0001590584-26-000094 | 10-Q | XBRL Viewer

EARNINGS PER SHARE - Narrative (Details) - shares	3 Months Ended		9 Months Ended
EARNINGS PER SHARE - Narrative (Details) - shares	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Convertible Notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Share-based awards (in shares)	2,600,000	0	900,000	0
Share-based awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Share-based awards (in shares)	100,000	100,000	100,000	100,000

EARNINGS PER SHARE - Calculation of Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Numerator:
Basic net income (loss) attributable to Civeo Corporation common shareholders	$ 5,179	$ (455)	$ (1,150)	$ (13,611)
Add: Tax adjusted interest expense related to the Convertible Notes	0	0	0	0
Diluted net income (loss) attributable to Civeo Corporation common shareholders	$ 5,179	$ (455)	$ (1,150)	$ (13,611)
Denominator:
Weighted average number of common shares outstanding - basic (in shares)	10,357	12,395	10,800	13,053
Dilutive shares - share-based awards (in shares)	22	0	0	0
Dilutive shares - Convertible Notes (in shares)	0	0	0	0
Weighted average number of common shares outstanding - diluted (in shares)	10,379	12,395	10,800	13,053
Basic net income (loss) per share attributable to Civeo Corporation common shareholders (in dollars per share)	$ 0.50	$ (0.04)	$ (0.11)	$ (1.04)
Diluted net income (loss) per share attributable to Civeo Corporation common shareholders (in dollars per share)	$ 0.50	$ (0.04)	$ (0.11)	$ (1.04)

INCOME TAXES (Details) $ in Thousands	3 Months Ended		9 Months Ended
INCOME TAXES (Details) $ in Thousands	Sep. 30, 2026 USD ($) jurisdiction	Sep. 30, 2025 USD ($)	Sep. 30, 2026 USD ($) jurisdiction	Sep. 30, 2025 USD ($)
Schedule of Income Taxes [Line Items]
Number of tax jurisdictions \| jurisdiction	3		3
Income tax expense \| $	$ 3,879	$ 4,038	$ 10,545	$ 10,732
Income tax expense, percent of pretax income (loss)	42.80%	112.70%	112.10%	(372.00%)
Minimum
Schedule of Income Taxes [Line Items]
Statutory tax rate, Canada, Australia and the U.S.	15.00%		15.00%
Maximum
Schedule of Income Taxes [Line Items]
Statutory tax rate, Canada, Australia and the U.S.	30.00%		30.00%

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

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DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION - (Details)	9 Months Ended
	Sep. 30, 2026 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	2

COMMITMENTS AND CONTINGENCIES	9 Months Ended
COMMITMENTS AND CONTINGENCIES	Sep. 30, 2026
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES We are a party to various pending or threatened claims, lawsuits and administrative proceedings seeking damages or other remedies concerning our commercial operations, products, employees and other matters, including warranty and product liability claims as a result of our products or operations. Although we can give no assurance about the outcome of pending legal and administrative proceedings and the effect such outcomes may have on us, management believes that any ultimate liability resulting from the outcome of such proceedings, to the extent not otherwise provided for or covered by insurance, will not have a material adverse effect on our consolidated financial position, results of operations or liquidity.

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Thousands	Sep. 30, 2026	Jul. 07, 2026	Dec. 31, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total long-term debt, net	$ 212,978		$ 182,842
Convertible Senior Notes due 2031
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument, interest rate, stated percentage	4.50%
Long term debt, gross	$ 115,000		$ 0
Total long-term debt, net	110,400
Long-term debt, fair value	$ 121,500
Convertible Senior Notes due 2031 \| Convertible Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument, interest rate, stated percentage		4.50%

- Definition

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

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ACCUMULATED OTHER COMPREHENSIVE LOSS	9 Months Ended
ACCUMULATED OTHER COMPREHENSIVE LOSS	Sep. 30, 2026
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	ACCUMULATED OTHER COMPREHENSIVE LOSS Our accumulated other comprehensive loss decreased $7.3 million from $390.8 million at December 31, 2025 to $383.5 million at September 30, 2026, as a result of foreign currency exchange rate fluctuations. Changes in other comprehensive loss during the nine months of 2026 were primarily driven by the Australian dollar increasing in value compared to the U.S. dollar and the Canadian dollar decreasing in value compared to the U.S. dollar. Excluding intercompany balances, our Australian dollar functional currency net assets totaled approximately A$245 million and our Canadian dollar functional currency net liabilities totaled approximately C$57 million at September 30, 2026.

UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Shares	Additional Paid-in Capital	Accumulated Deficit	Treasury Shares	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interest
Beginning balance at Dec. 31, 2024	$ 236,998	$ 0	$ 1,631,823	$ (980,720)	$ (10,130)	$ (404,600)	$ 625
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(13,617)			(13,611)			(6)
Currency translation adjustment	11,264					11,263	1
Dividends paid	(4,057)			(3,437)			(620)
Common shares repurchased	(48,684)			(48,684)
Excise tax on common shares repurchased	(973)			(973)
Share-based compensation	1,615		2,260		(645)
Ending balance at Sep. 30, 2025	$ 182,546	0	1,634,083	(1,047,425)	(10,775)	(393,337)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common shares repurchased (in shares)	(2,087,500)
Beginning balance at Jun. 30, 2025	$ 209,438	0	1,633,022	(1,020,236)	(10,775)	(392,573)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(456)			(455)			(1)
Currency translation adjustment	(764)					(764)
Dividends paid	1						1
Common shares repurchased	(26,210)			(26,210)
Excise tax on common shares repurchased	(524)			(524)
Share-based compensation	1,061		1,061
Ending balance at Sep. 30, 2025	$ 182,546	0	1,634,083	(1,047,425)	(10,775)	(393,337)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common shares repurchased (in shares)	(1,051,000)
Beginning balance at Dec. 31, 2025	$ 174,384	0	1,634,883	(1,058,911)	(10,775)	(390,813)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(1,137)			(1,150)			13
Currency translation adjustment	7,290					7,290
Dividends paid	(13)						(13)
Common shares repurchased	(36,645)			(36,645)
Excise tax on common shares repurchased	(733)			(733)
Share-based compensation	1,097		1,434		(337)
Ending balance at Sep. 30, 2026	$ 144,243	$ 0	1,636,317	(1,097,439)	(11,112)	(383,523)	0
Common stock, beginning balance (in shares) at Dec. 31, 2025	11,434,033	11,434,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation (in shares)		74,000
Common shares repurchased (in shares)	(1,171,300)	(1,171,000)
Common stock, ending balance (in shares) at Sep. 30, 2026	10,336,859	10,337,000
Beginning balance at Jun. 30, 2026	$ 159,409	$ 0	1,635,733	(1,079,880)	(11,112)	(385,332)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	5,183			5,179			4
Currency translation adjustment	1,809					1,809
Dividends paid	(4)						(4)
Common shares repurchased	(22,292)			(22,292)
Excise tax on common shares repurchased	(446)			(446)
Share-based compensation	584		584
Ending balance at Sep. 30, 2026	$ 144,243	$ 0	$ 1,636,317	$ (1,097,439)	$ (11,112)	$ (383,523)	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common shares repurchased (in shares)	(660,300)
Common stock, ending balance (in shares) at Sep. 30, 2026	10,336,859	10,337,000

ASSET ACQUISITION - Schedule of Purchase Price Allocation (Details) - May 06, 2025 - Qantac Pty Ltd $ in Thousands, $ in Millions	USD ($)	AUD ($)
Asset Acquisition [Line Items]
Cash	$ 68,189	$ 105
Direct transaction costs	4,601
Total costs of the asset acquisition	72,790
Other current assets	184
Property, plant and equipment	70,575
Intangible assets	5,999
Total assets acquired	76,758
Accounts payable and accrued liabilities	67
Deferred income taxes	3,901
Total liabilities assumed	3,968
Net assets acquired	$ 72,790

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	9 Months Ended
DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	Sep. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Description of the Business We provide hospitality services to remote workforces in Australia and Canada, including catering and food service, lodging, housekeeping and maintenance at accommodation facilities that we or our customers own. We provide services that support the day-to-day operations of these facilities, such as laundry, facility management and maintenance, water and wastewater treatment, power generation, communication systems, security and logistics. We also manage development activities for workforce accommodation facilities, including site selection, permitting, engineering and design and manufacturing and site construction management, along with providing hospitality services once the facility is constructed. We primarily operate in some of the world’s most active metallurgical (met) coal, oil, iron ore and liquefied natural gas (LNG) producing regions, and our customers include mining companies, major and independent oil companies, construction and engineering companies and oilfield and mining service companies. We operate in two principal reportable business segments – Australia and Canada. Basis of Presentation Unless otherwise stated or the context otherwise indicates: (i) all references in these consolidated financial statements to “Civeo,” “us,” “our” or “we” refer to Civeo Corporation and its consolidated subsidiaries; and (ii) all references in this report to “dollars” or “$” are to United States (U.S.) dollars. Certain reclassifications have been made to the prior year financial statements for them to conform with the 2026 presentation. The accompanying unaudited consolidated financial statements of Civeo have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the SEC) pertaining to interim financial information. Certain information in footnote disclosures normally included in financial statements prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP) has been condensed or omitted pursuant to those rules and regulations. The unaudited consolidated financial statements included in this report reflect all the adjustments, consisting of normal recurring adjustments, which Civeo considers necessary for a fair presentation of the results of operations for the interim periods covered and for the financial condition of Civeo at the date of the interim balance sheet. Results for the interim periods are not necessarily indicative of results for the full year. The preparation of consolidated financial statements in conformity with GAAP requires the use of estimates and assumptions by management in determining the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. If the underlying estimates and assumptions upon which the financial statements are based change in future periods, actual amounts may differ from those included in the accompanying consolidated financial statements. The unaudited consolidated financial statements included in this report should be read in conjunction with our audited consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended December 31, 2025.

