Friday 6 November 2026
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ServiceTitan Inc.
TTAN Technology Software Application
ServiceTitan Inc.’s revenue for fiscal 2026 (year ended January 2026) was $961.0 million, up 24.5% from fiscal 2025.
- Revenue
- +20.9%
- EPS
- +25.7%
- Free cash flow
- +47.1%
Quarter to July 2026, against a year earlier
82.15
5.61
−6.39%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to January
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM Jul ’26 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | 468 | 614 | 772 | 961 | 1,065 | +27.1% | 1,142 | 1,308 | 1,512 | +16.3% | |
| Gross margin, % | — | — | — | — | — | — | 56.88 | 61.31 | 64.90 | 70.11 | 71.08 | +13.2 pt | ||||||
| EBT | — | — | — | — | — | — | (283) | (191) | (237) | (157) | (125) | (17.8%) | ||||||
| EBT margin, % | — | — | — | — | — | — | (60.41) | (31.09) | (30.68) | (16.35) | (11.70) | +44.1 pt | ||||||
| Net income | — | — | — | — | — | — | (270) | (195) | (239) | (160) | (129) | (16.0%) | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | — | 15.38 | 18.47 | 18.31 | 10.40 | 11.11 | (12.2%) | |||||
| Earnings | — | — | — | — | — | — | (8.86) | (7.24) | (8.53) | (1.73) | (1.36) | (42.0%) | ||||||
| Cash flow | — | — | — | — | — | — | (3.97) | (1.19) | 0.88 | 1.19 | 1.47 | n/m | ||||||
| Capex | — | — | — | — | — | — | (3.02) | (1.26) | (0.51) | (0.27) | (0.28) | (55.2%) | ||||||
| Free cash flow | — | — | — | — | — | — | (6.99) | (2.45) | 0.37 | 0.92 | 1.19 | n/m | ||||||
| Book value | — | — | — | — | — | — | 0.00 | 34.62 | 34.51 | 16.51 | 16.75 | n/m | ||||||
| Shares, m | — | — | — | — | — | — | 30 | 33 | 42 | 92 | 94 | +44.8% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | — | — | — | — | — | 4.90 | 4.90 | 5.61 | 7.16 | 7.40 | 5.6 | ||||||
| P/B | — | — | — | — | — | — | 0.00 | 0.00 | 2.98 | 4.51 | 4.90 | 1.9 | ||||||
| EV/Sales | — | — | — | — | — | — | 4.96 | 4.96 | 5.17 | 6.82 | 7.04 | 5.5 | ||||||
| EV/FCF | — | — | — | — | — | — | 1,442.79 | 1,442.79 | 258.46 | 77.03 | 65.80 | 805.3 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | (121) | (40) | 37 | 110 | 141 | n/m | |||||
| Capex | — | — | — | — | — | — | (92) | (42) | (22) | (25) | (27) | (35.2%) | ||||||
| Free cash flow | — | — | — | — | — | — | (213) | (82) | 15 | 85 | 114 | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | — | — | 124 | 420 | 421 | 523 | +84.4% | |||||
| Net debt | — | — | — | — | — | — | — | 28 | (337) | (429) | (480) | n/m | ||||||
| Shareholders’ equity | — | — | — | — | — | — | — | 1,152 | 1,455 | 1,525 | 1,606 | +15.1% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | — | 0.00 | (31.76) | (21.89) | (9.10) | (7.19) | (9.1) pt | |||||
| ROIC | — | — | — | — | — | — | 0.00 | (9.69) | (12.86) | (9.65) | (7.67) | (9.6) pt | ||||||
| ROE | — | — | — | — | — | — | 0.00 | 0.00 | (73.66) | (10.73) | (8.34) | (10.7) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | 3,049 | 3,414 | — | +12.0% | |||||
| Revenue/emp, $m | — | — | — | — | — | — | 0.00 | 0.00 | 0.25 | 0.28 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Jan 2026 · latest quarter Jul 2026 · fundamentals updated 25 Oct 2026
Business profile
ServiceTitan Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| ESTC Elastic N.V. | $8.9B | 23.4× | 376× | +15.13% (above 0%: growing) | n/m | +26.14% (above 0%: growing) | 74.50% | (4.93%) | Compare |
| PCTY Paylocity Holding Corporation | $8.9B | 34.1× | 28.6× | +10.98% (above 0%: growing) | +28.41% (above 0%: growing) | +10.54% (above 0%: growing) | 67.54% | 18.98% | Compare |
