CVEO on NYSE

Civeo Corporation

Logo: https://www.topdraw.com/case-studies/civeo-360-virtual-tours/, Non-free logo, via Wikipedia4

American accommodation services corporation

The Civeo Corporation is an American accommodation services multinational corporation. It is a spin-off of Oil States International.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 18, 2026.

Overview

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  • TickerCVEO on NYSE1
  • Industrypetroleum industry1
  • HeadquartersHouston1
  • Websiteciveo.com
  • Incorporated inBritish Columbia, Canada5
  • Business addressThree Allen Center, 333 Clay Street, Suite 4400, Houston, Tx 770025
  • Filer categoryAccelerated filer5

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The Civeo Corporation is an American accommodation services multinational corporation. It is a spin-off of Oil States International. It is a public company listed on the New York Stock Exchange.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

23.7%Gross margin7
0.6%Operating margin7
-3.1%Net margin7
-6.3%Revenue growth, 20257
-11.5%Return on equity7
1.05×Debt to equity7
$2.1MFree cash flow7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Australia brought in 72% of the revenue Civeo Corporation broke down this way in fiscal 2025.

  1. Australia$460.3M772%up 8% from 2024
  2. Canada$178.6M728%down 27% from 2024
Business segments by year
Business segments202320242025
Australia$336.8M$427.0M$460.3M
Canada$352.8M$245.1M$178.6M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue76¢$487.8M
  • Selling, general and admin12¢$75.3M
  • Other costs10¢$62.1M
  • Income tax2¢$13.6M

Out of $638.8M in revenue.7 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending26¢$20.2M
  • Dividends paid4¢$3.4M
  • Share buybacks69¢$53.6M

Out of $22.3M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.7

Financial statements

Revenue8910117$638.8M in 2025+21% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $527.6M$527.6M20192020: $529.7M$529.7M2020+0%2021: $594.5M$594.5M2021+12%2022: $697.1M$697.1M2022+17%2023: $700.8M$700.8M2023+1%2024: $682.1M$682.1M2024−3%2025: $638.8M$638.8M2025−6%
Gross profit117$151.1M in 2025−16% since 2022
0$50.0M$100.0M$150.0M$200.0M2022: $180.0M$180.0M20222023: $170.5M$170.5M2023−5%2024: $149.5M$149.5M2024−12%2025: $151.1M$151.1M2025+1%
Operating income8910117$4.1M in 2025
-$150.0M-$100.0M-$50.0M0$50.0M2019: -$49.1M-$49.1M20192020: -$147.2M-$147.2M2020+200%2021: $6.1M$6.1M20212022: $17.0M$17.0M2022+181%2023: $39.5M$39.5M2023+132%2024: $1.3M$1.3M2024−97%2025: $4.1M$4.1M2025+209%
Net income8910117-$20.1M in 2025−66% since 2019
-$150.0M-$100.0M-$50.0M0$50.0M2019: -$58.5M-$58.5M20192020: -$134.2M-$134.2M2020+130%2021: $1.4M$1.4M20212022: $4.0M$4.0M2022+196%2023: $30.2M$30.2M2023+654%2024: -$17.1M-$17.1M20242025: -$20.1M-$20.1M2025+18%

Every line of the income statement as filed: the last 3 fiscal years, latest first.7

Period ending2025-12-312024-12-312023-12-31
Total revenues$638.8M$682.1M$700.8M
Cost of services provided$487.8M$532.7M$530.3M
Selling, general and administrative expenses$75.3M$73.3M$72.6M
Depreciation and amortization expense$72.6M$68.0M$75.1M
Impairment expense$0$11.6M$1.4M
Gain on sale of McClelland Lake Lodge assets, net$0-$5.7M-$18.6M
Other operating (income) expense-$987.0K$898.0K$479.0K
Total costs and expenses$634.7M$680.8M$661.3M
Operating income$4.1M$1.3M$39.5M
Interest expense-$11.4M-$8.0M-$13.2M
Interest income$164.0K$187.0K$172.0K
Other income$683.0K$517.0K$13.9M
Income (loss) before income taxes-$6.5M-$5.9M$40.4M
Income tax expense-$13.6M-$12.5M-$10.6M
Net income (loss)-$20.1M-$18.4M$29.7M
Less: Net loss attributable to noncontrolling interest-$5.0K-$1.4M-$427.0K
Net income (loss) attributable to Civeo Corporation-$20.1M-$17.1M$30.2M
Basic net income (loss) per share attributable to Civeo Corporation common shareholders (in dollars per share)-$1.59-$1.19$2.02
Diluted net income (loss) per share attributable to Civeo Corporation common shareholders (in dollars per share)-$1.59-$1.19$2.01
Basic (in shares)12.6M shares14.3M shares14.9M shares
Diluted (in shares)12.6M shares14.3M shares15.0M shares

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The story

The company is a spin-off from Oil States International, an oil and gas American corporation and public company also listed on the New York Stock Exchange (NYSE).

