Titan Machinery Inc (TITN) financial statements: income statement, balance sheet and cash flow
Titan Machinery Inc'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), Titan Machinery Inc reported revenue of $2.4B (-10.2% year on year) and net income of ($54.2M) (-46.8% year on year).
Income statement
Titan Machinery Inc income statement, fiscal years
Line item
Jan 31, 2026 · FY
Jan 31, 2025 · FY
Jan 31, 2024 · FY
Jan 31, 2023 · FY
Revenue
$2.4B
$2.7B
$2.8B
$2.2B
Cost of Revenue
$2.0B
$2.3B
$2.2B
$1.8B
TOTAL COST OF REVENUE
$2.0B
$2.3B
$2.2B
$1.8B
GROSS PROFIT
$382.6M
$395.6M
$531.4M
$439.8M
OPERATING EXPENSES
$385.2M
$389.8M
$362.5M
$301.5M
Goodwill, Impairment Loss
$0
$531.0K
—
$0
Other Asset Impairment Charges
$2.3M
$1.3M
$0
$0
Restructuring Costs
$1.7M
—
—
—
(Loss) Income from Operations
($6.7M)
$4.0M
$168.8M
$138.3M
Interest and other income (expense)
$4.4M
($4.2M)
$3.3M
$3.9M
Floorplan interest expense
$24.1M
$34.7M
$13.8M
$1.9M
Interest Expense, Other
$19.0M
$15.1M
$7.3M
$5.1M
Income (Loss) Attributable to Parent, before Tax
($45.4M)
($50.0M)
$151.0M
$135.2M
Income Tax Expense (Benefit)
$8.8M
($13.1M)
$38.6M
$33.4M
Net Income (Loss) Attributable to Titan Machinery Inc.
($54.2M)
($36.9M)
$112.4M
$101.9M
Net Loss Attributable to Titan Machinery Inc. Common Stockholders
($54.2M)
($36.9M)
$110.9M
$100.6M
Earnings Per Share, Basic
-$2.38
-$1.63
$4.93
$4.50
Earnings (Loss) per share - diluted (in dollars per share)
-$2.38
-$1.63
$4.93
$4.49
Weighted Average Number of Shares Outstanding, Basic
22.7M
22.6M
22.5M
22.4M
WEIGHTED AVERAGE COMMON SHARES-DILUTED (in shares)
22.7M
22.6M
22.5M
22.4M
Titan Machinery Inc income statement, quarters
Line item
Jul 31, 2026 · Q2
Apr 30, 2026 · Q1
Oct 31, 2025 · Q3
Jul 31, 2025 · Q2
Revenue
$496.4M
$522.4M
$644.5M
$546.4M
Cost of Revenue
$404.0M
$433.1M
$533.5M
$452.8M
Total Cost of Revenue
$404.0M
$433.1M
$533.5M
$452.8M
Gross Profit
$92.4M
$89.3M
$111.0M
$93.6M
Operating Expenses
$94.1M
$94.4M
$100.5M
$92.7M
Other Asset Impairment Charges
$592.0K
$502.0K
$238.0K
$323.0K
(Loss) Income from Operations
($2.3M)
($5.6M)
$10.3M
$662.0K
Interest and other income (expense)
$1.2M
$1.3M
$3.4M
$2.6M
Floorplan interest expense
$3.7M
$3.6M
$6.2M
$6.8M
Other interest expense
($4.4M)
($4.6M)
($4.8M)
($4.7M)
Loss Before Income Taxes
($9.2M)
($12.5M)
$2.8M
($8.2M)
(Benefit) Provision for Income Taxes
($6.0K)
$141.0K
$1.6M
($2.2M)
Net Loss
($9.2M)
($12.6M)
$1.2M
($6.0M)
Earnings (Loss) per Share - Basic, in dollars per share
-$0.40
-$0.55
$0.05
-$0.26
Earnings (Loss) per Share - Diluted, in dollars per share
-$0.40
-$0.55
$0.05
-$0.26
Weighted Average Number of Shares Outstanding, Basic
23.0M
22.8M
22.8M
22.8M
Weighted Average Number of Shares Outstanding, Diluted
23.0M
22.8M
22.8M
22.8M
Balance sheet
Titan Machinery Inc balance sheet, fiscal years
Line item
Jan 31, 2026 · FY
Jan 31, 2025 · FY
Jan 31, 2024 · FY
Jan 31, 2023 · FY
Cash
$28.2M
$35.9M
$38.1M
$43.9M
Receivables, net of allowance for expected credit losses
$127.0M
$119.8M
$153.7M
$95.8M
Inventories
$903.1M
$1.1B
$1.3B
$703.9M
Prepaid expenses and other
$31.7M
$28.2M
$24.3M
$25.6M
Total current assets
$1.1B
$1.3B
$1.5B
$869.3M
Property, Plant and Equipment, Net
$361.0M
$379.7M
$298.8M
$217.8M
Operating Lease, Right-of-Use Asset
$47.2M
$27.9M
$54.7M
$50.2M
Deferred income taxes
$1.3M
$2.6M
$529.0K
$1.2M
Goodwill
$65.6M
$61.2M
$64.1M
$30.6M
Intangible assets, net of accumulated amortization
$51.2M
$48.3M
$53.4M
$18.4M
Other
$625.0K
$1.6M
$1.8M
$1.2M
Assets, Noncurrent
$526.9M
$521.3M
$473.2M
$319.4M
Total Assets
$1.6B
$1.8B
$2.0B
$1.2B
Accounts payable
$35.2M
$37.2M
$43.8M
$40.8M
Floorplan payable
$553.8M
$755.7M
$893.8M
$258.4M
Current maturities of long-term debt
$21.4M
$10.9M
$13.7M
$7.2M
Current maturities of operating leases
$4.1M
$5.7M
$10.8M
$9.9M
Deferred revenue
$82.3M
$91.9M
$115.9M
$119.8M
Other Liabilities, Current
$75.2M
$59.5M
$74.4M
$58.2M
Total current liabilities
$772.0M
$961.0M
$1.2B
$498.2M
Long-term debt, less current maturities
$158.6M
$157.8M
$106.4M
$90.0M
Operating lease liabilities
$46.0M
$25.6M
$51.0M
$48.5M
Finance Lease, Liability, Noncurrent
$42.1M
$44.9M
—
—
Deferred income taxes
$10.2M
$8.8M
$22.6M
$9.6M
Other long-term liabilities
$8.8M
$1.8M
$2.2M
$6.2M
Total long-term liabilities
$265.7M
$238.9M
$182.2M
$154.2M
Common stock, par value $0.00001 per share, 45,000,000 shares authorized; 23,363,865 shares issued and outstanding at January 31, 2026; 23,124,768 shares issued and outstanding at January 31, 2025
$0.00
$0.00
$0.00
$0.00
Additional paid-in-capital
$266.9M
$262.1M
$258.7M
$256.5M
Retained earnings
$306.1M
$360.3M
$397.2M
$284.8M
Accumulated other comprehensive income (loss)
$6.3M
($8.3M)
$1.8M
($5.0M)
Stockholders' Equity Attributable to Parent
$579.3M
$614.1M
$657.6M
$536.3M
Total Liabilities and Stockholders' Equity
$1.6B
$1.8B
$2.0B
$1.2B
Common stock, issued shares
23.4M
23.1M
22.8M
22.7M
Common stock, outstanding shares
23.4M
23.1M
22.8M
22.7M
Common stock, authorized shares
45.0M
45.0M
45.0M
45.0M
Common stock, par value (in dollars per share)
$0.00
$0.00
$0.00
$0.00
Titan Machinery Inc balance sheet, quarters
Line item
Jul 31, 2026
Apr 30, 2026
Oct 31, 2025
Jul 31, 2025
Cash
$29.5M
$29.6M
$48.8M
$32.7M
Receivables, net of allowance for expected credit losses
$113.2M
$109.6M
$146.7M
$127.6M
Inventories, net
$931.5M
$914.8M
$1.0B
$1.1B
Prepaid expenses and other
$26.5M
$30.7M
$21.8M
$26.0M
Total current assets
$1.1B
$1.1B
$1.2B
$1.3B
Property and equipment, net of accumulated depreciation
$360.2M
$362.1M
$371.7M
$377.9M
Operating lease assets
$47.7M
$48.2M
$47.7M
$48.2M
Deferred income taxes
$988.0K
$771.0K
$8.9M
$11.5M
Goodwill
$67.2M
$66.7M
$63.9M
$63.9M
Intangible assets, net of accumulated amortization
$51.3M
$51.7M
$48.4M
$49.0M
Other
$593.0K
$593.0K
$674.0K
$1.1M
Total noncurrent assets
$527.9M
$530.1M
$541.3M
$551.7M
Total Assets
$1.6B
$1.6B
$1.8B
$1.9B
Accounts payable
$41.0M
$43.8M
$46.3M
$41.5M
Floorplan payable
$623.6M
$589.0M
$739.6M
$852.2M
Current maturities of long-term debt
$25.9M
