v3.26.1
Accounting Policies (Tables)
3 Months Ended
Apr. 30, 2026
Accounting Policies [Abstract]  
Summary of Reclassifications

Below is a summary of reclassifications made to the Consolidated Statements of Operations for the year ended January 31, 2026 (amounts in thousands):

 

   Year Ended
January 31, 2026
 
             
   As Previously
Reported
   Effect of
Change
   As Currently
Reported
 
             
Production tax credit income  $-   $31,723   $31,723 
                
Gross profit  $93,706   $31,723   $125,429 
                
Income before income taxes  $88,572   $31,723   $120,295 
                
Benefit (provision) for income taxes  $6,502   $(28,089)   $(21,587) 
                
Net income  $95,074   $3,634   $98,708 
                
Net income attributable to noncontrolling interests  $(12,123)   $(3,634)   $(15,757) 
                
Net income attributable to REX common shareholders  $82,951   $-   $82,951 
Schedule of Inventory

The components of inventory are as follows (amounts in thousands):

 

   April 30,
2026
   January 31,
2026
 
         
Ethanol and other finished goods  $4,387   $5,809 
Work in process   5,274    5,431 
Corn and other raw materials   16,885    17,182 
Total  $26,546   $28,422