v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 171,262 $ 202,879
Accounts receivable, net of allowance of $5,007 and $5,058, respectively 338,496 238,906
Inventories 467,962 470,549
Prepaid and other current assets 73,319 73,638
Total current assets 1,051,039 985,972
Property, plant and equipment, net 439,418 448,910
Operating lease assets 101,874 119,225
Goodwill 29,563 29,563
Intangible assets, net 10,571 10,889
Deferred income taxes 10,570 10,715
Other long-term assets 71,786 67,386
Total assets 1,714,821 1,672,660
Current liabilities    
Short-term debt 34,277 21,185
Accounts payable 278,019 251,715
Operating leases 14,815 13,830
Other current liabilities 152,265 141,514
Total current liabilities 479,376 428,244
Long-term debt 578,305 564,717
Deferred income taxes 6,883 6,138
Operating leases 107,891 111,054
Other long-term liabilities 40,819 40,890
Total liabilities 1,213,274 1,151,043
Titan shareholders' equity    
Common stock ($0.0001 par value, 120,000,000 shares authorized, 78,447,035 issued and 64,312,774 outstanding at March 31, 2026; 78,447,035 issued and 63,951,494 outstanding at December 31, 2025) 0 0
Additional paid-in capital 736,818 738,711
Retained earnings 76,355 100,569
Treasury stock (at cost, 14,134,261 shares at March 31, 2026 and 14,495,541 shares at December 31, 2025) (112,994) (115,871)
Accumulated other comprehensive loss (205,268) (209,029)
Total Titan shareholders’ equity 494,911 514,380
Noncontrolling interests 6,636 7,237
Total equity 501,547 521,617
Total liabilities and equity $ 1,714,821 $ 1,672,660