REVENUE

12 Months Ended

Dec. 31, 2025

Revenue from Contract with Customer [Abstract]

REVENUE

REVENUE

The following disaggregates our revenue by our two reportable segments (Australia and Canada) into major categories for the years ended December 31, 2025, 2024 and 2023 (in thousands):

	2025		2024		2023
Australia
Accommodation and associated services revenues	$	211,761	$	196,684	$	177,834
Integrated services and other services revenues	248,534		230,272		158,929
Total Australia revenues	460,295		426,956		336,763
Canada
Accommodation and associated services revenues	$	150,651	$	214,774	$	266,926
Mobile facility rental and associated services revenues	1,587		1,523		61,899
Integrated services and other services revenues	26,316		28,790		23,970
Total Canada revenues	178,554		245,087		352,795
Other
Other revenues	$	—	$	10,079	$	11,247
Total other revenues	—		10,079		11,247
Total revenues	$	638,849	$	682,122	$	700,805

Integrated services revenues are recognized where our clients own the accommodations and food services assets and Civeo provides the hospitality services including food service, housekeeping, janitorial, laundry, office cleaning.

Our payment terms vary by the type and location of our customer and the services offered. The term 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 December 31, 2025, 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 December 31, 2025	$	195,788	$	146,281	$	85,716	$	198,277	$	626,062

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.