ARGAN INC

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Cash and cash equivalents $167.2m $122.1m $164.3m $167.4m $366.7m $350.5m $173.9m $197.0m $145.3m $339.5m
Accounts receivable, net $54.8m $94.4m $36.2m $37.2m $28.7m $27.0m $50.1m $47.3m $175.8m $133.7m
Other current assets $10.9m $25.3m $23.3m $34.1m $34.9m $38.3m $39.3m $51.9m $60.2m
TOTAL CURRENT ASSETS $587.9m $545.8m $416.3m $421.8m $546.2m $507.3m $438.7m $547.2m $781.3m $1.1b
Property, plant and equipment, net $13.1m $15.3m $19.8m $22.5m $20.4m $10.5m $10.4m $11.0m $14.5m $16.6m
Goodwill $34.9m $34.3m $32.8m $27.9m $27.9m $28.0m $28.0m $28.0m $28.0m $28.0m
Intangible assets, net $8.2m $7.1m $6.1m $5.0m $4.1m $3.3m $2.6m $2.2m $1.8m $1.4m
Right-of-use and other assets $290k $2.4m $3.8m $4.0m $6.0m $7.5m $10.1m $8.0m
Investments $151.5m $215.4m $379.9m $555.5m
Contract assets $13.8m $58.4m $33.4m $26.6m $4.9m $24.8m $48.2m $28.4m $43.4m
Deferred taxes, net $1.3m $7.9m $249k $457k $3.7m $2.3m $552k $6.6m
Contract liabilities $47.7m $8.3m $72.7m $172.0m $127.9m $96.3m $181.1m $299.2m $514.0m
Noncurrent liabilities $5.0m $6.1m $5.0m $4.5m $6.3m
TOTAL ASSETS $644.2m $603.4m $476.6m $487.5m $602.6m $553.6m $489.5m $598.2m $836.2m $1.2b
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $644.2m $603.4m $476.6m $487.5m $602.6m $553.6m $489.5m $598.2m $836.2m $1.2b
Accounts payable $101.9m $100.2m $44.4m $35.4m $53.3m $41.8m $56.4m $39.5m $97.3m $107.5m
Accrued expenses $39.5m $35.4m $29.5m $35.9m $50.8m $53.3m $49.9m $81.7m $83.3m $89.7m
TOTAL CURRENT LIABILITIES $350.7m $244.0m $82.3m $144.0m $276.1m $223.0m $202.5m $302.3m $479.9m $711.3m
TOTAL LIABILITIES $351.7m $245.3m $82.3m $146.5m $280.2m $228.0m $208.6m $307.3m $484.4m $724.1m
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 2.3m 2.3m 2.3m 2.3m 2.4m 2.4m 2.4m 2.4m 2.4m 2.4m
Additional paid-in capital $135.4m $143.2m $145.0m $148.7m $153.3m $158.2m $162.2m $164.2m $169.0m $167.2m
Retained earnings $154.6m $211.1m $247.6m $189.3m $166.1m $188.7m $207.8m $225.5m $292.7m $406.2m
Treasury stock, at cost - 1,877,577 and 2,194,075 shares at January 31, 2026 and 2025, respectively ($33k) ($20.4m) ($88.6m) ($97.5m) ($105.6m) ($114.4m)
Accumulated other comprehensive income (loss) ($762k) $1.4m ($346k) ($1.1m) ($1.1m) ($2.5m) ($2.9m) ($3.6m) ($6.5m) $818k
TOTAL STOCKHOLDERS' EQUITY $291.6m $358.1m $394.6m $339.2m $320.7m $326.4m $280.9m $290.9m $351.9m $462.3m

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.