Titan Machinery Inc.TITNEarnings & Financial Report
Titan Machinery, Inc. is one of the largest dealers of agricultural and construction equipment and claims to be the largest dealer for the CNH Industrial brands in the world. It is based in West Fargo, North Dakota and has locations throughout the Midwestern United States, Australia, Austria, Bulgaria, Germany, Romania and Ukraine. The company is publicly traded on NASDAQ using the symbol TITN. As of 2023, the company reported a total revenue of US$2.209 billion.
Revenue
$633.7M
Gross Profit
$112.4M
Operating Profit
$15.8M
Net Profit
$-4.3M
Gross Margin
17.7%
Operating Margin
2.5%
Net Margin
-0.7%
YoY Growth
-1.4%
EPS
$-0.19
Titan Machinery Inc. Q2 FY2025 Financial Summary
Titan Machinery Inc. reported revenue of $633.7M (down 1.4% YoY) for Q2 FY2025, with a net profit of $-4.3M (down 113.7% YoY) (-0.7% margin). Cost of goods sold was $521.3M, operating expenses totaled $96.6M.
Key Financial Metrics
| Total Revenue | $633.7M |
|---|---|
| Net Profit | $-4.3M |
| Gross Margin | 17.7% |
| Operating Margin | 2.5% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
Titan Machinery Inc. Q2 FY2025 revenue of $633.7M breaks down across 7 segments, led by Revenuefrom Contractswith Customers at $423.6M (66.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Revenuefrom Contractswith Customers | $423.6M | 66.8% |
| Construction Segment | $80.2M | 12.7% |
| Australia_segment | $61.3M | 9.7% |
| Service Sales | $47.3M | 7.5% |
| Rental And Other | $11.4M | 1.8% |
| Rental | $8.6M | 1.4% |
| Other Revenue | $1.0M | 0.2% |
Titan Machinery Inc. Revenue by Segment — Quarterly Trend
Titan Machinery Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Revenuefrom Contractswith Customers and Construction Segment) has evolved quarter over quarter.
| Segment | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 |
|---|---|---|---|---|
| Revenuefrom Contractswith Customers | — | — | $384.1M | $532.1M |
| Construction Segment | — | $72.0M | — | $94.6M |
| Australia_segment | $29.9M | $30.6M | — | — |
| Service Sales | $48.9M | $48.8M | — | $36.6M |
| Rental And Other | $13.3M | $12.1M | $7.8M | $12.1M |
Titan Machinery Inc. Annual Revenue by Year
Titan Machinery Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.7B).
| Year | Annual Revenue |
|---|---|
| 2025 | $2.7B |
| 2024 | $2.8B |
| 2023 | $2.2B |
| 2022 | $1.7B |
Titan Machinery Inc. Quarterly Revenue & Net Profit History
Titan Machinery Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2026 | $644.5M | -5.2% | $1.2M | 0.2% |
| Q2 FY2026 | $546.4M | -13.8% | $-6.0M | -1.1% |
| Q1 FY2026 | $594.3M | -5.5% | $-13.2M | -2.2% |
| Q4 FY2025 | $759.9M | -10.8% | $-43.8M | -5.8% |
| Q3 FY2025 | $679.8M | -2.1% | $1.7M | 0.3% |
| Q2 FY2025 | $633.7M | -1.4% | $-4.3M | -0.7% |
| Q1 FY2025 | $628.7M | +10.4% | $9.4M | 1.5% |
| Q4 FY2024 | $852.1M | +46.2% | $24.0M | 2.8% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $852.1M | $628.7M | $633.7M | $679.8M | $759.9M | $594.3M | $546.4M | $644.5M |
| YoY Growth | 46.2% | 10.4% | -1.4% | -2.1% | -10.8% | -5.5% | -13.8% | -5.2% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.99B | $2.09B | $2.22B | $2.11B | $1.81B | $1.80B | $1.88B | $1.77B |
| Liabilities | $1.33B | $1.43B | $1.56B | $1.44B | $1.20B | N/A | N/A | N/A |
| Equity | $657.6M | $662.6M | $659.6M | $668.2M | $614.1M | $605.4M | $610.3M | $612.6M |
Cash Flow
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $49.8M | $-32.4M | $-15.0M | $-8.8M | $126.5M | $6.2M | $43.7M | $34.0M |