NASDAQ : TTAN
ServiceTitan, Inc. — Financial statements
Technology · Software - Application · United States
Last price 84.26 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 8.13B
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Financial statements
ServiceTitan, Inc. (TTAN) reported revenue of 1.06B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | 1.06B | 960.97M | 771.88M | 614.34M | 467.73M |
| Cost of Revenue | 306.35M | 283.70M | 262.00M | 233.17M | 201.71M |
| Gross Profit | 758.38M | 677.27M | 509.88M | 381.17M | 266.02M |
| Selling, General & Admin | 540.14M | 528.42M | 440.06M | 350.02M | 329.01M |
| Research & Development | 345.69M | 297.08M | 254.22M | 200.98M | 158.87M |
| Other Operating Expenses | 6.69M | 8.86M | 1.71M | ||
| Operating Expenses | 892.52M | 834.37M | 696.00M | 551.00M | 487.88M |
| Operating Income | -134.14M | -157.10M | -186.12M | -169.82M | -221.86M |
| Interest Expense | -3.51M | -7.23M | -15.52M | -16.44M | -54.54M |
| Interest & Investment Income | 17.21M | 19.28M | 8.77M | 7.07M | 1.62M |
| Other Non Operating Income (Expenses) | 1.48M | 1.53M | -72.00K | 1.22M | 1.80M |
| EBT Excluding Unusual Items | -118.96M | -143.52M | -192.95M | -177.97M | -272.97M |
| Merger & Restructuring Charges | -1.16M | -1.16M | -2.50M | -8.18M | |
| Asset Writedown | -2.92M | -10.95M | -39.15M | -4.86M | |
| Other Unusual Items | -1.49M | -1.49M | -2.18M | -9.61M | |
| Pretax Income | -124.52M | -157.11M | -236.78M | -191.01M | -282.58M |
| Income Tax Expense | 4.48M | 2.74M | 2.32M | 4.14M | -13.06M |
| Net Income | -129.00M | -159.85M | -239.09M | -195.15M | -269.52M |
| Preferred Dividends & Other Adjustments | 120.63M | 45.87M | 13.48M | ||
| Net Income to Common | -129.00M | -159.85M | -359.73M | -241.02M | -283.00M |
| Shares Outstanding (Basic) | 94.58M | 92.38M | 42.15M | 33.27M | 30.41M |
| Shares Outstanding (Diluted) | 94.58M | 92.38M | 42.15M | 33.27M | 30.41M |
| EPS (Basic) | -1.36 | -1.73 | -8.53 | -7.24 | -9.31 |
| EPS (Diluted) | -1.36 | -1.73 | -8.53 | -7.24 | -9.31 |
| Free Cash Flow | 133.88M | 104.95M | 33.25M | -68.57M | -197.24M |
| Free Cash Flow Per Share | 1.42 | 1.14 | 0.79 | -2.06 | -6.49 |
| Gross Margin | 71.23% | 70.48% | 66.06% | 62.05% | 56.88% |
| Operating Margin | -12.60% | -16.35% | -24.11% | -27.64% | -47.43% |
| Profit Margin | -12.12% | -16.63% | -46.60% | -39.23% | -60.50% |
| Free Cash Flow Margin | 12.57% | 10.92% | 4.31% | -11.16% | -42.17% |
| EBITDA | -74.08M | -95.11M | -122.10M | -100.64M | -171.20M |
| EBITDA Margin | -6.96% | -9.90% | -15.82% | -16.38% | -36.60% |
| D&A For EBITDA | 60.05M | 61.99M | 64.02M | 69.19M | 50.65M |
| EBIT | -134.14M | -157.10M | -186.12M | -169.82M | -221.86M |
| EBIT Margin | -12.60% | -16.35% | -24.11% | -27.64% | -47.43% |
| Revenue as Reported | 1.06B | 960.97M | 771.88M | 614.34M | 467.73M |
| Advertising Expenses | 34.80M | 30.50M | 27.10M | 25.10M |
Balance sheet
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 479.54M | 428.77M | 441.80M | 146.71M | 202.49M |
| Cash & Short-Term Investments | 479.54M | 428.77M | 441.80M | 146.71M | 202.49M |
| Receivables | 138.15M | 113.75M | 90.39M | 67.38M | 50.40M |
| Prepaid Expenses | 30.21M | 25.89M | 24.79M | 22.65M | 18.37M |
| Restricted Cash | 166.00K | 711.00K | 1.40M | 250.00K | |
