GRANITE CONSTRUCTION INC (GVA) Form 10-Q — Jul 30, 2026
Granite Construction reported a significant net loss of $319.9 million for the six months ended June 30, 2026, swinging from a profit of $38.0 million in the prior year period. The loss was primarily driven by a $369.4 million non-cash loss on convertible debt transactions related to the redemption of its 3.75% convertible notes and the associated derivative bifurcation. Despite the bottom-line loss, core operational performance showed strong growth with revenue increasing 29.8% year-over-year to $2.37 billion and operating income rising 19% to $199.3 million.
Key figures
- Revenue
- 2368337000
- Total Debt
- 1558652000
- Cash Position
- 877121000
- Operating Income
- 199316000
- Loss On Convertible Debt
- 369423000
Price after filing
Close on the filing date to close N calendar days later (from $121.31). Historical, not a forecast.
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