Borr Drilling Limited (BORR) reported second-quarter 2026 revenue of $232.3 million, down 13.2% from a year earlier and below the $252.5 million analyst estimate. Gross profit fell sharply to $57.2 million, while operating profit nearly disappeared at $300,000.
Profitability weakened further at the bottom line, with net loss attributable to common shareholders widening to $241.4 million. Diluted earnings per share came in at -$0.79, compared with an estimate of -$0.10.
Cash generation also remained under pressure, with operating cash flow at -$21.8 million. The company ended the period with $223.6 million in cash and cash equivalents, while total liabilities rose to $2.73 billion.
- Revenue: $232.3 million
- Gross profit: $57.2 million
- Net loss: -$241.4 million
- Cash and cash equivalents: $223.6 million
- Stock moved down 4.9% after the release
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Borr Drilling Limited Insider Trading Activity
Borr Drilling Limited insiders have traded $BORR stock on the open market 7 times in the past 6 months. Of those trades, 6 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $BORR stock by insiders over the last 6 months:
- THIAGO MORDEHACHVILI sold 8,000,000 shares for an estimated $37,600,000
- TOR OLAV TROIM has made 3 purchases buying 2,063,000 shares for an estimated $10,384,900 and 0 sales.
- PATRICK SCHORN purchased 1,200,000 shares for an estimated $1,992,000
- JEFFREY CURRIE purchased 250,000 shares for an estimated $1,327,500
- DE OLIVEIRA BRUNO MORAND (Chief Executive Officer) purchased 275,000 shares for an estimated $456,500
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
Borr Drilling Limited Hedge Fund Activity
We have seen 96 institutional investors add shares of Borr Drilling Limited stock to their portfolio, and 86 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ENCOMPASS CAPITAL ADVISORS LLC removed 3,554,800 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $20,511,196
- GOLDMAN SACHS GROUP INC added 3,307,141 shares (+111.8%) to their portfolio in Q1 2026, for an estimated $19,082,203
- SONA ASSET MANAGEMENT (US) LLC removed 3,205,564 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $18,496,104
- NUVEEN, LLC removed 3,199,938 shares (-80.5%) from their portfolio in Q2 2026, for an estimated $13,215,743
- POINT72 ASSET MANAGEMENT, L.P. added 2,697,396 shares (+inf%) to their portfolio in Q1 2026, for an estimated $15,563,974
- MARSHALL WACE, LLP removed 2,681,949 shares (-58.6%) from their portfolio in Q1 2026, for an estimated $15,474,845
- SG AMERICAS SECURITIES, LLC added 2,634,601 shares (+6468.1%) to their portfolio in Q2 2026, for an estimated $10,880,902
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
