ServiceTitan, Inc. Class A (TTAN)
NASDAQ:TTAN
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ServiceTitan, Inc. Class A
(NASDAQ:TTAN)
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Rating:60Neutral
Price Target:
$65.00
▲(1.07% Upside)
Action:ReiteratedDate:03/13/26
The score is driven primarily by improving fundamentals (growth, margin expansion, better cash flow) but still-material profitability/consistency risks in the financials. Earnings-call guidance and sentiment are constructive and support upside, while technicals are mixed and valuation support is limited due to losses and no dividend.
Positive Factors
Recurring SaaS growth & retention
A ~10.8k customer base with >110% net dollar retention and 14% customer growth indicates durable recurring revenue and strong upsell dynamics. High retention reduces churn-related volatility and supports predictable ARR expansion, enabling scalable revenue growth from existing customers over time.
Negative Factors
Persistent net losses & negative ROE
Despite margin progress, the company remains materially unprofitable with negative net margins and returns on equity. Continued losses mean shareholder capital isn't yet producing positive returns, requiring sustained cash generation and margin delivery to convert growth into durable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring SaaS growth & retention
A ~10.8k customer base with >110% net dollar retention and 14% customer growth indicates durable recurring revenue and strong upsell dynamics. High retention reduces churn-related volatility and supports predictable ARR expansion, enabling scalable revenue growth from existing customers over time.
Read all positive factors
ServiceTitan, Inc. Class A (TTAN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.01B
Dividend YieldN/A
Average Volume (3M)1.14M
Price to Earnings (P/E)―
Beta (1Y)0.90
Revenue Growth24.50%
EPS Growth53.16%
CountryUS
Employees3,049
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-1.73
Shares Outstanding82,610,070
10 Day Avg. Volume1,061,515
30 Day Avg. Volume1,140,499
Financial Highlights & Ratios
PEG Ratio0.58
Price to Book (P/B)4.83
Price to Sales (P/S)7.67
P/FCF Ratio86.66
Enterprise Value/Market Cap0.94
Enterprise Value/Revenue5.86
Enterprise Value/Gross Profit8.35
Enterprise Value/Ebitda-84.39
Forecast
1Y Price Target
$102.67Price Target Upside59.65% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering14
EPS Forecast (FY)1.28
Revenue Forecast (FY)$1.12B
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 o...
How the Company Makes Money
ServiceTitan primarily makes money through software subscriptions to its cloud platform (SaaS). Customers pay recurring fees (typically contracted/renewing terms) to access modules and functionality used to operate their service businesses; revenu...
ServiceTitan, Inc. Class A Key Performance Indicators (KPIs)
ServiceTitan, Inc. Class A Earnings Call Summary
Earnings Call Date:Mar 12, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Jun 04, 2026
Earnings Call Sentiment Positive
The call conveyed a predominantly positive operating and financial picture: healthy revenue growth (FY26 revenue +24%), strong expansion in subscription and usage revenues, meaningful margin expansion, sizable free cash flow improvement and disciplined capital actions. Management emphasized a major strategic opportunity with the Agentic operating system (Max) and early customer outcomes that suggest material revenue and margin upside as adoption scales. Near-term headwinds include weather/comps and seasonality, capacity constraints in scaling Max, and planned aggressive investments in AI/R&D that could shift expense mix in the short term. Early-stage AI products (Virtual Agents) introduce forecasting uncertainty. Overall, the positive operational momentum, significant margin and free cash flow improvements, and concrete early AI-driven customer results outweigh the execution and timing risks discussed.Positive Updates
Revenue Growth and Annualized Run Rate
FY26 total revenue of $961M, up 24% year-over-year; surpassed a $1.0B annualized revenue run rate. Q4 total revenue was $254M, up 21% year-over-year.
Negative Updates
Weather and Business-Day Headwinds Impacting GTV
Q4 experienced unusual weather dynamics (warmer overall period and a late-quarter ice storm) plus one fewer business day, resulting in roughly a 300 bps lower GTV growth contribution from existing customers versus the year-ago comparable.
