Borr Drilling (BORR) Revenue & Revenue Breakdown
Borr Drilling Revenue Highlights
Latest Revenue (Y)
$800.73M
Latest Revenue (Q)
$227.49M
Main Segment (Y)
Dayrate Revenue
Main Geography (Y)
South East Asia
Borr Drilling Revenue by Period
Borr Drilling Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $800.73M | 80.43% |
| 2022-12-31 | $443.80M | 80.92% |
| 2021-12-31 | $245.30M | -20.23% |
| 2020-12-31 | $307.50M | -7.96% |
| 2019-12-31 | $334.10M | 102.61% |
| 2018-12-31 | $164.90M | 164800.00% |
| 2017-12-31 | $100.00K | - |
Borr Drilling generated $800.73M in revenue during NA 2023, up 80.43% compared to the previous quarter, and up 485.59% compared to the same period a year ago.
Borr Drilling Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $227.49M | -3.06% |
| 2023-12-31 | $234.67M | 22.54% |
| 2023-09-30 | $191.50M | 2.13% |
| 2023-06-30 | $187.50M | 9.01% |
| 2023-03-31 | $172.00M | 15.75% |
| 2022-12-31 | $148.60M | 37.72% |
| 2022-09-30 | $107.90M | 2.47% |
| 2022-06-30 | $105.30M | 28.41% |
| 2022-03-31 | $82.00M | 18.67% |
| 2021-12-31 | $69.10M | -5.34% |
| 2021-09-30 | $73.00M | 33.21% |
| 2021-06-30 | $54.80M | 13.22% |
| 2021-03-31 | $48.40M | -19.60% |
| 2020-12-31 | $60.20M | 1.69% |
| 2020-09-30 | $59.20M | -29.52% |
| 2020-06-30 | $84.00M | -19.31% |
| 2020-03-31 | $104.10M | 12.06% |
| 2019-12-31 | $92.90M | -9.54% |
| 2019-09-30 | $102.70M | 18.59% |
| 2019-06-30 | $86.60M | 66.86% |
| 2019-03-31 | $51.90M | -2.99% |
| 2018-12-31 | $53.50M | 7.65% |
| 2018-09-30 | $49.70M | -2.74% |
| 2018-06-30 | $51.10M | 382.08% |
| 2018-03-31 | $10.60M | -70.06% |
| 2017-12-31 | $35.40M | 342.50% |
| 2017-09-30 | $8.00M | 100.00% |
| 2017-06-30 | - | -100.00% |
| 2017-03-31 | $950.00K | - |
Borr Drilling generated $227.49M in revenue during Q1 2024, up -3.06% compared to the previous quarter, and up 153.09% compared to the same period a year ago.
Borr Drilling Revenue Breakdown
Borr Drilling Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 |
|---|---|---|---|---|
| Dayrate Revenue | $83.50M | $167.50M | $392.40M | $209.90M |
| Other Revenue | $9.90M | $15.50M | $19.40M | - |
Borr Drilling's latest annual revenue breakdown by segment (product or service), as of Dec 23: Dayrate Revenue (89.40%), and Other Revenue (10.60%).
Quarterly Revenue by Product
| Product/Service | Dec 21 | Jun 21 |
|---|---|---|
| Dayrate Segment | $317.60M | $5.40M |
| Integrated Well Services Segment | - | - |
Borr Drilling's latest quarterly revenue breakdown by segment (product or service), as of Dec 21: Dayrate Segment (100.00%).
Borr Drilling Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| West Africa | $168.60M | $106.90M | $30.70M | $108.10M | $102.40M |
| Europe | $31.00M | $48.80M | $75.60M | $52.60M | $114.70M |
| South East Asia | $233.00M | $154.50M | $99.50M | $70.60M | $23.80M |
| MEXICO | $191.20M | $95.90M | $39.50M | $43.20M | - |
| Middle East | $147.80M | $37.70M | - | $33.00M | $43.20M |
| Mexico | - | - | - | - | $50.00M |
Borr Drilling's latest annual revenue breakdown by geography, as of Dec 23: South East Asia (30.20%), MEXICO (24.78%), West Africa (21.85%), Middle East (19.16%), and Europe (4.02%).
Quarterly Revenue by Country
| Country | Dec 22 | Jun 22 | Jun 21 |
|---|---|---|---|
| Middle East | $32.60M | $5.10M | - |
| MEXICO | $78.40M | $17.50M | $3.40M |
| Europe | $29.80M | $19.00M | $17.50M |
| West Africa | $82.30M | $24.60M | $12.50M |
| South East Asia | $115.40M | $39.10M | $21.40M |
| Integrated Well Services Segment | - | - | - |
| Dayrate Segment | - | - | $5.40M |
Borr Drilling's latest quarterly revenue breakdown by geography, as of Dec 22: South East Asia (34.09%), West Africa (24.31%), MEXICO (23.16%), Middle East (9.63%), and Europe (8.80%).
BORR Revenue FAQ
What is Borr Drilling’s yearly revenue?
Borr Drilling's yearly revenue for 2023 was $800.73M, representing an increase of 80.43% compared to 2022. The company's yearly revenue for 2022 was $443.8M, representing an increase of 80.92% compared to 2021. BORR's yearly revenue for 2021 was $245.3M, representing a decrease of -20.23% compared to 2020.
What is Borr Drilling’s quarterly revenue?
Borr Drilling's quarterly revenue for Q1 2024 was $227.49M, a -3.06% decrease from the previous quarter (Q4 2023), and a 32.26% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $234.67M, a 22.54% increase from the previous quarter (Q3 2023), and a 57.92% increase year-over-year (Q4 2022). BORR's quarterly revenue for Q3 2023 was $191.5M, a 2.13% increase from the previous quarter (Q2 2023), and a 77.48% increase year-over-year (Q3 2022).
What is Borr Drilling’s revenue growth rate?
Borr Drilling's revenue growth rate for the last 3 years (2021-2023) was 226.43%, and for the last 5 years (2019-2023) was 139.67%.
What are Borr Drilling’s revenue streams?
Borr Drilling's revenue streams in c 23 are Dayrate Revenue, and Other Revenue. Dayrate Revenue generated $83.5M in revenue, accounting 89.40% of the company's total revenue, down -50.15% year-over-year. Other Revenue generated $9.9M in revenue, accounting 10.60% of the company's total revenue, down -36.13% year-over-year.
What is Borr Drilling’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Borr Drilling was Dayrate Revenue. This segment made a revenue of $83.5M, representing 89.40% of the company's total revenue.