Tidewater Inc. (TDGMW) Financial Statements (2026 and earlier)

Company Profile

Business Address 842 WEST SAM HOUSTON PARKWAY NORTH
HOUSTON, TX 77024
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 44 - Water Transportation (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
Q1
12/31/2025
Q4
9/30/2025
Q3
6/30/2025
Q2
3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments578,761428,225369,405341,799324,918280,840
Cash and cash equivalent578,761428,225369,405341,799324,918280,840
Restricted cash and investments   215,2342,0327,259
Receivables(2,317)(3,039)(3,031)(3,144)2,212(3,086)
Prepaid expense38,48227,85724,46723,10134,31926,670
Other undisclosed current assets299,209347,287333,645331,208335,181314,288
Total current assets:914,135800,330724,507698,198698,662625,971
Noncurrent Assets
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization1,072,0201,104,5031,132,1141,163,7581,184,2821,220,056
Deferred costs139,736154,234165,659169,326152,550160,944
Deferred income tax assets200,939     
Other noncurrent assets50,62660,35740,93423,77027,46427,944
Other undisclosed noncurrent assets9,4559,45611,15811,11411,94612,216
Total noncurrent assets:1,472,7761,328,5501,349,8651,367,9681,376,2421,421,160
TOTAL ASSETS:2,386,9112,128,8802,074,3722,066,1662,074,9042,047,131
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities219,516173,458180,020183,203201,279181,936
Accounts payable66,34742,57948,71550,20371,38564,058
Accrued liabilities153,169130,879131,305133,000129,894117,878
Debt5,8455,84093,36680,04265,38653,105
Other liabilities89,87697,16269,68874,29964,94838,532
Total current liabilities:315,237276,460343,074337,544331,613273,573
Noncurrent Liabilities
Long-term debt and lease obligation649,048649,802531,874555,994571,710597,352
Long-term debt, excluding current maturities649,048649,802531,874555,994571,710597,352
Liabilities, other than long-term debt61,37263,59463,19762,26360,39662,366
Other liabilities61,37263,59463,19762,26360,39662,366
Total noncurrent liabilities:710,420713,396595,071618,257632,106659,718
Total liabilities:1,025,657989,856938,145955,801963,719933,291
Equity
Equity, attributable to parent1,365,3881,142,7231,139,7141,113,6241,114,1111,116,480
Common stock505050515252
Additional paid in capital1,663,2471,659,8201,656,6261,652,8561,656,8301,653,027
Accumulated other comprehensive income7,2487,8947,2736,6076,0604,592
Accumulated deficit(305,157)(525,041)(524,235)(545,890)(548,831)(541,191)
Equity, attributable to noncontrolling interest(4,134)(3,699)(3,487)(3,259)(2,926)(2,640)
Total equity:1,361,2541,139,0241,136,2271,110,3651,111,1851,113,840
TOTAL LIABILITIES AND EQUITY:2,386,9112,128,8802,074,3722,066,1662,074,9042,047,131

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
Q1
12/31/2025
Q4
9/30/2025
Q3
6/30/2025
Q2
3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
Revenues336,798341,113341,431333,444345,085340,356
Cost of revenue(172,749)(177,382)(170,462)(166,409)(171,072)(179,555)
Cost of product and service sold(172,119)(176,130)(167,354)(164,979)(170,384)(178,654)
Gross profit:164,049163,731170,969167,035174,013160,801
Operating expenses(100,073)(101,080)(90,047)(91,988)(92,636)(90,855)
Operating income:63,97662,65180,92275,04781,37769,946
Nonoperating expense(11,139)(41,958)(2,636)(6,618)(28,382)(11,072)
Gain (loss), foreign currency transaction, before tax2,1341,27711,7037,569(14,337)5,522
Interest and debt expense (39,019)(27,101)    
Other undisclosed loss from continuing operations before equity method investments, income taxes     (73,218) 
Income (loss) from continuing operations before equity method investments, income taxes:13,818(6,408)78,28668,429(20,223)58,874
Other undisclosed income from continuing operations before income taxes 39,01927,101  73,218 
Income from continuing operations before income taxes:52,83720,69378,28668,42952,99558,874
Income tax expense (benefit)166,612(21,711)(5,584)(26,109)(16,376)(12,883)
Net income (loss):219,449(1,018)72,70242,32036,61945,991
Net income attributable to noncontrolling interest435212228333286380
Net income (loss) available to common stockholders, diluted:219,884(806)72,93042,65336,90546,371

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
Q1
12/31/2025
Q4
9/30/2025
Q3
6/30/2025
Q2
3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
Net income (loss):219,449(1,018)72,70242,32036,61945,991
Other undisclosed comprehensive income (loss)(646)6216665471,468(470)
Comprehensive income (loss):218,803(397)73,36842,86738,08745,521
Comprehensive income, net of tax, attributable to noncontrolling interest435212228333286380
Other undisclosed comprehensive loss, net of tax, attributable to parent(435)(212)(228)(333)(286)(380)
Comprehensive income (loss), net of tax, attributable to parent:218,803(397)73,36842,86738,08745,521

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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