Borr Drilling (BORR) Change in Taxes (2018 - 2026)
Borr Drilling (BORR) posted quarterly Change in Taxes of -$6.7 million for Q1 2026, up 60.36% year-over-year from -$4.2 million in Q1 2025, and up 67.79% quarter-over-quarter from -$20.8 million in Q2 2025.
Borr Drilling (BORR) Change in Taxes (2018 - 2026) Analysis & Trends
Borr Drilling (BORR) has reported Change in Taxes for 9 consecutive years, with -$6.7 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Change in Taxes rose 60.36% year-over-year to -$6.7 million; the TTM figure through Mar 2026 stood at -$54.1 million (up 4.42% YoY), while the FY2023 annual figure was -$38.2 million, down 135.8% from the prior year.
- Change in Taxes climbed to -$6.7 million in Q1 2026 per BORR's latest filing, from -$20.8 million in the prior quarter.
- Across five years, Change in Taxes topped out at -$1.6 million in Q1 2022 and bottomed at -$20.8 million in Q2 2025.
- Historically, Change in Taxes has averaged -$9.9 million across 5 years, with a median of -$9.8 million in 2023.
- Annual changes were most pronounced in 2023 — Change in Taxes sank 525.0% — and 2026, when it soared 60.36%.
- Borr Drilling's Change in Taxes stood at -$5.7 million in 2022, then tumbled by 73.68% to -$9.9 million in 2023, then climbed by 2.02% to -$9.7 million in 2024, then plunged by 114.43% to -$20.8 million in 2025, then soared by 67.79% to -$6.7 million in 2026.
- Business Quant data shows BORR's Change in Taxes at -$6.7 million in Q1 2026, -$20.8 million in Q2 2025, and -$16.9 million in Q1 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.43 Bn | 6.98 Bn | 273.38 Mn | - |
| 2 | Transocean | 6.68 Bn | 5.88 Bn | 358.00 Mn | - |
| 3 | Patterson Uti Energy | 4.70 Bn | 4.50 Bn | 597.25 Mn | - |
| 4 | Helmerich & Payne | 4.37 Bn | 4.13 Bn | 349.94 Mn | - |
| 5 | Seadrill | 2.95 Bn | 2.59 Bn | 234.00 Mn | - |
| 6 | Borr Drilling | 1.39 Bn | 1.17 Bn | - | - |
| 7 | Nabors Industries | 1.32 Bn | 807.28 Mn | 309.38 Mn | -5.45 Mn |
| 8 | Precision Drilling | 1.18 Bn | 1.14 Bn | 89.29 Mn | 2.92 Mn |
| 9 | Valaris | 827.45 Mn | 286.25 Mn | 123.70 Mn | - |
| 10 | Sable Offshore | 774.26 Mn | 752.66 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -6.70 Mn |
| Mar 31, 2026 | -6.70 Mn |
| Jun 30, 2025 | -20.80 Mn |
| Jun 30, 2025 | -20.80 Mn |
| Mar 31, 2025 | -16.90 Mn |
| Mar 31, 2025 | -16.90 Mn |
| Sep 30, 2024 | -9.70 Mn |
| Sep 30, 2024 | -9.70 Mn |
| Jun 30, 2024 | -17.20 Mn |
| Jun 30, 2024 | -17.20 Mn |
| Mar 31, 2024 | -12.80 Mn |
| Mar 31, 2024 | -12.80 Mn |
| Dec 31, 2023 | -9.90 Mn |
| Dec 31, 2023 | -9.90 Mn |
| Sep 30, 2023 | -10.40 Mn |
| Sep 30, 2023 | -10.40 Mn |
| Jun 30, 2023 | -7.90 Mn |
| Jun 30, 2023 | -7.90 Mn |
| Mar 31, 2023 | -10.00 Mn |
| Mar 31, 2023 | -10.00 Mn |