Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data ServiceTitan, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2023
FY2025
FY2025
FY2026
Revenue
468
614
772
961
Cost of revenue
202
238
271
287
Gross profit
266
377
501
674
Research and development
159
204
263
303
Selling and marketing
197
220
253
291
General and administrative
132
136
214
249
Operating expenses
488
559
731
843
Operating income
-222
-183
-230
-169
Interest expense
54.5
16.4
15.5
7.23
Interest income
1.62
7.07
8.77
19.3
Other non-operating income
-60.7
-8.15
-6.82
12.1
Pre-tax income
-283
-191
-237
-157
Income tax
-13.1
4.14
2.32
2.74
Net income
-270
-195
-239
-160
EBITDA
-164
-102
-150
-86
EPS, basic
-9.31
-7.24
-8.53
-1.73
EPS, diluted
-9.31
-7.24
-8.53
-1.73
Shares, basic (weighted)
30.4
33.3
42.1
92.4
Shares, diluted (weighted)
30.4
33.3
42.1
92.4
Balance sheet
FY2023
FY2025
FY2025
FY2026
Cash and equivalents
202
147
442
429
Receivables
28
44.5
56
Other current assets
1.64
3.51
7.31
Total current assets
249
573
591
Property, plant and equipment
97.2
56.7
38.9
Lease right-of-use assets
43.3
24
18.6
Goodwill
831
831
846
860
Intangible assets
251
215
177
Other non-current assets
7.33
7.69
5.27
Total assets
1,518
1,769
1,745
Accounts payable
5.82
6.03
10
Accrued liabilities
55.3
80.2
83.1
Deferred revenue
11.2
16.8
18.7
Short-term debt
1.8
1.07
0
Total current liabilities
125
153
169
Long-term debt
175
104
Lease liabilities
58.6
47.3
37.3
Other non-current liabilities
7.68
9.61
13
Total liabilities
366
314
220
Total debt
175
104
0
Paid-in capital
389
2,560
2,791
Retained earnings
-867
-1,106
-1,266
Shareholders' equity
-335
-478
1,455
1,525
Total equity
-335
-478
1,455
1,525
Total liabilities and equity
1,518
1,769
1,745
Shares outstanding
34.2
Cash flow statement
FY2023
FY2025
FY2025
FY2026
Net income
-270
-195
-239
-160
Depreciation and amortization
57.7
81
80.2
83.2
Stock-based compensation
64.1
102
164
197
Deferred income tax
-14.5
1.83
1.18
1.69
Change in receivables
-4.45
-7.79
-17.7
-20.8
Change in payables
6.88
-2.77
-8.98
12.1
Cash from operations
-121
-39.7
37.1
110
Capital expenditures
-74
-28.4
-3.8
-4.7
Acquisitions
-590
-1.18
-19.8
Cash from investing
-681
-40.3
-22.8
-44.8
Debt repaid
-725
-1.35
-71.6
-107
Stock issued
6.75
9.7
6.66
28.8
Cash from financing
889
24.3
280
-78.8
Net change in cash
87.1
-55.8
294
-13.5
Free cash flow
-195
-68.1
33.3
105
Interest paid
48.8
14.7
16.4
7.03
Income taxes paid
0.86
1.84
1.73
0.83
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to July 31, 2026; growth uses fiscal years. Valuation uses the share price of $58.05 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
71.1%
Gross profit / revenue.
Operating margin
-13.0%
Operating income / revenue.
EBITDA margin
-5.2%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-11.7%
Pre-tax income / revenue.
Net margin
-12.1%
Net income / revenue.
FCF margin
12.8%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
13.2%
Cash from operations / revenue.
Return on equity (ROE)
-8.0%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-7.2%
Net income / average total assets.
Return on invested capital (ROIC)
-9.7%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue
32.8%
Research and development expense / revenue.
Stock-based pay / revenue
20.6%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
0.4%
Capital expenditures / revenue.
D&A / revenue
7.8%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
24.5%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
27.1%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
34.5%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
36.3%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y
197.2%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y
217.0%
Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
4.9%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-1.3%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
119.2%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
44.8%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
4.55x
Current assets / current liabilities.
Quick ratio
3.73x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
3.25x
(Cash + short-term investments) / current liabilities.
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$1.35
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$11.11
Revenue / diluted weighted shares.
FCF per share
$1.43
Free cash flow / diluted weighted shares.
Operating cash flow per share
$1.47
Cash from operations / diluted weighted shares.
Book value per share
$16.75
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
5.20x
Market cap / revenue.
P/B
3.45x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
9.41x
Market cap / tangible book value, when positive.
P/FCF
40.5x
Market cap / free cash flow. Only when free cash flow is positive.
P/OCF
39.3x
Market cap / cash from operations, when positive.
EV/Sales
4.75x
Enterprise value / revenue.
EV/FCF
37.0x
Enterprise value / free cash flow, when both are positive.
FCF yield
2.5%
Free cash flow / market cap.
Earnings yield
-2.3%
Net income / market cap (the inverse of P/E).
What was ServiceTitan, Inc.'s revenue in fiscal 2026?
ServiceTitan, Inc. reported revenue of $961.0M for fiscal 2026, 24.5% higher than the year before.
Was ServiceTitan, Inc. profitable in fiscal 2026?
No. It reported a net loss of $159.9M.
How much free cash flow did ServiceTitan, Inc. generate in fiscal 2026?
Cash from operations of $110.1M minus capital expenditures of $4.7M left free cash flow of $105.4M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.