Its IPO at US$23.23 was on June 2, 2014, when it joined the New York Stock Exchange. It trades as "CVEO". Prior to the transaction, on May 30, 2014, Oil States International shareholders received two shares of Civeo common stock for each Oil States International common stock they held.

From Wikipedia’s article on Civeo Corporation, shared under CC BY-SA 4.0.6

Leadership

Who has led Civeo Corporation, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Bradley J. Dodson2014–now

President

  1. Bradley J. Dodson2014–2019
  2. Allan Schoening2019
  3. Andrew Fraser2024–now

Chief financial officer

  1. Frank Steininger2019
  2. Carolyn J. Stone2020–2024
  3. Elbridge Collin Gerry2024–now
201520202025
Board members and other officers (26)

Former names

  • OIS Accommodations SpinCo Inc.Dec 12, 2013 to Mar 18, 20145

Timeline

  1. Feb 22, 2018Founded Civeo Corporation is founded46
  2. May 8, 2014New chief executive Bradley J. Dodson becomes CEO15

Filings

305 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 45 major events, 171 insider forms, 47 large holders, 22 other. The latest 20:

  1. Aug 25, 2026SCHEDULE 13D/A EDGAR
  2. Aug 20, 20264 EDGAR
  3. Aug 14, 2026SCHEDULE 13G/A EDGAR
  4. Jul 30, 202610-Q EDGAR
  5. Jul 30, 20268-K EDGAR
  6. Jul 8, 20268-K EDGAR
  7. Jul 2, 20268-K EDGAR
  8. Jun 15, 2026SCHEDULE 13D/A EDGAR
  9. May 28, 20264 EDGAR
  10. May 27, 20264 EDGAR
  11. May 27, 20264 EDGAR
  12. May 27, 20268-K EDGAR
  13. May 27, 20264 EDGAR
  14. May 27, 20264 EDGAR
  15. May 27, 20264 EDGAR
  16. May 27, 20264 EDGAR
  17. May 27, 20264 EDGAR
  18. May 27, 20264 EDGAR
  19. May 1, 202610-Q EDGAR
  20. May 1, 20268-K EDGAR

The 305 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 47 such filings since October 2021, the latest 10:

  1. Aug 25, 2026SCHEDULE 13D/A
  2. Aug 14, 2026SCHEDULE 13G/A
  3. Jun 15, 2026SCHEDULE 13D/A
  4. May 1, 2026SCHEDULE 13G
  5. Feb 18, 2026SCHEDULE 13D/A
  6. Jan 28, 2026SCHEDULE 13G/A
  7. Jan 21, 2026SCHEDULE 13G
  8. Dec 1, 2025SCHEDULE 13D/A
  9. Nov 13, 2025SCHEDULE 13G/A
  10. Aug 5, 2025SCHEDULE 13G

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 94. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Horizon Kinetics Asset Management LLC2,290,991$80.2M0.9%−61,362
Tcw Group Inc741,045$25.9M0.2%−105,600
Engine Capital Management, LP686,315$24.0M2.3%−188,161
Dimensional Fund Advisors LP647,986$22.7M0.0%+8,714
American Century Companies Inc640,269$22.4M0.0%+78,435
BlackRock, Inc.576,713$20.2M0.0%+573,733
Renaissance Technologies LLC471,532$16.5M0.0%−30,200
Prescott Group Capital Management, L.L.C.306,334$10.7M0.9%No change
Bastion Asset Management Inc.216,898$7.2M2.4%New
Boston Partners202,968$7.1M0.0%+34,945
Jb Capital Partners LP194,353$6.8M1.1%+603
Bridgeway Capital Management, LLC145,484$5.1M0.1%−23,608
Punch & Associates Investment Management, Inc.145,000$5.1M0.3%−13,260
Geode Capital Management, LLC139,519$4.9M0.0%New
Charles Schwab Investment Management Inc129,217$4.5M0.0%−27,263
Ci Investments Inc.125,500$4.4M0.0%New
Two Sigma Investments, LP112,938$4.0M0.0%−3,634
State Street Corp97,485$3.4M0.0%+88,088
Mill Road Capital Management LLC93,138$3.3M1.6%−8,600
Empowered Funds, LLC89,752$3.1M0.0%+1,592
Vanguard Portfolio Management LLC81,504$2.9M0.0%+69,731
Goldman Sachs Group Inc81,178$2.8M0.0%−130,841
Penn Capital Management Company, LLC67,572$2.4M0.2%New
Sei Investments Co62,489$2.2M0.0%−8,998
Arrowstreet Capital, Limited Partnership62,197$2.2M0.0%−64,281

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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