Borr Drilling Ltd (BORR)
Borr Drilling Ltd reported revenue of $1B in fiscal 2025, up 1.0% from a year earlier. Net income was $45M, a net margin of 4.4%. At December 31, 2025 it held $379.7M in cash against $2B of debt. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on March 26, 2026.
Key facts about Borr Drilling Ltd
- Net worth
- Borr Drilling Ltd has a market value (market cap) of $978.5M at the latest share price, and shareholders' equity of $1.2B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $1B (+1.0% year on year), with net income of $45M.
- Cash flow
- In fiscal 2025 operations brought in $251.9M of cash.
- Latest report
- The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on March 26, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
- Dividend
- Borr Drilling Ltd declared dividends of $0.02 per share in fiscal 2025.
What Borr Drilling Ltd does
Borr Drilling Ltd is registered with the SEC under industry code SIC 1381 (Drilling Oil & Gas Wells). Its shares trade on NYSE under the ticker BORR.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1B | $45M | $0.17 | n/a |
| 2024 | $1B | $82.1M | $0.32 | n/a |
| 2023 | $771.6M | $22.1M | $0.09 | n/a |
| 2022 | $443.8M | -$292.8M | -$1.64 | n/a |
| 2021 | $245.3M | -$193M | -$1.43 | n/a |
| 2020 | $307.5M | -$317.6M | -$4.22 | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where BORR ranks in Energy
Dividends
Borr Drilling Ltd declared $0.02 per share in fiscal 2025. It paid out $4.7M in cash dividends, 10% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $0.02 | $4.7M | 10% |
| 2024 | $0.27 | $76.3M | 93% |
| 2023 | $0.05 | $0 | 0% |
| 2022 | n/a | $0 | n/a |
Latest SEC filings
What Borr Drilling Ltd has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 2, 2026
- October 30, 2026
- October 26, 2026
- October 16, 2026
- October 15, 2026Activist stake changed SCHEDULE 13D/A
- October 13, 2026Activist stake (5% or more) SCHEDULE 13D
- October 1, 2026
- September 16, 2026
- September 15, 2026
- August 17, 2026Passive stake (5% or more) SCHEDULE 13G
Insider trades
What the people running Borr Drilling Ltd did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $59.3M and sold $1.9M worth of shares in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 15, 2026 | Troim Tor OlavDirector | Boughtindirect | 500,000 | $2.3M |
| October 14, 2026 | Snowling Harvey EdwardChief Operating Officer | Bought | 300,000 | $1.5M |
| October 14, 2026 | Snowling Harvey EdwardChief Operating Officer | Sold | 300,000 | $1.5M |
| October 14, 2026 | Troim Tor OlavDirector | Boughtindirect | 750,000 | $3.5M |
| October 13, 2026 | Troim Tor OlavDirector | Boughtindirect | 1,500,000 | $7.4M |
| October 9, 2026 | Troim Tor OlavDirector | Boughtindirect | 2,500,000 | $11.8M |
| October 7, 2026 | Troim Tor OlavDirector | Boughtindirect | 1,250,000 | $5.4M |
| October 6, 2026 | Troim Tor OlavDirector | Boughtindirect | 1,500,000 | $6.4M |
Who owns BORR
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Granular Capital Ltd13G, passive | 18.2% | November 25, 2024 |
| Drew Holdings Ltd.13D, may seek influence with 1 related filers | 13.1% | October 15, 2026 |
| cobas asset management, sgiic, s.a.13G, passive | 10.2% | August 17, 2026 |
| Azvalor Asset Management Sgiic SA13G, passive | 10% | November 25, 2025 |
| Orbis Investment Management Limited ("OIML")13G, passive | 8.7% | November 14, 2024 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 190 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 14,686,129 | -1,946,256 |
| D. E. Shaw & Co., Inc. | 7,248,907 | +1,007,405 |
| Sona Asset Management (US) LLC | 6,050,000 | new |
| Goldman Sachs Group Inc | 5,465,185 | -799,232 |
| State Street Corp | 4,352,212 | -285,055 |
| Dimensional Fund Advisors LP | 4,082,220 | +590,490 |
| UBS Group AG | 3,893,876 | +2,004,247 |
| Barclays PLC | 3,477,785 | +1,374,315 |
| Geode Capital Management, LLC | 3,182,542 | -345,383 |
| Capital International Investors | 2,975,334 | +3,104 |
| Marshall Wace, Llp | 2,402,417 | +510,529 |
| Bridgeway Capital Management, LLC | 2,295,558 | +47,783 |
| Goehring & Rozencwajg Associates, LLC | 2,238,675 | +119,210 |
| Fideuram - Intesa Sanpaolo Private Banking S.P.A. | 2,236,292 | +145,977 |
| Vanguard Portfolio Management LLC | 2,224,403 | +309,016 |
| DNB Asset Management AS | 2,137,097 | -1,063,130 |
| Masters Capital Management LLC | 2,000,000 | 0 |
| Millennium Management LLC | 1,925,454 | -24,385 |
| De Lisle Partners LLP | 1,876,424 | +75,000 |
| Tudor Investment Corp ET AL | 1,778,781 | -488,009 |
Insiders
10 insiders reported holding 83,973,808 shares in total, about $267M at the last price.
| Holder | Shares |
|---|---|
| Troim Tor OlavDirector | 40,117,80840,117,808 held indirectly |
| Mordehachvili ThiagoDirector | 38,199,67738,199,677 held indirectly |
| Schorn PatrickDirector | 3,535,000 |
| Morand De Oliveira BrunoChief Executive Officer | 1,015,328 |
| Currie JeffreyDirector | 479,423 |
| Vaaler MagnusChief Financial Officer | 247,086 |
| Snowling Harvey EdwardChief Operating Officer | 145,944 |
| Crowe Jason PhilipSVP - Commercial | 107,216 |
| Lee Charles (Chuck)SVP - General Counsel | 68,500 |
| Mawjee JehanChief Accounting Officer | 57,826 |
Questions about BORR
What does Borr Drilling Ltd do?
Borr Drilling Ltd is a company in the Energy sector, listed on NYSE as BORR. Its shares trade on NYSE under the ticker BORR.
What is Borr Drilling Ltd's net worth?
Borr Drilling Ltd has a market value (market cap) of $978.5M at the latest share price, and shareholders' equity of $1.2B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Borr Drilling Ltd profitable?
Yes. In fiscal 2025 it reported net income of $45M on revenue of $1B, a net margin of 4.4%.
How much revenue does Borr Drilling Ltd make?
In fiscal 2025 Borr Drilling Ltd reported revenue of $1B. That is 1.0% more than a year earlier.
When did Borr Drilling Ltd last report?
Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on March 26, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from November 2, 2026.
Does Borr Drilling Ltd pay a dividend?
Yes. Borr Drilling Ltd declared dividends of $0.02 per share in fiscal 2025.
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Where the numbers come from
Financial figures are the values Borr Drilling Ltd tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.