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Titan Machinery Inc. income statement

In fiscal 2026, Titan Machinery Inc. reported revenue of $2.43bn, down 10.2% on the year before, operating income of −$6.7m (a -0.3% margin) and net income of −$54.2m, or −$2.38 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

Titan Machinery Inc.: income statement, annual
Fiscal year2010Jan 20102011Jan 20112012Jan 20122013Jan 20132014Jan 20142015Jan 20152016Jan 20162017Jan 20172018Jan 20182019Jan 20192020Jan 20202021Jan 20212022Jan 20222023Jan 20232024Jan 20242025Jan 20252026Jan 2026LTMJul 2026
Revenue8391,0941,6592,1982,2261,9001,3681,2021,1931,2621,3051,4111,7122,2092,7582,7022,4272,305
Cost of revenue6989201,3841,8591,8781,5921,1629889771,0301,0541,1501,3791,7692,2272,3062,0451,925
Gross profit141175275339348308206214215232251261333440531396383380
Operating income32448292471−23−21272137901381694−7−10
Interest expense19102331353322171410767————
Income before tax2737747118−38−56−23−1416153187135151−50−45−42
Income tax1115292810−5−18−8−74111213339−13915
Net income162244429−32−38−14−712141966102112−37−54−57
Diluted EPS$0.88$1.23$2.18$2.00$0.41−$1.51−$1.76−$0.65−$0.32$0.55$0.63$0.86$2.92$4.49$4.93−$1.63−$2.38−$2.48
Diluted shares (average)18m18m20m21m21m21m21m21m22m22m22m22m22m22m22m23m23m23m
EBITDA405397115783252426514961112164200433128

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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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.