Civeo Corporation (CVEO) Income Statement
CVEO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCVEO revenue and net income
Where CVEO's revenue goes
2025Each bar shows an amount and its share of revenue. CVEO kept −3.1% of revenue as net income.
CVEO profit margins
CVEO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −6.3% | −2.9% | +3.8% | +2.1% |
| Gross profit | +1.1% | −5.7% | +0.5% | −2.3% |
| Operating income | +208.9% | −37.7% | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CVEO quarterly EPS vs estimates
Civeo beat the analyst EPS estimate in 2 of the last 8 quarters. Next report: October 30, 2026 (estimate $-0.27).
CVEO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $638.8M | $682.1M | $700.8M | $697.1M | $594.5M | $529.7M | $527.6M | $466.7M | $382.3M | $397.2M |
| Cost of revenue | $487.8M | $532.7M | $530.3M | $517.1M | $436.5M | $382.1M | $366.8M | $330.4M | $257.3M | $259.6M |
| Gross profit | $151.1M | $149.5M | $170.5M | $180.0M | $158.0M | $147.6M | $160.7M | $136.3M | $125.0M | $137.6M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $75.3M | $73.3M | $72.3M | $70.0M | $60.6M | $53.7M | $59.6M | $69.1M | $63.4M | $55.3M |
| Total operating expenses | $147.0M | $148.1M | $131.0M | $163.0M | $151.9M | $294.8M | $183.6M | $195.7M | $191.4M | $187.2M |
| Operating income | $4.1M | $1.3M | $39.5M | $17.0M | $6.1M | −$147.2M | −$49.1M | −$88.1M | −$98.0M | −$95.8M |
| Interest income | $164,000 | $187,000 | $150,000 | $39,000 | $2,000 | $20,000 | $78,000 | $226,000 | $200,000 | $152,000 |
| Interest expense | $11.4M | $8.0M | $13.2M | $11.5M | $13.0M | $16.7M | $27.4M | $26.3M | $21.4M | $22.7M |
| Income before taxes | −$6.5M | −$5.9M | $40.4M | $10.7M | $5.9M | −$143.4M | −$69.1M | −$113.2M | −$118.7M | −$115.9M |
| Income taxes | $13.6M | $12.5M | $10.6M | $4.4M | $3.4M | −$10.6M | −$10.7M | −$31.4M | −$13.5M | −$20.1M |
| Net income | −$20.1M | −$17.1M | $30.2M | $4.0M | $1.4M | −$134.2M | −$58.3M | −$82.2M | −$105.7M | −$96.4M |
| EBITDA | $77.6M | $70.1M | $128.7M | $110.0M | $101.9M | −$30.2M | $82.1M | $38.9M | $29.1M | $38.0M |
| EPS (diluted) | −$1.22 | −$0.94 | $0.93 | −$0.39 | $0.41 | $0.31 | −$2.49 | −$7.31 | −$6.81 | −$6.84 |
| Gross margin | 23.7% | 21.9% | 24.3% | 25.8% | 26.6% | 27.9% | 30.5% | 29.2% | 32.7% | 34.6% |
| Operating margin | 0.6% | 0.2% | 5.6% | 2.4% | 1.0% | −27.8% | −9.3% | −18.9% | −25.6% | −24.1% |
| Net margin | −3.1% | −2.5% | 4.3% | 0.6% | 0.2% | −25.3% | −11.1% | −17.6% | −27.7% | −24.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $180.0M | $172.7M | $161.6M | $170.5M | $162.7M | $144.0M | $151.0M | $176.3M | $188.7M | $166.1M | $170.8M | $183.6M |
| Cost of revenue | $154.5M | $132.5M | $124.9M | $146.7M | $121.5M | $114.6M | $122.8M | $138.5M | $140.8M | $130.4M | $135.1M | $130.3M |
| Gross profit | $25.5M | $40.2M | $36.7M | $23.8M | $41.2M | $29.4M | $28.1M | $37.8M | $47.9M | $35.7M | $35.7M | $53.3M |
| Sales, general & admin | $20.4M | $20.1M | $18.6M | $18.1M | $20.5M | $18.2M | $17.6M | $19.6M | $17.4M | $18.6M | $19.7M | $20.2M |
