TTAN Technology

ServiceTitan, Inc.

$83.17+0.31%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Technology
Industry: Software - Application
Country: United States
Market cap: 8.0B USD
Enterprise value: 6.7B USD
Full-time employees: 3,414

Overall health

Strength: growing faster than most peersgrowing faster than peers
Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Ranks #813 of 1,612 technology companies (bottom 50%)

See how it ranks against its peers

Worth knowing

Stock-based pay is a large cost. Stock pay was 21% of revenue in FY Jan 2026.
ServiceTitan paid employees $197M in stock in FY Jan 2026, 21% of its $961M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.
Operating loss narrowing. Operating margin -18% in FY Jan 2026, the smallest loss relative to revenue of the last 4 years.
ServiceTitan still lost money on operations in FY Jan 2026 (margin -18%), but that was its smallest operating loss relative to revenue in the 4 years of filings we have.
Not profitable yet. Reported a loss in the 12 months to July 2026.
ServiceTitan reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.
Little borrowing. Debt is 0.00× equity vs a peer median of 0.2×.Debt is 0.00× equity vs peers 0.2×.
ServiceTitan has among the least debt in its peer group relative to shareholders' equity.

StockQuotient Score

51/ 100

Oct 5 52 → Nov 4 51 (-1)

Valuation

Is the price right?

18/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-1.6%

SEC filings · 12 months to Jul 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.00Sector median: 0.0225 · MAD: 0.0225

EBITDA yield-0.7%

SEC filings · 12 months to Jul 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.17Sector median: 0.0423 · MAD: 0.0361

Free cash flow yield1.7%

SEC filings · 12 months to Jul 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -0.37Sector median: 0.0274 · MAD: 0.0274

Other data (not scored)

Book yield20.1%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.3292 · MAD: 0.1754

Growth

Is it growing?

82/100

Strong

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 5.0%

Why

Stronger than most peers on:

▲ 3-yr revenue
▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Still loss-making, but the loss per share narrowed33% base weight · Z-score 0.30Sector median: 0.1108 · MAD: 0.3050

3-year revenue growth27.1%

Yahoo Finance fallback · SEC figure unavailable or out of date · 3 fiscal years to Jan 2026Reported value33% base weight · Z-score 2.81Sector median: 0.0483 · MAD: 0.0793

Revenue growth22.9%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score 1.41Sector median: 0.0853 · MAD: 0.1017

Profitability

Does it earn well?

11/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ ROA
▼ Operating margin
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-13.0%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score -2.72Sector median: 0.0631 · MAD: 0.0710

Return on assets-7.2%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score -2.79Sector median: 0.0293 · MAD: 0.0362

Return on invested capital-9.7%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score -1.92Sector median: 0.0676 · MAD: 0.0857

Other data (not scored)

Gross margin71.1%

SEC filings · 12 months to Jul 2026Reported valueInformational · 0% composite weightSector median: 0.3343 · MAD: 0.1632

Return on equity-8.0%

SEC filings · 12 months to Jul 2026Reported valueInformational · 0% composite weightSector median: 0.0753 · MAD: 0.0889

Risk

Debt, liquidity, price swings

Lower

Lower relative risk

2/3 inputs reported · Partial data

Since last quarter: No major change

Why

Stronger than most peers on:

▲ Debt / equity
▲ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

BetaUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.8710 · MAD: 0.3700

Current ratio4.55×

SEC filings · latest balance sheetReported value33% base weight · Z-score 3.97Sector median: 1.8295 · MAD: 0.6848

Debt / equity0.00×

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score 1.08Sector median: 0.2495 · MAD: 0.2270

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about ServiceTitan

Is ServiceTitan getting weaker?: Its latest SEC filing (Sep 8, 2026) showed no major changes. Its overall score is unchanged at 51/100 since Oct 28, 2026.
How is ServiceTitan valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 18/100 against 1,711 technology peers. Earnings yield -1.6% vs a peer median of 2.2% (weaker than 100% of peers).Earnings yield -1.6% vs peers 2.2% (weaker than 100% of peers).
Is ServiceTitan growing?: Yes, faster than most of its peers. Growth scores 82/100 against 1,711 technology peers. 3-year revenue growth 27.1% vs a peer median of 4.8% (stronger than 92% of peers).3-year revenue growth 27.1% vs peers 4.8% (stronger than 92% of peers).
How profitable is ServiceTitan?: Less profitable than most of its peers. Profitability scores 11/100 against 1,711 technology peers. Return on assets -7.2% vs a peer median of 2.9% (weaker than 92% of peers).Return on assets -7.2% vs peers 2.9% (weaker than 92% of peers).
How risky is ServiceTitan?: Lower risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Debt / equity 0.00× vs a peer median of 0.25× (stronger than 95% of peers).Debt / equity 0.00× vs peers 0.25× (stronger than 95% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jul 31, 2026 · filed Sep 8, 2026 · compared with the quarter ended Apr 30, 2026

No major changes

Worth watching: ServiceTitan is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	1.0B USD	1.1B USD	+5.0%
Net income (12 months)	−136.4M USD	−129.1M USD	−5.4%
Operating margin	-14.3%	-13.0%	+1.4 pts
Free cash flow (12 months)	119.1M USD	136.8M USD	+14.8%
Cash	421.5M USD	479.5M USD	+13.8%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Software - Application · 81 companies

Valuations in Software - Application are near the bottom of their range since 2016.

