Short answer
GRANITE CONSTRUCTION INC (GVA) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $1.4B (down 39.2% year over year) with net income of $103M.
Q3 2025 key financials · XBRL
- Revenue
- $1.4B
- −39.2% YoY · +27.3% QoQ
- Net income
- $103M
- −11.2% YoY · +43.6% QoQ
- Operating margin
- 10.0%
- Gross margin
- 18.2%
- EPS (diluted)
- $1.99
- −20.1% YoY · +23.6% QoQ
Source: XBRL data from the GRANITE CONSTRUCTION INC (GVA) Q3 2025 10-Q on SEC EDGAR. USD.
GRANITE CONSTRUCTION INC Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New risk: Potential material impact from U.S. government shutdown starting Oct 1, 2025, depending on length (triggered by funding impasse)
- Material update: Increased acquisition-related costs and integration expenses due to 2025 acquisitions totaling $768.5 million, affecting comparability and expenses
- Regulatory risk: Ongoing SEC civil litigation involving former Company officer driving increased legal costs in 2025, disclosed under other costs, net
- Operational risk: Supply chain, inflation, labor constraints and tariff uncertainties remain significant but partially mitigated via fixed forward purchase contracts and surcharges, impacting near-term margins
- Financial risk: Convertible Notes $373.8 million reclassified as current liability due to conversion condition met, with cash settlement required on principal upon conversion
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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