REVENUE - Narrative (Details)	9 Months Ended
REVENUE - Narrative (Details)	Sep. 30, 2026 segment
Disaggregation of Revenue [Line Items]
Number of reportable segments	2
Minimum
Disaggregation of Revenue [Line Items]
Contract with customer, payment terms	30 days
Maximum
Disaggregation of Revenue [Line Items]
Contract with customer, payment terms	60 days

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025
Cash flows from operating activities:
Net income (loss)	$ (1,137)	$ (13,617)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	49,349	54,092
Deferred income tax benefit	(2,642)	(3,349)
Non-cash compensation charge	1,434	2,260
Gains on disposals of assets	(1,736)	(1,343)
Provision for credit losses, net of recoveries	737	175
Other, net	2,335	1,214
Changes in operating assets and liabilities:
Accounts receivable	(31,711)	(11,411)
Inventories	(599)	2,041
Accounts payable and accrued liabilities	17,204	(824)
Taxes payable	2,613	(13,905)
Other current and noncurrent assets and liabilities, net	(7,530)	(12,261)
Net cash flows provided by operating activities	28,317	3,072
Cash flows from investing activities:
Capital expenditures	(13,241)	(15,380)
Payments related to acquisitions	0	(72,002)
Proceeds from dispositions of property, plant and equipment	2,626	1,433
Net cash flows used in investing activities	(10,615)	(85,949)
Cash flows from financing activities:
Revolving credit borrowings	505,005	303,418
Revolving credit repayments	(582,396)	(162,621)
Convertible note borrowings	115,000	0
Debt issuance costs	(8,211)	(423)
Dividends paid	0	(3,437)
Repurchases of common shares	(36,645)	(48,684)
Taxes paid on vested shares	(337)	(645)
Net cash flows provided by (used in) financing activities	(7,584)	87,608
Effect of exchange rate changes on cash	(275)	2,068
Net change in cash and cash equivalents	9,843	6,799
Cash and cash equivalents, beginning of period	14,439	5,204
Cash and cash equivalents, end of period	$ 24,282	$ 12,003

REVENUE (Tables)

9 Months Ended

Sep. 30, 2026

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table disaggregates our revenue by our two reportable segments (Australia and Canada) into major categories for the periods indicated (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Australia
Accommodation and associated services revenues	$	56,463	$	58,405	$	169,642	$	157,910
Integrated services and other services revenues	73,053		66,055		208,338		182,868
Total Australia revenues	129,516		124,460		377,980		340,778

Canada
Accommodation and associated services revenues	$	50,599	$	38,684	$	137,815	$	114,710
Mobile facility rental and associated services revenues	1,195		393		2,600		1,046
Integrated services and other services revenues	11,791		6,954		27,390		20,695
Total Canada revenues	63,585		46,031		167,805		136,451





Total revenues	$	193,101	$	170,491	$	545,785	$	477,229

Schedule of Estimated Revenues Related To Performance Obligations

The table only includes revenue expected to be recognized from contracts where the quantity of service is certain (in thousands):


	For the years ending December 31,
	2026		2027		2028		Thereafter		Total
Revenue expected to be recognized as of September 30, 2026	$	48,022	$	151,476	$	88,751	$	197,784	$	486,033

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 30, 2026
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION (Policies)	9 Months Ended
	Sep. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Unless otherwise stated or the context otherwise indicates: (i) all references in these consolidated financial statements to “Civeo,” “us,” “our” or “we” refer to Civeo Corporation and its consolidated subsidiaries; and (ii) all references in this report to “dollars” or “$” are to United States (U.S.) dollars. Certain reclassifications have been made to the prior year financial statements for them to conform with the 2026 presentation. The accompanying unaudited consolidated financial statements of Civeo have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the SEC) pertaining to interim financial information. Certain information in footnote disclosures normally included in financial statements prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP) has been condensed or omitted pursuant to those rules and regulations. The unaudited consolidated financial statements included in this report reflect all the adjustments, consisting of normal recurring adjustments, which Civeo considers necessary for a fair presentation of the results of operations for the interim periods covered and for the financial condition of Civeo at the date of the interim balance sheet. Results for the interim periods are not necessarily indicative of results for the full year. The preparation of consolidated financial statements in conformity with GAAP requires the use of estimates and assumptions by management in determining the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. If the underlying estimates and assumptions upon which the financial statements are based change in future periods, actual amounts may differ from those included in the accompanying consolidated financial statements. The unaudited consolidated financial statements included in this report should be read in conjunction with our audited consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended December 31, 2025.

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2026	Dec. 31, 2025
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	46,000,000	46,000,000
Common stock, shares issued (in shares)	10,787,043	11,872,028
Common stock, shares outstanding (in shares)	10,336,859	11,434,033
Treasury shares (in shares)	450,184	437,995

- Definition

Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.

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+ Details

SEGMENT AND RELATED INFORMATION - Financial Information by Business Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025	Dec. 31, 2025
Segment Reporting [Line Items]
Revenue	$ 193,101	$ 170,491	$ 545,785	$ 477,229
Cost of sales and services	146,814	126,704	417,931	362,850
Revenues less cost of sales and services	46,287	43,787	127,854	114,379
Selling, general and administrative expenses	18,604	18,107	59,078	56,762
Depreciation and amortization expense	15,714	20,012	49,349	54,092
Other operating expense (income)	(1,331)	(1,298)	(2,088)	(725)
Operating income	13,300	6,966	21,515	4,250
Other loss	(4,238)	(3,384)	(12,107)	(7,135)
Income (loss) before income taxes	9,062	3,582	9,408	(2,885)
Capital expenditures	5,395	5,611	13,241	15,380
Total assets	493,623	491,067	493,623	491,067	$ 477,411
Australia
Segment Reporting [Line Items]
Revenue	129,516	124,460	377,980	340,778
Canada
Segment Reporting [Line Items]
Revenue	63,585	46,031	167,805	136,451
Operating segments \| Australia
Segment Reporting [Line Items]
Revenue	129,516	124,460	377,980	340,778
Cost of sales and services	97,595	91,024	284,177	250,221
Revenues less cost of sales and services	31,921	33,436	93,803	90,557
Selling, general and administrative expenses	8,919	8,521	26,880	24,487
Depreciation and amortization expense	8,420	9,929	26,450	26,783
Other operating expense (income)	(178)	(363)	(603)	(432)
Operating income	14,760	15,349	41,076	39,719
Capital expenditures	3,732	4,786	7,854	10,182
Total assets	274,417	278,736	274,417	278,736
Operating segments \| Canada
Segment Reporting [Line Items]
Revenue	63,585	46,031	167,805	136,451
Cost of sales and services	49,181	35,660	133,466	112,342
Revenues less cost of sales and services	14,404	10,371	34,339	24,109
Selling, general and administrative expenses	4,759	4,213	15,658	13,784
Depreciation and amortization expense	7,293	10,057	22,857	27,228
Other operating expense (income)	(1,446)	(1,072)	(1,916)	(990)
Operating income	3,798	(2,827)	(2,260)	(15,913)
Capital expenditures	1,585	825	3,503	5,198
Total assets	192,170	198,884	192,170	198,884
Corporate, other and eliminations \| Corporate, other and eliminations
Segment Reporting [Line Items]
Revenue	0	0	0	0
Cost of sales and services	38	20	288	287
Revenues less cost of sales and services	(38)	(20)	(288)	(287)
Selling, general and administrative expenses	4,926	5,373	16,540	18,491
Depreciation and amortization expense	1	26	42	81
Other operating expense (income)	293	137	431	697
Operating income	(5,258)	(5,556)	(17,301)	(19,556)
Capital expenditures	78	0	1,884	0
Total assets	$ 27,036	$ 13,447	$ 27,036	$ 13,447

ASSET ACQUISITION - Narrative (Details) - Qantac Pty Ltd $ in Thousands, $ in Millions	May 06, 2025 USD ($) village room	May 06, 2025 AUD ($) village room
Asset Acquisition [Line Items]
Cash	$ 68,189	$ 105
Number of villages \| village	4	4
Number of rooms \| room	1,368	1,368

FAIR VALUE MEASUREMENTS	9 Months Ended
FAIR VALUE MEASUREMENTS	Sep. 30, 2026
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Our financial instruments consist of cash and cash equivalents, receivables, payables and debt instruments. We believe that the carrying values of these instruments on the accompanying consolidated balance sheets approximate their fair values. As of September 30, 2026 and December 31, 2025, we believe the carrying value of our floating-rate debt outstanding under our revolving credit facilities approximates fair value because the terms include short-term interest rates and exclude penalties for prepayment. We estimated the fair value of our floating-rate revolving credit facilities using significant other observable inputs, representative of a Level 2 fair value measurement, including terms and credit spreads for these loans. As of September 30, 2026, the outstanding principal amount of the 4.50% Convertible Senior Notes due 2031 (Convertible Notes) was $115.0 million, and the net carrying value was $110.4 million after deducting unamortized debt issuance costs. The estimated fair value was $121.5 million as of September 30, 2026, based on observable market-based pricing information obtained from a third-party service and is classified as Level 2 within the fair value hierarchy. During the second quarter of 2025, we acquired accommodation assets, land and customer contracts and recorded them at fair value. Determining the fair value of assets acquired and liabilities assumed required the exercise of judgment, which included the use of a multi-period excess earnings income approach to determine the fair value of the customer relationships. Specifically, the fair value of the customer relationships was determined by calculating the present value of expected cash flows by applying a discount rate that represents the estimated rate that market participants would require for such intangible assets. The expected cash flows and related discount rate are significant unobservable inputs categorized within Level 3 of the fair value hierarchy. The cash flows employed in the valuation are based on our best estimates of future sales, earnings and cash flows after considering factors such as general market conditions, expected future customer orders, contracts with suppliers, labor costs, changes in working capital, long-term business plans and recent operating performance.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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+ Details

SHARE REPURCHASE PROGRAMS - Schedule of Common Stock Repurchases (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
	Jul. 14, 2026	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Equity [Abstract]
Dollar-value of shares repurchased	$ 22,300	$ 22,292	$ 26,210	$ 36,645	$ 48,684
Shares repurchased (in shares)	660,297	660,300	1,051,000	1,171,300	2,087,500
Average price paid per share (in dollars per share)		$ 33.76	$ 24.93	$ 31.27	$ 23.30

- Definition

Number of shares that have been repurchased during the period and are being held in treasury.

+ References

+ Details

- Definition

Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method.

+ References + Details

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS - Narrative (Details) $ in Millions	9 Months Ended
	Sep. 30, 2026 USD ($)
Balance Sheet Related Disclosures [Abstract]
Assets held for sale	$ 1.6
Integrated services contract, term	6 years

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS (Tables)

9 Months Ended

Sep. 30, 2026

Balance Sheet Related Disclosures [Abstract]

Schedule of Accounts Receivable

Additional information regarding selected balance sheet accounts at September 30, 2026 and December 31, 2025 is presented below (in thousands):


	September 30, 2026		December 31, 2025
Accounts receivable, net:
Trade	$	93,557	$	70,646
Unbilled revenue	24,077		15,273
Other	6,229		4,787
Total accounts receivable	123,863		90,706
Allowance for credit losses	(977)		(236)
Total accounts receivable, net	$	122,886	$	90,470

Schedule of Inventories


	September 30, 2026		December 31, 2025
Inventories:
Finished goods, including purchased food, housekeeping and retail inventory	$	5,047	$	4,486

Raw materials	1,880		1,732
Total inventories	$	6,927	$	6,218

Schedule of Property, Plant and Equipment


	Estimated Useful Life (in years)			September 30, 2026		December 31, 2025
Property, plant and equipment, net:
Land				$	29,808	$	29,476
Accommodations assets	3	—	15	1,387,664		1,410,965
Buildings and leasehold improvements	6	—	40	14,343		13,817
Machinery and equipment	4	—	7	14,994		15,047
Office furniture and equipment	3	—	7	72,055		69,623
Vehicles	3	—	5	8,632		8,309
Construction in progress				5,091		1,694
Total property, plant and equipment				1,532,587		1,548,931
Accumulated depreciation				(1,318,009)		(1,304,414)
Total property, plant and equipment, net				$	214,578	$	244,517

Schedule of Accrued Liabilities


	September 30, 2026		December 31, 2025
Accrued liabilities:
Accrued compensation	$	29,369	$	24,682
Accrued taxes, other than income taxes	4,927		3,873
Accrued interest	1,366		597
Other	978		1,685
Total accrued liabilities	$	36,640	$	30,837

Schedule of Contract Asset and Deferred Revenue


	September 30, 2026		December 31, 2025
Contract assets:
Current contract assets (1)	$	1,141	$	1,363
Noncurrent contract assets (1)	3,706		2,725
Total contract assets	$	4,847	$	4,088

Contract liabilities (Deferred revenue):
Current contract liabilities (2)	$	5,309	$	2,903
Noncurrent contract liabilities (2)	1,022		2,908
Total contract liabilities (Deferred revenue)	$	6,331	$	5,811

(1)Current contract assets and Noncurrent contract assets are included in "Other current assets" and "Other noncurrent assets," respectively, in our unaudited consolidated balance sheets.

(2)Current contract liabilities and Noncurrent contract liabilities are included in "Deferred revenue" and "Other noncurrent liabilities," respectively, in our unaudited consolidated balance sheets.

Cover - shares	9 Months Ended
Cover - shares	Sep. 30, 2026	Oct. 26, 2026
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2026
Document Transition Report	false
Entity File Number	001-36246
Entity Registrant Name	Civeo Corp
Entity Incorporation, State or Country Code	A1
Entity Tax Identification Number	98-1253716
Entity Address, Address Line One	Three Allen Center
Entity Address, Address Line Two	333 Clay Street
Entity Address, Address Line Three	Suite 4400
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77002
City Area Code	713
Local Phone Number	510-2400
Title of 12(b) Security	Common Shares, no par value
Trading Symbol	CVEO
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		10,336,859
Entity Central Index Key	0001590584
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2026
Document Fiscal Period Focus	Q3
Amendment Flag	false

REVENUE - Schedule of Estimated Revenues Related To Performance Obligations (Details) $ in Thousands	Sep. 30, 2026 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized as of September 30, 2026	$ 486,033
Revenue, remaining performance obligation, expected timing of satisfaction, start date [Axis]: 2026-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized as of September 30, 2026	$ 48,022
Revenue expected to be recognized period	3 months
Revenue, remaining performance obligation, expected timing of satisfaction, start date [Axis]: 2027-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized as of September 30, 2026	$ 151,476
Revenue expected to be recognized period	1 year
Revenue, remaining performance obligation, expected timing of satisfaction, start date [Axis]: 2028-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized as of September 30, 2026	$ 88,751
Revenue expected to be recognized period	1 year
Revenue, remaining performance obligation, expected timing of satisfaction, start date [Axis]: 2029-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized as of September 30, 2026	$ 197,784
Revenue expected to be recognized period	1 year

REVENUE - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Disaggregation of Revenue [Line Items]
Total revenues	$ 193,101	$ 170,491	$ 545,785	$ 477,229
Australia
Disaggregation of Revenue [Line Items]
Total revenues	129,516	124,460	377,980	340,778
Australia \| Accommodation and associated services revenues
Disaggregation of Revenue [Line Items]
Total revenues	56,463	58,405	169,642	157,910
Australia \| Integrated services and other services revenues
Disaggregation of Revenue [Line Items]
Total revenues	73,053	66,055	208,338	182,868
Canada
Disaggregation of Revenue [Line Items]
Total revenues	63,585	46,031	167,805	136,451
Canada \| Accommodation and associated services revenues
Disaggregation of Revenue [Line Items]
Total revenues	50,599	38,684	137,815	114,710
Canada \| Integrated services and other services revenues
Disaggregation of Revenue [Line Items]
Total revenues	11,791	6,954	27,390	20,695
Canada \| Mobile facility rental and associated services revenues
Disaggregation of Revenue [Line Items]
Total revenues	$ 1,195	$ 393	$ 2,600	$ 1,046

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

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UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 5,183	$ (456)	$ (1,137)	$ (13,617)
Other comprehensive income (loss), net of taxes:
Foreign currency translation adjustment, net of zero taxes	1,809	(764)	7,290	11,264
Total other comprehensive income (loss), net of taxes	1,809	(764)	7,290	11,264
Comprehensive income (loss)	6,992	(1,220)	6,153	(2,353)
Less: Comprehensive income (loss) attributable to noncontrolling interest	4	(1)	13	(5)
Comprehensive income (loss) attributable to Civeo Corporation	$ 6,988	$ (1,219)	$ 6,140	$ (2,348)

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+ Details

DEBT

9 Months Ended

Sep. 30, 2026

Debt Disclosure [Abstract]

DEBT

As of September 30, 2026 and December 31, 2025, long-term debt consisted of the following (in thousands):



	September 30, 2026		December 31, 2025
Credit Agreement
U.S. revolving credit facility; weighted average interest rate of 9.0% for the nine month period ended September 30, 2026	$	—	$	—

Canadian revolving credit facility; weighted average interest rate of 6.0% for the nine month period ended September 30, 2026	62,727		132,787

Australian revolving credit facility; weighted average interest rate of 7.3% for the nine month period ended September 30, 2026	39,803		50,055

4.50% Convertible Senior Notes due 2031	115,000		—
Total debt	217,530		182,842

Less: Unamortized debt issuance costs	4,552		—

Total long-term debt, net	$	212,978	$	182,842

Credit Agreement

On April 23, 2026, our Syndicated Facility Agreement was amended and restated (as amended and restated from time to time, the Amended Credit Agreement) to, among other things: (i) provide for an increase by $20.0 million of the aggregate revolving loan commitments under the Amended Credit Agreement, to an aggregate maximum principal amount of $285.0 million; (ii) extend the maturity from August 8, 2028 to April 23, 2030; and (iii) provide for other technical changes and amendments to the Amended Credit Agreement.

As of September 30, 2026, the Amended Credit Agreement provided for a $285.0 million revolving credit facility scheduled to mature on April 23, 2030, allocated as follows: (A) a $10.0 million senior secured revolving credit facility in favor of certain of our U.S. subsidiaries, as borrowers (the U.S. facility); (B) a $205.0 million senior secured revolving credit facility in favor of Civeo, as borrower (the Canadian facility); and (C) a $70.0 million senior secured revolving credit facility in favor of one of our Australian subsidiaries, as borrower (the Australian facility).

U.S. dollar amounts outstanding under the facilities provided by the Amended Credit Agreement bear interest at a variable rate equal to Adjusted Term Secured Overnight Financing Rate (SOFR), which is equal to Term SOFR plus a 10 basis point adjustment, plus a margin of 2.50% to 3.75%, or a base rate plus a margin of 1.50% to 2.75%, in each case based on a ratio of our total net debt to Consolidated EBITDA (as defined in the Amended Credit Agreement). Canadian dollar amounts outstanding bear interest at a variable rate equal to Adjusted Term Canadian Overnight Repo Rate Average (CORRA), which is equal to the Term CORRA plus a 29.55 basis point adjustment for one month terms or a 32.14 basis point adjustment for three month terms, plus a margin of 2.50% to 3.75%, or a Canadian Prime rate plus a margin of 1.50% to 2.75%, in each case based on a ratio of our total net debt to Consolidated EBITDA (as defined in the Amended Credit Agreement). Australian dollar amounts outstanding under the Amended Credit Agreement bear interest at a variable rate equal to the Bank Bill Swap Bid Rate plus a margin of 2.50% to 3.75%, based on a ratio of our total net debt to Consolidated EBITDA (as defined in the Amended Credit Agreement).

The Amended Credit Agreement contains customary affirmative and negative covenants that, among other things, limit or restrict: (i) indebtedness, liens and fundamental changes; (ii) asset sales; (iii) specified acquisitions; (iv) certain restrictive agreements; (v) transactions with affiliates; and (vi) investments and other restricted payments, including dividends and other distributions. In addition, we must maintain a minimum interest coverage ratio, defined as the ratio of consolidated EBITDA to consolidated interest expense, of at least 3.00 to 1.00. Following the issuance of the Convertible Notes in July 2026, we are also required to maintain a maximum total net leverage ratio, defined as the ratio of total net debt to Consolidated EBITDA, of no greater than 3.50 to 1.00 and a maximum senior secured net leverage ratio of no greater than 2.50 to 1.00. Each of the factors considered in the calculations of these ratios are defined in the Amended Credit Agreement. EBITDA and consolidated interest, as defined, exclude goodwill and asset impairments, debt discount amortization, amortization of intangibles and other non-cash charges. We were in compliance with our covenants as of September 30, 2026.

Borrowings under the Amended Credit Agreement are secured by a pledge of substantially all of our assets and the assets of our subsidiaries subject to customary exceptions. The obligations under the Amended Credit Agreement are guaranteed by our material subsidiaries. As of September 30, 2026, we had six lenders that were parties to the Amended Credit Agreement, with total revolving commitments ranging from $37.5 million to $52.5 million. As of September 30, 2026, we had outstanding letters of credit of zero under the U.S. facility, zero under the Australian facility and $0.8 million under the Canadian facility. We also had outstanding bank guarantees of A$1.2 million under the Australian facility.

