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BORR on NYSE

Borr Drilling Ltd

Borr Drilling Ltd is a drilling oil and gas wells company based in Hamilton, Bermuda.2

Price unavailable

Last updated Oct 21, 2026.

Overview

$1.0BRevenue, fiscal 20253
$45.0MNet income, fiscal 20253

Compare with Diamond Offshore Drilling, Seadrill or HighPeak Energy, Inc., or pick any stock.

  • TickerBORR on NYSE2
  • IndustryDrilling Oil & Gas Wells2
  • HeadquartersHamilton, Bermuda2
  • Incorporated inBermuda4
  • Business addressS.E. Pearman Building, 2Nd Floor 9 Par-La-Ville Road, Hamilton, D0 Hm114
  • Filer categoryAccelerated filer4
  • Legal formExempted Companies Limited by Shares2
  • LEI213800J2JPCTXLHQ5R782
  • StatusActive2
  • LEI statusIssued and current2
  • Registered address2ND FLOOR, S.E. PEARMAN BUILDING, 9 PAR-LA-VILLE ROAD, HM 11 Hamilton, Bermuda2
  • Registered withRegistrar of Companies (Ministry of Economic Development), 517412

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Borr Drilling Limited was incorporated in Bermuda on August 8, 2016, pursuant to the Companies Act 1981 of Bermuda (the “Companies Act”), as an exempted company limited by shares. On December 19, 2016, our shares were introduced to the Norwegian OTC market and on August 30, 2017, our shares were listed on the Oslo Stock Exchange (“OSE”) under the symbol “BDRILL”, which was subsequently changed to “BORR” on November 30, 2020. On July 31, 2019, our shares were listed on the New York Stock Exchange (“NYSE”) under the symbol “BORR”.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

31.6%Operating margin3
4.4%Net margin3
1.0%Revenue growth, 20253
3.7%Return on equity3
1.65×Debt to equity3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

South East Asia brought in 29% of the revenue Borr Drilling Ltd broke down this way in fiscal 2025.

  1. South East Asia$295.8M329%up 3% from 2024
  2. West Africa$279.1M327%up 49% from 2024
  3. Americas$226.4M322%down 22% from 2024
  4. Middle East And North Africa$176.6M317%down 16% from 2024
  5. Europe$42.9M34%up 18% from 2024
Regions by year
Regions202320242025
South East Asia$233.0M$285.9M$295.8M
West Africa$168.6M$187.8M$279.1M
Americas$191.2M$289.6M$226.4M
Middle East And North Africa$147.8M$210.9M$176.6M
Europe$31.0M$36.4M$42.9M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs92¢$934.9M
  • Income tax4¢$40.9M
  • Profit4¢$45.0M

Out of $1.0B in revenue.3

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid2¢$4.7M
  • Share buybacks0¢$200.0K
  • Kept or used elsewhere98¢$247.0M

Out of $251.9M of cash from operations.3

Financial statements

Revenue6789103$1.0B in 2025+519% since 2018
0$500.0M$1.0B$1.5B2018: $164.9M$164.9M20182019: $334.1M$334.1M2019+103%2020: $307.5M$307.5M2020−8%2021: $245.3M$245.3M2021−20%2022: $443.8M$443.8M2022+81%2023: $771.6M$771.6M2023+74%2024: $1.0B$1.0B2024+31%2025: $1.0B$1.0B2025+1%
Operating income6789103$322.1M in 2025
-$200.0M0$200.0M$400.0M2018: -$131.4M-$131.4M20182019: -$150.8M-$150.8M2019+15%2020: -$188.0M-$188.0M2020+25%2021: -$88.3M-$88.3M2021−53%2022: -$101.9M-$101.9M2022+15%2023: $250.4M$250.4M20232024: $374.2M$374.2M2024+49%2025: $322.1M$322.1M2025−14%
Net income6789103$45.0M in 2025
-$400.0M-$300.0M-$200.0M-$100.0M0$100.0M2018: -$190.5M-$190.5M20182019: -$297.6M-$297.6M2019+56%2020: -$317.6M-$317.6M2020+7%2021: -$193.0M-$193.0M2021−39%2022: -$292.8M-$292.8M2022+52%2023: $22.1M$22.1M20232024: $82.1M$82.1M2024+271%2025: $45.0M$45.0M2025−45%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2025-12-312024-12-312023-12-31
Total operating revenues$1.0B$1.0B$771.6M
Gain on disposals$300.0K$400.0K$600.0K
Rig operating and maintenance expenses-$500.6M-$456.4M-$359.3M
Depreciation of non-current assets-$148.0M-$131.2M-$117.4M
General and administrative expenses-$50.4M-$49.2M-$45.1M
Total operating expenses-$699.0M-$636.8M-$521.8M
Operating income$322.1M$374.2M$250.4M
(Loss) / income from equity method investments-$2.7M-$1.2M$4.9M
Interest income$3.7M$6.4M$4.9M
Interest expense-$228.4M-$211.7M-$177.2M
Other financial expenses, net-$8.8M-$27.4M-$26.9M
Total financial expenses, net-$233.5M-$232.7M-$199.2M
Income before income taxes$85.9M$140.3M$56.1M
Income tax expense-$40.9M-$58.2M-$34.0M
Net income attributable to shareholders of Borr Drilling Limited$45.0M$82.1M$22.1M
Basic income per share (in dollars per share)$0.17$0.33$0.09
Diluted income per share (in dollars per share)$0.17$0.32$0.09
Weighted-average shares outstanding, basic (in shares)262.3M shares250.9M shares244.3M shares
Weighted-average shares outstanding, diluted (in shares)264.5M shares254.5M shares248.2M shares

