---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-035201"
form_type: "8-K"
ticker: "AGX"
cik: "0000100591"
company_name: "ARGAN INC"
filed_at: "2026-03-26T23:59:59+00:00"
generated_at: "2026-05-15T08:46:22.325810+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Argan posts record Q4 and FY2026 results; EPS $3.47 (Q4), $9.74 (FY); backlog doubles to $2.9B

## Summary
- Q4 revenue $262.1M (+12.7% YoY); net income $49.2M ($3.47 diluted EPS vs $2.22).
- FY2026 revenue $944.6M (+8.1%); net income $137.8M ($9.74 diluted EPS vs $6.15).
- Gross margin improved to 25.0% (Q4) and 20.5% (FY) from 20.5% and 16.1% respectively.
- Project backlog more than doubled to $2.9B from $1.4B; cash and investments $895M, no debt.
- Quarterly dividend raised to $0.50 per share (from $0.375); full year dividend $1.75.

## SEC filing metadata
- accession: 0001104659-26-035201
- form_type: 8-K
- ticker: AGX
- cik: 0000100591
- company_name: ARGAN INC
- filed_at: 2026-03-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/100591/000110465926035201/0001104659-26-035201-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100591/000110465926035201/agx-20260326x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-035201
- JSON: https://secwatch.observer/filing/0001104659-26-035201.json
- Plain text: https://secwatch.observer/filing/0001104659-26-035201.txt

## Key facts
- Earnings Releases
  ARGAN INC reported fourth quarter and fiscal year ended January 31, 2026 results: revenue $ 262,050, net income $ 49,212, EPS 3.47.
  - Period: fourth quarter and fiscal year ended January 31, 2026
  - Revenue: $ 262,050
  - Net income: $ 49,212
  - EPS: 3.47
  - Result: reported results
  source text: Financial Highlights ($ in thousands, except per share data) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ January 31, ​ ​ ​ For the Quarter Ended: ​ ​ ​ 2026 ​ ​ ​ 2025 ​ ​ ​ Change Revenues ​ $ 262,050 ​ $ 232,474 ​ $ 29,576 ​ Gross profit ​ 65,599 ​ 47,613 ​ 17,986 ​ Gross margin % ​ 25.0 % 20.5 % 4.5 % Net income ​ $ 49,212 ​ $ 31,369 ​ $ 17,843 ​ Diluted earnings per share ​
  evidence_url: https://www.sec.gov/Archives/edgar/data/100591/000110465926035201/0001104659-26-035201-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.