Valaris Quarterly Income Statement
NYSE: VALEnergyOil & Gas ProductionUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Valaris revenue and earnings
In the quarter ended Jun 30, 2026, Valaris generated $539.2 million in revenue, down 12.4% from the same quarter a year earlier. Net income was $50.4 million (-56.2% year over year), for a net margin of 9.3% versus a median of 18.7% in the prior 5 quarters. Gross margin was 22.9% (down from 35.7%) and operating margin 9.5%.
Diluted earnings per share came in at $0.72, down from $1.61.
Summary generated from market data by MetaCap's automated system. Methodology
Valaris income statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 539.20M | 465.40M | 537.40M | 595.70M | 615.20M | 620.70M | 584.40M | 643.10M | 610.10M | 525.00M | 483.80M | 455.10M |
| Revenue growth (YoY) | -12.35% | -25.02% | -8.04% | -7.37% | +0.84% | +18.23% | +20.79% | +41.31% | +46.94% | +22.06% | +11.58% | +4.09% |
| Cost of Revenue | 415.50M | 373.40M | 413.40M | 405.60M | 395.70M | 415.00M | 415.30M | 462.10M | 438.70M | 444.80M | 402.00M | 390.90M |
| Gross Profit | 123.70M | 92.00M | 124.00M | 190.10M | 219.50M | 205.70M | 169.10M | 181.00M | 171.40M | 80.20M | 81.80M | 64.20M |
| Operating Expenses | 72.60M | 72.00M | 84.60M | 59.60M | 55.40M | 62.70M | 49.90M | 86.10M | 62.50M | 50.90M | 43.50M | 47.60M |
| Operating Income | 51.10M | 20.00M | 39.40M | 130.50M | 164.10M | 143.00M | 119.20M | 94.90M | 108.90M | 29.30M | 38.30M | 16.60M |
| Other Income (Expense) | 29.50M | -9.60M | -3.00M | 85.40M | -18.40M | 11.30M | 4.60M | -7.70M | 11.90M | 9.10M | 0 | 11.10M |
| Pretax Income | 80.60M | 10.40M | 36.40M | 215.90M | 145.70M | 154.30M | 123.80M | 87.20M | 120.80M | 38.40M | 38.30M | 27.70M |
| Income Tax | 33.60M | 28.40M | -680.40M | 28.60M | 31.50M | 193.50M | -6.80M | 24.30M | -30.00M | 12.90M | -790.20M | 10.70M |
| Net Income | 50.40M | -16.40M | 717.50M | 188.10M | 115.10M | -37.90M | 133.70M | 64.60M | 149.60M | 25.50M | 835.20M | 12.90M |
| Net Income growth (YoY) | -56.21% | — | +436.65% | +191.18% | -23.06% | -248.63% | -83.99% | +400.78% | — | -45.40% | +2760.27% | -82.64% |
| EPS (Basic) | 0.73 | -0.24 | 10.17 | 2.66 | 1.62 | -0.53 | 1.87 | 0.89 | 2.07 | 0.35 | 11.27 | 0.18 |
| EPS (Diluted) | 0.72 | -0.24 | 10.13 | 2.65 | 1.61 | -0.53 | 1.86 | 0.88 | 2.03 | 0.35 | 11.12 | 0.17 |
| Shares Outstanding (Basic) | 69.30M | 69.20M | — | 70.70M | 71.10M | 71.00M | — | 72.40M | 72.40M | 72.40M | — | 73.70M |
| Shares Outstanding (Diluted) | 70.40M | 69.20M | — | 71.00M | 71.30M | 71.00M | — | 73.20M | 73.70M | 73.60M | — | 74.80M |
| Gross Margin | 22.94% | 19.77% | 23.07% | 31.91% | 35.68% | 33.14% | 28.94% | 28.14% | 28.09% | 15.28% | 16.91% | 14.11% |
| Operating Margin | 9.48% | 4.30% | 7.33% | 21.91% | 26.67% | 23.04% | 20.40% | 14.76% | 17.85% | 5.58% | 7.92% | 3.65% |
| Net Margin | 9.35% | -3.52% | 133.51% | 31.58% | 18.71% | -6.11% | 22.88% | 10.05% | 24.52% | 4.86% | 172.63% | 2.83% |
This table shows 12 quarterly periods of Valaris's income statement, from Q2 2026 back to Q3 2023, across 17 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow VAL's reporting calendar. What is a income statement?