Argo Group Intl Financials

ARGD

Source SEC Filings (10-K/10-Q) Updated Jun 30, 2025 Currency USD FYE December

This page shows Argo Group Intl (ARGD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Weak

2/9

Argo Group Intl passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality

0.98x

For every $1 of reported earnings, Argo Group Intl generates $0.98 in operating cash flow (-$144.7M OCF vs -$148.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$378.7M

YoY-78.4%

5Y CAGR-26.8%

10Y CAGR-12.7%

Argo Group Intl generated $378.7M in revenue in fiscal year 2025. This represents a decrease of 78.4% from the prior year.

EBITDA

N/A

Net Income

-$148.1M

YoY+15.5%

Argo Group Intl reported -$148.1M in net income in fiscal year 2025. This represents an increase of 15.5% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$644.4M

YoY+1183.7%

5Y CAGR+35.8%

10Y CAGR+15.1%

Argo Group Intl held $644.4M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-39.1%

YoY-29.1pp

5Y CAGR-42.3pp

10Y CAGR-48.8pp

Argo Group Intl's net profit margin was -39.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 29.1 percentage points from the prior year.

Return on Equity

-9.2%

YoY+5.0pp

5Y CAGR-12.5pp

10Y CAGR-18.4pp

Argo Group Intl's ROE was -9.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 5.0 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

ARGD Income Statement

Metric	FY25	FY22	FY21	FY20	FY19	FY18
Revenue	$378.7M-78.4%	$1.8B-17.6%	$2.1B+12.7%	$1.9B-3.6%	$2.0B+8.9%	$1.8B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$401.0M-6.4%	$428.6M+4.8%	$409.0M-0.8%	$412.3M+17.1%	$352.2M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$38.1M+42.2%	$26.8M+24.1%	$21.6M-19.7%	$26.9M-21.1%	$34.1M+6.9%	$31.9M
Income Tax	-$42.2M-427.5%	-$8.0M-471.4%	-$1.4M-118.2%	$7.7M-45.4%	$14.1M+252.5%	$4.0M
Net Income	-$148.1M+15.5%	-$175.2M-2714.9%	$6.7M+112.4%	-$54.1M-283.7%	-$14.1M-124.7%	$57.0M
EPS (Diluted)	N/A	$-5.31-4727.3%	$-0.11+93.5%	$-1.70-314.6%	$-0.41-124.8%	$1.65

Metric	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$336.5M+20.7%	$278.8M	N/A	$296.4M-22.1%	$380.7M+0.5%	$378.7M	N/A	$378.4M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$8.4M-2.3%	$8.6M	N/A	$9.4M-15.3%	$11.1M+27.6%	$8.7M	N/A	$8.7M
Income Tax	$16.0M+92.8%	$8.3M	N/A	-$34.4M-714.3%	$5.6M+250.0%	$1.6M	N/A	$17.6M
Net Income	$58.8M+94.7%	$30.2M	N/A	-$132.3M-1141.7%	$12.7M-50.4%	$25.6M	N/A	-$46.9M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$-1.41

ARGD Balance Sheet

Metric	FY25	FY22	FY21	FY20	FY19	FY18
Total Assets	$8.9B-11.5%	$10.0B-2.7%	$10.3B-1.4%	$10.5B-0.4%	$10.5B+9.9%	$9.6B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$644.4M+1183.7%	$50.2M-65.6%	$146.1M-1.8%	$148.8M+8.0%	$137.8M-1.4%	$139.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	$118.6M-19.5%	$147.3M0.0%	$147.3M-8.7%	$161.4M-8.8%	$177.0M
Total Liabilities	$7.3B-17.3%	$8.8B+2.6%	$8.6B-0.3%	$8.6B-1.6%	$8.7B+12.0%	$7.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	$458.7M-20.7%	$578.7M-0.3%	$580.2M
Total Equity	$1.6B+30.1%	$1.2B-28.9%	$1.7B-6.6%	$1.9B+5.3%	$1.8B+1.7%	$1.7B
Retained Earnings	-$157.7M-138.7%	$407.3M-36.0%	$636.4M-7.0%	$684.1M-13.8%	$793.7M-8.0%	$862.6M

Metric	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$8.7B+0.1%	$8.7B-1.6%	$8.9B+0.7%	$8.8B+1.1%	$8.7B+0.8%	$8.6B+1.7%	$8.5B+0.8%	$8.4B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$937.7M+51.8%	$617.6M-4.2%	$644.4M+15.5%	$558.0M+17.4%	$475.5M+2.8%	$462.4M-41.6%	$791.6M+1133.0%	$64.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$118.6M
Total Liabilities	$7.0B-0.7%	$7.1B-2.5%	$7.3B-1.9%	$7.4B+2.8%	$7.2B-0.4%	$7.2B+0.5%	$7.2B-0.9%	$7.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.7B+3.5%	$1.6B+2.2%	$1.6B+14.8%	$1.4B-7.2%	$1.5B+7.2%	$1.4B+8.2%	$1.3B+10.8%	$1.2B
Retained Earnings	-$74.0M+43.1%	-$130.1M+17.5%	-$157.7M-56.1%	-$101.0M-397.9%	$33.9M+41.8%	$23.9M+2555.6%	$900K-99.7%	$321.1M

