Argan Inc income statement

In fiscal 2026, Argan Inc reported revenue of $945m, up 8.1% on the year before, operating income of $135m (a 14.3% margin) and net income of $138m, or $9.74 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Argan Inc: income statement, annual
Fiscal year	2017Jan 2017	2018Jan 2018	2019Jan 2019	2020Jan 2020	2021Jan 2021	2022Jan 2022	2023Jan 2023	2024Jan 2024	2025Jan 2025	2026Jan 2026	LTMJul 2026
Revenue	675	893	482	239	392	509	455	573	874	945	1,188
Cost of revenue	528	743	400	246	330	410	369	492	733	751	940
Gross profit	147	149	82	−7	62	100	86	81	141	194	248
Selling, general and administrative	32	42	41	44	39	47	45	44	53	59	65
Operating income	112	107	40	−56	23	45	42	36	88	135	183
Provision for credit losses	—	—	—	0	0	2	0	—	—	—	—
Income before tax	115	113	47	−48	25	47	46	49	111	161	216
Income tax	37	40	−5	−7	1	11	11	17	26	23	36
Net income	70	72	52	−43	24	38	33	32	85	138	179
Diluted EPS	$4.50	$4.56	$3.32	−$2.73	$1.51	$2.40	$2.33	$2.39	$6.15	$9.74	$12.65
Diluted shares (average)	16m	16m	16m	16m	16m	16m	14m	14m	14m	14m	14m
EBITDA	114	110	44	−52	27	48	45	38	90	137	185

US$ millions unless shown otherwise. Fiscal quarters.

Argan Inc: income statement, quarterly
Quarter	2025 Q3Oct 2024	2025 Q4Jan 2025	2026 Q1Apr 2025	2026 Q2Jul 2025	2026 Q3Oct 2025	2026 Q4Jan 2026	2027 Q1Apr 2026	2027 Q2Jul 2026
Revenue	257	232	194	238	251	262	291	384
Cost of revenue	213	185	157	193	204	196	230	310
Gross profit	44	48	37	44	47	66	61	74
Selling, general and administrative	14	15	13	14	14	18	16	17
Operating income	30	33	24	30	33	48	45	57
Income before tax	37	39	30	36	40	55	54	67
Income tax	9	7	7	0	9	6	8	14
Net income	28	31	23	35	31	49	46	53
Diluted EPS	$2.00	$2.24	$1.60	$2.50	$2.17	$3.47	$3.24	$3.76
EBITDA	31	33	25	31	33	48	46	57

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Argan Inc's SEC filings (10-K and 10-Q), retrieved October 31, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Argan Inc.