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 official record: Granite Construction’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- 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.