Granite Construction GVA Performance Obligations — Revenue adjustment
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Where this comes from
Reported directly by Granite Construction in its filing.
Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice.
The source filing: Granite Construction’s 10-Q, filed April 30, 2026.
- Filed
- Apr 30, 2026, 4:56 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0000861459-26-000018
As a result of changes in contract transaction price related to performance obligations that were satisfied or partially satisfied prior to the end of the periods, we recognized revenue of $56.1 million and $49.5 million during the three months ended March 31, 2026 and 2025, respectively. The changes in contract transaction price for the three months ended March 31, 2026 and 2025 were from items such as executed or estimated change orders, contract modifications and claims.
Item 1. Financial Statements (unaudited)
FAQ
- What is Granite Construction's performance obligations — revenue adjustment?
- Granite Construction (GVA) reported performance obligations — revenue adjustment of $56.1M in Q1 2026.
- How has Granite Construction's performance obligations — revenue adjustment changed year-over-year?
- Granite Construction's performance obligations — revenue adjustment increased by 13.3% year-over-year, from $49.5M to $56.1M.
- What is the long-term trend for Granite Construction's performance obligations — revenue adjustment?
- Over 4 years (2021 to 2025), Granite Construction's performance obligations — revenue adjustment has grown at a 5.1% compound annual growth rate (CAGR), from $138.4M to $169.1M.
- What does performance obligations — revenue adjustment mean?
- This metric represents the net change in recognized revenue resulting from adjustments to performance obligations within a specific business segment. It captures the impact of contract modifications, scope changes, or revisions to total estimated contract costs that necessitate a retrospective or prospective adjustment to revenue. Investors use this to assess the volatility and predictability of revenue recognition within the company's project-based service offerings.
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