4.50% Convertible Senior Notes

On July 7, 2026, we issued $100.0 million in aggregate principal amount of 4.50% Convertible Senior Notes due 2031 (the Firm Notes) in a private unregistered offering. On July 14, 2026, we issued an additional $15.0 million in aggregate principal amount of 4.50% Convertible Senior Notes due 2031 (together with the Firm Notes, the Convertible Notes) pursuant to the exercise in full by the initial purchasers of their option to purchase additional notes. The Convertible Notes bear interest at a rate of 4.50% per annum, payable semi-annually in arrears on February 1 and August 1 of each year, beginning on February 1, 2027. The Convertible Notes will mature on August 1, 2031, unless earlier repurchased or redeemed by us or converted pursuant to their terms. In connection with the issuance of the Convertible Notes, we entered into an indenture (the Indenture) with U.S. Bank Trust Company, National Association, as trustee. We received approximately $110.8 million in net proceeds, of which approximately $22.3 million was used to repurchase 660,297 of our common shares, with the remaining proceeds used to repay outstanding borrowings under our Amended Credit Agreement. Debt issuance costs are amortized to interest expense over the term of the Convertible Notes using the effective interest method, resulting in an annual effective interest rate 5.4%.

We may not redeem the Convertible Notes prior to August 1, 2029, except in the event of a tax redemption or a cleanup redemption as described below. The Convertible Notes will be redeemable, in whole or in part (subject to certain limitations described below), at our option at any time, and from time to time, on or after August 1, 2029 and on or before the 60th scheduled trading day immediately before the maturity date, at a cash redemption price equal to the principal amount of the Convertible Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date, but only if (i) the Convertible Notes are freely tradable as of the date we send the related redemption notice and all accrued and unpaid additional interest, if any, has been paid in full as of the first interest payment date occurring on or before the date we send such notice; and (ii) the last reported sale price per common share exceeds 130% of the conversion price on (1) each of at least 20 trading days, whether or not consecutive, during the 30 consecutive trading days ending on, and including, the trading day immediately before the date we send such redemption notice; and (2) the trading day immediately before the date we send such notice (an Optional Redemption). However, we may not redeem less than all of the outstanding Convertible Notes unless at least $50.0 million aggregate principal amount of the Convertible Notes are outstanding and not called for redemption as of the time we send the related redemption notice. In addition, the Convertible Notes will be redeemable, in whole and not in part, at our option if (i) certain changes in tax law occur (a Tax Redemption); or (ii) the principal amount of the Convertible Notes outstanding is less than 10% of the aggregate principal amount of the Convertible Notes initially issued (a Cleanup Redemption), in each case, subject to certain conditions. The redemption price for any Optional Redemption, Tax Redemption or Cleanup Redemption will be 100% of the principal amount of the Convertible Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the relevant redemption date. No sinking fund is provided for the Convertible Notes.

Prior to the close of business on the business day immediately preceding May 1, 2031, holders of the Convertible Notes may convert their Convertible Notes at their option only in the following circumstances: (i) during any calendar quarter commencing after the calendar quarter ending on September 30, 2026, if the last reported sale price per common share exceeds 130% of the conversion price for each of at least 20 trading days during the 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter; (ii) during the five consecutive business days immediately after any 10 consecutive trading day period (the measurement period) in which the trading price (as defined in the

Indenture) per $1,000 principal amount of the Convertible Notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price per common share on such trading day and the conversion rate on such trading day; (iii) upon the occurrence of certain corporate events or distributions on our common shares; or (iv) if we call the Convertible Notes for redemption. On or after May 1, 2031, until the close of business on the second scheduled trading day immediately before the maturity date, holders of the Convertible Notes may convert their Convertible Notes at any time, regardless of the foregoing circumstances.

Upon conversion, we will pay or deliver, as applicable, cash, common shares or a combination of cash and common shares, at our election, based on the applicable conversion rate(s). If we elect to deliver cash or a combination of cash and common shares, then the consideration due upon conversion will be determined over an observation period consisting of 60 “VWAP Trading Days” (as defined in the Indenture). The initial conversion rate is 24.6840 common shares per $1,000 principal amount of the Convertible Notes, which represents an initial conversion price of approximately $40.51 per common share. The conversion rate is subject to adjustment upon the occurrence of certain specified events as set forth in the Indenture. In addition, following certain corporate events that occur prior to the maturity date or if we deliver a notice of redemption, we will increase, in certain circumstances, the conversion rate for a holder who elects to convert its Convertible Notes in connection with such corporate event or notice of redemption. The maximum number of common shares issuable in connection with the conversion of the Convertible Notes is 3,406,392, based on the initial maximum conversion rate of 29.6208 common shares per $1,000 principal amount of the Convertible Notes, which amount is subject to adjustment in the same manner as, and at the same time and for the same events for which, the conversion rate is required to be adjusted.

Upon the occurrence of a fundamental change (as defined in the Indenture), subject to certain conditions, holders of the Convertible Notes may require us to repurchase all or a portion of the Convertible Notes for cash at a price equal to 100% of the principal amount of the Convertible Notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the repurchase date.

The Indenture contains customary events of default, including for certain delisting events with respect to the common shares. In the event of certain events of bankruptcy, insolvency or reorganization involving us or any of our significant subsidiaries or certain delisting events with respect to the common shares that we fail to cure in accordance with the Indenture, 100% of the principal amount of the Convertible Notes plus accrued and unpaid interest, if any, may be declared immediately due and payable, subject to certain conditions in the Indenture. In the case of any other event of default, the trustee or the holders of at least 25% in aggregate principal amount of the then-outstanding Convertible Notes may declare the Convertible Notes to be due and payable immediately.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

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+ Details

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Income Statement [Abstract]
Revenue	$ 193,101	$ 170,491	$ 545,785	$ 477,229
Costs and expenses:
Service and other costs	146,814	126,704	417,931	362,850
Selling, general and administrative expenses	18,604	18,107	59,078	56,762
Depreciation and amortization expense	15,714	20,012	49,349	54,092
Other operating income	(1,331)	(1,298)	(2,088)	(725)
Total costs and expenses	179,801	163,525	524,270	472,979
Operating income	13,300	6,966	21,515	4,250
Interest expense	(4,414)	(3,422)	(12,432)	(7,740)
Interest income	182	28	272	129
Other income (expense)	(6)	10	53	476
Income (loss) before income taxes	9,062	3,582	9,408	(2,885)
Income tax expense	(3,879)	(4,038)	(10,545)	(10,732)
Net income (loss)	5,183	(456)	(1,137)	(13,617)
Less: Net income (loss) attributable to noncontrolling interest	4	(1)	13	(6)
Net income (loss) attributable to Civeo Corporation	$ 5,179	$ (455)	$ (1,150)	$ (13,611)
Per Share Data (see Note 6)
Basic net income (loss) per share attributable to Civeo Corporation common shareholders (in dollars per share)	$ 0.50	$ (0.04)	$ (0.11)	$ (1.04)
Diluted net income (loss) per share attributable to Civeo Corporation common shareholders (in dollars per share)	$ 0.50	$ (0.04)	$ (0.11)	$ (1.04)
Weighted average number of common shares outstanding:
Basic (in shares)	10,357	12,395	10,800	13,053
Diluted (in shares)	10,379	12,395	10,800	13,053
Dividends per common share (in dollars per share)	$ 0	$ 0	$ 0	$ 0.25

SHARE-BASED COMPENSATION	9 Months Ended
SHARE-BASED COMPENSATION	Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	SHARE-BASED COMPENSATION Certain key employees and non-employee directors participate in the Amended and Restated 2014 Equity Participation Plan of Civeo Corporation (the Civeo Plan). The Civeo Plan authorizes our Board and the Compensation Committee of our Board to approve and grant awards of options, awards of share appreciation rights, awards of restricted shares, performance share awards, phantom share units and dividend equivalents, awards of deferred shares, and share payments to our employees and non-employee directors. Approximately 3.5 million Civeo common shares are authorized to be issued under the Civeo Plan. Outstanding Awards Phantom Share Units. On March 5, 2026, we granted 132,804 phantom share units under the Civeo Plan, which vest in three equal annual installments beginning on March 5, 2027. We also granted 44,187 phantom share units under the Canadian Long-Term Incentive Plan, which vest in three equal annual installments beginning on March 5, 2027. Phantom share units are settled in cash upon vesting. During the three months ended September 30, 2026 and 2025, we recognized compensation expense associated with phantom share units totaling $1.6 million and $1.5 million, respectively. During the nine months ended September 30, 2026 and 2025, we recognized compensation expense associated with phantom share units totaling $6.2 million and $4.8 million, respectively. At September 30, 2026, unrecognized compensation cost related to phantom share units was $9.1 million, as remeasured at September 30, 2026, which is expected to be recognized over a weighted average period of 1.8 years. Performance Share Awards. On March 5, 2026, we granted 144,433 performance share awards under the Civeo Plan, which cliff vest after three years subject to attainment of applicable performance goals. These awards will be earned in amounts between 0% and 200% of the participant’s target performance share award, based on the payout percentage associated with Civeo’s relative total shareholder return rank among a peer group of other companies and the payout percentage associated with Civeo's three-year growth in EBITDA over the performance period relative to a preset 2028 EBITDA target. The portion of the performance share awards tied to the 2028 EBITDA target includes a performance-based vesting requirement. We evaluate the probability of achieving the performance goals throughout the performance period and will adjust share-based compensation expense based on the number of shares expected to vest based on our estimate of the most probable performance outcome. No share-based compensation expense is recognized if the performance criteria are not probable of being achieved. During the three months ended September 30, 2026 and 2025, we recognized compensation expense associated with performance share awards totaling $0.3 million and $0.8 million, respectively. During the nine months ended September 30, 2026 and 2025, we recognized compensation expense associated with performance share awards totaling $0.5 million and $1.5 million, respectively. No performance share awards vested during the three months ended September 30, 2026 and 2025. The total fair value of performance share awards that vested during the nine months ended September 30, 2026 and 2025 was $0.9 million and $1.7 million, respectively. At September 30, 2026, unrecognized compensation cost related to performance share awards was $2.0 million, which is expected to be recognized over a weighted average period of 2.0 years. Restricted Share Awards / Deferred Share Awards. On May 27, 2026, we granted 30,224 restricted share and deferred share awards to our non-employee directors, which vest in their entirety in May 2027. Compensation expense associated with restricted share awards and deferred share awards recognized in the three months ended September 30, 2026 and 2025 totaled $0.3 million and $0.3 million, respectively. Compensation expense associated with restricted share awards and deferred share awards recognized in the nine months ended September 30, 2026 and 2025 totaled $1.0 million and $0.8 million, respectively. No restricted share awards and deferred share awards vested during the three months ended September 30, 2026 and 2025. The total fair value of restricted share awards and deferred share awards that vested during the nine months ended September 30, 2026 and 2025 was $2.2 million and $0.9 million, respectively. At September 30, 2026, unrecognized compensation cost related to restricted share awards and deferred share awards was $0.7 million, which is expected to be recognized over a weighted average period of 0.6 years.

