Argan (AGX) Financial Statements & Analysis

Argan (AGX) Income Statement

Argan reported revenue of $944.61M in fiscal 2026 (fiscal year ended Jan 31, 2026), up 8.1% from $874.18M a year earlier. Net income was $137.77M, up 61.2% year over year, a net margin of 14.6%. Gross margin was 20.5% and operating margin 14.3%. In the most recent quarter, Q2 fiscal 2027 (ended Jul 31, 2026), revenue was $383.98M, up 61.5% from the same quarter a year earlier.

Argan Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Argan, Inc. income statement - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Jan 2026	Jan 2025	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017
Revenue & Gross Profit
Revenue	944.61	874.18	573.33	455.04	509.37	392.21	239.00	482.15	892.82	675.05
Cost of Revenue	750.93	733.19	492.50	368.68	409.64	330.14	245.82	399.72	743.49	528.34
Gross Profit	193.68	140.99	80.83	86.36	99.73	62.07	-6.82	82.44	149.33	146.71
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	58.98	52.79	44.38	44.69	47.32	39.04	44.13	40.71	41.76	32.48
Operating Expenses	58.98	52.79	44.38	44.69	47.32	39.04	49.02	40.71	41.76	32.48
Operating Income	134.70	88.20	36.46	41.67	52.41	23.03	-55.84	40.24	106.98	112.25
Other Income/Expense
Interest Income	11.00	21.20	0.00	0.00	0.00	0.00	5.00	0.00	0.00	0.00
Interest Expense	0.00	0.00	0.00	0.00	10.71	0.00	0.00	0.00	0.00	8.78
Other Income/Expense	25.81	23.01	12.48	4.33	-5.35	1.86	8.08	6.98	5.65	2.28
Income
Income Before Tax	160.51	111.20	48.93	46.00	47.06	24.89	-47.77	47.22	112.63	114.53
Income Tax Expense	22.74	25.75	16.58	11.30	11.36	1.07	-4.83	-4.65	40.28	37.11
Net Income	137.77	85.46	32.36	33.10	38.24	23.85	-42.94	52.04	72.01	70.33
Net Income - Continuous Operations	137.77	85.46	32.36	34.70	35.71	23.85	-42.94	52.04	72.01	70.33
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-
EBITDA	140.87	93.86	51.34	47.21	56.65	27.65	-46.30	46.16	111.37	117.44
EBIT	134.70	88.20	36.46	41.67	52.41	23.03	-	-	-	-
Depreciation & Amortization	6.17	5.66	2.41	5.54	4.24	4.62	4.65	4.43	3.81	3.21
Earnings Per Share
Basic EPS	10.00	6.00	2.00	2.00	2.00	2.00	-3.00	3.00	5.00	5.00
Diluted EPS	10.00	6.00	2.00	2.00	2.00	2.00	-3.00	3.00	5.00	5.00
Basic Shares Outstanding	13.77	13.45	13.37	14.08	15.72	15.67	15.62	15.57	15.52	15.07
Diluted Shares Outstanding	14.15	13.91	13.55	14.18	15.91	15.83	15.62	15.69	15.78	15.63

Source: Company financial statements from annual and quarterly filings. Data as of Jul 31, 2026. Data sources and methodology

Frequently Asked Questions About Argan Financial Statements

What was Argan's revenue in fiscal 2026?

Argan reported revenue of $944.61M in fiscal 2026 (fiscal year ended Jan 31, 2026). That was up 8.1% from $874.18M a year earlier.

Is Argan profitable?

Yes. Argan earned net income of $137.77M in fiscal 2026, a net margin of 14.6%. In fiscal 2025 it earned $85.46M.

What is Argan's operating margin?

Argan's operating income was $134.70M on revenue of $944.61M in fiscal 2026, an operating margin of 14.3%, compared with 10.1% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition