ARGAN INC

Listed Company

AGXCIK 0000100591NYSELarge AcceleratedConstruction - Special Trade ContractorsDelawareFY ends Jan 31

Period

FY 2026

Revenue

$944.61M

Net Income

$137.77M

Total Assets

$1.19B

Equity

$462.26M

Shares Out

13.95M

Op. Cash Flow

$414.72M

Business

Argan, Inc. is primarily a construction firm that operates through wholly owned subsidiaries to deliver engineering, procurement, construction and related services. It offers EPC contracting, commissioning, maintenance, project development and technical consulting for power generation (including renewables), industrial field services and fabrication, and telecommunications infrastructure installation and maintenance. Its key reportable segments are power industry services (GPS and APC), industrial construction services (TRC), and telecommunications infrastructure services (SMC). The company performs projects and provides services principally in the United States, with international operations in Ireland and the U.K., serving utilities, independent power producers, OEMs, commercial and government customers.

Summary from filing dated 2025-03-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
REVENUES	945	874	573	455	509
Cost of revenues	751	733	492	369	410
GROSS PROFIT	194	141	81	86	100
Selling, general and administrative expenses	59	53	44	45	47
INCOME FROM OPERATIONS	135	88	36	42	45
Other income, net	26	23	12	4	3
Total income before income taxes	161	111	49	46	47
Provision for income taxes	23	26	17	11	11
NET INCOME	138	85	32	33	38
Foreign currency translation adjustments	5	−2	−920,000	−425,000	−1
Net unrealized gains (losses) on available-for-sale securities	3	−619,000	199,000	—	—
COMPREHENSIVE INCOME	145	83	32	33	37
Basic (in dollars per share)	10	6.35	2.42	2.35	2.43
Diluted (in dollars per share)	9.74	6.15	2.39	2.33	2.4
Basic (in shares)	14	13	13	14	16
Diluted (in shares)	14	14	14	14	16
CASH DIVIDENDS PER SHARE	1.75	1.35	1.1	1	1

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Cash and cash equivalents	339	145	197	174	350
Investments	556	380	215	152	—
Accounts receivable, net	134	176	47	50	27
Contract assets	43	28	48	25	5
Other current assets	60	52	39	38	35
TOTAL CURRENT ASSETS	1,132	781	547	439	507
Property, plant and equipment, net	17	14	11	10	10
Goodwill	28	28	28	28	28
Intangible assets, net	1	2	2	3	3
Deferred taxes, net	—	552,000	2	4	457,000
Right-of-use and other assets	8	10	8	6	4
TOTAL ASSETS	1,186	836	598	489	554
Accounts payable	108	97	39	56	42
Accrued expenses	90	83	82	50	53
Contract liabilities	514	299	181	96	128
TOTAL CURRENT LIABILITIES	711	480	302	203	223
Deferred taxes, net	7	—	—	—	—
Noncurrent liabilities	6	5	—	—	—
TOTAL LIABILITIES	724	484	307	209	228
COMMITMENTS AND CONTINGENCIES (see Notes 9 and 10)	—	—	—	—	—
Preferred stock, par value $0.10 per share - 500,000 shares authorized; no shares issued and outstanding	—	—	—	—	—
Common stock, par value $0.15 per share - 30,000,000 shares authorized; 15,828,289 shares issued; 13,950,712 and 13,634,214 shares outstanding at January 31, 2026 and 2025, respectively	2	2	2	2	2
Additional paid-in capital	167	169	164	162	158
Retained earnings	406	293	226	208	189
Treasury stock, at cost - 1,877,577 and 2,194,075 shares at January 31, 2026 and 2025, respectively	−114	−106	−98	−89	−20
Accumulated other comprehensive income (loss)	818,000	−7	−4	−3	−2
TOTAL STOCKHOLDERS' EQUITY	462	352	291	281	326
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	1,186	836	598	489	554

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Stock compensation expense	8	5	5	4	4
Depreciation	2	2	2	3	3
Changes in accrued interest on investments	901,000	1	−4	−2	29,000
Non-cash lease expense	4	4	2	3	—
Deferred income tax expense	6	2	1	−3	−208,000
Other	−2	1	720,000	831,000	−71,000
Accounts receivable	42	−129	3	−23	−480,000
Contract assets	−15	20	−23	−20	22
Other assets	−13	−8	−1	−3	−241,000
Accounts payable and accrued expenses	29	66	15	9	−6
Contract liabilities	215	118	85	−32	−44
Net cash provided by operating activities	415	168	117	−30	28
Purchases of short-term investments	−150	−175	−115	−250	−90
Maturities of short-term investments	150	130	160	190	90
Purchases of available-for-sale securities	−227	−140	−104	—	—
Maturities of available-for-sale securities	55	19	—	—	—
Purchases of property, plant and equipment	−4	−7	−3	−3	−1
Repayment of note receivable	5	—	—	—	—
Issuance of note receivable	—	−5	—	—	—
Investments in solar energy projects	−12	−16	−5	—	−5
Net cash used in investing activities	−182	−194	−68	−63	−7
Common stock repurchases	−10	−2	−12	−68	−20
Payments of cash dividends	−24	−18	−15	−14	−16
Settlements of share-based awards, net of withholding taxes paid	−8	−6	1	66,000	—
Net cash used in financing activities	−43	−26	−26	−83	−35
EFFECTS OF EXCHANGE RATE CHANGES ON CASH	4	322,000	−116,000	−539,000	−3
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	194	−52	23	−177	−16
Investments in solar energy projects not yet paid	—	12	3	—	—
Right-of-use assets obtained in exchange for lease obligations	5	4	2	4	4
Cash paid for income taxes, net of refunds	30	31	14	7	14
Cash paid for operating leases	4	4	2	3	3

Filings

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