For Q1 FY2026 ended March 31, 2026, Civeo reported revenue of $172.7 million, up 19.9% year-over-year. Net loss narrowed to $3.8 million from $9.8 million a year ago, an improvement of 61.3%. Operating income was $3.1 million, a significant increase of 156.6% compared to the prior year. Diluted EPS was -$0.34, improving from -$0.72 in the same quarter last year.
•Revenue increased 19.9% YoY to $172.7 million.
•Net loss improved 61.3% to $3.8 million.
•Operating income rose 156.6% to $3.1 million.
•Diluted EPS improved to -$0.34 from -$0.72.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Civeo provides hospitality services to the natural resource industry globally. The company develops lodges and villages; and mobile assets, including modular, skid-mounted accommodation, and central facilities that provide short to medium-term accommodation needs
Food, housekeeping, and maintenance services, as well as laundry, facility management and maintenance, water and wastewater treatment, power generation, communication system, security, logistics, and camp management services.
Additionally, it provides development activities for workforce accommodation facilities, including site selection, permitting, engineering and design, and manufacturing and site construction services
Lodging and catering, and hospitality services. The company serves oil, mining, engineering, and oilfield and mining service companies. Founded in 1977, Civeo is headquartered in Houston, Texas.
Civeo Corporation provides hospitality services to the natural resource industry globally. The company develops and operates lodges, villages, and mobile assets such as modular and skid-mounted accommodation units. It offers short to medium-term accommodation along with food, housekeeping, maintenance, laundry, facility management, water and wastewater treatment, power generation, communication systems, security, logistics, and camp management services. Additionally, Civeo provides development activities for workforce accommodation facilities, including site selection, permitting, engineering, design, manufacturing, and site construction. Its clients include oil, mining, engineering, and oilfield and mining service companies.
Where is Civeo Corporation (CVEO) listed and in which currency?
Civeo Corporation is listed on the New York Stock Exchange (NYSE) under the ticker symbol CVEO. The company trades in U.S. dollars (USD), as it is headquartered in the United States. Being listed on the NYSE provides investors with access to a major global exchange, and the use of USD facilitates trading for domestic and international investors.
What sector and industry does Civeo Corporation (CVEO) operate in?
Civeo Corporation operates in the Consumer Cyclical sector, specifically within the Lodging industry. As a lodging company, it provides accommodation and hospitality services, but its focus is on serving the natural resource industry rather than traditional tourism. This means its business is tied to the cyclical nature of oil, gas, and mining activities, which can fluctuate with commodity prices and economic conditions.
Where is Civeo Corporation (CVEO) headquartered and what markets does it serve?
Civeo Corporation is headquartered in Houston, Texas, United States. The company serves the natural resource industry globally, with a focus on oil, mining, engineering, and oilfield and mining service companies. Its operations span various regions where resource extraction occurs, providing workforce accommodation and hospitality services to support remote and temporary work sites. Founded in 1977, Civeo has decades of experience in developing and managing lodges, villages, and mobile assets for workers in the energy and mining sectors.
How does Civeo Corporation (CVEO) make money?
Civeo Corporation generates revenue by providing hospitality services and workforce accommodation to the natural resource industry. Its business model includes developing and operating lodges and villages for long-term projects, as well as deploying mobile assets like modular units for short to medium-term needs. The company earns income from lodging fees, catering, housekeeping, maintenance, and additional services such as laundry, facility management, water treatment, power generation, security, and logistics. It also offers development services, including site selection, permitting, engineering, design, manufacturing, and construction of accommodation facilities. Clients are primarily oil, mining, and engineering companies that require temporary housing for their workers.