Borr Drilling (BORR) Interest Expenses (2018 - 2026)
Borr Drilling (BORR) posted quarterly Interest Expenses of -$63.2 million for Q1 2026, down 8.78% year-over-year from -$69.3 million in Q1 2025, and down 11.46% quarter-over-quarter from -$56.7 million in Q4 2025.
Borr Drilling (BORR) Interest Expenses (2018 - 2026) Analysis & Trends
Borr Drilling (BORR) has reported Interest Expenses for 9 consecutive years, with -$63.2 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Interest Expenses fell 8.78% year-over-year to -$63.2 million; the TTM figure through Mar 2026 stood at -$274.6 million (down 8.2% YoY), while the FY2025 annual figure was $228.4 million, up 7.89% from the prior year.
- Interest Expenses declined to -$63.2 million in Q1 2026 per BORR's latest filing, from -$56.7 million in the prior quarter.
- Across five years, Interest Expenses topped out at -$27.2 million in Q1 2022 and bottomed at -$99.2 million in Q4 2023.
- Historically, Interest Expenses has averaged -$57.0 million across 5 years, with a median of -$56.4 million in 2025.
- Annual changes were most pronounced in 2023 — Interest Expenses slumped 120.0% — and 2024, when it soared 42.34%.
- Borr Drilling's Interest Expenses stood at -$51.9 million in 2022, then plunged by 91.14% to -$99.2 million in 2023, then jumped by 42.34% to -$57.2 million in 2024, then advanced by 0.87% to -$56.7 million in 2025, then dropped by 11.46% to -$63.2 million in 2026.
- Business Quant data shows BORR's Interest Expenses at -$63.2 million in Q1 2026, -$56.7 million in Q4 2025, and -$56.4 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.43 Bn | 6.98 Bn | 273.38 Mn | 36.20 Mn |
| 2 | Transocean | 6.68 Bn | 5.88 Bn | 358.00 Mn | -20.00 Mn |
| 3 | Patterson Uti Energy | 4.70 Bn | 4.50 Bn | 597.25 Mn | 20.40 Mn |
| 4 | Helmerich & Payne | 4.37 Bn | 4.13 Bn | 349.94 Mn | 24.44 Mn |
| 5 | Seadrill | 2.95 Bn | 2.59 Bn | 234.00 Mn | 16.00 Mn |
| 6 | Borr Drilling | 1.39 Bn | 1.17 Bn | - | 236.40 Mn |
| 7 | Nabors Industries | 1.32 Bn | 807.28 Mn | 309.38 Mn | 42.68 Mn |
| 8 | Precision Drilling | 1.18 Bn | 1.14 Bn | 89.29 Mn | 8.89 Mn |
| 9 | Valaris | 827.45 Mn | 286.25 Mn | 123.70 Mn | - |
| 10 | Sable Offshore | 774.26 Mn | 752.66 Mn | - | 43.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 236.40 Mn |
| Jun 30, 2026 | 236.40 Mn |
| Mar 31, 2026 | -63.20 Mn |
| Mar 31, 2026 | -63.20 Mn |
| Dec 31, 2025 | -56.70 Mn |
| Dec 31, 2025 | -56.70 Mn |
| Sep 30, 2025 | -56.40 Mn |
| Sep 30, 2025 | -56.40 Mn |
| Jun 30, 2025 | -98.30 Mn |
| Jun 30, 2025 | -98.30 Mn |
| Mar 31, 2025 | -58.10 Mn |
| Mar 31, 2025 | -58.10 Mn |
| Dec 31, 2024 | -57.20 Mn |
| Dec 31, 2024 | -57.20 Mn |
| Sep 30, 2024 | -53.50 Mn |
| Sep 30, 2024 | -53.50 Mn |
| Jun 30, 2024 | -85.00 Mn |
| Jun 30, 2024 | -85.00 Mn |
| Mar 31, 2024 | -49.00 Mn |
| Mar 31, 2024 | -49.00 Mn |