ServiceTitan, Inc.

For the period ended Jan 31, 2026. Filed Mar 25, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2026 · Filed Mar 25, 2026

TTAN$82.52+0.9%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Operations

(in thousands, except share and per share data)

	Fiscal
	2026	2025	2024
Revenue:
Platform	$925,418	$739,486	$581,751
Professional services and other	35,547	32,392	32,590
Total revenue	960,965	771,878	614,341
Cost of revenue:
Platform	213,544	202,982	169,766
Professional services and other	73,682	67,969	67,945
Total cost of revenue	287,226	270,951	237,711
Gross profit	673,739	500,927	376,630
Operating expenses:
Sales and marketing	290,885	253,349	219,994
Research and development	302,589	263,054	203,534
General and administrative	249,470	214,476	135,966
Total operating expenses	842,944	730,879	559,494
Loss from operations	(169,205)	(229,952)	(182,864)
Other expense, net
Interest expense	(7,227)	(15,517)	(16,436)
Interest income	19,279	8,765	7,067
Loss on extinguishment of debt	(1,488)	—	—
Other income (expense), net	1,528	(72)	1,224
Total other income (expense), net	12,092	(6,824)	(8,145)
Loss before income taxes	(157,113)	(236,776)	(191,009)
Provision for income taxes	2,740	2,318	4,136
Net loss	(159,853)	(239,094)	(195,145)
Adjustments to net loss attributable to common stockholders (see Note 15)	—	(120,631)	(45,873)
Net loss attributable to common stockholders	$(159,853)	$(359,725)	$(241,018)
Net loss per share, basic and diluted	$(1.73)	$(8.53)	$(7.24)
Weighted-average shares used in computing net loss per share, basic and diluted	92,378,699	42,148,552	33,267,131

Consolidated Statements of Non-Convertible Preferred Stock, Redeemable Convertible Preferred Stock, and Stockholders’ Equity (Deficit)

(in thousands, except share data)

Non-Convertible · Redeemable Convertible · Common Stock · Additional · Total
Preferred Stock · Preferred Stock · Class A · Class B · Paid-in · Accumulated · Stockholders’
	Shares	Amount	Shares	Amount	Shares	Amount	Shares	Amount	Capital	Deficit	Equity (Deficit)
Balance as of January 31, 2023	250,000	$187,402	42,063,829	$1,362,287	32,813,495	$33	—	$—	$336,307	$(671,491)	$(335,151)
Issuance of Series H-1 redeemable convertible preferred stock, net of issuance costs	—	—	402,026	33,591	—	—	—	—	—	—	—
Accretion of non-convertible preferred stock	—	45,873	—	—	—	—	—	—	(45,873)	—	(45,873)
Adjustment to non-convertible preferred stock and warrant issuance costs	—	271	—	—	—	—	—	—	100	—	100
Exercise of stock options	—	—	—	—	849,938	1	—	—	9,702	—	9,703
Settlement of restricted stock units	—	—	—	—	789,291	—	—	—	—	—	—
Shares repurchased for tax withholding on settlement of restricted stock units	—	—	—	—	(267,336)	—	—	—	(16,506)	—	(16,506)
Reclassification from liabilities upon vesting of early exercised stock options	—	—	—	—	—	—	—	—	523	—	523
Stock-based compensation	—	—	—	—	—	—	—	—	104,486	—	104,486
Net loss	—	—	—	—	—	—	—	—	—	(195,145)	(195,145)
Balance as of January 31, 2024	250,000	$233,546	42,465,855	$1,395,878	34,185,388	$34	—	$—	$388,739	$(866,636)	$(477,863)
Impact of adopting ASU 2020-06 (1)	—	—	—	—	—	—	—	—	—	—	—
Issuance of common stock upon initial public offering, net of underwriting costs and offering expenses	—	—	—	—	10,120,000	10	—	—	674,041	—	674,051
Conversion of redeemable convertible preferred stock to common stock upon initial public offering	—	—	(42,465,855)	(1,395,878)	44,257,289	44	—	—	1,395,834	—	1,395,878
Conversion of Class A to Class B common stock	—	—	—	—	(13,404,097)	(13)	13,404,097	13	—	—	—
Accretion of non-convertible preferred stock	—	48,703	—	—	—	—	—	—	(48,703)	—	(48,703)
Repayment of non-convertible preferred stock	(250,000)	(282,249)	—	—	—	—	—	—	(28,313)	—	(28,313)
Issuance of common stock, acquisition consideration	—	—	—	—	373,118	1	—	—	23,469	—	23,470
Exercise of stock options	—	—	—	—	631,119	1	—	—	6,654	—	6,655
Settlement of restricted stock units	—	—	—	—	791,097	—	—	—	—	—	—
Shares repurchased for tax withholding on settlement of restricted stock units	—	—	—	—	(309,674)	—	—	—	(18,963)	—	(18,963)
Reclassification from liabilities upon vesting of early exercised stock options	—	—	—	—	—	—	—	—	204	—	204
Stock-based compensation	—	—	—	—	—	—	—	—	167,262	—	167,262
Net loss	—	—	—	—	—	—	—	—	—	(239,094)	(239,094)
Balance as of January 31, 2025	—	$—	—	$—	76,644,240	$77	13,404,097	$13	$2,560,224	$(1,105,730)	$1,454,584
Initial public offering costs incurred	—	—	—	—	—	—	—	—	(150)	—	(150)
Conversion of Class B to Class A common stock	—	—	—	—	818,178	—	(818,178)	—	—	—	—
Shares cancelled related to previously issued RSAs	—	—	—	—	(280)	—	—	—	—	—	—
Exercise of stock options	—	—	—	—	2,142,248	—	—	—	28,841	—	28,841
Settlement of restricted stock units	—	—	—	—	2,352,163	5	58,695	—	—	—	5
Shares repurchased for tax withholding on settlement of restricted stock units	—	—	—	—	(12)	—	—	—	—	—	—
Reclassification from liabilities upon vesting of early exercised stock options	—	—	—	—	—	—	—	—	68	—	68
Stock-based compensation	—	—	—	—	—	—	—	—	201,739	—	201,739
Net loss	—	—	—	—	—	—	—	—	—	(159,853)	(159,853)
Balance as of January 31, 2026	—	$—	—	$—	81,956,537	$82	12,644,614	$13	$2,790,722	$(1,265,583)	$1,525,234

(1) See further discussion in Note 2.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.