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
DateValue
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