Titan Machinery Inc.
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-54.2M | $-36.9M | $112.4M | $101.9M | $66.0M | $19.4M | $14.0M | $12.2M |
| Depreciation & Amortization | $37.6M | $38.6M | $31.5M | $25.2M | $22.1M | $23.7M | $28.1M | $23.6M |
| Depreciation | $24.7M | $25.3M | $21.3M | $15.9M | $12.2M | $21.9M | $26.5M | $23.6M |
| Amortization | $1.8M | $1.9M | $700.0K | $200.0K | $200.0K | $200.0K | $100.0K | $100.0K |
| Stock-Based Compensation | $5.6M | $4.3M | $3.1M | $3.2M | $2.6M | $2.5M | $2.7M | $2.5M |
| Net Cash from Operating Activities | $137.5M | $70.3M | $-32.3M | $10.8M | $158.9M | $173.0M | $955.0K | $46.6M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | $10.7M | $6.3M |
| Business Acquisitions | $19.8M | $260.0K | $107.5M | $100.5M | $33.6M | $6.8M | $13.9M | $15.3M |
| Net Cash from Investing Activities | $-22.7M | $-47.7M | $-163.4M | $-134.1M | $-55.2M | $-20.3M | $-36.5M | $-25.8M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-123.7M | $-23.6M | $188.6M | $22.0M | $-35.3M | $-117.9M | $22.9M | $-16.7M |
| Net Change in Cash | $-7.7M | $-2.2M | $-5.8M | $-102.2M | $67.2M | $35.3M | $-13.0M | $3.3M |
| Free Cash Flow | — | — | — | — | — | — | $-9.8M | $40.3M |