TTAN ServiceTitan, Inc.

Overview and Growth

ServiceTitan, Inc. generated $960.97M of revenue in fiscal 2026, with net loss of $159.85M and an operating cash inflow of $110.13M. At $960.97M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Revenue was 24.5% above fiscal 2025 revenue of $771.88M, marking a year-over-year increase. On a per-share basis, diluted EPS was -$1.73, which connects the reported earnings outcome with the company’s diluted share count. Total assets stood at $1.75B, showing the scale of resources supporting revenue, earnings, liquidity, and financing. Revenue equaled 0.55x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

The first profit layer was $673.74M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross profit represented 70.1% of revenue, showing how much of the top line remained after direct costs. The company recorded an operating loss of $169.21M after the reported operating expense base. Relative to revenue, the operating deficit measured 17.6%, showing the shortfall after operating costs. The bottom-line result was a net loss of $159.85M after operating, financing, tax, and other recognized items. Measured against revenue, the bottom-line deficit represented 16.6% after all recognized items. Before income taxes, the company recorded a loss of $157.11M, bridging the operating result to the final net loss. The pretax loss equaled 16.3% of revenue, measuring the pre-tax deficit against sales. The company recognized $2.74M of income tax for the period, completing the transition from pretax income to net income. The net loss equaled 10.5% of period-end equity, showing the deficit relative to book capital. The loss-to-assets relationship was 9.2%, placing the bottom-line deficit against the company’s resource base.

Liquidity and Capital Structure

The company held $1.75B of assets against $219.82M of liabilities and $1.53B of equity, revealing how the asset base was financed. At period end, current assets of $590.86M compared with current liabilities of $169.45M, defining the company’s short-term resource position. The current ratio was 3.49x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. The company held $428.77M in cash and equivalents, a narrower liquidity measure than total current assets. Measured only with cash and equivalents, coverage of current liabilities was 253.0%, excluding receivables and other current assets. Borrowings totaled $0.00, adding a fixed financing obligation alongside the company’s equity capital. Debt equaled 0.0x of book equity, describing the relative scale of borrowing and shareholder capital. The debt-to-assets relationship was 0.0%, comparing borrowing with the total asset balance. Relative to total assets, liabilities measured 12.6%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 24.6% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 1.3% from $1.77B in fiscal 2025, leaving current total assets lower year over year. Reported equity changed 4.9% from $1.45B in fiscal 2025, placing the current capital base higher year over year.

Cash Flow and Earnings Quality

The company reported $110.13M of operating cash flow, a cash inflow that shows the cash generated by operations. Capital expenditures used $4.70M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital expenditures represented 4.3% of operating cash flow, leaving the remainder available as free cash flow. The combination of operating cash flow and capital spending produced $105.43M of positive free cash flow for the period. The free-cash-flow margin was 11.0%, measuring cash remaining after capital spending against revenue. The free-cash-flow-to-assets relationship was 6.0%, comparing post-investment cash with the balance-sheet asset base.

Based on the annual report for the fiscal year ending Jan 31, 2026. Analysis generated Oct 21, 2026.