GRANITE CONSTRUCTION INC
For the period ended Dec 31, 2025. Filed Feb 13, 2026.
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FY2025 · Filed Feb 13, 2026
GVA$124.92+3.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(dollars in thousands, except share and per share data)
| December 31, | 2025 | 2024 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents ($145,584 and $173,894 related to consolidated construction joint ventures (“CCJVs”)) | $529,220 | $578,330 |
| Short-term marketable securities | 71,021 | 7,311 |
| Receivables, net ($37,398 and $33,708 related to CCJVs) | 630,392 | 511,742 |
| Contract assets ($34,057 and $115,834 related to CCJVs) | 236,879 | 328,353 |
| Inventories | 143,129 | 108,175 |
| Equity in unconsolidated construction joint ventures | 134,670 | 140,928 |
| Other current assets ($3,255 and $3,982 related to CCJVs) | 66,920 | 41,824 |
| Total current assets | 1,812,231 | 1,716,663 |
| Property and equipment, net ($4,961 and $6,792 related to CCJVs) | 1,260,823 | 716,184 |
| Long-term marketable securities | 49,534 | — |
| Investments in affiliates | 96,764 | 94,031 |
| Goodwill | 400,814 | 214,465 |
| Intangible assets | 179,548 | 127,886 |
| Right of use assets | 152,678 | 89,791 |
| Other noncurrent assets | 78,001 | 66,635 |
| Total assets | $4,030,393 | $3,025,655 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Current maturities of long-term debt | $375,896 | $1,109 |
| Accounts payable ($46,708 and $74,745 related to CCJVs) | 430,298 | 407,223 |
| Contract liabilities ($63,500 and $80,096 related to CCJVs) | 327,372 | 299,671 |
| Accrued expenses and other current liabilities ($2,922 and $4,706 related to CCJVs) | 348,179 | 323,956 |
| Total current liabilities | 1,481,745 | 1,031,959 |
| Long-term debt | 963,233 | 737,939 |
| Long-term lease liabilities | 125,733 | 73,638 |
| Deferred income taxes, net | 141,489 | 13,874 |
| Other long-term liabilities | 96,660 | 88,882 |
| Commitments and contingencies (see Note 20) | ||
| Equity: | ||
| Preferred stock, $0.01 par value, authorized 3,000,000 shares, none outstanding | — | — |
| Common stock, $0.01 par value, authorized 150,000,000 shares; issued and outstanding: 43,496,781 shares as of December 31, 2025 and 43,424,646 shares as of December 31, 2024 | 435 | 434 |
| Additional paid-in capital | 402,391 | 410,739 |
| Accumulated other comprehensive income (loss) | 1,581 | (582) |
| Retained earnings | 774,641 | 604,635 |
| Total Granite Construction Incorporated shareholders’ equity | 1,179,048 | 1,015,226 |
| Non-controlling interests | 42,485 | 64,137 |
| Total equity | 1,221,533 | 1,079,363 |
| Total liabilities and equity | $4,030,393 | $3,025,655 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.