Filing Flows › Civeo (CVEO) › Q3 2026 › vs Q3 2025
Civeo (CVEO) Q3 2026 vs Q3 2025 (year over year)
Civeo's revenue rose $22.6M (+13%) from $170M in Q3 2025 to $193M in Q3 2026. The biggest changes: Canada +$17.6M (+38%); Australia +$5.1M (+4%). Gross margin 24.0% against 25.7% (-1.7 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 24.0% | 25.7% | -1.7 pts |
| Operating margin | 6.9% | 4.1% | +2.8 pts |
| Net margin | 2.7% | -0.3% | +3.0 pts |
| Free cash flow margin | 10.9% | 4.8% | +6.1 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Australia | $130M | $124M | $5.1M | +4% |
| Canada | $63.6M | $46.0M | $17.6M | +38% |
| Revenue | $193M | $170M | $22.6M | +13% |
| Gross profit | $46.3M | $43.8M | $2.5M | +6% |
| Cost of revenue | $147M | $127M | $20.1M | +16% |
| Operating profit | $13.3M | $7.0M | $6.3M | +91% |
| Operating expenses | $33.0M | $36.8M | −$3.8M | -10% |
| Pre-tax earnings | $9.1M | $3.6M | $5.5M | +153% |
| Other expense, net | $4.2M | $3.4M | $854K | +25% |
| SG&A | $18.6M | $18.1M | $497K | +3% |
| Other operating costs | $14.4M | $18.7M | −$4.3M | -23% |
| Net earnings | $5.2M | −$456K | $5.6M | — |
| Income tax | $3.9M | $4.0M | −$159K | -4% |
| Depreciation & amortization | $15.7M | $20.0M | −$4.3M | -21% |
| Working capital & other | $5.5M | −$5.7M | $11.2M | — |
| Operating cash flow | $26.4M | $13.8M | $12.6M | +91% |
| Free cash flow (OCF − capex) | $21.0M | $8.2M | $12.8M | +156% |
| Capital expenditures | $5.4M | $5.6M | −$216K | -4% |
Questions
How much did Civeo's revenue grow year over year in Q3 2026?
Civeo's revenue rose $22.6M (+13%) from $170M in Q3 2025 to $193M in Q3 2026.
What drove Civeo's revenue change in Q3 2026?
Canada +$17.6M (+38%); Australia +$5.1M (+4%).