GRANITE CONSTRUCTION INC

For the period ended Dec 31, 2025. Filed Feb 13, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 13, 2026

GVA$124.92+3.7%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

(dollars in thousands, except share and per share data)

Years Ended December 31,	2025	2024	2023
Revenue	$4,424,379	$4,007,574	$3,509,138
Cost of revenue	3,713,163	3,434,877	3,112,739
Gross profit	711,216	572,697	396,399
Selling, general and administrative expenses	407,561	334,162	294,466
Other costs, net (see Note 1)	41,416	39,936	50,217
Gain on sales of property and equipment, net	(20,207)	(8,764)	(28,346)
Operating income	282,446	207,363	80,062
Other (income) expense:
Loss on debt extinguishment	—	27,552	51,052
Interest income	(26,878)	(24,349)	(17,538)
Interest expense	47,223	29,188	18,462
Equity in income of affiliates, net	(14,958)	(16,982)	(25,748)
Other income, net	(11,768)	(4,238)	(6,020)
Total other (income) expense, net	(6,381)	11,171	20,208
Income before income taxes	288,827	196,192	59,854
Provision for income taxes	68,476	55,749	30,267
Net income	220,351	140,443	29,587
Amount attributable to non-controlling interests	(27,348)	(14,097)	14,012
Net income attributable to Granite Construction Incorporated	$193,003	$126,346	$43,599
Net income per share attributable to common shareholders (see Note 18):
Basic earnings per share	$4.42	$2.88	$0.99
Diluted earnings per share	$3.86	$2.62	$0.97
Weighted average shares outstanding:
Basic	43,649	43,846	43,879
Diluted	53,132	52,514	52,565

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.