| YMM Full Truck Alliance Co. Ltd. Sponsored ADR | $8.3B | 15.2× | 11.9× | +10.22% (above 0%: growing) | +11.76% (above 0%: growing) | +10,172.78% (above 0%: growing) | 72.62% | 43.95% | Compare |
| APPF AppFolio, Inc. | $8.3B | 48.8× | 44.1× | +18.58% (above 0%: growing) | +38.30% (above 0%: growing) | +14.46% (above 0%: growing) | 64.29% | 19.42% | Compare |
| TTAN ServiceTitan Inc. | $7.9B | — (loss-making) | — (loss-making) | +20.91% (above 0%: growing) | n/m | +47.10% (above 0%: growing) | 71.41% | (9.41%) | |
| QNT Quantinuum Inc. | $7.9B | — | — | — | n/m | — | (28.93%) | (6,939.56%) | Compare |
| YOU CLEAR Secure, Inc. | $7.6B | 28.9× | 24.5× | +27.77% (above 0%: growing) | +156.72% (above 0%: growing) | −94.18% (below 0%: shrinking) | 68.55% | 28.32% | Compare |
| IDCC InterDigital, Inc. | $7.4B | 23.5× | 35.8× | +17.46% (above 0%: growing) | +18.71% (above 0%: growing) | −64.24% (below 0%: shrinking) | 100.00% | 51.37% | Compare |
| DUOL Duolingo, Inc. | $7.4B | 50.7× | 48.1× | +13.73% (above 0%: growing) | −90.88% (below 0%: shrinking) | +15.63% (above 0%: growing) | 72.86% | 7.83% | Compare |
| Median of peers | $8.1B | 28.9× | 35.8× | +15.13% | +23.56% | +14.46% | 70.59% | 19.20% |
From the latest earnings call
- CEO Ara Mahdessian said ServiceTitan has broadened investment in Max and its software factory while focusing on trades it already serves.
- CFO Dave Sherry said customer lead growth moderated and that ServiceTitan incorporated the quarter’s transaction-volume trend into its second-half forecast.
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
88.74%
Held by the ten largest
44.86%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| ICONIQ Capital, LLC | 11.43m | 11.98% | −94.27k |
| Vanguard | 5.98m | 6.27% | +653.12k |
| BlackRock | 5.20m | 5.45% | +3.17m |
| Fidelity (FMR) | 5.08m | 5.33% | +2.12m |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | 3.75m | 3.93% | −1.12m |
| Millennium Management | 3.14m | 3.30% | +1.10m |
| BATTERY MANAGEMENT CORP. | 2.59m | 2.71% | −712.85k |
| Citadel Advisors | 1.96m | 2.06% | +494.87k |
| Jericho Capital Asset Management L.P. | 1.94m | 2.03% | +1.94m |
| Index Venture Growth Associates IV Ltd | 1.71m | 1.79% | 0.00 |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Pay and ownership Proxy statement filed 5 May 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2026 | 1.63m | (89.86m) | 77.56 |
| 2025 | 133.41m | 278.14m | 101.75 |
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Read the proxy statement
ServiceTitan Inc. (TTAN) Latest News
13 Oct
8 Oct
6 Oct
30 Sep
11 Sep
9 Sep
8 Sep
TTAN metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Shares outstanding
- Book value per share
- Revenue growth
ServiceTitan sells cloud software to businesses that install, maintain and repair systems in homes and commercial buildings. Its customers include plumbing, heating and air-conditioning, roofing and landscaping businesses. Ara Mahdessian is its co-founder and chief executive officer.
The platform connects work that might otherwise be handled through separate tools. An office can use it to track advertising leads, book jobs, schedule and dispatch technicians, prepare estimates and invoices, and take payments. Field technicians access the platform through a mobile application, while office staff use a web browser. The software also supports inventory management, payroll integration and customer communications.