In Q2 2025, Borr Drilling delivered $267.7M in revenue, $35.1M in net income, and $133.2M in Adjusted EBITDA. Rig utilization was near full capacity, and new contracts added $318M to backlog. The company also strengthened its balance sheet with $200M in new liquidity.

Borr Drilling faced a challenging Q1 2025 with a net loss of $16.9 million and revenue of $216.6 million, impacted by reduced activity from temporary rig suspensions. Despite the financial setback, the company maintained high operational utilization and saw improved liquidity through significant receivable collections.