For the year ending 2025-12-31, RIG made $3,965M in revenue. -$2,915M in net income. Net profit margin of -73.52%.
| Income Statement | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Contract drilling revenues | 3,965 | 3,524 | 2,832 | 2,575 |
| Operating and maintenance | 2,406 | 2,199 | 1,986 | 1,679 |
| Depreciation and amortization | 659 | 739 | 744 | 735 |
| General and administrative | 195 | 214 | 187 | 182 |
| Total costs and expenses | 3,260 | 3,152 | 2,917 | 2,596 |
| Loss on impairment of assets | 3,049 | 772 | 57 | - |
| Gain (loss) on disposal of assets, net | 7 | -17 | -183 | -10 |
| Operating loss | -2,337 | -417 | -325 | -31 |
| Interest income | 40 | 50 | 52 | 27 |
| Interest expense, net of amounts capitalized | 555 | 362 | 646 | 561 |
| Gain (loss) on retirement of debt | 3 | 161 | -31 | 8 |
| Other, net | -99 | 45 | 9 | -5 |
| Total other income (expense), net | -611 | -106 | -616 | -531 |
| Loss before income taxes | -2,948 | -523 | -941 | -562 |
| Income tax expense (benefit) | -33 | -11 | 13 | 59 |
| Net loss | -2,915 | -512 | -954 | -621 |
| Net loss attributable to controlling interest | -2,915 | -512 | -954 | -621 |
| Basic EPS | -3.04 | -0.6 | -1.24 | -0.89 |
| Diluted EPS | -3.04 | -0.76 | -1.24 | -0.89 |
| Basic Average Shares | 960,000,000 | 850,000,000 | 768,000,000 | 699,000,000 |
| Diluted Average Shares | 960,000,000 | 925,000,000 | 768,000,000 | 699,000,000 |
Transocean Ltd. (RIG)
Transocean Ltd. (RIG)