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Titan Machinery TITN Equipment — Cost of Revenue

Other product segments

Parts
$72.39M-0.9%
Other Revenue
$35.15M+7.7%
Service
$17.3M+4.1%

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Other financials

Income statement

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Revenue$522.4M-12.1%
Gross profit$89.3M-1.8%
Operating income-$5.6M+2.3%
Net income-$12.6M+4.5%
EPS (diluted)-$0.55+5.2%

Balance sheet

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Cash & equivalents$29.6M+37.5%
Total debt$269.3M+11.3%
Total equity$566.5M-6.4%
Total assets$1.6B-10.2%

Cash flow

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Operating cash flow-$23.1M-473%
CapEx--100%
Free cash flow$34.0M+478%

Valuation

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Market cap$426.2M-2.6%
Enterprise value$665.94M+0.2%
P/S0.2×0.0×

Profitability

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Gross margin16.2%+2.5pp
Operating margin-0.3%
Net margin-2.3%0.0pp
FCF margin6.9%

Returns & leverage

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Return on equity-9.1%-0.2pp
Debt / equity0.5×+0.1×
Current ratio1.4×0.0×

Where this comes from

Reported directly by Titan Machinery in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Titan Machinery’s 10-Q, filed June 9, 2026.

Filed
Jun 9, 2026, 12:41 PM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q2 2026
Accession
0001628280-26-041821
Line itemThree Months Ended April 30, 2026Three Months Ended April 30, 2025
Rental and other10,2067,850
Total Revenue522,381594,336
Cost of Revenue
Equipment336,157407,349
Parts72,39173,080
Service17,29716,609
Rental and other7,2536,363
Total Cost of Revenue433,098503,401

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Titan Machinery's equipment — cost of revenue?
Titan Machinery (TITN) reported equipment — cost of revenue of $336.16M in Q1 2026.
How has Titan Machinery's equipment — cost of revenue changed year-over-year?
Titan Machinery's equipment — cost of revenue decreased by 17.5% year-over-year, from $407.35M to $336.16M.
What is the long-term trend for Titan Machinery's equipment — cost of revenue?
Over 4 years (2022 to 2026), Titan Machinery's equipment — cost of revenue has grown at a 9.8% compound annual growth rate (CAGR), from $1.13B to $1.65B.
What does equipment — cost of revenue mean?
This metric captures the direct costs associated with acquiring, preparing, and delivering the agricultural and construction equipment sold by the segment. It includes expenses such as inventory procurement, freight, and direct labor required to ready machinery for sale. Analyzing this cost structure is essential for evaluating the segment's gross margin efficiency and supply chain management.

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