Titan Machinery Inc. (TITN) Financial Statements

Income statement

Metric	TTM	2026	2025	2024	2023
Revenue
Total Revenue	2.3B	2.4B	2.7B	2.8B	2.2B
Cost of Revenue	1.9B	2.0B	2.3B	2.2B	1.8B
Gross Profit	379.7M	382.6M	395.6M	531.4M	439.8M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	—	—	—	361.8M	285.6M
General & Admin Expense	—	—	—	—	—
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	384.6M	385.2M	389.8M	679.0K	301.5M
Total Operating Expenses	384.6M	385.2M	389.8M	362.5M	301.5M
Cost and Expenses	2.3B	2.4B	2.7B	2.6B	2.1B
Operating Income (EBIT)	(5.0M)	(2.7M)	5.8M	168.8M	138.3M
Non-Operating
Interest Income	—	4.4M	—	3.3M	3.9M
Interest Expense	36.7M	43.1M	54.0M	21.1M	6.9M
Net Interest Income	(36.7M)	(38.7M)	(54.0M)	(17.8M)	(3.1M)
Other Non-Op Income/Expense	(36.5M)	(42.7M)	(55.8M)	(17.8M)	(3.1M)
Non-Operating Income (excl Interest)	1.2M	(357.0K)	1.8M	—	—
EBT (Pre-Tax Income)	(41.5M)	(45.4M)	(50.0M)	151.0M	135.2M
Income Tax Expense	15.2M	8.8M	(13.1M)	38.6M	33.4M
Bottom Line
Net Income	(56.7M)	(54.2M)	(36.9M)	110.9M	101.9M
Earnings from Cont. Ops	(56.7M)	(54.2M)	(36.9M)	112.4M	101.9M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	(56.8M)	(54.2M)	(36.9M)	110.9M	100.6M
Per Share
Basic EPS	($2.49)	($2.38)	($1.63)	$4.93	$4.50
Diluted EPS	($2.49)	($2.38)	($1.63)	$4.93	$4.49
Revenue Per Share	$100.63	$106.55	$119.53	$122.60	$98.75
Shares
Basic Shares Outstanding	22.9M	22.8M	22.6M	22.5M	22.4M
Diluted Shares Outstanding	22.9M	22.8M	22.6M	22.5M	22.4M
Profitability Metrics
EBITDA	31.5M	35.2M	42.6M	200.3M	163.5M
D&A	37.7M	37.6M	38.6M	31.5M	25.2M
EBIT	(6.2M)	(2.3M)	4.0M	168.8M	138.3M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jul 1, 2026