ServiceTitan, Inc.

Listed Company

TTANCIK 0001638826NasdaqLarge AcceleratedServices-Prepackaged SoftwareDelawareFY ends Jan 31

Period

FY 2026

Revenue

$960.97M

Net Income

$-159.85M

Total Assets

$1.75B

Equity

$1.53B

Shares Out

35.40M

Op. Cash Flow

$110.13M

Business

ServiceTitan, Inc. is the operating system that powers the trades, providing a cloud-based platform that modernizes field service businesses by connecting and managing end-to-end workflows. It offers a suite of products and services including CRM, field service management, scheduling and dispatch, estimating and job costing, payment processing and consumer financing, mobile and web applications, AI-driven insights, and back-office accounting and inventory tools. ServiceTitan organizes its offerings into Core, FinTech and Pro product families alongside customer success, implementation and professional services and its Titan Intelligence AI capabilities. The company primarily serves trades businesses in the United States and Canada through direct sales, digital marketing, channel partnerships and cloud/mobile distribution.

Summary from filing dated 2025-04-02

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31
Total revenue	961	772	614	468
Total cost of revenue	287	271	238	202
Gross profit	674	501	377	266
Sales and marketing	291	253	220	197
Research and development	303	263	204	159
General and administrative	249	214	136	132
Total operating expenses	843	731	559	488
Loss from operations	−169	−230	−183	−222
Interest expense	−7	−16	−16	−55
Interest income	19	9	7	2
Loss on extinguishment of debt	−2	—	—	−10
Other income (expense), net	2	−72,000	1	2
Total other income (expense), net	12	−7	−8	−61
Loss before income taxes	−157	−237	−191	−283
Provision for income taxes	3	2	4	−13
Net loss	−160	−239	−195	−270
Adjustments to net loss attributable to common stockholders (see Note 15)	—	−121	−46	−13
Net loss attributable to common stockholders	−160	−360	−241	−283
Net loss per share, basic	−1.73	−8.53	−7.24	−9.31
Net loss per share, diluted	−1.73	−8.53	−7.24	−9.31
Weighted-average shares used in computing net loss per share, basic	92	42	33	30
Weighted-average shares used in computing net loss per share, diluted	92	42	33	30

