TTANServiceTitan, Inc.
Is the business good?
The checks split: 6 of 9 health tests passed and margins steady.
Mixed fundamental signals. Nine pass/fail tests of year-over-year health from the filings.
Margins have held roughly steady, a stable cost structure.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is TTAN?
ServiceTitan, Inc. keeps −13% of every revenue dollar as operating profit, against 6.9% for the median Software - Application name.
Operating margin · Software - Application median 6.9% · 12 months to Q2 2027
- Share count, year on year
- +4.5%
Share count, year on year · shareholders own a smaller slice than a year ago
- R&D as % of revenue
- 33%
R&D as % of revenue
- Gross margin
- 71%
Gross margin
| Year | Operating margin |
|---|---|
| FY2023 | −47% |
| FY2024 | −30% |
| FY2025 | −30% |
| FY2026 | −18% |
Details›
- Gross margin12 months to Q2 2027
- 71%
- Operating margin12 months to Q2 2027
- −13%
- Net margin12 months to Q2 2027
- −12%
- Free cash flow margin
- 13%
- R&D as % of revenue
- 33%
- Revenue, trailing twelve months
- $1.06B
- Free cash flow, trailing twelve months
- $137M
- Net income, trailing twelve months
- −$129M
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Customers and suppliers
Who buys from TTAN and who it buys from, as the companies report it.
- Third-party processor13%
Share of revenue · FY2026 10-K
None disclosed.
A company has to disclose every customer behind 10% or more of its revenue. Each share comes from the latest annual report of the company that states it and shows on both companies’ pages; TTAN’s own figures are from its FY2026 10-K. Smaller customers and suppliers go unreported.