Compare Borr Drilling Ltd with another company

Corporate structure

Borr Drilling Ltd sits at the top of its group. 6 entities, 4 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Borr Drilling Ltd

  • Drew Holdings Ltd Filed SCHEDULE 13D/A on Borr Drilling Ltd, latest Oct 15, 2026 (7 filings since Feb 13, 2024)
  • cobas asset management, sgiic, s.a. Filed SCHEDULE 13G on Borr Drilling Ltd, latest Aug 17, 2026 (2 filings since Mar 10, 2025)
  • Granular Capital Ltd Filed SCHEDULE 13G/A on Borr Drilling Ltd, latest Aug 14, 2026 (2 filings since Nov 25, 2024)
  • AZVALOR ASSET MANAGEMENT SGIIC SA Filed SCHEDULE 13G on Borr Drilling Ltd, latest Nov 25, 2025 (2 filings since Nov 5, 2021)
  • BlackRock Filed SCHEDULE 13G/A on Borr Drilling Ltd, latest Oct 17, 2025 (4 filings since Feb 3, 2023)
  • Capital International Investors Filed SCHEDULE 13G/A on Borr Drilling Ltd, latest Aug 13, 2025 (3 filings since Feb 9, 2024)
  • ORBIS INVESTMENT MANAGEMENT LTD Filed SCHEDULE 13G/A on Borr Drilling Ltd, latest May 15, 2025 (6 filings since Feb 14, 2022)
  • Folketrygdfondet Filed SCHEDULE 13G/A on Borr Drilling Ltd, latest Feb 7, 2025 (2 filings since Nov 13, 2024)
  • SLB Filed SC 13G/A on Borr Drilling Ltd, latest Jan 26, 2023 (2 filings since Feb 14, 2022)
  • Borr Drilling Ltd Hamilton, Bermuda
    • Borr IHC Limited Subsidiary · Hamilton, Bermuda
      • BORR FINANCE LLC Subsidiary · Dover, Delaware, United States
      • Borr Natt Inc. Subsidiary · Majuro, Marshall Islands
      • BORR WEST AFRICA ASSETS INC. Subsidiary · Majuro, Marshall Islands
      • Prospector Rig 5 Contracting Company Limited Subsidiary · George Town, Cayman Islands

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Borr Drilling Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$11.3M3 Dec 31, 2025$11.0M3 Dec 31, 2024+2.7%
Accumulated depreciation$9.3M3 Dec 31, 2025$8.2M3 Dec 31, 2024+13.4%
Property and equipment, net$2.0M3 Dec 31, 2025$2.8M3 Dec 31, 2024−28.6%
Operating-lease assets (leased space)$800.0K10 Dec 31, 2024$1.1M10 Dec 31, 2023−27.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$379.7M3 Dec 31, 2025$61.6M3 Dec 31, 2024+516.4%
Stakes in other companies (equity method)$11.8M3 Dec 31, 2025$14.5M3 Dec 31, 2024−18.6%

Leadership

Who has led Borr Drilling Ltd, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. De Oliveira Bruno Morand2026–now

Chief financial officer

  1. Magnus Vaaler2026–now

Chief operating officer

  1. Harvey Edward Snowling2026–now
Board members and other officers (11)

Timeline

  1. Mar 18, 2026New chief executive De Oliveira Bruno Morand becomes CEO12
  2. Aug 8, 2016Founded Borr Drilling Ltd is founded2

Calendar

Coming up

  1. Nov 4, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.10 a share, on Nov 5, 2025.25

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

307 filings to the SEC since October 2021: 5 annual reports, 64 insider forms, 30 large holders, 208 other. The latest 20:

