Titan Machinery Inc. (TITN) Income Statement
TITN FY2026 at a glance
Fiscal year ended January 31, 2026 · U.S. dollarsTITN revenue and net income
Where TITN's revenue goes
FY2026Each bar shows an amount and its share of revenue. TITN kept −2.2% of revenue as net income.
TITN profit margins
TITN growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −10.2% | +3.2% | +11.5% | +5.9% |
| Gross profit | −3.3% | −4.5% | +7.9% | +6.4% |
| Operating income | −145.8% | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TITN quarterly EPS vs estimates
Titan Machinery beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 24, 2026 (estimate $-0.08).
TITN income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.43B | $2.70B | $2.76B | $2.21B | $1.71B | $1.41B | $1.31B | $1.26B | $1.20B | $1.21B |
| Cost of revenue | $2.04B | $2.31B | $2.23B | $1.77B | $1.38B | $1.15B | $1.05B | $1.03B | $987.6M | $999.4M |
| Gross profit | $382.6M | $395.6M | $531.4M | $439.8M | $332.7M | $261.4M | $250.8M | $231.6M | $215.3M | $213.7M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | — | — | — | — | — | — | $24.1M | $201.3M | $203.2M | $213.4M |
| Total operating expenses | $385.2M | $389.8M | $362.5M | $301.5M | $241.0M | $220.8M | $225.7M | $201.5M | $203.2M | $211.4M |
| Operating income | −$2.7M | $5.8M | $168.8M | $138.3M | $90.2M | $37.4M | $21.3M | $27.5M | $925,000 | −$2.4M |
| Interest income | $4.4M | — | $3.3M | $3.9M | $2.4M | $527,000 | $3.1M | $2.5M | $1.6M | $1.5M |
| Interest expense | $43.1M | $54.0M | $21.1M | $6.9M | $5.7M | $7.2M | $9.8M | $13.9M | $17.0M | $21.9M |
| Income before taxes | −$45.4M | −$50.0M | $151.0M | $135.2M | $86.9M | $30.8M | $14.7M | $16.2M | −$14.4M | −$22.7M |
| Income taxes | $8.8M | −$13.1M | $38.6M | $33.4M | $20.9M | $11.4M | $699,000 | $4.0M | −$7.4M | −$8.2M |
| Net income | −$54.2M | −$36.9M | $110.9M | $101.9M | $66.0M | $19.4M | $14.0M | $12.2M | −$7.0M | −$14.2M |
| EBITDA | $35.2M | $42.6M | $200.3M | $163.5M | $124.6M | $73.2M | $64.2M | $53.7M | $37.2M | $27.2M |
| EPS (diluted) | −$2.22 | −$1.33 | $5.20 | $4.53 | $2.98 | $1.25 | $0.79 | $0.66 | −$0.13 | −$0.65 |
| Gross margin | 15.8% | 14.6% | 19.3% | 19.9% | 19.4% | 18.5% | 19.2% | 18.4% | 17.9% | 17.6% |
| Operating margin | −0.1% | 0.2% | 6.1% | 6.3% | 5.3% | 2.7% | 1.6% | 2.2% | 0.1% | −0.2% |
| Net margin | −2.2% | −1.4% | 4.0% | 4.6% | 3.9% | 1.4% | 1.1% | 1.0% | −0.6% | −1.2% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $496.4M | $522.4M | $641.8M | $644.5M | $546.4M | $594.3M | $759.9M | $679.8M | $633.7M | $628.7M | $852.1M | $694.1M |
| Cost of revenue | $404.0M | $433.1M | $554.9M | $533.5M | $452.8M | $503.4M | $708.9M | $569.3M | $521.3M | $512.9M | $717.1M | $555.8M |
| Gross profit | $92.4M | $89.3M | $87.0M | $111.0M | $93.6M | $90.9M | $51.0M | $110.5M | $112.4M | $115.8M | $135.0M | $138.3M |
| Total operating expenses | $94.1M | $94.4M | $95.7M | $100.5M | $93.0M | $96.7M | $96.7M | $98.8M | $96.6M | $93.2M | $94.3M | $92.1M |
| Operating income | −$1.7M | −$5.1M | −$8.7M | $10.5M | $662,000 | −$5.7M | −$45.8M | $11.7M | $15.8M | $22.6M | $40.7M | $46.2M |