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Cash and cash equivalents	429	442	147	202	—
Restricted cash	166,000	711,000	1	—	—
Accounts receivable, net of allowance of $11,963 and $4,698 as of January 31, 2026 and January 31, 2025, respectively	56	44	28	—	—
Deferred contract costs, current	15	12	9	—	—
Contract assets	58	46	39	—	—
Prepaid expenses	26	25	23	—	—
Other current assets	7	4	2	—	—
Total current assets	591	573	249	—	—
Restricted cash, noncurrent	417,000	333,000	750,000	—	—
Deferred contract costs, noncurrent	15	11	8	—	—
Property and equipment, net	39	57	97	—	—
Operating lease right-of-use assets	19	24	43	—	—
Internal-use software, net	39	36	29	—	—
Intangible assets, net	177	215	251	—	—
Goodwill	860	846	831	831	—
Other assets	5	8	7	—	—
Total assets	1,745	1,769	1,518	—	—
Accounts payable and other accrued expenses	52	40	45	—	—
Accrued personnel related expenses	83	80	55	—	—
Deferred revenue, current	19	17	11	—	—
Operating lease liabilities, current	14	13	11	—	—
Short-term debt	0	1	2	—	—
Other current liabilities	1	2	688,000	—	—
Total current liabilities	169	153	125	—	—
Operating lease liabilities, noncurrent	37	47	59	—	—
Long-term debt, net	0	104	175	—	—
Other noncurrent liabilities	13	10	8	—	—
Total liabilities	220	314	366	—	—
Commitments and contingencies (Note 8)	—	—	—	—	—
Preferred stock, par value $0.001, 100,000,000 shares authorized as of January 31, 2026 and 2025, respectively. 0 shares issued and outstanding as of January 31, 2026 and 2025	0	0	0	—	—
Additional paid-in capital	2,791	2,560	389	—	—
Accumulated deficit	−1,266	−1,106	−867	—	—
Total stockholders' equity	1,525	1,455	−478	−335	−246
Total liabilities, and stockholders' equity	1,745	1,769	1,518	—	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31
Net loss	−160	−239	−195	−270
Depreciation and amortization expense	83	80	81	58
Amortization of deferred contract costs	15	11	9	6
Non-cash operating lease expense	6	6	8	8
Stock-based compensation expense	197	164	102	64
Loss on impairment and disposal of assets	11	39	5	277,000
Change in valuation of contingent consideration	—	−135,000	−1	−1
Deferred income taxes	2	1	2	−15
Amortization of debt issuance costs	457,000	327,000	141,000	5
Gain on sale of intangibles	—	—	−1	—
Provision for credit losses	9	4	3	391,000
Accounts receivable	−21	−18	−8	−4
Prepaid expenses and other current assets	−2	−3	−3	−1
Deferred contract costs	−22	−16	−13	−11
Contract assets	−12	−7	−12	−10
Other assets	−2	3	−2	−3
Accounts payable and other accrued expenses	12	−9	−3	7
Accrued personnel related expenses	3	23	−962,000	18
Operating lease liabilities	−12	−9	−9	9
Other liabilities	−222,000	2	−3	2
Deferred revenue	2	3	369,000	2
Net cash provided by (used in) operating activities	110	37	−40	−121
Capitalized internal-use software	−20	−18	−16	−15
Purchase of property and equipment	−5	−4	−28	−74
Cash received for sale of intangible assets	—	—	3	—
Deposits for property and equipment	−477,000	—	−518,000	−3
Repayment of loan to employee	—	—	2	515,000
Acquisition of business, net of cash acquired	−20	−1	—	−590
Net cash used in investing activities	−45	−23	−40	−681
Payment of contingent consideration	—	−300,000	−835,000	−675,000
Proceeds from exercise of stock options	29	7	10	7
Proceeds from issuance of common stock in initial public offering, net of underwriting costs	—	683	—	—
Repayment of non-convertible preferred stock	—	−311	—	—
Payment of debt arrangements	−107	−72	−1	−725
Payment of deferred initial public offering costs	−599,000	—	—	—
Costs associated with initial public offering	—	−8	−334,000	−2
Shares repurchased for tax withholding for the settlement of restricted stock units	—	−19	−17	−3
Net cash provided by (used in) financing activities	−79	280	24	889
Net increase (decrease) in cash, cash equivalents, and restricted cash	−13	294	−56	87
Cash paid for interest expense	7	16	15	49
Cash paid for amounts included in the measurement of lease liabilities	14	13	15	11
Cash paid for income taxes	825,000	2	2	861,000
Tenant improvements received from lessor	—	1	4	18
Issuance of common stock in consideration for business acquisition	—	23	—	45
Capitalized internal-use software additions included in accrued expenses	225,000	3	1	2
Stock-based compensation capitalized in internal-use software	5	4	2	2
Property and equipment purchases included in accounts payable and accrued expenses	32,000	68,000	16,000	7
Contingent consideration for acquisition included in accounts payable and accrued operating expenses and other liabilities	—	—	435,000	2
Reclassification from liabilities to additional paid-in capital upon vesting of early exercised stock options	68,000	204,000	523,000	2
Conversion of preferred stock to common stock	—	1	—	—
Costs associated with initial public offering included in accrued expenses	—	450,000	3	3
Right-of-use assets obtained in exchange for lease obligations	4	1	3	669,000
Reduction in right-of-use asset and lease liability due to lease modifications	486,000	1	—	—
Change in asset retirement obligations	346,000	66,000	359,000	2

Filings

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