Titan Machinery Q2 loss widens to -$9.2M as revenue falls 9.2%; covenant waivers renewed

Filed September 3, 2026 · Period ending July 31, 2026 · Compared to 10-Q Sep 4, 2025 · ~1 min read

Key Changes

• high

  Net loss widened to $9.2M ($0.40/share) from $6.0M ($0.26/share) a year ago, despite a 150bp improvement in gross margin to 18.6%.

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• high

  Revenue fell 9.2% to $496.4M, with Europe down 32.6% (Germany wind-down) and Australia up 35.5% (Bellevue acquisition).

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• high

  Lenders CNH Capital and DLL Finance waived fixed charge coverage ratio covenants through January 31, 2027, extending prior relief.

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