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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 184,669 $ 195,974
Accounts receivable, net of allowance of $2,001 and $3,232, respectively 297,276 211,720
Inventories 477,724 437,192
Prepaid and other current assets 75,928 67,151
Total current assets 1,035,597 912,037
Property, plant and equipment, net 451,901 421,218
Operating lease assets 125,125 117,027
Goodwill 29,563 29,563
Intangible assets, net 11,413 11,985
Deferred income taxes 43,326 41,732
Other long-term assets 55,478 51,391
Total assets 1,752,403 1,584,953
Current liabilities    
Short-term debt 19,795 12,479
Accounts payable 265,141 219,586
Operating leases 11,784 11,999
Other current liabilities 144,248 143,294
Total current liabilities 440,968 387,358
Long-term debt 565,872 552,966
Deferred income taxes 9,024 6,416
Operating leases 116,593 106,020
Other long-term liabilities 42,850 38,537
Total liabilities 1,175,307 1,091,297
Titan shareholders' equity    
Common stock ($0.0001 par value, 120,000,000 shares authorized, 78,447,035 issued and 63,852,976 outstanding at June 30, 2025; 78,447,035 issued and 63,139,435 outstanding at December 31, 2024) 0 0
Additional paid-in capital 735,848 740,223
Retained earnings 158,869 164,063
Treasury stock (at cost, 14,594,059 shares at June 30, 2025 and 15,307,600 shares at December 31, 2024) (116,655) (122,336)
Accumulated other comprehensive loss (207,577) (285,877)
Total Titan shareholders’ equity 570,485 496,073
Noncontrolling interests 6,611 (2,417)
Total equity 577,096 493,656
Total liabilities and equity $ 1,752,403 $ 1,584,953