TTAN Stock: Insider Activity, Filings & Research

ServiceTitan, Inc. (TTAN) — Drillr’s hub for TTAN insider activity, SEC filings, earnings signals and AI research. Over the trailing 3 months, TTAN insiders filed 0 open-market buys and 25 sales (SEC Form 4).

Sentiment

0/100

Buys (3m)

Sells (3m)

Net (3m)

-$2.3M

Insider trades by month Buys Sells

Oct

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Context3-month price -5.9%Institutions accumulating (13F)

Date	Insider	Type	Shares	Price
May 5, 2026	O'Connor Micheleofficer: Chief Accounting Officer	Grant	12,474	—
May 5, 2026	Sherry Davidofficer: Chief Financial Officer	Grant	105,200	—
Apr 13, 2026	O'Connor Micheleofficer: Chief Accounting Officer	Sell	5,000	$58.93
Mar 19, 2026	Sherry Davidofficer: Chief Financial Officer	Sell	386	$69.86
Mar 19, 2026	Sherry Davidofficer: Chief Financial Officer	Sell	936	$69.86
Mar 19, 2026	Sherry Davidofficer: Chief Financial Officer	Sell	2,730	$69.86
Mar 19, 2026	Sherry Davidofficer: Chief Financial Officer	Sell	8,068	$69.86
Mar 19, 2026	Sherry Davidofficer: Chief Financial Officer	Sell	5,047	$69.86
Mar 19, 2026	Kuzoyan Vahedirector, officer: President	Sell	111	$69.86
Mar 19, 2026	Kuzoyan Vahedirector, officer: President	Sell	70	$69.86
Mar 19, 2026	Kuzoyan Vahedirector, officer: President	Sell	170	$69.86
Mar 19, 2026	Kuzoyan Vahedirector, officer: President	Sell	494	$69.86
Mar 19, 2026	Kuzoyan Vahedirector, officer: President	Sell	1,462	$69.86
Mar 19, 2026	Kuzoyan Vahedirector, officer: President	Sell	914	$69.86
Mar 19, 2026	Mahdessian Aradirector, officer: Chief Executive Officer	Sell	79	$69.86

Source: TTAN SEC Form 4 filings, latest May 5, 2026. For informational purposes only — not investment advice.

Overview

ServiceTitan, Inc. (NASDAQ:TTAN) is a cloud-based software company that provides comprehensive business management solutions for field service contractors. Founded in 2008 by Ara Mahdessian and Vahe Kuzoyan in Glendale, California, the company went public in December 2024. ServiceTitan has grown to become a leading provider of software solutions specifically designed for residential and commercial service contractors, including plumbers, HVAC technicians, electricians, and other trades professionals.

Business

ServiceTitan operates in the field service management software industry, providing an integrated cloud-based platform that helps service contractors manage their entire business operations. The company's core offering is a comprehensive software suite that digitizes and streamlines the complex workflows of field service businesses. The ServiceTitan platform serves as an all-in-one business management system that handles everything from initial customer contact to job completion and payment processing. The software includes modules for customer relationship management (CRM), scheduling and dispatch, mobile field applications for technicians, invoicing and payments, inventory management, marketing automation, and business analytics. This integrated approach addresses the traditionally fragmented technology landscape that field service contractors face, where they might otherwise need to juggle multiple disparate software systems. The field service management software market addresses the unique challenges of businesses that send technicians to customer locations to install, maintain, or repair equipment and systems. These businesses face complex operational challenges including real-time scheduling, mobile workforce coordination, parts inventory management, and the need to provide professional estimates and invoicing on-site. ServiceTitan's platform is specifically designed for contractors in residential and commercial services, including heating, ventilation and air conditioning (HVAC), plumbing, electrical, garage door, appliance repair, and other home services sectors. The company primarily operates as a single business segment focused on field service management software, though it generates revenue through multiple channels including software subscriptions, payment processing, and additional services. Based on the company's business model, the vast majority of revenue comes from recurring software subscriptions, with additional revenue streams from integrated payment processing and other value-added services.

