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Argan AGX Change in AP

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Other financials

Income statement

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Revenue$291.0M+50.2%
Gross profit$61.1M+65.8%
Operating income$45.4M+86.5%
Net income$46.1M+104%
EPS (diluted)$3.24+102%

Balance sheet

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Cash & equivalents$355.8M+88.0%
Total debt$6.4M+20.6%
Total equity$473.5M+30.1%
Total assets$1.3B+62.4%

Cash flow

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Operating cash flow$113.4M+221%
CapEx$2.4M+516%
Free cash flow$111.0M+218%

Valuation

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Market cap$10.36B+361%
P/E64.2×+41.8×
P/S9.9×+7.5×

Profitability

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Gross margin20.9%+3.3pp
Operating margin14.9%+3.3pp
Net margin15.5%+4.5pp
FCF margin46.7%+27.1pp

Returns & leverage

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Return on equity38.5%+8.0pp
Debt / equity0.0×
Current ratio1.5×-0.2×

Where this comes from

Reported directly by Argan in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities.

The official record: Argan’s 10-Q, filed June 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Argan's change in AP?
Argan (AGX) reported change in AP of $17.5M in Q1 2026.
How has Argan's change in AP changed year-over-year?
Argan's change in AP increased by 144.2% year-over-year, from -$39.62M to $17.5M.
What is the long-term trend for Argan's change in AP?
Over 2 years (2023 to 2025), Argan's change in AP has grown at a 170.0% compound annual growth rate (CAGR), from $9.08M to $66.23M.
What does change in AP mean?
The change in money the company owes to its suppliers.
How do you interpret change in AP?
An increase is generally positive for cash flow, though it may indicate a strategy to delay payments to vendors.
How does change in AP compare across companies?
Compared against Days Payable Outstanding (DPO) of industry peers to assess bargaining power with suppliers.