Titan Machinery Inc. (TITN) Form 10-Q — Jun 9, 2026
Titan Machinery reported Q1 FY2027 revenue of $522.4 million, a 12.1% decline year-over-year, driven by softening demand for agricultural equipment amid lower commodity prices and farmer profitability. Despite the revenue drop, gross profit margin improved to 17.1% from 15.3% in the prior year, supported by higher equipment margins and a shift toward higher-margin parts and service sales. The company posted a net loss of $12.6 million ($0.55 per share), a slight improvement from the $13.2 million loss in Q1 FY2026. The Europe segment saw a 35.6% revenue drop following the expiration of EU stimulus programs, while the Australia segment grew 14.3% aided by recent acquisitions.
Key figures
- Revenue
- 522381000
- Total Debt
- 176615000
- Cash Position
- 29578000
- Inventory Value
- 914825000
- Floorplan Payable
- 588992000
- Gross Profit Margin
- 17.1
- Shares Outstanding
- 23302180
Price after filing
Close on the filing date to close N calendar days later (from $20.61). Historical, not a forecast.
AI analysis
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