ServiceTitan
TTANNASDAQUSD
- Source valuation snapshot. Not a live recalculation.
- Latest filed annual earnings; price snapshot date unavailable. Not forward P/E.
- Diluted earnings per share from the latest filed annual.
- $82.29 Prior regular-session close from the quote source.
- $80.26–$83.91 Regular-session low and high so far today.
- 1.4M Regular-session shares traded · Nov 11, 4:00 PM ET.
- Not yet confirmed The company has not confirmed its next report date. Reported quarters are available in the chart’s Earnings view.
- $53.00–$111.36 52-week trading low and high returned by the quote source.
Understand the Business
Why the Stock Moved
Period-matched expectations history is not yet available. Current metrics are not a substitute for a historical explanation.
The core investment thesis
Own TTAN if ServiceTitan builds and monetizes a trades-specific, end-to-end operating system whose proprietary GTV data and FinTech add-ons create high switching costs and cross-sell that convert into durable SaaS growth and improving margins.
TTAN price history
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Investment thesis
What must happen next
ServiceTitan’s proprietary GTV dataset and AI-driven, trades-specific workflows will sustain customer ROI and expansion, preserving strong revenue growth as customers process more jobs and buy add-ons.StrengtheningMateriality: High
Revenue increased from 771,878,000 (FY2025) to 960,965,000 (FY2026). If true, revenue growth remains high and justifies the premium multiple; if false, growth slows and the valuation will be exposed.
Watch: A large platform vendor (e.g., Salesforce or Microsoft) or payments provider bundles field-service plus payments tightly into an enterprise-grade offering that undercuts ServiceTitan’s vertical advantage.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Revenue increased from 771,878,000 (FY2025) to 960,965,000 (FY2026).
Open source ↗Growth in usage-based FinTech (payments and consumer financing) will favorably shift revenue mix and expand platform gross margins because processing economics scale and certain payment expenses are passed through.StrengtheningMateriality: High
Gross profit rose from 500,927,000 (FY2025) to 673,739,000 (FY2026), implying an increase in gross margin (MD&A notes usage-based revenue and payments mix impact). Gross-margin expansion drives cash generation and funds product investment; if payment economics deteriorate, margins and cash will weaken.
Watch: Regulatory changes or card network/processor pricing shifts reduce the economics of payments for ServiceTitan.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Gross profit rose from 500,927,000 (FY2025) to 673,739,000 (FY2026), implying an increase in gross margin (MD&A notes usage-based revenue and.
Open source ↗Because ServiceTitan is implemented across core workflows (CRM, FSM, ERP, HCM, FinTech) and acts as system-of-record, switching costs and embedded workflows will enable operating leverage: faster revenue growth should translate into narrowing operating losses and eventual operating profitability.HoldingMateriality: Medium
Operating loss narrowed from -229,952,000 (FY2025) to -169,205,000 (FY2026). Operating leverage is necessary to convert top-line growth into EPS and justify the valuation; absence of leverage would impair returns.
Watch: Sustained high spending on sales, marketing or R&D to fend off competitors prevents operating leverage.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Operating loss narrowed from -229,952,000 (FY2025) to -169,205,000 (FY2026).
Open source ↗Positive and rising operating cash flow plus a multi-hundred million cash balance provide resilience and the optionality to invest organically or via acquisitions to accelerate cross-sell and new-trade expansion without immediate equity financing.StrengtheningMateriality: Medium
Operating cash flow improved from 37,053,000 (FY2025) to 110,131,000 (FY2026). If true, the company can fund growth and buy complementary assets to deepen its moat; if false, the company may dilute shareholders or slow strategic expansion.
Watch: A large acquisition that fails to integrate or requires significant cash outlays could deplete reserves and reduce focus on core execution.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Operating cash flow improved from 37,053,000 (FY2025) to 110,131,000 (FY2026).
Open source ↗
Full investment case & evidence
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Original research
ServiceTitan’s proprietary GTV dataset and AI-driven, trades-specific workflows will sustain customer ROI and expansion, preserving strong revenue growth as customers process more jobs and buy add-ons. If true, revenue growth remains high and justifies the premium multiple; if false, growth slows and the valuation will be exposed.
Growth in usage-based FinTech (payments and consumer financing) will favorably shift revenue mix and expand platform gross margins because processing economics scale and certain payment expenses are passed through. Gross-margin expansion drives cash generation and funds product investment; if payment economics deteriorate, margins and cash will weaken.
