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

• Market Cap: $6.02B
• Dividend Yield: N/A
• Average Volume (3M): 1.10M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.82
• Revenue Growth: 26.49%
• EPS Growth: -44.77%
• Country: US
• Employees: 3,049
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): N/A
• Shares Outstanding: 80,718,544
• 10 Day Avg. Volume: 1,742,206
• 30 Day Avg. Volume: 1,101,029
• PEG Ratio: -0.09
• Price to Book (P/B): 2.98
• Price to Sales (P/S): 5.61
• P/FCF Ratio: 280.29
• Enterprise Value/Market Cap: 0.90
• Enterprise Value/Revenue: 5.90
• Enterprise Value/Gross Profit: 8.59
• Enterprise Value/Ebitda: -42.68
• 1Y Price Target: $134.08
• Price Target Upside: 118.76% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 14
• EPS Forecast (FY): 1.1
• Revenue Forecast (FY): $1.10B

• Rating: 58 Neutral
• Price Target: $70.00 ▲(14.21% Upside)

The score is driven primarily by improving fundamentals (positive operating/free cash flow and low leverage) and a strong, upbeat earnings update with constructive guidance. These positives are offset by very weak technicals (sharp downtrend with deeply oversold momentum) and limited valuation support due to ongoing losses and no indicated dividend yield.

Positive Factors

Revenue Growth

Sustained ~25% revenue growth signals expanding adoption in vertical trades, supporting scalable unit economics. Durable top-line momentum provides a runway to amortize fixed costs, fund product investments (AI/commercial expansion) and improve operating leverage over the next several quarters.

High Gross Margins

Very high platform and total gross margins reflect strong product economics and pricing power typical of vertical SaaS. These margins create structural capacity to invest in go-to-market and R&D while pursuing profitability, making margin expansion more durable as scale increases.

Low Leverage and Improved Liquidity

Amended credit facility plus voluntary repayment materially enhance liquidity and financial flexibility. Coupled with a historically low debt-to-equity profile, this reduces refinancing risk and supports multi-quarter investments and M&A optionality without stressing the balance sheet.

Negative Factors

Ongoing Net Losses and Negative Margins

Despite improving trends, persistent negative margins and loss-making EBITDA mean the business still requires sustained operating leverage to reach durable profitability. Failure to convert growth into consistent operating profits could constrain reinvestment and lengthen the path to self-sustaining cash generation.

Dependence on External Partnerships

Strategic initiatives that rely on third-party partners expose the company to counterparty execution, data access and pricing risks. Structural dependence limits control over integration timelines and customer experience, potentially slowing scalable expansion into adjacent trades if partners underperform.

Commercial Segment Integration Challenges

Expanding into commercial accounts demands deeper integration and standardized workflows; slower product maturation raises onboarding costs and elongates sales cycles. Structurally, this can delay revenue capture and pressure margins until platform workflows are hardened for larger commercial customers.

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 software model. The company charges its clients a monthly fee for access to its platform, which is tiered based on the size of the business and the features utilized. Key revenue streams include software licensing fees, transaction fees for payment processing, and additional charges for premium features and services. Furthermore, ServiceTitan has formed strategic partnerships with various industry organizations and service providers, enhancing its market presence and contributing to its growth. These collaborations often lead to cross-promotional opportunities and increased customer acquisition, further bolstering the company's earnings.

ServiceTitan, Inc. Class A Financial Statement Overview

Summary

Strong gross margins and a notable swing to positive operating and free cash flow support improving financial quality, and the balance sheet is low-leverage. However, profitability remains the key weakness with meaningfully negative EBIT/EBITDA/net income in TTM despite improvement.

Income Statement

TTM (Trailing-Twelve-Months) revenue is $916.3M with strong gross profitability (gross margin ~68.6%), indicating solid product economics. Revenue growth is positive, but the company remains meaningfully unprofitable: EBIT, EBITDA, and net income are all negative, with a net margin around -23.9% in TTM. The key positive trend is improved profitability versus the most recent annual period (net loss and operating loss have narrowed), but the business still needs substantial operating leverage to reach break-even.

Balance Sheet

The balance sheet looks relatively conservative: TTM debt is ~$158.1M against stockholders’ equity of ~$1.50B, implying low leverage (debt-to-equity ~0.11). Total assets are ~$1.82B, providing a sizable capital base. The main weakness is returns—return on equity is negative in TTM, reflecting ongoing losses rather than balance sheet strain.

Cash Flow

Cash generation has improved materially: TTM operating cash flow is ~$85.0M and free cash flow is ~$80.0M, a sharp turnaround versus prior periods that were cash-flow negative. Free cash flow growth is very strong in TTM, supporting improving financial flexibility. The primary risk is durability—profits are still negative, so continued positive cash flow likely depends on maintaining disciplined working capital and cost control while growth continues.

Breakdown	Dec 2025	Dec 2024	Dec 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	1.15B	1.21B
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 Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 61.29
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TTAN, the sentiment is Negative. The current price of 61.29 is below the 20-day moving average (MA) of 88.21, below the 50-day MA of 96.49, and below the 200-day MA of 104.79, indicating a bearish trend. The MACD of -8.90 indicates Positive momentum. The RSI at 18.27 is Positive, neither overbought nor oversold. The STOCH value of 5.07 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TTAN.

ServiceTitan, Inc. Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PCTY	75 Outperform	$6.89B	31.81	20.42%	―	13.30%	2.80%
APPF	69 Neutral	$6.61B	45.73	26.54%	―	18.88%	54.44%
ESTC	65 Neutral	$6.36B	-55.33	-12.84%	―	16.98%	-265.85%
MNDY	63 Neutral	$5.32B	77.15	5.81%	―	28.62%	186.67%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
TTAN	58 Neutral	$6.02B	-18.65	-36.41%	―	26.49%	-44.77%
QTWO	57 Neutral	$3.60B	113.89	5.68%	―	13.93%	―

ServiceTitan, Inc. Class A Corporate Events

ServiceTitan Expands and Extends Revolving Credit Facility Agreement

On January 30, 2026, ServiceTitan, Inc. amended its existing credit agreement, significantly expanding its revolving credit facility and revising key financial terms. The amendment increased total borrowing capacity from $140 million to $250 million and extended the facility’s maturity to January 30, 2031, while shifting pricing and unused commitment fees to be based on total net leverage and replacing prior recurring revenue and liquidity covenants with a total net leverage covenant. The company also gained greater flexibility through modified negative covenants covering liens, indebtedness, investments, dispositions, restricted payments, and restricted debt payments, and it had voluntarily repaid in full an approximately $107 million term loan under the prior agreement, leaving no loans outstanding under the amended facility at the time of the filing.

The most recent analyst rating on (TTAN) stock is a Buy with a $120.00 price target. To see the full list of analyst forecasts on ServiceTitan, Inc. Class A stock, see the TTAN Stock Forecast page.