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Argan (AGX)
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Argan Income Statement 2026-2010 | AGX
Brief overview of revenue and earnings at Argan
The comparison covers a five-year financial horizon. According to figures from Argan, revenue changed from $392 million to $945 million over five years. The five-year change reached +140.8%, while CAGR stood at 19.2%. Revenue followed a strong upward trend without signs of stagnation.
Gross profit was 62.1 million dollars at the start and 194 million dollars at the end of the period (+212%). The relationship between sales and direct costs improved over the period. Comparing the endpoints gives gross margins of 15.8% and 20.5%. The margin shift points to a more favorable sales-and-cost structure.
The operating result measured by EBITDA moved from 26.7 million dollars to 137 million dollars, or +410.9%. EBITDA expanded faster than the top line. The EBITDA share of revenue changed from 6.8% to 14.5%. The increased EBITDA share is a positive sign.
The five-year change in net income was +477.6%: from 23.9 million dollars to 138 million dollars. Net profit ended the five years at a local peak.
Over the period, capitalization shifted from $574 million to $5.7 billion (+885%). Valuation expanded much faster than the underlying results.
What the figures show
Most key measures improved without a pronounced weak signal. The positive side is supported by higher operating efficiency, improving net profitability and improving gross profitability. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement Argan
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
5.66 B | 5.53 B | 660 M | 562 M | 627 M | 574 M | 652 M | 725 M | 627 M | 1.07 B | 483 M | 476 M | 402 M | 230 M | 212 M | 118 M | - |
Shares |
13.8 M | 13.4 M | 13.4 M | 14.1 M | 15.7 M | 15.7 M | 15.6 M | 15.6 M | 15.5 M | 15.1 M | 14.8 M | 14.4 M | 14.1 M | 13.8 M | 13.6 M | 13.6 M | - |
Historical Prices |
411 | 411 | 49.4 | 39.9 | 39.9 | 36.7 | 40.9 | 38 | 37.3 | 37.8 | 62.9 | 25.2 | 25 | 22.8 | 14.6 | 10.9 | 10.5 |
Net Income |
138 M | 85.5 M | 32.4 M | 34.7 M | 35.7 M | 23.9 M | -42.7 M | 52 M | 72 M | 70.3 M | 36.3 M | 30.4 M | 40.1 M | 23.3 M | 9.27 M | 7.77 M | - |
Revenue |
945 M | 874 M | 573 M | 455 M | 509 M | 392 M | 239 M | 482 M | 893 M | 675 M | 413 M | 383 M | 227 M | 279 M | 142 M | 183 M | - |
Cost of Revenue |
751 M | 733 M | 492 M | 369 M | 410 M | 330 M | 246 M | 400 M | 743 M | 528 M | - | - | - | - | - | - | - |
Gross Profit |
194 M | 141 M | 80.8 M | 86.4 M | 99.7 M | 62.1 M | -6.82 M | 82.4 M | 149 M | 147 M | 99.5 M | 83.6 M | 78.8 M | 50.1 M | 23.1 M | 29.1 M | - |
Operating Income |
135 M | 88.2 M | 36.5 M | 41.7 M | 44.5 M | 23 M | -55.8 M | 40.2 M | 107 M | 112 M | 74.4 M | 64.1 M | 65.9 M | 35.4 M | 11.9 M | 17 M | - |
Interest Expense |
25.8 M | 23 M | 12.5 M | 4.33 M | 2.55 M | 1.86 M | 8.08 M | 6.98 M | 5.65 M | 2.28 M | 1.1 M | 234 K | 961 K | -43 K | 48 K | 50 K | - |
EBITDA |
137 M | 90.1 M | 38.5 M | 44.7 M | 47.9 M | 26.7 M | -46.3 M | 46.2 M | 111 M | 117 M | 75.7 M | 64.9 M | 66.7 M | 36.6 M | 12.7 M | 18 M | - |
Operating Expenses |
- | - | - | - | - | - | 44.1 M | 40.7 M | 41.8 M | 32.5 M | 25.1 M | 19.5 M | 12.9 M | 14.4 M | 11.2 M | 12.1 M | - |
General and Administrative Expenses |
59 M | 52.8 M | 44.4 M | 44.7 M | 47.3 M | 39 M | 44.1 M | 40.7 M | 41.8 M | 32.5 M | 25.1 M | 19.5 M | 12.9 M | 14.4 M | 11.2 M | 12.1 M | - |
All numbers in USD currency
Quarterly Income Statement Argan
| 2027-Q1 | 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
14 M | 13.8 M | 13.7 M | 13.6 M | 13.5 M | 13.7 M | 13.6 M | 13.6 M | 13.5 M | 13.4 M | 13.3 M | 13.2 M | 13.3 M | 13.4 M | 13.4 M | 13.4 M | 13.8 M | 14.1 M | 14.9 M | 15.7 M | 15.8 M | 15.8 M | 15.7 M | 15.6 M | 15.7 M | 15.7 M | 15.6 M | 15.6 M | 15.6 M | 15.6 M | 15.6 M | 15.6 M | 15.6 M | 15.6 M | 15.6 M | 15.5 M | 15.5 M | 15.5 M | 15.5 M | 14.8 M | 15.1 M | 14.9 M | 14.8 M | 14.6 M | 14.8 M | 14.7 M | 14.6 M | 14.3 M | 14.5 M | 14.4 M | 14.3 M | 14 M | 14.1 M | 14 M | 14 M | 13.7 M | 13.8 M | 13.7 M | 13.7 M | 13.6 M | 13.6 M | 13.6 M | 13.6 M |
Net Income |
46.1 M | 30.7 M | 35.3 M | 22.6 M | 28 M | 35.3 M | 22.6 M | - | 28 M | 18.2 M | 7.88 M | - | 5.46 M | 12.8 M | 2.11 M | - | 7.76 M | 4.22 M | 7.48 M | - | 12.4 M | 12.9 M | 10.8 M | -7.19 M | 9.45 M | 5.61 M | -763 K | -2.21 M | -6.86 M | 1.15 M | -29.8 M | 7.02 M | 32.4 M | 17 M | 4.84 M | 20.4 M | 17.2 M | 27.1 M | 20.6 M | 6.73 M | 18.1 M | 19.7 M | 12.2 M | 6 M | 10.8 M | 11.3 M | 7.5 M | 9.16 M | 12.4 M | 8.55 M | 3.48 M | 6.56 M | 11.9 M | 12.6 M | 6.41 M | - | 6.06 M | 6.2 M | 4.44 M | - | 2.01 M | 2.07 M | 606 K |
Revenue |
291 M | 251 M | 238 M | 194 M | 257 M | 238 M | 194 M | - | 257 M | 227 M | 158 M | - | 164 M | 141 M | 104 M | - | 118 M | 118 M | 100 M | - | 124 M | 133 M | 126 M | 68 M | 127 M | 87.5 M | 60.1 M | 87.7 M | 58.4 M | 63.1 M | 49.5 M | 170 M | 116 M | 137 M | 141 M | - | 233 M | 260 M | 230 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
230 M | 204 M | 193 M | 157 M | 213 M | 193 M | 157 M | - | 213 M | 196 M | 140 M | - | 145 M | 118 M | 89.5 M | - | 95.7 M | 93.7 M | 80.5 M | - | 98.3 M | 105 M | 103 M | - | 107 M | 71.9 M | 56.1 M | - | 52.4 M | 60.1 M | 70.6 M | - | 86.9 M | 106 M | 126 M | - | 195 M | 208 M | 190 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