| Other Current Assets | 22.48M | 22.28M | 15.07M | 11.09M | 9.72M |
| Total Current Assets | 670.38M | 590.86M | 572.77M | 249.23M | 281.22M |
| Property, Plant & Equipment | 55.24M | 57.53M | 80.69M | 140.44M | 143.23M |
| Goodwill | 860.25M | 860.25M | 845.84M | 830.87M | 830.87M |
| Other Intangible Assets | 197.86M | 215.99M | 250.73M | 280.65M | 325.37M |
| Long-Term Deferred Charges | 13.09M | 14.75M | 10.61M | 8.40M | 7.50M |
| Other Long-Term Assets | 7.35M | 5.68M | 8.02M | 8.08M | 12.19M |
| Total Assets | 1.80B | 1.75B | 1.77B | 1.52B | 1.60B |
| Accounts Payable | 18.45M | 10.05M | 6.03M | 5.82M | 8.32M |
| Accrued Expenses | 68.75M | 102.03M | 98.34M | 75.18M | 75.82M |
| Current Portion of Long-Term Debt | 1.07M | 1.80M | 1.35M | ||
| Current Portion of Leases | 12.06M | 14.05M | 13.00M | 11.01M | 8.42M |
| Current Income Taxes Payable | 468.00K | 652.00K | 765.00K | 1.18M | 777.00K |
| Current Unearned Revenue | 17.41M | 18.68M | 16.80M | 11.16M | 10.79M |
| Other Current Liabilities | 30.36M | 23.99M | 17.10M | 19.12M | 30.91M |
| Total Current Liabilities | 147.49M | 169.45M | 153.12M | 125.27M | 136.39M |
| Long-Term Debt | 104.01M | 174.58M | 176.24M | ||
| Long-Term Leases | 35.71M | 37.32M | 47.33M | 58.58M | 67.12M |
| Other Long-Term Liabilities | 15.29M | 13.05M | 9.61M | 7.68M | 6.11M |
| Total Liabilities | 198.48M | 219.82M | 314.06M | 366.11M | 385.85M |
| Common Stock | 96.00K | 95.00K | 90.00K | 34.00K | 33.00K |
| Additional Paid-In Capital | 2.92B | 2.79B | 2.56B | 388.74M | 336.31M |
| Retained Earnings | -1.31B | -1.27B | -1.11B | -866.64M | -671.49M |
| Total Common Equity | 1.61B | 1.53B | 1.45B | -477.86M | -335.15M |
| Shareholders' Equity | 1.61B | 1.53B | 1.45B | 1.15B | 1.21B |
| Total Liabilities & Equity | 1.80B | 1.75B | 1.77B | 1.52B | 1.60B |
| Total Debt | 47.76M | 51.37M | 165.41M | 245.96M | 253.12M |
| Net Cash (Debt) | 431.77M | 377.39M | 276.39M | -99.25M | -50.63M |
| Net Cash Per Share | 4.57 | 4.09 | 6.56 | -2.98 | -1.66 |
| Filing Date Shares Outstanding | 96.47M | 95.26M | 90.14M | 34.19M | 32.81M |
| Total Common Shares Outstanding | 96.46M | 94.60M | 90.05M | 34.19M | 32.81M |
| Working Capital | 522.89M | 421.41M | 419.65M | 123.96M | 144.83M |
| Book Value Per Share | 16.65 | 16.12 | 16.15 | -13.98 | -10.21 |
| Tangible Book Value | 547.59M | 449.00M | 358.02M | -1.59B | -1.49B |
| Tangible Book Value Per Share | 5.68 | 4.75 | 3.98 | -46.49 | -45.45 |
| Machinery | 38.19M | 35.78M | 34.34M | 37.80M | 30.28M |
| Construction In Progress | 534.00K | 25.67M | |||
| Leasehold Improvements | 55.31M | 55.04M | 64.94M | 85.54M | 55.29M |
Cash flow statement
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Net Income | -129.00M | -159.85M | -239.09M | -195.15M | -269.52M |
| Depreciation & Amortization | 60.05M | 61.99M | 64.02M | 69.19M | 50.65M |
| Other Amortization | 38.88M | 36.51M | 28.00M | 21.34M | 24.38M |
| Loss (Gain) From Sale of Assets | -193.00K | 35.00K | 209.00K | -658.00K | |
| Asset Writedown & Restructuring Costs | 2.93M | 10.95M | 39.15M | 4.86M | 277.00K |
| Stock-Based Compensation | 219.21M | 197.12M | 163.73M | 102.45M | 64.15M |
| Provision & Write-off of Bad Debts | 7.22M | 9.32M | 3.69M | 2.65M | 391.00K |
