Filing Flows › Civeo (CVEO) › Q2 2026 › vs Q1 2026
Civeo (CVEO) Q2 2026 vs Q1 2026 (quarter over quarter)
Civeo's revenue rose $7.3M (+4%) from $173M in Q1 2026 to $180M in Q2 2026. The biggest changes: Canada +$4.9M (+10%); Australia +$2.4M (+2%).
Civeo, Q2 2026: revenue $180M (+11% year over year), operating margin 2.8%, net loss $2.5M, operating cash flow $11.6M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 4.4% | -8.0% | +12.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Australia | $125M | $123M | $2.4M | +2% |
| Canada | $54.6M | $49.6M | $4.9M | +10% |
| Revenue | $180M | $173M | $7.3M | +4% |
| Net loss | $2.5M | $3.8M | −$1.3M | -34% |
| Costs & expenses | $183M | $176M | $6.1M | +3% |
| Operating costs | $175M | $170M | $5.4M | +3% |
| Interest & other, net | $4.1M | $3.8M | $299K | +8% |
| Income tax | $3.5M | $3.1M | $384K | +12% |
| Cost of revenue | $139M | $133M | $6.1M | +5% |
| SG&A | $20.4M | $20.1M | $338K | +2% |
| Other operating costs | $15.9M | $17.0M | −$1.1M | -6% |
| Operating cash sources | $16.3M | $17.3M | −$981K | -6% |
| Depreciation & amortization | $16.3M | $17.3M | −$981K | -6% |
| Net loss absorbed | $2.5M | $3.8M | −$1.3M | -34% |
| Working capital & other | $2.2M | $23.2M | −$21.1M | -91% |
| Operating cash flow | $11.6M | −$9.7M | $21.4M | — |
| Free cash flow (OCF − capex) | $7.9M | −$13.9M | $21.8M | — |
| Capital expenditures | $3.7M | $4.1M | −$420K | -10% |
Questions
How much did Civeo's revenue grow quarter over quarter in Q2 2026?
Civeo's revenue rose $7.3M (+4%) from $173M in Q1 2026 to $180M in Q2 2026.
What drove Civeo's revenue change in Q2 2026?
Canada +$4.9M (+10%); Australia +$2.4M (+2%).