---
schema_version: "secwatch.filing_event.v1"
accession: "0001590584-25-000078"
form_type: "8-K"
ticker: "CVEO"
cik: "0001590584"
company_name: "Civeo Corp"
filed_at: "2025-04-30T23:59:59+00:00"
generated_at: "2026-05-23T02:20:34.995955+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Civeo Q1 revenue falls 13% YoY, net loss widens, cuts 2025 guidance, suspends dividend

## Summary
- Q1 revenue $144M (-13% YoY), net loss $9.8M ($0.72 EPS) vs $5.1M loss a year ago.
- Canada segment revenue down 40% to $40.4M; negative Adjusted EBITDA -$0.2M; headcount cut 25%.
- FY2025 guidance lowered: revenue $620-650M, Adjusted EBITDA $75-85M (prev $80-90M).
- Board suspends quarterly dividend; increases share repurchase authorization to 20% from 10%.
- Australian acquisition of four villages on track for Q2 close; Australia revenue up 13% to $103.6M.

## SEC filing metadata
- accession: 0001590584-25-000078
- form_type: 8-K
- ticker: CVEO
- cik: 0001590584
- company_name: Civeo Corp
- filed_at: 2025-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590584/000159058425000078/0001590584-25-000078-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590584/000159058425000078/cveo-20250430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001590584-25-000078
- JSON: https://secwatch.observer/filing/0001590584-25-000078.json
- Plain text: https://secwatch.observer/filing/0001590584-25-000078.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.