Borr Drilling (BORR) Net Income (2018 - 2026)
Borr Drilling (BORR) posted quarterly Net Income of -$29.0 million for Q1 2026, down 71.6% year-over-year from -$102.1 million in Q1 2025, and down 2800.0% quarter-over-quarter from -$1.0 million in Q4 2025.
Borr Drilling (BORR) Net Income (2018 - 2026) Analysis & Trends
Borr Drilling (BORR) has reported Net Income for 9 consecutive years, with -$29.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Income fell 71.6% year-over-year to -$29.0 million; the TTM figure through Mar 2026 stood at $32.9 million (down 35.24% YoY), while the FY2025 annual figure was $45.0 million, down 45.19% from the prior year.
- Net Income eased to -$29.0 million in Q1 2026 per BORR's latest filing, from -$1.0 million in the prior quarter.
- Across five years, Net Income topped out at $35.1 million in Q2 2025 and bottomed at -$165.3 million in Q2 2022.
- Historically, Net Income has averaged -$10.2 million across 5 years, with a median of $300000.0 in 2023.
- Annual changes were most pronounced in 2024 — Net Income soared 3862.5% — and 2025, when it sank 217.36%.
- Borr Drilling's Net Income stood at -$21.3 million in 2022, then soared by 233.33% to $28.4 million in 2023, then slipped by 7.39% to $26.3 million in 2024, then plunged by 103.8% to -$1.0 million in 2025, then sank by 2800.0% to -$29.0 million in 2026.
- Business Quant data shows BORR's Net Income at -$29.0 million in Q1 2026, -$1.0 million in Q4 2025, and $27.8 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.43 Bn | 6.98 Bn | 273.38 Mn | -36.68 Mn |
| 2 | Transocean | 6.68 Bn | 5.88 Bn | 358.00 Mn | 170.00 Mn |
| 3 | Patterson Uti Energy | 4.70 Bn | 4.50 Bn | 597.25 Mn | -19.28 Mn |
| 4 | Helmerich & Payne | 4.37 Bn | 4.13 Bn | 349.94 Mn | 78.12 Mn |
| 5 | Seadrill | 2.95 Bn | 2.59 Bn | 234.00 Mn | 29.00 Mn |
| 6 | Borr Drilling | 1.39 Bn | 1.17 Bn | - | -241.40 Mn |
| 7 | Nabors Industries | 1.32 Bn | 807.28 Mn | 309.38 Mn | -1.52 Mn |
| 8 | Precision Drilling | 1.18 Bn | 1.14 Bn | 89.29 Mn | 12.90 Mn |
| 9 | Valaris | 827.45 Mn | 286.25 Mn | 123.70 Mn | 47.00 Mn |
| 10 | Sable Offshore | 774.26 Mn | 752.66 Mn | - | -64.22 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -241.40 Mn |
| Mar 31, 2026 | -29.00 Mn |
| Dec 31, 2025 | -1.00 Mn |
| Sep 30, 2025 | 27.80 Mn |
| Jun 30, 2025 | 35.10 Mn |
| Mar 31, 2025 | -16.90 Mn |
| Dec 31, 2024 | 26.30 Mn |
| Sep 30, 2024 | 9.70 Mn |
| Jun 30, 2024 | 31.70 Mn |
| Mar 31, 2024 | 14.40 Mn |
| Dec 31, 2023 | 28.40 Mn |
| Sep 30, 2023 | 300,000.00 |
| Jun 30, 2023 | 800,000.00 |
| Mar 31, 2023 | -7.40 Mn |
| Dec 31, 2022 | -21.30 Mn |
| Sep 30, 2022 | -54.90 Mn |
| Jun 30, 2022 | -165.30 Mn |
| Mar 31, 2022 | -51.30 Mn |
| Dec 31, 2021 | -46.10 Mn |
| Sep 30, 2021 | -32.60 Mn |