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Titan International TWI Royalty expense

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Segments

By segment

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Agriculture$1.55M-4.1%
Consumer$476K-1.2%
Earthmoving/Construction$384K+10.7%

Other financials

Income statement

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Revenue$505.1M+2.9%
Gross profit$71.4M+4.1%
Operating income-$13.8M-217%
Net income-$24.2M-3,631%
EPS (diluted)-$0.38-3,700%

Balance sheet

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Cash & equivalents$171.3M-1.8%
Total debt$772.8M+7.1%
Total equity$494.9M-7.4%
Total assets$1.7B-0.4%

Cash flow

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Operating cash flow-$46.5M-20.6%
CapEx$13.3M-11.8%
Free cash flow-$59.8M-11.5%

Valuation

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Market cap$456.96M-13.0%
Enterprise value$1.06B-1.8%
P/S0.3×0.0×

Profitability

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Gross margin13.9%+0.5pp
Operating margin3.8%-4.9pp
Net margin-4.7%
FCF margin2.2%-3.0pp

Returns & leverage

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Return on equity-16.9%
Debt / equity1.6×+0.2×
Current ratio2.2×-0.1×

Where this comes from

Reported directly by Titan International in its filing.

Tagged under the XBRL concept us-gaap:RoyaltyExpense.

The source filing: Titan International’s 10-Q, filed April 30, 2026.

Filed
Apr 29, 2026, 6:18 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000899751-26-000041
Line itemThree months ended / March 31, 20262025
Gross profit71,44968,644
Selling, general, and administrative expenses52,39849,855
Research and development expenses5,2844,544
Royalty expense2,4102,446
Restructuring and impairment expenses25,142
(Loss) income from operations(13,785)11,799
Interest expense(9,887)(9,535)
Interest income2,1992,239

Item 1. Financial Statements (Unaudited)

FAQ

What is Titan International's royalty expense?
Titan International (TWI) reported royalty expense of $2.41M in Q1 2026.
How has Titan International's royalty expense changed year-over-year?
Titan International's royalty expense decreased by 1.5% year-over-year, from $2.45M to $2.41M.
What is the long-term trend for Titan International's royalty expense?
Over 4 years (2021 to 2025), Titan International's royalty expense has grown at a 1.4% compound annual growth rate (CAGR), from $10.49M to $11.11M.
What does royalty expense mean?
This metric captures the periodic payments made to third parties for the right to use intellectual property, patents, trademarks, or proprietary technologies. It reflects the cost of leveraging external innovation or brand assets to support core business operations. Analyzing this expense helps investors understand the company's reliance on licensed technology versus internally developed capabilities and its impact on operating margins.

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