What is Civeo's provision for credit losses?

Civeo (CVEO) reported provision for credit losses of $862K in Q1 2026.

How has Civeo's provision for credit losses changed year-over-year?

Civeo's provision for credit losses increased by 4410.0% year-over-year, from -$20K to $862K.

What does provision for credit losses mean?

Non-cash provision for expected loan losses, added back in operating cash flow since it's a reserve build, not a cash payment.

Civeo CVEO Provision for Credit Losses

Provision for Credit Losses at other companies

Clean HarborsCLH

$2.92M+3.3%

Cushman & Wakefield CWK

$4.8M+71.4%

ABM IndustriesABM

-$600K-143%

MSC Industrial Direct Co.MSM

$2.1M+17.2%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow-$9.7M-15.4%

CapEx$4.1M-21.6%

Free cash flow-$13.9M-1.2%

Valuation

See full

Market cap$362M+21.0%

Enterprise value$571.77M+55.3%

P/S0.5×+0.1×

Profitability

See full

Gross margin24.2%+2.5pp

Operating margin1.9%—

Net margin-2.1%-0.6pp

FCF margin0.3%-6.3pp

Returns & leverage

See full

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:ProvisionForDoubtfulAccounts.

The official record: Civeo’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Civeo's provision for credit losses?: Civeo (CVEO) reported provision for credit losses of $862K in Q1 2026.
How has Civeo's provision for credit losses changed year-over-year?: Civeo's provision for credit losses increased by 4410.0% year-over-year, from -$20K to $862K.
What does provision for credit losses mean?: Non-cash provision for expected loan losses, added back in operating cash flow since it's a reserve build, not a cash payment.