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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 202,879 $ 195,974
Accounts receivable, net of allowance of $5,058 and $3,232 238,906 211,720
Inventories 470,549 437,192
Prepaid and other current assets 73,638 67,151
Total current assets 985,972 912,037
Property, plant and equipment, net 448,910 421,218
Operating lease assets 119,225 117,027
Goodwill 29,563 29,563
Intangible assets, net 10,889 11,985
Deferred income taxes 10,715 41,732
Other long-term assets 67,386 51,391
Total assets 1,672,660 1,584,953
Current liabilities    
Short-term debt 21,185 12,479
Accounts payable 251,715 219,586
Operating leases 13,830 11,999
Other current liabilities 141,514 143,294
Total current liabilities 428,244 387,358
Long-term debt 564,717 552,966
Deferred income taxes 6,138 6,416
Operating leases 111,054 106,020
Other long-term liabilities 40,890 38,537
Total liabilities 1,151,043 1,091,297
Commitments and contingencies: Notes 10, 22, 23 and 24
Titan stockholders' equity    
Common stock ($0.0001 par, 120,000,000 shares authorized, 78,447,035 issued and 63,951,494 outstanding at December 31, 2025; 78,447,035 issued and 63,139,435 outstanding at December 31, 2024) 0 0
Additional paid-in capital 738,711 740,223
Retained earnings 100,569 164,063
Treasury stock (at cost, 14,495,541 shares at December 31, 2025 and 15,307,600 shares at December 31, 2024) (115,871) (122,336)
Accumulated other comprehensive loss (209,029) (285,877)
Total Titan stockholders’ equity 514,380 496,073
Noncontrolling interests 7,237 (2,417)
Total equity 521,617 493,656
Total liabilities and equity $ 1,672,660 $ 1,584,953