TITN Titan Machinery Inc.

Overview and Growth

In fiscal 2026, Titan Machinery Inc. recorded $2.43B of revenue, net loss of $54.17M, and an operating cash inflow of $137.45M. The $2.43B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line contracted 10.2% from $2.70B in fiscal 2025; this top-line contraction left the company with a smaller revenue base. Diluted earnings per share were -$2.38, translating the period’s attributable earnings into the amount reported for each diluted share. At period end, total assets were $1.62B, framing the scale of the company’s operating and financing commitments. Revenue equaled 1.5x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

After reported cost of revenue, the company retained $382.56M as gross profit before recognizing operating expenses and other items. Gross margin was 15.8%, so that share of each revenue unit remained after the cost of revenue reported for the period. The company recorded an operating loss of $6.71M after the reported operating expense base. The operating loss equaled 0.3% of revenue, showing the scale of the operating deficit relative to sales. The company ended the period with a net loss of $54.17M, extending the operating result through all remaining items. Net margin was -2.2%, reflecting a loss equal to 2.2% of reported revenue. The pretax result was a loss of $45.41M, establishing the deficit before tax effects. Measured against revenue, the pretax deficit represented 1.9%. The company recognized $8.77M of income tax for the period, completing the transition from pretax income to net income. The net loss equaled 9.4% of period-end equity, showing the deficit relative to book capital. Relative to total assets, the net loss represented 3.4%. Compared with a $36.91M net loss in fiscal 2025, the current loss increased to $54.17M.

Liquidity and Capital Structure

The company held $1.62B of assets against $1.04B of liabilities and $579.30M of equity, revealing how the asset base was financed. The near-term balance sheet paired $1.09B of current assets with $771.96M of current liabilities at the reporting date. At 1.41x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Reported cash and equivalents were $28.16M, separating immediately recognizable cash resources from the rest of the current-asset base. Cash and equivalents represented 3.6% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Total debt was $179.97M, establishing the amount of borrowing carried within the company’s capital structure. The debt-to-equity relationship was 0.31x, showing how much debt the company carried for each unit of book equity. Relative to total assets, debt measured 11.1%, showing how much of the asset base was matched by borrowing. The equity-to-assets relationship was 35.8%, placing book capital against the total resource base. The liabilities-to-assets relationship was 64.2%, placing reported obligations against the full positive asset balance. Measured against total assets, cash and equivalents represented 1.7%, a balance-sheet composition measure rather than a liquidity forecast. Compared with $1.81B in fiscal 2025, the current asset base moved 10.9% and finished lower. Reported equity changed 5.7% from $614.08M in fiscal 2025, placing the current capital base lower year over year. The reported cash balance changed 21.5% from $35.90M in fiscal 2025, ending lower year over year.

Cash Flow and Earnings Quality

Cash flow from operations was $137.45M, a reported cash inflow that can be compared directly with net income and capital spending. The operating cash outcome moved from $70.29M in fiscal 2025 to $137.45M, ending above the prior-year level.

Based on the annual report for the fiscal year ending Jan 31, 2026. Analysis generated Sep 24, 2026.