STERLING INFRASTRUCTURE, INC.

For the period ended Sep 30, 2025. Filed Nov 4, 2025.

About 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, 2025 · Filed Nov 4, 2025

STRL$290.67+15.0%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Statements of Changes in Stockholders’ Equity

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

(In thousands)

	Nine Months Ended September 30, 2025
Common Stock · Additional Paid in Capital · Treasury Stock · Retained Earnings · Total Sterling Stockholders’ Equity · Noncontrolling Interests · Total Stockholders’ Equity
Shares · Amount · Shares · Amount
Balance at December 31, 2024	30,669	$312	$288,395	501	$(63,121)	$582,495	$808,081	$18,397	$826,478
Net income	—	—	—	—	—	39,477	39,477	3,114	42,591
Stock-based compensation	—	—	6,976	—	—	—	6,976	—	6,976
Repurchase of common stock	(340)	—	—	340	(43,846)	—	(43,846)	—	(43,846)
Issuance of stock	129	—	(12,321)	(129)	12,817	—	496	—	496
Shares withheld for taxes	(47)	—	—	47	(5,768)	—	(5,768)	—	(5,768)
Balance at March 31, 2025	30,411	$312	$283,050	759	$(99,918)	$621,972	$805,416	$21,511	$826,927
Net income	—	—	—	—	—	70,991	70,991	8,117	79,108
Stock-based compensation	—	—	5,247	—	—	—	5,247	—	5,247
Issuance of stock	11	—	(701)	(11)	1,150	—	449	—	449
Shares withheld for taxes	(3)	—	—	3	(358)	—	(358)	—	(358)
Balance at June 30, 2025	30,419	$312	$287,596	751	$(99,126)	$692,963	$881,745	$29,628	$911,373
Net income	—	—	—	—	—	92,088	92,088	4,241	96,329
Stock-based compensation	—	—	5,599	—	—	—	5,599	—	5,599
Repurchase of common stock	(17)	—	—	17	(4,700)	—	(4,700)	—	(4,700)
Issuance of stock	32	—	(3,145)	(32)	3,605	—	460	—	460
Shares withheld for taxes	(11)	—	—	11	(3,524)	—	(3,524)	—	(3,524)
Stock issued for CEC acquisition	285	3	79,455	—	—	—	79,458	—	79,458
Balance at September 30, 2025	30,708	$315	$369,505	747	$(103,745)	$785,051	$1,051,126	$33,869	$1,084,995

	Nine Months Ended September 30, 2024
Common Stock · Additional Paid in Capital · Treasury Stock · Retained Earnings · Total Sterling Stockholders’ Equity · Noncontrolling Interests · Total Stockholders’ Equity
Shares · Amount · Shares · Amount
Balance at December 31, 2023	30,926	$309	$293,570	—	$—	$325,034	$618,913	$4,940	$623,853
Net income	—	—	—	—	—	31,048	31,048	2,711	33,759
Stock-based compensation	—	—	7,248	—	—	—	7,248	—	7,248
Issuance of stock	358	2	370	—	—	—	372	—	372
Shares withheld for taxes	(124)	—	(13,015)	—	—	—	(13,015)	—	(13,015)
Balance at March 31, 2024	31,160	$311	$288,173	—	$—	$356,082	$644,566	$7,651	$652,217
Net income	—	—	—	—	—	51,879	51,879	2,695	54,574
Stock-based compensation	—	—	4,273	—	—	—	4,273	—	4,273
Repurchase of common stock	(299)	—	—	299	(30,142)	—	(30,142)	—	(30,142)
Issuance of stock	17	1	(1,016)	(13)	1,385	—	370	—	370
Shares withheld for taxes	(2)	—	—	2	(249)	—	(249)	—	(249)
Other	—	—	(29)	—	—	—	(29)	—	(29)
Balance at June 30, 2024	30,876	$312	$291,401	288	$(29,006)	$407,961	$670,668	$10,346	$681,014
Net income	—	—	—	—	—	61,321	61,321	4,072	65,393
Stock-based compensation	—	—	4,776	—	—	—	4,776	—	4,776
Repurchase of common stock	(188)	—	—	188	(20,454)	—	(20,454)	—	(20,454)
Issuance of stock	6	—	(339)	(6)	703	—	364	—	364
Shares withheld for taxes	(1)	—	—	1	(144)	—	(144)	—	(144)
Other	—	—	(7)	—	—	—	(7)	—	(7)
Balance at September 30, 2024	30,693	$312	$295,831	471	$(48,901)	$469,282	$716,524	$14,418	$730,942

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.