Titan Machinery Inc
(NASDAQ:TITN)

Titan Machinery Inc. owns and operates a network of full-service agricultural and construction equipment stores in the United States and Europe. It operates through three segments: Agriculture, Construction, and International. The company sells new and used equipment, including agricultural and cons...

Website: http://www.titanmachinery.com

Founded: 1980

Full Time Employees: 1,612

Sector: Industrials

Industry: Industrial Distribution

Industrials Agricultural Equipments

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Unit: USD	2026-04-30	2026-01-31	2025-10-31	2025-07-31	2025-04-30	2025-01-31	2024-10-31	2024-07-31	2024-04-30	2024-01-31	2023-10-31	2023-07-31	2023-04-30	2023-01-31	2022-10-31	2022-07-31	2022-04-30	2022-01-31	2021-10-31	2021-07-31	2021-04-30	2021-01-31	2020-10-31	2020-07-31	2020-04-30	2020-01-31	2019-10-31	2019-07-31	2019-04-30	2019-01-31	2018-10-31	2018-07-31	2018-04-30	2018-01-31	2017-10-31	2017-07-31	2017-04-30	2017-01-31	2016-10-31	2016-07-31	2016-04-30	2016-01-31	2015-10-31	2015-07-31	2015-04-30	2015-01-31	2014-10-31	2014-07-31	2014-04-30	2014-01-31	2013-10-31	2013-07-31	2013-04-30	2012-10-31	2012-07-31	2012-04-30	2011-10-31	2011-07-31	2011-04-30	2010-10-31	2010-07-31	2010-04-30	2009-10-31	2009-07-31	2009-04-30	2008-10-31	2008-07-31	2008-04-30	2008-01-31	2007-10-31