61.1 M | 46.9 M | 44.3 M | 36.9 M | 44.3 M | 44.3 M | 36.9 M | - | 44.3 M | 31.1 M | 17.9 M | - | 19.2 M | 23.7 M | 14.2 M | - | 22.2 M | 24.4 M | 19.7 M | - | 26.1 M | 27.7 M | 23.7 M | 5.25 M | 20.3 M | 15.6 M | 4.01 M | 6.75 M | 5.99 M | 2.96 M | -21 M | 20.1 M | 29.5 M | 30.7 M | 15.5 M | 37.8 M | 37.7 M | 51.4 M | 40.1 M | 23.5 M | 36.6 M | 44 M | 28.3 M | 21.7 M | 26.3 M | 28.5 M | 21.2 M | 20.7 M | 30.3 M | 21.6 M | 10.1 M | 14 M | 23.9 M | 21.3 M | 13 M | - | 13.1 M | 12.9 M | 10.1 M | - | 6.47 M | 4.65 M | 3.9 M |
Operating Income |
45.4 M | 32.6 M | 30.1 M | 24.3 M | 30.3 M | 30.1 M | 24.3 M | - | 30.3 M | 18.7 M | 6.52 M | - | 7.86 M | 13.2 M | 3.63 M | - | 9.54 M | 13.4 M | 9.16 M | - | 14.5 M | 17.3 M | 13.8 M | -9.94 M | 10.9 M | 6.54 M | -6.34 M | -4.29 M | -6.14 M | -7.07 M | -32.7 M | 8.16 M | 18.4 M | 20.3 M | 5.82 M | 29.8 M | 27.6 M | 40.6 M | 30.6 M | 14.5 M | 26.7 M | 34.5 M | 21.3 M | 15.5 M | 20.7 M | 23.6 M | 15.6 M | - | 24.8 M | 17.1 M | 6.67 M | - | 20.3 M | 19.7 M | 9.58 M | - | 9.36 M | 9.58 M | 7.07 M | - | 3.73 M | 2.27 M | 1.14 M |
Interest Expense |
8.37 M | 7.06 M | 5.58 M | 5.44 M | 6.65 M | 5.58 M | 5.44 M | - | 6.65 M | 5.6 M | 4.79 M | - | 3.73 M | 4.12 M | -629 K | - | 768 K | 505 K | 595 K | - | 1.12 M | -260 K | 712 K | - | 175 K | 451 K | 1.09 M | - | 3.58 M | 1.64 M | 2.25 M | - | 1.43 M | 2.93 M | 764 K | - | 1.69 M | 1.31 M | 1.22 M | - | 690 K | 556 K | 37 K | - | 732 K | 128 K | 85 K | - | 99 K | 41 K | 22 K | - | 261 K | 410 K | 155 K | - | -11 K | -10 K | -9 K | - | 33 K | 29 K | 22 K |
EBITDA |
46 M | 33.1 M | 30.5 M | 24.8 M | 30.8 M | 30.5 M | 24.8 M | - | 30.8 M | 19.1 M | 7 M | - | 8.35 M | 13.7 M | 4.18 M | - | 10.3 M | 14.2 M | 9.97 M | - | 15.4 M | 18.2 M | 14.7 M | -9.94 M | 11.9 M | 7.47 M | -5.4 M | -4.29 M | -5.24 M | -6.19 M | -31.9 M | 8.16 M | 19.3 M | 21.1 M | 6.59 M | 29.8 M | 28.3 M | 41.2 M | 31.2 M | 14.5 M | 27.3 M | 35 M | 21.7 M | 15.5 M | 20.9 M | 23.8 M | 15.7 M | - | 25 M | 17.2 M | 6.81 M | - | 20.5 M | 19.8 M | 9.71 M | - | 9.49 M | 9.71 M | 7.19 M | - | 3.84 M | 2.39 M | 1.26 M |
General and Administrative Expenses |
15.7 M | 14.3 M | 14.2 M | 12.5 M | 14 M | 14.2 M | 12.5 M | - | 14 M | 12.4 M | 11.4 M | - | 11.4 M | 10.5 M | 10.6 M | - | 12.7 M | 11 M | 10.6 M | - | 11.6 M | 10.3 M | 9.89 M | - | 9.4 M | 9.08 M | 10.3 M | - | 12.1 M | 10 M | 9.59 M | - | 11.1 M | 10.4 M | 9.64 M | - | 10.1 M | 10.8 M | 9.49 M | - | 9.85 M | 7.53 M | 7.05 M | - | 5.59 M | 4.85 M | 5.54 M | - | 5.47 M | 4.48 M | 3.38 M | - | 3.54 M | 1.6 M | 3.44 M | - | 3.78 M | 3.3 M | 3.03 M | - | 2.74 M | 2.37 M | 2.76 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Argan (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.