Seadrill Limited income statement SDRL

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Seadrill Limited reported revenue of $1.1 billion, up 7.9% from the year before. It recorded a net loss of $77.0 million. Operating income came to $47.0 million, an operating margin of 4.3%. Over the twelve months ended Sep 30, 2026, revenue was $1.2 billion and the net loss was $18.0 million. Across the 7 fiscal years shown, revenue grew from $997.0 million in fiscal 2019 to $1.1 billion in fiscal 2025, about 1.5% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

FY 2026
Sep 30, 2026
FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
FY 2021
Dec 31, 2021
FY 2020
Dec 31, 2020
FY 2019
Dec 31, 2019
Revenue
1,234
1,089
+7.9%
1,009
-12.6%
1,154
+101.0%
574
-13.4%
663
+9.6%
605
-39.3%
997
Selling, general and administrative
106
103
-3.7%
107
+44.6%
74
+37.0%
54
-19.4%
67
-9.5%
74
-22.1%
95
Operating income
137
47
-88.6%
412
+25.2%
329
+840.0%
35
+122.4%
-156
+96.5%
-4,481
-1419.0%
-295
Interest income
12
14
-44.0%
25
-28.6%
35
+150.0%
14
+1300.0%
1
-87.5%
8
-77.1%
35
Interest expense
62
61
+0.0%
61
—
—
—
—
—
Other non-operating income (expense)
-80
-41
-20.6%
-34
-36.0%
-25
-933.3%
3
+120.0%
-15
+65.1%
-43
-1333.3%
-3
Equity in earnings of affiliates
0
-10
-11.1%
-9
-124.3%
37
+1950.0%
-2
-166.7%
3
0
+100.0%
-22
Pretax income
7
-51
-115.3%
333
+5.0%
317
+603.2%
-63
+89.0%
-572
+87.1%
-4,431
-483.0%
-760
Income tax
25
26
+123.0%
-113
-764.7%
17
+70.0%
10
0
+100.0%
-1
+97.5%
-40
Net income
-18
-77
—
—
201
+104.3%
—
-4,659
-282.2%
-1,219
Basic EPS
—
—
6.56
+55.1%
4.23
+5.2%
4.02
+168.7%
-5.85
+87.4%
-46.43
-281.2%
-12.18
Diluted EPS
-0.28
—
6.37
+54.6%
4.12
+6.2%
3.88
+166.3%
-5.85
+87.4%
-46.43
-281.2%
-12.18
Weighted average shares, diluted
65
65
-8.5%
71
-4.1%
74
+39.6%
53
-47.0%
100
+0.0%
100
+0.0%
100
Other measures
Depreciation and amortization
289
238
+41.7%
168
+8.4%
155
+14.8%
135
-12.9%
155
-55.2%
346
-18.8%
426
EBITDA
426
285
-50.9%
580
+19.8%
484
+184.7%
170
+17100.0%
-1
+100.0%
-4,135
-3256.5%
131
Interest coverage
2.21x
0.77x
6.75x
—
—
—
—
—
Margins
Operating margin
11.10%
4.32%
40.83%
28.51%
6.10%
-23.53%
-740.66%
-29.59%
Pretax margin
0.57%
-4.68%
33.00%
27.47%
-10.98%
-86.27%
-732.40%
-76.23%
Profit margin
-1.46%
-7.07%
—
—
35.02%
—
-770.08%
-122.27%
EBITDA margin
34.52%
26.17%
57.48%
41.94%
29.62%
-0.15%
-683.47%
13.14%
Effective tax rate
357.14%
—
-33.93%
5.36%
—
—
—
—
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

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Company profile

Industry
Drilling Oil & Gas Wells (SIC 1381)
Listed as
SDRL (NYSE)
Fiscal year ends
December 31
Headquarters
Hamilton
SEC filer status
Large accelerated filer
SEC CIK
1737706
Former names
NEW SDRL LTD. (until Jul 2, 2018)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.