Transocean 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
Operating Revenue	3,965	3,524	2,832	2,575	2,556
Revenue	3,965	3,524	2,832	2,575	2,556
Revenue Growth (YoY)	12.51%	24.44%	9.98%	0.74%	-18.91%
Cost of Revenue	2,406	2,174	1,960	1,668	1,685
Gross Profit	1,559	1,350	872	907	871
Selling, General & Admin	195	216	192	180	161
Operating Expenses	854	955	936	915	903
Operating Income	705	395	-64	-8	-32
Interest Expense	-555	-362	-646	-561	-447
Interest & Investment Income	40	50	52	27	15
Currency Exchange Gain (Loss)	-	16	10	-8	-1
Other Non Operating Income (Expenses)	-99	7	-3	14	43
EBT Excluding Unusual Items	91	106	-651	-536	-422
Gain (Loss) on Sale of Investments	-	-1	-19	-24	-37
Gain (Loss) on Sale of Assets	7	-17	-183	-10	-62
Asset Writedown	-3,049	-772	-57	-	-
Other Unusual Items	3	161	-31	8	51
Pretax Income	-2,948	-523	-941	-562	-470
Income Tax Expense	-33	-11	13	59	121
Earnings From Continuing Operations	-2,915	-512	-954	-621	-591
Net Income to Company	-2,915	-512	-954	-621	-591
Minority Interest in Earnings	-	-	-	-	-1
Net Income	-2,915	-512	-954	-621	-592
Net Income to Common	-2,915	-512	-954	-621	-592
Shares Outstanding (Basic)	960	850	768	699	637
Shares Outstanding (Diluted)	960	925	768	699	637
Shares Change (YoY)	3.78%	20.44%	9.87%	9.73%	3.58%
EPS (Basic)	-3.04	-0.60	-1.24	-0.89	-0.93
EPS (Diluted)	-3.04	-0.76	-1.24	-0.89	-0.93
Free Cash Flow	626	193	-263	-269	367
Free Cash Flow Per Share	0.65	0.21	-0.34	-0.39	0.58
Gross Margin	39.32%	38.31%	30.79%	35.22%	34.08%
Operating Margin	17.78%	11.21%	-2.26%	-0.31%	-1.25%
Profit Margin	-73.52%	-14.53%	-33.69%	-24.12%	-23.16%
Free Cash Flow Margin	15.79%	5.48%	-9.29%	-10.45%	14.36%
EBITDA	1,364	1,138	732	844	930
EBITDA Margin	34.40%	32.29%	25.85%	32.78%	36.38%
D&A For EBITDA	659	743	796	852	962
EBIT	705	395	-64	-8	-32
EBIT Margin	17.78%	11.21%	-2.26%	-0.31%	-1.25%

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

SEC Filings: 10-K · 10-Q