$26.1M
$21.8M
$11.4M
Current operating lease liabilities
$4.0M
$4.1M
$4.2M
$4.4M
Deferred revenue
$38.7M
$54.1M
$24.1M
$41.7M
Accrued expenses and other
$84.5M
$71.3M
$68.0M
$59.9M
Total current liabilities
$817.7M
$788.5M
$904.1M
$1.0B
Long-term debt, less current maturities
$147.5M
$150.5M
$154.8M
$153.1M
Operating lease liabilities
$46.7M
$46.9M
$45.8M
$46.1M
Finance Lease, Liability, Noncurrent
$36.8M
$41.6M
$39.6M
$44.6M
Deferred Income Tax Liabilities, Net
$11.0M
$10.3M
$7.4M
$9.3M
Other long-term liabilities
$11.2M
$10.4M
$5.1M
$3.4M
Total long-term liabilities
$253.0M
$259.8M
$252.7M
$256.5M
Common stock, par value $.00001 per share, 45,000,000 shares authorized; 23,535,950 shares issued and outstanding at July 31, 2026; 23,363,865 shares issued and outstanding at January 31, 2026
$0.00
$0.00
$0.00
$0.00
Additional paid-in-capital
$268.6M
$267.2M
$265.6M
$264.4M
Retained earnings
$284.4M
$293.5M
$342.3M
$341.1M
Accumulated other comprehensive income
$4.9M
$5.7M
$4.7M
$4.8M
Total Titan Machinery Inc. stockholders' equity
$557.8M
$566.5M
$612.6M
$610.3M
Total Liabilities and Stockholders' Equity
$1.6B
$1.6B
$1.8B
$1.9B
Cash flow statement
Titan Machinery Inc 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 (Loss) Attributable to Parent
($54.2M)
($36.9M)
$112.4M
$101.9M
Depreciation and amortization
$37.6M
$38.6M
$31.5M
$25.2M
Impairment of goodwill, intangible assets and long lived assets
$2.3M
$1.8M
$0
$0
Deferred income taxes
$2.6M
($15.8M)
$2.9M
$7.6M
Stock-based compensation expense
$5.6M
$4.3M
$3.1M
$3.2M
Noncash interest expense
$985.0K
$1.1M
$292.0K
$245.0K
Noncash lease expense
$5.1M
$8.1M
—
—
Interest and Debt Expense
$0
$9.7M
—
—
Gain (Loss) on Extinguishment of Debt
$0
($3.6M)
—
—
Other, net
($7.6M)
$3.6M
$8.0M
$9.4M
Receivables
($499.0K)
$28.8M
($48.1M)
$9.9M
Increase (Decrease) in Prepaid Expense and Other Assets
$6.2M
$1.5M
—
—
Inventories
$235.7M
$166.2M
($476.4M)
($180.9M)
Manufacturer floorplan payable
($99.9M)
($82.7M)
$368.1M
$69.6M
Deferred revenue
($10.9M)
($25.6M)
($15.5M)
($20.9M)
Accounts payable, accrued expenses and other and other long-term liabilities
$14.6M
($28.7M)
($17.8M)
($13.9M)
Net Cash Provided by (Used in) Operating Activities, Total
$137.5M
$70.3M
($32.3M)
$10.8M
Payments To Acquire Property And Equipment (Excluding Rental Fleet)
$22.4M
$51.8M
$51.5M
$27.2M
Proceeds from sale of property and equipment
$5.9M
$4.2M
$7.1M
$3.8M
Acquisition consideration, net of cash acquired
($19.8M)
($260.0K)
($107.5M)
($100.5M)
Proceeds from Divestiture of Businesses
$12.8M
—
—
—
Other, net
$837.0K
$199.0K
($597.0K)
($139.0K)
Net Cash Provided by (Used in) Investing Activities, Total
($22.7M)
($47.7M)
($163.4M)
($134.1M)
Net change in non-manufacturer floorplan payable
($126.8M)
($37.7M)
$183.1M
$22.3M
Proceeds from long-term debt borrowings
$25.3M
$37.3M
$19.6M
$8.4M
Payments of Debt Issuance Costs
$148.0K
$3.9M
—
—
Other, net
($760.0K)
($853.0K)
($1.1M)
($1.2M)
Net Cash Provided by (Used in) Financing Activities, Total
($123.7M)
($23.6M)
