For the quarter ending 2025-09-30, CVEO made $170,491,000 in revenue. -$455,000 in net income. Net profit margin of -0.27%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Revenue | 170,491,000 | 162,694,000 | 144,044,000 | 158,535,500 |
| Service and other costs | 126,704,000 | 121,531,000 | 114,615,000 | 126,736,500 |
| Selling, general and administrative expenses | 18,107,000 | 20,470,000 | 18,185,000 | 18,141,000 |
| Other operating expense | - | - | - | 224,500 |
| Depreciation and amortization expense | 20,012,000 | 17,827,000 | 16,253,000 | 16,769,500 |
| Impairment expense | 0 | 0 | - | 3,860,333.333 |
| (gain) loss on sale of mcclelland lake lodge assets, net | 0 | 0 | - | 3,001,000 |
| Other operating (income) expense | 1,298,000 | -66,000 | -507,000 | - |
| Total costs and expenses | 163,525,000 | 159,894,000 | 149,560,000 | 164,447,500 |
| Operating income | 6,966,000 | 2,800,000 | -5,516,000 | -5,912,000 |
| Other income | - | - | - | 129,250 |
| Interest expense | 3,422,000 | 2,699,000 | 1,619,000 | 2,022,500 |
| Interest income | 28,000 | 75,000 | 26,000 | 41,500 |
| Other income | 10,000 | 119,000 | 347,000 | - |
| Income (loss) before income taxes | 3,582,000 | 295,000 | -6,762,000 | -7,891,500 |
| Income tax expense | 4,038,000 | 3,606,000 | 3,088,000 | 2,422,000 |
| Net loss | -456,000 | -3,311,000 | -9,850,000 | -10,313,500 |
| Less net loss attributable to noncontrolling interest | -1,000 | 3,000 | -8,000 | -212,000 |
| Net loss attributable to civeo corporation | -455,000 | -3,314,000 | -9,842,000 | -10,101,500 |
| Net income (loss) attributable to civeo common shareholders | - | - | - | -4,266,750 |
| Basic (in shares) | 12,395,000 | 13,177,000 | 13,600,000 | -7,262,000 |
| Basic net loss per share attributable to civeo corporation common shareholders (in dollars per share) | -0.04 | -0.25 | -0.72 | -0.7 |
| Diluted (in shares) | 12,395,000 | 13,177,000 | 13,600,000 | -7,303,000 |
| Diluted net loss per share attributable to civeo corporation common shareholders (in dollars per share) | -0.04 | -0.25 | -0.72 | -0.695 |
Civeo Corp (CVEO)
Civeo Corp (CVEO)