v3.26.1
Accounting Policies (Tables)
6 Months Ended
Jul. 31, 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):

 

   July 31,
2026
   January 31,
2026
 
           
Ethanol and other finished goods  $5,687   $5,809 
Work in process   5,191    5,431 
Corn and other raw materials   18,102    17,182 
Total  $28,980   $28,422