| Other Operating Activities | 9.90M | 8.96M | 7.39M | 8.34M | 1.71M |
| Change in Accounts Receivable | -44.02M | -32.68M | -24.28M | -19.63M | -14.63M |
| Change in Accounts Payable | 13.01M | 12.10M | -8.98M | -2.77M | 6.88M |
| Change in Unearned Revenue | -67.00K | 1.68M | 3.33M | 369.00K | 1.72M |
| Change in Other Net Operating Assets | -37.13M | -35.99M | -103.00K | -30.70M | 13.25M |
| Operating Cash Flow | 140.78M | 110.13M | 37.05M | -39.70M | -120.75M |
| Capital Expenditures | -6.90M | -5.18M | -3.80M | -28.87M | -76.49M |
| Cash Acquisitions | -19.78M | -19.78M | -1.18M | -589.73M | |
| Sale (Purchase) of Intangibles | -19.90M | -19.88M | -17.80M | -13.00M | -15.48M |
| Other Investing Activities | 1.53M | 515.00K | |||
| Investing Cash Flow | -46.58M | -44.84M | -22.78M | -40.35M | -681.18M |
| Long-Term Debt Issued | 905.00M | ||||
| Long-Term Debt Repaid | -107.03M | -71.62M | -1.35M | -725.00M | |
| Net Debt Issued (Repaid) | -106.50M | -107.03M | -71.62M | -1.35M | 180.00M |
| Issuance of Common Stock | 20.14M | 28.84M | 689.61M | 9.70M | 15.57M |
| Repurchase of Common Stock | -18.96M | -16.51M | -8.11M | ||
| Other Financing Activities | -599.00K | -8.75M | -1.58M | -22.39M | |
| Financing Cash Flow | -86.36M | -78.79M | 279.71M | 24.27M | 889.03M |
| Net Cash Flow | 7.84M | -13.49M | 293.98M | -55.78M | 87.10M |
| Free Cash Flow | 133.88M | 104.95M | 33.25M | -68.57M | -197.24M |
| Free Cash Flow Margin | 12.57% | 10.92% | 4.31% | -11.16% | -42.17% |
| Free Cash Flow Per Share | 1.42 | 1.14 | 0.79 | -2.06 | -6.49 |
| Levered Free Cash Flow | 176.57M | 153.09M | 106.27M | -3.25M | |
| Unlevered Free Cash Flow | 178.56M | 157.15M | 115.64M | 6.88M | |
| Cash Interest Paid | 3.25M | 7.03M | 16.37M | 14.70M | 48.75M |
| Cash Income Tax Paid | 1.43M | 825.00K | 1.73M | 1.84M | 861.00K |
| Change in Working Capital | -68.21M | -54.90M | -30.03M | -52.73M | 7.22M |
Ratios
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Market Capitalization | 8.12B | 7.34B | 9.24B | ||
| Enterprise Value | 7.69B | 7.00B | 11.02B | ||
| Last Close Price | 84.26 | 78.34 | 102.77 | ||
| Forward PE | 57.00 | 77.86 | |||
| PS Ratio | 7.64 | 7.63 | 11.97 | ||
| PB Ratio | 5.06 | 4.81 | 6.36 | ||
| P/TBV Ratio | 14.85 | 16.34 | 25.82 | ||
| P/FCF Ratio | 60.72 | 69.90 | 277.97 | ||
| P/OCF Ratio | 57.75 | 66.61 | 249.46 | ||
| PEG Ratio | 2.06 | 0.95 | |||
| EV/Sales Ratio | 7.23 | 7.29 | 14.27 | ||
| EV/FCF Ratio | 57.50 | 66.71 | 331.33 | ||
| Debt / Equity Ratio | 0.03 | 0.03 | 0.11 | 0.21 | 0.21 |
| Debt / FCF Ratio | 0.36 | 0.49 | 4.97 | ||
| Net Debt / Equity Ratio | -0.27 | -0.25 | -0.19 | 0.09 | 0.04 |
| Net Debt / EBITDA Ratio | 5.83 | 3.97 | 2.26 | -0.99 | -0.30 |
| Net Debt / FCF Ratio | -3.23 | -3.60 | -8.31 | -1.45 | -0.26 |
| Asset Turnover | 0.59 | 0.55 | 0.47 | 0.39 | |
| Quick Ratio | 4.19 | 3.20 | 3.48 | 1.71 | 1.85 |
| Current Ratio | 4.54 | 3.49 | 3.74 | 1.99 | 2.06 |
| Return on Equity (ROE) | -8.34% | -10.73% | -18.35% | -16.50% | |
| Return on Assets (ROA) | -4.67% | -5.59% | -7.08% | -6.81% | |
| Return on Capital Employed (ROCE) | -8.10% | -10.00% | -11.50% | -12.20% | -15.20% |
| Earnings Yield | -1.62% | -2.18% | -2.59% | ||
| FCF Yield | 1.65% | 1.43% | 0.36% | ||
| Buyback Yield / Dilution | -34.29% | -119.17% | -26.70% | -9.39% |