Because ServiceTitan is implemented across core workflows (CRM, FSM, ERP, HCM, FinTech) and acts as system-of-record, switching costs and embedded workflows will enable operating leverage: faster revenue growth should translate into narrowing operating losses and eventual operating profitability. Operating leverage is necessary to convert top-line growth into EPS and justify the valuation; absence of leverage would impair returns.
Positive and rising operating cash flow plus a multi-hundred million cash balance provide resilience and the optionality to invest organically or via acquisitions to accelerate cross-sell and new-trade expansion without immediate equity financing. If true, the company can fund growth and buy complementary assets to deepen its moat; if false, the company may dilute shareholders or slow strategic expansion.
All standing thesis claims
Original report summary
ServiceTitan builds and monetizes a trades-specific, end-to-end operating system whose proprietary GTV data and FinTech add-ons create high switching costs and cross-sell that convert into durable SaaS growth and improving margins.
Bull case and bear case
Bull case and bear case for ServiceTitan
Where the evidence on ServiceTitan stands: Holding on the latest evidence (Nov 8, 2026). Of its 4 thesis points, 3 strengthening and 1 holding.
Bull case: what the evidence supports
ServiceTitan’s proprietary GTV dataset and AI-driven, trades-specific workflows will sustain customer ROI and expansion, preserving strong revenue growth as customers process more jobs and buy add-ons.
Growth in usage-based FinTech (payments and consumer financing) will favorably shift revenue mix and expand platform gross margins because processing economics scale and certain payment expenses are passed through.
Because ServiceTitan is implemented across core workflows (CRM, FSM, ERP, HCM, FinTech) and acts as system-of-record, switching costs and embedded workflows will enable operating leverage: faster revenue growth should translate into narrowing operating losses and eventual operating profitability.
Positive and rising operating cash flow plus a multi-hundred million cash balance provide resilience and the optionality to invest organically or via acquisitions to accelerate cross-sell and new-trade expansion without immediate equity financing.
Bear case: what would count against it
A large platform vendor (e.g., Salesforce or Microsoft) or payments provider bundles field-service plus payments tightly into an enterprise-grade offering that undercuts ServiceTitan’s vertical advantage.
Regulatory changes or card network/processor pricing shifts reduce the economics of payments for ServiceTitan.
Sustained high spending on sales, marketing or R&D to fend off competitors prevents operating leverage.
Thesis-Break Engine
Thesis-break watch · ServiceTitan
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MARKET + FINANCIAL SNAPSHOT
The numbers behind the thesis
What Changed
- MixedReported results of operations (earnings release).
ServiceTitan filed an SEC 8-K on 2026-09-08: Reported results of operations (earnings release). It is a dated development that tests the current thesis.
- MixedReported results of operations (earnings release).
ServiceTitan filed an SEC 8-K on 2026-06-04: Reported results of operations (earnings release). It is a dated development that tests the current thesis.
Risks / falsifiers
What could break the thesis
- A large platform vendor (e.g., Salesforce or Microsoft) or payments provider bundles field-service plus payments tightly into an enterprise-grade offering that undercuts ServiceTitan’s vertical advantage.
- Regulatory changes or card network/processor pricing shifts reduce the economics of payments for ServiceTitan.
- Sustained high spending on sales, marketing or R&D to fend off competitors prevents operating leverage.
- A large acquisition that fails to integrate or requires significant cash outlays could deplete reserves and reduce focus on core execution.
TTAN news
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Financial statements
TTAN income statement
Annual filed results · USD · Oldest to newest. Margins are calculated from the reported figures.
TTAN: quick answers
- Have members of Congress traded TTAN?
- 4 trades in TTAN have been disclosed under the STOCK Act by members of Congress, the President or senior officials, none in reports made public in the last 90 days. Every disclosed TTAN trade
- Which well-known investors own TTAN?
- 2 of the 37 well-known funds tracked here reported TTAN shares in their latest 13F filings. By share of the fund's portfolio: Dragoneer Investment Group, 2.5%; Bridgewater Associates (Ray Dalio), 0.0%. Fund portfolios
TTAN in well-known investors’ portfolios
2 of 37 funds reported TTAN shares in their latest 13F filing. A 13F shows quarter-end positions and arrives up to 45 days later.
| Fund | Of its portfolio | Value | Change | Quarter |
|---|---|---|---|---|
| Dragoneer Investment Group | 2.5% | $70.8M | No change | Q2 2026 |
| Ray DalioBridgewater Associates | 0.00% | $663K | +3.7% | Q2 2026 |