Filing Flows › Titan Machinery (TITN) › Q1 FY26
Titan Machinery (TITN) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 5, 2025
Titan Machinery (TITN) reported revenue of $594M for the first quarter fiscal 2026 (Q1 FY26), -5% from a year earlier and -22% from the quarter before. Operating margin was -1.0%, net loss $13.2M (2.2% of revenue).
Titan Machinery, Q1 FY26: revenue $594M (-6% year over year), operating margin -1.0%, net loss $13.2M, operating cash flow $6.2M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $594M | -22% | -5% |
| Operating profit | −$5.7M | — | — |
| Net earnings | −$13.2M | — | — |
| Operating cash flow | $6.2M | -95% | — |
What changed
Revenue was $594.3M in Q1 FY26, down 5% year over year and down 22% from the previous quarter. Equipment was the largest line at 74% of revenue. Equipment lost $31.2M year over year (down 7%), 91% of the total change.
Gross margin was 15.3%, down 4.1 points from a year earlier. Operating costs exceeded revenue by $5.7M, an operating margin of -1.0%. Operating expenses fell 3% while revenue fell 5%. The quarter ended with a net loss of $13.2M, narrower than the previous quarter's $43.8M loss. Net interest and other expense of $11.5M was the main reason.
Operating cash flow was $6.2M. Non-cash charges added back $8.9M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items added $8.9M.
Questions
What was Titan Machinery's revenue in the first quarter fiscal 2026?
Titan Machinery (TITN) reported revenue of $594M for the first quarter fiscal 2026 (Q1 FY26), -5% from a year earlier and -22% from the quarter before.
Was Titan Machinery profitable in the first quarter fiscal 2026?
Operating loss was $5.7M (-1.0% of revenue) and net loss $13.2M.
Source: Titan Machinery 10-Q on SEC EDGAR.