Filing Flows › Civeo (CVEO) › Q2 2026 › vs Q2 2025
Civeo (CVEO) Q2 2026 vs Q2 2025 (year over year)
Civeo's revenue rose $17.3M (+11%) from $163M in Q2 2025 to $180M in Q2 2026. The biggest changes: Australia +$12.8M (+11%); Canada +$4.5M (+9%).
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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 4.4% | -4.2% | +8.6 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Australia | $125M | $113M | $12.8M | +11% |
| Canada | $54.6M | $50.0M | $4.5M | +9% |
| Revenue | $180M | $163M | $17.3M | +11% |
| Net loss | $2.5M | $3.3M | −$794K | -24% |
| Costs & expenses | $183M | $166M | $16.5M | +10% |
| Operating costs | $175M | $160M | $15.0M | +9% |
| Interest & other, net | $4.1M | $2.5M | $1.6M | +63% |
| Income tax | $3.5M | $3.6M | −$81K | -2% |
| Cost of revenue | $139M | $122M | $17.1M | +14% |
| SG&A | $20.4M | $20.5M | −$64K | -0.3% |
| Other operating costs | $15.9M | $17.9M | −$2.0M | -11% |
| Operating cash sources | $16.3M | $17.8M | −$1.5M | -8% |
| Depreciation & amortization | $16.3M | $17.8M | −$1.5M | -8% |
| Net loss absorbed | $2.5M | $3.3M | −$794K | -24% |
| Working capital & other | $2.2M | $16.8M | −$14.7M | -87% |
| Operating cash flow | $11.6M | −$2.3M | $14.0M | — |
| Free cash flow (OCF − capex) | $7.9M | −$6.8M | $14.7M | — |
| Capital expenditures | $3.7M | $4.5M | −$785K | -17% |
Questions
How much did Civeo's revenue grow year over year in Q2 2026?
Civeo's revenue rose $17.3M (+11%) from $163M in Q2 2025 to $180M in Q2 2026.
What drove Civeo's revenue change in Q2 2026?
Australia +$12.8M (+11%); Canada +$4.5M (+9%).