DEBT - Schedule of Long-term Debt Instruments (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2026	Dec. 31, 2025
Debt Instrument [Line Items]
Less: Unamortized debt issuance costs	$ 4,552	$ 0
Total long-term debt, net	$ 212,978	182,842
U.S. revolving credit facility; weighted average interest rate of 9.0% for the nine month period ended September 30, 2026
Debt Instrument [Line Items]
Interest rate on line of credit facility	9.00%
Long term debt, gross	$ 0	0
Canadian revolving credit facility; weighted average interest rate of 6.0% for the nine month period ended September 30, 2026
Debt Instrument [Line Items]
Interest rate on line of credit facility	6.00%
Long term debt, gross	$ 62,727	132,787
Australian revolving credit facility; weighted average interest rate of 7.3% for the nine month period ended September 30, 2026
Debt Instrument [Line Items]
Interest rate on line of credit facility	7.30%
Long term debt, gross	$ 39,803	50,055
Convertible Senior Notes due 2031
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	4.50%
Long term debt, gross	$ 115,000	$ 0
Total long-term debt, net	$ 110,400

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS - Schedule of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2026	Dec. 31, 2025
Property, plant and equipment, net:
Total property, plant and equipment	$ 1,532,587	$ 1,548,931
Accumulated depreciation	(1,318,009)	(1,304,414)
Total property, plant and equipment, net	214,578	244,517
Land
Property, plant and equipment, net:
Total property, plant and equipment	29,808	29,476
Accommodations assets
Property, plant and equipment, net:
Total property, plant and equipment	$ 1,387,664	1,410,965
Accommodations assets \| Minimum
Property, plant and equipment, net:
Estimated Useful Life (in years)	3 years
Accommodations assets \| Maximum
Property, plant and equipment, net:
Estimated Useful Life (in years)	15 years
Buildings and leasehold improvements
Property, plant and equipment, net:
Total property, plant and equipment	$ 14,343	13,817
Buildings and leasehold improvements \| Minimum
Property, plant and equipment, net:
Estimated Useful Life (in years)	6 years
Buildings and leasehold improvements \| Maximum
Property, plant and equipment, net:
Estimated Useful Life (in years)	40 years
Machinery and equipment
Property, plant and equipment, net:
Total property, plant and equipment	$ 14,994	15,047
Machinery and equipment \| Minimum
Property, plant and equipment, net:
Estimated Useful Life (in years)	4 years
Machinery and equipment \| Maximum
Property, plant and equipment, net:
Estimated Useful Life (in years)	7 years
Office furniture and equipment
Property, plant and equipment, net:
Total property, plant and equipment	$ 72,055	69,623
Office furniture and equipment \| Minimum
Property, plant and equipment, net:
Estimated Useful Life (in years)	3 years
Office furniture and equipment \| Maximum
Property, plant and equipment, net:
Estimated Useful Life (in years)	7 years
Vehicles
Property, plant and equipment, net:
Total property, plant and equipment	$ 8,632	8,309
Vehicles \| Minimum
Property, plant and equipment, net:
Estimated Useful Life (in years)	3 years
Vehicles \| Maximum
Property, plant and equipment, net:
Estimated Useful Life (in years)	5 years
Construction in progress
Property, plant and equipment, net:
Total property, plant and equipment	$ 5,091	$ 1,694

DEBT - Credit Agreement (Details) $ in Millions		9 Months Ended
DEBT - Credit Agreement (Details) $ in Millions	Apr. 23, 2026 USD ($)	Sep. 30, 2026 USD ($) lender	Sep. 30, 2026 AUD ($) lender	Jul. 14, 2026
Credit Agreement
Line of Credit Facility [Line Items]
Number of lenders \| lender		6	6
Credit Agreement \| Minimum
Line of Credit Facility [Line Items]
Line of credit facility, revolving commitment amount		$ 37,500,000
Credit Agreement \| Maximum
Line of Credit Facility [Line Items]
Line of credit facility, revolving commitment amount		$ 52,500,000
Credit Agreement \| Line of Credit
Line of Credit Facility [Line Items]
Interest coverage ratio		3.00	3.00
Maximum leverage ratio		3.50	3.50
Maximum senior secured ratio		2.50	2.50
The Convertible Notes \| Convertible Debt
Line of Credit Facility [Line Items]
Debt instrument, interest rate, stated percentage				4.50%
Revolving Credit Facility, Australian Subsidiaries \| Credit Agreement
Line of Credit Facility [Line Items]
Maximum borrowing capacity, increase	$ 20,000,000.0
Revolving credit facility, maximum borrowing capacity		$ 70,000,000.0
Outstanding letters of credit		$ 0	$ 1.2
Revolving Credit Facility, Australian Subsidiaries \| Credit Agreement \| Line of Credit \| Bank Bill Swap Bid Rate (BBSY) \| Minimum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		2.50%
Revolving Credit Facility, Australian Subsidiaries \| Credit Agreement \| Line of Credit \| Bank Bill Swap Bid Rate (BBSY) \| Maximum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		3.75%
Revolving Credit Facility \| Credit Agreement
Line of Credit Facility [Line Items]
Revolving credit facility, maximum borrowing capacity	$ 285,000,000.0	$ 285,000,000.0
Revolving Credit Facility, U.S. Subsidiaries \| Credit Agreement
Line of Credit Facility [Line Items]
Revolving credit facility, maximum borrowing capacity		$ 10,000,000.0
Revolving Credit Facility, U.S. Subsidiaries \| Credit Agreement \| Line of Credit \| Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Debt instrument, variable rate, adjustment		0.0010
Revolving Credit Facility, U.S. Subsidiaries \| Credit Agreement \| Line of Credit \| Secured Overnight Financing Rate (SOFR) \| Minimum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		2.50%
Revolving Credit Facility, U.S. Subsidiaries \| Credit Agreement \| Line of Credit \| Secured Overnight Financing Rate (SOFR) \| Maximum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		3.75%
Revolving Credit Facility, U.S. Subsidiaries \| Credit Agreement \| Line of Credit \| Base Rate \| Minimum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		1.50%
Revolving Credit Facility, U.S. Subsidiaries \| Credit Agreement \| Line of Credit \| Base Rate \| Maximum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		2.75%
Revolving Credit Facility, U.S. Subsidiaries \| Amended Credit Facility
Line of Credit Facility [Line Items]
Outstanding letters of credit		$ 0
Revolving Credit Facility, Canadian Subsidiaries \| Credit Agreement
Line of Credit Facility [Line Items]
Revolving credit facility, maximum borrowing capacity		205,000,000.0
Outstanding letters of credit		$ 800,000
Revolving Credit Facility, Canadian Subsidiaries \| Credit Agreement \| Line of Credit \| Term Canadian Overnight Repo Rate Average, One Month Term
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		0.2955%
Revolving Credit Facility, Canadian Subsidiaries \| Credit Agreement \| Line of Credit \| Term Canadian Overnight Repo Rate Average, Three Month Term
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		0.3214%
Revolving Credit Facility, Canadian Subsidiaries \| Credit Agreement \| Line of Credit \| Adjusted Term CORRA \| Minimum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		2.50%
Revolving Credit Facility, Canadian Subsidiaries \| Credit Agreement \| Line of Credit \| Adjusted Term CORRA \| Maximum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		3.75%
Revolving Credit Facility, Canadian Subsidiaries \| Credit Agreement \| Line of Credit \| Prime Rate \| Minimum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		1.50%
Revolving Credit Facility, Canadian Subsidiaries \| Credit Agreement \| Line of Credit \| Prime Rate \| Maximum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		2.75%

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) $ in Thousands, $ in Millions, $ in Millions	9 Months Ended
	Sep. 30, 2026 USD ($)	Sep. 30, 2026 AUD ($)	Sep. 30, 2026 CAD ($)	Dec. 31, 2025 USD ($)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Decrease in comprehensive loss due to foreign currency exchange rate fluctuations	$ 7,300
Accumulated other comprehensive loss	$ 383,523			$ 390,813
International functional currency net assets		$ 245	$ 57

- Definition

Amount, after tax, of accumulated increase (decrease) in equity from transaction and other event and circumstance from nonowner source.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

- Definition

Amount after tax, before reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature.

