Valaris LtdVALEarnings & Financial Report
Valaris Limited is an offshore drilling contractor headquartered in Houston, Texas, and incorporated in Bermuda. It is the largest offshore drilling and well drilling company in the world. As of February 2025, it owned 52 rigs, including 36 offshore jackup rigs, 11 drillships, and 5 semi-submersible platform drilling rigs.
Revenue
$2.6M
Gross Profit
$-442.2M
Operating Profit
N/A
Net Profit
$25.5M
Gross Margin
-17007.7%
Operating Margin
N/A
Net Margin
980.8%
YoY Growth
136.4%
EPS
$0.35
Valaris Ltd Q1 FY2024 Financial Summary
Valaris Ltd reported revenue of $2.6M (up 136.4% YoY) for Q1 FY2024, with a net profit of $25.5M (down 45.4% YoY) (980.8% margin). Cost of goods sold was $444.8M.
Key Financial Metrics
| Total Revenue | $2.6M |
|---|---|
| Net Profit | $25.5M |
| Gross Margin | -17007.7% |
| Operating Margin | N/A |
| Report Period | Q1 FY2024 |
Valaris Ltd Annual Revenue by Year
Valaris Ltd annual revenue history includes year-by-year totals (for example, 2024 revenue was $9.6M).
| Year | Annual Revenue |
|---|---|
| 2024 | $9.6M |
| 2023 | $8.4M |
| 2022 | $9.2M |
Valaris Ltd Quarterly Revenue & Net Profit History
Valaris Ltd 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 | $5.2M | +405.9% | $717.5M | 13798.1% |
| Q3 FY2025 | $5.6M | +43.6% | $188.1M | 3358.9% |
| Q2 FY2025 | $700.0K | -85.4% | $115.1M | 16442.9% |
| Q4 FY2024 | $-1.7M | -154.8% | $133.7M | -7864.7% |
| Q3 FY2024 | $3.9M | +178.6% | $64.6M | 1656.4% |
| Q2 FY2024 | $4.8M | +71.4% | $149.6M | 3116.7% |
| Q1 FY2024 | $2.6M | +136.4% | $25.5M | 980.8% |
| Q4 FY2023 | $3.1M | +72.2% | $828.5M | 26725.8% |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.1M | $2.6M | $4.8M | $3.9M | $-1.7M | $700000 | $5.6M | $5.2M |
| YoY Growth | 72.2% | 136.4% | 71.4% | 178.6% | -154.8% | -85.4% | 43.6% | 405.9% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $4.32B | $4.35B | $4.42B | $4.33B | $4.42B | $4.50B | $4.64B | $5.30B |
| Liabilities | $2.33B | $2.32B | $2.23B | $2.21B | $2.18B | $2.17B | $2.19B | $2.13B |
| Equity | $1.99B | $2.02B | $2.18B | $2.11B | $2.24B | $2.33B | $2.45B | $3.17B |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $96.7M | $26.3M | $11.5M | $193.0M | $124.6M | $120.0M | $198.1M | $72.2M |