REX American Resources Corp (REX) financial statements: income statement, balance sheet and cash flow

REX American Resources Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jan 31, 2026 · FY), REX American Resources Corp reported revenue of $650.5M (+1.2% year on year) and net income of $95.1M (+33.0% year on year).

Income statement

REX American Resources Corp income statement, fiscal years

Line item	Jan 31, 2026 · FY	Jan 31, 2025 · FY	Jan 31, 2024 · FY	Jan 31, 2023 · FY
Net sales and revenue	$650.5M	$642.5M	$833.4M	$855.0M
Cost of sales (includes $86.4 million, $99.2 million and $117.0 million with related parties for the years ended January 31, 2026, 2025 and 2024, respectively)	$556.8M	$551.0M	$735.2M	$800.3M
Gross profit	$93.7M	$91.5M	$98.2M	$54.7M
Selling, general and administrative expenses	($32.6M)	($27.1M)	($29.4M)	($29.0M)
Equity in income of unconsolidated affiliates	$12.5M	$9.4M	$13.9M	$8.7M
Interest and other income, net	$15.0M	$19.2M	$15.7M	$13.0M
Income before income taxes	$88.6M	$92.9M	$98.5M	$47.5M
Benefit (provision) for income taxes	$6.5M	($21.4M)	($22.6M)	($9.5M)
Net income	$95.1M	$71.5M	—	—
Net income attributable to noncontrolling interests	($12.1M)	($13.3M)	($15.0M)	($10.2M)
Net income attributable to REX common shareholders	$83.0M	$58.2M	$60.9M	$27.7M
Weighted average shares outstanding – basic (in Shares)	33.2M	17.6M	17.5M	—
Basic net income per share attributable to REX common shareholders (in Dollars per share)	$2.50	$3.30	$3.49	—
Weighted average shares outstanding – diluted (in Shares)	33.2M	17.6M	17.6M	—
Diluted net income per share attributable to REX common shareholders (in Dollars per share)	$2.50	$3.30	$3.47	—

REX American Resources Corp income statement, quarters

Line item	Jul 31, 2026 · Q2	Apr 30, 2026 · Q1	Oct 31, 2025 · Q3	Jul 31, 2025 · Q2
Net sales and revenue	$168.5M	$156.5M	$175.6M	$158.6M
Production tax credit income	$18.4M	$7.5M	—	—
Cost of sales (includes $21,243 and $29,004 with related parties for the three months ended July 31, 2026 and 2025, respectively, and $40,083 and $53,853 with related parties for the six months ended July 31, 2026 and 2025, respectively.)	$133.6M	$135.0M	$139.5M	$144.2M
Gross profit	$53.3M	$29.1M	$36.1M	$14.3M
Selling, general and administrative expenses	($15.6M)	($9.7M)	($8.2M)	($6.2M)
Equity in income of unconsolidated affiliates	$7.2M	$3.6M	$4.4M	$891.0K
Interest and other income, net	$3.2M	$3.2M	$3.2M	$3.1M
Income before income taxes	$48.1M	$26.1M	$35.5M	$12.1M
Provision for income taxes	($7.5M)	($4.4M)	($8.0M)	($2.8M)
Net income	$40.6M	$21.7M	$27.5M	$9.3M
Net income attributable to noncontrolling interests	($5.7M)	($3.2M)	($4.1M)	($2.2M)
Net income attributable to REX common shareholders	$34.9M	$18.5M	$23.4M	$7.1M
Weighted average shares outstanding – basic (in Shares)	33.1M	33.1M	33.0M	16.5M
Weighted average shares outstanding – diluted (in Shares)	33.1M	33.1M	33.0M	16.5M
Basic net income per share attributable to REX common shareholders (in Dollars per share)	$1.06	$0.56	$0.71	$0.43
Diluted net income per share attributable to REX common shareholders (in Dollars per share)	$1.06	$0.56	$0.71	$0.43

