Borr Drilling Ltd BORR
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Market cap
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No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS0.17
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.02B | $1.01B | $771.6M | $443.8M | $245.3M | $307.5M | $334.1M | $164.9M | $100.0K | — |
| SG&A | $50.4M | $49.2M | $45.1M | $36.8M | $34.7M | $49.1M | $50.4M | $38.7M | $21.0M | — |
| Total operating expenses | $699.0M | $636.8M | $521.8M | $549.9M | $334.8M | $514.5M | $491.3M | $353.2M | $109.8M | — |
| Operating income | $322.1M | $374.2M | $250.4M | -$101.9M | -$88.3M | -$188.0M | -$150.8M | -$131.4M | -$109.7M | — |
| Interest expense | $228.4M | $211.7M | $177.2M | $139.2M | $99.4M | $87.4M | $70.4M | $13.7M | $500.0K | — |
| Pre-tax income | $85.9M | $140.3M | $56.1M | -$274.4M | -$183.3M | -$301.4M | -$287.9M | -$188.4M | -$88.0M | — |
| Income tax | $40.9M | $58.2M | $34.0M | $18.4M | $9.7M | $16.2M | $11.2M | $2.5M | $0 | — |
| Net income | $45.0M | $82.1M | $22.1M | -$292.8M | -$193.0M | -$317.6M | -$297.6M | -$190.5M | -$88.0M | — |
| EPS, basic | 0.17 | 0.33 | 0.09 | -1.64 | -1.43 | -4.22 | -5.54 | -1.85 | -1.70 | — |
| EPS, diluted | 0.17 | 0.32 | 0.09 | -1.64 | -1.43 | -4.22 | -5.54 | -1.85 | -1.70 | — |
| Shares, diluted (wtd. avg.) | 264.5M | 254.5M | 248.2M | 178.4M | 134.7M | 75.2M | 53.7M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $379.7M | $61.6M | $102.5M | $108.0M | $34.9M | $19.2M | $59.1M | $27.9M | $203.1M | $138.1M |
| Short-term investments | — | — | — | — | — | — | $0 | $4.2M | — | — |
| Receivables | — | — | — | $43.0M | $28.5M | $22.9M | $40.2M | $25.1M | — | — |
| Total current assets | $768.4M | $516.6M | $409.9M | $349.9M | $176.2M | $140.8M | $277.9M | $208.6M | — | — |
| Property, plant and equipment | $2.0M | $2.8M | $3.5M | $3.9M | $3.7M | $5.6M | $7.3M | $9.5M | — | — |
| Total assets | $3.63B | $3.42B | $3.08B | $3.00B | $3.08B | $3.17B | $3.28B | $2.91B | — | — |
| Accounts payable | $33.8M | $81.6M | $35.5M | $47.7M | $34.7M | $20.4M | $14.1M | $9.6M | — | — |
| Short-term debt | $129.3M | $118.1M | $82.9M | $445.9M | $0 | — | — | — | — | — |
| Total current liabilities | $350.7M | $409.6M | $360.4M | $745.6M | $117.9M | $96.0M | $249.7M | $119.3M | — | — |
| Long-term debt | $2.02B | $1.99B | $1.62B | $1.19B | $1.92B | $1.91B | $1.71B | $1.17B | — | — |
| Total liabilities | $2.40B | $2.43B | $2.10B | $2.10B | $2.19B | $2.13B | $1.99B | $1.38B | — | — |
| Retained earnings | -$1.23B | -$1.28B | -$1.36B | -$1.38B | -$1.09B | -$895.2M | -$576.7M | -$279.2M | — | — |
| Total equity | $1.22B | $993.3M | $984.0M | $897.8M | $889.9M | $1.04B | $1.29B | $1.53B | $1.49B | $157.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $251.9M | $77.3M | -$50.7M | $62.5M | -$58.9M | -$54.8M | -$89.0M | -$135.2M | -$184.9M | — |
| Depreciation and amortisation | $148.0M | $131.2M | $117.4M | $116.5M | $119.6M | $117.9M | $101.4M | $79.5M | $21.2M | — |
| Stock-based compensation | $11.3M | $9.1M | $5.6M | $2.6M | $900.0K | $700.0K | $3.9M | $3.7M | $8.2M | — |
| Investing cash flow | -$124.5M | -$409.4M | -$104.2M | -$82.6M | $40.9M | -$119.7M | -$271.1M | -$560.1M | -$1.26B | — |
| Financing cash flow | $190.8M | $292.0M | $139.0M | $92.6M | $44.8M | $65.2M | $397.3M | $583.5M | $1.51B | — |
| Dividends paid | $4.7M | $76.3M | $0 | $0 | — | — | — | — | — | — |
| Buybacks | $200.0K | $19.9M | $800.0K | $0 | $0 | $0 | $0 | $19.7M | $8.4M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-021450.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $100.0K | $164.9M | $334.1M | $307.5M | $245.3M | $443.8M | $771.6M | $1.01B | $1.02B |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | — | -$88.0M | -$190.5M | -$297.6M | -$317.6M | -$193.0M | -$292.8M | $22.1M | $82.1M | $45.0M |
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