+ References + Details

SEGMENT AND RELATED INFORMATION (Tables)

9 Months Ended

Sep. 30, 2026

Segment Reporting [Abstract]

Schedule of Segment Reporting

Financial information by business segment for each of the three and nine months ended September 30, 2026 and 2025 is summarized in the following table (in thousands):


Three Months Ended September 30, 2026	Australia		Canada		Corporate, other and eliminations		Total
Revenues	$	129,516	$	63,585	$	—	$	193,101
Cost of sales and services	97,595		49,181		38		146,814
Revenues less cost of sales and services	31,921		14,404		(38)		46,287

Selling, general and administrative expenses	8,919		4,759		4,926		18,604
Depreciation and amortization expense	8,420		7,293		1		15,714
Other operating expense (income) (1)	(178)		(1,446)		293		(1,331)
Operating income (loss)	14,760		3,798		(5,258)		13,300

Reconciliation to income (loss) before income taxes
Other loss (2)							(4,238)
Income before income taxes							$	9,062

Capital expenditures	$	3,732	$	1,585	$	78	$	5,395
Total assets	$	274,417	$	192,170	$	27,036	$	493,623


Three Months Ended September 30, 2025	Australia		Canada		Corporate, other and eliminations		Total
Revenues	$	124,460	$	46,031	$	—	$	170,491
Cost of sales and services	91,024		35,660		20		126,704
Revenues less cost of sales and services	33,436		10,371		(20)		43,787

Selling, general and administrative expenses	8,521		4,213		5,373		18,107
Depreciation and amortization expense	9,929		10,057		26		20,012
Other operating expense (income) (1)	(363)		(1,072)		137		(1,298)
Operating income (loss)	15,349		(2,827)		(5,556)		6,966

Reconciliation to income (loss) before income taxes
Other loss (2)							(3,384)
Income before income taxes							$	3,582

Capital expenditures	$	4,786	$	825	$	—	$	5,611
Total assets	$	278,736	$	198,884	$	13,447	$	491,067


Nine Months Ended September 30, 2026	Australia		Canada		Corporate, other and eliminations		Total
Revenues	$	377,980	$	167,805	$	—	$	545,785
Cost of sales and services	284,177		133,466		288		417,931
Revenues less cost of sales and services	93,803		34,339		(288)		127,854

Selling, general and administrative expenses	26,880		15,658		16,540		59,078
Depreciation and amortization expense	26,450		22,857		42		49,349
Other operating expense (income) (1)	(603)		(1,916)		431		(2,088)
Operating income (loss)	41,076		(2,260)		(17,301)		21,515

Reconciliation to income (loss) before income taxes
Other loss (2)							(12,107)
Income before income taxes							$	9,408

Capital expenditures	$	7,854	$	3,503	$	1,884	$	13,241
Total assets	$	274,417	$	192,170	$	27,036	$	493,623


Nine Months Ended September 30, 2025	Australia		Canada		Corporate, other and eliminations		Total
Revenues	$	340,778	$	136,451	$	—	$	477,229
Cost of sales and services	250,221		112,342		287		362,850
Revenues less cost of sales and services	90,557		24,109		(287)		114,379

Selling, general and administrative expenses	24,487		13,784		18,491		56,762
Depreciation and amortization expense	26,783		27,228		81		54,092
Other operating expense (income) (1)	(432)		(990)		697		(725)
Operating income (loss)	39,719		(15,913)		(19,556)		4,250

Reconciliation to income (loss) before income taxes
Other loss (2)							(7,135)
Loss before income taxes							$	(2,885)

Capital expenditures	$	10,182	$	5,198	$	—	$	15,380
Total assets	$	278,736	$	198,884	$	13,447	$	491,067

(1)Other operating expense (income) for each reportable segment primarily includes other operating income and expenses and foreign exchange impacts for the three and nine months ended September 30, 2026 and 2025.

(2)Other loss is primarily related to interest expense, interest income and other income.

- Definition

Tabular disclosure of segment reporting. Includes, but is not limited to, reconciliation of reportable segment amount to corresponding consolidated total.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

+ Details

SEGMENT AND RELATED INFORMATION

9 Months Ended

Sep. 30, 2026

Segment Reporting [Abstract]

SEGMENT AND RELATED INFORMATION

We report segment information based on the “management” approach. The management approach designates the internal reporting used by management for making decisions and assessing performance as the source of our reportable segments. Our Chief Executive Officer is the chief operating decision maker (CODM). We have identified two reportable segments, Australia and Canada, which represent our strategic focus on hospitality services and workforce accommodations.

Prior to the fourth quarter of 2025, Corporate, other and eliminations selling, general and administrative expenses included corporate information technology (IT) expenses managed on a worldwide basis that were not allocated to individual segments in Australia and Canada. To better align segment operating income (loss) to the profitability measure used by our CODM, these shared general and administrative costs are now allocated to Australia and Canada beginning with the year ended December 31, 2025. For the three and nine months ended September 30, 2025, we allocated corporate IT expenses to Australia and Canada of $1.8 million and $5.8 million to conform with the presentation for the three and nine months ended September 30, 2026.

Financial information by business segment for each of the three and nine months ended September 30, 2026 and 2025 is summarized in the following table (in thousands):


Three Months Ended September 30, 2026	Australia		Canada		Corporate, other and eliminations		Total
Revenues	$	129,516	$	63,585	$	—	$	193,101
Cost of sales and services	97,595		49,181		38		146,814
Revenues less cost of sales and services	31,921		14,404		(38)		46,287

Selling, general and administrative expenses	8,919		4,759		4,926		18,604
Depreciation and amortization expense	8,420		7,293		1		15,714
Other operating expense (income) (1)	(178)		(1,446)		293		(1,331)
Operating income (loss)	14,760		3,798		(5,258)		13,300

Reconciliation to income (loss) before income taxes
Other loss (2)							(4,238)
Income before income taxes							$	9,062

Capital expenditures	$	3,732	$	1,585	$	78	$	5,395
Total assets	$	274,417	$	192,170	$	27,036	$	493,623


Three Months Ended September 30, 2025	Australia		Canada		Corporate, other and eliminations		Total
Revenues	$	124,460	$	46,031	$	—	$	170,491
Cost of sales and services	91,024		35,660		20		126,704
Revenues less cost of sales and services	33,436		10,371		(20)		43,787

Selling, general and administrative expenses	8,521		4,213		5,373		18,107
Depreciation and amortization expense	9,929		10,057		26		20,012
Other operating expense (income) (1)	(363)		(1,072)		137		(1,298)
Operating income (loss)	15,349		(2,827)		(5,556)		6,966

Reconciliation to income (loss) before income taxes
Other loss (2)							(3,384)
Income before income taxes							$	3,582

Capital expenditures	$	4,786	$	825	$	—	$	5,611
Total assets	$	278,736	$	198,884	$	13,447	$	491,067


Nine Months Ended September 30, 2026	Australia		Canada		Corporate, other and eliminations		Total
Revenues	$	377,980	$	167,805	$	—	$	545,785
Cost of sales and services	284,177		133,466		288		417,931
Revenues less cost of sales and services	93,803		34,339		(288)		127,854

Selling, general and administrative expenses	26,880		15,658		16,540		59,078
Depreciation and amortization expense	26,450		22,857		42		49,349
Other operating expense (income) (1)	(603)		(1,916)		431		(2,088)
Operating income (loss)	41,076		(2,260)		(17,301)		21,515

Reconciliation to income (loss) before income taxes
Other loss (2)							(12,107)
Income before income taxes							$	9,408

Capital expenditures	$	7,854	$	3,503	$	1,884	$	13,241
Total assets	$	274,417	$	192,170	$	27,036	$	493,623


Nine Months Ended September 30, 2025	Australia		Canada		Corporate, other and eliminations		Total
Revenues	$	340,778	$	136,451	$	—	$	477,229
Cost of sales and services	250,221		112,342		287		362,850
Revenues less cost of sales and services	90,557		24,109		(287)		114,379

Selling, general and administrative expenses	24,487		13,784		18,491		56,762
Depreciation and amortization expense	26,783		27,228		81		54,092
Other operating expense (income) (1)	(432)		(990)		697		(725)
Operating income (loss)	39,719		(15,913)		(19,556)		4,250

Reconciliation to income (loss) before income taxes
Other loss (2)							(7,135)
Loss before income taxes							$	(2,885)

Capital expenditures	$	10,182	$	5,198	$	—	$	15,380
Total assets	$	278,736	$	198,884	$	13,447	$	491,067

(2)Other loss is primarily related to interest expense, interest income and other income.

- Definition

The entire disclosure for segment reporting.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS - Schedule of Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2026	Dec. 31, 2025
Inventories:
Finished goods, including purchased food, housekeeping and retail inventory	$ 5,047	$ 4,486
Raw materials	1,880	1,732
Total inventories	$ 6,927	$ 6,218

DEBT - Convertible Senior Notes (Details) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
	Jul. 14, 2026 USD ($) day $ / shares shares	Sep. 30, 2026 shares	Sep. 30, 2025 shares	Sep. 30, 2026 USD ($) shares	Sep. 30, 2025 USD ($) shares	Jul. 07, 2026 USD ($)
Line of Credit Facility [Line Items]
Payments for repurchase of common stock \| $	$ 22,300			$ 36,645	$ 48,684
Common shares repurchased (in shares) \| shares	660,297	660,300	1,051,000	1,171,300	2,087,500
The Convertible Notes \| Convertible Debt
Line of Credit Facility [Line Items]
Debt instrument, interest rate, stated percentage	4.50%
Debt instrument, face amount \| $	$ 15,000
Proceeds from issuance of long-term debt \| $	$ 110,800
Annual effective interest rate	5.40%
Debt instrument, convertible, threshold percentage of stock price trigger	130.00%
Debt instrument, convertible, threshold trading days	20
Debt instrument, convertible, threshold consecutive trading days	30
Minimum threshold aggregate principal amount of notes outstanding and not called for redemption \| $	$ 50,000
Debt instrument, redemption price, minimum principal amount that may be redeemed	10.00%
Debt instrument, redemption price, percentage	100.00%
Debt instrument, convertible, threshold trading days for volume weighted average price, observation period	60
Percentage of principal amount to be repurchased in fundamental change	100.00%
Minimum threshold percentage of aggregate principal by trustee or holders	25.00%
The Convertible Notes \| Convertible Debt \| Debt Conversion Terms, One
Line of Credit Facility [Line Items]
Debt instrument, convertible, threshold percentage of stock price trigger	130.00%
Debt instrument, convertible, threshold trading days	20
Debt instrument, convertible, threshold consecutive trading days	30
Debt instrument, convertible, conversion ratio	0.024684
Debt instrument, convertible, conversion price (in dollars per share) \| $ / shares	$ 40.51
The Convertible Notes \| Convertible Debt \| Debt Conversion Terms, Two
Line of Credit Facility [Line Items]
Debt instrument, convertible, threshold trading days	5
Debt instrument, convertible, threshold consecutive trading days	10
Debt instrument, convertible, threshold percentage of stock trading price	98.00%
Debt instrument, convertible, conversion ratio	0.0296208
Debt instrument, convertible, maximum number of shares issuable (in shares) \| shares	3,406,392
Firm Notes \| Convertible Debt
Line of Credit Facility [Line Items]
Debt instrument, face amount \| $						$ 100,000
Convertible Senior Notes due 2031
Line of Credit Facility [Line Items]
Debt instrument, interest rate, stated percentage		4.50%		4.50%
Convertible Senior Notes due 2031 \| Convertible Debt
Line of Credit Facility [Line Items]
Debt instrument, interest rate, stated percentage						4.50%

UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustment, tax	$ 0	$ 0	$ 0	$ 0

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS - Schedule of Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2026	Dec. 31, 2025
Accrued liabilities:
Accrued compensation	$ 29,369	$ 24,682
Accrued taxes, other than income taxes	4,927	3,873
Accrued interest	1,366	597
Other	978	1,685
Total accrued liabilities	$ 36,640	$ 30,837

