Titan Machinery Inc. balance sheet

At the end of fiscal 2026, Titan Machinery Inc. had total assets of $1.62bn and shareholders' equity of $579m. It held $28.2m in cash against $180m of debt: net debt of $152m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Titan Machinery Inc.: balance sheet, annual
Fiscal year	2010Jan 2010	2011Jan 2011	2012Jan 2012	2013Jan 2013	2014Jan 2014	2015Jan 2015	2016Jan 2016	2017Jan 2017	2018Jan 2018	2019Jan 2019	2020Jan 2020	2021Jan 2021	2022Jan 2022	2023Jan 2023	2024Jan 2024	2025Jan 2025	2026Jan 2026	LTMJul 2026
Cash and equivalents	76	76	80	124	74	128	89	53	53	57	44	79	146	44	38	36	28	30
Receivables	—	45	83	122	98	76	66	60	61	78	47	42	94	96	154	120	127	113
Inventory	—	430	748	929	1,076	879	680	478	472	491	597	418	422	704	1,303	1,109	903	932
Total current assets	—	555	921	1,192	1,287	1,109	858	608	599	641	728	580	690	869	1,519	1,293	1,090	1,101
Goodwill	—	18	24	31	25	0	—	0	0	1	2	1	9	31	64	61	66	67
Total assets	—	649	1,088	1,444	1,565	1,326	1,048	771	760	792	975	816	947	1,189	1,992	1,814	1,617	1,629
Accounts payable	—	16	28	28	24	18	17	17	15	17	17	20	26	41	44	37	35	41
Deferred revenue (current)	—	—	3	1	1	3	1	2	—	—	41	59	134	120	116	92	82	39
Total current liabilities	—	388	662	805	875	728	523	309	328	420	494	318	375	498	1,152	961	772	818
Short-term debt	—	—	—	—	—	—	—	—	0	45	0	5	6	7	14	11	21	26
Long-term debt	—	—	—	—	—	—	—	—	—	—	—	45	75	90	106	158	159	147
Total debt	0	—	—	—	—	—	—	—	0	45	0	49	81	97	120	169	180	173
Shareholders' equity	191	215	336	397	409	376	338	321	322	335	345	345	435	536	658	614	579	558
Net debt (negative = net cash)	−76	−76	−80	−124	−74	−128	−89	−53	−53	−11	−44	−29	−66	53	82	133	152	144
Shares outstanding	—	18m	21m	21m	21m	21m	22m	22m	22m	22m	22m	23m	23m	23m	23m	23m	23m	24m

US$ millions unless shown otherwise. Fiscal quarters.

Titan Machinery Inc.: balance sheet, quarterly
Quarter	2025 Q3Oct 2024	2025 Q4Jan 2025	2026 Q1Apr 2025	2026 Q2Jul 2025	2026 Q3Oct 2025	2026 Q4Jan 2026	2027 Q1Apr 2026	2027 Q2Jul 2026
Receivables	140	120	124	128	147	127	110	113
Inventory	1,413	1,109	1,099	1,140	1,011	903	915	932
Total current assets	1,597	1,293	1,273	1,326	1,228	1,090	1,085	1,101
Goodwill	64	61	62	64	64	66	67	67
Total assets	2,109	1,814	1,798	1,878	1,769	1,617	1,615	1,629
Accounts payable	45	37	49	42	46	35	44	41
Deferred revenue (current)	42	92	58	42	24	82	54	39
Total current liabilities	1,212	961	956	1,011	904	772	788	818
Short-term debt	10	11	11	11	22	21	26	26
Long-term debt	131	158	154	153	155	159	151	147
Total debt	141	169	165	164	177	180	177	173
Shareholders' equity	668	614	605	610	613	579	566	558
Shares outstanding	23m	23m	23m	23m	23m	23m	23m	24m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Titan Machinery Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Titan Machinery Inc.