Every 10-Q that Granite Construction Inc. (GVA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow GVA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GVA filings page.
Granite Construction Incorporated generated revenue of $1.46 billion for the quarter and $2.37 billion for the six months ended June 30, 2026, compared with $1.13 billion and $1.83 billion a year earlier. Construction segment revenue was $1.21 billion and Materials segment revenue $248 million in the quarter. Unearned revenue, representing performance obligations not yet recognized as revenue, totaled $5.06 billion at June 30, 2026, with about $4.0 billion expected to be recognized within 12 months.
The company reported a quarterly net loss attributable to Granite of $278.2 million and a six‑month net loss of $319.9 million, versus net income of $71.7 million and $38.0 million in the prior‑year periods. Results were heavily affected by a $359.7 million loss on convertible debt transactions, including remeasurement of the embedded conversion option of the 3.75% convertible notes, which created a $630.5 million derivative liability. Operating income from segments remained positive at $170.6 million for the quarter and $199.3 million year‑to‑date, and operating cash flow for the first half was $141.5 million. Granite also closed the $164.1 million cash acquisition of Kenny Seng Construction and continued integrating the Warren Paving, Papich Construction and Cinderlite acquisitions.
Granite Construction (GVA) grew revenue but remained unprofitable in early 2026. For the quarter ended March 31, 2026, revenue rose to $912.5 million from $699.5 million a year earlier, driven by strong public-sector work and recent acquisitions in both Construction and Materials.
Despite higher sales, Granite reported a net loss attributable to shareholders of $41.7 million, versus a $33.7 million loss last year, with diluted loss per share widening to $0.96 from $0.77. Construction gross profit increased on better project execution, while the Materials segment swung from a small loss to a profit helped by acquisitions.
The company ended the quarter with $3.8 billion of unearned revenue and total Committed and Awarded Projects (CAP) of $7.2 billion, mostly public work, providing multi‑year visibility. Granite also executed a cash-settled exchange of $100 million of 3.75% convertible notes for $289.7 million, recorded inducement and related charges, and now has both its 3.25% and 3.75% convertible notes temporarily convertible. After quarter‑end it agreed to acquire Kenny Seng Construction for $164.1 million and drew $170 million on its revolving credit facility to help fund the deal.
Granite Construction (GVA) reported stronger Q3 results. Revenue rose to $1.43 billion from $1.28 billion, lifting gross profit to $260.5 million. Net income attributable to Granite increased to $102.9 million, with diluted EPS of $1.98 versus $1.57 a year ago. Operating income improved to $143.7 million.
The company closed two strategic deals on August 5, 2025: Warren Paving for $540.0 million and Papich Construction for $170.0 million, adding revenue and gross profit in both Construction and Materials. Subsequent to quarter-end, Granite acquired Cinderlite for $58.5 million. To support these moves, Granite entered a new Credit Agreement, including a $600.0 million term loan and a $600.0 million revolver; it also initiated interest rate swaps effective January 2026 on $350 million of notional to fix SOFR-based borrowings at 3.218% plus margin.
Unearned revenue (backlog under contract) reached $4.33 billion, with about $3.2 billion expected to convert within 12 months. Operating cash flow was $289.6 million year-to-date, while investing cash outflows of $(947.8) million reflected acquisition spending. Materials revenue grew to $271.0 million, driven by aggregates and asphalt.