Revenue model

ServiceTitan operates on a Software-as-a-Service (SaaS) subscription model, generating revenue primarily through recurring monthly or annual software licensing fees paid by field service contractors. The company's customers are small to medium-sized service businesses that pay subscription fees based on factors such as the number of users, technicians, or volume of jobs processed through the platform. The company also generates revenue through integrated payment processing services, earning transaction fees when customers use ServiceTitan's built-in payment processing capabilities to collect payments from their end customers. This creates a dual revenue stream where ServiceTitan benefits both from the software subscription and from facilitating the financial transactions of its customers' businesses. Additional revenue sources include implementation services, training, and premium support offerings. The company's business model benefits from high switching costs, as field service contractors become deeply integrated with the platform for their daily operations, making it difficult and expensive to migrate to alternative solutions. Several factors influence ServiceTitan's profitability margins. Positive margin drivers include the company's ability to scale its software platform across many customers without proportional increases in costs, the recurring nature of subscription revenue providing predictable cash flows, and the potential for expanding revenue per customer through additional modules and services. The integrated payment processing business also provides higher-margin revenue as transaction volumes grow. Margin pressures come from significant customer acquisition costs in a competitive market, the need for continuous product development and feature enhancement to stay competitive, substantial sales and marketing expenses required to educate the market about the benefits of integrated field service software, and the costs associated with providing customer support and training for a complex software platform. The company also faces pricing pressure from both established enterprise software providers and newer entrants targeting the same market segment.

Competitive moat

ServiceTitan's competitive moat is moderately strong but not impenetrable, built primarily on switching costs, network effects, and industry specialization. The company's strongest defensive position comes from the high switching costs associated with migrating field service operations to a different platform. Once contractors integrate ServiceTitan into their daily workflows, train their staff, and build their customer database within the system, the cost and disruption of switching to a competitor becomes substantial. The platform also benefits from data network effects, where the accumulation of industry-specific data and insights allows ServiceTitan to improve its algorithms for scheduling optimization, pricing recommendations, and operational efficiency. As more contractors use the platform, the collective data enhances the value proposition for all users through better benchmarking and industry insights. ServiceTitan's vertical specialization in field service management provides another layer of protection. The company has developed deep expertise in the specific workflows, regulations, and business models of trades contractors, making it difficult for generalist software providers to replicate the same level of industry-specific functionality. However, the moat faces several challenges. Competition from established players like Salesforce, Microsoft, and other enterprise software companies with greater resources poses a significant threat, as these companies can leverage their existing customer relationships and broader product ecosystems. Additionally, the relatively low barriers to entry in software development mean that well-funded startups can potentially develop competing solutions, particularly if they focus on specific niches within the field service market. The company's moat is also vulnerable to technological disruption, as new approaches to field service management or changes in how contractors operate their businesses could reduce the value of ServiceTitan's current platform. The ongoing evolution toward more mobile-first and AI-powered solutions requires continuous innovation to maintain competitive advantages.

Risks & safety

ServiceTitan presents a moderate margin of safety with strong liquidity but ongoing profitability challenges typical of a growth-stage SaaS company. **Cash Position and Solvency:** • Strong cash position with $441.8 million in cash and short-term investments as of Q4 2024 • Excellent current ratio of 3.74, indicating strong short-term liquidity • Low debt-to-equity ratio of 0.11, minimal leverage risk • Positive free cash flow of $15.4 million for FY 2024, showing operational improvement **Profitability Metrics:** • Significant net losses: -$239.1 million for FY 2024, though improving from -$269.5 million in FY 2022 • Negative EBITDA of -$141.0 million for FY 2024 • Revenue growth trajectory: $467.7 million (FY 2022) to $771.9 million (FY 2024) **Valuation Considerations:** • Recent IPO pricing may reflect growth expectations rather than current fundamentals • Negative earnings make traditional P/E ratios less meaningful • Enterprise value metrics complicated by negative EBITDA **Other Factors:** • Strong balance sheet provides runway for continued growth investments • Recurring revenue model offers predictable cash flow patterns • Market position in specialized vertical provides some defensive characteristics

Recent development

Based on the available financial data, ServiceTitan has demonstrated consistent revenue growth over the past several years, with annual revenue increasing from $467.7 million in FY 2022 to $771.9 million in FY 2024, representing a compound annual growth rate of approximately 28%. This growth trajectory suggests successful market penetration and customer acquisition in the field service management software sector. The company has made significant progress toward operational efficiency and cash flow improvement. While ServiceTitan continues to report substantial net losses, the company achieved positive free cash flow of $15.4 million in FY 2024, a marked improvement from negative free cash flows of -$212.7 million in FY 2022 and -$84.3 million in FY 2023. This transition to positive free cash flow generation represents a critical milestone for the business, indicating that the company's revenue growth is beginning to outpace its cash expenditures. The company's balance sheet strengthening is evident in its improved liquidity position, with cash and short-term investments increasing substantially, particularly around the time of its December 2024 IPO. The public offering has provided ServiceTitan with additional capital to fund growth initiatives, product development, and market expansion. The path toward profitability improvement shows mixed signals, with EBITDA losses improving from -$170.4 million in FY 2022 to -$141.0 million in FY 2024, though this improvement has been gradual. The company appears to be managing the typical SaaS growth company challenge of balancing aggressive growth investments with the path toward profitability.

TTAN company profile · for informational purposes only — not investment advice.

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