TITN (TITN) financial statements
TITN reported revenue of $2.4B in fiscal 2026, up 8.1% a year over 9 years.
Net income was -$54M and the operating margin -0.3%, against -0.2% in 2017.
The diluted share count rose 7% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from TITN's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.3B | $1.3B | $1.4B | $1.7B | $2.2B | $2.8B | $2.7B | $2.4B |
| Cost of revenue | $988M | $977M | $1.0B | $1.1B | $1.1B | $1.4B | $1.8B | $2.2B | $2.3B | $2.0B |
| Gross profit | $214M | $215M | $232M | $251M | $261M | $333M | $440M | $531M | $396M | $383M |
| Operating income | -$2M | $925,000 | $27M | $21M | $37M | $90M | $138M | $169M | $4M | -$7M |
| Interest expense | $8M | $9M | $8M | $4M | $7M | $6M | $7M | — | $10M | $0 |
| Pre-tax income | -$23M | -$14M | $16M | $15M | $31M | $87M | $135M | $151M | -$50M | -$45M |
| Income tax | -$8M | -$7M | $4M | $699,000 | $11M | $21M | $33M | $39M | -$13M | $9M |
| Net income | -$14M | -$7M | $12M | $14M | $19M | $66M | $102M | $112M | -$37M | -$54M |
| EPS (diluted) | -$0.65 | -$0.32 | $0.55 | $0.63 | $0.86 | $2.92 | $4.49 | $4.93 | -$1.63 | -$2.38 |
| Diluted shares | 21M | 22M | 22M | 22M | 22M | 22M | 22M | 22M | 23M | 23M |
| Gross margin | 17.8% | 18.1% | 18.4% | 19.2% | 18.5% | 19.4% | 19.9% | 19.3% | 14.6% | 15.8% |
| Operating margin | -0.2% | 0.1% | 2.2% | 1.6% | 2.7% | 5.3% | 6.3% | 6.1% | 0.1% | -0.3% |
| Net margin | -1.2% | -0.6% | 1.0% | 1.1% | 1.4% | 3.9% | 4.6% | 4.1% | -1.4% | -2.2% |
Balance sheet
Fiscal years, from TITN's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $53M | $53M | $57M | $44M | $79M | $146M | $44M | $38M | $36M | $28M |
| Receivables | $60M | $61M | $78M | $73M | $69M | $94M | $96M | $154M | $120M | $127M |
| Inventory | $478M | $472M | $491M | $597M | $418M | $422M | $704M | $1.3B | $1.1B | $903M |
| Total current assets | $608M | $599M | $641M | $728M | $580M | $690M | $869M | $1.5B | $1.3B | $1.1B |
| Property, plant and equipment | $157M | $151M | $139M | $146M | $147M | $178M | $218M | $299M | $380M | $361M |
| Goodwill | $0 | $250,000 | $1M | $2M | $1M | $9M | $31M | $64M | $61M | $66M |
| Total assets | $771M | $760M | $792M | $975M | $816M | $947M | $1.2B | $2.0B | $1.8B | $1.6B |
| Total current liabilities | $309M | $328M | $420M | $494M | $318M | $375M | $498M | $1.2B | $961M | $772M |
| Long-term debt | — | — | — | — | $45M | $75M | $90M | $106M | $158M | $159M |
| Total liabilities | $450M | $438M | $457M | $630M | $471M | $511M | $652M | $1.3B | $1.2B | $1.0B |
| Shareholders' equity | $321M | $322M | $335M | $345M | $345M | $435M | $536M | $658M | $614M | $579M |
| Net debt | -$53M | -$53M | -$57M | -$44M | -$29M | -$66M | $53M | $82M | $133M | $152M |
Cash flow
Fiscal years, from TITN's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $141M | $96M | $47M | $955,000 | $173M | $159M | $11M | -$32M | $70M | $137M |
| Capital spending | $9M | $14M | $6M | $11M | — | — | — | — | — | — |
| Free cash flow | $132M | $82M | $40M | -$10M | — | — | — | — | — | — |
| Stock-based compensation | $2M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $4M | $6M |
| Net borrowing | -$3M | -$4M | -$13M | $19M | $5M | $10M | $8M | $20M | $37M | $25M |
| Free cash flow margin | 11.0% | 6.9% | 3.2% | -0.7% | — | — | — | — | — | — |
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What was TITN's revenue in 2026?
$2.4B in fiscal 2026, from its 10-K filing.
From TITN's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.