revenue
yoy
qoq
equipment	364,654,000	501,521,000	459,912,000	376,262,000	436,840,000	621,829,000	495,147,000	465,233,000	468,089,000	714,044,000	521,775,000	480,122,000	429,376,000	470,980,000	508,996,000	375,216,000	356,366,000	413,156,000	329,814,000	272,733,000	275,980,000	354,011,000	240,901,000	202,654,000	218,505,000	262,826,000	245,986,000	214,435,000	193,956,000	318,355,000	241,198,000	192,721,000	156,904,000	252,609,000	215,956,000	167,881,000	167,915,000	226,946,000	212,194,000	173,301,000	184,874,000	243,780,000	215,692,000	221,016,000	244,983,000	389,581,000	343,482,000	320,087,000	345,045,000	587,853,000	441,752,000	358,388,000	334,745,000	456,168,000	306,170,000	322,528,000	312,304,000	225,283,000	249,229,000	241,096,000	153,131,000	150,360,000	173,367,000	141,142,000	124,865,000	167,950,651	97,840,658	120,913,483	56,463,559.25	103,371,870
parts	103,753,000	91,068,000	122,342,000	109,222,000	105,629,000	89,339,000	121,086,000	109,805,000	108,226,000	90,764,000	114,962,000	108,510,000	96,606,000	72,222,000	108,719,000	77,693,000	68,562,000	58,452,000	80,521,000	65,317,000	62,626,000	49,830,000	76,778,000	61,454,000	56,614,000	52,289,000	70,788,000	59,202,000	51,938,000	29,145,000	70,118,000	59,998,000	51,535,000	45,512,000	64,729,000	55,580,000	56,583,000	48,713,000	69,261,000	58,336,000	57,509,000	47,948,000	73,838,000	62,081,000	61,520,000	50,665,000	80,692,000	70,526,000	68,379,000	61,377,000	80,903,000	70,633,000	62,837,000	72,101,000	57,895,000	58,844,000	64,468,000	49,292,000	41,910,000	42,028,000	33,947,000	35,063,000	32,961,000	32,454,000	26,398,000	29,794,106	23,612,450	21,504,016	11,390,088.5	18,384,291
service	43,768,000	36,149,000	48,944,000	48,800,000	44,017,000	36,639,000	51,122,000	47,268,000	45,079,000	35,137,000	44,767,000	42,478,000	34,933,000	27,956,000	38,960,000	33,365,000	29,523,000	26,236,000	32,026,000	29,676,000	27,702,000	22,947,000	30,696,000	27,986,000	25,600,000	21,950,000	27,553,000	26,832,000	22,831,000	-5,347,000	33,560,000	31,271,000	27,356,000	26,511,000	31,532,000	30,509,000	28,766,000	28,011,000	33,777,000	31,296,000	30,992,000	27,597,000	34,116,000	32,842,000	32,902,000	29,415,000	42,410,000	38,447,000	37,084,000	36,566,000	40,646,000	39,872,000	31,998,000	33,365,000	30,466,000	29,752,000	29,843,000	25,395,000	20,964,000	20,832,000	17,502,000	16,551,000	15,854,000	15,640,000	12,542,000	12,893,719	10,787,741	8,944,228	5,234,587.75	7,897,554
rental and other	10,206,000	13,096,000	13,312,000	12,142,000	7,850,000	12,115,000	12,469,000	11,368,000	7,309,000	12,188,000	12,611,000	11,458,000	8,716,000	11,825,000	12,098,000	10,269,000	6,556,000	9,751,000	11,614,000	9,904,000	6,398,000	9,889,000	12,497,000	11,371,000	9,489,000	13,899,000	16,609,000	14,512,000	9,567,000	10,133,000	18,773,000	15,901,000	9,883,000	14,976,000	18,124,000	14,901,000	10,854,000	13,951,000	17,034,000	15,400,000	11,485,000	16,149,000	21,329,000	18,251,000	13,791,000	20,991,000	26,557,000	21,930,000	14,955,000	22,835,000	24,660,000	19,287,000	12,094,000	20,478,000	15,540,000	10,599,000	16,345,000	10,879,000
total revenue	522,381,000	641,834,000	644,510,000	546,426,000	594,336,000	759,922,000	679,824,000	633,674,000	628,703,000	852,133,000	694,115,000	642,568,000	569,631,000	582,983,000	668,773,000	496,543,000	461,007,000	507,595,000	453,975,000	377,630,000	372,706,000	436,677,000	360,872,000	303,465,000	310,208,000	350,964,000	360,936,000	314,981,000	278,292,000	352,286,000	363,649,000	299,891,000	245,678,000	339,608,000	330,341,000	268,871,000	264,118,000	317,621,000	332,266,000	278,333,000	284,860,000	335,474,000	344,975,000	334,190,000	353,196,000	490,652,000	493,141,000	450,990,000	465,463,000	708,631,000	587,961,000	488,180,000	441,674,000	582,112,000	410,071,000	421,723,000	422,960,000	310,849,000	318,165,000	311,307,000	209,666,000	205,457,000	227,018,000	193,192,000	166,301,000	213,960,167	134,905,496	152,581,912	74,452,466.5	132,171,288
cost of revenue
total cost of revenue	433,098,000	554,875,000	533,494,000	452,780,000	503,401,000	708,918,000	569,330,000	521,295,000	506,948,000	711,097,000	555,774,000	509,169,000	451,051,000	474,117,000	529,193,000	393,844,000	372,313,000	413,346,000	361,495,000	302,612,000	301,728,000	368,965,000	288,321,000	240,777,000	251,798,000	289,846,000	289,162,000	250,954,000	224,392,000	296,699,000	294,107,000	240,990,000	198,120,000	287,511,000	268,864,000	216,064,000	215,199,000	268,799,000	273,840,000	225,400,000	231,312,000	319,205,000	277,834,000	272,121,000	292,761,000	422,551,000	408,450,000	371,337,000	389,524,000	611,653,000	494,355,000	404,638,000	367,726,000	488,053,000	339,707,000	351,314,000	348,963,000	254,998,000	265,362,000	263,329,000	173,618,000	171,014,000	187,435,000	157,184,000	137,785,000	176,614,011	109,476,695	127,982,562	62,316,225.75	111,787,152
gross profit	89,283,000	86,959,000	111,016,000	93,646,000	90,935,000	51,004,000	110,494,000	112,379,000	121,755,000	141,036,000	138,341,000	133,399,000	118,580,000	108,866,000	139,580,000	102,699,000	88,694,000	94,249,000	92,480,000	75,018,000	70,978,000	67,712,000	72,551,000	62,688,000	58,410,000	61,118,000	71,774,000	64,027,000	53,900,000	55,587,000	69,542,000	58,901,000	47,558,000	52,097,000	61,477,000	52,807,000	48,919,000	48,822,000	58,426,000	52,933,000	53,548,000	16,269,000	67,141,000	62,069,000	60,435,000	68,101,000	84,691,000	79,653,000	75,939,000	96,978,000	93,606,000	83,542,000	73,948,000	94,059,000	70,364,000	70,409,000	73,997,000	55,851,000	52,803,000	47,978,000	36,048,000	34,443,000	39,583,000	36,008,000	28,516,000	37,346,156	25,428,801	24,599,350	12,136,240.75	20,384,136
yoy	-1.82%	70.49%	0.47%	-16.67%	-25.31%	-63.84%	-20.13%	-15.76%	2.68%	29.55%	-0.89%	29.89%	33.70%	15.51%	50.93%	36.90%	24.96%	39.19%	27.47%	19.67%	21.52%	10.79%	1.08%	-2.09%	8.37%	9.95%	3.21%	8.70%	13.34%	6.70%	13.12%	11.54%	-2.78%	6.71%	5.22%	-0.24%	-8.64%	200.09%	-12.98%	-14.72%	-11.40%	-76.11%	-20.72%	-22.08%	-20.42%	-29.78%	-9.52%	-4.66%	2.69%	3.10%	33.03%	18.65%	-0.07%	68.41%	33.26%	46.75%	105.27%	62.15%	33.40%	33.24%	26.41%	-7.77%	55.66%	46.38%	134.97%	83.21%
qoq	2.67%	-21.67%	18.55%	2.98%	78.29%	-53.84%	-1.68%	-7.70%	-13.67%	1.95%	3.70%	12.50%	8.92%	-22.00%	35.91%	15.79%	-5.89%	1.91%	23.28%	5.69%	4.82%	-6.67%	15.73%	7.32%	-4.43%	-14.85%	12.10%	18.79%	-3.03%	-20.07%	18.07%	23.85%	-8.71%	-15.26%	16.42%	7.95%	0.20%	-16.44%	10.38%	-1.15%	229.14%	-75.77%	8.17%	2.70%	-11.26%	-19.59%	6.32%	4.89%	-21.69%	3.60%	12.05%	12.97%	-21.38%	33.67%	-0.06%	-4.85%	32.49%	5.77%	10.06%	33.09%	4.66%	-12.99%	9.93%	26.27%	-23.64%	46.87%	3.37%	102.69%	-40.46%
gross margin %	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%
operating expenses	94,382,000	95,698,000	100,474,000	92,661,000	96,404,000	96,693,000	98,773,000	95,156,000	99,158,000	100,327,000	92,115,000	88,751,000	81,315,000	83,675,000	84,861,000	68,828,000	64,152,000	64,584,000	62,943,000	57,074,000	56,442,000	60,522,000	54,115,000	53,079,000	53,058,000	60,128,000	58,184,000	54,855,000	52,555,000	53,872,000	53,306,000	47,633,000	46,727,000	50,319,000	50,374,000	50,523,000	51,987,000	52,240,000	53,143,000	51,487,000	54,502,000	54,545,000	53,484,000	55,385,000	57,110,000	64,865,000	69,459,000	67,795,000	71,152,000	77,119,000	75,005,000	70,145,000	68,933,000	63,950,000	56,507,000	54,856,000	50,060,000	44,060,000	39,436,000	32,849,000	29,212,000	29,796,000	27,792,000	26,662,000	24,705,000	23,153,447	19,470,026	18,181,942	8,958,210.5	14,380,458
impairment of intangible and long-lived assets	502,000	1,464,000	238,000	323,000	266,000	105,000	264,000	942,000												1,498,000		409,000	1,102,000
income from operations	-5,601,000	-11,944,000	10,304,000	662,000	-5,735,000	-45,794,000	11,457,000	15,750,000	22,597,000	40,709,000	46,226,000	44,648,000	37,265,000	25,191,000	54,719,000	33,871,000	24,542,000	29,665,000	29,537,000	16,446,000	14,536,000	6,781,000	15,881,000	9,609,000	5,136,000	-2,588,000	13,539,000	9,172,000	1,210,000	18,000	16,083,000	10,547,000	831,000	1,086,000	8,516,000	-3,265,000	-5,412,000	-7,601,000	5,008,000	1,422,000	-1,201,000	-45,257,000	13,635,000	6,788,000	1,724,000	-28,202,000	15,232,000	11,707,000	1,986,000	9,862,000	18,601,000	13,397,000	5,015,000	30,109,000	13,857,000	15,553,000	23,937,000	11,791,000	13,367,000	15,129,000	6,836,000	4,647,000	11,791,000	9,346,000	3,811,000	14,192,709	5,958,775	6,417,408	3,178,030.25	6,003,678
yoy	-2.34%	-73.92%	-10.06%	-95.80%	-125.38%	-212.49%	-75.22%	-64.72%	-39.36%	61.60%	-15.52%	31.82%	51.84%	-15.08%	85.26%	105.95%	68.84%	337.47%	85.99%	71.15%	183.02%	-362.02%	17.30%	4.76%	324.46%	-14477.78%	-15.82%	-13.04%	45.61%	-98.34%	88.86%	-423.03%	-115.35%	-114.29%	70.05%	-329.61%	350.62%	-83.20%	-63.27%	-79.05%	-169.66%	60.47%	-10.48%	-42.02%	-13.19%	-385.97%	-18.11%	-12.61%	-60.40%	-67.25%	34.24%	-13.86%	-79.05%	155.36%	3.67%	2.80%	250.16%	153.73%	13.37%	61.88%	79.38%	-67.26%	97.88%	45.64%	19.92%	136.40%
qoq	-53.11%	-215.92%	1456.50%	-111.54%	-87.48%	-499.70%	-27.26%	-30.30%	-44.49%	-11.93%	3.53%	19.81%	47.93%	-53.96%	61.55%	38.01%	-17.27%	0.43%	79.60%	13.14%	114.36%	-57.30%	65.27%	87.09%	-298.45%	-119.12%	47.61%	658.02%	6622.22%	-99.89%	52.49%	1169.19%	-23.48%	-87.25%	-360.83%	-39.67%	-28.80%	-251.78%	252.18%	-218.40%	-97.35%	-431.92%	100.87%	293.74%	-106.11%	-285.15%	30.11%	489.48%	-79.86%	-46.98%	38.84%	167.14%	-83.34%	117.28%	-10.90%	-35.03%	103.01%	-11.79%	-11.65%	121.31%	47.11%	-60.59%	26.16%	145.24%	-73.15%	138.18%	-7.15%	101.93%	-47.07%
operating margin %	-Infinity%	-Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%
other income
interest and other income	1,302,000	-1,202,000	3,442,000	2,638,000	-488,000	61,000	3,097,000	-7,048,000	-288,000	2,171,000	-235,000	641,000	720,000	693,000	1,804,000	873,000	492,000	496,000	616,000	654,000	665,000	194,000	-360,000	562,000	130,000																											337,000	597,000	258,000	119,000	488,000	307,000	267,000	285,000	207,000	34,000	173,000	180,000	140,000	211,000	496,656	450,404	310,374	51,116	119,830
