v3.26.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 24,282 $ 14,439
Accounts receivable, net 122,886 90,470
Inventories 6,927 6,218
Prepaid expenses 18,579 17,209
Other current assets 4,931 2,877
Assets held for sale 1,607 0
Total current assets 179,212 131,213
Property, plant and equipment, net 214,578 244,517
Goodwill 7,890 7,541
Other intangible assets, net 64,499 70,410
Operating lease right-of-use assets 15,381 14,485
Other noncurrent assets 12,063 9,245
Total assets 493,623 477,411
Current liabilities:    
Accounts payable 55,395 44,282
Accrued liabilities 36,640 30,837
Income taxes payable 59 153
Deferred revenue 5,309 2,903
Other current liabilities 7,242 6,761
Total current liabilities 104,645 84,936
Long-term debt, net 212,978 182,842
Deferred income taxes 851 3,318
Operating lease liabilities 12,024 11,142
Other noncurrent liabilities 18,882 20,789
Total liabilities 349,380 303,027
Shareholders’ Equity:    
Common shares (no par value; 46,000,000 shares authorized, 10,787,043 shares and 11,872,028 shares issued, respectively, and 10,336,859 shares and 11,434,033 shares outstanding, respectively) 0 0
Additional paid-in capital 1,636,317 1,634,883
Accumulated deficit (1,097,439) (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 (383,523) (390,813)
Total Civeo Corporation shareholders’ equity 144,243 174,384
Noncontrolling interest 0 0
Total shareholders’ equity 144,243 174,384
Total liabilities and shareholders’ equity $ 493,623 $ 477,411