CVEO

MKT CAP:$394M

Civeo Corporation

Market Cap

$394M

Industrials·Specialty Business Services·🇺🇸 United States·NYSE

Industrials·Specialty·🇺🇸·NYSE

Stock Price

$31.03+$7.79 (+33.52%)

Apr 24, 2026

Company Details

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile accommodations, including modular, skid-mounted accommodation...

CEO

Bradley J. Dodson

IPO Date

May 19, 2014

Website

civeo.com

Key Metrics TTM

Revenue

$639M

-3.8% YoY

Net Income

-$20M

EPS (Diluted)

-$1.57

Free Cash Flow

$2M

Revenue / Share

$55.86

Gross Margin

12.3%

Operating Margin

0.5%

Net Margin

-3.1%

FCF Margin

0.3%

P/S

0.6x

P/E

—

Earnings Reports

Q1 2026

Apr 29, 2026

PENDING

FY 2025

Mar 3, 2026

$639MEPS -$1.59

Q4 2025

Mar 3, 2026

$162MEPS -$0.56

Q3 2025

Oct 31, 2025

$170MEPS -$0.04

Q2 2025

Jul 29, 2025

$163M-13.8%EPS -$0.25

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 16	$104M	$36M	-$49M
Q4 17	$101M	$31M	-$46M
Q1 18	$102M	$24M	-$53M
Q4 18	$115M	$32M	-$7M
Q1 19	$109M	$29M	-$18M
Q2 19	$122M	$37M	-$12M
Q4 19	$149M	$46M	-$22M
Q1 20	$139M	$10M	-$4M
Q4 23	$171M	$36M	$17M
Q1 24	$166M	$36M	-$2M
Q2 24	$189M	$48M	$13M
Q1 25	$144M	$29M	-$6M
Q2 25	$163M	$41M	$3M
Q3 25	$170M	$24M	$6M
Q4 25	$162M	-$16M	$176.0K

Valuation

Quarter	P/S	P/E
Q3 16	—	—
Q4 17	—	—
Q1 18	—	—
Q4 18	0.9x	—
Q1 19	0.9x	—
Q2 19	0.9x	—
Q4 19	0.8x	—
Q1 20	0.8x	—
Q4 23	0.7x	—
Q1 24	0.6x	—
Q2 24	0.6x	—
Q1 25	0.6x	24.2x
Q2 25	0.6x	—
Q3 25	0.6x	—
Q4 25	0.6x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 16	$14M	$8M
Q4 17	$11M	$8M
Q1 18	$3M	$142.0K
Q4 18	$29M	$20M
Q1 19	$6M	-$3M
Q2 19	$4M	-$8M
Q4 19	$41M	$37M
Q1 20	$21M	$18M
Q4 23	$40M	$30M
Q1 24	$6M	$372.0K
Q2 24	$32M	$27M
Q1 25	-$8M	-$14M
Q2 25	-$2M	-$7M
Q3 25	$14M	$8M
Q4 25	$19M	$14M

Capital Expenditures

Quarter	CapEx
Q3 16	$5M
Q4 17	$3M
Q1 18	$3M
Q4 18	$8M
Q1 19	$10M
Q2 19	$12M
Q4 19	$4M
Q1 20	$3M
Q4 23	$10M
Q1 24	$6M
Q2 24	$5M
Q1 25	$5M
Q2 25	$4M
Q3 25	$6M
Q4 25	$5M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 19	+4.1%	-17.5%
Q2 19	+20.5%	-8.6%
Q4 19	+46.5%	+10.8%
Q1 20	+21.2%	+17.3%
Q4 23	+57.3%	+21.5%
Q1 24	+36.0%	+25.1%
Q2 24	+26.9%	+2.9%
Q1 25	+3.8%	+4.8%
Q2 25	-4.7%	+4.1%
Q3 25	+2.6%	-1.8%
Q4 25	-14.4%	-8.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 16	$1M	1.4%
Q4 17	$2M	1.8%
Q1 18	$2M	2.2%
Q4 18	$3M	2.8%
Q1 19	$3M	2.3%
Q2 19	$2M	2.0%
Q4 19	$3M	1.7%
Q1 20	$2M	1.6%
Q4 23	$1M	0.7%
Q1 24	$2M	1.1%
Q2 24	$609.0K	0.3%
Q1 25	$597.0K	0.4%
Q2 25	$602.0K	0.4%
Q3 25	$1M	0.6%
Q4 25	$800.0K	0.5%