Read all updates
Q4-2026 Updates
Positive
Negative
Revenue Growth and Annualized Run Rate
FY26 total revenue of $961M, up 24% year-over-year; surpassed a $1.0B annualized revenue run rate. Q4 total revenue was $254M, up 21% year-over-year.
Read all positive updates
Company Guidance
ServiceTitan guided Q1 FY‑2027 total revenue of $255M–$257M and operating income of $27M–$28M, and full‑year FY‑2027 total revenue of $1.11B–$1.12B with operating income of $128M–$133M while reiterating a 25% incremental operating‑margin framework for the year (after FY‑26 outperformance at 36% incremental margin); management noted they don’t manage incrementals quarterly and expect the mix of line‑item spend to shift modestly as they invest more in AI inference and internal tooling. They flagged seasonality and cash flow dynamics (annual cash bonuses drive Q1 negative free cash flow; Q2 is seasonally the strongest GTV quarter; Q3 customer conferences will elevate S&M), called out one extra business day in Q1 and Q2 (one fewer in Q3; Q4 comparable), and said usage/AI monetization (including Virtual Agents and partner monetization) is included modestly in the guide and could cause Usage revenue to grow faster than GTV in FY‑27.ServiceTitan, Inc. Class A Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
72
Positive
Cash Flow
61
Positive
| Breakdown | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 960.97M | 771.88M | 614.34M | 467.73M |
| Gross Profit | 673.74M | 500.93M | 376.63M | 266.02M |
| EBITDA | -66.69M | -141.04M | -93.58M | -170.38M |
| Net Income | -159.85M | -239.09M | -195.15M | -269.52M |
Balance Sheet | ||||
| Total Assets | 1.75B | 1.77B | 1.52B | 1.60B |
| Cash, Cash Equivalents and Short-Term Investments | 428.77M | 441.80M | 146.71M | 202.49M |
| Total Debt | 51.37M | 165.41M | 245.96M | 253.12M |
| Total Liabilities | 219.82M | 314.06M | 366.11M | 385.85M |
| Stockholders Equity | 1.53B | 1.45B | 1.15B | 1.21B |
Cash Flow | ||||
| Free Cash Flow | 85.07M | 15.45M | -84.32M | -212.72M |
| Operating Cash Flow | 110.13M | 37.05M | -39.70M | -120.75M |
| Investing Cash Flow | -44.84M | -22.78M | -40.35M | -681.18M |
| Financing Cash Flow | -78.79M | 279.71M | 24.27M | 889.03M |
ServiceTitan, Inc. Class A Technical Analysis
Neutral
64.31
Price Trends
66.54
Negative
81.77
Negative
93.02
Negative
Market Momentum
-2.45
Negative
50.11
Neutral
74.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TTAN, the sentiment is Neutral. The current price of 64.31 is above the 20-day moving average (MA) of 62.08, below the 50-day MA of 66.54, and below the 200-day MA of 93.02, indicating a neutral trend. The MACD of -2.45 indicates Negative momentum. The RSI at 50.11 is Neutral, neither overbought nor oversold. The STOCH value of 74.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TTAN.
ServiceTitan, Inc. Class A Risk Analysis
ServiceTitan, Inc. Class A disclosed 62 risk factors in its most recent earnings report. ServiceTitan, Inc. Class A reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
ServiceTitan, Inc. Class A Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $5.98B | 13.18 | 22.36% | ― | 11.31% | 16.71% | |
76 Outperform | $5.89B | 33.20 | 30.90% | ― | 20.72% | -21.76% | |
72 Outperform | $3.14B | 27.67 | 11.91% | ― | 14.00% | ― | |
67 Neutral | $3.69B | 24.86 | 9.88% | ― | 26.75% | 256.36% | |
63 Neutral | $5.41B | 224.68 | -9.44% | ― | 17.29% | 38.72% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | $6.01B | -46.12 | -10.70% | ― | 24.50% | 53.16% |
* Technology Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.