How Argan makes money

Period

FY2026

How does Argan make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Argan Inc. · FY2026 · year ended 2026-01-31

Revenue$945MGross profit$194M · 21%Cost of revenue$751M · 79%Operating income$135M · 14%Operating expenses$59M · 6%SG&A$59M · 6%Pre-tax income$161M · 17%Other income$26M · 3%Net income$138M · 15%Income tax$23M · 2%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.