Every 10-Q that Titan Machinery Inc. (TITN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow TITN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TITN filings page.
Titan Machinery Inc. (TITN) reported weaker results for the quarter ended July 31, 2026, with revenue of $496.4 million, down 9.2% from a year earlier, and a net loss of $9.2 million or $0.40 per diluted share versus a $6.0 million loss last year.
Demand for agricultural equipment softened amid lower commodity prices and crop receipts, driving a 12.7% decline in equipment revenue, while total revenue fell 10.7% to $1.02 billion for the first six months of fiscal 2027. Despite this, gross margin improved to 18.6% in the quarter from 17.1%, helped by stronger equipment margins and a higher mix of parts and service.
Europe revenue dropped 32.6% on weaker demand and the wind-down of German operations, while Australia grew 35.5% and Construction rose 9.2%. Operating cash flow for the first six months turned to an outflow of $25.1 million, inventory increased to $931.5 million, and floorplan payables rose to $623.6 million, though management states existing cash, cash flow, and credit facilities are expected to cover liquidity needs.
Titan Machinery Inc. reported a net loss of $12.6 million, or $0.55 per diluted share, for the quarter ended April 30, 2026, slightly better than the prior-year loss of $13.2 million or $0.58 per share.
Total revenue fell 12.1% to $522.4 million, driven mainly by a 16.5% drop in equipment sales as softer farmer profitability weighed on demand. Parts and service were roughly flat, while rental and other revenue grew. Despite lower sales, gross margin improved to 17.1% from 15.3% on stronger equipment margins and mix.
By segment, revenue declined in Agriculture, Construction and especially Europe, while Australia grew double digits, helped by the Bellevue Machinery acquisition. Operating cash flow swung to an outflow of $23.1 million, largely due to inventory and floorplan mix, though floorplan interest expense fell as interest-bearing inventory decreased.
Titan Machinery Inc. operates retail, service and rental of agricultural and construction machinery across North America, Europe and Australia. As of July 31, 2025 the company reported 23,373,234 shares issued and outstanding and described seasonal movements in deferred revenue and unbilled receivables related to service and equipment activity. Deferred revenue was $41.4 million at July 31, 2025 versus $91.7 million at January 31, 2025; the company recognized $87.8 million of revenue during the six months ended July 31, 2025 that had been included in deferred balances as of January 31, 2025.
The company disclosed recent acquisitions and asset impacts: on May 15, 2025 it acquired certain assets of Farmers Implement and Irrigation, Inc. for $13.4 million in cash (including real estate) and assumed related inventory financing of $7.0 million. Floorplan and working capital lines totaled $1.5 billion across multiple facilities. The company recorded impairment charges in the six months ended July 31, 2025 including $0.6 million in the Agriculture segment and $0.1 million related to German intangibles. Management concluded disclosure controls and procedures were effective and is evaluating recently issued FASB ASUs for future impact.