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Jan 31
Titan Machinery Q4 2025 Earnings Report
Titan Machinery reported a net loss in Q4 2025 driven by aggressive inventory reduction efforts and lower equipment margins.
Key Takeaways
Titan Machinery posted Q4 2025 revenue of $759.92 million, down 10.8% year-over-year. The company reported a net loss of $43.76 million and an adjusted net loss of $44.89 million. EPS came in at a loss of $1.93, with adjusted diluted EPS at a loss of $1.88. Adjusted EBITDA was negative $46.02 million as the company accelerated inventory reductions in a softer demand environment.
Q4 2025 revenue was $759.92 million, down 10.8% year-over-year.
Net loss totaled $43.76 million compared to net income of $23.96 million in Q4 2024.
GAAP EPS was a loss of $1.93, with adjusted diluted EPS at a loss of $1.88.
Gross profit margin dropped to 6.7% from 16.6% in the prior-year quarter.
Titan Machinery
Titan Machinery
Titan Machinery Revenue by Segment
Titan Machinery Revenue by Geographic Location
Revenue by Segment
Agriculture Revenue
CapyFin.comConstruction Revenue
CapyFin.comAustralia Revenue
CapyFin.comRevenue by Geographic Location
Australia Revenue
CapyFin.com Forward Guidance
For fiscal 2026, Titan Machinery anticipates revenue declines in key segments, with agriculture down 20-25%, construction down 5-10%, Europe flat to up 5%, and Australia down 15-20%. Adjusted diluted loss per share is expected between $1.25 and $2.00.
Positive Outlook
- Continued progress on inventory reduction initiatives.
- Planned optimization of product mix to meet changing demand.
- Efforts to stabilize equipment margins moving into fiscal 2026.
- Further cost controls and strategic inventory management.
- Positioning for profitability recovery by fiscal 2027.
Challenges Ahead
- Anticipated 30% decline in North American large agriculture equipment demand.
- Continued margin pressure due to inventory reduction actions.
- Subdued demand environment across key markets.
- Potential volatility in foreign currency affecting international segments.
- High interest rates and lower farm income impacting customer demand.
Revenue & Expenses
Visualization of income flow from segment revenue to net income