ServiceTitan, Inc. (TTAN) Stock

ServiceTitan, Inc. (TTAN) is a Technology stock trading at $92.48 (as of 2026-08-20), with a market capitalization of $3.27B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

ServiceTitan, Inc. facilitates field service activities used to install, maintain, and service infrastructure and systems for residences and commercial buildings. The company was founded in 2008 and is headquartered in Glendale, California.

Understand ServiceTitan, Inc.: how it makes money

ServiceTitan provides software for field service businesses that install, maintain, and service residences and commercial buildings, and it makes money primarily from subscription revenue plus smaller professional services and other revenue.

The profit model is driven by recurring, customer-expansion dynamics, with Net Dollar Retention at 110%, but recent operating profitability is negative (operating margin -16.9%), implying costs are currently running ahead of gross profit generated by the subscription base.

Revenue by segment (latest quarter)
Subscription$0.2B
Professional Services & Other$0.0B

Business quality (Weak): Strong customer retention and expansion metrics support the recurring revenue engine, while the current operating margin remains negative, so investors should focus on whether the company can convert high gross margin into operating leverage.

Bull case

  • Customer expansion in the installed base: Net Dollar Retention is 110 percent, indicating customers are expanding their spending over time.
  • High gross profitability for the core revenue model: Gross margin is 70.8 percent, suggesting the subscription-related revenue base can generate substantial gross profit.
  • Momentum in product-led automation and scheduling: Scheduling Pro Penetration is 99 percent, and Fully Automated Jobs at Fully Ramped Max Customers is 10 percent.

Bear case

  • Operating losses despite strong gross margin: Operating margin is -16.9 percent, so operating costs are not yet covered by gross profit.
  • Professional services remains a small revenue contributor: Professional Services and Other Revenue is 0.01 billion, so the company likely relies mainly on subscription revenue to drive growth and profitability.
  • Retention is strong, but not uniformly high across retention measures: Gross Dollar Retention is 95 percent, meaning not all gross retention dynamics match the net dollar expansion picture.
Valuation — source: SEC EDGAR (first-party)
Price$92.48
Market Cap$3.27B
Price / Book2.10
Price / Sales3.41
FCF Yield3.2%
DCF Value (model)$13.18
DCF Upside vs Price-85.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$960.97M
Net Margin-16.6%
Revenue Growth (YoY)24.6%
EPS Growth (YoY)-52.9%
FCF Growth (YoY)-86.4%
Financial Health — source: SEC EDGAR
Altman Z-Score22.82 (safe)
Piotroski F-Score6/9 (moderate)
Valuation vs Sector & Industry
Sector P/E (Technology)33.9
Industry P/E (Business Services)30.0
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderICONIQ Capital, LLC ($731.54M)
Institutional Holders Tracked10
Congressional Trades (recent)1
Company
SectorTechnology
IndustryBusiness Services
CEOAra Mahdessian
Employees3,049
CountryUS
IPO Date2024-12-12

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TTAN earnings history · TTAN institutional & insider holders · TTAN KPIs & operating metrics · TTAN financials · TTAN investor presentations & press releases · TTAN SEC filings · TTAN peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.