floorplan interest expense	-3,553,000	-4,588,000	-6,183,000	-6,812,000	-6,526,000	-8,435,000	-9,993,000	-9,218,000	-7,064,000	-6,028,000	-4,045,000	-2,457,000	-1,272,000	-788,000	-588,000	-245,000	-254,000	-148,000	-259,000	-350,000	-418,000	-528,000	-757,000	-901,000	-1,152,000	-1,630,000	-1,448,000	-1,399,000	-877,000	-1,182,000	-1,856,000	-1,727,000	-1,350,000	-1,433,000	-1,900,000	-2,163,000	-2,656,000	-2,717,000	-3,294,000	-3,806,000	-3,743,000	-4,389,000	-4,602,000	-4,744,000	-4,599,000	-5,132,000	-5,444,000	-5,308,000	-4,593,000
other interest expense	-4,623,000	-4,963,000	-4,755,000	-4,724,000	-4,533,000	-4,626,000	-4,286,000	-3,734,000	-2,459,000	-3,295,000	-1,494,000	-1,241,000	-1,274,000	-1,267,000	-1,257,000	-1,349,000	-1,196,000	-1,245,000	-1,071,000	-1,118,000	-1,104,000	-959,000	-940,000	-978,000	-966,000	-890,000	-955,000	-966,000	-1,642,000	-1,623,000	-1,617,000	-2,490,000	-2,031,000	-2,153,000	-2,110,000	-2,464,000	-2,120,000	-2,375,000	-2,160,000	-2,777,000	-993,000	-3,061,000	-4,041,000	-3,360,000	-3,827,000	-3,728,000	-3,586,000	-3,559,000	-3,441,000
income before income taxes	-12,475,000	-22,697,000	2,808,000	-8,236,000	-17,282,000	-58,794,000	275,000	-4,250,000	12,786,000	33,557,000	40,452,000	41,591,000	35,439,000	23,829,000	54,678,000	33,150,000	23,584,000	28,768,000	28,823,000	15,632,000	13,679,000	5,488,000	13,824,000	8,292,000	3,148,000	-4,669,000	12,409,000	7,427,000	-515,000	-2,242,000	12,770,000	7,792,000	-2,165,000	-2,705,000	4,886,000	-7,210,000	-9,410,000	-12,420,000	56,000	-4,549,000	-5,800,000	-52,620,000	5,714,000	-479,000	-8,826,000	-37,239,000	5,713,000	1,812,000	-6,272,000	2,801,000	10,069,000	6,556,000		23,777,000	8,782,000	12,350,000	21,336,000	10,383,000	12,215,000	12,804,000	4,601,000	2,642,000	9,719,000	8,226,000	3,028,000	13,859,901	5,601,491	5,693,127	2,038,951.75	4,459,347
provision for income taxes	141,000	13,471,000	1,610,000	-2,236,000	-4,078,000	-15,033,000	-1,438,000	54,000	3,345,000	9,595,000	10,259,000	10,270,000	8,474,000			8,191,000	6,044,000	6,333,000	7,007,000	4,383,000	3,132,000	4,706,000	3,912,000	1,892,000	886,000	-5,342,000	4,195,000	1,916,000		-83,000	1,994,000	2,612,000		-750,000	2,502,000			-999,250	-208,000	-1,847,000	-1,942,000	-17,628,000	2,231,000	-649,000		-669,000	-3,400,000	-2,587,000
net income	-12,616,000	-36,168,000	1,198,000	-6,000,000	-13,204,000	-43,761,000	1,713,000	-4,304,000	9,441,000	23,962,000	30,193,000	31,321,000	26,965,000	18,112,000	41,257,000	24,959,000	17,540,000	22,435,000	21,816,000	11,249,000	10,547,000	782,000	9,912,000	6,400,000	2,262,000	673,000	8,214,000	5,511,000	-445,000	3,585,250	10,776,000	5,180,000	-1,614,000																								12,800,000	6,291,000	7,268,000	7,706,000	2,714,000	1,559,000	5,733,000	4,851,000	1,790,000	8,184,901	3,332,491	3,387,127	1,235,786	2,714,347
yoy	-4.45%	-17.35%	-30.06%	39.41%	-239.86%	-282.63%	-94.33%	-113.74%	-64.99%	32.30%	-26.82%	25.49%	53.73%	-19.27%	89.11%	121.88%	66.30%	2768.93%	120.10%	75.77%	366.27%	16.20%	20.67%	16.13%	-608.31%	-81.23%	-23.78%	6.39%	-72.43%																												371.63%	303.53%	26.77%	58.85%	51.62%	-80.95%	72.03%	43.22%	44.85%	201.54%
qoq	-65.12%	-3119.03%	-119.97%	-54.56%	-69.83%	-2654.64%	-139.80%	-145.59%	-60.60%	-20.64%	-3.60%	16.15%	48.88%	-56.10%	65.30%	42.30%	-21.82%	2.84%	93.94%	6.66%	1248.72%	-92.11%	54.88%	182.94%	236.11%	-91.81%	49.05%	-1338.43%	-112.41%	-66.73%	108.03%	-420.94%																									103.47%	-13.44%	-5.68%	183.94%	74.09%	-72.81%	18.18%	171.01%	-78.13%	145.61%	-1.61%	174.09%	-54.47%
net income margin %	-Infinity%	-Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%
loss per share:
basic	-0.55
diluted	-0.55
weighted-average common shares:
basic	22,849	22,748	22,776	22,764	22,669	22,606	22,631	22,617	22,542	22,493	22,512	22,476	22,441	22,373	22,393	22,387	22,312	22,238	22,213	22,261	22,168	22,100	22,132	22,118	22,012	21,946	21,973	21,960	21,872	21,809	21,835	21,826	21,734	21,543
diluted	22,849	22,748	22,780	22,764	22,669	22,606	22,631	22,617	22,546	22,499	22,517	22,484	22,448	22,380	22,399	22,392	22,321	22,248	22,222	22,276	22,179	22,104	22,137	22,119	22,012	21,953	21,976	21,964	21,872	21,816	21,842	21,831	21,734	21,543
impairment of goodwill								531,000															1,453,000
earnings per share:
basic		-1.59	0.05	-0.26	-0.58	-1.93	0.07	-0.19	0.41	1.05	1.32	1.38	1.19	0.8	1.82	1.1	0.78	1	0.97	0.5	0.47	0.03	0.44	0.28	0.1	0.03	0.37	0.25	-0.02	-0.1	0.49	0.23	-0.07
diluted		-1.59	0.05	-0.26	-0.58	-1.93	0.07	-0.19	0.41	1.05	1.32	1.38	1.19	0.79	1.82	1.1	0.78	0.99	0.97	0.5	0.47	0.03	0.44	0.28	0.1	0.03	0.37	0.25	-0.02	-0.1	0.48	0.23	-0.07
benefit from income taxes														6,914,000	13,421,000														-70,000				-551,000			-2,024,000	-3,478,000								-1,936,000				1,733,000				394,000
impairment of long-lived assets																									216,000	3,578,000	51,000		135,000	1,697,000	304,000	156,000
restructuring costs																															-151,000	565,000		19,000	2,587,000	5,549,000	2,344,000
interest income and other income																										439,000	1,273,000	620,000	794,000	545,000	160,000	1,462,000	385,000	-205,000	380,000	682,000	778,000	273,000	502,000	612,000	137,000	87,000	722,000	837,000	-2,124,000	-177,000	-489,000	-1,028,000	-224,000	168,500
net loss allocated to participating securities - note 1																																	26,000	-35,000	-56,000	99,000	114,000	123,000	-8,000	51,000	68,000	664,000	-72,000		105,000
net loss attributable to titan machinery inc. common stockholders																																	-1,588,000			-5,087,000	-5,818,000								-6,199,000
earnings per share - note 1:
basic		-1.59	0.05	-0.26	-0.58	-1.93	0.07	-0.19	0.41	1.05	1.32	1.38	1.19	0.8	1.82	1.1	0.78	1	0.97	0.5	0.47	0.03	0.44	0.28	0.1	0.03	0.37	0.25	-0.02	-0.1	0.49	0.23	-0.07
diluted		-1.59	0.05	-0.26	-0.58	-1.93	0.07	-0.19	0.41	1.05	1.32	1.38	1.19	0.79	1.82	1.1	0.78	0.99	0.97	0.5	0.47	0.03	0.44	0.28	0.1	0.03	0.37	0.25	-0.02	-0.1	0.48	0.23	-0.07
net income including noncontrolling interest																																		-2,183,500	2,384,000			-1,574,000	264,000	-2,702,000	-3,858,000	-34,992,000	3,483,000	170,000		-28,062,000	2,313,000	-775,000		-1,018,000	5,758,000	3,967,000	-603,000	14,359,000	5,305,000	7,459,000
less: loss attributable to noncontrolling interest
net income attributable to titan machinery inc.																																		-2,183,500	2,384,000			-1,485,000	264,000	-2,520,000	-3,684,000	-35,050,000	3,456,000	6,000		-27,464,000	2,470,000	-614,000		-393,000	5,825,000	3,833,000	-414,000	14,061,000	5,209,000	7,597,000
net income attributable to titan machinery inc. common stockholders																																		-2,139,500	2,328,000			-1,455,000	256,000	-2,469,000	-3,616,000	-34,386,000	3,384,000	6,000
earnings per share - note 1
earnings per share - basic																																		-0.1	0.11	-0.24	-0.27	-0.38	0.01	-0.12	-0.17	-1.63	0.16		-0.29	-1.29	0.12	-0.03		-0.02	0.27	0.18	-0.02	0.67	0.25	0.36	0.62	0.31	0.41	0.44	0.15	0.09	0.33	0.28	0.1	0.47	0.2	0.25	0.28	0.62
earnings per share - diluted																																		-0.1	0.11	-0.24	-0.27	-0.38	0.01	-0.12	-0.17	-1.63	0.16		-0.29	-1.29	0.11	-0.03		-0.02	0.27	0.18	-0.02	0.66	0.25	0.36	0.61	0.3	0.4	0.42	0.15	0.09	0.32	0.27	0.1	0.45	0.19	0.24	0.18	0.36
weighted-average common shares - basic																																			21,585	21,546	21,373	21,294	21,218	21,205	21,203	21,111	21,129	21,105	21,044	20,989	20,994	20,986	20,951	20,894	20,901	20,882	20,854
weighted-average common shares - diluted																																			21,643	21,546	21,373	21,294	21,269	21,205	21,203	21,111	21,218	21,217	21,044	20,989	21,102	20,986	20,951	21,040	21,031	21,029	20,854
net loss including noncontrolling interest																																				-5,186,000	-5,932,000								-6,890,000				-4,539,000
net loss attributable to titan machinery inc.																																				-5,186,000	-5,932,000								-6,304,000				-4,195,000
impairment and realignment costs																																						136,500	275,000	24,000	247,000	379,750	22,000	-104,000	1,601,000
less: net income attributable to noncontrolling interest																																						-89,000		-182,000	-174,000	58,000	27,000	164,000		-598,000	-157,000	-161,000				134,000		298,000	96,000
net income allocated to participating securities - note 1
less: net loss attributable to noncontrolling interest																																													-586,000				-344,000
realignment costs																																														738,000		151,000	2,801,000
net income per share																																																	-0.2
weighted-average shares - basic																																																						20,814	20,781	20,723	20,572	20,237	17,754	17,661	17,635	17,617	17,604	17,589	17,571	17,553,416	16,629,671	13,449,179		4,345,710
weighted-average shares - diluted																																																						20,988	21,000	20,962	21,073	20,799	18,309	18,161	18,080	18,040	18,013	17,998	17,860	18,041,197	17,169,719	13,854,738		7,675,831
interest expense other
net loss attributable to noncontrolling interest																																																								138,000
other, including trucking and rental																																																											6,062,000	7,351,000	5,086,000	3,483,000	4,836,000	3,956,000	2,496,000	3,321,691	2,664,647	1,220,185	1,364,231.25	2,517,573
subordinated debt interest expense
adjustments to income:
amortization of syndication fees
unpaid accumulated preferred dividends																																																																						-25,594
income available to common stockholders																																																																		8,184,901	3,332,491	3,387,127	1,212,618.25	2,683,457

