What is Valaris's deferred taxes?

Valaris (VAL) reported deferred taxes of $9.5M in Q1 2026.

How has Valaris's deferred taxes changed year-over-year?

Valaris's deferred taxes decreased by 94.4% year-over-year, from $169.8M to $9.5M.

What is the long-term trend for Valaris's deferred taxes?

Over 3 years (2021 to 2025), Valaris's deferred taxes has grown at a 137.4% compound annual growth rate (CAGR), from -$38.5M to -$515.1M.

What does deferred taxes mean?

Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.

Valaris VAL Deferred Taxes

Deferred Taxes at other companies

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$4M-89.2%

TransoceanRIG

-$73M-587%

Noble CorporationNE

$46.34M+126%

Weatherford InternationalWFRD

$9M+28.6%

HalliburtonHAL

$5.75M-84.5%

Baker HughesBKR

$224M+523%

Other financials

Income statement

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Revenue$465.4M-25.0%

Gross profit$92.0M-55.3%

Operating income$20.0M-86.0%

Net income-$16.4M+56.7%

EPS (diluted)-$0.24+54.7%

Balance sheet

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Cash & equivalents$595.4M+31.2%

Total debt$1.2B-0.7%

Total equity$3.2B+43.2%

Total assets$5.4B+22.3%

Cash flow

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Operating cash flow$75.0M-51.9%

CapEx$100.9M+0.7%

Free cash flow-$25.9M-146%

Valuation

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Market cap$5.44B+143%

Enterprise value$6B+110%

P/E5.4×-1.8×

P/S2.5×+1.5×

Profitability

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Gross margin28.3%-1.3pp

Operating margin16%-3.0pp

Net margin45.4%+32.8pp

FCF margin-31.2%—

Returns & leverage

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Return on equity37.4%+22.8pp

Debt / equity0.4×-0.2×

Current ratio1.5×-0.1×

Where this comes from

Reported directly by Valaris in its filing.

Tagged under the XBRL concept us-gaap:DeferredIncomeTaxExpenseBenefit.

The official record: Valaris’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Valaris's deferred taxes?: Valaris (VAL) reported deferred taxes of $9.5M in Q1 2026.
How has Valaris's deferred taxes changed year-over-year?: Valaris's deferred taxes decreased by 94.4% year-over-year, from $169.8M to $9.5M.
What is the long-term trend for Valaris's deferred taxes?: Over 3 years (2021 to 2025), Valaris's deferred taxes has grown at a 137.4% compound annual growth rate (CAGR), from -$38.5M to -$515.1M.
What does deferred taxes mean?: Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.