SDRL Seadrill Ltd
FY2025 10-K
Seadrill Ltd (SDRL) filed its fiscal year 2025 10-K annual report with the SEC on Feb 26, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
Business Overview
- • Core business: Worldwide offshore drilling services via ownership and operation of drillships and semi-submersibles for shallow to ultra-deepwater contracts
- • New emphasis: Upgraded drillship entering contract Q2 2026, expanding management services for Sonangol’s two drilling units
Management Discussion & Analysis
- • Revenue $1,437M, up 4% YoY from $1,385M, driven by 8% increase in contract revenues (+$80M) partially offset by declines in reimbursable and leasing revenues
- • Operating profit $47M vs $412M, operating margin 3.3% vs 29.7%, impacted by increased operating expenses (+12%) and loss on impairment of $22M
Risk Factors
- • Regulatory/legal risk: U.S. tariffs under Trade Act of 1974 may impose 10-15% global tariffs, pressuring costs across operating jurisdictions and reducing competitive pricing
- • Geopolitical/macroeconomic threat: Ongoing conflicts in Ukraine and the Middle East create regional instability, potentially disrupting offshore drilling activity and supply chains
Financial SummaryXBRL
Revenue
$1.1B
Net Income
-$77M
Operating Margin
4.3%
Net Margin
-7.1%
ROE
-2.7%
Total Assets
$3.9B
Operating Cash Flow
-$28M
Source: XBRL data from Seadrill Ltd FY2025 10-K filing on SEC EDGAR. All figures in USD.
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