Titan Machinery Balance Sheet

Financials in millions USD. Fiscal year is February - January.

Millions USD. Fiscal year is Feb - Jan.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022	Jan '21 Jan 31, 2021
Cash & Equivalents	48.79	35.9	38.07	43.91	146.15	78.99
Cash & Short-Term Investments	48.79	35.9	38.07	43.91	146.15	78.99
Cash Growth	108.33%	-5.70%	-13.31%	-69.95%	85.02%	80.67%
Accounts Receivable	123.73	93.18	134.26	79.24	66.25	58.62
Other Receivables	23.01	26.64	19.4	16.61	28.04	10.49
Receivables	146.73	119.81	153.66	95.84	94.29	69.11
Inventory	1,011	1,109	1,303	703.94	421.76	418.46
Prepaid Expenses	21.84	28.24	24.26	25.55	28.14	13.68
Total Current Assets	1,228	1,293	1,519	869.25	690.33	580.23
Property, Plant & Equipment	419.33	407.63	353.47	267.99	234.39	221.61
Goodwill	63.91	61.25	64.11	30.62	8.95	1.43
Other Intangible Assets	48.45	48.31	53.36	18.41	10.62	7.79
Long-Term Deferred Tax Assets	8.9	2.55	0.53	1.25	1.33	3.64
Other Long-Term Assets	0.67	1.58	1.78	1.18	1.04	1.09
Total Assets	1,769	1,814	1,992	1,189	946.67	815.79
Accounts Payable	46.29	37.17	43.85	40.83	25.64	20.05
Accrued Expenses	60.83	45.67	56.66	54.52	43.55	33.02
Short-Term Debt	739.62	755.7	893.85	258.37	135.42	161.84
Current Portion of Long-Term Debt	21.8	10.92	13.71	7.24	5.88	4.59
Current Portion of Leases	11.38	7.43	11.31	9.86	17.07	21.6
Current Income Taxes Payable	-	-	-	-	4.7	11.05
Current Unearned Revenue	24.13	91.93	115.85	119.85	134.15	59.42
Other Current Liabilities	-	12.14	17.18	7.49	8.32	5.95
Total Current Liabilities	904.06	960.96	1,152	498.15	374.72	317.5
Long-Term Debt	145.16	157.77	106.41	78.7	62.39	28.4
Long-Term Leases	95.06	70.48	52.37	61.63	69.5	92.98
Long-Term Deferred Tax Liabilities	7.38	8.82	22.61	9.56	2.01	-
Other Long-Term Liabilities	5.08	1.84	0.83	4.35	2.86	5.62
Total Liabilities	1,157	1,200	1,335	652.39	511.47	444.51
Additional Paid-In Capital	265.61	262.1	258.66	256.54	254.46	252.91
Retained Earnings	342.31	360.31	397.23	284.78	182.92	116.87
Comprehensive Income & Other	4.71	-8.33	1.76	-5.02	-2.17	1.5
Total Common Equity	612.63	614.08	657.64	536.31	435.2	371.28
Shareholders' Equity	612.63	614.08	657.64	536.31	435.2	371.28
Total Liabilities & Equity	1,769	1,814	1,992	1,189	946.67	815.79
Total Debt	1,013	1,002	1,078	415.79	290.24	309.41
Net Cash (Debt)	-964.23	-966.4	-1,040	-371.88	-144.09	-230.42
Net Cash Per Share	-42.46	-42.75	-46.21	-16.62	-6.48	-10.42
Filing Date Shares Outstanding	22.88	22.63	22.51	22.42	22.28	22.13
Total Common Shares Outstanding	22.88	22.63	22.51	22.42	22.28	22.13
Working Capital	324.05	331.67	366.61	371.1	315.61	262.73
Book Value Per Share	26.78	27.13	29.21	23.92	19.53	16.78
Tangible Book Value	500.27	504.53	540.18	487.27	415.62	362.06
Tangible Book Value Per Share	21.87	22.29	24.00	21.74	18.65	16.36
Land	293.2	242.53	202.05	137.47	112.58	75.3
Machinery	189.88	182.55	193.46	161.28	131.7	122.92

Source: S&P Global Market Intelligence. Standard template. Financial Sources.