Valaris Ltd (VALWT) Financial Statements (2026 and earlier)

Company Profile

Business Address CLARENDON HOUSE
HAMILTON, HM 11
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 1381 - Drilling Oil and Gas Wells (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments599368621724609326
Cash and cash equivalent599368621724609326
Receivables475571459449444449
Inventory, net of allowances, customer advances and progress billings      279
Inventory      279
Other current assets 145127177149118398
Other undisclosed current assets612152436(279)
Total current assets:1,2251,0791,2721,3461,2071,173
Noncurrent Assets
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization2,0891,9331,63497789110,961
Long-term investments and receivables122113124365336564
Due from related parties✕✕✕✕254249443
Long-term investments12211312411187121
Deferred income tax assets1,364850855   
Other noncurrent assets160149154172176176
Other receivable, after allowance for credit loss345296282✕✕✕
Total noncurrent assets:4,0803,3413,0501,5141,40311,700
TOTAL ASSETS:5,3054,4204,3222,8602,60912,873
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities348329400257226176
Accounts payable348329400257226176
Deferred revenue   116   
Other liabilities343351344248196250
Other undisclosed current liabilities   (116)   
Total current liabilities:692680744504422427
Noncurrent Liabilities
Long-term debt and lease obligation1,0861,0831,079542545 
Long-term debt, excluding current maturities1,0861,0831,079542545 
Liabilities, other than long-term debt356413502516581762
Deferred income tax liabilities303030   
Other liabilities326383472516581762
Other undisclosed noncurrent liabilities      7,314
Total noncurrent liabilities:1,4421,4961,5811,0581,1268,076
Total liabilities:2,1332,1762,3251,5621,5488,503
Equity
Equity, attributable to parent, including:3,1702,2391,9881,2901,0584,375
Treasury stock, value(425)(325)(200)  (76)
Additional paid in capital1,1351,1131,1201,0981,0838,640
Accumulated other comprehensive income (loss)61342515(9)(88)
Retained earnings (accumulated deficit)2,3821,3991,026160(33)(4,184)
Warrants and rights outstanding1616161616 
Other undisclosed equity, attributable to parent1111183
Equity, attributable to noncontrolling interest26983(4)
Total equity:3,1722,2441,9971,2981,0614,370
TOTAL LIABILITIES AND EQUITY:5,3054,4204,3222,8602,60912,873

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

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues2,3692,3631,7841,603 1,427
Cost of revenue(1,630)(1,761)(1,544)(91) (4,402)
Cost of product and service sold(1,630)(1,761)(1,544)(91) (541)
Gross profit:7396022411,511 (2,974)
Operating expenses(271)(238)(200)  (1,459)
Other operating income, net
(Other undisclosed Other operating income, net)		      
Other undisclosed operating income (loss)8(11)13(1,474) 110
Operating income (loss):4773525437 (4,323)
Nonoperating income (expense)751831188 (794)
Other nonoperating income (expense)10317(2)170 4
Interest and debt expense   (29)(45) 3
Other undisclosed loss from continuing operations before equity method investments, income taxes      (3)
Income (loss) from continuing operations before equity method investments, income taxes:55237055180 (5,117)
Other undisclosed income from continuing operations before income taxes   2945  
Income (loss) from continuing operations before income taxes:55237084225 (5,117)
Income tax expense (benefit)427(0)783(43) 259
Income (loss) from continuing operations:979370867182 (4,858)
Loss before gain (loss) on sale of properties:✕✕✕✕✕✕(4,858)
Net income (loss):979370867182 (4,858)
Net income (loss) attributable to noncontrolling interest44(1)(5) 2
Net income (loss) available to common stockholders, diluted:983373865177 (4,856)

Comprehensive Income ($ in millions)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):979370867182 (4,858)
Other comprehensive income (loss)27911240(94)
Comprehensive income (loss):1,0063798772060(4,952)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest44(1)(5) 2
Comprehensive income (loss), net of tax, attributable to parent:1,0103828762000(4,950)

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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