It's not the worst videogame movie ever, but it's definitely going to come up in the conversation.
So that's bad, yeah, but just how bad is it? With help from Google and The Numbers' movie comparison feature, I can tell you this: It's really bad.
I present to you...
An Incomplete List of Shitty Videogame Movies That Made More Money Than Borderlands
(in no particular order)
Warcraft ($439 million)
Max Payne ($88 million)
Doom ($59 million)
Street Fighter ($99 million)
Assassin's Creed ($241 million)
Prince of Persia: The Sands of Time ($336 million)
Hitman ($99 million)
Mortal Kombat (but Mortal Kombat is actually good) ($122 million)
Need for Speed ($194 million)
Five Nights at Freddy's ($297 million)
Uncharted ($401 million)
One big-budget, big(ish)-cast Hollywood film Borderlands managed to beat, which I bring up only because I paid good money to see it in theaters and I'm still sore about the whole thing, is Wing Commander, an utterly execrable celluloid waste of time and effort that bumbled to $11.5 million globally. Frankly I'm surprised it did that well.
Slightly off-topic: might be alone in this, but I actually really enjoyed Prince of Persia: The Sands of Time. It's nice, self-contained, has some fun action, some cool scenes, and it turned me on to Jake Gyllenhaal and I've liked his work ever since. It's Generic and schlocky but it's better than the usual videogame movie garbo.
And weird trivia: the Alanis Morrisette theme song “I Remain” is not available on streaming legally. All of the other OST songs are there but that one is always missing.