Operates jack-up rigs for oil and gas drilling in shallow waters.
Dec 2025Revenue $1.02B/yrExpenses $699M/yr
Reached break-even Apr 2023
Figures by year
When did Borr Drilling become profitable?
Its revenue passed its expenses in Apr 2023. In the 12 months to Dec 2025, revenue was $1.02B and expenses $699M.
| Fiscal year to | Revenue | Expenses | Operating profit |
|---|---|---|---|
| Dec 2025 | $1.02B | $699M | $322M |
| Dec 2024 | $1.01B | $636M | $374M |
| Dec 2023 | $772M | $521M | $250M |
| Dec 2022 | $444M | $546M | −$102M |
| Dec 2021 | $245M | $334M | −$88.3M |
| Dec 2020 | $308M | $496M | −$188M |
| Dec 2019 | $334M | $485M | −$151M |
| Dec 2018 | $165M | $296M | −$131M |
| Dec 2017 | $100K | $110M | −$110M |
When the cash runs out, on the chart. A red line at the date the company’s cash would run out at its latest burn, so you can see whether it gets to break-even first. Part of a subscription.