Filing Flows › Valaris (VAL) › Q2 2025
Valaris (VAL) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Valaris (VAL) reported revenue of $615M for the second quarter 2025 (Q2 2025), +0.8% from a year earlier and -0.9% from the quarter before. Operating margin was 26.7%, net earnings $115M (18.7% of revenue).
Valaris, Q2 2025: revenue $615M (+0.8% year over year), operating margin 26.7%, net earnings $115M, operating cash flow $120M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $615M | -0.9% | +0.8% |
| Operating profit | $164M | +15% | +51% |
| Net earnings | $115M | — | -23% |
| Operating cash flow | $120M | -23% | +943% |
| Free cash flow | $62.6M | — | — |
What changed
Revenue was $615.2M in Q2 2025, up 1% year over year and down 1% from the previous quarter.
Operating profit was $164.1M, a 26.7% margin (up 8.8 points year over year). Of the extra revenue versus a year earlier, 1082% reached operating profit, above the 18% margin then. Total costs fell 10% while revenue rose 1%. The fastest-growing cost line was Other operating costs (+22%). Net earnings were $115.1M, down 23% year over year ($114.2M including minority interests, which bore $900K of losses). The effective tax rate was 21.6%.
Operating cash flow was $120.0M (up 943% year over year), 105% of net earnings. Non-cash charges added back $6.0M of share-based compensation. After itions to property and equipment, net ($57.4M), adjusted free cash flow as the company reports it was $62.6M.
Questions
What was Valaris' revenue in the second quarter 2025?
Valaris (VAL) reported revenue of $615M for the second quarter 2025 (Q2 2025), +0.8% from a year earlier and -0.9% from the quarter before.
Was Valaris profitable in the second quarter 2025?
Operating profit was $164M (26.7% of revenue) and net earnings $115M.
Source: Valaris 10-Q on SEC EDGAR.