Fundies.
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Titan Machinery Inc.

EDGAR
TITN Quarterly report (10-Q) · filed 2026-09-03

Annual consolidated revenue for 2026: about USD 2.427B, using the latest reported figures. The previous period, 2025, was about USD 2.702B.

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Watchlist

Latest quarter

Revenue

496 million USD

2027 Q2 · USD

Exact inputs and evidence

Operating margin

-0.46%

2027 Q2 · %

Exact inputs and evidence
  • Operating Income: -2271000 USD Source
  • Revenue: 496384000 USD Source

Operating cash flow

-1.97 million USD

2027 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: -25063000 USD Source
  • Operating Cash Flow: -23092000 USD Source
Cash and cash equivalents
146 million USD Source
Exact value

146149000 USD

Long-term debt including current maturities
173 million USD Source
Exact value

173376000 USD

Shares outstanding
23.5 million shares Source
Exact value

23535950 shares

Reported share-count change

0.70% · 163 thousand shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 23373234 shares · 2025-07-31· Source
  • 23535950 shares · 2026-07-31· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

2.31 billion USD

2025-08-01 – 2026-07-31

Exact inputs and evidence
  • Revenue: 644510000 USD · 2025-08-01 – 2025-10-31 Source
  • Revenue: 2427107000 USD · 2025-02-01 – 2026-01-31 Source
  • Revenue: 1785273000 USD · 2025-02-01 – 2025-10-31 Source
  • Revenue: 522381000 USD · 2026-02-01 – 2026-04-30 Source
  • Revenue: 496384000 USD · 2026-05-01 – 2026-07-31 Source

Net income

-56.7 million USD

2025-08-01 – 2026-07-31

Exact inputs and evidence
  • Net income: 1198000 USD · 2025-08-01 – 2025-10-31 Source
  • Net income: -54174000 USD · 2025-02-01 – 2026-01-31 Source
  • Net income: -18006000 USD · 2025-02-01 – 2025-10-31 Source
  • Net income: -12616000 USD · 2026-02-01 – 2026-04-30 Source
  • Net income: -9150000 USD · 2026-05-01 – 2026-07-31 Source

Operating cash flow

62.5 million USD

2025-08-01 – 2026-07-31

Exact inputs and evidence
  • Operating cash flow: 83884000 USD · 2025-02-01 – 2025-10-31 Source
  • Operating cash flow: 49894000 USD · 2025-02-01 – 2025-07-31 Source
  • Operating cash flow: 137452000 USD · 2025-02-01 – 2026-01-31 Source
  • Operating cash flow: 83884000 USD · 2025-02-01 – 2025-10-31 Source
  • Operating cash flow: -23092000 USD · 2026-02-01 – 2026-04-30 Source
  • Operating cash flow: -25063000 USD · 2026-02-01 – 2026-07-31 Source
  • Operating cash flow: -23092000 USD · 2026-02-01 – 2026-04-30 Source

Capital expenditure

11.1 million USD

2019-05-01 – 2020-04-30

Exact inputs and evidence
  • Capital expenditure: 3101000 USD · 2019-02-01 – 2019-07-31 Source
  • Capital expenditure: 1604000 USD · 2019-02-01 – 2019-04-30 Source
  • Capital expenditure: 7637000 USD · 2019-02-01 – 2019-10-31 Source
  • Capital expenditure: 3101000 USD · 2019-02-01 – 2019-07-31 Source
  • Capital expenditure: 10714000 USD · 2019-02-01 – 2020-01-31 Source
  • Capital expenditure: 7637000 USD · 2019-02-01 – 2019-10-31 Source
  • Capital expenditure: 2036000 USD · 2020-02-01 – 2020-04-30 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-09-03.

