# Granite Construction Inc: financial statements, quarterly

GVA · NYSE · CIK 861459 · [Industrials](/sectors/industrials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/gva.md) · [Financials](/companies/gva/financials.md) · [Filings](/companies/gva/filings.md) · [Insiders](/companies/gva/insiders.md)

Standardized line items from XBRL company facts. Each value links to its filing; d marks a value derived from year-to-date figures. Other view: [annual](/companies/gva/financials.md?period=annual).

## Income statement

| Line item | Unit | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q2 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [934 d](/filings/0000861459-26-000004.md) | [672](/filings/0000861459-25-000021.md) | [1,082](/filings/0000861459-25-000041.md) | [1,276](/filings/0000861459-25-000053.md) | [977 d](/filings/0000861459-26-000004.md) | [700](/filings/0000861459-26-000018.md) | [1,126](/filings/0000861459-26-000029.md) | [1,433](/filings/0000861459-26-000042.md) | [1,165 d](/filings/0000861459-26-000004.md) | [912](/filings/0000861459-26-000018.md) | [1,456](/filings/0000861459-26-000029.md) | [1,766](/filings/0000861459-26-000042.md) |
| Cost of revenue | $m | [839 d](/filings/0000861459-26-000004.md) | [618](/filings/0000861459-25-000021.md) | [918](/filings/0000861459-25-000041.md) | [1,073](/filings/0000861459-25-000053.md) | [827 d](/filings/0000861459-26-000004.md) | [616](/filings/0000861459-26-000018.md) | [927](/filings/0000861459-26-000029.md) | [1,173](/filings/0000861459-26-000042.md) | [998 d](/filings/0000861459-26-000004.md) | [803](/filings/0000861459-26-000018.md) | [1,217](/filings/0000861459-26-000029.md) | [1,431](/filings/0000861459-26-000042.md) |
| Gross profit | $m | [94.3 d](/filings/0000861459-26-000004.md) | [54.3](/filings/0000861459-25-000021.md) | [165](/filings/0000861459-25-000041.md) | [203](/filings/0000861459-25-000053.md) | [151 d](/filings/0000861459-26-000004.md) | [83.8](/filings/0000861459-26-000018.md) | [199](/filings/0000861459-26-000029.md) | [261](/filings/0000861459-26-000042.md) | [168 d](/filings/0000861459-26-000004.md) | [110](/filings/0000861459-26-000018.md) | [239](/filings/0000861459-26-000029.md) | [336](/filings/0000861459-26-000042.md) |
| Selling, general and administrative | $m | [82.0 d](/filings/0000861459-26-000004.md) | [88.0](/filings/0000861459-25-000021.md) | [70.1](/filings/0000861459-25-000041.md) | [91.7](/filings/0000861459-25-000053.md) | [84.5 d](/filings/0000861459-26-000004.md) | [116](/filings/0000861459-26-000018.md) | [85.9](/filings/0000861459-26-000029.md) | [102](/filings/0000861459-26-000042.md) | [104 d](/filings/0000861459-26-000004.md) | [141](/filings/0000861459-26-000018.md) | [108](/filings/0000861459-26-000029.md) | [104](/filings/0000861459-26-000042.md) |
