HLX 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	1,291	1,359	1,290	873.1	674.73
Revenue Growth (YoY)	-4.94%	5.34%	47.72%	29.40%	-8.02%
Cost of Revenue	1,132	1,139	1,089	822.48	659.34
Gross Profit	159.14	219.56	200.36	50.62	15.39
Selling, General & Admin	75.94	91.65	94.43	76.75	63.45
Other Operating Expenses	17.94	2.3	43.8	15.03	-2.24
Total Operating Expenses	93.88	93.95	138.23	91.78	61.21
Operating Income	65.14	127.44	63.51	-44.86	-48.69
Interest Income	-	-	-	8.26	-0
Interest Expense	-22.78	-22.63	-17.34	-18.95	-23.2
Other Non-Operating Income (Expense)	-	20.92	37.28	-23.33	-1.63
Total Non-Operating Income (Expense)	-22.78	-1.71	19.94	-34.02	-24.83
Pretax Income	42.48	82.06	7.51	-75.18	-70.64
Provision for Income Taxes	11.65	26.43	18.35	12.6	-8.96
Net Income	30.83	55.64	-10.84	-87.78	-61.54
Minority Interest in Earnings	-	-	-	-	-0.15
Net Income to Common	30.83	55.64	-10.84	-87.78	-61.54
Net Income Growth	-44.59%	-	-	-	-
Shares Outstanding (Basic)	148	152	151	151	150
Shares Outstanding (Diluted)	148	155	151	151	150
Shares Change (YoY)	-4.04%	2.51%	-0.24%	0.81%	0.11%
EPS (Basic)	0.21	0.37	-0.07	-0.58	-0.41
EPS (Diluted)	0.21	0.36	-0.07	-0.58	-0.41
EPS Growth	-41.67%	-	-	-	-
Free Cash Flow	120.41	162.73	132.87	17.6	131.8
Free Cash Flow Growth	-26.01%	22.47%	654.77%	-86.64%	67.77%
Free Cash Flow Per Share	0.81	1.05	0.88	0.12	0.88
Gross Margin	12.32%	16.16%	15.53%	5.80%	2.28%
Operating Margin	5.04%	9.38%	4.92%	-5.14%	-7.22%
Profit Margin	2.39%	4.10%	-0.84%	-10.05%	-9.14%
FCF Margin	9.32%	11.98%	10.30%	2.02%	19.53%
EBITDA	252.52	300.73	227.63	97.83	92.83
EBITDA Margin	19.55%	22.14%	17.65%	11.21%	13.76%
EBIT	65.14	127.44	63.51	-44.86	-48.69
EBIT Margin	5.04%	9.38%	4.92%	-5.14%	-7.22%
Effective Tax Rate	27.43%	32.20%	244.24%	-16.76%	12.68%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q