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-04-30	2026-01-31	2025-10-31	2025-07-31	2025-04-30	2025-01-31	2024-10-31	2024-07-31	2024-04-30	2024-01-31	2023-10-31	2023-07-31	2023-04-30	2023-01-31	2022-10-31	2022-07-31	2022-04-30	2022-01-31	2021-10-31	2021-07-31	2021-04-30	2021-01-31	2020-10-31	2020-07-31	2020-04-30	2020-01-31	2019-10-31	2019-07-31	2019-04-30	2019-01-31	2018-10-31	2018-07-31	2018-04-30	2018-01-31	2017-10-31	2017-07-31	2017-04-30	2017-01-31	2016-10-31	2016-07-31	2016-04-30	2016-01-31	2015-10-31	2015-07-31	2015-04-30	2015-01-31	2014-10-31	2014-07-31	2014-04-30	2014-01-31	2013-10-31	2013-07-31	2013-04-30	2012-10-31	2012-07-31	2012-04-30	2011-10-31	2011-07-31	2011-04-30	2010-10-31	2010-07-31	2010-04-30	2009-10-31	2009-07-31	2009-04-30	2008-10-31	2008-07-31	2008-04-30	2008-01-31	2007-10-31

assets
current assets
cash	29,578,000	28,164,000	48,790,000	32,675,000	21,514,000	35,898,000	23,420,000	31,219,000	35,684,000	38,066,000	69,981,000	52,765,000	38,357,000	43,913,000	45,852,000	142,057,000	147,095,000	146,149,000	90,540,000	65,584,000	89,729,000	78,990,000	41,808,000	44,484,000	50,835,000	43,721,000	52,420,000	49,517,000	63,331,000	56,745,000	52,243,000	49,673,000	57,254,000	53,396,000	43,861,000	57,526,000	56,241,000	53,151,000	52,431,000	51,090,000	63,782,000	89,465,000	78,409,000	95,416,000	104,355,000	127,528,000	110,222,000	89,713,000	82,011,000	74,242,000	113,368,000	102,407,000	114,252,000																	3,797,574
accounts receivable	109,579,000	127,031,000	146,732,000	127,608,000	124,007,000	119,814,000	140,295,000	131,776,000	134,142,000	153,657,000	129,399,000	119,753,000	131,284,000	95,844,000	111,849,000	96,369,000	84,870,000	94,287,000	85,842,000	82,068,000	71,928,000	69,109,000	73,531,000	75,782,000	76,430,000	72,776,000	88,907,000	86,486,000	85,853,000	77,500,000	81,690,000	78,411,000	66,172,000
inventories	914,825,000	903,085,000	1,010,734,000	1,140,000,000	1,099,394,000	1,108,672,000	1,413,088,000	1,527,758,000	1,429,762,000	1,303,030,000	1,071,088,000	979,427,000	854,154,000	703,939,000	630,377,000	556,383,000	494,167,000	421,758,000	412,674,000	427,109,000	415,660,000	418,458,000	532,746,000	570,680,000	583,435,000	597,394,000	624,215,000	629,246,000	568,262,000	491,091,000	525,277,000	547,062,000	518,173,000	472,467,000	529,761,000	517,464,000	484,090,000	478,266,000	607,629,000	682,049,000	684,829,000	689,464,000	813,840,000	877,823,000	880,060,000	879,440,000	1,062,123,000	1,137,700,000	1,116,977,000	1,075,978,000	1,175,665,000	1,105,819,000	1,001,227,000	1,048,004,000	938,267,000	823,195,000	738,345,000	622,471,000	463,506,000	428,830,000	419,945,000	352,682,000	355,196,000	346,463,000	290,832,000	234,688,943	183,170,750	140,655,034		146,048,648
prepaid expenses and other	30,664,000	31,700,000	21,844,000	25,999,000	27,903,000	28,244,000	19,896,000	18,347,000	15,301,000	24,262,000	15,080,000	13,543,000	19,792,000	25,554,000	15,625,000	17,736,000	22,223,000	28,135,000	15,121,000	20,684,000	11,275,000	13,677,000	8,737,000	7,144,000	10,626,000	13,655,000	7,857,000	8,270,000	12,229,000	15,556,000	9,085,000	11,149,000	11,651,000	12,440,000	8,363,000	10,465,000	7,868,000	10,989,000	7,491,000	6,148,000	6,686,000	9,753,000	7,300,000	5,353,000	5,179,000	10,634,000	15,271,000	12,461,000	17,392,000	24,740,000	25,893,000	27,113,000	9,786,000	4,225,000	2,972,000	5,128,000
total current assets	1,084,646,000	1,089,980,000	1,228,100,000	1,326,282,000	1,272,818,000	1,292,628,000	1,596,699,000	1,709,100,000	1,614,889,000	1,519,015,000	1,285,548,000	1,165,488,000	1,043,587,000	869,250,000	803,703,000	812,545,000	748,355,000	690,329,000	604,177,000	595,445,000	588,592,000	580,234,000	656,822,000	698,090,000	721,326,000	727,546,000	773,399,000	773,519,000	729,675,000	640,892,000	668,295,000	686,295,000	653,346,000	599,146,000	655,701,000	655,202,000	616,516,000	607,868,000	743,913,000	803,737,000	822,548,000	858,245,000	1,002,090,000	1,082,766,000	1,090,923,000	1,128,487,000	1,307,741,000	1,343,208,000	1,315,889,000	1,287,383,000	1,437,377,000	1,343,949,000	1,226,838,000	1,269,647,000	1,139,098,000	993,975,000	894,243,000	783,562,000	600,764,000	533,598,000	514,384,000	462,815,000	464,246,000	455,586,000	394,379,000	348,805,954	303,348,583	212,203,540		170,604,886
noncurrent assets
property and equipment	362,126,000	360,983,000	371,657,000	377,897,000	376,917,000	379,690,000	357,056,000	357,346,000	304,472,000	298,774,000	267,155,000	252,187,000	233,830,000	217,782,000	215,954,000	188,964,000	183,489,000	178,243,000	175,328,000	162,657,000	158,364,000	147,165,000	148,520,000	150,496,000	148,293,000	145,562,000	148,090,000	146,908,000	144,794,000	138,950,000	144,026,000	143,575,000	146,113,000	151,047,000	156,426,000	160,613,000	159,753,000	156,647,000	169,964,000	174,596,000	177,082,000	183,179,000	178,781,000	186,000,000	194,788,000	208,680,000	216,947,000	233,055,000	231,780,000	228,000,000	235,852,000	235,125,000	230,049,000	185,656,000	182,534,000	167,759,000	118,329,000	98,545,000	79,434,000	55,915,000	53,938,000	48,526,000	45,741,000	47,609,000	44,072,000	26,257,764	23,161,056	16,903,567
operating lease assets	48,233,000	47,197,000	47,674,000	48,210,000	29,222,000	27,935,000	37,520,000	37,643,000	51,858,000	54,699,000	40,835,000	44,241,000	47,684,000	50,206,000	52,091,000	51,888,000	53,980,000	56,150,000	59,950,000	66,934,000	68,962,000	74,445,000	81,401,000	83,586,000	84,577,000	88,281,000	92,124,000	95,432,000	97,404,000
deferred income taxes	771,000	1,327,000	8,901,000	11,492,000	7,664,000	2,552,000	535,000	512,000	517,000	529,000	4,969,000	3,769,000	2,169,000	1,246,000	2,937,000	2,239,000	2,297,000	1,328,000	6,726,000	5,265,000	4,613,000	3,637,000	3,787,000	3,337,000	3,783,000	2,147,000	3,398,000	3,173,000	3,091,000	3,010,000	3,334,000	2,785,000	3,145,000	3,472,000	271,000	334,000	332,000	547,000	10,531,000	10,993,000	10,809,000	11,135,000	18,487,000	18,297,000	18,488,000	19,025,000	13,410,000	13,274,000	13,441,000	13,678,000	8,611,000	8,411,000	8,170,000	5,182,000	5,147,000	5,256,000	2,880,000	3,110,000	3,238,000	2,923,000	2,867,000	2,645,000	2,154,000	1,923,000	1,753,000	1,301,000	1,174,000	1,068,000		462,000
goodwill	66,686,000	65,583,000	63,906,000	63,936,000	61,608,000	61,246,000	63,865,000	62,929,000	62,979,000	64,105,000	31,144,000	31,157,000	30,691,000	30,622,000	32,022,000	9,535,000	9,535,000	8,952,000	1,433,000	1,433,000	1,433,000	1,433,000	1,433,000	2,818,000	2,311,000	2,327,000	2,291,000	1,649,000	1,631,000	1,161,000	1,015,000																24,742,000	24,751,000	24,751,000	24,751,000	30,997,000	30,959,000	30,944,000	29,547,000	29,529,000	26,255,000	23,164,000	21,931,000	19,285,000	16,247,000	16,247,000	14,762,000	13,679,000	13,702,000	12,253,000	10,166,051	8,998,264	8,478,554		6,618,917
intangible assets, net of accumulated amortization	51,719,000	51,233,000	48,448,000	48,983,000	48,300,000	48,306,000	52,074,000	51,367,000	51,301,000	53,356,000	18,266,000	18,354,000	18,330,000	18,411,000	16,852,000	11,480,000	11,509,000	10,624,000	6,535,000	6,558,000	7,696,000	7,785,000	7,764,000	8,568,000	8,318,000	8,367,000	9,059,000	7,351,000	7,343,000	7,247,000		5,361,000	5,369,000	5,193,000	4,944,000	4,960,000	4,980,000	5,001,000	5,026,000	5,041,000	5,091,000	5,134,000	5,189,000	5,272,000	5,360,000	5,458,000	11,211,000	11,422,000	11,582,000	11,750,000	13,873,000	14,019,000	14,200,000	12,477,000	12,631,000	11,459,000	9,758,000	8,153,000	6,676,000	387,000	408,000	429,000	312,000	329,000	346,000	418,965	226,051	317,570		356,913
other	593,000	625,000	674,000	1,142,000	1,158,000	1,581,000	1,654,000	1,652,000	1,651,000	1,783,000	1,821,000	1,820,000	1,814,000	1,178,000	1,211,000	1,220,000	1,032,000	1,041,000	1,070,000	1,079,000	1,081,000	1,090,000	1,129,000	1,130,000	1,131,000	1,113,000	1,163,000	1,164,000	1,168,000	1,178,000	1,252,000	1,433,000	1,442,000	1,450,000	948,000	1,312,000	1,347,000	1,359,000	1,394,000	1,432,000	1,322,000	1,317,000	7,610,000	6,490,000	6,649,000	7,122,000	7,173,000	7,617,000	7,555,000	7,666,000	6,960,000	7,894,000	8,545,000	7,641,000	7,545,000	7,850,000	2,787,000	2,614,000	2,691,000	869,000	845,000	651,000	563,000	538,000	498,000	397,249	377,321	330,949		326,208
total noncurrent assets	530,128,000	526,948,000	541,260,000	551,660,000	524,869,000	521,310,000	512,704,000	511,449,000	472,778,000	473,246,000	364,190,000	351,528,000	334,518,000	319,445,000	321,067,000	265,326,000	261,842,000	256,338,000	251,042,000	243,926,000	242,149,000	235,555,000	244,034,000	249,935,000	248,413,000	247,797,000	256,125,000	255,677,000	255,431,000	151,546,000	156,915,000	153,154,000	156,069,000	161,162,000	162,589,000	167,219,000	166,412,000	163,554,000	176,384,000	181,069,000	183,495,000
total assets	1,614,774,000	1,616,928,000	1,769,360,000	1,877,942,000	1,797,687,000	1,813,938,000	2,109,403,000	2,220,549,000	2,087,667,000	1,992,261,000	1,649,738,000	1,517,016,000	1,378,105,000	1,188,695,000	1,124,770,000	1,077,871,000	1,010,197,000	946,667,000	855,219,000	839,371,000	830,741,000	815,789,000	900,856,000	948,025,000	969,739,000	975,343,000	1,029,524,000	1,029,196,000	985,106,000	792,438,000	825,210,000	839,449,000	809,415,000	760,308,000	818,290,000	822,421,000	782,928,000	771,422,000	920,297,000	984,806,000	1,006,043,000	1,047,875,000	1,193,670,000	1,280,528,000	1,297,720,000	1,349,747,000	1,572,772,000	1,624,956,000	1,596,642,000	1,564,648,000	1,730,930,000	1,636,811,000	1,514,476,000	1,508,448,000	1,374,806,000	1,210,445,000
