Borr Drilling reported Q2 GAAP EPS of -$0.79, missing estimates by $0.67, with revenue of $232.3M, missing by $15.29M. Adjusted EBITDA fell 51% to $43.8 million compared to Q1 2026. Cash and equivalents stood at $223.6 million as of June 30, 2026. Net cash used in operating activities was $21.8 million, including significant interest and tax payments.