The calculation of basic and diluted earnings per share attributable to Civeo common shareholders is presented below for the periods indicated (in thousands, except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Numerator:
Basic net loss attributable to Civeo Corporation	$	(2,521)	$	(3,314)	$	(6,329)	$	(13,156)
Diluted net loss attributable to Civeo Corporation	$	(2,521)	$	(3,314)	$	(6,329)	$	(13,156)

Denominator:
Weighted average shares outstanding - basic	10,930		13,177		11,025		13,387
Dilutive shares - share-based awards	—		—		—		—
Weighted average shares outstanding - diluted	10,930		13,177		11,025		13,387

Basic net loss per share attributable to Civeo Corporation common shareholders (1)	$	(0.23)	$	(0.25)	$	(0.57)	$	(0.98)

Diluted net loss per share attributable to Civeo Corporation common shareholders (1)	$	(0.23)	$	(0.25)	$	(0.57)	$	(0.98)