Civeo Corp

Listed Company

CVEOCIK 0001590584NYSEAcceleratedHotels, Rooming Houses, Camps & Other Lodging PlacesA1FY ends Dec 31

Period

FY 2025

Revenue

$638.85M

Net Income

$-20.07M

Total Assets

$477.41M

Equity

$174.38M

Shares Out

10.94M

Op. Cash Flow

$22.34M

CVEO$34.87+41.35% · past yearDBEQ Basic

Daily closing prices

Business

Civeo Corp provides hospitality services to remote workforces in Australia and Canada, including lodging, catering, housekeeping, maintenance and facility management at owned and customer-owned accommodation facilities. The company operates 26 owned lodges and villages with approximately 26,500 rooms and manages hospitality services at 24 customer-owned locations with approximately 19,500 rooms, plus a fleet of mobile assets in Canada. Civeo serves mining, oil & gas, and LNG customers primarily in the Bowen Basin and Pilbara regions of Australia and the Athabasca oil sands and LNG regions of Canada through multi-year take-or-pay and exclusivity contracts.

Summary from 10-K filed 2026-03-03

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	639	682	701	697	594
Cost of services provided	488	533	530	517	—
Selling, general and administrative expenses	75	73	73	70	61
Depreciation and amortization expense	73	68	75	87	83
Impairment expense	0	12	1	6	8
Gain on sale of McClelland Lake Lodge assets, net	0	−6	−19	0	0
Other operating (income) expense	−987,000	898,000	479,000	74,000	313,000
Total costs and expenses	635	681	661	680	588
Operating income	4	1	39	17	6
Interest expense	−11	−8	−13	−11	—
Interest income	164,000	187,000	172,000	39,000	2,000
Other income	683,000	517,000	14	5	13
Income (loss) before income taxes	−6	−6	40	11	6
Income tax expense	−14	−12	−11	−4	−3
Net income (loss)	−20	−18	30	6	2
Less: Net loss attributable to noncontrolling interest	−5,000	−1	−427,000	2	1
Net income (loss) attributable to Civeo Corporation	−20	−17	30	4	1
Basic net income (loss) per share attributable to Civeo Corporation common shareholders (in dollars per share)	−1.59	−1.19	2.02	−0.21	−0.04
Diluted net income (loss) per share attributable to Civeo Corporation common shareholders (in dollars per share)	−1.59	−1.19	2.01	−0.21	−0.04
Basic (in shares)	13	14	15	14	14
Diluted (in shares)	13	14	15	14	14

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	14	5	3	8	6
Accounts receivable, net	90	89	143	120	115
Inventories	6	8	7	7	6
Prepaid expenses	17	7	8	7	7
Other current assets	3	1	7	3	11
Total current assets	131	110	175	154	157
Property, plant and equipment, net	245	205	271	302	390
Goodwill	8	7	8	8	8
Other intangible assets, net	70	67	78	82	94
Operating lease right-of-use assets	14	9	12	16	18
Other noncurrent assets	9	7	4	6	5
Total assets	477	405	548	566	673
Accounts payable	44	40	59	51	49
Accrued liabilities	31	35	41	39	34
Income taxes	153,000	11	4	178,000	171,000
Deferred revenue	3	3	5	991,000	18
Other current liabilities	7	4	6	8	5
Total current liabilities	85	93	114	128	137
Long-term debt, less current maturities	183	43	66	103	143
Deferred income taxes	3	4	12	5	896,000
Operating lease liabilities	11	7	9	13	15
Other noncurrent liabilities	21	22	24	14	14
Total liabilities	303	168	225	262	310
Commitments and contingencies (Note 14)	—	—	—	—	—
Common shares (no par value; 46,000,000 shares authorized, 11,872,028 shares and 14,067,721 shares issued, respectively, and 11,434,033 shares and 13,653,647 shares outstanding, respectively)	0	0	0	0	0
Additional paid-in capital	1,635	1,632	1,629	1,625	1,582
Accumulated deficit	−1,059	−981	−919	−930	−913
Common shares held in treasury at cost, 437,995 and 414,074 shares, respectively	−11	−10	−9	−9	−8
Accumulated other comprehensive loss	−391	−405	−381	−385	−362
Total Civeo Corporation shareholders equity	174	236	320	300	361
Noncontrolling interest	0	625,000	3	4	2
Total shareholders equity	174	237	323	304	363
Total liabilities and shareholders equity	477	405	548	566	673

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Deferred income tax expense (benefit)	−4	−8	7	4	3
Non-cash compensation charge	3	3	4	4	4
Gain on disposals of assets	−2	−6	−21	−5	−6
Provision for credit losses, net of recoveries	12,000	26,000	135,000	162,000	141,000
Other, net	2	2	2	3	2
Accounts receivable	5	44	−22	−14	−28
Inventories	2	−1	5,000	−2	−526,000
Accounts payable and accrued liabilities	−5	−18	7	12	15
Taxes payable	−16	8	4	5,000	−28,000
Other current assets and liabilities, net	−15	−2	10	−10	4
Net cash flows provided by operating activities	22	84	97	92	89
Capital expenditures	−20	−26	−32	−25	−16
Payments related to acquisitions, net of cash acquired	−72	0	0	—	0
Proceeds from disposition of property, plant and equipment	2	11	17	16	14
Other, net	0	183,000	372,000	190,000	559,000
Net cash flows used in investing activities	−90	−15	−15	−9	−706,000
Revolving credit borrowings	330	284	211	290	398
Revolving credit repayments	−197	−301	−248	−293	−349
Term loan repayments	0	0	−30	−30	−125
Dividends paid	−3	−14	−7	0	0
Debt issuance costs	−423,000	−3	0	0	−4
Repurchases of common shares	−54	−30	−12	−14	−5
Other, net	−645,000	−1	0	−1	−1
Net cash flows provided by (used in) financing activities	75	−65	−87	−80	−87
Effect of exchange rate changes on cash	2	−1	127,000	−2	−1
Net change in cash and cash equivalents	9	2	−5	2	127,000
Capital expenditure additions accrued at end of period	991,000	609,000	510,000	511,000	575,000

Filings

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Frequently asked questions

What is Civeo Corp's CIK number?

Civeo Corp's SEC CIK number is 0001590584 (1590584). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Civeo Corp's SEC filings?

All of Civeo Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Civeo Corp last report earnings?

Civeo Corp (CVEO) most recently filed an earnings 8-K with the SEC on May 1, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001590584-26-000049). This is Civeo Corp's most recent earnings filing of record — not a forecast of its next earnings date.

What is Civeo Corp's most recent earnings 8-K?

Civeo Corp's latest earnings 8-K (Item 2.02) was filed May 1, 2026 under accession 0001590584-26-000049. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Civeo Corp's latest earnings 8-K →
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