Financial data available through: 2026-01-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2026-01-31
  • Operating income: 11 of 11 periods available· newest 2026-01-31
  • Net income: 11 of 11 periods available· newest 2026-01-31
  • Operating cash flow: 11 of 11 periods available· newest 2026-01-31
  • Capital expenditure: 5 of 11 periods available· newest 2020-01-31
  • Total assets: 11 of 11 periods available· newest 2026-01-31
  • liabilities: No compatible figures in this window
  • Current assets: 11 of 11 periods available· newest 2026-01-31
  • Current liabilities: 11 of 11 periods available· newest 2026-01-31
  • Cash and cash equivalents: 7 of 11 periods available· newest 2022-01-31
  • Long-term debt including current maturities: 6 of 11 periods available· newest 2026-01-31
  • Shares outstanding: 11 of 11 periods available· newest 2026-01-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -10.2%

    Prior period

    USD 2.7 billion

    –

    Current period

    USD 2.43 billion

    –

    Exact inputs and evidence

    2427107000 − 2702122000 = -275015000 USD

    2702122000 USD · 2024-02-01 – 2025-01-31

    Inspect prior input Prior source

    2427107000 USD · 2025-02-01 – 2026-01-31

    Inspect current input Current source
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  • Net income

    −USD 17.26 million

    Prior period

    −USD 36.91 million

    –

    Current period

    −USD 54.17 million

    –

    Exact inputs and evidence

    -54174000 − -36911000 = -17263000 USD

    -36911000 USD · 2024-02-01 – 2025-01-31

    Inspect prior input Prior source

    -54174000 USD · 2025-02-01 – 2026-01-31

    Inspect current input Current source
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  • Operating cash flow

    +95.5%

    Prior period

    USD 70.29 million

    –

    Current period

    USD 137.45 million

    –

    Exact inputs and evidence

    137452000 − 70291000 = 67161000 USD

    70291000 USD · 2024-02-01 – 2025-01-31

    Inspect prior input Prior source

    137452000 USD · 2025-02-01 – 2026-01-31

    Inspect current input Current source
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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2026 2025-02-01 – 2026-01-31

  • Revenue USD 2.43 billion 100% of revenue
  • Cost of revenue USD 2.04 billion 84% of revenue
  • Operating expenses USD 385.24 million 16% of revenue
  • Operating income −USD 6.71 million −0.3% of revenue
  • Tax, interest and other Derived USD 47.46 million 2% of revenue
  • Net income −USD 54.17 million −2.2% of revenue

Cash

  • Operating cash flow USD 137.45 million 5.7% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2017 Operating loss: operating costs were 100% of revenue.
  • 2018 Net loss: net income was −0.6% of revenue.
  • 2019 98%
  • 2020 98%
  • 2021 97%
  • 2022 95%
  • 2023 94%
  • 2024 94%
  • 2025 Net loss: net income was −1.4% of revenue.
  • 2026 Operating loss: operating costs were 100% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2017 2016-02-01 – 2017-01-311201697000 1204069000 Derived -2372000 11807000 Derived -14179000 131709000 Derived
Source
2018 2017-02-01 – 2018-01-311192606000 1191681000 Derived 925000 7974000 Derived -7049000 82275000 Derived
Source
2019 2018-02-01 – 2019-01-311261505000 1234024000 Derived 27481000 15299000 Derived 12182000 40319000 Derived
Source
2020 2019-02-01 – 2020-01-311305171000 1283839000 Derived 21332000 7379000 Derived 13953000 -9759000 Derived
Source
2021 2020-02-01 – 2021-01-311411222000 1373814000 Derived 37408000 18052000 Derived 19356000 Unavailable
Source
2022 2021-02-01 – 2022-01-311711906000 1621724000 Derived 90182000 24135000 Derived 66047000 Unavailable
Source
2023 2022-02-01 – 2023-01-312209306000 2070983000 Derived 138323000 36455000 Derived 101868000 Unavailable
Source
2024 2023-02-01 – 2024-01-312758445000 2589600000 Derived 168845000 56404000 Derived 112441000 Unavailable
Source
2025 2024-02-01 – 2025-01-312702122000 2698114000 Derived 4008000 40919000 Derived -36911000 Unavailable
Source
2026 2025-02-01 – 2026-01-312427107000 2433820000 Derived -6713000 47461000 Derived -54174000 Unavailable
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 2.4B 2026
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.0B2.2B1.5B744.8M0.0201720222026
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Revenue1201697000
2018Revenue1192606000
2019Revenue1261505000
2020Revenue1305171000
2021Revenue1411222000
2022Revenue1711906000
2023Revenue2209306000
2024Revenue2758445000
2025Revenue2702122000
2026Revenue2427107000

Revenue growth

Change in revenue from the same financial period one year earlier.

