Titan Machinery Q4 2025 Earnings Report
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
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