Balance sheet

REX American Resources Corp balance sheet, fiscal years

Line item	Jan 31, 2026 · FY	Jan 31, 2025 · FY	Jan 31, 2024 · FY	Jan 31, 2023 · FY
Cash and cash equivalents	$188.7M	$196.3M	$223.4M	$69.6M
Short-term investments	$187.0M	$162.8M	$155.3M	$211.3M
Accounts receivable	$14.7M	$21.5M	$23.2M	$25.2M
Inventory	$28.4M	$31.7M	$27.0M	$48.7M
Refundable income taxes	$12.4M	$6.4M	$5.7M	$3.0M
Prepaid expenses and other	$16.6M	$17.1M	$17.5M	$13.1M
Total current assets	$447.8M	$435.8M	$452.1M	$372.6M
Property and equipment - net	$272.0M	$210.7M	$155.6M	$135.5M
Operating lease right-of-use assets	$17.6M	$21.0M	$13.0M	$15.2M
Finance lease right-of-use assets	$17.6M	—	—	—
Other assets	$5.0M	$16.7M	$9.1M	$23.2M
Equity method investments	$37.8M	$35.8M	$34.9M	$33.0M
TOTAL ASSETS	$797.7M	$720.0M	$664.8M	$579.6M
Accounts payable – trade (includes $1.2 million and $1.4 million with related parties at January 31, 2026 and 2025, respectively)	$38.4M	$28.3M	$42.1M	$34.1M
Current operating lease liabilities	$6.9M	$5.7M	$4.5M	$5.2M
Current finance lease liabilities	$469.0K	—	—	—
Accrued expenses and other current liabilities	$29.6M	$16.4M	$19.7M	$15.3M
Total current liabilities	$75.4M	$50.4M	$66.3M	$54.6M
Deferred taxes	$4.1M	$3.6M	$1.6M	$1.1M
Long-term operating lease liabilities	$11.1M	$15.4M	$8.4M	$9.9M
Long-term finance lease liabilities	$2.7M	—	—	—
Other long-term liabilities	$2.4M	$2.7M	$970.0K	$3.0M
Total long-term liabilities	$20.3M	$26.0M	$10.9M	$14.0M
Common stock, at $0.01 par value; 45,000 shares authorized; 32,938 and 34,389 shares issued at January 31, 2026 and 2025, respectively	329.0K	299.0K	299.0K	299.0K
Paid in capital	$66.0K	$6.5M	$3.8M	$578.0K
Retained earnings	$610.3M	$759.9M	$701.8M	$640.8M
Total REX shareholders’ equity	$610.7M	$560.3M	$513.9M	$448.0M
Noncontrolling interests	$91.3M	$83.3M	$73.7M	$63.0M
Total equity	$702.0M	$643.6M	$587.6M	$511.0M
TOTAL LIABILITIES AND EQUITY	$797.7M	$720.0M	$664.8M	$579.6M

REX American Resources Corp balance sheet, quarters

Line item	Jul 31, 2026	Apr 30, 2026	Oct 31, 2025	Jul 31, 2025
Cash and cash equivalents	$91.3M	$117.7M	$272.0M	$241.0M
Short-term investments	$288.2M	$246.6M	$63.5M	$69.5M
Accounts receivable	$23.5M	$21.6M	$27.4M	$24.8M
Inventory	$29.0M	$26.5M	$27.7M	$31.6M
Refundable income taxes	$8.6M	$10.7M	$6.1M	$8.5M
Prepaid expenses and other	$17.5M	$18.4M	$14.9M	$15.1M
Total current assets	$458.1M	$441.5M	$411.7M	$390.5M
Property and equipment, net	$294.0M	$282.0M	$260.2M	$232.4M
Operating lease right-of-use assets	$14.1M	$15.8M	$19.3M	$21.0M
Finance lease right-of-use assets	$16.6M	$17.1M	$18.0M	$18.5M
Other assets	$27.2M	$9.8M	$1.3M	$3.0M
Equity method investment	$46.5M	$41.3M	$39.6M	$35.2M
Total assets	$856.5M	$807.7M	$750.1M	$700.6M
Accounts payable – trade (includes $988 and $1,195 with related parties at July 31, 2026 and January 31, 2026, respectively)	$36.7M	$31.1M	$33.6M	$17.6M
Current operating lease liabilities	$7.0M	$7.0M	$6.9M	$6.8M
Current finance lease liabilities	$469.0K	$469.0K	$469.0K	$469.0K
Accrued expenses and other current liabilities	$22.4M	$26.8M	$16.5M	$12.3M
Total current liabilities	$66.5M	$65.3M	$57.5M	$37.1M
Deferred taxes	$7.4M	$4.1M	$10.2M	$7.9M
Long-term operating lease liabilities	$7.7M	$9.4M	$12.8M	$14.5M
Long-term finance lease liabilities	$2.6M	$2.7M	$2.8M	$2.9M
Other long-term liabilities	$545.0K	$2.4M	$2.8M	$2.8M
Total long-term liabilities	$18.3M	$18.6M	$36.4M	$32.5M
Common stock	$332.0K	$329.0K	$329.0K	$299.0K
Paid in capital	$11.2M	$137.0K	—	$8.0M
Retained earnings	$663.7M	$628.8M	$566.6M	$775.7M
Treasury stock	($1.6M)	—	—	($238.3M)
Total REX shareholders’ equity	$673.6M	$629.2M	$566.9M	$545.8M
Noncontrolling interests	$98.0M	$94.5M	$89.3M	$85.2M
Total equity	$771.6M	$723.8M	$656.2M	$631.0M
Total liabilities and equity	$856.5M	$807.7M	$750.1M	$700.6M

