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AI brief of an SEC Form 8-K · Argan (AGX)

Argan Q1 revenue rises 23% to $193.7 million; diluted EPS $1.60 vs $0.58

Positive Impact 3 of 5 earnings Written later

Argan reported results for the first quarter of fiscal 2026, ended April 30, 2025. Revenue rose 23% to $193.7 million, net income rose to $22.6 million from $7.9 million, and diluted EPS was $1.60 versus $0.58 a year earlier. Project backlog reached a record $1.9 billion, up from $1.36 billion at January 31, 2025, which the company said was driven by a full notice to proceed for the Sandow Lakes Power Station.

Key points

  • Revenue was $193.7 million, up $36.0 million or 23% from $157.7 million; gross margin was 19.0% versus 11.4%.
  • Net income was $22.6 million, or $1.60 per diluted share, compared with $7.9 million, or $0.58, a year earlier.
  • Project backlog was $1.856 billion at April 30, 2025, up from $1.361 billion at January 31, 2025.
  • Cash, cash equivalents and investments totaled $546.5 million, and the company reported no debt.

The filing

CompanyArgan (AGX)
Form8-K, current report
Filed with the SECJun 4, 2025, 4:10 PM ET
Accession number0001558370-25-008396

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing 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 June 04, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.