| Operating income | $m | [20.6 d](/filings/0000861459-26-000004.md) | [(43.3)](/filings/0000861459-25-000021.md) | [85.8](/filings/0000861459-25-000041.md) | [104](/filings/0000861459-25-000053.md) | [60.5 d](/filings/0000861459-26-000004.md) | [(39.8)](/filings/0000861459-26-000018.md) | [104](/filings/0000861459-26-000029.md) | [144](/filings/0000861459-26-000042.md) | [75.0 d](/filings/0000861459-26-000004.md) | [(31.1)](/filings/0000861459-26-000018.md) | [127](/filings/0000861459-26-000029.md) | [224](/filings/0000861459-26-000042.md) |
| Interest expense | $m | [6.6 d](/filings/0000861459-24-000006.md) | [8.1](/filings/0000861459-24-000020.md) | [5.3](/filings/0000861459-24-000035.md) | [7.9](/filings/0000861459-25-000053.md) | [7.9 d](/filings/0000861459-26-000004.md) | [7.8](/filings/0000861459-26-000018.md) | [7.9](/filings/0000861459-26-000029.md) | [13.4](/filings/0000861459-26-000042.md) | [18.2 d](/filings/0000861459-26-000004.md) | [16.3](/filings/0000861459-26-000018.md) | [21.8](/filings/0000861459-26-000029.md) | [291](/filings/0000861459-26-000042.md) |
| Income tax | $m | [8.3 d](/filings/0000861459-26-000004.md) | [(9.5)](/filings/0000861459-25-000021.md) | [20.7](/filings/0000861459-25-000041.md) | [25.5](/filings/0000861459-25-000053.md) | [19.1 d](/filings/0000861459-26-000004.md) | [(11.8)](/filings/0000861459-26-000018.md) | [27.2](/filings/0000861459-26-000029.md) | [38.1](/filings/0000861459-26-000042.md) | [14.9 d](/filings/0000861459-26-000004.md) | [(12.1)](/filings/0000861459-26-000018.md) | [32.2](/filings/0000861459-26-000029.md) | [56.8](/filings/0000861459-26-000042.md) |
| Net income | $m | [26.0 d](/filings/0000861459-26-000004.md) | [(31.0)](/filings/0000861459-25-000021.md) | [36.9](/filings/0000861459-25-000041.md) | [79.0](/filings/0000861459-25-000053.md) | [41.5 d](/filings/0000861459-26-000004.md) | [(33.7)](/filings/0000861459-26-000018.md) | [71.7](/filings/0000861459-26-000029.md) | [103](/filings/0000861459-26-000042.md) | [52.0 d](/filings/0000861459-26-000004.md) | [(41.7)](/filings/0000861459-26-000018.md) | [(278)](/filings/0000861459-26-000029.md) | [3.2](/filings/0000861459-26-000042.md) |
| Diluted EPS | $ per share | not reported | [(0.70)](/filings/0000861459-25-000021.md) | [0.76](/filings/0000861459-25-000041.md) | [1.57](/filings/0000861459-25-000053.md) | not reported | [(0.77)](/filings/0000861459-26-000018.md) | [1.42](/filings/0000861459-26-000029.md) | [1.98](/filings/0000861459-26-000042.md) | not reported | [(0.96)](/filings/0000861459-26-000018.md) | [(6.36)](/filings/0000861459-26-000029.md) | [0.07](/filings/0000861459-26-000042.md) |
| Basic EPS | $ per share | not reported | [(0.70)](/filings/0000861459-25-000021.md) | [0.84](/filings/0000861459-25-000041.md) | [1.81](/filings/0000861459-25-000053.md) | not reported | [(0.77)](/filings/0000861459-26-000018.md) | [1.64](/filings/0000861459-26-000029.md) | [2.35](/filings/0000861459-26-000042.md) | not reported | [(0.96)](/filings/0000861459-26-000018.md) | [(6.36)](/filings/0000861459-26-000029.md) | [0.07](/filings/0000861459-26-000042.md) |

- Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
- Cost of revenue: us-gaap:CostOfGoodsAndServicesSold
- Gross profit: us-gaap:GrossProfit
- Selling, general and administrative: us-gaap:SellingGeneralAndAdministrativeExpense
- Operating income: us-gaap:OperatingIncomeLoss
- Interest expense: us-gaap:InterestExpense, us-gaap:InterestExpenseNonoperating
- Income tax: us-gaap:IncomeTaxExpenseBenefit
- Net income: us-gaap:NetIncomeLoss
- Diluted EPS: us-gaap:EarningsPerShareDiluted
- Basic EPS: us-gaap:EarningsPerShareBasic

## Balance sheet

| Line item | Unit | FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q2 FY2024 (2024-09-30) | FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | $m | [418](/filings/0000861459-25-000007.md) | [322](/filings/0000861459-24-000020.md) | [367](/filings/0000861459-24-000035.md) | [462](/filings/0000861459-24-000045.md) | [578](/filings/0000861459-26-000004.md) | [379](/filings/0000861459-25-000021.md) | [322](/filings/0000861459-25-000041.md) | [442](/filings/0000861459-25-000053.md) | [529](/filings/0000861459-26-000042.md) | [266](/filings/0000861459-26-000018.md) | [877](/filings/0000861459-26-000029.md) | [480](/filings/0000861459-26-000042.md) |
| Current assets | $m | [1,643](/filings/0000861459-25-000007.md) | [1,418](/filings/0000861459-24-000020.md) | [1,706](/filings/0000861459-24-000035.md) | [1,814](/filings/0000861459-24-000045.md) | [1,717](/filings/0000861459-26-000004.md) | [1,499](/filings/0000861459-25-000021.md) | [1,692](/filings/0000861459-25-000041.md) | [1,980](/filings/0000861459-25-000053.md) | [1,812](/filings/0000861459-26-000042.md) | [1,605](/filings/0000861459-26-000018.md) | [2,450](/filings/0000861459-26-000029.md) | [2,123](/filings/0000861459-26-000042.md) |
| Total assets | $m | [2,814](/filings/0000861459-25-000007.md) | [2,595](/filings/0000861459-24-000020.md) | [2,881](/filings/0000861459-24-000035.md) | [3,131](/filings/0000861459-24-000045.md) | [3,026](/filings/0000861459-26-000004.md) | [2,907](/filings/0000861459-25-000021.md) | [3,106](/filings/0000861459-25-000041.md) | [4,145](/filings/0000861459-25-000053.md) | [4,030](/filings/0000861459-26-000042.md) | [3,780](/filings/0000861459-26-000018.md) | [4,779](/filings/0000861459-26-000029.md) | [4,468](/filings/0000861459-26-000042.md) |
| Current liabilities | $m | [1,030](/filings/0000861459-25-000007.md) | [936](/filings/0000861459-24-000020.md) | [1,016](/filings/0000861459-24-000035.md) | [1,165](/filings/0000861459-24-000045.md) | [1,032](/filings/0000861459-26-000004.md) | [954](/filings/0000861459-25-000021.md) | [1,076](/filings/0000861459-25-000041.md) | [1,634](/filings/0000861459-25-000053.md) | [1,482](/filings/0000861459-26-000042.md) | [1,479](/filings/0000861459-26-000018.md) | [2,419](/filings/0000861459-26-000029.md) | [1,906](/filings/0000861459-26-000042.md) |
| Long-term debt | $m | [615](/filings/0000861459-25-000007.md) | [513](/filings/0000861459-24-000020.md) | [737](/filings/0000861459-24-000035.md) | [737](/filings/0000861459-24-000045.md) | [738](/filings/0000861459-26-000004.md) | [739](/filings/0000861459-25-000021.md) | [733](/filings/0000861459-25-000041.md) | [966](/filings/0000861459-25-000053.md) | [963](/filings/0000861459-26-000042.md) | [861](/filings/0000861459-26-000018.md) | [1,178](/filings/0000861459-26-000029.md) | [1,174](/filings/0000861459-26-000042.md) |
| Current portion of debt | $m | [39.9](/filings/0000861459-25-000007.md) | [40.0](/filings/0000861459-24-000020.md) | [1.5](/filings/0000861459-24-000035.md) | [1.1](/filings/0000861459-24-000045.md) | [1.1](/filings/0000861459-26-000004.md) | [1.1](/filings/0000861459-25-000021.md) | [7.3](/filings/0000861459-25-000041.md) | [372](/filings/0000861459-25-000053.md) | [376](/filings/0000861459-26-000042.md) | [380](/filings/0000861459-26-000018.md) | [381](/filings/0000861459-26-000029.md) | [382](/filings/0000861459-26-000042.md) |
| Shareholders' equity | $m | [977](/filings/0000861459-25-000007.md) | [946](/filings/0000861459-24-000020.md) | [932](/filings/0000861459-24-000035.md) | [1,007](/filings/0000861459-24-000045.md) | [1,015](/filings/0000861459-26-000004.md) | [994](/filings/0000861459-25-000021.md) | [1,063](/filings/0000861459-25-000041.md) | [1,156](/filings/0000861459-25-000053.md) | [1,179](/filings/0000861459-26-000042.md) | [1,032](/filings/0000861459-26-000018.md) | [753](/filings/0000861459-26-000029.md) | [946](/filings/0000861459-26-000042.md) |

- Cash and equivalents: us-gaap:CashAndCashEquivalentsAtCarryingValue
- Current assets: us-gaap:AssetsCurrent
- Total assets: us-gaap:Assets
- Current liabilities: us-gaap:LiabilitiesCurrent
- Long-term debt: us-gaap:LongTermDebtNoncurrent
- Current portion of debt: us-gaap:LongTermDebtCurrent
- Shareholders' equity: us-gaap:StockholdersEquity

