Titan International, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on October 29, 2026, reporting a net loss attributable to Titan and applicable to common shareholders of $42,744 thousand for the three-month period.

Key Highlights

  • Net loss (Q3 2026): Net loss attributable to Titan and applicable to common shareholders was $42,744 thousand ($0.66 per basic and diluted share) for the three months ended September 30, 2026.
  • Net sales decline: Net sales for the three months ended September 30, 2026 were $335,177 thousand, compared with $357,258 thousand for the same period in 2025.
  • Discontinued operations loss: The company reported a net loss from discontinued operations of $33,650 thousand for Q3 2026, compared with net income from discontinued operations of $5,266 thousand in Q3 2025.
  • Restructuring charges: Restructuring and other charges of $27,418 thousand were recorded for the nine months ended September 30, 2026, versus none for the comparable prior-year period.
  • Nine-month net loss: Net loss attributable to Titan for the nine months ended September 30, 2026 was $61,194 thousand ($0.95 per basic and diluted share).
  • Cash position: Cash and cash equivalents stood at $172,787 thousand as of September 30, 2026, down from $202,879 thousand at December 31, 2025.
  • Shares outstanding: As of October 23, 2026, there were 64,606,569 shares of common stock outstanding.

Titan International's Financial Results for the Quarter Ended September 30, 2026

According to the filing, Titan International (NYSE:TWI) reported net sales of $335,177 thousand for the three months ended September 30, 2026, a decrease from $357,258 thousand in the third quarter of 2025. Gross profit for the quarter was $49,415 thousand, compared with $56,074 thousand a year earlier. The company reported a loss from operations of $971 thousand for Q3 2026, versus income from operations of $3,720 thousand in Q3 2025. Selling, general, and administrative expenses were $42,959 thousand for the quarter.

The filing disclosed a net loss from discontinued operations of $33,650 thousand for the three months ended September 30, 2026, a significant shift from net income from discontinued operations of $5,266 thousand in the same period of 2025. This contributed materially to the total net loss of $42,451 thousand for the quarter. For the nine-month period, restructuring and other charges of $27,418 thousand were recorded, with no comparable charges reported for the nine months ended September 30, 2025, according to the filing.

On the balance sheet as of September 30, 2026, total assets were reported at $1,644,391 thousand and total liabilities at $1,181,113 thousand, resulting in total equity of $463,278 thousand. Long-term debt stood at $537,636 thousand, compared with $559,793 thousand at December 31, 2025. Retained earnings decreased to $39,375 thousand from $100,569 thousand at year-end 2025, reflecting the losses recorded during the nine-month period. The company classified assets and liabilities of discontinued operations separately on the balance sheet, with current assets of discontinued operations at $351,272 thousand as of September 30, 2026.

What Was Disclosed

Titan International filed its quarterly report covering the three and nine months ended September 30, 2026, disclosing net losses driven by discontinued operations and restructuring charges, declining net sales compared with the prior-year quarter, and a reduced cash balance relative to year-end 2025.