---
schema_version: "secwatch.filing_event.v1"
accession: "0001590584-25-000130"
form_type: "8-K"
ticker: "CVEO"
cik: "0001590584"
company_name: "Civeo Corp"
filed_at: "2025-10-31T23:59:59+00:00"
generated_at: "2026-05-17T01:06:48.998325+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Civeo Q3 revenue $170.5M, Adj EBITDA $28.8M (up $10M YoY); repurchased 1.05M shares; tightens FY25 guidance

## Summary
- Australia segment revenue $124.5M (+7% YoY), Adjusted EBITDA $26.7M (+19% YoY) from May acquisition and higher occupancy.
- Canada segment revenue $46.0M (-20% YoY) but gross margin improved to 22.5% from 13.3% via cost cuts (overhead -23%, field costs -29%).
- Full-year 2025 guidance tightened: revenue $640-655M, Adjusted EBITDA $86-91M; capex unchanged at $20-25M.
- Repurchased 1,051,000 shares for $26.2M (~8% of shares outstanding); 69% of current authorization complete.
- Net loss narrowed to $0.5M ($0.04 diluted EPS) from $5.1M loss ($0.36) in Q3 2024; net debt $175.9M, leverage 2.1x.

## SEC filing metadata
- accession: 0001590584-25-000130
- form_type: 8-K
- ticker: CVEO
- cik: 0001590584
- company_name: Civeo Corp
- filed_at: 2025-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590584/000159058425000130/0001590584-25-000130-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590584/000159058425000130/cveo-20251031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001590584-25-000130
- JSON: https://secwatch.observer/filing/0001590584-25-000130.json
- Plain text: https://secwatch.observer/filing/0001590584-25-000130.txt

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