GRANITE CONSTRUCTION INC
For the period ended Sep 30, 2026. Filed Oct 29, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 29, 2026
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2026-06-30; filed 2026-07-30.
0000861459-26-000029
Item 1A. Risk FactorsCurrent report: 10-Q
Period ended 2026-09-30; filed 2026-10-29.
0000861459-26-000042
Item 1A. Risk FactorsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 5 previous paragraphs and 2 current paragraphs.
1 unchanged; 1 reworded; 0 added; 3 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
The current filing states there were no material changes to risk factors.
This is the filer’s own statement, not a conclusion from the comparison. Read its qualifications and the report it references.
Current filing’s statement
There have been no material changes in the risk factors previously disclosed in “Item 1A. Risk Factors” in our Annual Report.
Removed paragraphs (3)
Previous report
The embedded conversion option associated with our 3.75% Convertible Notes is accounted for as a derivative liability and is recorded at fair value with changes in fair value reported in earnings, which may have an adverse effect on the price of our common stock.
Previous report
As a result of the Conversion Election, the embedded conversion option associated with our 3.75% Convertible Notes is accounted for as a derivative in accordance with the guidance of ASC 815. Changes in the fair value of the embedded conversion option derivative liability are recognized as gains or losses in the consolidated statements of operations as of each balance sheet date and through the date of settlement. Based on our valuation methodology, the fair value of the embedded conversion option derivative is impacted by fluctuations in the price of our common stock. The price of our common stock can be volatile and is subject to factors beyond our control. These factors include, but are not limited to, those more specifically described in our Annual Report under “Item 1A. Risk Factors.”
Previous report
Material fluctuations in the price of our common stock from measurement date to measurement date will cause changes in the fair value of our embedded conversion option derivative liability, which can materially impact our operating results and, as a result, the price of our common stock. During the three and six months ended June 30, 2026, we recognized losses on derivative remeasurement of $356.7 million and $363.5 million, respectively, with such changes presented in Loss on convertible debt transactions, net in our Condensed Consolidated Statement of Operations.
Reworded paragraphs (1)
Previous wording
There have been no material changes in the risk factors previously disclosed in “Item 1A. Risk Factors” in our Annual Report other than as noted below.
Current wording
There have been no material changes in the risk factors previously disclosed in “Item 1A. Risk Factors” in our Annual Report.