ServiceTitan, Inc. Class A (TTAN) AI Stock Analysis

• Market Cap: $10.30B
• Dividend Yield: N/A
• Average Volume (3M): 1.44M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.74
• Revenue Growth: 26.45%
• EPS Growth: -74.34%
• Country: US
• Employees: 3,049
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.33
• Shares Outstanding: 79,717,700
• 10 Day Avg. Volume: 2,051,520
• 30 Day Avg. Volume: 1,442,115
• PEG Ratio: -0.09
• Price to Book (P/B): 2.98
• Price to Sales (P/S): 5.61
• P/FCF Ratio: 280.29
• Enterprise Value/Market Cap: 1.01
• Enterprise Value/Revenue: 11.99
• Enterprise Value/Gross Profit: 17.67
• Enterprise Value/Ebitda: -75.80
• 1Y Price Target: $134.60
• Price Target Upside: 29.61% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 18

• Rating: 54 Neutral
• Price Target: $116.00 ▲(11.70% Upside)

ServiceTitan, Inc. demonstrates strong revenue growth and improving cash flow, but faces challenges in achieving profitability. The positive earnings call and strategic advancements in AI and partnerships provide a favorable outlook. However, the negative P/E ratio and lack of dividend yield weigh on the valuation, and technical indicators suggest mixed momentum.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, enhancing long-term financial stability.

AI and Automation Advancements

AI advancements improve operational efficiency and customer value, positioning ServiceTitan as a leader in tech-driven service solutions.

Partnership with Roto-Rooter

This partnership expands market reach and strengthens ServiceTitan's position in the plumbing and drain cleaning industry.

Negative Factors

Profitability Challenges

Ongoing profitability issues may hinder long-term financial health and limit reinvestment opportunities for growth.

Slower Growth in Residential HVAC

Slower growth in a key segment could impact overall revenue expansion and market competitiveness in the HVAC industry.

Hiring Challenges

Delays in hiring can affect scaling operations and meeting increasing demand, potentially impacting service delivery and growth.

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 on June 8, 2008 and is headquartered in Glendale, CA.

How the Company Makes Money

ServiceTitan generates revenue primarily through its subscription-based SaaS model. Businesses pay a recurring fee to access and utilize the platform's various features and tools. This model provides a consistent revenue stream as long as clients remain subscribed. Additionally, ServiceTitan may earn revenue through integration partnerships with third-party applications and services, which can enhance the functionality of its platform. The company may also offer premium services or modules at an additional cost, further diversifying its income sources. Key factors contributing to its earnings include its large customer base across various service industries and the ongoing demand for digital transformation in business operations.

ServiceTitan, Inc. Class A Financial Statement Overview

Summary

ServiceTitan, Inc. shows strong revenue growth and improving cash flow, yet faces challenges in profitability and operational efficiency. The balance sheet reflects a robust equity position with low leverage, providing financial stability. Continued focus on reducing operating losses and improving cost management will be crucial for translating growth into sustainable profitability.

Income Statement

ServiceTitan, Inc. shows consistent revenue growth with a 25.63% increase from 2024 to 2025, following a robust 31.34% rise from 2023 to 2024. However, the company struggles with profitability, as evidenced by negative EBIT, EBITDA, and net income margins. The gross profit margin is relatively strong at 64.93% for 2025, but the high operating losses indicate significant challenges in cost management and achieving economies of scale.

Balance Sheet

The balance sheet shows a strong equity position with a positive stockholders' equity of $1.45 billion in 2025, recovering from negative equity in previous years. The debt-to-equity ratio stands at a low 0.11, indicating low leverage and reduced financial risk. However, the equity ratio of 82.22% suggests a high reliance on equity financing, which might be unsustainable without profitability improvements.

Cash Flow

ServiceTitan demonstrates a positive turnaround in cash flow with an operating cash flow of $37.05 million in 2025, up from negative values in prior years. Free cash flow is also positive at $15.45 million, marking a significant improvement. The free cash flow to net income ratio remains challenging due to negative net income, but the positive cash flow trajectory indicates better cash management and operational efficiencies.

Breakdown	TTM	Dec 2024	Dec 2024	Dec 2022
Income Statement
Total Revenue	866.37M	614.34M	771.88M	467.73M
Gross Profit	587.87M	376.63M	500.93M	266.02M
EBITDA	-137.04M	-93.58M	-141.04M	-170.38M
Net Income	-225.99M	-195.15M	-239.09M	-269.52M
Balance Sheet
Total Assets	1.78T	1.52B	1.77B	1.60B
Cash, Cash Equivalents and Short-Term Investments	471.49B	146.71M	441.80M	202.49M
Total Debt	54.74B	245.96M	165.41M	253.12M
Total Liabilities	294.47B	366.11M	314.06M	385.85M
Stockholders Equity	1.49T	-477.86M	1.45B	-335.15M
Cash Flow
Free Cash Flow	24.68B	-84.32M	15.45M	-212.72M
Operating Cash Flow	56.73M	-39.70M	37.05M	-120.75M
Investing Cash Flow	-23.40M	-40.35M	-22.78M	-681.18M
Financing Cash Flow	309.41M	24.27M	279.71M	889.03M

ServiceTitan, Inc. Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DAY	76 Outperform	10.86B	226.71	0.71%	―	13.46%	2.06%
ESTC	68 Neutral	9.13B	-107.54	-8.60%	―	17.42%	-228.98%
BSY	65 Neutral	15.87B	67.10	21.88%	0.52%	10.45%	-32.43%
U	63 Neutral	18.78B	-41.74	-13.61%	―	-13.74%	48.10%
PCOR	63 Neutral	10.92B	-76.03	-11.72%	―	16.08%	-51.78%
TTAN	54 Neutral	$10.30B	―	-37.28%	―	26.45%	-74.34%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

ServiceTitan, Inc. Class A Corporate Events

ServiceTitan Holds Annual Stockholders Meeting on June 18

On June 18, 2025, ServiceTitan, Inc. held its Annual Meeting of Stockholders, where stockholders voted on two key proposals. The first proposal involved the election of three Class I directors, who will serve until the 2028 Annual Meeting. The second proposal ratified the appointment of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for the fiscal year ending January 31, 2026. These decisions are expected to impact the company’s governance and financial oversight positively.