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Civeo CVEO Operating Income

Discontinued — last reported Q1 '26

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Segments

By segment

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Australia$12.69M+13.3%
Corporate, other and eliminations-$5.18M+15.5%
Canada-$4.39M+58.5%

Other financials

Income statement

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Revenue$172.7M+19.9%
Gross profit$40.2M+36.5%
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
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Depreciation and amortization expense17,30816,253
Other operating (income) expense(338)507
169,544149,560
Operating income (loss)3,123(5,516)
Interest expense(3,762)(1,619)
Interest income3826
Other income (expense)(61)347
Loss before income taxes(662)(6,762)

ITEM 1. Financial Statements

FAQ

What is Civeo's operating income?
Civeo (CVEO) reported operating income of $3.12M in Q1 2026.
How has Civeo's operating income changed year-over-year?
Civeo's operating income increased by 156.6% year-over-year, from -$5.52M to $3.12M.
What is the long-term trend for Civeo's operating income?
Over 2 years (2021 to 2025), Civeo's operating income has grown at a -16.2% compound annual growth rate (CAGR), from $6.05M to $4.25M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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