Filing Flows › Argan (AGX) › Q1 FY26
Argan (AGX) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 4, 2025
Argan (AGX) reported revenue of $194M for the first quarter fiscal 2026 (Q1 FY26), +23% from a year earlier and -17% from the quarter before. Operating margin was 12.6%, net earnings $22.6M (11.6% of revenue).
Argan, Q1 FY26: revenue $194M (+23% year over year), operating margin 12.6%, net earnings $22.6M, operating cash flow $35.3M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $194M | -17% | +23% |
| Gross profit | $36.9M | -23% | +105% |
| Operating profit | $24.3M | -25% | +273% |
| Net earnings | $22.6M | -28% | +186% |
| Operating cash flow | $35.3M | -21% | +100% |
| Free cash flow | $34.9M | -19% | +101% |
What changed
Revenue was $193.7M in Q1 FY26, up 23% year over year and down 17% from the previous quarter.
Gross margin was 19.0%, up 7.7 points from a year earlier. Operating profit was $24.3M, a 12.6% margin (up 8.4 points year over year). Of the extra revenue versus a year earlier, 50% reached operating profit, above the 4% margin then. Operating expenses grew 10% against revenue growth of 23%. Net earnings were $22.6M, up 186% year over year. The effective tax rate was 24.3%.
Operating cash flow was $35.3M (up 100% year over year), 157% of net earnings. Non-cash charges added back $513K of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items added $11.0M. Capital expenditures of $395K left free cash flow of $34.9M.
Questions
What was Argan's revenue in the first quarter fiscal 2026?
Argan (AGX) reported revenue of $194M for the first quarter fiscal 2026 (Q1 FY26), +23% from a year earlier and -17% from the quarter before.
Was Argan profitable in the first quarter fiscal 2026?
Operating profit was $24.3M (12.6% of revenue) and net earnings $22.6M.
Source: Argan 10-Q on SEC EDGAR.