liabilities and stockholders' equity
current liabilities
accounts payable	43,781,000	35,156,000	46,290,000	41,502,000	49,268,000	37,166,000	44,689,000	40,434,000	47,629,000	43,846,000	38,016,000	41,254,000	43,195,000	40,834,000	43,338,000	28,344,000	26,817,000	25,644,000	24,312,000	20,649,000	24,618,000	20,045,000	23,433,000	20,734,000	23,119,000	16,976,000	24,439,000	18,928,000	26,039,000	16,607,000	21,165,000	18,721,000	16,288,000	15,136,000	19,567,000	16,331,000	20,123,000	17,326,000	22,888,000	16,265,000	18,322,000	16,863,000	23,185,000	18,358,000	17,539,000	17,659,000	26,680,000	23,182,000	26,138,000	23,714,000	34,289,000	39,724,000	33,867,000	34,597,000	31,024,000	37,322,000	39,091,000	24,712,000	26,731,000	16,307,000	15,312,000	17,402,000	14,596,000	14,685,000	15,887,000	14,596,431	13,118,133	13,789,144		9,570,009
floorplan payable	588,992,000	553,754,000	739,617,000	852,225,000	769,613,000	755,698,000	1,048,221,000	1,168,440,000	1,024,999,000	893,846,000	705,610,000	595,728,000	442,950,000	258,372,000	273,083,000	274,244,000	188,881,000	135,415,000	174,659,000	185,549,000	169,108,000	161,835,000	287,837,000	352,215,000	378,302,000	371,772,000	445,726,000	451,934,000	374,271,000	273,756,000	332,943,000	365,634,000	320,862,000	247,392,000	322,439,000	308,025,000	259,634,000	233,228,000	372,055,000	430,838,000	446,304,000	444,780,000	546,586,000	619,636,000	606,673,000	627,249,000	761,182,000	850,347,000	798,542,000	750,533,000
current maturities of long-term debt	26,112,000	21,410,000	21,804,000	11,432,000	11,354,000	10,920,000	9,500,000	9,940,000	13,890,000	13,706,000	11,586,000	11,174,000	7,481,000	7,241,000	6,895,000	6,650,000	6,270,000	5,876,000	5,667,000	5,455,000	5,128,000	4,591,000	4,423,000	3,921,000	3,787,000	13,779,000	13,280,000	3,306,000	2,628,000	3,340,000	3,822,000	1,974,000	1,644,000	1,574,000	1,529,000	1,477,000	1,371,000	1,373,000	15,464,000	15,623,000	13,333,000	1,557,000	1,419,000	6,365,000	24,677,000	7,749,000	37,467,000	35,731,000	35,990,000	2,192,000	9,926,000	16,518,000	10,151,000	10,123,000	4,600,000	4,566,000									7,620,000	1,109,274	1,556,920	3,465,961		4,486,762
current operating lease liabilities	4,113,000		4,207,000	4,356,000	5,879,000		8,178,000	7,912,000	10,918,000		9,395,000	9,533,000	9,888,000		9,671,000	9,465,000	9,481,000		9,922,000	10,755,000	10,624,000		12,373,000	12,158,000	12,320,000		12,002,000	12,184,000	12,137,000
deferred revenue	54,129,000	82,311,000	24,130,000	41,702,000	57,829,000	91,933,000	41,979,000	57,802,000	84,900,000	115,852,000	43,964,000	63,083,000	97,532,000	119,845,000	56,812,000	91,819,000	129,503,000	134,146,000	35,207,000	37,977,000	49,109,000	59,418,000	14,708,000	22,716,000	29,163,000	40,968,000	12,878,000	30,540,000	35,394,000	46,409,000	16,908,000	22,731,000	32,874,000
accrued expenses and other	71,346,000	75,248,000	68,007,000	59,916,000	61,975,000	59,492,000	59,460,000	58,892,000	65,402,000	74,400,000	71,211,000	49,360,000	48,042,000	58,159,000	56,980,000	42,856,000	47,091,000	59,339,000	49,133,000	47,751,000	37,110,000	48,791,000	38,433,000	38,122,000	30,726,000	38,409,000	39,392,000	36,964,000	30,091,000	35,091,000	28,826,000	26,811,000	22,375,000	31,863,000	27,298,000	28,918,000	23,636,000	30,533,000
total current liabilities	788,473,000	771,963,000	904,055,000	1,011,133,000	955,918,000	960,956,000	1,212,027,000	1,343,420,000	1,247,738,000	1,152,401,000	885,404,000	778,003,000	660,239,000	498,151,000	462,697,000	459,667,000	417,499,000	374,721,000	305,683,000	310,471,000	310,205,000	317,500,000	381,207,000	449,866,000	477,417,000	494,163,000	547,717,000	553,856,000	526,204,000	420,452,000	448,511,000	480,315,000	394,043,000	328,289,000	385,944,000	375,520,000	328,384,000	308,826,000	462,025,000	507,278,000	522,011,000	523,425,000	613,719,000	692,394,000	710,038,000	729,607,000	884,777,000	972,963,000	940,691,000	875,037,000	1,053,613,000	969,034,000	873,125,000	889,690,000	779,890,000	660,441,000	660,874,000	568,938,000	444,039,000	373,398,000	358,816,000	305,242,000	308,260,000	302,286,000	249,980,000	208,984,670	168,548,137	146,442,270		140,480,728
long-term liabilities
long-term debt, less current maturities	150,503,000	158,565,000	154,780,000	153,058,000	153,900,000	157,767,000	131,134,000	116,666,000	105,440,000	106,407,000	87,591,000	87,052,000	93,445,000	89,950,000	91,055,000	86,500,000	81,974,000	74,772,000	70,502,000	63,624,000	64,868,000	44,906,000	55,109,000	48,665,000	49,522,000	37,789,000	35,754,000	34,581,000	23,871,000	25,812,000	26,255,000	22,419,000	21,395,000	34,578,000	35,892,000	49,169,000	56,245,000	38,236,000	25,427,000	25,527,000	26,223,000	38,409,000	28,625,000	41,629,000	45,660,000	67,123,000	100,712,000	66,609,000	66,690,000	95,532,000	85,658,000	82,657,000	58,480,000	69,345,000	61,102,000	21,607,000	59,544,000	31,933,000	33,092,000	22,970,000	24,351,000	21,456,000	23,192,000	28,107,000	19,403,000	2,707,158	2,712,474	10,519,986		11,056,822
operating lease liabilities	46,946,000	46,050,000	45,799,000	46,082,000	26,586,000	25,588,000	34,814,000	35,415,000	47,693,000	50,964,000	38,688,000	42,168,000	45,770,000	48,513,000	50,737,000	50,998,000	53,284,000	55,595,000	59,264,000	66,678,000	69,030,000	73,567,000	80,782,000	83,341,000	84,499,000	88,387,000	90,063,000	93,248,000	95,375,000
finance lease liabilities	41,649,000	42,140,000	39,642,000	44,570,000	44,279,000	44,894,000
other long-term liabilities	10,397,000	8,761,000	5,078,000	3,434,000	2,601,000	1,838,000	43,527,000	43,820,000	2,455,000	2,240,000	2,661,000	3,543,000	5,051,000	6,212,000	7,020,000	4,438,000	3,956,000	4,374,000	6,192,000	6,746,000	7,555,000	8,535,000	10,376,000	9,060,000	7,415,000	7,845,000	8,125,000	7,060,000	6,573,000	5,908,000	7,423,000	8,268,000	8,011,000	10,492,000	10,216,000	8,769,000	5,694,000	5,180,000	2,217,000	2,225,000	2,269,000	2,412,000	3,083,000	3,289,000	3,488,000	3,312,000	2,869,000	2,824,000	7,360,000	6,515,000	6,445,000	6,608,000	8,970,000	1,870,000	2,150,000	2,087,000	3,419,000	3,010,000	2,530,000	2,498,000	2,584,000	3,562,000	3,214,000	3,926,000	4,186,000
total long-term liabilities	259,824,000	265,667,000	252,679,000	256,466,000	236,325,000	238,905,000	229,176,000	217,563,000	177,328,000	182,218,000	138,501,000	142,332,000	153,833,000	154,238,000	150,786,000	143,927,000	141,215,000	136,747,000	135,958,000	137,048,000	141,453,000	127,008,000	152,081,000	143,367,000	145,244,000	136,076,000	139,528,000	139,381,000	130,160,000	36,675,000	39,119,000	33,179,000	93,888,000	110,164,000	113,191,000	132,176,000	137,248,000	141,417,000	125,929,000	147,756,000	147,406,000	186,101,000	206,117,000	218,521,000	221,637,000	241,781,000	282,962,000	247,382,000	250,632,000	278,269,000	267,071,000	264,120,000	241,619,000	234,758,000	226,105,000	185,998,000
commitments and contingencies
stockholders' equity
common stock																																																																		176	176	134		43
additional paid-in-capital	267,247,000	266,905,000	265,608,000	264,395,000	263,007,000	262,097,000	261,011,000	259,911,000	258,700,000	258,657,000	257,881,000	256,984,000	256,207,000	256,541,000	256,073,000	255,188,000	254,390,000	254,455,000	253,782,000	253,129,000	252,547,000	252,913,000	252,270,000	251,587,000	251,051,000	250,607,000	249,984,000	249,228,000	248,534,000	248,423,000	247,813,000	247,149,000	246,451,000	246,509,000	245,140,000	244,522,000	242,938,000	240,615,000	242,019,000	240,674,000	243,736,000	242,491,000	242,149,000	241,158,000	240,505,000	240,180,000	240,057,000	239,383,000	238,795,000	238,857,000	238,331,000	237,772,000	237,263,000	235,892,000	235,336,000	234,651,000	216,881,000	216,461,000	140,773,000	139,772,000	139,428,000	139,059,000	138,518,000	138,187,000	137,949,000	137,522,187	137,385,435	58,316,496		637,219
retained earnings	293,524,000	306,140,000	342,308,000	341,110,000	347,110,000	360,314,000	404,075,000	402,362,000	406,666,000	397,225,000	373,263,000	343,070,000	311,749,000	284,784,000	266,672,000	225,415,000	200,456,000	182,916,000	160,482,000	138,665,000	127,416,000	116,869,000	116,087,000	106,175,000	99,775,000	97,717,000	97,044,000	88,830,000	83,319,000	89,228,000	91,387,000	80,613,000	75,432,000	77,046,000	75,361,000	72,977,000	78,163,000	85,347,000	93,586,000	93,322,000	95,842,000	99,526,000	134,576,000	131,120,000	131,114,000	137,418,000	164,882,000	162,412,000	165,380,000	169,575,000	169,968,000	164,143,000	160,310,000	145,118,000	131,057,000	125,848,000	100,450,000	87,650,000	81,359,000	63,728,000	56,022,000	53,308,000	48,386,000	42,653,000	37,802,000	32,841,745	24,656,844	21,324,351		17,714,103
accumulated other comprehensive income	5,706,000	6,253,000	4,710,000	4,838,000	-4,673,000	-8,334,000	3,114,000	-2,707,000	-2,765,000	1,760,000				-5,019,000				-2,172,000	-686,000	58,000	-880,000	1,499,000																								-1,099,000	-1,895,000	262,000	-1,278,000	339,000						112,000
