The financials
Transocean Ltd. by the numbers
Transocean Ltd. (RIG) reported revenue of $1.08B in Q1 2026 (quarter ended March 31, 2026), up 19% from the same quarter a year earlier. That came with a gross margin of 44% and net income of $71M (6.6% of revenue). For the full year FY2025, revenue was $3.96B (+13% year on year) and net income −$2.92B. Its largest region in 2026-Q2 was United States at $344M, 38% of the disclosed total, just ahead of Norway at 20%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $1.08B | $906M | +19% |
| Gross profit | $475M | $288M | +65% |
| Operating income | $287M | $64M | +348% |
| Net income | $71M | −$79M | to a profit |
| Diluted EPS | $0.06 | −$0.11 | to a profit |
| Geographic | Revenue | Share |
|---|---|---|
| United States | $344M | 38% |
| Norway | $177M | 20% |
| Brazil | $167M | 18% |
| Other Geographical | $112M | 12% |
| Australia | $107M | 12% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Q2 2026Total $907.0M (-2.2%)
Other Geographical grew +60% year on yearBrazil -24% year on year
Segment Latestquarter on quarteryear on year
- United States$344.0M$344.0MQoQ -21%year on year -16%-21%-16%
- Norway$177.0M$177.0MQoQ -1.1%year on year +26%-1.1%+26%
- Brazil$167.0M$167.0MQoQ -28%year on year -24%-28%-24%
- Other Geographical$112.0M$112.0MQoQ +35%year on year +60%+35%+60%
- Australia$107.0M$107.0MQoQ -year on year +16%-+16%