EARNINGS PER SHARE (Notes)

3 Months Ended

Apr. 30, 2026

The following table sets forth the calculation of basic and diluted earnings per share (“EPS”):


	Three Months Ended April 30,
	2026		2025
	(in thousands, except per share data)
Numerator:
Net loss	$	(12,616)	$	(13,204)
Allocation to participating securities	—		—
Net loss attributable to Titan Machinery Inc. common stockholders	$	(12,616)	$	(13,204)
Denominator:
Basic weighted-average common shares outstanding	22,849		22,669
Plus: incremental shares from vesting of restricted stock units	—		—
Diluted weighted-average common shares outstanding	22,849		22,669

Loss Per Share:
Basic	$	(0.55)	$	(0.58)
Diluted	$	(0.55)	$	(0.58)

Anti-dilutive shares excluded from diluted weighted-average common shares outstanding:
Restricted stock units	11		10