| Total operating expenses | $20.4M | $37.4M | $36.8M | $18.1M | $38.4M | $34.9M | $38.1M | $37.8M | $34.8M | $37.5M | $18.6M | $37.2M |
| Operating income | $5.1M | $2.8M | −$135,000 | $5.7M | $2.8M | −$5.5M | −$10.0M | $44,000 | $13.1M | −$1.8M | $17.2M | $16.0M |
| Interest income | $52,000 | $38,000 | $35,000 | $28,000 | $75,000 | $26,000 | $40,000 | $50,000 | $54,000 | $43,000 | $46,000 | $44,000 |
| Interest expense | $11.8M | $3.8M | $3.7M | $3.4M | $2.7M | $1.6M | $1.7M | $1.7M | $2.2M | $2.4M | $2.6M | $3.4M |
| Income before taxes | $1.0M | −$662,000 | −$3.6M | $3.6M | $295,000 | −$6.8M | −$12.1M | −$1.4M | $11.3M | −$3.6M | $30.4M | $8.0M |
| Income taxes | $3.5M | $3.1M | $2.9M | $4.0M | $3.6M | $3.1M | $3.3M | $3.9M | $3.8M | $1.6M | $7.7M | −$1.2M |
| Net income | −$2.5M | −$3.8M | −$6.5M | −$455,000 | −$3.3M | −$9.8M | −$15.1M | −$5.1M | $8.2M | −$5.1M | $23.0M | $9.0M |
| EBITDA | $21.1M | $20.4M | $18.6M | $27.0M | $20.8M | $11.1M | $6.3M | $17.7M | $30.5M | $15.5M | $48.8M | $28.3M |
| EPS (diluted) | −$0.23 | −$0.34 | −$0.56 | −$0.04 | $0.03 | −$0.65 | −$0.82 | −$0.34 | $0.57 | −$0.35 | $0.44 | $0.61 |
| Gross margin | 14.2% | 23.3% | 22.7% | 13.9% | 25.3% | 20.4% | 18.6% | 21.4% | 25.4% | 21.5% | 20.9% | 29.0% |
| Operating margin | 2.8% | 1.6% | −0.1% | 3.3% | 1.7% | −3.8% | −6.7% | 0.0% | 6.9% | −1.1% | 10.1% | 8.7% |
| Net margin | −1.4% | −2.2% | −4.0% | −0.3% | −2.0% | −6.8% | −10.0% | −2.9% | 4.4% | −3.1% | 13.5% | 4.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CVEO's financial statements (latest annual report filed March 3, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CVEO financial results
In fiscal year 2025 (ended December 31, 2025), Civeo reported revenue of $638.8 million, down 6.3% from the year before. It had a net loss of $20.1 million, a net profit margin of −3.1%. Diluted earnings per share came to −$1.22. Over five years revenue grew at an average rate of 3.8% a year.
See the CVEO stock overview for the latest quote and news, or the CVEO chart for price history and technical indicators.
CVEO income statement FAQ
What is Civeo's annual revenue?
Civeo reported total revenue of $638.8 million for fiscal year 2025, which ended on December 31, 2025. That was down 6.3% from $682.1 million the previous year.
Is Civeo profitable?
No. Civeo reported a net loss of $20.1 million in fiscal 2025, a net profit margin of −3.1%; its operating margin was 0.6%.
What is Civeo's gross margin?
Civeo's gross margin was 23.7% in fiscal 2025: for every $100 of revenue, Civeo kept $24 after the direct cost of its products and services.
How fast is Civeo growing?
Revenue grew 3.8% a year on average over the last five fiscal years, from $529.7 million to $638.8 million.
What are Civeo's earnings per share?
Civeo earned $-1.22 per diluted share in fiscal 2025, compared with $-0.94 a year earlier.
When will Civeo report its next earnings?
Civeo is expected to report results for the quarter ending September 30, 2026 on October 30, 2026.
When does Civeo's fiscal year end?
Civeo's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 3, 2026.