Civeo Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	638.85	682.12	700.81	697.05	594.46
Revenue Growth (YoY)	-6.34%	-2.67%	0.54%	17.26%	12.22%
Cost of Revenue	487.76	532.67	530.29	517.06	436.46
Gross Profit	151.09	149.46	170.52	179.99	158
Selling, General & Admin	75.34	73.35	72.61	69.96	60.6
Other Operating Expenses	-0.99	0.9	0.48	0.07	0.31
Operating Expenses	146.97	142.29	148.23	157.25	144.01
Operating Income	4.12	7.17	22.29	22.74	13.99
Interest Expense	-11.42	-7.97	-13.18	-11.47	-12.96
Interest & Investment Income	0.16	0.19	0.17	0.04	0
Other Non Operating Income (Expenses)	0.68	0.52	13.88	0.23	7.01
EBT Excluding Unusual Items	-6.46	-0.1	23.17	11.54	8.04
Gain (Loss) on Sale of Assets	-	5.74	18.59	4.92	6.19
Asset Writedown	-	-11.58	-1.4	-5.72	-7.94
Other Unusual Items	-	-	-	-	-0.42
Pretax Income	-6.46	-5.94	40.36	10.73	5.87
Income Tax Expense	13.62	12.49	10.63	4.4	3.38
Earnings From Continuing Operations	-20.08	-18.43	29.73	6.33	2.5
Minority Interest in Earnings	0.01	1.36	0.43	-2.33	-1.15
Net Income	-20.07	-17.07	30.16	4	1.35
Preferred Dividends & Other Adjustments	-	-	-	6.96	1.93
Net Income to Common	-20.07	-17.07	30.16	-2.96	-0.58
Net Income Growth	-	-	654.49%	196.07%	-
Shares Outstanding (Basic)	13	14	15	14	14
Shares Outstanding (Diluted)	13	14	15	14	14
Shares Change (YoY)	-11.49%	-4.84%	7.22%	-1.62%	0.73%
EPS (Basic)	-1.59	-1.19	2.02	-0.21	-0.04
EPS (Diluted)	-1.59	-1.19	2.01	-0.21	-0.04
Free Cash Flow	2.15	57.37	64.93	66.35	72.96
Free Cash Flow Per Share	0.17	4.02	4.33	4.74	5.13
Dividend Per Share	0.250	1.000	0.500	-	-
Dividend Growth	-75.00%	100.00%	-	-	-
Gross Margin	23.65%	21.91%	24.33%	25.82%	26.58%
Operating Margin	0.64%	1.05%	3.18%	3.26%	2.35%
Profit Margin	-3.14%	-2.50%	4.30%	-0.43%	-0.10%
Free Cash Flow Margin	0.34%	8.41%	9.26%	9.52%	12.27%
EBITDA	76.73	75.21	97.43	109.95	97.09
EBITDA Margin	12.01%	11.03%	13.90%	15.77%	16.33%
D&A For EBITDA	72.62	68.04	75.14	87.21	83.1
EBIT	4.12	7.17	22.29	22.74	13.99
EBIT Margin	0.64%	1.05%	3.18%	3.26%	2.35%
Effective Tax Rate	-	-	26.34%	41.02%	57.48%
Revenue as Reported	-	-	-	-	594.46

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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