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS

9 Months Ended

Sep. 30, 2026

Balance Sheet Related Disclosures [Abstract]

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS

Additional information regarding selected balance sheet accounts at September 30, 2026 and December 31, 2025 is presented below (in thousands):


	September 30, 2026		December 31, 2025
Accounts receivable, net:
Trade	$	93,557	$	70,646
Unbilled revenue	24,077		15,273
Other	6,229		4,787
Total accounts receivable	123,863		90,706
Allowance for credit losses	(977)		(236)
Total accounts receivable, net	$	122,886	$	90,470


	September 30, 2026		December 31, 2025
Inventories:
Finished goods, including purchased food, housekeeping and retail inventory	$	5,047	$	4,486

Raw materials	1,880		1,732
Total inventories	$	6,927	$	6,218


	Estimated Useful Life (in years)			September 30, 2026		December 31, 2025
Property, plant and equipment, net:
Land				$	29,808	$	29,476
Accommodations assets	3	—	15	1,387,664		1,410,965
Buildings and leasehold improvements	6	—	40	14,343		13,817
Machinery and equipment	4	—	7	14,994		15,047
Office furniture and equipment	3	—	7	72,055		69,623
Vehicles	3	—	5	8,632		8,309
Construction in progress				5,091		1,694
Total property, plant and equipment				1,532,587		1,548,931
Accumulated depreciation				(1,318,009)		(1,304,414)
Total property, plant and equipment, net				$	214,578	$	244,517

As of September 30, 2026, assets held for sale includes $1.6 million related to land located in Louisiana.


	September 30, 2026		December 31, 2025
Accrued liabilities:
Accrued compensation	$	29,369	$	24,682
Accrued taxes, other than income taxes	4,927		3,873
Accrued interest	1,366		597
Other	978		1,685
Total accrued liabilities	$	36,640	$	30,837


	September 30, 2026		December 31, 2025
Contract assets:
Current contract assets (1)	$	1,141	$	1,363
Noncurrent contract assets (1)	3,706		2,725
Total contract assets	$	4,847	$	4,088

Contract liabilities (Deferred revenue):
Current contract liabilities (2)	$	5,309	$	2,903
Noncurrent contract liabilities (2)	1,022		2,908
Total contract liabilities (Deferred revenue)	$	6,331	$	5,811

(1)Current contract assets and Noncurrent contract assets are included in "Other current assets" and "Other noncurrent assets," respectively, in our unaudited consolidated balance sheets.

(2)Current contract liabilities and Noncurrent contract liabilities are included in "Deferred revenue" and "Other noncurrent liabilities," respectively, in our unaudited consolidated balance sheets.

Contract assets consists of upfront incentives offered as consideration for entering into multi-year contracts. These incentives are refundable to us if the customer cancels the contract prior to the end of the contracted terms. The contract assets are amortized as a reduction of revenue over the contract term as the related services are provided. The increase in contract assets from December 31, 2025 to September 30, 2026 was due to incentives provided to a customer in Australia, beginning in the first quarter of 2025, in connection with entering into a six-year integrated services contract.

Deferred revenue typically consists of upfront payments received before we satisfy the associated performance obligation. The increase in deferred revenue from December 31, 2025 to September 30, 2026 was primarily due to advance payments received for various projects in Canada, partially offset by decreases resulting from revenue recognized over the contracted terms related to advance payments received from a customer for village enhancements in Australia.

DEBT (Tables)

9 Months Ended

Sep. 30, 2026

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

As of September 30, 2026 and December 31, 2025, long-term debt consisted of the following (in thousands):



	September 30, 2026		December 31, 2025
Credit Agreement
U.S. revolving credit facility; weighted average interest rate of 9.0% for the nine month period ended September 30, 2026	$	—	$	—

Canadian revolving credit facility; weighted average interest rate of 6.0% for the nine month period ended September 30, 2026	62,727		132,787

Australian revolving credit facility; weighted average interest rate of 7.3% for the nine month period ended September 30, 2026	39,803		50,055

4.50% Convertible Senior Notes due 2031	115,000		—
Total debt	217,530		182,842

Less: Unamortized debt issuance costs	4,552		—

Total long-term debt, net	$	212,978	$	182,842

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
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+ Details

SHARE REPURCHASE PROGRAMS

9 Months Ended

Sep. 30, 2026

Equity [Abstract]

SHARE REPURCHASE PROGRAMS

In March 2025, our Board of Directors (Board) authorized a common share repurchase program (the Share Repurchase Program) to repurchase up to 10.0% of our total common shares which were issued and outstanding at that date, or approximately 1.4 million common shares over a twelve month period. In April 2025, our Board authorized an increase to the Share Repurchase Program to repurchase up to 20.0% of our total common shares which are issued and outstanding at that date, or approximately 2.7 million common shares. In March 2026, our Board authorized an additional repurchase authorization of up to 10.0% of our common shares outstanding upon completion of the existing Share Repurchase Program.

The repurchase authorization allows repurchases from time to time through a variety of methods, including but not limited to open market repurchases, pursuant to a Rule 10b5-1 compliant plan, or privately negotiated transactions. We have funded, and intend to continue to fund, repurchases through cash on hand, cash from debt incurrences and cash generated from operations. Any common shares repurchased are cancelled in the periods they are acquired and the payment is accounted for as an increase to accumulated deficit in our Unaudited Consolidated Statements of Changes in Shareholders’ Equity in the period the payment is made.

The following table summarizes our common share repurchases for the periods presented (in thousands, except per share data):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Dollar-value of shares repurchased	$	22,292	$	26,210	$	36,645	$	48,684
Shares repurchased	660.3		1,051.0		1,171.3		2,087.5
Average price paid per share	$	33.76	$	24.93	$	31.27	$	23.30

In connection with the issuance of the Convertible Notes, we repurchased 660,297 common shares for a total of approximately $22.3 million. See Note 7 - Debt for further discussion.

SHARE REPURCHASE PROGRAMS (Tables)

9 Months Ended

Sep. 30, 2026

Equity [Abstract]

Schedule of Common Share Repurchases

The following table summarizes our common share repurchases for the periods presented (in thousands, except per share data):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Dollar-value of shares repurchased	$	22,292	$	26,210	$	36,645	$	48,684
Shares repurchased	660.3		1,051.0		1,171.3		2,087.5
Average price paid per share	$	33.76	$	24.93	$	31.27	$	23.30

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS - Schedule of Accounts Receivable (Details) - USD ($) $ in Thousands	Sep. 30, 2026	Dec. 31, 2025
Accounts receivable, net:
Total accounts receivable	$ 123,863	$ 90,706
Allowance for credit losses	(977)	(236)
Total accounts receivable, net	122,886	90,470
Trade
Accounts receivable, net:
Total accounts receivable	93,557	70,646
Unbilled revenue
Accounts receivable, net:
Total accounts receivable	24,077	15,273
Other
Accounts receivable, net:
Total accounts receivable	$ 6,229	$ 4,787

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

REVENUE

9 Months Ended

Sep. 30, 2026

Revenue from Contract with Customer [Abstract]

REVENUE

The following table disaggregates our revenue by our two reportable segments (Australia and Canada) into major categories for the periods indicated (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Australia
Accommodation and associated services revenues	$	56,463	$	58,405	$	169,642	$	157,910
Integrated services and other services revenues	73,053		66,055		208,338		182,868
Total Australia revenues	129,516		124,460		377,980		340,778

Canada
Accommodation and associated services revenues	$	50,599	$	38,684	$	137,815	$	114,710
Mobile facility rental and associated services revenues	1,195		393		2,600		1,046
Integrated services and other services revenues	11,791		6,954		27,390		20,695
Total Canada revenues	63,585		46,031		167,805		136,451





Total revenues	$	193,101	$	170,491	$	545,785	$	477,229

Our payment terms vary by the type and location of our customer and the services offered. The time between invoicing and when our performance obligations are satisfied is not significant. Payment terms are generally within 30 days and in most cases do not extend beyond 60 days. We do not have significant financing components or significant payment terms.

As of September 30, 2026, for contracts that are greater than one year, the table below discloses the estimated revenues related to performance obligations that are unsatisfied (or partially unsatisfied) and when we expect to recognize the revenue. The table only includes revenue expected to be recognized from contracts where the quantity of service is certain (in thousands):


	For the years ending December 31,
	2026		2027		2028		Thereafter		Total
Revenue expected to be recognized as of September 30, 2026	$	48,022	$	151,476	$	88,751	$	197,784	$	486,033

We applied the practical expedient and do not disclose consideration for remaining performance obligations with an original expected duration of one year or less. In addition, we do not estimate revenues expected to be recognized related to unsatisfied performance obligations for contracts without minimum room commitments. The table above represents only a portion of our expected future consolidated revenues and it is not necessarily indicative of the expected trend in total revenues.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/606/tableOfContent

+ Details

ASSET ACQUISITION

9 Months Ended

Sep. 30, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

ASSET ACQUISITION

On May 6, 2025, we acquired assets of Qantac Pty Ltd (Qantac), located in Queensland, Australia (the Qantac Acquisition) for total consideration of A$105 million (or approximately US$68 million) in cash. The Qantac Acquisition included four villages, with 1,368 rooms in Australia’s Bowen Basin and the associated accommodation assets, land and customer contracts. As a result of the Qantac Acquisition, we expanded our existing accommodations business into the Blackwater region of the Bowen Basin, which was not previously served by our existing villages. The Qantac Acquisition was funded with cash on hand and borrowings under the Amended Credit Agreement (as defined in Note 7. Debt). Qantac’s operations are reported as new village locations in our Australia reportable business segment.

The Qantac Acquisition was accounted for as an asset acquisition based on the principles described in Accounting Standards Codification Topic 805, Business Combinations, which provides a screen to determine when a set of transferred assets is not a business. The screen requires that when substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or a group of similarly identifiable assets, the set of transferred assets is not a business. Under the accounting for asset acquisitions, the acquisition is recorded using a cost accumulation and allocation model under which the cost of such acquisition is allocated on a relative fair value basis to the assets acquired and liabilities assumed. Acquisition-related transaction costs are capitalized as a component of the cost of the assets acquired. Goodwill is not recognized in an asset acquisition, and any difference between consideration transferred and the fair value of the net assets acquired is allocated to certain identifiable assets acquired based on their relative fair values.

