Civeo CorpCVEOEarnings & Financial Report
The Civeo Corporation is an American accommodation services multinational corporation. It is a spin-off of Oil States International. It is a public company listed on the New York Stock Exchange.
Revenue
$170.5M
Gross Profit
$43.8M
Operating Profit
$7.0M
Net Profit
$-455.0K
Gross Margin
25.7%
Operating Margin
4.1%
Net Margin
-0.3%
YoY Growth
-3.3%
EPS
$-0.04
Civeo Corp Q3 FY2025 Financial Summary
Civeo Corp reported revenue of $170.5M (down 3.3% YoY) for Q3 FY2025, with a net profit of $-455.0K (up 91.1% YoY) (-0.3% margin). Cost of goods sold was $126.7M, operating expenses totaled $36.8M.
Key Financial Metrics
| Total Revenue | $170.5M |
|---|---|
| Net Profit | $-455.0K |
| Gross Margin | 25.7% |
| Operating Margin | 4.1% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
Civeo Corp Q3 FY2025 revenue of $170.5M breaks down across 3 segments, led by Food Service And Other Service Revenue at $66.1M (38.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Food Service And Other Service Revenue | $66.1M | 38.7% |
| Accommodation | $58.4M | 34.3% |
| Other | $46.0M | 27.0% |
Civeo Corp Revenue by Segment — Quarterly Trend
Civeo Corp revenue by segment across the last 4 reported quarters, showing how each business line (such as Food Service And Other Service Revenue and Accommodation) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Food Service And Other Service Revenue | — | $66.1M | $60.0M | $56.8M |
| Accommodation | — | $58.4M | $52.7M | $46.8M |
| Other | — | $46.0M | $50.0M | $40.4M |
Civeo Corp Annual Revenue by Year
Civeo Corp annual revenue history includes year-by-year totals (for example, 2025 revenue was $638.8M).
| Year | Annual Revenue |
|---|---|
| 2025 | $638.8M |
| 2024 | $682.1M |
| 2023 | $700.8M |
| 2022 | $697.1M |
Civeo Corp Quarterly Revenue & Net Profit History
Civeo Corp results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $161.6M | +7.1% | $-6.5M | -4.0% |
| Q3 FY2025 | $170.5M | -3.3% | $-455.0K | -0.3% |
| Q2 FY2025 | $162.7M | -13.8% | $-3.3M | -2.0% |
| Q1 FY2025 | $144.0M | -13.3% | $-9.8M | -6.8% |
| Q4 FY2024 | $151.0M | -11.6% | $-15.4M | -10.2% |
| Q3 FY2024 | $176.3M | -3.9% | $-5.1M | -2.9% |
| Q2 FY2024 | $188.7M | +5.5% | $8.2M | 4.4% |
| Q1 FY2024 | $166.1M | -0.9% | $-5.1M | -3.1% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $166.1M | $188.7M | $176.3M | $151.0M | $144.0M | $162.7M | $170.5M | $161.6M |
| YoY Growth | -0.9% | 5.5% | -3.9% | -11.6% | -13.3% | -13.8% | -3.3% | 7.1% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $513.1M | $483.2M | $477.6M | $405.1M | $423.8M | $508.8M | $491.1M | $477.4M |
| Liabilities | $213.0M | $183.8M | $193.7M | $168.1M | $203.0M | $299.4M | $308.5M | $303.0M |
| Equity | $297.4M | $297.4M | $282.2M | $236.4M | $220.7M | $209.4M | $182.5M | $174.4M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $6.0M | $32.4M | $35.7M | $9.5M | $-8.4M | $-2.3M | $13.8M | $19.3M |