---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-008396"
form_type: "8-K"
ticker: "AGX"
cik: "0000100591"
company_name: "ARGAN INC"
filed_at: "2025-06-04T23:59:59+00:00"
generated_at: "2026-05-19T23:27:03.634994+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Argan Q1 FY2026 revenue up 23% to $193.7M, EPS $1.60, record backlog $1.9B

## Summary
- Revenue $193.7M (+23% YoY); net income $22.6M, diluted EPS $1.60 vs $0.58 prior year.
- Gross margin expanded to 19.0% from 11.4% (prior year included overseas project loss).
- EBITDA $30.3M vs $11.9M; cash & investments $546.5M, no debt.
- Record backlog $1.9B (up $495M from Jan 31); received full NTP for Sandow Lakes 1.2 GW gas plant.
- Quarterly dividend raised to $0.375/share from $0.300 (25% increase); share repurchases $8.4M in quarter.

## SEC filing metadata
- accession: 0001558370-25-008396
- form_type: 8-K
- ticker: AGX
- cik: 0000100591
- company_name: ARGAN INC
- filed_at: 2025-06-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/100591/000155837025008396/0001558370-25-008396-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100591/000155837025008396/agx-20250604x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-008396
- JSON: https://secwatch.observer/filing/0001558370-25-008396.json
- Plain text: https://secwatch.observer/filing/0001558370-25-008396.txt

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