The purchase price was allocated to the net assets as follows (in thousands):



Consideration:
Cash	$	68,189
Direct transaction costs	4,601
Total costs of the asset acquisition	$	72,790


Other current assets	$	184
Property, plant and equipment	70,575
Intangible assets	5,999
Total assets acquired	76,758

Accounts payable and accrued liabilities	67
Deferred income taxes	3,901
Total liabilities assumed	3,968
Net assets acquired	$	72,790

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS - Schedule of Contract Asset and Deferred Revenue (Details) - USD ($) $ in Thousands	Sep. 30, 2026	Dec. 31, 2025
Contract assets:
Current contract assets	$ 1,141	$ 1,363
Noncurrent contract assets	3,706	2,725
Total contract assets	4,847	4,088
Contract liabilities (Deferred revenue):
Current contract liabilities	5,309	2,903
Noncurrent contract liabilities	1,022	2,908
Total contract liabilities (Deferred revenue)	$ 6,331	$ 5,811

SHARE REPURCHASE PROGRAMS - Narrative (Details) - USD ($) $ in Thousands		1 Months Ended	3 Months Ended		9 Months Ended
	Jul. 14, 2026	Mar. 31, 2025	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025	Mar. 31, 2026	Apr. 30, 2025
Equity [Abstract]
Stock repurchase program, authorized amount, percentage		10.00%					10.00%	20.00%
Stock repurchase program, authorized amount (in shares)		1,400,000						2,700,000
Stock repurchase program, purchase period		12 months
Common shares repurchased (in shares)	660,297		660,300	1,051,000	1,171,300	2,087,500
Dollar-value of shares repurchased	$ 22,300		$ 22,292	$ 26,210	$ 36,645	$ 48,684

- Definition

Number of shares that have been repurchased during the period and are being held in treasury.

+ References

+ Details

- Definition

Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method.

+ References + Details

EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2026

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

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 September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Numerator:
Basic net income (loss) attributable to Civeo Corporation common shareholders	$	5,179	$	(455)	$	(1,150)	$	(13,611)
Add: Tax adjusted interest expense related to the Convertible Notes	—		—		—		—
Diluted net income (loss) attributable to Civeo Corporation common shareholders	$	5,179	$	(455)	$	(1,150)	$	(13,611)

Denominator:
Weighted average number of common shares outstanding - basic	10,357		12,395		10,800		13,053
Dilutive shares - share-based awards	22		—		—		—
Dilutive shares - Convertible Notes	—		—		—		—
Weighted average number of common shares outstanding - diluted	10,379		12,395		10,800		13,053

Basic net income (loss) per share attributable to Civeo Corporation common shareholders (1)	$	0.50	$	(0.04)	$	(0.11)	$	(1.04)

Diluted net income (loss) per share attributable to Civeo Corporation common shareholders (1)	$	0.50	$	(0.04)	$	(0.11)	$	(1.04)

(1)Computations may reflect rounding adjustments.

INCOME TAXES	9 Months Ended
INCOME TAXES	Sep. 30, 2026
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Our operations are conducted through various subsidiaries in a number of countries throughout the world. We have provided for income taxes based upon the tax laws and rates in the countries in which operations are conducted and income is earned. We operate in three jurisdictions, Australia, Canada and the U.S., where statutory tax rates range from 15% to 30%. Our effective tax rate will vary from period to period based on changes in earnings mix between these different jurisdictions. We compute our quarterly taxes under the effective tax rate method by applying an anticipated annual effective rate to our year-to-date income, except for significant unusual or extraordinary transactions. Income taxes for any significant and unusual or extraordinary transactions are computed and recorded in the period in which the specific transaction occurs. As of September 30, 2026 and 2025, Canada and the U.S. were considered loss jurisdictions for tax accounting purposes and were removed from the annual effective tax rate computation for purposes of computing the interim tax provision. Our income tax expense for the three months ended September 30, 2026 totaled $3.9 million, or 42.8% of pretax income, compared to income tax expense of $4.0 million, or 112.7% of pretax income, for the three months ended September 30, 2025. Our effective tax rate for the three months ended September 30, 2026 and 2025 was impacted by Canada and the U.S. being considered loss jurisdictions that were removed from the annual effective tax rate computation for purposes of computing the interim tax provision. Our income tax expense for the nine months ended September 30, 2026 totaled $10.5 million, or 112.1% of pretax income, compared to income tax expense of $10.7 million, or (372.0)% of pretax loss, for the nine months ended September 30, 2025. Our effective tax rate for the nine months ended September 30, 2026 and 2025 was impacted by Canada and the U.S. being considered loss jurisdictions that were removed from the annual effective tax rate computation for purposes of computing the interim tax provision.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 740
-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2026

Earnings Per Share [Abstract]

EARNINGS PER SHARE

We calculate basic earnings per share by dividing net income (loss) attributable to Civeo Corporation by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed based on the basic shares outstanding plus the effect of dilutive potential common shares outstanding.

We use the treasury-stock method to determine the potential dilutive effect of our outstanding share-based awards and the if-converted method to determine the potential dilutive effect of the Convertible Notes. For diluted earnings per share, the Convertible Notes are assumed to have been converted at the beginning of the reporting period or, if issued during the period, on their respective issuance dates. When the Convertible Notes are included in diluted earnings per share, the numerator is adjusted to add back interest expense, net of the related income tax effect, including amortization of debt issuance costs.

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 September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Numerator:
Basic net income (loss) attributable to Civeo Corporation common shareholders	$	5,179	$	(455)	$	(1,150)	$	(13,611)
Add: Tax adjusted interest expense related to the Convertible Notes	—		—		—		—
Diluted net income (loss) attributable to Civeo Corporation common shareholders	$	5,179	$	(455)	$	(1,150)	$	(13,611)

Denominator:
Weighted average number of common shares outstanding - basic	10,357		12,395		10,800		13,053
Dilutive shares - share-based awards	22		—		—		—
Dilutive shares - Convertible Notes	—		—		—		—
Weighted average number of common shares outstanding - diluted	10,379		12,395		10,800		13,053

Basic net income (loss) per share attributable to Civeo Corporation common shareholders (1)	$	0.50	$	(0.04)	$	(0.11)	$	(1.04)

Diluted net income (loss) per share attributable to Civeo Corporation common shareholders (1)	$	0.50	$	(0.04)	$	(0.11)	$	(1.04)

(1)Computations may reflect rounding adjustments.

For the three and nine months ended September 30, 2026, we excluded 2.6 million shares and 0.9 million shares, respectively, related to the assumed conversion of the Convertible Notes, from the calculation of weighted-average common shares outstanding because the effect is anti-dilutive. The Convertible Notes were not outstanding during the three and nine months ended September 30, 2025.

Share-based awards that have been excluded from the calculation of weighted-average common shares outstanding because the effect is anti-dilutive totaled less than 0.1 million shares and 0.1 million shares, respectively, for the three months ended September 30, 2026 and 2025. Share-based awards that have been excluded from the calculation of weighted-average common shares outstanding because the effect is anti-dilutive totaled 0.1 million shares and 0.1 million shares, respectively, for the nine months ended September 30, 2026 and 2025.

SHARE-BASED COMPENSATION (Details) - USD ($) $ in Millions			3 Months Ended		9 Months Ended
SHARE-BASED COMPENSATION (Details) - USD ($) $ in Millions	May 27, 2026	Mar. 05, 2026	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Share-based compensation arrangement, number of shares authorized (in shares)			3,500,000		3,500,000
Phantom Share Units (PSUs)
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Allocated share-based compensation expense			$ 1.6	$ 1.5	$ 6.2	$ 4.8
Unrecognized compensation costs related to performance awards			9.1		$ 9.1
Unrecognized compensation cost related to share awards, expected weighted average vesting period					1 year 9 months 18 days
Phantom Share Units (PSUs) \| Civeo Plan
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Share awards granted (in shares)		132,804
Vesting period of share awards		3 years
Phantom Share Units (PSUs) \| Canadian Long-Term Incentive Plan
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Share awards granted (in shares)		44,187
Vesting period of share awards		3 years
Performance Shares
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Allocated share-based compensation expense			0.3	$ 0.8	$ 0.5	1.5
Unrecognized compensation costs related to performance awards			$ 2.0		$ 2.0
Unrecognized compensation cost related to share awards, expected weighted average vesting period					2 years
Target performance, growth in EBITDA, period		3 years
Share awards vested (in shares)			0	0
Fair value of restricted share awards and deferred compensation that vested during the period					$ 0.9	1.7
Performance Shares \| Civeo Plan
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Share awards granted (in shares)		144,433
Vesting period of share awards		3 years
Performance Shares \| Civeo Plan \| Minimum
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Target performance, share award percentage		0.00%
Performance Shares \| Civeo Plan \| Maximum
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Target performance, share award percentage		200.00%
Restricted Share Awards, Restricted Share Units, and Deferred Stock Awards
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Share awards granted (in shares)	30,224
Restricted Stock and Deferred Stock Awards
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Allocated share-based compensation expense			$ 0.3	$ 0.3	$ 1.0	0.8
Unrecognized compensation cost related to share awards, expected weighted average vesting period					7 months 6 days
Share awards vested (in shares)			0	0
Fair value of restricted share awards and deferred compensation that vested during the period					$ 2.2	$ 0.9
Unrecognized compensation cost related to restricted share and deferred share awards			$ 0.7		$ 0.7

ASSET ACQUISITION (Tables)

9 Months Ended

Sep. 30, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of Asset Acquisition

The purchase price was allocated to the net assets as follows (in thousands):



Consideration:
Cash	$	68,189
Direct transaction costs	4,601
Total costs of the asset acquisition	$	72,790


Other current assets	$	184
Property, plant and equipment	70,575
Intangible assets	5,999
Total assets acquired	76,758

Accounts payable and accrued liabilities	67
Deferred income taxes	3,901
Total liabilities assumed	3,968
Net assets acquired	$	72,790

SEGMENT AND RELATED INFORMATION - Narrative (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2026 USD ($)	Sep. 30, 2025 USD ($)	Sep. 30, 2026 USD ($) segment	Sep. 30, 2025 USD ($)
Segment Reporting [Line Items]
Number of reportable segments \| segment			2
Corporate, other and eliminations \| Corporate, other and eliminations
Segment Reporting [Line Items]
Communications and information technology \| $	$ 5.8	$ 1.8	$ 5.8	$ 1.8

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

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+ Details