ARGD Cash Flow Statement

Metric	FY25	FY22	FY21	FY20	FY19	FY18
Operating Cash Flow	-$144.7M-372.0%	$53.2M-46.6%	$99.7M+38.7%	$71.9M-60.7%	$182.8M-39.4%	$301.8M
Capital Expenditures	N/A	N/A	N/A	$20.2M-32.4%	$29.9M-7.1%	$32.2M
Free Cash Flow	N/A	N/A	N/A	$51.7M-66.2%	$152.9M-43.3%	$269.6M
Investing Cash Flow	-$192.0M-621.8%	-$26.6M+52.4%	-$55.9M-130.0%	-$24.3M+83.0%	-$142.8M+46.8%	-$268.3M
Financing Cash Flow	$189.5M+463.7%	-$52.1M+1.5%	-$52.9M-97.4%	-$26.8M+35.9%	-$41.8M+38.2%	-$67.6M
Dividends Paid	N/A	$43.4M-0.7%	$43.7M+1.6%	$43.0M-0.2%	$43.1M+14.9%	$37.5M
Share Buybacks	N/A	N/A	N/A	$0	$0-100.0%	$31.7M

Metric	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$45.0M+188.9%	-$50.6M+17.2%	-$61.1M-1697.1%	-$3.4M+94.9%	-$66.5M-385.4%	-$13.7M	N/A	$174.1M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$277.8M+952.3%	$26.4M-82.4%	$150.1M+69.6%	$88.5M+7.5%	$82.3M+116.0%	-$512.9M	N/A	-$152.7M
Financing Cash Flow	-$2.7M-3.8%	-$2.6M0.0%	-$2.6M0.0%	-$2.6M+3.7%	-$2.7M-101.4%	$197.4M	N/A	-$5.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$100K
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ARGD Financial Ratios

Metric	FY25	FY22	FY21	FY20	FY19	FY18
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-39.1%-29.1pp	-10.0%-10.3pp	0.3%+3.2pp	-2.9%-2.1pp	-0.7%-3.9pp	3.2%
Return on Equity	-9.2%+5.0pp	-14.2%-14.6pp	0.4%+3.3pp	-2.9%-2.1pp	-0.8%-4.1pp	3.3%
Return on Assets	-1.7%+0.1pp	-1.8%-1.8pp	0.1%+0.6pp	-0.5%-0.4pp	-0.1%-0.7pp	0.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	4.54-2.6	7.14+2.2	4.95+4.7	0.25-0.1	0.330.0	0.33
FCF Margin	N/A	N/A	N/A	2.7%-5.1pp	7.8%-7.2pp	15.0%

Metric	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	17.5%+6.6pp	10.8%	N/A	-44.6%-48.0pp	3.3%-3.4pp	6.8%	N/A	-12.4%
Return on Equity	3.5%+1.6pp	1.8%	N/A	-9.5%-10.3pp	0.8%-1.0pp	1.8%	N/A	-4.0%
Return on Assets	0.7%+0.3pp	0.4%	N/A	-1.5%-1.7pp	0.1%-0.1pp	0.3%	N/A	-0.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	4.15-0.2	4.33-0.2	4.54-0.8	5.31+0.5	4.79-0.4	5.16-0.4	5.55-0.7	6.21
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is Argo Group Intl's annual revenue?

Argo Group Intl (ARGD) reported $378.7M in total revenue for fiscal year 2025. This represents a -78.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Argo Group Intl's revenue growing?

Argo Group Intl (ARGD) revenue declined by 78.4% year-over-year, from $1.8B to $378.7M in fiscal year 2025.

Is Argo Group Intl profitable?

No, Argo Group Intl (ARGD) reported a net income of -$148.1M in fiscal year 2025, with a net profit margin of -39.1%.

What is Argo Group Intl's net profit margin?

Argo Group Intl (ARGD) had a net profit margin of -39.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Argo Group Intl's return on equity (ROE)?

Argo Group Intl (ARGD) has a return on equity of -9.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Argo Group Intl's operating cash flow?

Argo Group Intl (ARGD) generated -$144.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Argo Group Intl's total assets?

Argo Group Intl (ARGD) had $8.9B in total assets as of fiscal year 2025, including both current and long-term assets.

What is Argo Group Intl's debt-to-equity ratio?

Argo Group Intl (ARGD) had a debt-to-equity ratio of 4.54 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Argo Group Intl's return on assets (ROA)?

Argo Group Intl (ARGD) had a return on assets of -1.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Argo Group Intl's cash runway?

Based on fiscal year 2025 data, Argo Group Intl (ARGD) had $644.4M in cash against an annual operating cash burn of $144.7M. This gives an estimated cash runway of approximately 53 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Argo Group Intl's Piotroski F-Score?

Argo Group Intl (ARGD) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Argo Group Intl's earnings high quality?

Argo Group Intl (ARGD) has an earnings quality ratio of 0.98x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.