BORR Q1 2024 Earnings — Borr Drilling Limited Revenue & Financial Results | Market Cap Arena

BORRBorr Drilling Limited

$1B

Q1 2024 Earnings

Energy Oil & Gas Drilling

Income Statement

Revenue

$234M+36.0% YoY

Gross Profit

$202M86.4% margin

Operating Income

$85M36.3% margin

Net Income

$14M6.2% margin

EPS (Diluted)

$0.05

QoQ Revenue Growth

+6.1%

Cash Flow

Operating Cash Flow

$24M

Free Cash Flow

$5M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$3.3B

Total Liabilities

$2.3B

Stockholders' Equity

$990M

Cash & Equivalents

$283M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$234M	$172M	+36.0%
Gross Profit	$202M	$144M	+40.6%
Operating Income	$85M	$46M	+84.8%
Net Income	$14M	-$7M	+294.6%