Filing Flows › Civeo (CVEO) › Q2 2026
Civeo (CVEO) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
Civeo (CVEO) reported revenue of $180M for the second quarter 2026 (Q2 2026), +11% from a year earlier and +4% from the quarter before. Operating margin was 2.8%, net loss $2.5M (1.4% of revenue).
Civeo, Q2 2026: revenue $180M (+11% year over year), operating margin 2.8%, net loss $2.5M, operating cash flow $11.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $180M | +4% | +11% |
| Operating profit | $5.1M | +63% | +82% |
| Net earnings | −$2.5M | — | — |
| Operating cash flow | $11.6M | — | — |
| Free cash flow | $7.9M | — | — |
What changed
Revenue was $180.0M in Q2 2026, up 11% year over year and up 4% from the previous quarter. Australia was the largest line at 70% of revenue. Australia added $12.8M year over year (up 11%), 74% of the total change.
Gross margin was 23.0%, down 2.3 points from Q2 2025. Operating profit was $5.1M, a 2.8% margin (up 1.1 points year over year). Of the extra revenue versus Q2 2025, 13% reached operating profit, above the 2% margin then. Operating expenses fell 5% while revenue rose 11%. The quarter ended with a net loss of $2.5M, narrower than the previous quarter's $3.8M loss. Net interest and other expense of $4.1M was the main reason.
Operating cash flow was $11.6M. Non-cash charges added back $16.3M of depreciation and amortization. Working capital and other items used $2.2M. Capital expenditures of $3.7M left free cash flow of $7.9M.
Questions
What was Civeo's revenue in the second quarter 2026?
Civeo (CVEO) reported revenue of $180M for the second quarter 2026 (Q2 2026), +11% from a year earlier and +4% from the quarter before.
Was Civeo profitable in the second quarter 2026?
Operating profit was $5.1M (2.8% of revenue) and net loss $2.5M.
Source: Civeo 10-Q on SEC EDGAR.