STERLING INFRASTRUCTURE, INC.
For the period ended Sep 30, 2026. Filed Oct 29, 2026.
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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
STRL$290.67+15.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
| September 30, | December 31, | |
|---|---|---|
| 2026 | 2025 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents ($200,130 and $76,154 related to variable interest entities (“VIEs”)) | $216,937 | $390,721 |
| Accounts receivable ($269,800 and $29,196 related to VIEs) | 1,226,060 | 501,163 |
| Contract assets ($656 and $5,057 related to VIEs) | 168,095 | 101,154 |
| Receivables from and equity in construction joint ventures | 9,422 | 6,179 |
| Other current assets | 30,173 | 35,245 |
| Total current assets | 1,650,687 | 1,034,462 |
| Property and equipment, net | 357,743 | 278,269 |
| Investment in unconsolidated subsidiaries | 99,017 | 105,813 |
| Operating lease right-of-use assets, net | 68,446 | 58,167 |
| Goodwill | 628,053 | 585,221 |
| Other intangibles, net | 659,335 | 554,702 |
| Other non-current assets, net | 18,699 | 17,197 |
| Total assets | $3,481,980 | $2,633,831 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable ($118,509 and $22,104 related to VIEs) | $387,993 | $226,810 |
| Contract liabilities ($248,619 and $89,630 related to VIEs) | 917,425 | 652,357 |
| Current maturities of long-term debt | 143 | 15,146 |
| Current portion of long-term lease obligations | 14,743 | 18,679 |
| Accrued compensation ($1,336 and $0 related to VIEs) | 108,046 | 62,657 |
| Other current liabilities ($12 and $0 related to VIEs) | 163,879 | 46,805 |
| Total current liabilities | 1,592,229 | 1,022,454 |
| Long-term debt | 95,127 | 275,903 |
| Long-term lease obligations | 55,793 | 40,186 |
| Deferred tax liability, net | 134,911 | 123,145 |
| Other long-term liabilities | 48,976 | 65,708 |
| Total liabilities | 1,927,036 | 1,527,396 |
| Commitments and contingencies (Note 11) | ||
| Stockholders’ equity: | ||
| Common stock, par value $0.01 per share; 58,000 shares authorized, 31,487 and 31,455 shares issued and 30,600 and 30,682 shares outstanding | 315 | 315 |
| Additional paid in capital | 410,738 | 366,101 |
| Treasury stock, at cost: 887 and 773 shares | (242,485) | (130,547) |
| Retained earnings | 1,339,376 | 872,648 |
| Total Sterling stockholders’ equity | 1,507,944 | 1,108,517 |
| Noncontrolling interests | 47,000 | (2,082) |
| Total stockholders’ equity | 1,554,944 | 1,106,435 |
| Total liabilities and stockholders’ equity | $3,481,980 | $2,633,831 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.