v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 20,605 $ 14,439
Accounts receivable, net 109,487 90,470
Inventories 6,633 6,218
Prepaid expenses 20,931 17,209
Other current assets 4,192 2,877
Total current assets 161,848 131,213
Property, plant and equipment, net 223,030 244,517
Goodwill 7,807 7,541
Other intangible assets, net 65,728 70,410
Operating lease right-of-use assets 16,554 14,485
Other noncurrent assets 12,888 9,245
Total assets 487,855 477,411
Current liabilities:    
Accounts payable 42,127 44,282
Accrued liabilities 32,328 30,837
Income taxes payable 38 153
Deferred revenue 4,058 2,903
Other current liabilities 7,238 6,761
Total current liabilities 85,789 84,936
Long-term debt 208,595 182,842
Deferred income taxes 1,760 3,318
Operating lease liabilities 12,909 11,142
Other noncurrent liabilities 19,393 20,789
Total liabilities 328,446 303,027
Shareholders’ Equity:    
Common shares (no par value; 46,000,000 shares authorized, 11,447,340 shares and 11,872,028 shares issued, respectively, and 10,997,156 shares and 11,434,033 shares outstanding, respectively) 0 0
Additional paid-in capital 1,635,733 1,634,883
Accumulated deficit (1,079,880) (1,058,911)
Common shares held in treasury at cost, 450,184 and 437,995 shares, respectively (11,112) (10,775)
Accumulated other comprehensive loss (385,332) (390,813)
Total Civeo Corporation shareholders’ equity 159,409 174,384
Noncontrolling interest 0 0
Total shareholders’ equity 159,409 174,384
Total liabilities and shareholders’ equity $ 487,855 $ 477,411