6% of months since 2016 were valued lower than now.
8% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values −16% and earnings +31% (medians): earnings grew faster than prices.
Median price-to-sales is +85% vs the whole market, against a usual +235%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY Jan 2023	FY Jan 2024	FY Jan 2025	FY Jan 2026	Change
Gross margin	56.9%	61.3%	64.9%	70.1%	▲ 5.2 pts
Operating margin	-47.4%	-29.8%	-29.8%	-17.6%	▲ 12 pts
Net margin	-57.6%	-31.8%	-31.0%	-16.6%	▲ 14 pts
Return on assets (ROA)	—	-12.9%	-13.5%	-9.2%	▲ 4.4 pts
Return on equity (ROE)	—	—	-16.4%	-10.5%	▲ 6.0 pts
Free cash flow margin	-41.6%	-11.1%	4.3%	11.0%	▲ 6.7 pts
Current ratio	—	1.99×	3.74×	3.49×	▼ 6.8%
Debt to equity	—	—	0.07×	0.00×	▼ 100%
Interest coverage	-4.07×	-11.13×	-14.82×	-23.41×	▼ 58%

TTAN price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: growing faster than most peersgrowing faster than peers

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Ranks #813 of 1,612 technology companies (bottom 50%)

See how it ranks against its peers

Worth knowing

Stock-based pay is a large cost. Stock pay was 21% of revenue in FY Jan 2026.

ServiceTitan paid employees $197M in stock in FY Jan 2026, 21% of its $961M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.

Operating loss narrowing. Operating margin -18% in FY Jan 2026, the smallest loss relative to revenue of the last 4 years.

ServiceTitan still lost money on operations in FY Jan 2026 (margin -18%), but that was its smallest operating loss relative to revenue in the 4 years of filings we have.

Not profitable yet. Reported a loss in the 12 months to July 2026.

ServiceTitan reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

Little borrowing. Debt is 0.00× equity vs a peer median of 0.2×.Debt is 0.00× equity vs peers 0.2×.

ServiceTitan has among the least debt in its peer group relative to shareholders' equity.

Questions investors ask about ServiceTitan

Is ServiceTitan getting weaker?

Its latest SEC filing (Sep 8, 2026) showed no major changes. Its overall score is unchanged at 51/100 since Oct 28, 2026.

How is ServiceTitan valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 18/100 against 1,711 technology peers. Earnings yield -1.6% vs a peer median of 2.2% (weaker than 100% of peers).Earnings yield -1.6% vs peers 2.2% (weaker than 100% of peers).

Is ServiceTitan growing?

Yes, faster than most of its peers. Growth scores 82/100 against 1,711 technology peers. 3-year revenue growth 27.1% vs a peer median of 4.8% (stronger than 92% of peers).3-year revenue growth 27.1% vs peers 4.8% (stronger than 92% of peers).

How profitable is ServiceTitan?

Less profitable than most of its peers. Profitability scores 11/100 against 1,711 technology peers. Return on assets -7.2% vs a peer median of 2.9% (weaker than 92% of peers).Return on assets -7.2% vs peers 2.9% (weaker than 92% of peers).

How risky is ServiceTitan?

Lower risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Debt / equity 0.00× vs a peer median of 0.25× (stronger than 95% of peers).Debt / equity 0.00× vs peers 0.25× (stronger than 95% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

1.0B USD

1.1B USD

+5.0%

Net income (12 months)

−136.4M USD

−129.1M USD

−5.4%

Operating margin

-14.3%

-13.0%

+1.4 pts

Free cash flow (12 months)

119.1M USD

136.8M USD

+14.8%

Cash

421.5M USD

479.5M USD

+13.8%

Key ratios

FY Jan 2023

FY Jan 2024

FY Jan 2025

FY Jan 2026

Change

Gross margin

56.9%

61.3%

64.9%

70.1%

▲ 5.2 pts

Operating margin

-47.4%

-29.8%

-17.6%

▲ 12 pts

Net margin

-57.6%

-31.8%

-31.0%

-16.6%

▲ 14 pts

Return on assets (ROA)

—

-12.9%

-13.5%

-9.2%

▲ 4.4 pts

Return on equity (ROE)

—

-16.4%

-10.5%

▲ 6.0 pts

Free cash flow margin

-41.6%

-11.1%

4.3%

11.0%

▲ 6.7 pts

Current ratio

—

1.99×

3.74×

3.49×

▼ 6.8%

Debt to equity

—

0.07×

0.00×

▼ 100%

Interest coverage

-4.07×

-11.13×

-14.82×

-23.41×

▼ 58%