-10.2% 2026
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.32%20%8%-3%-15%201720222026
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2017Year over year-12.1%
2018Year over year-0.8%
2019Year over year5.8%
2020Year over year3.5%
2021Year over year8.1%
2022Year over year21.3%
2023Year over year29.1%
2024Year over year24.9%
2025Year over year-2%
2026Year over year-10.2%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -0.3% 2026
Net margin -2.2% 2026
Free cash flow margin -0.7% 2020
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.12.0%8.2%4.4%0.5%-3.3%201720222026
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2017Operating margin-0.2%
2018Operating margin0.1%
2019Operating margin2.2%
2020Operating margin1.6%
2021Operating margin2.7%
2022Operating margin5.3%
2023Operating margin6.3%
2024Operating margin6.1%
2025Operating margin0.1%
2026Operating margin-0.3%
2017Net margin-1.2%
2018Net margin-0.6%
2019Net margin1%
2020Net margin1.1%
2021Net margin1.4%
2022Net margin3.9%
2023Net margin4.6%
2024Net margin4.1%
2025Net margin-1.4%
2026Net margin-2.2%
2017Free cash flow margin11%
2018Free cash flow margin6.9%
2019Free cash flow margin3.2%
2020Free cash flow margin-0.7%
2021Free cash flow marginNot reported
2022Free cash flow marginNot reported
2023Free cash flow marginNot reported
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported
2026Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

USD 137.5M 2026
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.189.4M129.9M70.4M10.8M-48.7M201720222026
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Operating cash flow140997000
2018Operating cash flow95812000
2019Operating cash flow46605000
2020Operating cash flow955000
2021Operating cash flow172996000
2022Operating cash flow158916000
2023Operating cash flow10816000
2024Operating cash flow-32280000
2025Operating cash flow70291000
2026Operating cash flow137452000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -9.8M 2020
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.143.0M102.0M61.0M19.9M-21.1M201720222026
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Free cash flow131709000
2018Free cash flow82275000
2019Free cash flow40319000
2020Free cash flow-9759000
2021Free cash flowUnavailable
2022Free cash flowUnavailable
2023Free cash flowUnavailable
2024Free cash flowUnavailable
2025Free cash flowUnavailable
2026Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

Not enough comparable data to show this history.
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2017-01-31Liabilities / assetsNot reported
2018-01-31Liabilities / assetsNot reported
2019-01-31Liabilities / assetsNot reported
2020-01-31Liabilities / assetsNot reported
2021-01-31Liabilities / assetsNot reported
2022-01-31Liabilities / assetsNot reported
2023-01-31Liabilities / assetsNot reported
2024-01-31Liabilities / assetsNot reported
2025-01-31Liabilities / assetsNot reported
2026-01-31Liabilities / assetsNot reported

Current assets to current liabilities

Current assets divided by current liabilities.

1.41× 2026
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.13×1.59×1.06×0.53×0.00×201720222026
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2017Current assets / current liabilities1.97×
2018Current assets / current liabilities1.83×
2019Current assets / current liabilities1.52×
2020Current assets / current liabilities1.47×
2021Current assets / current liabilities1.83×
2022Current assets / current liabilities1.84×
2023Current assets / current liabilities1.74×
2024Current assets / current liabilities1.32×
2025Current assets / current liabilities1.35×
2026Current assets / current liabilities1.41×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2017 2016-02-01 – 2017-01-31
−USD 14.18 million
Exact value

Exact value: -14179000 USD

2016-02-01 – 2017-01-31: -14179000 USD Inspect Net Income Open source
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USD 141 million
Exact value

Exact value: 140997000 USD

2016-02-01 – 2017-01-31: 140997000 USD Inspect Operating Cash Flow Open source
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USD 9.29 million
Exact value

Exact value: 9288000 USD

2016-02-01 – 2017-01-31: 9288000 USD Inspect Capital Expenditure Open source
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USD 131.71 million
Calculation and evidence

