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TTAN

ServiceTitan, Inc.

TTAN

ServiceTitan, Inc. • NASDAQ
$89.36 ▲ 0.73% (+0.65)
Market Cap $8.31 B
52w High $131.33
52w Low $79.81
Dividend Yield 0%
P/E -11.11
Volume 279.01K
Outstanding Shares 92.94M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $242.123M ▲ $206.121M ▲ $-32.225M ▲ -13.309% ▲ $-0.35 ▲ $-14.737M ▲
Q1-2026 $215.692M ▲ $98.86M ▼ $-46.364M ▲ -21.495% ▲ $-0.51 ▲ $-24.14M ▲
Q4-2025 $209.281M ▲ $238.042M ▲ $-100.943M ▼ -48.233% ▼ $-2.8 ▼ $-76.311M ▼
Q3-2025 $199.275M ▲ $173.993M ▼ $-46.46M ▼ -23.315% ▼ $-0.69 ▲ $-21.856M ▼
Q2-2025 $192.994M $266.292M $-35.652M -18.473% $-1.57 $-11.097M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $471.485M ▲ $1.784B ▲ $294.467M ▲ $1.489B ▲
Q1-2026 $420.265M ▼ $1.727B ▼ $273.467M ▼ $1.454B ▼
Q4-2025 $441.802M ▲ $1.769B ▲ $314.064M ▼ $1.455B ▲
Q3-2025 $133.811M ▲ $1.468B ▼ $373.882M ▲ $1.094B ▼
Q2-2025 $128.101M $1.486B $367.41M $1.119B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $-32.225M ▲ $40.34M ▲ $-6.04M ▲ $16.92M ▲ $51.22M ▲ $39.23M ▲
Q1-2026 $-46.364M ▲ $-14.57M ▼ $-7.764M ▼ $380K ▼ $-21.954M ▼ $-15.862M ▼
Q4-2025 $-100.943M ▼ $15.427M ▼ $-4.635M ▲ $296.968M ▲ $307.76M ▲ $14.43M ▲
Q3-2025 $-47.067M ▼ $15.534M ▲ $-4.963M ▲ $-4.861M ▲ $5.71M ▼ $10.571M ▲
Q2-2025 $-35.652M $3.046M $-6.588M $-7.286M $11.442M $2.145M

Revenue by Products

Product Q3-2025Q4-2025Q1-2026Q2-2026
Platform Revenue
Platform Revenue
 $190.00M ▲$550.00M ▲$210.00M ▼$230.00M ▲
Subscription Revenue
Subscription Revenue
 $150.00M ▲$420.00M ▲$160.00M ▼$170.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown strongly over the past few years, and gross profit is rising at a healthy pace, which signals that customers are adopting the platform and that the basic business model has traction. At the same time, the company is still losing money at the operating and net income levels. Losses are narrowing, but profitability is not yet in sight, and reported earnings per share are still deeply negative. The picture is of a growth-focused software company investing heavily in sales, product, and R&D, trading near‑term profit for expansion. The key question is how quickly operating costs can scale down relative to revenue as the business matures.

Balance Sheet

Balance Sheet The balance sheet looks relatively solid for a young, high‑growth software firm. Total assets have been trending upward, and cash has increased meaningfully most recently, likely helped by fundraising around the IPO period. Debt levels are modest relative to the asset base and have actually edged lower, while shareholder equity has been building. Overall, the company appears to have a financial cushion to support continued investment, but, as with most pre‑profit tech firms, it still depends on maintaining access to capital and eventually turning its growth into sustainable earnings.

Cash Flow

Cash Flow Cash flow is gradually improving. Operating cash flow moved from clearly negative to slightly positive in the most recent period, indicating better conversion of revenue into cash and some early operating leverage. Free cash flow has followed a similar path, with investment spending on the product and infrastructure still noticeable but not excessive. This suggests a business that is moving in the right direction on cash discipline, yet remains sensitive to execution: if growth slows or costs run ahead of plan, cash burn could re‑emerge.

Competitive Edge

Competitive Edge ServiceTitan appears to have a strong position within field service and trades management software. Its all‑in‑one, cloud platform deeply embeds itself in customers’ day‑to‑day operations, which creates high switching costs once a contractor runs scheduling, dispatch, invoicing, payments, and analytics through it. The company targets mid‑sized and larger operators that need scale, complexity handling, and advanced analytics, where fewer rivals can match its depth. It also benefits from brand recognition and a community effect within the trades. However, competition remains intense, especially for smaller customers, and rivals are also investing in usability and automation. Maintaining its lead will require continued product excellence and customer support, not just current scale.

Innovation and R&D

Innovation and R&D Innovation is a core part of the story. ServiceTitan is leaning heavily into artificial intelligence and automation, rolling out tools like Atlas, AI‑enhanced sales and contact center products, and advanced route and workflow optimization. The acquisition of Conduit Tech adds more specialized capabilities in HVAC design and measurement, reinforcing its industry‑specific edge. The company is clearly spending aggressively on R&D to widen its moat and deepen its integration into customers’ businesses. The opportunity is that successful AI and data products can boost productivity for users and support higher pricing over time. The risk is execution: these initiatives need to deliver clear, measurable value and be adopted widely enough to justify the ongoing investment.

Summary

ServiceTitan is a newly public, fast‑growing software platform focused on the trades, with strong revenue momentum, a compelling all‑in‑one product, and a meaningful competitive moat rooted in high switching costs and deep industry specialization. Financially, it is still very much in the investment phase: losses are shrinking but remain significant, and the path to consistent profitability is not yet proven. The balance sheet and improving cash flows provide room to keep investing in growth, especially in AI‑driven and data‑rich products that could enhance long‑term economics. Key things to watch include: sustained growth in larger customers, continued improvement in cash generation and margins, competitive responses from other field service platforms, and the real‑world impact of its AI and automation tools on customer retention and upsell. Overall, this is a classic high‑growth, high‑investment software profile, with both substantial upside potential and execution risk.

NEWS

November 6, 2025 · 4:05 PM UTC

ServiceTitan to Announce Fiscal Third Quarter 2026 Financial Results on December 4, 2025

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October 14, 2025 · 9:00 AM UTC

ServiceTitan Announces Strategic Partnership with Galaxy Service Partners

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October 7, 2025 · 9:00 AM UTC

ServiceTitan Expands Workforce Development Opportunities Through Path to Pro Program

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September 30, 2025 · 9:00 AM UTC

ServiceTitan's Commercial Sales and Marketing Report Reveals AI-Enabled CRMs Drive New Leads and Revenue Growth

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September 25, 2025 · 9:00 AM UTC

ServiceTitan and Verisk Team Up to Bring Xactimate® to New Roofing and Exterior Contractors

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