Cash flow statement

REX American Resources Corp cash flow statement, fiscal years

Line item	Jan 31, 2026 · FY	Jan 31, 2025 · FY	Jan 31, 2024 · FY	Jan 31, 2023 · FY
Net income	$95.1M	$71.5M	—	—
Depreciation	$15.3M	$15.9M	$17.8M	$18.0M
Noncash operating lease expense	$6.4M	—	—	—
Amortization of finance lease right-of-use assets	$1.4M	—	—	—
Stock-based compensation expense	$4.2M	$3.6M	$6.2M	$1.9M
Income from equity method investments	($12.5M)	($9.4M)	($13.9M)	($8.7M)
Dividends received from equity method investments	$10.5M	$8.5M	$12.0M	$6.3M
Interest income from investments	($4.8M)	($5.6M)	($10.0M)	($2.8M)
Loss on disposal of real estate and property and equipment	$192.0K	$50.0K	$243.0K	($102.0K)
Deferred income tax	($3.5M)	$9.8M	$14.6M	$915.0K
Accounts receivable	$6.8M	$1.7M	$2.0M	$659.0K
Inventory	$3.3M	($4.7M)	$21.8M	($6.5M)
Prepaid expenses and other assets	($289.0K)	($14.9M)	($4.5M)	($452.0K)
Income taxes refundable	($5.9M)	($717.0K)	($2.8M)	$3.7M
Accounts payable – trade	$8.4M	($14.7M)	$7.9M	$1.5M
Long-term taxes payable	($4.3M)	$4.3M	—	—
Accrued expenses and other liabilities	($2.5M)	($7.0M)	($4.5M)	($2.8M)
Net cash provided by operating activities	$117.8M	$64.2M	$128.0M	$54.8M
Capital expenditures	($68.4M)	($71.3M)	($37.7M)	($15.6M)
Purchases of short-term investments	($296.4M)	($372.3M)	($448.5M)	($399.4M)
Maturities of short-term investments	$277.0M	$370.4M	$514.6M	$216.7M
Proceeds from disposal of real estate and property and equipment	$7.0K	$262.0K	$29.0K	$5.0K
Deposits	$127.0K	$180.0K	($43.0K)	($319.0K)
Net cash (used in) provided by investing activities	($87.7M)	($72.9M)	$28.4M	($198.5M)
Treasury stock acquired	($33.4M)	($14.7M)	—	($13.0M)
Capital contributions from minority investor	$9.0K	—	$22.0K	—
Payments to noncontrolling interests holders	($4.1M)	($3.7M)	($4.3M)	($4.0M)
Principal paid on finance lease liabilities	($181.0K)	—	—	—
Net cash used in financing activities	($37.7M)	($18.5M)	($4.3M)	($17.0M)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	($7.5M)	—	$152.1M	—
CASH AND CASH EQUIVALENTS-Beginning of year	$196.3M	$223.4M	$71.3M	$232.1M
CASH AND CASH EQUIVALENTS-End of year	$188.7M	—	—	—
Non-cash investing activities-Accrued capital expenditures	$8.8M	$1.2M	$918.0K	$425.0K
Non-cash investing activities-Capital additions transferred from prepaid expenses	$839.0K	$217.0K	—	—
Non-cash financing activities-Stock awards accrued	$3.9M	$2.0M	$2.2M	$965.0K
Operating right-of-use assets acquired and liabilities incurred upon lease commencement	$3.0M	$13.7M	$3.2M	$9.3M
Finance right-of-use assets acquired and liabilities incurred upon lease commencement	$3.4M	—	—	—

