ServiceTitan, Inc.
For the period ended Jan 31, 2026. Filed Mar 25, 2026.
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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$82.29-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(in thousands)
| Fiscal | |||
|---|---|---|---|
| 2026 | 2025 | 2024 | |
| Cash flows provided by (used in) operating activities | |||
| Net loss | $(159,853) | $(239,094) | $(195,145) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities | |||
| Depreciation and amortization expense | 83,195 | 80,221 | 80,989 |
| Amortization of deferred contract costs | 14,854 | 11,471 | 9,402 |
| Non-cash operating lease expense | 5,777 | 6,340 | 7,612 |
| Stock-based compensation expense | 197,115 | 163,729 | 102,454 |
| Loss on impairment and disposal of assets | 10,985 | 39,358 | 5,423 |
| Change in valuation of contingent consideration | — | (135) | (1,100) |
| Deferred income taxes | 1,691 | 1,182 | 1,826 |
| Amortization of debt issuance costs | 457 | 327 | 141 |
| Loss on extinguishment of debt | 1,488 | — | — |
| Gain on sale of intangibles | — | — | (1,224) |
| Provision for credit losses | 9,324 | 3,688 | 2,649 |
| Changes in operating assets and liabilities, net of effect of business acquisition: | |||
| Accounts receivable | (20,829) | (17,686) | (7,789) |
| Prepaid expenses and other current assets | (1,885) | (2,863) | (3,351) |
| Deferred contract costs | (22,405) | (15,781) | (12,595) |
| Contract assets | (11,851) | (6,597) | (11,840) |
| Other assets | (2,197) | 2,661 | (1,889) |
| Accounts payable and other accrued expenses | 12,096 | (8,980) | (2,768) |
| Accrued personnel related expenses | 2,744 | 23,165 | (962) |
| Operating lease liabilities | (12,029) | (9,418) | (9,247) |
| Other liabilities | (222) | 2,133 | (2,657) |
| Deferred revenue | 1,676 | 3,332 | 369 |
| Net cash provided by (used in) operating activities | 110,131 | 37,053 | (39,702) |
| Cash flows provided by (used in) investing activities | |||
| Capitalized internal-use software | (19,877) | (17,799) | (15,743) |
| Purchase of property and equipment | (4,704) | (3,800) | (28,354) |
| Cash received for sale of intangible assets | — | — | 2,739 |
| Deposits for property and equipment | (477) | — | (518) |
| Repayment of loan to employee | — | — | 1,529 |
| Acquisition of business, net of cash acquired | (19,781) | (1,184) | — |
| Net cash used in investing activities | (44,839) | (22,783) | (40,347) |
| Cash flows provided by (used in) financing activities | |||
| Payment of contingent consideration | — | (300) | (835) |
| Proceeds from exercise of stock options | 28,845 | 6,655 | 9,703 |
| Proceeds from issuance of Series H-1 redeemable convertible preferred stock | — | — | 34,000 |
| Payment of Series H-1 convertible preferred stock issuance costs | — | — | (409) |
| Proceeds from issuance of common stock in initial public offering, net of underwriting costs | — | 682,952 | — |
| Repayment of non-convertible preferred stock | — | (310,562) | — |
| Payment of debt arrangements | (107,032) | (71,618) | (1,350) |
| Payment of deferred initial public offering costs | (599) | — | — |
| Costs associated with initial public offering | — | (8,451) | (334) |
| Shares repurchased for tax withholding for the settlement of restricted stock units | — | (18,963) | (16,506) |
| Net cash provided by (used in) financing activities | (78,786) | 279,713 | 24,269 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | (13,494) | 293,983 | (55,780) |
| Cash, cash equivalents, and restricted cash | |||
| Beginning of period | 442,846 | 148,863 | 204,643 |
| End of period | $429,352 | $442,846 | $148,863 |
| Fiscal | |||
|---|---|---|---|
| 2026 | 2025 | 2024 | |
| Supplemental disclosures of other cash flow information: | |||
| Cash paid for interest expense | $7,030 | $16,371 | $14,697 |
| Cash paid for amounts included in the measurement of lease liabilities | $13,834 | $12,877 | $14,591 |
| Cash paid for income taxes | $825 | $1,726 | $1,837 |
| Tenant improvements received from lessor | $— | $1,127 | $3,944 |
| Noncash investing and financing activities: | |||
| Issuance of common stock in consideration for business acquisition | $— | $23,470 | $— |
| Capitalized internal-use software additions included in accrued expenses | $225 | $2,746 | $1,441 |
| Stock-based compensation capitalized in internal-use software | $4,624 | $3,533 | $2,032 |
| Property and equipment purchases included in accounts payable and accrued expenses | $32 | $68 | $16 |
| Contingent consideration for acquisition included in accounts payable and accrued operating expenses and other liabilities | $— | $— | $435 |
| Reclassification from liabilities to additional paid-in capital upon vesting of early exercised stock options | $68 | $204 | $523 |
| Conversion of preferred stock to common stock | $— | $1,395,878 | $— |
| Costs associated with initial public offering included in accrued expenses | $— | $450 | $3,407 |
| Right-of-use assets obtained in exchange for lease obligations | $3,566 | $1,217 | $3,293 |
| Reduction in right-of-use asset and lease liability due to lease modifications | $486 | $1,057 | $— |
| Change in asset retirement obligations | $346 | $66 | $359 |
| Accretion of non-convertible preferred stock | $— | $48,703 | $45,873 |
| Reconciliation of cash, cash equivalents, and restricted cash within consolidated balance sheets: | |||
| Cash and cash equivalents | $428,769 | $441,802 | $146,710 |
| Restricted cash | $583 | $1,044 | $2,153 |
| Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows | $429,352 | $442,846 | $148,863 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.