BORR Q1 2023 Earnings — Borr Drilling Limited Revenue & Financial Results | Market Cap Arena

BORRBorr Drilling Limited

$1B

Q1 2023 Earnings

Energy Oil & Gas Drilling

Income Statement

Revenue

$172M+109.8% YoY

Gross Profit

$144M83.6% margin

Operating Income

$46M26.7% margin

Net Income

-$7M-4.3% margin

EPS (Diluted)

$-0.03

QoQ Revenue Growth

+15.7%

Cash Flow

Operating Cash Flow

-$8M

Free Cash Flow

-$37M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$3.2B

Total Liabilities

$2.3B

Stockholders' Equity

$904M

Cash & Equivalents

$90M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$172M	$82M	+109.8%
Gross Profit	$144M	$53M	+173.9%
Operating Income	$46M	-$12M	+474.0%
Net Income	-$7M	-$51M	+85.6%