ServiceTitan, Inc. Class A (TTAN) AI Stock Analysis

• Market Cap: $10.64B
• Dividend Yield: N/A
• Average Volume (3M): 1.22M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.84
• Revenue Growth: 26.08%
• EPS Growth: -62.42%
• Country: US
• Employees: 3,049
• Sector: Technology
• Sector Strength: 90
• Industry: Software - Application
• EPS (TTM): N/A
• Shares Outstanding: 77,266,754
• 10 Day Avg. Volume: 736,534
• 30 Day Avg. Volume: 1,219,515
• PEG Ratio: -12.30
• Price to Book (P/B): 6.90
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 2.09K
• Enterprise Value/Market Cap: 0.93
• Enterprise Value/Revenue: 6.36
• Enterprise Value/Gross Profit: 23.75
• Enterprise Value/Ebitda: -34.31
• 1Y Price Target: $126.90
• Price Target Upside: 8.52% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 12

• Rating: 51 Neutral
• Price Target: $110.00 ▼(-5.93%Downside)

ServiceTitan's stock score is primarily influenced by its strong revenue growth and strategic initiatives. However, ongoing profitability challenges and mixed technical signals present significant risks. While earnings call insights are positive, these are offset by valuation concerns and uncertainties in macroeconomic conditions.

Positive Factors

Demand

Accelerating replacements due to the new AC refrigerant change and hot weather are expected to drive strong growth for ServiceTitan's GTV and usage.

Financial Performance

ServiceTitan reported strong first-quarter results, with all key metrics ahead of expectations.

Market Positioning

ServiceTitan is positioned strategically in digitizing the broader trades ecosystem, supporting a sustainable runway of growth with ongoing leverage.

Negative Factors

Growth Challenges

Further acceleration in growth may be required for shares to push higher, but accelerating growth again likely proves challenging.

Investor Expectations

Shares down double-digits in the after-markets, suggesting either higher buy-side expectations or trading dynamics ahead of lock-up expiration.

ServiceTitan, Inc. Class A Business Overview & Revenue Model

Company Description

ServiceTitan, Inc. engages in the collection of field service activities required to install, maintain, and service the infrastructure and systems of residences and commercial buildings. The company was founded by Ara Mahdessian and Vahe Kuzoyan on June 8, 2008 and is headquartered in Glendale, CA.

How the Company Makes Money

ServiceTitan generates revenue primarily through its subscription-based SaaS model. Businesses pay a recurring fee to access and utilize the platform's various features and tools. This model provides a consistent revenue stream as long as clients remain subscribed. Additionally, ServiceTitan may earn revenue through integration partnerships with third-party applications and services, which can enhance the functionality of its platform. The company may also offer premium services or modules at an additional cost, further diversifying its income sources. Key factors contributing to its earnings include its large customer base across various service industries and the ongoing demand for digital transformation in business operations.

ServiceTitan, Inc. Class A Financial Statement Overview

Summary

ServiceTitan, Inc. shows strong revenue growth and improving cash flows, yet profitability remains a challenge with negative EBIT and net income margins. Despite a robust equity position and low leverage, the company needs to focus on reducing operating losses and improving cost management.

Income Statement

ServiceTitan, Inc. shows consistent revenue growth with a 25.63% increase from 2024 to 2025, following a robust 31.34% rise from 2023 to 2024. However, the company struggles with profitability, as evidenced by negative EBIT, EBITDA, and net income margins. The gross profit margin is relatively strong at 64.93% for 2025, but the high operating losses indicate significant challenges in cost management and achieving economies of scale.

Balance Sheet

The balance sheet shows a strong equity position with a positive stockholders' equity of $1.45 billion in 2025, recovering from negative equity in previous years. The debt-to-equity ratio stands at a low 0.11, indicating low leverage and reduced financial risk. However, the equity ratio of 82.22% suggests a high reliance on equity financing, which might be unsustainable without profitability improvements.

Cash Flow

ServiceTitan demonstrates a positive turnaround in cash flow with an operating cash flow of $37.05 million in 2025, up from negative values in prior years. Free cash flow is also positive at $15.45 million, marking a significant improvement. The free cash flow to net income ratio remains challenging due to negative net income, but the positive cash flow trajectory indicates better cash management and operational efficiencies.

Breakdown	Mar 2025	Mar 2024	Mar 2023
Income Statement
Total Revenue	771.88M	614.34M	467.73M
Gross Profit	500.93M	376.63M	266.02M
EBITDA	-141.04M	-93.58M	-170.38M
Net Income	-239.09M	-195.15M	-269.52M
Balance Sheet
Total Assets	1.77B	1.52B	1.60B
Cash, Cash Equivalents and Short-Term Investments	441.80M	146.71M	202.49M
Total Debt	165.41M	245.96M	253.12M
Total Liabilities	314.06M	366.11M	385.85M
Stockholders Equity	1.45B	-477.86M	-335.15M
Cash Flow
Free Cash Flow	15.45M	-84.32M	-212.72M
Operating Cash Flow	37.05M	-39.70M	-120.75M
Investing Cash Flow	-22.78M	-40.35M	-681.18M
Financing Cash Flow	279.71M	24.27M	889.03M

ServiceTitan, Inc. Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
U	75 Outperform	$13.86B	―	-14.15%	―	-16.74%	49.75%
BSY	74 Outperform	$17.70B	74.18	25.20%	0.44%	10.71%	-27.64%
PCOR	74 Outperform	$11.08B	―	-10.78%	―	18.59%	10.73%
DAY	71 Outperform	$9.50B	375.23	1.03%	―	14.97%	-51.02%
ESTC	69 Neutral	$9.36B	192.75	-12.98%	―	17.04%	-273.13%
Sector *	63 Neutral	$34.70B	5.15	-11.38%	1.67%	5.54%	-17.15%
TTAN	51 Neutral	$10.64B	―		―	26.08%	-62.42%

ServiceTitan, Inc. Class A Corporate Events

ServiceTitan Holds Annual Stockholders Meeting on June 18

On June 18, 2025, ServiceTitan, Inc. held its Annual Meeting of Stockholders, where stockholders voted on two key proposals. The first proposal involved the election of three Class I directors, who will serve until the 2028 Annual Meeting. The second proposal ratified the appointment of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for the fiscal year ending January 31, 2026. These decisions are expected to impact the company’s governance and financial oversight positively.

The most recent analyst rating on (TTAN) stock is a Hold with a $104.00 price target. To see the full list of analyst forecasts on ServiceTitan, Inc. Class A stock, see the TTAN Stock Forecast page.