total stockholders' equity	566,477,000	579,298,000	612,626,000	610,343,000	605,444,000	614,077,000	668,200,000	659,566,000	662,601,000	657,642,000	625,833,000	596,681,000	564,033,000	536,306,000	511,287,000	474,277,000	451,483,000	435,199,000	413,578,000	391,852,000	379,083,000	371,281,000	367,568,000	354,792,000	347,078,000	345,104,000	342,279,000	335,959,000	328,742,000	335,311,000	337,580,000	325,955,000	321,484,000	321,855,000	319,155,000	314,725,000	317,296,000	321,179,000	332,343,000	329,772,000	336,626,000	338,349,000	373,834,000	369,613,000	366,045,000	378,359,000	405,033,000	404,611,000	405,319,000	411,342,000
total liabilities and stockholders' equity	1,614,774,000	1,616,928,000	1,769,360,000	1,877,942,000	1,797,687,000	1,813,938,000	2,109,403,000	2,220,549,000	2,087,667,000	1,992,261,000	1,649,738,000	1,517,016,000	1,378,105,000	1,188,695,000	1,124,770,000	1,077,871,000	1,010,197,000	946,667,000	855,219,000	839,371,000	830,741,000	815,789,000	900,856,000	948,025,000	969,739,000	975,343,000	1,029,524,000	1,029,196,000	985,106,000	792,438,000	825,210,000	839,449,000	809,415,000	760,308,000	818,290,000	822,421,000	782,928,000	771,422,000	920,297,000	984,806,000	1,006,043,000	1,047,875,000	1,193,670,000	1,280,528,000	1,297,720,000	1,349,747,000	1,572,772,000	1,624,956,000	1,596,642,000	1,564,648,000
current maturities of operating leases		4,084,000				5,747,000				10,751,000				9,855,000				9,601,000				11,772,000				12,259,000
income taxes payable											5,622,000	7,871,000	11,151,000	3,845,000	15,918,000	6,289,000	9,456,000	4,700,000	6,783,000	2,335,000	14,508,000	11,048,000																		38,000	38,000	152,000				3,529,000	48,000		3,000	344,000	153,000	32,000		5,023,000	1,381,000	233,000	1,471,000	374,000	2,292,000	3,112,000	489,000		1,584,000	1,609,000		2,687,261		1,240,533		999,594
accumulated other comprehensive loss											-5,311,000	-3,373,000	-3,923,000		-11,458,000	-6,326,000	-3,363,000						-789,000	-2,970,000	-3,748,000	-3,220,000	-4,749,000	-2,099,000	-3,111,000	-2,340,000	-1,620,000	-1,807,000	-399,000	-1,700,000	-1,346,000	-2,774,000	-3,805,000	-4,783,000	-3,262,000	-4,224,000	-3,559,000	-4,461,000	-3,705,000	-3,492,000	-5,729,000
senior convertible notes																													45,644,000	45,249,000	44,847,000	44,444,000	63,351,000	62,819,000	62,277,000	70,975,000	70,361,000	88,501,000	87,754,000	109,011,000	108,105,000	134,145,000	135,096,000	134,170,000	133,245,000	132,350,000	131,456,000	130,592,000	129,728,000	128,893,000	128,059,000	127,252,000	126,446,000	124,887,000	124,132,000	123,378,000
other intangible assets, net of accumulated amortization																															7,288,000
income taxes receivable																																	96,000	171,000	111,000	6,049,000	5,371,000	5,380,000	4,559,000	4,374,000	11,862,000	13,011,000	2,888,000	3,834,000	3,003,000	166,000	2,327,000	3,755,000	6,173,000	851,000	2,859,000	5,767,000	7,384,000									991,000			900,000		649,822
receivables																																		60,672,000	73,605,000	63,698,000	62,946,000	60,082,000	71,803,000	60,076,000	55,389,000	56,552,000	69,390,000	70,797,000	64,892,000	76,382,000	104,388,000	86,305,000	79,895,000	97,894,000	110,981,000	94,432,000	86,019,000	96,568,000	66,203,000	53,679,000	52,952,000	53,496,000	51,474,000	34,976,000	29,478,000	24,239,000	23,593,000	20,524,000	21,695,000	20,685,208	30,990,211	28,170,302		19,714,499
customer deposits																																		32,324,000	15,111,000	20,769,000	23,620,000	26,366,000	16,215,000	14,026,000	16,769,000	31,159,000	11,650,000	15,442,000	26,247,000	35,090,000	20,893,000	21,055,000	36,384,000	61,286,000	27,991,000	26,721,000	31,260,000	25,063,000	12,163,000	25,247,000	19,237,000	30,506,000	37,072,000	9,280,000	6,928,000	8,517,000	9,937,000	9,516,000	15,483,000	11,155,883	29,347,882	25,735,043		9,881,916
total titan machinery inc. stockholders' equity																																						321,179,000	332,343,000	329,772,000	336,019,000	337,556,000	373,020,000	368,786,000	365,890,000	376,499,000	403,044,000	402,057,000	402,897,000	408,771,000
noncontrolling interest																																									607,000	793,000	814,000	827,000	155,000	1,860,000	1,989,000	2,554,000	2,422,000	2,571,000	2,862,000	2,817,000	3,085,000	3,621,000	3,312,000	3,395,000
accrued expenses																																							35,403,000	30,488,000	27,245,000	28,914,000	28,024,000	30,062,000	33,362,000	35,496,000	38,507,000	42,648,000	43,634,000	36,968,000	44,036,000	34,854,000	35,869,000	32,527,000	23,263,000	21,903,000	22,387,000	14,699,000	15,460,000	13,123,000	9,780,000	9,789,000	10,373,000	7,402,000	7,397,000	8,060,286	6,376,984	5,438,104		3,852,852
assets held for sale																																											11,776,000	11,246,000	14,946,000	15,312,000
intangibles and other assets
total intangibles and other assets																																										6,451,000	12,799,000	11,762,000	12,009,000	12,580,000	48,084,000	48,693,000	48,973,000	49,265,000	57,701,000	57,737,000	57,589,000	53,145,000	53,174,000	48,711,000
liabilities held for sale																																											2,855,000	2,531,000	1,540,000	2,835,000
noncurrent parts inventories																																															4,958,000	4,903,000	5,085,000	5,098,000			3,900,000	3,480,000	3,469,000	3,147,000	3,136,000	2,850,000	2,606,000	2,344,000	1,983,000	1,803,000	1,946,000
commitments and contingencies - note 11, note 12
noncurrent inventories																																																			5,871,000	4,865,000
liabilities and stockholders’ equity
floorplan notes payable																																																			937,218,000	851,185,000	761,978,000	782,357,000	707,459,000	571,170,000	576,763,000	494,886,000	354,396,000	322,328,000	317,506,000	262,809,000	261,905,000	257,563,000	203,593,000	171,375,535	118,148,218	96,773,485
stockholders’ equity
total titan machinery inc. stockholders’ equity																																																			407,384,000	400,840,000	396,647,000	380,379,000	365,499,000	360,611,000
total stockholders’ equity																																																			410,246,000	403,657,000	399,732,000	384,000,000	368,811,000	364,006,000
total liabilities and stockholders’ equity																																																			1,730,930,000	1,636,811,000	1,514,476,000	1,508,448,000	1,374,806,000	1,210,445,000
cash and cash equivalents																																																						115,668,000	126,509,000	106,717,000	97,890,000	102,194,000	81,607,000	66,002,000	61,461,000	81,334,000	82,376,000	85,981,000	78,714,000	41,861,426	86,986,230	41,968,933
prepaid expenses and other current assets																																																									2,176,000	2,291,000
intangibles and other assets - sum																																																									38,845,000	35,548,000	31,258,000	19,847,000	19,483,000	17,645,000	16,500,000	16,353,000	14,706,000	13,062,265	11,500,636	10,907,073		8,536,438
current maturities of long-term debt and short-term advances																																																									1,925,000	3,761,000	8,088,000	9,248,000	8,801,000	6,725,000	9,865,000	11,511,000
long-term liabilities - sum																																																									73,212,000	44,606,000	45,285,000	32,462,000	33,539,000	31,377,000	31,323,000	36,422,000	27,426,000	8,777,205	7,419,683	13,930,929		12,813,443
stockholders’ equity - sum																																																									317,331,000	304,111,000	222,132,000	203,500,000	195,450,000	192,367,000	186,904,000	180,840,000	175,751,000	170,364,108	162,042,455	79,640,981		18,351,365
prepaid expenses																																																											939,000	867,000	633,000	924,000	927,000	695,000	485,000	365,617	377,570	341,271		582,165
u.s. treasury bills																																																																		49,903,760
total cash, cash equivalents and u.s. treasury bills																																																															82,376,000	85,981,000	78,714,000	91,765,186
parts inventory in excess of amounts expected to be sold currently																																																																1,784,000	1,609,000	2,080,000	1,899,000	1,780,000		1,234,400
other long term liabilities																																																																		3,293,047	2,045,209	1,513,943		283,109
subordinated debentures																																																																						16,807,424
property and equipment,
net of accumulated depreciation																																																																						13,510,509
floor plan notes payable																																																																						111,689,595
accrued interest on subordinated debt																																																																						354,705
redeemable securities
series a convertible preferred stock - par value .00001, authorized-2,000,000 shares; outstanding-341,672 shares at october 31, 2007 and january 31, 2007																																																																						1,260,209
series b convertible preferred stock - par value .00001, authorized-2,000,000 shares; outstanding-125,001 shares at october 31, 2007 and january 31, 2007																																																																						512,167
series d convertible preferred stock - par value .00001, authorized-323,533 shares; outstanding- 323,533 shares at october 31, 2007 and no shares at january 31, 2007																																																																						2,426,497

