CVEO Q3 FY2026 earnings: results, stock reaction and implied move

Reported results

Revenues reached $193.1 million in the third quarter of 2026, an increase of 13% compared to $170.5 million in the third quarter of 2025.
Net income was $5.2 million, or $0.50 per diluted share, in the third quarter of 2026, compared to a net loss of $0.5 million, or $0.04 per diluted share, in the third quarter of 2025.
Adjusted EBITDA was $30.1 million in the third quarter of 2026, compared to $28.6 million in the third quarter of 2025.
Operating cash flow was $26.4 million in the third quarter of 2026, compared to $13.8 million in the third quarter of 2025.
Capital expenditures were $5.4 million during the third quarter of 2026, compared to $5.6 million during the third quarter of 2025.

Full year 2026 revenue guidance was raised to $710 million to $720 million.
Full year 2026 Adjusted EBITDA guidance was raised to $89 million to $92 million.
Full year 2026 capital expenditure guidance was increased to $30 million to $35 million.
Full year 2026 estimated net loss guidance is $(9.7) million to $(7.7) million.

Beginning with the third quarter of 2026, Civeo revised its definition of Adjusted EBITDA to exclude foreign currency (gains) losses, net.

The figures above come from the earnings release the company filed with the SEC on 2026-10-29 (8-K, Item 2.02). Read the original filing on sec.gov.