Civeo (CVEO) Q4 net loss narrows 41.9% to USD 6.5 million

Reuters03-03 19:31
Civeo (CVEO) Q4 net loss narrows 41.9% to USD 6.5 million

Civeo (CVEO) reported Q4 2025 revenue of USD 161.6 million and a net loss of USD 6.5 million (USD 0.56 per diluted share). Q4 operating cash flow was USD 19.3 million, Adjusted EBITDA was USD 21.7 million, and free cash flow was USD 15.3 million. Australia Q4 revenue was USD 119.5 million (+9%) with Adjusted EBITDA of USD 22.4 million (+9%), driven primarily by the addition of recently acquired villages and increased integrated services activity; Canada Q4 revenue was USD 42.1 million (+4%) with Adjusted EBITDA of USD 3.4 million, reflecting cost reduction-driven margin improvement. For FY 2025, Civeo reported revenue of USD 638.8 million, a net loss of USD 20.1 million (USD 1.59 per diluted share), and Adjusted EBITDA of USD 88.2 million. As of December 31, 2025, total liquidity was about USD 90.4 million, total debt was USD 182.8 million, net debt was USD 168.4 million, and net leverage was 1.9x. Civeo repurchased 2.3 million shares for about USD 53.6 million in FY 2025, and its board approved a new authorization to repurchase up to 10% of outstanding shares, effective after completion of the existing authorization. FY 2026 guidance calls for revenue of USD 650.0 million to USD 700.0 million, Adjusted EBITDA of USD 85.0 million to USD 90.0 million, and capital expenditures of USD 25.0 million to USD 30.0 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Civeo Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260303281773) on March 03, 2026, and is solely responsible for the information contained therein.

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