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Transocean RIG Q4 2025 Annual earnings

Reported February 19, 2026 · After market close

Revenue$1.0BBeat by $8.0M
EPS$0.02Miss by $0.07
Revenue estimate$1.0B
EPS estimate$0.09

Next report

Aug 5, 2026 (In 6 days)
Revenue estimate$956.8M
EPS estimate$0.01

Financials

Q4 2025

Income statement

See full
Revenue$1.0B+9.6%
Gross profit$438.0M+17.4%
Net income-—
EPS (diluted)$0.00+100%

Balance sheet

See full
Cash & equivalents$620.0M+10.7%
Total debt$6.0B-17.6%
Total equity$8.1B-21.2%
Total assets$15.6B-19.3%

Cash flow

See full
Operating cash flow$349.0M+69.4%
CapEx$28.0M-3.4%
Free cash flow$321.0M+81.4%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$4.55B+38.5%
Enterprise value$9.9B-0.7%
P/S1.1×+0.2×

Profitability

See full
Gross margin39.3%+1.7pp
Net margin-74.1%-98.6pp
FCF margin15.8%+10.3pp

Returns & leverage

See full
Return on equity-32%-39.3pp
Debt / equity0.7×0.0×
Current ratio1.6×+0.1×

Segments

By product

See full
Ultra Deepwater Floaters$724.0M+7.3%
Harsh Environment Floaters$319.0M+15.2%

Versus estimates

Revenue

Q1 2026$1.1BBeat by $56.1M
Q4 2025$1.0BBeat by $8.0M
Q3 2025$1.0BMiss by $4.3MQ2 2025$988.0MMiss by $5.8MQ1 2025$906.0MBeat by $19.6MQ4 2024$952.0MMiss by $10.7M

Diluted EPS

Q1 2026-$0.03Miss by $0.10
Q4 2025$0.02Miss by $0.07
Q3 2025$0.06Beat by $0.02Q2 2025-$1.06Miss by $1.05Q1 2025-$0.10Beat by $0.02Q4 2024-$0.09Miss by $0.10

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Questions, answered.

When did Transocean report Q4 2025 earnings?
Transocean (RIG) reported Q4 2025 earnings on February 19, 2026 after market close.
What were Transocean's Q4 2025 revenue and EPS?
Transocean reported revenue of $1.0B and eps of $0.02 for Q4 2025.
Did Transocean beat estimates in Q4 2025?
Revenue beat the consensus estimate of $1.0B by $8.0M. EPS missed the consensus estimate of $0.09 by $0.07.
How did Transocean's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 9.6% from $952.0M a year earlier.
Where can I find Transocean's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001451505-26-000012) and the 10-K periodic report (0001451505-26-000018) directly on SEC EDGAR. The filing index links above go to sec.gov.