  1. Oct 15, 20264 EDGAR
  2. Oct 15, 2026SCHEDULE 13D/A EDGAR
  3. Oct 14, 20264 EDGAR
  4. Oct 13, 20264 EDGAR
  5. Oct 13, 2026SCHEDULE 13D EDGAR
  6. Oct 8, 20264 EDGAR
  7. Oct 7, 20264 EDGAR
  8. Oct 6, 20264 EDGAR
  9. Oct 2, 20264 EDGAR
  10. Oct 1, 20266-K EDGAR
  11. Sep 21, 20264 EDGAR
  12. Sep 18, 20264 EDGAR
  13. Sep 17, 20264 EDGAR
  14. Sep 16, 20266-K EDGAR
  15. Sep 15, 20266-K EDGAR
  16. Sep 4, 20264 EDGAR
  17. Sep 4, 20264 EDGAR
  18. Sep 4, 20264 EDGAR
  19. Sep 3, 20264 EDGAR
  20. Sep 3, 20264 EDGAR

The 307 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

19 open-market trades by officers, directors and large owners since October 2021: 13 buys and 6 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 18, 2026Morand De Oliveira BrunoChief Executive OfficerBuy45,500$4.40$200.2KForm 4
Sep 17, 2026Troim Tor OlavDirectorBuy150,000$4.38$657.0KForm 4
Sep 16, 2026Troim Tor OlavDirectorBuy1,000,000$4.30$4.3MForm 4
Sep 3, 2026Mawjee JehanChief Accounting OfficerSale10,903$4.80$52.3KForm 4
Sep 3, 2026Snowling Harvey EdwardChief Operating OfficerSale25,877$4.80$124.2KForm 4
Sep 3, 2026Vaaler MagnusChief Financial OfficerSale19,625$4.80$94.2KForm 4
Sep 2, 2026Crowe Jason PhilipSVP - CommercialSale16,495$4.55$75.1KForm 4
Sep 2, 2026Lee Charles (Chuck)SVP - General CounselSale10,538$4.80$50.6KForm 4
Aug 25, 2026Troim Tor OlavDirectorBuy200,000$4.37$874.0KForm 4
Aug 14, 2026Troim Tor OlavDirectorBuy500,000$4.39$2.2MForm 4
Aug 13, 2026Troim Tor OlavDirectorBuy1,500,000$4.02$6.0MForm 4
Aug 13, 2026Currie JeffreyDirectorBuy125,000$4.01$501.2KForm 4
Jun 17, 2026Schorn PatrickDirectorBuy1,200,000$1.66$2.0MForm 4
Jun 17, 2026Morand De Oliveira BrunoChief Executive OfficerBuy275,000$1.66$456.5KForm 4
Jun 9, 2026Troim Tor OlavDirectorBuy1,063,000$4.70$5.0MForm 4
Jun 9, 2026Mordehachvili ThiagoDirectorSale8,000,000$4.70$37.6MForm 4
Apr 16, 2026Troim Tor OlavDirectorBuy500,000$5.58$2.8MForm 4
Mar 24, 2026Currie JeffreyDirectorBuy250,000$5.31$1.3MForm 4
Mar 24, 2026Troim Tor OlavDirectorBuy500,000$5.20$2.6MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Borr Drilling Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARBorr Drilling Ltd1
  • CIK0001715497
  • Filer statusAccelerated filer not an emerging growth company; not a shell company5
  • Incorporated inBermuda5
  • Fiscal year endsDecember 311
  • Industry code (SIC)1381 Drilling Oil & Gas Wells1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business addressS.E. Pearman Building, 2Nd Floor 9 Par-La-Ville Road, Hamilton, D0 HM111
  • Phone47224830001
  • Shares outstanding307,215,419 shares as of Dec 31, 20255
  • AuditorPricewaterhouseCoopers LLP, Watford, United Kingdom PCAOB ID 1128; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceAug 29, 20171
  • Filings436 in all: 6-K (284), 4 (35), 3/A (15), 3 (14), SC 13G/A (13), SCHEDULE 13G/A (11), SC 13G (9), 20-F (7)1
    All 31 form types

    424B5 (7), CORRESP (7), UPLOAD (5), SCHEDULE 13G (4), 424B7 (2), DRSLTR (2), EFFECT (2), F-1/A (2), F-3ASR (2), SEC STAFF LETTER (2), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), DRS/A (1), F-1 (1), F-3 (1), NT 20-F (1), S-8 (1), SC 13D (1), SC 13D/A (1), SCHEDULE 13D (1), SCHEDULE 13D/A (1)

  • Latest filingsAnnual report (20-F) Mar 26, 2026

Securities registered for trading

ClassSymbolExchange
Common shares of par value $0.10 per shareBORRThe New York Stock Exchange

From the cover page of the 20-F filed Mar 26, 2026 (Section 12(b) of the Exchange Act).5

Sources

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