140997000 − 9288000 USD

Exact free cash flow: 131709000 USD

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2018 2017-02-01 – 2018-01-31
−USD 7.05 million
Exact value

Exact value: -7049000 USD

2017-02-01 – 2018-01-31: -7049000 USD Inspect Net Income Open source
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USD 95.81 million
Exact value

Exact value: 95812000 USD

2017-02-01 – 2018-01-31: 95812000 USD Inspect Operating Cash Flow Open source
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USD 13.54 million
Exact value

Exact value: 13537000 USD

2017-02-01 – 2018-01-31: 13537000 USD Inspect Capital Expenditure Open source
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USD 82.28 million
Calculation and evidence

95812000 − 13537000 USD

Exact free cash flow: 82275000 USD

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2019 2018-02-01 – 2019-01-31
USD 12.18 million
Exact value

Exact value: 12182000 USD

2018-02-01 – 2019-01-31: 12182000 USD Inspect Net Income Open source
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USD 46.61 million
Exact value

Exact value: 46605000 USD

2018-02-01 – 2019-01-31: 46605000 USD Inspect Operating Cash Flow Open source
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USD 6.29 million
Exact value

Exact value: 6286000 USD

2018-02-01 – 2019-01-31: 6286000 USD Inspect Capital Expenditure Open source
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USD 40.32 million
Calculation and evidence

46605000 − 6286000 USD

Exact free cash flow: 40319000 USD

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2020 2019-02-01 – 2020-01-31
USD 13.95 million
Exact value

Exact value: 13953000 USD

2019-02-01 – 2020-01-31: 13953000 USD Inspect Net Income Open source
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USD 955,000
Exact value

Exact value: 955000 USD

2019-02-01 – 2020-01-31: 955000 USD Inspect Operating Cash Flow Open source
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USD 10.71 million
Exact value

Exact value: 10714000 USD

2019-02-01 – 2020-01-31: 10714000 USD Inspect Capital Expenditure Open source
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−USD 9.76 million
Calculation and evidence

955000 − 10714000 USD

Exact free cash flow: -9759000 USD

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2021 2020-02-01 – 2021-01-31
USD 19.36 million
Exact value

Exact value: 19356000 USD

2020-02-01 – 2021-01-31: 19356000 USD Inspect Net Income Open source
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USD 173 million
Exact value

Exact value: 172996000 USD

2020-02-01 – 2021-01-31: 172996000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2022 2021-02-01 – 2022-01-31
USD 66.05 million
Exact value

Exact value: 66047000 USD

2021-02-01 – 2022-01-31: 66047000 USD Inspect Net Income Open source
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USD 158.92 million
Exact value

Exact value: 158916000 USD

2021-02-01 – 2022-01-31: 158916000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2023 2022-02-01 – 2023-01-31
USD 101.87 million
Exact value

Exact value: 101868000 USD

2022-02-01 – 2023-01-31: 101868000 USD Inspect Net Income Open source
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USD 10.82 million
Exact value

Exact value: 10816000 USD

2022-02-01 – 2023-01-31: 10816000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2024 2023-02-01 – 2024-01-31
USD 112.44 million
Exact value

Exact value: 112441000 USD

2023-02-01 – 2024-01-31: 112441000 USD Inspect Net Income Open source
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−USD 32.28 million
Exact value

Exact value: -32280000 USD

2023-02-01 – 2024-01-31: -32280000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2024-02-01 – 2025-01-31
−USD 36.91 million
Exact value

Exact value: -36911000 USD

2024-02-01 – 2025-01-31: -36911000 USD Inspect Net Income Open source
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USD 70.29 million
Exact value

Exact value: 70291000 USD

2024-02-01 – 2025-01-31: 70291000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2026 2025-02-01 – 2026-01-31
−USD 54.17 million
Exact value

Exact value: -54174000 USD

2025-02-01 – 2026-01-31: -54174000 USD Inspect Net Income Open source
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USD 137.45 million
Exact value

Exact value: 137452000 USD

2025-02-01 – 2026-01-31: 137452000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

77 filings · 14,339 latest values · 14,339 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001409171, 1409171, TITN, edgar:1409171

Also known as TITAN MACHINERY INC., TITAN MACHINERY INC., Titan Machinery Inc.