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Titan International TWI Earthmoving/Construction — Research and development expenses

Other segment segments

Agriculture
$1.49M+9.7%
Consumer
$1.01M+13.3%

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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:ResearchAndDevelopmentExpense.

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 itemAgricultureEarthmoving/ConstructionConsumerTotal
Cost of sales174,330141,425117,869433,624
Gross profit$24,015$18,089$29,345$71,449
Selling, general and administrative expenses13,48613,05618,67345,215
Research and development expenses1,4862,2591,0064,751
Royalty expense1,5503844762,410
Restructuring and impairment expenses25,14225,142
Segment profit (loss)$7,493$2,390$(15,952)$(6,069)
Corporate & unallocated expenses(7,716)

Item 1. Financial Statements (Unaudited)

FAQ

What is Titan International's earthmoving/construction — research and development expenses?
Titan International (TWI) reported earthmoving/construction — research and development expenses of $2.26M in Q1 2026.
How has Titan International's earthmoving/construction — research and development expenses changed year-over-year?
Titan International's earthmoving/construction — research and development expenses increased by 22.2% year-over-year, from $1.85M to $2.26M.
What is the long-term trend for Titan International's earthmoving/construction — research and development expenses?
Over 3 years (2022 to 2025), Titan International's earthmoving/construction — research and development expenses has grown at a 6.8% compound annual growth rate (CAGR), from $5.74M to $6.98M.
What does earthmoving/construction — research and development expenses mean?
Reflects the investments made by the Earthmoving and Construction segment into new product development, engineering enhancements, and technological innovation. This metric indicates the company's commitment to maintaining a competitive edge through product differentiation and long-term innovation. High levels of investment may signal future growth potential despite current impact on operating margins.

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