$188.6M
$22.0M
Effect of Exchange Rate Changes on Cash
$1.2M
($1.1M)
$1.2M
($946.0K)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total
($7.7M)
($2.2M)
($5.8M)
($102.2M)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
$28.2M
$35.9M
$38.1M
$43.9M
Income taxes, net of refunds
($1.8M)
$6.6M
$39.8M
$26.6M
Interest
$42.9M
$48.3M
$19.4M
$6.5M
Increase (Decrease) in Other Accounts Payable and Accrued Liabilities
($2.0M)
—
—
—
Finance lease debt to acquire finance asset
$4.8M
$65.6M
$2.5M
$7.1M
Net transfer of assets from (to) property and equipment to (from) inventories
($3.4M)
($6.8M)
($497.0K)
($3.8M)
Titan Machinery Inc cash flow statement, quarters
Line item
Jul 31, 2026 · YTD
Apr 30, 2026 · Q1
Oct 31, 2025 · YTD
Jul 31, 2025 · YTD
Net Income (Loss) Attributable to Parent
($21.8M)
($12.6M)
($18.0M)
($19.2M)
Depreciation and amortization
$18.5M
$9.0M
$28.2M
$18.3M
Asset, Impairment Loss
$1.1M
$502.0K
$827.0K
$589.0K
Deferred income taxes
$719.0K
$328.0K
($8.2M)
($8.8M)
Stock-based compensation expense
$2.7M
$1.3M
$4.2M
$3.0M
Noncash interest expense
$503.0K
$248.0K
$734.0K
$494.0K
Operating Lease, Expense
$2.4M
$1.2M
$3.8M
$2.6M
Other, net
($1.5M)
($1.3M)
($7.5M)
($3.9M)
Increase (Decrease) in Accounts Receivable
$15.3M
$20.0M
($19.0M)
($4.2M)
Increase (Decrease) in Prepaid Expense and Other Assets
($1.5M)
($7.1M)
$6.3M
$6.3M
Inventories
($35.8M)
($14.7M)
$120.0M
($2.9M)
Manufacturer floorplan payable
$28.3M
$4.1M
$24.8M
$100.6M
Increase (Decrease) in Deferred Revenue
($43.9M)
($28.5M)
($68.6M)
($51.4M)
Accounts payable, accrued expenses and other and other long-term liabilities
$10.1M
$4.4M
$16.4M
$8.4M
Net Cash (Used for) Provided by Operating Activities
($25.1M)
($23.1M)
$83.9M
$49.9M
Property and equipment purchases (excluding rental fleet)
($6.1M)
($2.5M)
($18.4M)
($15.7M)
Proceeds from sale of property and equipment
$4.3M
$1.6M
$4.8M
$3.8M
Acquisition consideration, net of cash acquired
$3.9M
—
$13.4M
$13.4M
Proceeds from Divestiture of Businesses, Net of Cash Divested
$2.0M
$2.0M
$9.1M
—
Other, net
$0
$0
$813.0K
$344.0K
Net Cash Used for Investing Activities
($3.7M)
$1.1M
($17.0M)
($24.9M)
Net change in non-manufacturer floorplan payable
$39.6M
$28.7M
($56.2M)
($19.6M)
Proceeds from long-term debt borrowings
$0
$0
$15.9M
$1.5M
Principal payments on long-term debt and finance leases
$8.2M
$4.3M
$14.6M
$11.1M
Other, net
($968.0K)
($959.0K)
($713.0K)
($711.0K)
Net Cash Provided by (Used for) Financing Activities
$30.4M
$23.4M
($55.7M)
($30.0M)
Effect of Exchange Rate Changes on Cash
($331.0K)
$4.0K
$1.8M
$1.7M
Net Change in Cash
$1.3M
$1.4M
$12.9M
($3.2M)
Cash at Beginning of Period
$28.2M
$28.2M
$35.9M
$35.9M
Cash at End of Period
$29.5M
$29.6M
$48.8M
$32.7M
Income taxes, net of refunds
($2.6M)
($2.2M)
($1.3M)
$559.0K
Interest
$15.8M
$7.9M
$33.0M
$22.0M
Net change in property and equipment included in long-term debt, leases, accounts payable and accrued liabilities
$503.0K
$403.0K
—
—
Net transfer of assets to property and equipment from inventories