## Cash flow

| Line item | Unit | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Operating cash flow | $m | [150 d](/filings/0000861459-26-000004.md) | [24.1](/filings/0000861459-25-000021.md) | [(2.0) d](/filings/0000861459-25-000041.md) | [261 d](/filings/0000861459-25-000053.md) | [173 d](/filings/0000861459-26-000004.md) | [3.6](/filings/0000861459-26-000018.md) | [1.8 d](/filings/0000861459-26-000029.md) | [284 d](/filings/0000861459-26-000042.md) | [179 d](/filings/0000861459-26-000004.md) | [(30.9)](/filings/0000861459-26-000018.md) | [172 d](/filings/0000861459-26-000029.md) | [263 d](/filings/0000861459-26-000042.md) |
| Capital expenditure | $m | [31.4 d](/filings/0000861459-26-000004.md) | [27.9](/filings/0000861459-25-000021.md) | [39.0 d](/filings/0000861459-25-000041.md) | [41.3 d](/filings/0000861459-25-000053.md) | [28.2 d](/filings/0000861459-26-000004.md) | [32.2](/filings/0000861459-26-000018.md) | [28.8 d](/filings/0000861459-26-000029.md) | [26.7 d](/filings/0000861459-26-000042.md) | [50.5 d](/filings/0000861459-26-000004.md) | [26.1](/filings/0000861459-26-000018.md) | [29.7 d](/filings/0000861459-26-000029.md) | [34.0 d](/filings/0000861459-26-000042.md) |
| Dividends paid | $m | [5.7 d](/filings/0000861459-26-000004.md) | [5.7](/filings/0000861459-25-000021.md) | [5.7 d](/filings/0000861459-25-000041.md) | [5.7 d](/filings/0000861459-25-000053.md) | [5.7 d](/filings/0000861459-26-000004.md) | [5.7](/filings/0000861459-26-000018.md) | [5.7 d](/filings/0000861459-26-000029.md) | [5.7 d](/filings/0000861459-26-000042.md) | [5.7 d](/filings/0000861459-26-000004.md) | [5.7](/filings/0000861459-26-000018.md) | [5.7 d](/filings/0000861459-26-000029.md) | [5.7 d](/filings/0000861459-26-000042.md) |
| Share repurchases | $m | [0.2 d](/filings/0000861459-26-000004.md) | [7.4](/filings/0000861459-25-000021.md) | [13.7 d](/filings/0000861459-25-000041.md) | [0.2 d](/filings/0000861459-25-000053.md) | [29.2 d](/filings/0000861459-26-000004.md) | [15.2](/filings/0000861459-26-000018.md) | [0.1 d](/filings/0000861459-26-000029.md) | [6.3 d](/filings/0000861459-26-000042.md) | [26.6 d](/filings/0000861459-26-000004.md) | [18.4](/filings/0000861459-26-000018.md) | [0.2 d](/filings/0000861459-26-000029.md) | [37.1 d](/filings/0000861459-26-000042.md) |

- Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities
- Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
- Dividends paid: us-gaap:PaymentsOfDividendsCommonStock
- Share repurchases: us-gaap:PaymentsForRepurchaseOfCommonStock

## Shares

| Line item | Unit | Q1 FY2023 (2023-03-31) | Q2 FY2023 (2023-06-30) | Q3 FY2023 (2023-09-30) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q2 FY2024 (2024-09-30) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Diluted shares (weighted) | millions of shares | [43.8](/filings/0000861459-24-000020.md) | [43.9](/filings/0000861459-24-000035.md) | [53.6](/filings/0000861459-24-000045.md) | [44.0](/filings/0000861459-25-000021.md) | [52.7](/filings/0000861459-25-000041.md) | [52.4](/filings/0000861459-25-000053.md) | [43.5](/filings/0000861459-26-000018.md) | [52.8](/filings/0000861459-26-000029.md) | [53.6](/filings/0000861459-26-000042.md) | [43.5](/filings/0000861459-26-000018.md) | [43.8](/filings/0000861459-26-000029.md) | [46.3](/filings/0000861459-26-000042.md) |

- Diluted shares (weighted): us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

Shares outstanding: 44,130,293 at 2026-10-23, from the cover of the [10-Q filed 2026-10-29](/filings/0000861459-26-000042.md) (dei:EntityCommonStockSharesOutstanding).

Source: SEC EDGAR, XBRL company facts. Last ingested by Listed: Oct 29, 2026, 20:02 ET. No prices; not investment advice.