Filing Flows › Civeo (CVEO) › How it makes money
How Civeo (CVEO) makes money
Civeo (CVEO) made $193M of revenue in the third quarter 2026 (Q3 2026), +13% from a year earlier. Australia brought in $130M (67%); Canada brought in $63.6M (33%). Of every dollar of revenue, 24¢ was left as gross profit, 7¢ was left as operating profit, 3¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Australia | $130M | 67.1% | +3% | +4% |
| Canada | $63.6M | 32.9% | +17% | +38% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $193M | 100.0% |
| Cost of revenue | $147M | 76.0% |
| Gross profit | $46.3M | 24.0% |
| Operating expenses | $33.0M | 17.1% |
| Operating profit | $13.3M | 6.9% |
| Income tax | $3.9M | 2.0% |
| Net earnings | $5.2M | 2.7% |
| Operating cash flow | $26.4M | 13.7% |
| Free cash flow | $21.0M | 10.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $193M | +13% |
| Q2 2026 | $180M | +11% |
| Q1 2026 | $173M | +20% |
| Q4 2025 | $162M | +7% |
| Q3 2025 | $170M | -3% |
| Q2 2025 | $163M | -14% |
| Q1 2025 | $144M | -13% |
From Civeo's 10-Q filed Oct 30, 2026 (on EDGAR).
Questions
How does Civeo make money?
Civeo (CVEO) made $193M of revenue in the third quarter 2026 (Q3 2026), +13% from a year earlier. Australia brought in $130M (67%); Canada brought in $63.6M (33%). Of every dollar of revenue, 24¢ was left as gross profit, 7¢ was left as operating profit, 3¢ was left as net earnings.
What is Civeo's biggest business?
Australia: $130M in the third quarter 2026, 67% of revenue, +4% from a year earlier.
What is Civeo's profit margin?
Net earnings were $5.2M, 2.7% of revenue, in the third quarter 2026; the operating margin was 6.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.