Filing Flows › Civeo (CVEO) › Q3 2026
Civeo (CVEO) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 30, 2026
Civeo (CVEO) reported revenue of $193M for the third quarter 2026 (Q3 2026), +13% from a year earlier and +7% from the quarter before. Operating margin was 6.9%, net earnings $5.2M (2.7% of revenue).
Civeo, Q3 2026: revenue $193M (+13% year over year), operating margin 6.9%, net earnings $5.2M, operating cash flow $26.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $193M | +7% | +13% |
| Gross profit | $46.3M | +12% | +6% |
| Operating profit | $13.3M | +161% | +91% |
| Net earnings | $5.2M | — | — |
| Operating cash flow | $26.4M | +127% | +91% |
| Free cash flow | $21.0M | +165% | +156% |
What changed
Revenue was $193.1M in Q3 2026, up 13% year over year and up 7% from the previous quarter. Australia was the largest line at 67% of revenue. Canada added $17.6M year over year (up 38%), 78% of the total change.
Gross margin was 24.0%, down 1.7 points from Q3 2025. Operating profit was $13.3M, a 6.9% margin (up 2.8 points year over year). Of the extra revenue versus Q3 2025, 28% reached operating profit, above the 4% margin then. Operating expenses fell 10% while revenue rose 13%. Net earnings were $5.2M. The effective tax rate was 42.8%.
Operating cash flow was $26.4M (up 91% year over year), 510% of net earnings. Non-cash charges added back $15.7M of depreciation and amortization. Working capital and other items added $5.5M. Capital expenditures of $5.4M left free cash flow of $21.0M.
Questions
What was Civeo's revenue in the third quarter 2026?
Civeo (CVEO) reported revenue of $193M for the third quarter 2026 (Q3 2026), +13% from a year earlier and +7% from the quarter before.
Was Civeo profitable in the third quarter 2026?
Operating profit was $13.3M (6.9% of revenue) and net earnings $5.2M.
Source: Civeo 10-Q on SEC EDGAR.