Granite Construction Quarterly Income Statement
NYSE: GVAIndustrialsMilitary/Government/TechnicalUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Granite Construction revenue and earnings
In the quarter ended Jun 30, 2026, Granite Construction generated $1.46 billion in revenue, up 29.3% from the same quarter a year earlier. Granite Construction reported a net loss of $278.2 million, compared with net income of $71.7 million a year earlier. Gross margin was 16.4% (down from 17.7%) and operating margin 8.7%.
Diluted earnings per share came in at -$6.36, down from $1.42.
Summary generated from market data by MetaCap's automated system. Methodology
Granite Construction income statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q2 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.46B | 912.47M | 1.17B | 1.43B | 1.13B | 699.55M | 977.30M | 1.28B | 1.08B | 672.27M | 933.70M | 1.12B |
| Revenue growth (YoY) | +29.30% | +30.44% | +19.24% | +12.39% | +4.02% | +4.06% | +4.67% | +14.21% | +20.47% | +20.03% | +18.31% | +10.70% |
| Cost of Revenue | 1.22B | 802.56M | 997.65M | 1.17B | 926.87M | 615.70M | 826.55M | 1.07B | 917.77M | 617.99M | 839.39M | 950.18M |
| Gross Profit | 238.77M | 109.91M | 167.72M | 260.55M | 199.10M | 83.85M | 150.75M | 202.95M | 164.71M | 54.28M | 94.31M | 166.64M |
| Operating Expenses | 111.96M | 141.04M | 92.74M | 116.90M | 95.53M | 123.60M | 90.21M | 98.65M | 78.89M | 97.58M | 73.68M | 92.83M |
| Selling, General & Admin | 107.79M | 140.95M | 104.12M | 101.64M | 85.89M | 115.91M | 84.47M | 91.65M | 70.05M | 87.99M | 81.99M | 74.79M |
| Operating Income | 126.81M | -31.13M | 74.98M | 143.65M | 103.56M | -39.75M | 60.54M | 104.30M | 85.82M | -43.30M | 20.63M | 73.82M |
| Interest Expense | 21.76M | 16.33M | 18.17M | 13.37M | 7.93M | 7.76M | 7.86M | 7.91M | 5.34M | 8.08M | 6.56M | 4.88M |
| Other Income (Expense) | -366.14M | -17.38M | -1.16M | 3.87M | 3.99M | -332.00K | 5.62M | 5.15M | -26.27M | 4.33M | 9.37M | 6.10M |
| Pretax Income | -239.34M | -48.51M | 73.83M | 147.53M | 107.56M | -40.08M | 66.16M | 109.45M | 59.55M | -38.97M | 30.00M | 79.92M |
| Income Tax | 32.25M | -12.12M | 14.89M | 38.13M | 27.21M | -11.76M | 19.11M | 25.47M | 20.69M | -9.53M | 8.29M | 22.42M |
| Net Income | -278.16M | -41.70M | 52.03M | 102.93M | 71.70M | -33.66M | 41.48M | 78.95M | 36.90M | -30.98M | 26.00M | 57.62M |
| Net Income growth (YoY) | -487.95% | — | +25.42% | +30.37% | +94.34% | — | +59.56% | +37.01% | — | — | +17.89% | -16.85% |
| EPS (Basic) | -6.36 | -0.96 | 1.20 | 2.35 | 1.64 | -0.77 | 0.93 | 1.81 | 0.84 | -0.70 | 0.60 | 1.31 |
| EPS (Diluted) | -6.36 | -0.96 | 1.23 | 1.98 | 1.42 | -0.77 | 0.99 | 1.57 | 0.76 | -0.70 | 0.76 | 1.13 |
| Shares Outstanding (Basic) | 43.75M | 43.53M | — | 43.78M | 43.75M | 43.46M | — | 43.70M | 44.06M | 43.99M | — | 43.92M |
| Shares Outstanding (Diluted) | 43.75M | 43.53M | — | 53.56M | 52.76M | 43.46M | — | 52.37M | 52.73M | 43.99M | — | 53.61M |
| EBITDA | 173.84M | 10.88M | 123.80M | 191.90M | 138.76M | -9.58M | 94.59M | 138.11M | 115.22M | -14.23M | 47.60M | 97.59M |
| Gross Margin | 16.40% | 12.04% | 14.39% | 18.18% | 17.68% | 11.99% | 15.43% | 15.91% | 15.22% | 8.07% | 10.10% | 14.92% |
| Operating Margin | 8.71% | -3.41% | 6.43% | 10.02% | 9.20% | -5.68% | 6.20% | 8.18% | 7.93% | -6.44% | 2.21% | 6.61% |
| Net Margin | -19.11% | -4.57% | 4.46% | 7.18% | 6.37% | -4.81% | 4.24% | 6.19% | 3.41% | -4.61% | 2.78% | 5.16% |
This table shows 12 quarterly periods of Granite Construction's income statement, from Q2 2026 back to Q3 2023, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow GVA's reporting calendar. What is a income statement?