---
title: "Civeo Corp 1Q 2026: Revenue $172.67M, EPS ($0.34) — 10-Q Summary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284921891.md"
description: "Civeo Corp reported a revenue of $172.67M for Q1 2026, up 19.9% from $144.04M a year ago. The company experienced a net loss of $3.81M, with a diluted loss per share of $0.34, an improvement from the previous year's loss of $9.84M and $0.72 per share. Growth was driven by an acquisition in Australia and increased Canadian operations, despite rising operating costs due to labor market tightness and inflation. Canadian gross margin improved significantly to 19.4%."
datetime: "2026-05-01T16:41:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284921891.md)
  - [en](https://longbridge.com/en/news/284921891.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284921891.md)
---

# Civeo Corp 1Q 2026: Revenue $172.67M, EPS ($0.34) — 10-Q Summary

Civeo Corp reported first-quarter 2026 results, with revenue rising to $172.67M from $144.04M a year earlier while the company recorded a net loss of ($3.81M) and diluted loss per share of ($0.34), narrower than the prior-year quarter.

**Financial Highlights**

Metric

Current quarter

Prior year quarter

YoY change

Revenue¹

$172.67M

$144.04M

19.9%

Net income²

($3.81M)

($9.84M)

61.3%

Diluted EPS³

($0.34)

($0.72)

52.8%

_¹ Reported as “Revenue”. ² Reported as “Net loss attributable to Civeo Corporation”. ³ Reported as “loss per share attributable to Civeo Corporation common shareholders”._

**Business Highlights**

-   Revenue growth of about 20% was driven by the Australia acquisition and higher Canadian billed rooms.
-   Shift toward integrated services in Australia contributed materially to both revenue and cost increases.
-   Canadian gross margin expanded sharply to 19.4% from 6.8% due to higher occupancy and cost reductions.
-   The 2025 Qantac acquisition added four Bowen Basin villages (1,368 rooms), boosting owned capacity and Australian revenues.
-   Tight Australian labor markets and inflationary fuel and food costs increased operating costs and pressured occupancy outcomes.

Original SEC Filing: Civeo Corp \[ CVEO \] - 10-Q - May. 01, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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