REX American Resources Corp cash flow statement, quarters

Line item	Jul 31, 2026 · YTD	Apr 30, 2026 · Q1	Oct 31, 2025 · YTD	Jul 31, 2025 · YTD
Net income	$62.3M	$21.7M	—	—
Depreciation	$8.9M	$4.5M	$11.0M	$7.1M
Noncash operating lease expense	$3.5M	$1.8M	—	—
Amortization of finance lease right-of-use assets	$949.0K	$475.0K	$949.0K	$475.0K
Stock-based compensation expense	$6.0M	$2.4M	$3.6M	$1.0M
Income from equity method investments	($10.8M)	($3.6M)	($6.3M)	($1.9M)
Dividends received from equity method investments	$2.0M	—	$2.5M	$2.5M
Interest income from investments	($4.3M)	($2.0M)	($3.7M)	($3.0M)
Loss on disposal of property and equipment – net	$131.0K	$41.0K	$191.0K	$172.0K
Deferred income taxes	$7.4M	($4.9M)	$6.6M	$4.3M
Accounts receivable	($8.8M)	($6.9M)	($5.9M)	($3.3M)
Inventory	($558.0K)	$1.9M	$4.0M	$44.0K
Prepaid expenses and other	($27.3M)	($1.8M)	—	—
Refundable income taxes	$3.8M	$1.6M	$378.0K	($2.0M)
Accounts payable – trade	($1.3M)	($8.6M)	$3.0M	($9.9M)
Long-term taxes payable	$0	$0	$3.5M	$226.0K
Accrued expenses and other liabilities	($3.9M)	($8.6M)	($9.0M)	($5.5M)
Net cash provided by operating activities	$38.0M	($2.1M)	$64.0M	$12.8M
Capital expenditures	($35.0M)	($11.6M)	($55.7M)	($28.9M)
Purchases of short-term investments	($320.8M)	($91.6M)	($129.0M)	($90.7M)
Maturities of short-term investments	$224.0M	$34.0M	$232.0M	$187.0M
Proceeds from disposal of real estate and property and equipment	$299.0K	$299.0K	—	—
Deposits	($17.0K)	($8.0K)	$118.0K	$128.0K
Net cash (used in) provided by investing activities	($131.5M)	($68.9M)	$47.5M	$67.5M
Treasury stock acquired	($1.6M)	$0	($33.4M)	($33.4M)
Noncontrolling interests distributions and other	($2.2M)	$0	($2.3M)	($2.3M)
Principal paid on finance lease liabilities	($125.0K)	($62.0K)	($119.0K)	—
Net cash used in financing activities	($3.9M)	($62.0K)	($35.8M)	($35.6M)
Net (decrease) increase in cash and cash equivalents	($97.4M)	($71.1M)	$75.7M	$44.7M
Cash and cash equivalents, beginning of period	$188.7M	$188.7M	$196.3M	$196.3M
Cash and cash equivalents, end of period	$91.3M	$117.7M	$272.0M	$241.0M
Non-cash investing activities – Accrued capital expenditures	$4.9M	$7.8M	$5.2M	$694.0K
Non-cash investing activities – Capital additions transferred from prepaid expenses	$123.0K	$20.0K	$952.0K	$536.0K
Non-cash financing activities – Stock awards accrued	$2.0M	$2.3M	$3.4M	$559.0K
Non-cash financing activities – Stock awards issued	$7.0M	—	—	$2.0M
Non-cash financing activities – Excise tax on stock repurchases accrued	$0	$0	$258.0K	$258.0K
Operating right-of-use assets acquired and liabilities incurred upon lease commencement	$0	$0	$3.0M	$3.0M
Finance right-of-use assets acquired and liabilities incurred upon lease commencement	$0	$0	$3.4M	$3.4M

REX American Resources Corp score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.