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-04-30	2026-01-31	2025-10-31	2025-07-31	2025-04-30	2025-01-31	2024-10-31	2024-07-31	2024-04-30	2024-01-31	2023-10-31	2023-07-31	2023-04-30	2023-01-31	2022-10-31	2022-07-31	2022-04-30	2022-01-31	2021-10-31	2021-07-31	2021-04-30	2021-01-31	2020-10-31	2020-07-31	2020-04-30	2020-01-31	2019-10-31	2019-07-31	2019-04-30	2019-01-31	2018-10-31	2018-07-31	2018-04-30	2018-01-31	2017-10-31	2017-07-31	2017-04-30	2017-01-31	2016-10-31	2016-07-31	2016-04-30	2016-01-31	2015-10-31	2015-07-31	2015-04-30	2015-01-31	2014-10-31	2014-07-31	2014-04-30	2014-01-31	2013-10-31	2013-07-31	2013-04-30	2012-10-31	2012-07-31	2012-04-30	2011-10-31	2011-07-31	2011-04-30	2010-10-31	2010-07-31	2010-04-30	2009-10-31	2009-07-31	2009-04-30	2008-10-31	2008-07-31	2008-04-30

operating activities
net loss	-12,616,000																												-445,000				-1,614,000
adjustments to reconcile net loss to net cash from operating activities
depreciation and amortization	9,028,000	9,390,000	9,846,000	9,414,000	8,915,000	9,914,000	10,274,000	9,698,000	8,715,000	8,608,000	8,234,000	7,689,000	6,948,000	6,841,000	7,369,000	5,763,000	5,224,000	5,803,000	5,734,000	5,395,000	5,207,000	5,970,000	6,445,000	5,911,000	5,375,000	7,006,000	7,797,000	7,200,000	6,064,000	5,716,000	6,442,000	5,921,000	5,526,000	6,156,000	6,681,000	6,173,000	6,095,000	6,972,000	7,068,000	6,620,000	6,208,000	6,950,000	7,764,000	7,157,000	6,667,000	7,853,000	9,169,000	8,017,000	6,729,000	7,646,000	9,806,000	7,473,000	5,869,000	7,304,000	5,287,000	4,927,000	4,119,000	3,411,000	2,642,000	2,239,000	2,126,000	2,078,000	1,926,000	2,052,000	1,910,000
impairment	502,000		238,000	323,000	266,000		264,000												0				2,555,000	0	216,000	3,578,000	51,000	0	135,000	1,697,000	303,000												41,000	0	152,000
deferred income taxes	328,000	10,726,000	658,000	-3,746,000	-5,080,000	-12,809,000	-2,353,000	-271,000	-379,000	6,641,000	-1,236,000	-1,591,000	-904,000	9,474,000	-830,000	-7,000	-998,000	7,431,000	-1,471,000	-637,000	-1,008,000	-5,655,000	3,061,000	-1,061,000	117,000	-2,292,000	880,000	65,000	-316,000	-146,000	1,766,000	1,695,000	-804,000	-5,799,000	1,806,000	-1,324,000	-3,603,000	-3,666,000	33,000	183,000	609,000	-9,645,000	-215,000	192,000	497,000	-15,078,000	-144,000	153,000	232,000				171,000	-6,000	-100,000	114,000	36,000	128,000	20,000				351,000	274,000	55,000	-12,339
stock-based compensation expense	1,301,000	1,344,000	1,234,000	1,399,000	1,591,000	1,089,000	1,104,000	1,262,000	837,000	781,000	896,000	784,000	659,000	922,000	885,000	803,000	620,000	704,000	657,000	584,000	609,000	643,000	691,000	536,000	645,000	623,000	773,000	694,000	603,000	622,000	664,000	709,000	540,000	963,000	746,000	943,000	789,000	340,000	600,000	578,000	627,000	304,000	663,000	605,000	531,000	383,000	674,000	615,000	463,000	533,000	606,000	522,000	470,000	416,000	406,000	358,000	347,000	339,000	301,000	296,000	289,000	275,000	288,000
noncash interest expense	248,000	251,000	240,000	250,000	244,000	532,000	44,000	405,000	88,000	86,000	77,000	65,000	64,000	63,000	61,000	63,000	58,000	55,000	53,000	56,000	54,000	49,000	50,000	48,000	27,000	14,000	-13,000	6,000	401,000	408,000	594,000	701,000	729,000	734,000	778,000	1,225,000	914,000	1,009,000	1,689,000	1,238,000	1,378,000	1,431,000	2,268,000	1,253,000	1,765,000	1,222,000	1,175,000	1,175,000	1,151,000	1,143,000	1,149,000	1,137,000	1,108,000	1,060,000
noncash lease expense	1,213,000	1,341,000	1,179,000	1,556,000	1,027,000	1,535,000												2,324,000	2,485,000	2,545,000	2,528,000	2,924,000	2,896,000	2,884,000	2,833,000	2,983,000	3,053,000	3,136,000	3,062,000
other	-1,284,000	-90,000	-3,684,000	-2,842,000	-1,022,000	4,830,000	-8,574,000	3,552,000	3,767,000	2,340,000	2,378,000	1,587,000	1,663,000	2,311,000	2,489,000	2,524,000	2,059,000	21,000	528,000	-14,000	176,000	-681,000	-326,000	-314,000	-54,000	-325,000	-55,000	-19,000	11,000	-121,000	279,000	495,000	342,000	-1,858,000	-12,000	-1,385,000	849,000	-227,000	-1,167,000	98,000	89,000	132,000	-404,000	-371,000	126,000	-69,000	227,000	568,000	-636,000			-215,000	619,000	-183,000	119,000	73,000	81,000	164,000	4,000	48,000	65,000	24,000				0
changes in assets and liabilities, net of effects of acquisitions
receivables	19,976,000	18,545,000	-14,845,000	-371,000	-3,828,000	16,263,000	-5,958,000	-1,616,000	20,115,000	-16,144,000	-11,324,000	11,684,000	-32,307,000
prepaid expenses and other assets	-7,115,000	-93,000	-42,000	6,661,000	-357,000	-7,653,000	-177,000	2,486,000	6,815,000	-5,159,000	-1,766,000	6,266,000	1,274,000
inventories	-14,714,000	115,711,000	122,949,000	-19,357,000	16,428,000	280,667,000	127,628,000	-104,353,000	-137,760,000	-117,552,000	-95,716,000	-123,014,000	-140,107,000	-65,195,000	21,974,000	-68,387,000	-69,321,000	2,618,000	20,347,000	-15,551,000	-1,615,000	122,750,000	44,610,000	19,944,000	11,941,000	34,460,000	6,220,000	-61,895,000	-78,254,000	33,700,000	45,211,000	-31,564,000	-42,351,000	62,086,000	-9,767,000	-28,167,000	-3,814,000	120,571,000	77,578,000	4,222,000	9,422,000	124,546,000	63,527,000	8,388,000	522,000	174,043,000	65,864,000	-26,349,000	-41,963,000													6,771,000
manufacturer floorplan payable	4,135,000	-124,719,000	-75,819,000	81,917,000	18,721,000	-161,438,000	-127,389,000	114,019,000	92,084,000	93,143,000	124,062,000	64,647,000	86,259,000	-9,339,000	-26,443,000	54,346,000	51,069,000	-31,568,000	-10,635,000	36,779,000	19,657,000	-63,618,000	-19,740,000	-16,057,000	-10,669,000	-64,031,000	-15,003,000	39,036,000	89,599,000	-31,627,000	-40,233,000	44,572,000	24,653,000	-51,593,000	-10,099,000	56,694,000	51,139,000	-74,520,000	-72,869,000	79,044,000	-26,996,000	-79,300,000	-62,258,000	173,583,000	12,980,000	-88,863,000	-67,846,000	16,665,000	-17,308,000
deferred revenue	-28,456,000	57,734,000	-17,185,000	-17,042,000	-34,375,000	51,265,000	-18,512,000	-27,656,000	-30,670,000	61,883,000	-18,943,000	-34,495,000	-23,987,000	62,128,000	-39,499,000	-37,117,000	-6,413,000
accounts payable, accrued expenses and other and other long-term liabilities	4,362,000	-1,868,000	8,023,000	-8,463,000	16,869,000	-12,544,000	6,575,000	-17,281,000	-5,407,000	-7,459,000	3,780,000	-9,935,000	-4,231,000	-16,583,000	11,832,000	-1,219,000	-7,963,000
net cash from operating activities	-23,092,000	53,568,000	33,990,000	43,699,000	6,195,000	126,486,000	-8,828,000	-15,013,000	-32,354,000	49,781,000	40,634,000	-44,991,000	-77,704,000	17,950,000	13,819,000	-26,274,000	5,321,000	86,641,000	43,714,000	1,605,000	26,956,000	112,182,000	47,779,000	18,477,000	-5,442,000	9,244,000	-1,986,000	-9,155,000	2,852,000	34,879,000	25,813,000	12,939,000	-27,026,000	39,781,000	-10,846,000	25,945,000	40,932,000	66,599,000	13,963,000	85,309,000	-24,874,000	33,123,000	13,192,000	171,263,000	14,306,000	123,613,000	-3,148,000	-24,805,000	-54,602,000													8,320,000						10,463,645
capital expenditures	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0													0						0
free cash flows	-23,092,000	53,568,000	33,990,000	43,699,000	6,195,000	126,486,000	-8,828,000	-15,013,000	-32,354,000	49,781,000	40,634,000	-44,991,000	-77,704,000	17,950,000	13,819,000	-26,274,000	5,321,000	86,641,000	43,714,000	1,605,000	26,956,000	112,182,000	47,779,000	18,477,000	-5,442,000	9,244,000	-1,986,000	-9,155,000	2,852,000	34,879,000	25,813,000	12,939,000	-27,026,000	39,781,000	-10,846,000	25,945,000	40,932,000	66,599,000	13,963,000	85,309,000	-24,874,000	33,123,000	13,192,000	171,263,000	14,306,000	123,613,000	-3,148,000	-24,805,000	-54,602,000													8,320,000						10,463,645
investing activities
property and equipment purchases	-2,544,000	-3,968,000	-2,734,000	-7,667,000	-7,988,000	-21,561,000	-8,110,000	-11,417,000	-10,757,000	-14,779,000	-11,423,000	-15,748,000	-9,599,000	-10,388,000	-8,342,000	-4,422,000	-4,065,000	-5,499,000	-6,646,000	-3,843,000	-7,045,000	-3,580,000	-4,934,000	-2,436,000	-2,036,000	-3,077,000	-4,536,000	-1,497,000	-1,604,000	-1,830,000	-1,847,000	-1,917,000	-692,000	-1,408,000	-4,657,000	-2,897,000	-4,575,000	-2,167,000	-4,371,000	-1,699,000	-1,051,000	-2,357,000	-1,803,000	-1,740,000	-2,170,000	-4,067,000	-3,890,000	-3,171,000	-5,078,000
proceeds from sale of property and equipment	1,567,000	1,079,000	948,000	1,397,000	2,432,000	2,670,000	292,000	248,000	950,000	683,000	422,000	3,179,000	2,850,000	1,646,000	482,000	792,000	836,000	15,379,000	247,000	285,000	135,000	5,797,000	306,000	176,000	313,000	1,029,000	716,000	254,000	416,000	448,000	487,000	203,000	411,000	466,000	2,311,000	1,836,000	417,000	103,000	902,000	491,000	892,000	2,642,000	2,934,000	1,567,000	634,000
proceeds from business divestitures	2,030,000
net cash from investing activities	1,053,000	-5,683,000	7,826,000	-19,618,000	-5,234,000	-18,307,000	-7,972,000	-8,563,000	-12,904,000	-99,321,000	-13,313,000	-24,438,000	-26,300,000	-10,098,000	-103,231,000	-8,792,000	-11,944,000	-26,192,000	-9,604,000	-10,418,000	-8,984,000	1,919,000	-5,422,000	-11,672,000	-5,122,000	-5,714,000	-16,117,000	-6,600,000	-8,038,000	-2,115,000	-18,408,000	-2,723,000	-2,586,000	-5,670,000	-3,556,000	-5,614,000	-9,749,000	-2,109,000			-672,000	234,000	1,129,000	-39,000	-1,450,000	1,947,000	8,435,000	144,000	-6,123,000														-2,995,000	-8,881,000	42,405,000
financing activities
net change in non-manufacturer floorplan payable	28,664,000	-70,604,000	-36,580,000	-10,487,000	-9,146,000	-115,684,000	-975,000	32,523,000	46,442,000	8,795,000	-10,673,000	87,760,000	97,266,000	-9,878,000	-3,504,000	33,716,000	2,000,000	-5,339,000	-7,373,000	-13,590,000	-9,141,000	-65,635,000	-48,008,000	-11,552,000	18,781,000	-12,229,000	12,450,000	37,165,000	12,772,000	-27,078,000	-6,526,000	3,046,000	47,376,000	-24,269,000	23,673,000	-12,546,000	-25,484,000	-62,080,000	12,378,000	-91,973,000	25,117,000	-20,592,000	-10,576,000	-160,743,000	-30,001,000	-42,118,000	-17,558,000	35,485,000	65,305,000																13,447,000
proceeds from long-term debt borrowings		9,436,000	14,441,000	142,000	1,318,000	24,852,000				11,878,000	1,218,000	1,372,000	5,131,000	0	0	0	8,415,000	3,968,000	-71,000	-11,000	6,462,000	0	4,214,000	0	1,112,000	1,489,000	10,079,000	11,413,000	373,000	69,000			6,000	1,000	0	12,885,000	20,115,000					13,819,000	39,030,000	19,247,000	811,000	63,126,000	44,042,000	0	5,832,000	82,234,000	30,571,000	30,448,000	665,000	67,008,000	26,428,000	1,300,000				1,770,000	4,414,000	257,000	182,000	15,759,000	4,629,000
principal payments on long-term debt and finance leases	-4,256,000	-6,675,000	-3,565,000	-3,824,000	-7,253,000	-3,752,000	-2,895,000	-9,286,000	-2,567,000	-2,360,000	-1,984,000	-5,494,000	-3,207,000	-2,041,000	-1,717,000	-2,136,000	-1,743,000	-2,619,000	-1,476,000	-1,936,000	-3,181,000		-1,465,000	-1,643,000	-1,309,000		-1,257,000	-1,062,000	-878,000
net cash from financing activities	23,449,000	-67,975,000	-25,769,000	-14,180,000	-15,781,000	-94,587,000	8,557,000	19,330,000	43,081,000	18,309,000	-11,551,000	83,623,000	98,196,000	-12,374,000	-5,230,000	31,574,000	7,989,000	-4,020,000	-8,942,000	-15,539,000	-6,834,000	-77,160,000	-45,298,000	-13,195,000	17,714,000	-12,033,000	21,255,000	1,872,000	11,775,000	-28,036,000	-4,408,000	-17,633,000	33,350,000	-24,527,000	635,000	-19,407,000	-28,167,000	-63,338,000	-9,246,000	-94,842,000	-550,000	-22,021,000	-31,208,000	-180,407,000	-35,320,000	-107,566,000	15,770,000	32,375,000	68,425,000	-67,567,000	64,041,000	37,389,000	5,940,000	77,126,000	102,267,000	77,924,000	107,840,000	118,844,000	19,100,000	20,367,000			5,057,000	22,203,000	16,612,000
effect of exchange rate changes on cash	4,000	-536,000	68,000	1,260,000	436,000	-1,114,000	444,000	-219,000	-205,000	-684,000	1,446,000	214,000	252,000	2,583,000	-1,563,000	-1,546,000	-420,000	-820,000	-212,000	207,000	-399,000	241,000	265,000	39,000	-36,000	-196,000	-249,000	69,000	-3,000	-226,000	-427,000	-164,000	120,000	-49,000	102,000	361,000	74,000	-432,000	51,000	-242,000	413,000	-280,000	-120,000	244,000	-709,000	-688,000	-548,000	-12,000	69,000
net change in cash	1,414,000	-20,626,000	16,115,000	11,161,000	-14,384,000	12,478,000	-7,799,000	-4,465,000	-2,382,000	-31,915,000	17,216,000	14,408,000	-5,556,000	-1,939,000	-96,205,000	-5,038,000	946,000	55,609,000	24,956,000	-24,145,000	10,739,000	37,182,000	-2,676,000	-6,351,000	7,114,000	-8,699,000	2,903,000	-13,814,000	6,586,000	4,502,000	2,570,000	-7,581,000	3,858,000	9,535,000	-13,665,000	1,285,000	3,090,000	720,000	1,341,000	-12,692,000	-25,683,000	11,056,000	-17,007,000	-8,939,000	-23,173,000	17,306,000	20,509,000	7,702,000	7,769,000
cash at beginning of period	28,164,000	0	0	0	35,898,000	0	0	0	38,066,000	0	0	0	43,913,000	0	0	0	146,149,000	0	0	0	78,990,000	0	0	0	43,721,000	0	0	0	56,745,000	0	0	0	53,396,000	0	0	0	53,151,000	0	0	0	89,465,000	0	0	0	127,528,000	0	0	0	74,242,000
cash at end of period	29,578,000	-20,626,000	16,115,000	11,161,000	21,514,000	12,478,000	-7,799,000	-4,465,000	35,684,000	-31,915,000	17,216,000	14,408,000	38,357,000	-1,939,000	-96,205,000	-5,038,000	147,095,000	55,609,000	24,956,000	-24,145,000	89,729,000	37,182,000	-2,676,000	-6,351,000	50,835,000	-8,699,000	2,903,000	-13,814,000	63,331,000	4,502,000	2,570,000	-7,581,000	57,254,000	9,535,000	-13,665,000	1,285,000	56,241,000	720,000	1,341,000	-12,692,000	63,782,000	11,056,000	-17,007,000	-8,939,000	104,355,000	17,306,000	20,509,000	7,702,000	82,011,000
supplemental disclosures of cash flow information
cash paid during the period
income taxes, net of refunds	-2,234,000	-500,000	-1,908,000	-19,000	578,000	677,000	-825,000	5,669,000	1,043,000	10,954,000	13,675,000	15,131,000	84,000	10,864,000	4,595,000	11,014,000	102,000	816,000	4,752,000	17,125,000	253,000	2,755,000	259,000	-593,000	365,000	-1,278,000	1,870,000	2,547,000	517,000	1,019,000	1,517,000	239,000	906,000					-144,000	-27,000	-9,588,000	-3,327,000	2,041,000	1,190,000	0	4,093,000	570,000	2,065,000	-239,000	3,973,000							1,165,000									646,000
interest	7,921,000	9,834,000	11,023,000	11,180,000	10,843,000	14,390,000	12,491,000	11,950,000	9,458,000	8,897,000	5,103,000	3,287,000	2,090,000	1,924,000	1,744,000	1,465,000	1,386,000	1,308,000	1,294,000	1,393,000	1,404,000	1,542,000	1,710,000	1,841,000	2,262,000	2,525,000	2,457,000	2,993,000	1,712,000	2,099,000	3,523,000	3,488,000	1,954,000	2,380,000	4,014,000	3,811,000	3,429,000	5,238,000	4,460,000	6,417,000	4,667,000	7,348,000	5,091,000	5,717,000	7,684,000	9,046,000	7,168,000	8,355,000	5,475,000							3,556,000									996,000
supplemental disclosures of noncash investing and financing activities
net change in property and equipment included in long-term debt, leases, accounts payable and accrued liabilities	403,000
