Borr Drilling (BORR) Tax Provisions (2018 - 2026)
Borr Drilling (BORR) posted quarterly Tax Provisions of -$11.1 million for Q1 2026, up 11.9% year-over-year from -$9.9 million in Q1 2025, and up 9.02% quarter-over-quarter from -$12.2 million in Q4 2025.
Borr Drilling (BORR) Tax Provisions (2018 - 2026) Analysis & Trends
Borr Drilling (BORR) has reported Tax Provisions for 9 consecutive years, with -$11.1 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Provisions rose 11.9% year-over-year to -$11.1 million; the TTM figure through Mar 2026 stood at -$16.8 million (up 68.06% YoY), while the FY2025 annual figure was $40.9 million, down 29.73% from the prior year.
- Tax Provisions improved to -$11.1 million in Q1 2026 per BORR's latest filing, from -$12.2 million in the prior quarter.
- Across five years, Tax Provisions topped out at $11.3 million in Q3 2025 and bottomed at -$18.2 million in Q1 2024.
- Historically, Tax Provisions has averaged -$8.2 million across 5 years, with a median of -$11.1 million in 2026.
- Annual changes were most pronounced in 2022 — Tax Provisions plunged 730.0% — and 2023, when it soared 432.14%.
- Borr Drilling's Tax Provisions stood at -$2.8 million in 2022, then jumped by 432.14% to $9.3 million in 2023, then plunged by 203.23% to -$9.6 million in 2024, then retreated by 27.08% to -$12.2 million in 2025, then rose by 9.02% to -$11.1 million in 2026.
- Business Quant data shows BORR's Tax Provisions at -$11.1 million in Q1 2026, -$12.2 million in Q4 2025, and $11.3 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.43 Bn | 6.98 Bn | 273.38 Mn | 16.29 Mn |
| 2 | Transocean | 6.68 Bn | 5.88 Bn | 358.00 Mn | 14.00 Mn |
| 3 | Patterson Uti Energy | 4.70 Bn | 4.50 Bn | 597.25 Mn | -8.65 Mn |
| 4 | Helmerich & Payne | 4.37 Bn | 4.13 Bn | 349.94 Mn | 72.40 Mn |
| 5 | Seadrill | 2.95 Bn | 2.59 Bn | 234.00 Mn | 12.00 Mn |
| 6 | Borr Drilling | 1.39 Bn | 1.17 Bn | - | 10.90 Mn |
| 7 | Nabors Industries | 1.32 Bn | 807.28 Mn | 309.38 Mn | 16.41 Mn |
| 8 | Precision Drilling | 1.18 Bn | 1.14 Bn | 89.29 Mn | 503,155.99 |
| 9 | Valaris | 827.45 Mn | 286.25 Mn | 123.70 Mn | 33.60 Mn |
| 10 | Sable Offshore | 774.26 Mn | 752.66 Mn | - | 26.98 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 10.90 Mn |
| Mar 31, 2026 | -11.10 Mn |
| Dec 31, 2025 | -12.20 Mn |
| Sep 30, 2025 | 11.30 Mn |
| Jun 30, 2025 | -4.80 Mn |
| Mar 31, 2025 | -12.60 Mn |
| Dec 31, 2024 | -9.60 Mn |
| Sep 30, 2024 | -15.50 Mn |
| Jun 30, 2024 | -14.90 Mn |
| Mar 31, 2024 | -18.20 Mn |
| Dec 31, 2023 | 9.30 Mn |
| Sep 30, 2023 | -14.60 Mn |
| Jun 30, 2023 | -13.40 Mn |
| Mar 31, 2023 | -15.30 Mn |
| Dec 31, 2022 | -2.80 Mn |
| Sep 30, 2022 | -4.50 Mn |
| Jun 30, 2022 | -6.30 Mn |
| Mar 31, 2022 | -4.80 Mn |
| Dec 31, 2021 | -3.70 Mn |
| Sep 30, 2021 | -4.70 Mn |