Seadrill (SDRL) Cost of Revenue (2024 - 2026)

Seadrill's (SDRL) quarterly Cost of Revenue came in at $181.0 million in Q1 2026, up 1.12% year-on-year from $179.0 million in Q1 2025, and up 136.79% quarter-over-quarter from -$492.0 million in Q4 2025.

Seadrill (SDRL) Cost of Revenue (2024 - 2026) Analysis & Trends

Seadrill has disclosed Cost of Revenue across 3 years of filings, most recently posting $181.0 million for Q1 2026.

  • Cost of Revenue for Q1 2026 came in at $181.0 million, up 1.12% year-over-year; the trailing twelve-month figure through Mar 2026 was -$104.0 million (down 145.81% YoY), and the FY2025 annual result was $58.0 million, down 14.71% from the prior year.
  • Cost of Revenue came in at $181.0 million for Q1 2026 at Seadrill, up from -$492.0 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $191.0 million in Q3 2025 to a low of -$492.0 million in Q4 2025.
  • The 3-year median for Cost of Revenue is $19.0 million (2024), against an average of $15.9 million.
  • Peak annual rise in Cost of Revenue reached 905.26% in 2025, while the deepest fall reached 3380.0% in 2025.
  • Seadrill's Cost of Revenue stood at $15.0 million in 2024, then tumbled by 3380.0% to -$492.0 million in 2025, then soared by 136.79% to $181.0 million in 2026.
  • The last three Cost of Revenue figures came in at $181.0 million (Q1 2026), -$492.0 million (Q4 2025), and $191.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Precision Drilling 143.13 Bn 143.07 Bn 120.82 Mn 262.78 Mn
2 Noble 6.93 Bn 6.26 Bn 755.58 Mn 30.11 Mn
3 Transocean 6.19 Bn 5.58 Bn 475.00 Mn 606.00 Mn
4 Patterson Uti Energy 3.93 Bn 3.60 Bn 535.85 Mn 581.49 Mn
5 Helmerich & Payne 3.63 Bn 3.53 Bn 907.56 Mn 24.80 Mn
6 Seadrill 2.49 Bn 2.16 Bn - -
7 Sable Offshore 1.44 Bn 1.38 Bn -66.76 Mn 68.03 Mn
8 Borr Drilling 1.33 Bn 1.08 Bn - -
9 Nabors Industries 1.29 Bn 1.18 Bn 290.08 Mn 493.47 Mn
10 Valaris 452.05 Mn -125.75 Mn 92.00 Mn 373.40 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 181.00 Mn
Mar 31, 2026 181.00 Mn
Dec 31, 2025 -492.00 Mn
Dec 31, 2025 -492.00 Mn
Sep 30, 2025 191.00 Mn
Sep 30, 2025 191.00 Mn
Jun 30, 2025 16.00 Mn
Jun 30, 2025 16.00 Mn
Mar 31, 2025 179.00 Mn
Mar 31, 2025 179.00 Mn
Dec 31, 2024 15.00 Mn
Dec 31, 2024 15.00 Mn
Sep 30, 2024 19.00 Mn
Sep 30, 2024 19.00 Mn
Jun 30, 2024 14.00 Mn
Jun 30, 2024 14.00 Mn
Mar 31, 2024 20.00 Mn
Mar 31, 2024 20.00 Mn