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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 179,785 $ 202,879
Accounts receivable, net of allowance of $5,261 and $5,058, respectively 317,216 238,906
Inventories 479,993 470,549
Prepaid and other current assets 76,429 73,638
Total current assets 1,053,423 985,972
Property, plant and equipment, net 439,201 448,910
Operating lease assets 99,226 119,225
Goodwill 29,563 29,563
Intangible assets, net 10,259 10,889
Deferred income taxes 15,323 10,715
Other long-term assets 75,180 67,386
Total assets 1,722,175 1,672,660
Current liabilities    
Short-term debt 34,401 21,185
Accounts payable 294,270 251,715
Operating leases 14,665 13,830
Other current liabilities 155,139 141,514
Total current liabilities 498,475 428,244
Long-term debt 558,850 564,717
Deferred income taxes 6,843 6,138
Operating leases 105,878 111,054
Other long-term liabilities 42,208 40,890
Total liabilities 1,212,254 1,151,043
Titan shareholders' equity    
Common stock ($0.0001 par value, 120,000,000 shares authorized, 78,447,035 issued and 64,485,180 outstanding at June 30, 2026; 78,447,035 issued and 63,951,494 outstanding at December 31, 2025) 0 0
Additional paid-in capital 737,085 738,711
Retained earnings 82,119 100,569
Treasury stock (at cost, 13,961,855 shares at June 30, 2026 and 14,495,541 shares at December 31, 2025) (111,621) (115,871)
Accumulated other comprehensive loss (206,318) (209,029)
Total Titan shareholders’ equity 501,265 514,380
Noncontrolling interests 8,656 7,237
Total equity 509,921 521,617
Total liabilities and equity $ 1,722,175 $ 1,672,660