Titan Machinery announced fiscal fourth quarter 2025 revenue of $759.9 million, down from $852.1 million in the prior year, with a gross profit margin of 6.7%, significantly lower than 16.6% last year. The company reported a net loss of $43.8 million, or $1.93 per diluted share, compared to net income of $24.0 million and $1.05 per diluted share in the fourth quarter of fiscal 2024. Adjusted net loss for the quarter was $44.9 million, or $1.98 per diluted share.
A key highlight was the substantial inventory reduction of approximately $304 million during the fourth quarter, bringing the total reduction since the fiscal second quarter peak to $419 million. Inventories stood at $1.1 billion as of January 31, 2025. This aggressive reduction, while impacting equipment margins, was a strategic move to improve the company's position for fiscal 2026.
For the full fiscal year 2025, Titan Machinery reported total revenue of $2.7 billion, down from $2.8 billion in fiscal 2024, and a net loss of $36.9 million, or $1.63 per diluted share. Adjusted net loss for the full year was $29.7 million, or $1.31 per diluted share. The company provided fiscal 2026 modeling assumptions, anticipating North American large agriculture equipment demand to be down approximately 30% year-over-year and continued margin pressure from ongoing inventory reduction efforts.
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