net transfer of assets to property and equipment from inventories	-6,638,000		-1,810,000	-80,000	416,000		-425,000	-6,455,000	-746,000		832,000	-297,000	-935,000																																	-1,687,000	2,597,000	5,256,000	1,962,000							15,966,000
net income		-36,168,000	1,198,000	-6,000,000	-13,204,000	-43,761,000	1,714,000	-4,305,000	9,441,000	23,962,000	30,192,000	31,322,000	26,965,000	18,112,000	41,257,000	24,959,000	17,540,000	22,435,000	21,816,000	11,249,000	10,547,000	782,000	9,912,000	6,400,000	2,262,000	673,000	8,214,000				10,775,000																										12,800,000	6,291,000	7,268,000	7,706,000	2,714,000	1,559,000	5,733,000	4,851,000	1,790,000	8,184,901	3,332,491	3,387,127
adjustments to reconcile net income to net cash from operating activities
impairment of goodwill, intangible assets and long lived assets
sale-leaseback financing expense
loss on extinguishment of debt
rental fleet purchases							-153,000	2,607,000	-2,968,000	-5,658,000	-2,464,000	-1,361,000	-1,329,000	-1,393,000	-2,581,000	-4,974,000	-1,046,000	-2,435,000	-3,213,000	-6,865,000	-2,081,000	-304,000	-798,000	-2,623,000	-3,378,000	-1,537,000	-3,516,000	-5,363,000	-3,886,000	-1,001,000	-1,519,000	-1,024,000	-2,121,000	-794,000	-1,562,000	-4,610,000	-5,612,000	-43,000	-938,000	-1,595,000	-561,000	-49,000	-42,000	-138,000	-112,000	-304,000	0	127,000	-629,000
acquisition consideration, net of cash acquired		-6,426,000	0			0	0	0	-260,000	-79,613,000	0	-10,472,000	-17,463,000	0	-92,796,000	0	-7,675,000					0	0			-2,135,000	-8,780,000	0	-2,972,000	0
proceeds from sale of business
payment of debt issuance costs		-85,000				-110,000	-9,000																-30,000	0	-670,000									0				-3,000				-16,000
finance lease debt to acquire finance asset
net transfer of assets from (to) property and equipment to (from) inventories														919,000	-1,837,000	-1,958,000	-891,000		899,000	969,000	300,000		2,412,000	1,207,000	-888,000
asset transferred from property and equipment to held for sale
sale-leaseback finance modification expense							0
gain on extinguishment of debt							0
net property and equipment financed with long-term debt, finance leases, accounts payable and accrued liabilities			725,000	-661,000	-1,680,000		4,069,000	7,907,000	508,000		304,000	3,702,000	1,473,000		2,769,000	1,420,000	1,247,000		6,781,000	-6,749,000	15,763,000		3,910,000	2,560,000	2,085,000		1,519,000	272,000	5,861,000
long-term debt to acquire finance leases							0							0	343,000			3,239,000	307,000
net property and equipment financed with long-term debt, leases, accounts payable and accrued liabilities
gain on sale of property and equipment
net property and equipment financed with long-term debt, capital leases, accounts payable and accrued liabilities
gain on sale of property & equipment
changes in assets and liabilities
receivables, prepaid expenses and other assets														9,718,000	-5,276,000	-8,002,000	13,446,000	-18,574,000	-6,079,000	-11,361,000	-1,023,000	-10,000	1,132,000	4,472,000	-1,125,000	10,847,000	-2,481,000	3,444,000	-5,593,000	-2,433,000	5,075,000	-12,314,000	-3,803,000	8,782,000	-7,444,000	-2,623,000	283,000	16,185,000	-14,339,000	-8,433,000	4,702,000	14,498,000	3,532,000	-7,229,000	13,525,000	30,376,000	-25,331,000	-1,221,000	21,571,000	11,522,000	-23,760,000	-9,282,000	34,587,000		-9,896,000	27,590,000
impairment of intangible and long-lived assets
numerator:
allocation to participating securities
net income attributable to titan machinery inc. common stockholders
denominator:
basic weighted-average common shares outstanding
plus: incremental shares from vesting of restricted stock units
diluted weighted-average common shares outstanding
earnings per share:
basic
diluted
accounts payable, deferred revenue, accrued expenses and other and other long-term liabilities																		28,219,000	13,095,000	-26,187,000	-5,440,000	51,760,000	-415,000	-1,221,000	-13,919,000	18,807,000	-8,335,000	-3,073,000	-9,289,000	28,338,000
operating lease liability
principal payments on senior convertible notes																										0	0
net transfer of assets from property and equipment to inventories																														787,000	1,761,000	4,568,000	-1,853,000	6,619,000	-1,105,000	-705,000	-1,200,000		-6,476,000
operating lease liabilities																			-2,816,000	-2,751,000	-2,736,000		-3,092,000	-3,065,000	-3,091,000		-3,087,000	-3,260,000	-3,126,000
impairment of long-lived assets
loss on repurchase of senior convertible notes																														0	0
principal payments on long-term debt																														-1,014,000	-1,040,000	-637,000	-13,425,000	-665,000	-13,399,000	-20,387,000	-2,335,000	-15,264,000	-586,000	-823,000	-526,000	-15,411,000	-56,997,000	-38,781,000	-5,687,000	-124,575,000	-10,595,000	-3,053,000	-2,505,000
business combination assets acquired through direct financing
net transfer of assets to (from) property and equipment from (to) inventories																												-2,624,000	-371,000												-1,882,000	1,831,000	1,128,000	158,000	-7,029,000
net income including noncontrolling interest																																							264,000	-2,702,000	-3,858,000					-28,062,000	2,313,000	-3,129,000	-4,539,000	-1,018,000	5,758,000	3,967,000	-603,000	14,359,000	5,305,000	7,459,000
adjustments to reconcile net income including noncontrolling interest to net cash from operating activities
proceeds from insurance recoveries																																						0
repurchase of senior convertible notes																														0	0			0	-9,753,000	0	-19,340,000	0	-21,030,000	0	-24,983,000
loan provided to non-controlling interest holder																																						0
acquisition of non-controlling interest through satisfaction of outstanding receivables																																						0
income taxes																															-690,000	798,000	-992,000	1,195,000	6,484,000	-342,000	80,000	-657,000	-237,000	7,413,000	781,000	-10,081,000	1,230,000	-849,000	-6,577,000	5,340,000	1,457,000	2,414,000	-5,663,000					3,634,000	1,151,000	3,373,000				2,623,000	1,480,000	604,000	-25,000	2,509,000	533,000	3,337,083	-1,890,355	2,314,749
net property and equipment financed with capital leases and current liabilities
accounts payable, customer deposits, accrued expenses and other and other long-term liabilities																																-4,025,000	-9,252,000		-2,766,000	1,182,000	-5,744,000
net property and equipment financed with long-term debt, capital leases, accounts payable and accrued expenses and other
net property and equipment financed with long-term debt, accounts payable and accrued expenses and other																																	836,000		-533,000	908,000	354,000
net loss including noncontrolling interest																																		1,685,000	2,384,000	-5,186,000	-5,932,000						3,483,000	170,000	-6,890,000
adjustments to reconcile net loss including noncontrolling interest to net cash from operating activities
gain on repurchase of senior convertible notes																																		0	18,000	0	-40,000	0	-1,028,000	0	-2,102,000
accounts payable, customer deposits, accrued expenses and other long-term liabilities																																						4,370,000	15,727,000	-3,381,000	-14,892,000	13,527,000	-6,401,000	-12,352,000	-9,092,000	2,131,000	6,618,000	-23,713,000	-14,639,000								8,659,000	-10,404,000	16,383,000			190,000
net property and equipment financed with long-term debt, accounts payable and accrued liabilities																																						-322,000	437,000	1,440,000	941,000	11,409,000	135,000	535,000	77,000	-633,000	494,000	2,868,000	1,100,000
long-term debt extinguished upon sale of property and equipment																																										0	0
unrealized foreign currency gain on loans to international subsidiaries																																			214,000
income tax refunds, net of payments
unrealized foreign currency loss on loans to international subsidiaries																																					-84,000	326,000	369,000	429,000	-842,000	-957,000	-38,000	716,000	100,000	3,112,000
impairment of goodwill, intangible assets and long-lived assets
purchase of equipment dealerships, net of cash purchased																																														0
proceeds upon settlement of net investment hedge derivative instruments																																										0	0	157,000	180,000
payments upon settlement of net investment hedge derivative instruments																																										0
net cash from for investing activities
loan provided to noncontrolling interest holder
acquisition of noncontrolling interest through satisfaction of outstanding receivables
payment on other long-term liabilities
changes in assets and liabilities, net of purchase of equipment dealerships assets and assumption of liabilities
proceeds from senior convertible notes offering, net of direct issuance costs of 4,753																																																						0	0	145,247,000
payments on other long-term liabilities
proceeds from sale of subsidiary shares to noncontrolling interest holders																																																						0	0	2,464,000
net proceeds from sale of property and equipment																																															10,689,000	1,973,000	471,000	6,115,000	10,182,000	178,000	237,000	3,088,000	873,000	61,000
proceeds from net investment hedge derivative instruments
settlement of net investment hedge derivative instruments
proceeds from follow-on offering of common stock, net of underwriting discount of 4,166 and other direct costs of 286																																																									0
net property and equipment financed with long-term debt
net transfer of financing to long-term debt from floorplan payable
floorplan notes payable																																																			10,273,000	135,317,000	5,541,000				4,499,000	-535,000	4,253,000				2,155,000	1,659,000	1,330,000			783,007
proceeds from senior convertible notes offering, net of direct issuance costs of 4,753 for the nine months ended october 31, 2012
net change in non-manufacturer floorplan notes payable																																																			73,813,000	13,109,000	8,408,000	63,618,000			88,481,000	51,486,000	22,731,000	21,735,000	22,740,000	704,000	8,479,000
effect of exchange rate changes on cash equivalents
net change in cash and cash equivalents																																																						-10,841,000	19,792,000	26,875,000	-4,304,000	20,587,000	5,495,000			5,149,000	-3,605,000	7,267,000	37,667,000
cash and cash equivalents at beginning of period																																																			0	0	124,360,000	0	0	79,842,000	0	0	76,112,000	0	0	76,185,000	0	0	41,047,000	0	0	42,802,505
cash and cash equivalents at end of period																																																			10,961,000	-11,845,000	114,252,000	-10,841,000	19,792,000	106,717,000	-4,304,000	20,587,000	81,607,000	4,541,000	-19,873,000	81,334,000	-3,605,000	7,267,000	78,714,000	-45,124,804	45,017,297	41,968,933
adjustments to reconcile net income to net cash used for operating activities
purchase of equipment dealerships, net of cash acquired
effect of exchange rate changes on cash and cash equivalents																																																								86,000
property and equipment financed with long-term debt																																																								10,514,000
net transfer of financing to long-term debt from floorplan notes payable
net proceeds from sale of equipment																																																									2,602,000	-5,000	647,000	285,000	315,000	119,000	148,000	-101,000	291,000	141,475	-10,854	157,485
short-term advances related to customer contracts in transit																																																											356,000				-1,371,000
debt issuance costs
adjustments to reconcile net income to net cash used for operations
net change in u.s. treasury bills
adjustments to reconcile net income to net cash from operations
payment for intangible asset
proceeds from follow-on offering of common stock net of underwriting discount of 4,389 and other direct costs of 396
principal payments on long-term debt and subordinated debentures
receivables and prepaid expenses
sales of u.s. treasury bills, net of purchases																																																																0	44,994,000
proceeds from follow-on offering of common stock net of underwriting discount of 4,389 and other direct costs of 354
stock based compensation expense																																																																	194,000	178,617	172,279	136,800
depreciation																																																																		1,008,157	928,401	833,881
amortization																																																																		57,086	91,519	19,672
gain on sale of equipment
prepaid expenses
net change in other assets
accounts payable																																																																		1,474,298	-1,016,599	4,545,080
other long-term liabilities																																																																		1,247,838	531,266	702,254
customer deposits																																																																			3,394,427	6,252,490
accrued expenses																																																																		1,683,302
net cash provided by operating activities																																																																		8,512,308
purchase of u.s. treasury bills, net of sales
net cash used for investing activities
proceeds from follow-on offering of common stock net of underwriting discount of 4,389,000 and other direct costs of 396,166
proceeds from long-term debt borrowings and subordinated debentures																																																																		126,864	506,554	58,013
net cash provided by financing activities
proceeds from follow-on offering of common stock net of underwriting discount of 4,389,000 and other direct costs of 354,301
net change in non-manufacturer floor plan payable
net cash provided by (used for) financing activities
changes in assets and liabilities, net of purchase of agricultural dealerships assets and assumption of liabilities
net change in subordinated debt interest accrual
net cash used for financing activities
stock compensation expense
credit plan reserves and other
floor plan notes payable
purchase of equipment dealerships net of cash purchased
proceeds from fixed asset financing-acquisitions
net change in other long term liabilities
proceeds from issuance of warrants

Titan Machinery Inc(NASDAQ:TITN)

Titan Machinery Inc
(NASDAQ:TITN)