Every 10-Q that Civeo Corporation (CVEO) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow CVEO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CVEO filings page.
Civeo Corporation reported higher activity but remained unprofitable for the quarter and six months ended June 30, 2026. Second‑quarter revenue was $180,017 (in thousands), up from $162,694, driven by new integrated services contracts in Queensland and Canada, contributions from the 2025 Qantac asset acquisition, and currency tailwinds in Australia. Australia generated $125,446 (in thousands) of revenue and Canada $54,571 (in thousands).
Despite improved operations, Civeo posted a second‑quarter net loss attributable to the company of $2,521 (in thousands), compared with a $3,314 loss, as higher interest expense and a $3.5 million tax charge offset operating gains. For the first half, revenue rose to $352,684 (in thousands) and net loss narrowed to $6,329 (in thousands). Operating cash flow turned positive at $1,896 (in thousands) versus an outflow a year earlier, while capital expenditures were $7,846 (in thousands). Long‑term debt increased to $208,595 (in thousands) and revolving credit capacity was expanded and extended to 2030. After quarter‑end, Civeo issued $115.0 million of 4.50% Convertible Senior Notes due 2031, using part of the proceeds to repurchase 660,297 common shares and the remainder to repay borrowings.
Civeo Corporation reports first-quarter 2026 results with higher revenue but a smaller net loss than a year ago. Revenue rose to $172.7 million from $144.0 million, driven by growth in both Australia and Canada, including contributions from the Qantac acquisition and stronger demand at Canadian oil sands lodges.
Net loss attributable to Civeo narrowed to $3.8 million, or $0.34 per share, from $9.8 million, or $0.72 per share. Operating income improved to $3.1 million versus a loss previously as cost reductions and higher Canadian occupancy expanded margins. Civeo used $9.7 million of cash in operations, spent $4.1 million on capital expenditures, repurchased 511,000 shares for $14.4 million, and ended the quarter with $68.4 million of total available liquidity and $212.3 million of debt. The company also extended and upsized its revolving credit facility in April 2026.
Civeo Corporation (CVEO) filed its Q3 2025 10‑Q, reporting revenue of $170.5 million versus $176.3 million a year ago. Operating income improved to $7.0 million, and net loss narrowed to $0.5 million (basic and diluted $(0.04) per share) from a $5.1 million loss in Q3 2024. Pretax income of $3.6 million was offset by $4.0 million of income tax expense.
Australia led results with revenue of $124.5 million and segment gross margin of 26.9%, aided by the Qantac assets acquired on May 6, 2025, which contributed $8.4 million in revenue. Canada revenue declined to $46.0 million on lower billed rooms, though gross margin rose to 22.5% on cost reductions.
Year‑to‑date, revenue was $477.2 million with a net loss of $13.6 million. Long‑term debt increased to $187.9 million (from $43.3 million at year‑end) tied to the Qantac purchase and repurchases, while cash ended at $12.0 million. The company repurchased $26.2 million of shares in Q3 (1.051 million at $24.93) and $48.7 million year‑to‑date, and suspended quarterly dividends in April 2025 to prioritize buybacks. Shares outstanding were 11,515,223 as of October 24, 2025. 2025 capex is expected at $20–$25 million.
Civeo’s Q2-25 results weakened materially. Revenue fell 14% YoY to $162.7 million, driving operating income down 79% to $2.8 million and swinging to a net loss of $3.3 million (-$0.25 EPS) versus $8.2 million profit a year ago. Six-month revenue declined 13.6% to $306.7 million and the company posted a $13.2 million loss.
Segment trends diverged. Australian revenue rose 4% (≈7% in constant currency) helped by the May 6 acquisition of Qantac’s four villages (1,340 rooms), but Canadian revenue dropped 37% on lower oil-sands lodge occupancy and the completion of LNG construction activity. Consolidated gross margin narrowed to 21.8% from 24.9%.
Balance sheet & cash flow. The Qantac deal, funded with borrowings, lifted total assets to $508.8 million and long-term debt to $168.7 million (vs. $43.3 million at 12/24). Operating cash flow was a negative $10.8 million; capex $9.8 million; acquisition outlay $64.9 million. Cash ended at $14.6 million. The company remained within credit-facility leverage (≤3×) and interest-coverage covenants.
Capital returns shifted. Quarterly dividends were suspended in April; instead Civeo repurchased 1.0 million shares YTD for $22.5 million (avg. $21.65). Treasury shares now total 438 k.
Outlook factors. Management cites weak Canadian oil-sands demand, lingering inflation and labor shortages, but expects Australian growth from Qantac and new integrated-services contracts. Remaining contracted backlog for multi-year commitments totals $710.8 million.