GRANITE CONSTRUCTION INC
AI Executive Summary
AI-powered analysis of 10-Q filing content
Granite Construction shows significant financial deterioration with massive cash burn of $263M in Q1 2026, worsening operating losses despite 30% revenue growth, and concerning liquidity position with high debt maturities approaching. The construction company faces operational inefficiencies and potential cash flow crisis.
Red Flags Detected (7)
Cash position plummeted from $529M to $266M (50% decline) in just one quarter
Operating loss worsened to ($31.1)M despite 30% revenue increase to $912M
Current debt maturities of $380M with declining cash position creates liquidity risk
4 more red flags detected
Key Takeaways
Revenue growth of 30% to $912M is positive but overshadowed by operational inefficiencies
Gross profit improved to $110M but completely offset by excessive SG&A costs
2 more takeaways
Filing Overview
What This Means
High Risk Filing: This company is showing signs of financial stress or significant operational challenges.
Deteriorating Trend: Conditions are worsening compared to previous filings. This may create opportunities for service providers.
Quarterly Report: Interim filing with unaudited financial data for the quarter.