Argan reports Q3 revenue up 57% to $257.0 million; diluted EPS $2.00 vs $0.40
Argan reported fiscal third-quarter 2025 results for the three months ended October 31, 2024, with revenues of $257.0 million, up 57% from $163.8 million a year earlier. Net income rose to $28.0 million, or $2.00 per diluted share, from $5.5 million, or $0.40, as gross margin improved to 17.2% from 11.7%. The filing states the company had no debt and $506.3 million in cash, cash equivalents and investments.
Key points
- Q3 revenues $257.0 million vs $163.8 million in the prior-year quarter
- Net income $28.0 million, or $2.00 per diluted share, vs $0.40 a year earlier
- Project backlog $800 million at October 31, 2024, up from $757 million at January 31, 2024
- Cash, cash equivalents and investments $506.3 million; the company reported no debt
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 05, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.