Civeo Corp
For the period ended Dec 31, 2025. Filed Mar 3, 2026.
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FY2025 · Filed Mar 3, 2026
CVEO$35.34-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets at December 31,
| DECEMBER 31, | ||
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $14,439 | $5,204 |
| Accounts receivable, net | 90,470 | 89,038 |
| Inventories | 6,218 | 7,537 |
| Prepaid expenses | 17,209 | 7,464 |
| Other current assets | 2,877 | 1,210 |
| Total current assets | 131,213 | 110,453 |
| Property, plant and equipment, net | 244,517 | 204,897 |
| Goodwill | 7,541 | 7,001 |
| Other intangible assets, net | 70,410 | 66,502 |
| Operating lease right-of-use assets | 14,485 | 9,401 |
| Other noncurrent assets | 9,245 | 6,818 |
| Total assets | $477,411 | $405,072 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $44,282 | $39,971 |
| Accrued liabilities | 30,837 | 34,933 |
| Income taxes | 153 | 10,853 |
| Deferred revenue | 2,903 | 2,501 |
| Other current liabilities | 6,761 | 4,388 |
| Total current liabilities | 84,936 | 92,646 |
| Long-term debt, less current maturities | 182,842 | 43,299 |
| Deferred income taxes | 3,318 | 3,558 |
| Operating lease liabilities | 11,142 | 6,655 |
| Other noncurrent liabilities | 20,789 | 21,916 |
| Total liabilities | 303,027 | 168,074 |
| Commitments and contingencies (Note 14) | ||
| Shareholders’ equity: | ||
| Common shares (no par value; 46,000,000 shares authorized, 11,872,028 shares and 14,067,721 shares issued, respectively, and 11,434,033 shares and 13,653,647 shares outstanding, respectively) | — | — |
| Additional paid-in capital | 1,634,883 | 1,631,823 |
| Accumulated deficit | (1,058,911) | (980,720) |
| Common shares held in treasury at cost, 437,995 and 414,074 shares, respectively | (10,775) | (10,130) |
| Accumulated other comprehensive loss | (390,813) | (404,600) |
| Total Civeo Corporation shareholders’ equity | 174,384 | 236,373 |
| Noncontrolling interest | — | 625 |
| Total shareholders’ equity | 174,384 | 236,998 |
| Total liabilities and shareholders’ equity | $477,411 | $405,072 |
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