Transocean Ltd. (RIG)
Transocean Ltd. brought in $4B of revenue over the twelve months to September 30, 2026, up 3.9% from a year earlier. Net income was $292M, a net margin of 7.3%. Operating cash flow minus capital spending left $626M of free cash flow in fiscal 2025. At September 30, 2026 it held $499M in cash against $5B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 3, 2026.
Key facts about Transocean Ltd.
- Net worth
- Transocean Ltd. has a market value (market cap) of $5.8B at the latest share price, and shareholders' equity of $8.5B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $4B (+12.5% year on year), with a net loss of $2.9B. Over the 12 months to September 30, 2026: revenue $4B, net income $292M.
- Cash flow
- In fiscal 2025 operations brought in $749M of cash; after $123M of capital spending, free cash flow was $626M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 3, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Transocean Ltd.'s next report is expected around January 29, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Transocean Ltd. does
Transocean Ltd. is registered with the SEC under industry code SIC 1381 (Drilling Oil & Gas Wells). Its shares trade on NYSE under the ticker RIG.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $4B | -$2.9B | -$3.04 | $626M |
| 2024 | $3.5B | -$512M | -$0.76 | $193M |
| 2023 | $2.8B | -$954M | -$1.24 | -$263M |
| 2022 | $2.6B | -$621M | -$0.89 | -$269M |
| 2021 | $2.6B | -$592M | -$0.93 | $367M |
| 2020 | $3.2B | -$567M | -$0.92 | $133M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where RIG ranks in Energy
Latest SEC filings
What Transocean Ltd. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 3, 2026Quarterly report 10-Q · period to September 30, 2026Revenue fell 8.9% to $937M versus the same quarter last year; diluted EPS $0.02 versus -$2.00.
- November 2, 2026Additional proxy material DEFA14A
- November 2, 2026
- October 23, 2026Other event 8-K
- October 19, 2026
- October 15, 2026
- October 14, 2026Additional proxy material DEFA14A
- October 14, 2026Other event 8-K
- October 14, 2026Merger proxy statement DEFM14A
- October 9, 2026
What is RIG worth? A DCF from its reported cash flow
Insider trades
What the people running Transocean Ltd. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| July 2, 2026 | Deaton Chad CDirector | Bought | 35,000 | $173.3K |
| May 26, 2026 | Deaton Chad CDirector | Shares withheld for tax | 20,932 | $140.2K |
| May 26, 2026 | Mohn Frederik WilhelmDirector | Shares withheld for tax | 25,597 | $171.5K |
| May 26, 2026 | Lacey William F.Director | Shares withheld for tax | 20,934 | $140.3K |
| May 22, 2026 | Deaton Chad CDirector | Exercised options | 82,353 | $560.8K |
| May 22, 2026 | Mohn Frederik WilhelmDirector | Exercised options | 82,353 | $560.8K |
| May 22, 2026 | Lacey William F.Director | Exercised options | 82,353 | $560.8K |
| May 21, 2026 | Long Brady KEVP & Chief Legal Officer | Sold | 81,741 | $609K |
Who owns RIG
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Transocean Ltd.13D, may seek influence | 18.1% | February 13, 2026 |
| Frederik W. Mohn13D, may seek influence with 2 related filers | 8.8% | February 11, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 536 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 91,927,924 | +3,556,676 |
| Dimensional Fund Advisors LP | 51,009,878 | +2,190,302 |
| Vanguard Portfolio Management LLC | 49,296,587 | +2,433,857 |
| Two Sigma Investments, LP | 46,205,304 | -258,432 |
| Vanguard Capital Management LLC | 45,200,594 | +928,171 |
| D. E. Shaw & Co., Inc. | 41,793,600 | +2,531,001 |
| Slate Path Capital LP | 37,266,300 | +7,204,200 |
| Capital World Investors | 30,973,850 | +1,398,371 |
| Geode Capital Management, LLC | 28,561,101 | +5,089,504 |
| State Street Corp | 27,148,850 | +2,166,646 |
| Morgan Stanley | 26,692,648 | +4,999,584 |
| UBS Group AG | 26,372,754 | +20,319,471 |
| American Century Companies Inc | 22,939,135 | +179,954 |
| Dalal Street, LLC | 20,398,659 | +5,987 |
| Van Eck Associates Corp | 19,794,432 | -1,342,697 |
| Pilgrim Global Advisors LLC | 17,377,307 | -6,535,813 |
| Goldman Sachs Group Inc | 16,798,179 | +3,896,797 |
| Elliott Investment Management L.P. | 15,626,834 | 0 |
| Assenagon Asset Management S.A. | 15,328,118 | new |
| Voloridge Investment Management, LLC | 14,795,082 | -1,747,635 |
Insiders
11 insiders reported holding 296,326,059 shares in total, about $1.53B at the last price.
| Holder | Shares |
|---|---|
| Mohn Frederik WilhelmDirector | 96,653,79896,574,894 held indirectly |
| PerestroikaDirector | 96,574,89496,574,894 held indirectly |
| Perestroika (Cyprus) LtdDirector | 96,574,894 |
| Thigpen Jeremy DExecutive Chair, Director | 2,614,548 |
| Adamson KeelanPRESIDENT AND CEO, Director | 1,600,884 |
| Long Brady KEVP & Chief Legal Officer | 1,125,438 |
| Vayda Robert ThaddeusEVP, Chief Financial Officer | 352,635 |
| Mackenzie Roderick JamesEVP, Chief Commercial Officer | 268,025 |
| Pack JasonSVP, Chief Accounting Officer | 262,103 |
| Deaton Chad CDirector | 237,421 |
Questions about RIG
What does Transocean Ltd. do?
Transocean Ltd. is a company in the Energy sector, listed on NYSE as RIG. Its shares trade on NYSE under the ticker RIG.
What is Transocean Ltd.'s net worth?
Transocean Ltd. has a market value (market cap) of $5.8B at the latest share price, and shareholders' equity of $8.5B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Transocean Ltd. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $292M on revenue of $4B, a net margin of 7.3%.
How much revenue does Transocean Ltd. make?
Over the twelve months to September 30, 2026 Transocean Ltd. reported revenue of $4B. That is 3.9% more than a year earlier.
When did Transocean Ltd. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 3, 2026. It covers the period to September 30, 2026.
When is Transocean Ltd.'s next earnings report?
Transocean Ltd.'s next report is expected around January 29, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Transocean Ltd. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.