Borr Drilling (BORR) Operating Expenses (2018 - 2026)
Borr Drilling (BORR) reported Operating Expenses of -$144.7 million for Q1 2026, down 31.79% year-over-year from -$212.1 million in Q1 2025, and down 3.28% quarter-over-quarter from -$140.1 million in Q4 2025.
Borr Drilling (BORR) Operating Expenses (2018 - 2026) Analysis & Trends
Borr Drilling (BORR) has 9 years of Operating Expenses data on file, last reported at -$144.7 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at -$144.7 million, down 31.79% year-over-year; the trailing twelve-month figure through Mar 2026 was -$277.1 million (up 40.05% YoY), and the FY2025 annual result was $699.0 million, up 53.16% from the prior year.
- Operating Expenses fell to -$144.7 million in Q1 2026 per BORR's latest filing, from -$140.1 million in the prior quarter.
- Over five years, Operating Expenses peaked at $178.9 million in Q3 2025 and troughed at -$171.2 million in Q2 2025.
- A 5-year average of -$86.3 million and a median of -$98.5 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses slumped 115.5% in 2022, then soared 256.52% in 2025.
- A 5-year view of Operating Expenses shows it stood at -$83.4 million in 2022, then declined by 18.11% to -$98.5 million in 2023, then fell by 15.74% to -$114.0 million in 2024, then retreated by 22.89% to -$140.1 million in 2025, then fell by 3.28% to -$144.7 million in 2026.
- Business Quant data shows BORR's Operating Expenses at -$144.7 million in Q1 2026, -$140.1 million in Q4 2025, and $178.9 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Precision Drilling | 156.90 Bn | 156.84 Bn | 120.82 Mn | 30.44 Mn |
| 2 | Noble | 7.48 Bn | 6.81 Bn | 755.58 Mn | 560.38 Mn |
| 3 | Transocean | 6.71 Bn | 6.09 Bn | 475.00 Mn | 798.00 Mn |
| 4 | Patterson Uti Energy | 4.36 Bn | 4.03 Bn | 535.85 Mn | 1.13 Bn |
| 5 | Helmerich & Payne | 3.92 Bn | 3.82 Bn | 907.56 Mn | 969.28 Mn |
| 6 | Seadrill | 2.75 Bn | 2.42 Bn | 177.00 Mn | 334.00 Mn |
| 7 | Sable Offshore | 1.56 Bn | 1.51 Bn | -66.76 Mn | 120.03 Mn |
| 8 | Nabors Industries | 1.45 Bn | 1.33 Bn | 290.08 Mn | 765.29 Mn |
| 9 | Borr Drilling | 1.40 Bn | 1.16 Bn | - | -144.70 Mn |
| 10 | Valaris | 492.40 Mn | -85.40 Mn | 92.00 Mn | 452.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -144.70 Mn |
| Dec 31, 2025 | -140.10 Mn |
| Sep 30, 2025 | 178.90 Mn |
| Jun 30, 2025 | -171.20 Mn |
| Mar 31, 2025 | -109.80 Mn |
| Dec 31, 2024 | -114.00 Mn |
| Sep 30, 2024 | -114.30 Mn |
| Jun 30, 2024 | -124.10 Mn |
| Mar 31, 2024 | -104.00 Mn |
| Dec 31, 2023 | -98.50 Mn |
| Sep 30, 2023 | -85.80 Mn |
| Jun 30, 2023 | -89.50 Mn |
| Mar 31, 2023 | -85.50 Mn |
| Dec 31, 2022 | -83.40 Mn |
| Sep 30, 2022 | -60.40 Mn |
| Jun 30, 2022 | -65.50 Mn |
| Mar 31, 2022 | -55.60 Mn |
| Dec 31, 2021 | -38.70 Mn |
| Sep 30, 2021 | -45.60 Mn |
| Jun 30, 2021 | -47.40 Mn |