CUSTOMER CONCENTRATIONS

12 Months Ended

Jan. 31, 2025

NOTE 15 – CUSTOMER CONCENTRATIONS

The following schedule presents the percentages of consolidated revenues for each reportable business segment for Fiscal 2026, Fiscal 2025, and Fiscal 2024:


	2026			2025			2024
Power		80.1	%		79.3	%		72.6	%
Industrial		17.7			19.2			24.9
Teledata		2.2			1.5			2.5

For Fiscal 2026, the Company’s most significant customer relationships included three Power customers, which accounted for 23%, 16% and 11% of consolidated revenues. For Fiscal 2025, the Company’s most significant customer relationships included three Power customers, which accounted for 28%, 13% and 10% of consolidated revenues. For Fiscal 2024, the Company’s most significant customer relationships included three Power customers which accounted for 19%, 16% and 15% of consolidated revenues.

Accounts receivable balances from three major customers represented 29%, 19%, and 11% of the corresponding consolidated balance as of January 31, 2026, and accounts receivable balances from four major customers represented 22%, 16%, 13% and 10% of the corresponding consolidated balance as of January 31, 2025.

Contract asset balances attributable to three major customers represented 23%, 22%, and 19% of the corresponding consolidated balance as of January 31, 2026, and contract asset balances attributable to four major customers represented 26%, 15%, 15% and 13% of the corresponding consolidated balance as of January 31, 2025.

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References

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+ Details

ARGAN INC 10-K