OpEx Breakdown

Quarter	G&A	SG&A
Q3 16	$14M	—
Q4 17	$19M	—
Q1 18	$17M	—
Q4 18	$12M	—
Q1 19	$16M	—
Q2 19	$13M	—
Q4 19	$17M	—
Q1 20	—	$14M
Q4 23	—	$20M
Q1 24	—	$19M
Q2 24	—	$17M
Q1 25	—	$18M
Q2 25	—	$20M
Q3 25	—	$18M
Q4 25	—	$19M

Revenue Segments

Quarter	Product	Service and Other	Mobile Facility Rental
Q3 16	$6M	$98M	—
Q4 17	$4M	$97M	—
Q1 18	$5M	$96M	—
Q4 18	$7M	$108M	—
Q1 19	$2M	$100M	$6M
Q2 19	$2M	$113M	$8M
Q4 19	$2M	$140M	$7M
Q1 20	$3M	$129M	$6M
Q4 23	$228.0K	$170M	$724.0K
Q1 24	$207.0K	$166M	$383.0K
Q2 24	$232.0K	$188M	$248.0K

Revenue by Geography

Quarter	Australia Segment	Canada Segment	U.S. Segment
Q3 16	$28M	$74M	$3M
Q4 17	$28M	$64M	$10M
Q1 18	$28M	$63M	$10M
Q4 18	$30M	$69M	$15M
Q1 19	$28M	$67M	$13M
Q2 19	$31M	$78M	$13M
Q4 19	$49M	$90M	$10M
Q1 20	$49M	$79M	$10M
Q1 24	$92M	$67M	—
Q2 24	$109M	$80M	—
Q1 25	$104M	$40M	—
Q2 25	$113M	$50M	—
Q3 25	$124M	$46M	—
Q4 25	$120M	$42M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$6M	$0	$6M
Q2 22	$5M	$0	$5M
Q3 22	$8M	$0	$8M
Q4 22	$8M	$0	$8M
Q1 23	$12M	$0	$12M
Q2 23	$11M	$0	$11M
Q3 23	$8M	$0	$8M
Q4 23	$3M	$0	$3M
Q1 24	$17M	$0	$17M
Q2 24	$7M	$0	$7M
Q3 24	$18M	$0	$18M
Q4 24	$5M	$0	$5M
Q1 25	$28M	$0	$28M
Q2 25	$15M	$0	$15M
Q3 25	$12M	$0	$12M
Q4 25	$14M	$0	$14M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 16	9M	—	—
Q4 17	11M	+22.2%	—
Q1 18	11M	+0.6%	—
Q4 18	14M	+25.8%	—
Q1 19	14M	-0.2%	+54.3%
Q2 19	14M	+1.3%	+28.0%
Q4 19	14M	+0.1%	+27.4%
Q1 20	14M	+0.5%	+1.8%
Q4 23	15M	+5.8%	+7.8%
Q1 24	15M	-1.3%	+5.0%
Q2 24	15M	-0.4%	+4.5%
Q1 25	14M	-6.8%	-3.2%
Q2 25	13M	-1.6%	-9.9%
Q3 25	13M	-2.5%	-10.9%
Q4 25	11M	-12.4%	-21.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 16	$54.9K	2K
Q4 17	$59.6K	2K
Q1 18	$59.7K	2K
Q4 18	$163.6K	700
Q1 19	$155.1K	700
Q2 19	$174.5K	700
Q4 19	$156.5K	950
Q1 20	$146.1K	950
Q4 23	$106.7K	2K
Q1 24	$103.8K	2K
Q2 24	$117.9K	2K
Q1 25	$72.0K	2K
Q2 25	$81.3K	2K
Q3 25	$85.2K	2K
Q4 25	$77.0K	2K

Revenue / Employee