Sterling Infrastructure, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on October 29, 2026, reporting third-quarter revenues of $1.563927 billion and net income attributable to common stockholders of $214.933 million.

Key Highlights

  • Q3 2026 Revenues: $1,563,927 thousand, compared to $689,019 thousand in Q3 2025.
  • Q3 2026 Net Income to Common Stockholders: $214,933 thousand, up from $92,088 thousand in Q3 2025.
  • Diluted EPS (Q3 2026): $6.92 per share, compared to $2.97 per share in Q3 2025.
  • Nine-Month Revenue: $3,557,781 thousand for the nine months ended September 30, 2026, versus $1,734,436 thousand in the same period of 2025.
  • Total Assets: $3,481,980 thousand as of September 30, 2026, compared to $2,633,831 thousand at December 31, 2025.
  • Common Shares Outstanding: 30,502,537 shares as of October 27, 2026.
  • Stock Repurchases: $107,262 thousand in common stock repurchased during the nine months ended September 30, 2026.

Sterling Infrastructure Q3 2026 Financial Results and Balance Sheet Position

According to the filing, Sterling Infrastructure, Inc. (NASDAQ:STRL) reported revenues of $1,563,927 thousand for the three months ended September 30, 2026, with cost of revenues of $1,186,648 thousand, producing gross profit of $377,279 thousand. Operating income for the quarter was $306,842 thousand. The company recorded a loss on extinguishment of debt of $1,265 thousand during the quarter, which was also reflected in the nine-month totals. Income tax expense for Q3 2026 was $76,059 thousand, resulting in net income including noncontrolling interests of $229,679 thousand.

For the nine months ended September 30, 2026, the filing disclosed revenues of $3,557,781 thousand and net income attributable to Sterling common stockholders of $466,728 thousand, or $15.01 per diluted share. This compares to $202,556 thousand, or $6.56 per diluted share, for the nine months ended September 30, 2025. The filing reported operating cash flow of $427,095 thousand for the nine-month period, with capital expenditures of $115,458 thousand and acquisitions net of cash acquired totaling $164,995 thousand.

On the balance sheet, the company reported total assets of $3,481,980 thousand as of September 30, 2026, including goodwill of $628,053 thousand and other intangibles, net of $659,335 thousand. Long-term debt stood at $95,127 thousand, down from $275,903 thousand at December 31, 2025, which the filing attributed in part to repayments of term loan and other financing agreements totaling $296,444 thousand during the nine-month period. Total Sterling stockholders' equity was $1,507,944 thousand as of September 30, 2026, compared to $1,108,517 thousand at December 31, 2025. Treasury stock, at cost, was $242,485 thousand, reflecting 887 thousand shares repurchased as of September 30, 2026.

What Was Disclosed

Sterling Infrastructure filed its quarterly report covering the period ended September 30, 2026, disclosing significant year-over-year increases in revenue, operating income, and net income, along with changes in total assets, debt levels, and stockholders' equity relative to December 31, 2025.