Filing Flows › Civeo (CVEO) › Q3 2026 › vs Q2 2026
Civeo (CVEO) Q3 2026 vs Q2 2026 (quarter over quarter)
Civeo's revenue rose $13.1M (+7%) from $180M in Q2 2026 to $193M in Q3 2026. The biggest changes: Canada +$9.0M (+17%); Australia +$4.1M (+3%). Gross margin 24.0% against 23.0% (+1.0 pts).
Civeo, Q3 2026: revenue $193M (+13% year over year), operating margin 6.9%, net earnings $5.2M, operating cash flow $26.4M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 24.0% | 23.0% | +1.0 pts |
| Operating margin | 6.9% | 2.8% | +4.1 pts |
| Net margin | 2.7% | -1.4% | +4.1 pts |
| Free cash flow margin | 10.9% | 4.4% | +6.5 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Australia | $130M | $125M | $4.1M | +3% |
| Canada | $63.6M | $54.6M | $9.0M | +17% |
| Revenue | $193M | $180M | $13.1M | +7% |
| Gross profit | $46.3M | $41.4M | $4.9M | +12% |
| Cost of revenue | $147M | $139M | $8.2M | +6% |
| Operating profit | $13.3M | $5.1M | $8.2M | +161% |
| Operating expenses | $33.0M | $36.3M | −$3.3M | -9% |
| Pre-tax earnings | $9.1M | $1.0M | $8.1M | +799% |
| Other expense, net | $4.2M | $4.1M | $154K | +4% |
| SG&A | $18.6M | $20.4M | −$1.8M | -9% |
| Other operating costs | $14.4M | $15.9M | −$1.5M | -10% |
| Net earnings | $5.2M | −$2.5M | $7.7M | — |
| Income tax | $3.9M | $3.5M | $354K | +10% |
| Depreciation & amortization | $15.7M | $16.3M | −$613K | -4% |
| Working capital & other | $5.5M | −$2.2M | $7.7M | — |
| Operating cash flow | $26.4M | $11.6M | $14.8M | +127% |
| Free cash flow (OCF − capex) | $21.0M | $7.9M | $13.1M | +165% |
| Capital expenditures | $5.4M | $3.7M | $1.7M | +45% |
Questions
How much did Civeo's revenue grow quarter over quarter in Q3 2026?
Civeo's revenue rose $13.1M (+7%) from $180M in Q2 2026 to $193M in Q3 2026.
What drove Civeo's revenue change in Q3 2026?
Canada +$9.0M (+17%); Australia +$4.1M (+3%).