-77.1
Other Unusual Items	-2.3	-2.3	-	-	-	-
Pretax Income	110.6	140.3	56.1	-274.4	-183.3	-301.4
Income Tax Expense	38.3	58.2	34	18.4	9.7	16.2
Earnings From Continuing Operations	72.3	82.1	22.1	-292.8	-193	-317.6
Net Income	72.3	82.1	22.1	-292.8	-193	-317.6
Net Income to Common	72.3	82.1	22.1	-292.8	-193	-317.6
Net Income Growth	-14.13%	271.49%	-	-	-	-
Shares Outstanding (Basic)	252	251	244	178	135	75
Shares Outstanding (Diluted)	253	254	248	178	135	75
Shares Change (YoY)	-2.00%	2.54%	39.09%	32.42%	79.21%	39.89%
EPS (Basic)	0.29	0.33	0.09	-1.64	-1.43	-4.22
EPS (Diluted)	0.28	0.32	0.09	-1.64	-1.43	-4.22
EPS Growth	-15.66%	255.56%	-	-	-	-
Free Cash Flow	-56.2	-332.1	-164.7	-20.8	-77.8	-97.2
Free Cash Flow Per Share	-0.22	-1.30	-0.66	-0.12	-0.58	-1.29
Dividend Per Share	0.020	0.240	0.050	-	-	-
Dividend Growth	-92.59%	380.00%	-	-	-	-
Gross Margin	55.19%	56.14%	54.82%	40.31%	26.42%	12.06%
Operating Margin	34.72%	36.99%	32.37%	5.77%	-36.49%	-42.24%
Profit Margin	7.06%	8.12%	2.86%	-65.98%	-78.68%	-103.29%
Free Cash Flow Margin	-5.49%	-32.86%	-21.34%	-4.69%	-31.72%	-31.61%
EBITDA	501.6	505	367.2	142.1	30.1	-12
EBITDA Margin	48.96%	49.97%	47.59%	32.02%	12.27%	-3.90%
D&A For EBITDA	145.9	131.2	117.4	116.5	119.6	117.9
EBIT	355.7	373.8	249.8	25.6	-89.5	-129.9
EBIT Margin	34.72%	36.99%	32.37%	5.77%	-36.49%	-42.24%
Effective Tax Rate	34.63%	41.48%	60.61%	-	-	-
Revenue as Reported	1,025	1,011	771.6	443.8	245.3	307.5

Updated Nov 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q