TITAN MACHINERY INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.43B | $2.70B | $2.76B | $2.21B | $1.71B | $1.41B | $1.31B | $1.26B |
| Cost of Revenue | $2.04B | $2.31B | $2.23B | $1.77B | $1.38B | $1.15B | $1.05B | $1.03B |
| Gross Profit | $382.6M | $395.6M | $531.4M | $439.8M | $332.7M | $261.4M | $250.8M | $231.6M |
| Gross Margin | 15.8% | 14.6% | 19.3% | 19.9% | 19.4% | 18.5% | 19.2% | 18.4% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $-6.7M | $4.0M | $168.8M | $138.3M | $90.2M | $37.4M | $21.3M | $27.5M |
| Operating Margin | -0.3% | 0.1% | 6.1% | 6.3% | 5.3% | 2.7% | 1.6% | 2.2% |
| Interest Expense | — | — | — | $6.9M | $5.7M | $7.2M | $9.8M | $13.9M |
| Pretax Income | $-45.4M | $-50.0M | $151.0M | $135.2M | $86.9M | $30.8M | $14.7M | $16.2M |
| Income Tax Expense | $8.8M | $-13.1M | $38.6M | $33.4M | $20.9M | $11.4M | $699.0K | $4.0M |
| Net Income | $-54.2M | $-36.9M | $112.4M | $101.9M | $66.0M | $19.4M | $14.0M | $12.2M |
| Net Margin | -2.2% | -1.4% | 4.1% | 4.6% | 3.9% | 1.4% | 1.1% | 1.0% |
| EPS (Basic) | $-2.38 | $-1.63 | $4.93 | $4.50 | $2.93 | $0.86 | $0.63 | $0.55 |
| EPS (Diluted) | $-2.38 | $-1.63 | $4.93 | $4.49 | $2.92 | $0.86 | $0.63 | $0.55 |
| Shares Outstanding (Basic) | 22.7M | 22.6M | 22.5M | 22.4M | 22.2M | 22.1M | 21.9M | 21.8M |
| Shares Outstanding (Diluted) | 22.7M | 22.6M | 22.5M | 22.4M | 22.2M | 22.1M | 22.0M | 21.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |