ServiceTitan (TTAN) financial statements
ServiceTitan reported revenue of $961M in fiscal 2026, up 27.1% a year over 3 years.
Net income was -$160M and the operating margin -17.6%, against -47.4% in 2023.
Free cash flow was $86M.
The diluted share count rose 204% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from ServiceTitan's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue | $468M | $614M | $772M | $961M |
| Cost of revenue | $202M | $238M | $271M | $287M |
| Gross profit | $266M | $377M | $501M | $674M |
| Research and development | $159M | $204M | $263M | $303M |
| Selling, general and admin | $329M | $356M | $468M | $540M |
| Operating income | -$222M | -$183M | -$230M | -$169M |
| Interest expense | $55M | $16M | $16M | $7M |
| Pre-tax income | -$283M | -$191M | -$237M | -$157M |
| Income tax | -$13M | $4M | $2M | $3M |
| Net income | -$270M | -$195M | -$239M | -$160M |
| EPS (diluted) | -$9.31 | -$7.24 | -$8.53 | -$1.73 |
| Diluted shares | 30M | 33M | 42M | 92M |
| Gross margin | 56.9% | 61.3% | 64.9% | 70.1% |
| Operating margin | -47.4% | -29.8% | -29.8% | -17.6% |
| Net margin | -57.6% | -31.8% | -31.0% | -16.6% |
Balance sheet
Fiscal years, from ServiceTitan's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Cash and short-term investments | $202M | $147M | $442M | $429M |
| Receivables | — | $28M | $44M | $56M |
| Total current assets | — | $249M | $573M | $591M |
| Property, plant and equipment | — | $97M | $57M | $39M |
| Goodwill | $831M | $831M | $846M | $860M |
| Total assets | — | $1.5B | $1.8B | $1.7B |
| Total current liabilities | — | $125M | $153M | $169M |
| Long-term debt | — | $175M | $104M | — |
| Total liabilities | — | $366M | $314M | $220M |
| Shareholders' equity | -$335M | -$478M | $1.5B | $1.5B |
| Net debt | -$202M | $30M | -$337M | -$429M |
Cash flow
Fiscal years, from ServiceTitan's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Operating cash flow | -$121M | -$40M | $37M | $110M |
| Capital spending | $89M | $44M | $22M | $25M |
| Free cash flow | -$210M | -$84M | $15M | $86M |
| Stock-based compensation | $64M | $102M | $164M | $197M |
| Net borrowing | -$725M | -$1M | -$72M | -$107M |
| Free cash flow margin | -44.9% | -13.6% | 2.0% | 8.9% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for TTAN.
Open TTAN in InvestinglyQuestions
What was ServiceTitan's revenue in 2026?
$961M in fiscal 2026, from its 10-K filing.
How much free cash flow does ServiceTitan generate?
$86M in fiscal 2026 (operating cash flow minus capital spending).
From ServiceTitan's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.