| Interest income | $1.2M | $1.3M | $1.2M | $3.4M | $2.6M | — | — | $3.1M | — | — | $2.2M | — |
| Interest expense | $8.1M | $8.2M | $9.6M | $10.9M | $11.5M | $11.5M | $13.0M | $14.3M | $20.0M | $9.8M | $9.3M | $5.8M |
| Income before taxes | −$9.2M | −$12.5M | −$22.7M | $2.8M | −$8.2M | −$17.3M | −$58.8M | $275,000 | −$4.2M | $12.8M | $33.6M | $40.5M |
| Income taxes | −$6,000 | $141,000 | $13.5M | $1.6M | −$2.2M | −$4.1M | −$15.0M | −$1.4M | $54,000 | $3.3M | $9.6M | $10.3M |
| Net income | −$9.2M | −$12.6M | −$36.2M | $1.2M | −$6.0M | −$13.2M | −$43.8M | $1.7M | −$4.3M | $9.4M | $23.6M | $30.2M |
| EBITDA | $7.8M | $3.9M | −$3.8M | $23.6M | $12.7M | $3.2M | −$35.8M | $24.8M | $25.4M | $31.0M | $48.2M | $54.5M |
| EPS (diluted) | −$0.40 | −$0.55 | −$1.43 | $0.05 | −$0.26 | −$0.58 | −$1.98 | $0.07 | $0.17 | $0.41 | $1.31 | $1.32 |
| Gross margin | 18.6% | 17.1% | 13.5% | 17.2% | 17.1% | 15.3% | 6.7% | 16.3% | 17.7% | 18.4% | 15.8% | 19.9% |
| Operating margin | −0.3% | −1.0% | −1.4% | 1.6% | 0.1% | −1.0% | −6.0% | 1.7% | 2.5% | 3.6% | 4.8% | 6.7% |
| Net margin | −1.8% | −2.4% | −5.6% | 0.2% | −1.1% | −2.2% | −5.8% | 0.3% | −0.7% | 1.5% | 2.8% | 4.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TITN's financial statements (latest annual report filed March 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TITN financial results
In fiscal year 2026 (ended January 31, 2026), Titan Machinery reported revenue of $2.4 billion, down 10.2% from the year before. It had a net loss of $54.2 million, a net profit margin of −2.2%. Diluted earnings per share came to −$2.22. Over five years revenue grew at an average rate of 11.5% a year.
See the TITN stock overview for the latest quote and news, or the TITN chart for price history and technical indicators.
TITN income statement FAQ
What is Titan Machinery's annual revenue?
Titan Machinery reported total revenue of $2.4 billion for fiscal year 2026, which ended on January 31, 2026. That was down 10.2% from $2.7 billion the previous year.
Is Titan Machinery profitable?
No. Titan Machinery reported a net loss of $54.2 million in fiscal 2026, a net profit margin of −2.2%; its operating margin was −0.1%.
What is Titan Machinery's gross margin?
Titan Machinery's gross margin was 15.8% in fiscal 2026: for every $100 of revenue, Titan Machinery kept $16 after the direct cost of its products and services.
How fast is Titan Machinery growing?
Revenue grew 11.5% a year on average over the last five fiscal years, from $1.4 billion to $2.4 billion.
What are Titan Machinery's earnings per share?
Titan Machinery earned $-2.22 per diluted share in fiscal 2026, compared with $-1.33 a year earlier.
When will Titan Machinery report its next earnings?
Titan Machinery is expected to report results for the quarter ending October 31, 2026 on November 24, 2026 before the market opens.
When does Titan Machinery's fiscal year end?
Titan Machinery's fiscal year ends in January. The latest annual report covers the year ended January 31, 2026 and was filed on March 31, 2026.