Civeo Corp income statement
In fiscal 2025, Civeo Corp reported revenue of $639m, down 6.3% on the year before, operating income of $4.1m (a 0.6% margin) and net income of −$20.1m, or −$1.59 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,109 | 1,041 | 943 | 518 | 397 | 382 | 467 | 528 | 530 | 594 | 697 | 701 | 682 | 639 | 707 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | 517 | 530 | 533 | 488 | 543 |
| Gross profit | — | — | — | — | — | — | — | — | — | — | 180 | 171 | 149 | 151 | 165 |
| Selling, general and administrative | 64 | 70 | 70 | 68 | 55 | 63 | 67 | 60 | 54 | 61 | 70 | 73 | 73 | 75 | 78 |
| Operating income | 353 | 259 | −143 | −145 | −96 | −98 | −88 | −49 | −147 | 6 | 17 | 39 | 1 | 4 | 21 |
| Interest expense | 7 | 6 | 14 | 23 | 23 | 21 | 26 | 27 | 17 | 13 | 11 | 13 | 8 | 11 | 16 |
| Income before tax | 330 | 239 | −156 | −164 | −116 | −119 | −113 | −69 | −143 | 6 | 11 | 40 | −6 | −6 | 6 |
| Income tax | 84 | 56 | 31 | −33 | −20 | −13 | −31 | −11 | −11 | 3 | 4 | 11 | 12 | 14 | 13 |
| Net income | 245 | 182 | −189 | −132 | −96 | −106 | −82 | −58 | −134 | 1 | 4 | 30 | −17 | −20 | −8 |
| Diluted EPS | $27.48 | $20.40 | −$21.24 | −$14.88 | −$10.80 | −$9.84 | −$10.06 | −$4.33 | −$9.64 | −$0.04 | −$0.21 | $2.01 | −$1.19 | −$1.59 | −$0.69 |
| Diluted shares (average) | 9m | 9m | 9m | 9m | 9m | 11m | 13m | 14m | 14m | 14m | 14m | 15m | 14m | 13m | 11m |
| EBITDA | 492 | 427 | 32 | 8 | 36 | 28 | 38 | 75 | −51 | 89 | 104 | 115 | 69 | 77 | 89 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 151 | 144 | 163 | 170 | 162 | 173 | 180 | 193 |
| Cost of revenue | 123 | 115 | 122 | 127 | 125 | 133 | 139 | 147 |
| Gross profit | 28 | 29 | 41 | 44 | 37 | 40 | 41 | 46 |
| Selling, general and administrative | 18 | 18 | 20 | 18 | 19 | 20 | 20 | 19 |
| Operating income | −10 | −6 | 3 | 7 | −0 | 3 | 5 | 13 |
| Interest expense | 2 | 2 | 3 | 3 | 4 | 4 | 4 | 4 |
| Income before tax | −12 | −7 | 0 | 4 | −4 | −1 | 1 | 9 |
| Income tax | 3 | 3 | 4 | 4 | 3 | 3 | 4 | 4 |
| Net income | −15 | −10 | −3 | −0 | −6 | −4 | −3 | 5 |
| Diluted EPS | −$1.05 | −$0.72 | −$0.25 | −$0.04 | −$0.55 | −$0.34 | −$0.23 | $0.50 |
| EBITDA | 7 | 11 | 21 | 27 | 18 | 20 | 21 | 29 |
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