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Civeo CVEO Canada — Operating Income (Loss)

Other segment segments

Australia
$12.69M+13.3%
Corporate, other and eliminations
-$5.18M+15.5%

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Other financials

Income statement

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Revenue$172.7M+19.9%
Gross profit$40.2M+36.5%
Operating income$3.1M+157%
Net income-$3.8M+61.3%
EPS (diluted)-$0.34+52.8%

Balance sheet

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Cash & equivalents$16.5M-41.7%
Total debt$226.3M+132%
Total equity$160.7M-27.2%
Total assets$491.6M+16.0%

Cash flow

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Operating cash flow-$9.7M-15.4%
CapEx$4.1M-21.6%
Free cash flow-$13.9M-1.2%

Valuation

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Market cap$317.96M+9.2%
Enterprise value$527.73M+15.7%
P/S0.5×0.0×

Profitability

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Gross margin24.2%+2.5pp
Operating margin1.9%
Net margin-2.1%-0.6pp
FCF margin0.3%-6.3pp

Returns & leverage

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Return on equity-7.4%-0.8pp
Debt / equity1.4×+1.0×
Current ratio1.9×+0.2×

Where this comes from

Reported directly by Civeo in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Civeo’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 12:34 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001590584-26-000052
Three Months Ended March 31, 2026AustraliaCanadaCorporate, other and eliminationsTotal
Selling, general and administrative expenses9,0046,0075,05720,068
Depreciation and amortization expense9,2038,0832217,308
Other operating expense (income) (1)(345)(79)86(338)
Operating income (loss)12,688(4,389)(5,176)3,123
Reconciliation to income (loss) before income taxes
Other loss (2)(3,785)
Loss before income taxes$(662)
Capital expenditures$817$1,870$1,446$4,133

ITEM 1. Financial Statements

FAQ

What is Civeo's canada — operating income (loss)?
Civeo (CVEO) reported canada — operating income (loss) of -$4.39M in Q1 2026.
How has Civeo's canada — operating income (loss) changed year-over-year?
Civeo's canada — operating income (loss) increased by 58.5% year-over-year, from -$10.59M to -$4.39M.
What is the long-term trend for Civeo's canada — operating income (loss)?
Over 4 years (2021 to 2025), Civeo's canada — operating income (loss) has grown at a 14.8% compound annual growth rate (CAGR), from $12.82M to -$22.29M.
What does canada — operating income (loss) mean?
Measures the overall profitability of the Canadian segment after accounting for both direct service costs and indirect operating expenses. It is a primary indicator of the regional business unit's ability to generate sustainable earnings from its core activities.

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