Jun 2026 (Q2 FY26) — Aug 12, 2026
Borr Drilling Q2 FY26 — Operational Headwinds Offset by Strong Refinancing and Contract Wins
Read the full callBorr Drilling earnings: last reported Wed, 12 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 232 | −13.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 0.1 | −35.9 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -241 | −787.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
1Y: $2.58 on 17 Oct 2025 → $4.44. High $6.61 (18 May 2026), low $2.58 (17 Oct 2025).
Overview
Call summaries
Borr Drilling Q2 FY26 — Operational Headwinds Offset by Strong Refinancing and Contract Wins
Read the full callEvery analysed call
Financials
Net profit, year on year: −788% (quarter to jun 2026 against jun 2025).
| Line item | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|---|
| Sales | 55 | 105 | 188 | 272 | 268 | 232 |
| Operating profit | -26 | -123 | 60 | 105 | 97 | 0 |
| Operating margin | −47.5% | −116.8% | 31.9% | 38.4% | 36.0% | 0.1% |
| Other income | -29 | — | — | — | — | — |
| Interest | 24 | 31 | 42 | 52 | 57 | 236 |
| Profit before tax | -61 | -159 | 14 | 47 | 40 | -230 |
| Tax rate | 1.6% | −4.0% | 94.4% | 32.0% | 12.0% | −4.7% |
| Net profit | -60 | -165 | 1 | 32 | 35 | -241 |
| EPS ($ per share) | -0.44 | -1.09 | 0 | 0.13 | 0.15 | -0.79 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 5 | 6 | 11 | 14 | 23 | 27 | 27 | 32 |
| Reserves | -279 | -577 | -895 | -1,088 | -1,381 | -1,359 | -1,277 | -1,232 |
| Total liabilities | 1,380 | 1,986 | 2,134 | 2,190 | 2,104 | 2,096 | 2,426 | 2,403 |
| Fixed assets | 10 | 7 | 6 | 4 | 4 | 4 | 3 | 2 |
| Investments | 4 | 0 | — | — | — | 0 | — | — |
| Total assets | 2,914 | 3,280 | 3,171 | 3,080 | 3,002 | 3,080 | 3,420 | 3,626 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -135 | -89 | -55 | -59 | 63 | -51 | 77 | 252 |
| Cash from investing | -560 | -271 | -120 | 41 | -83 | -104 | -409 | -124 |
| Cash from financing | 584 | 397 | 65 | 45 | 93 | 139 | 292 | 191 |
28 filings between Mar 24, 2026 and Oct 15, 2026.
Purchases
$73.44M
21 purchases by 5 insiders
Sales
$39.47M
7 sales by 6 insiders
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Troim Tor Olav | $67.48M | — | Oct 15, 2026 |
| Mordehachvili Thiago | — | $37.60M | Jun 9, 2026 |
| Snowling Harvey Edward | $1.47M | $1.60M | Oct 14, 2026 |
| Schorn Patrick | $1.99M | — | Jun 17, 2026 |
| Currie Jeffrey | $1.83M | — | Aug 13, 2026 |
| Morand De Oliveira Bruno | $656.7K | — | Sep 18, 2026 |
| Vaaler Magnus | — | $94.2K | Sep 3, 2026 |
| Crowe Jason Philip | — | $75.1K | Sep 2, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 15, 2026 | Troim Tor Olav Director | Purchase | 500,000 | $2.30M |
| Oct 14, 2026 | Snowling Harvey Edward Chief Operating Officer | Sale | 300,000 | $1.47M |
| Oct 14, 2026 | Snowling Harvey Edward Chief Operating Officer | Purchase | 300,000 | $1.47M |
| Oct 14, 2026 | Troim Tor Olav Director | Purchase | 750,000 | $3.54M |
| Oct 13, 2026 | Troim Tor Olav Director | Purchase | 1,500,000 | $7.40M |
| Oct 9, 2026 | Troim Tor Olav Director | Purchase | 2,500,000 | $11.84M |
| Oct 7, 2026 | Troim Tor Olav Director | Purchase | 1,250,000 | $5.39M |
| Oct 6, 2026 | Troim Tor Olav Director | Purchase | 1,500,000 | $6.36M |
| Oct 5, 2026 | Troim Tor Olav Director | Purchase | 1,500,000 | $6.20M |
| Sep 18, 2026 | Morand De Oliveira Bruno Chief Executive Officer | Purchase | 45,500 | $200.2K |
| Sep 17, 2026 | Troim Tor Olav Director | Purchase | 150,000 | $656.9K |
| Sep 16, 2026 | Troim Tor Olav Director | Purchase | 1,000,000 | $4.30M |
| Sep 3, 2026 | Snowling Harvey Edward Chief Operating Officer | Sale | 25,877 | $124.3K |
| Sep 3, 2026 | Vaaler Magnus Chief Financial Officer | Sale | 19,625 | $94.2K |
| Sep 3, 2026 | Mawjee Jehan Chief Accounting Officer | Sale | 10,903 | $52.4K |
| Sep 2, 2026 | Crowe Jason Philip SVP - Commercial | Sale | 16,495 | $75.1K |
| Sep 2, 2026 | Lee Charles (Chuck) SVP - General Counsel | Sale | 10,538 | $50.6K |
| Aug 25, 2026 | Troim Tor Olav Director | Purchase | 200,000 | $874.6K |
| Aug 14, 2026 | Troim Tor Olav Director | Purchase | 500,000 | $2.19M |
| Aug 13, 2026 | Troim Tor Olav Director | Purchase | 1,500,000 | $6.04M |
| Aug 13, 2026 | Currie Jeffrey Director | Purchase | 125,000 | $501.6K |
| Jun 17, 2026 | Schorn Patrick Director | Purchase | 1,200,000 | $1.99M |
| Jun 17, 2026 | Morand De Oliveira Bruno Chief Executive Officer | Purchase | 275,000 | $456.5K |
| Jun 9, 2026 | Mordehachvili Thiago Director | Sale | 8,000,000 | $37.60M |
| Jun 9, 2026 | Troim Tor Olav Director | Purchase | 1,063,000 | $5.00M |
| Apr 16, 2026 | Troim Tor Olav Director | Purchase | 500,000 | $2.79M |
| Mar 24, 2026 | Currie Jeffrey Director | Purchase | 250,000 | $1.33M |
| Mar 24, 2026 | Troim Tor Olav Director | Purchase | 500,000 | $2.60M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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