TTAN 8-K

ServiceTitan, Inc. (TTAN)

8-K 2026-09-08 For: 2026-09-08

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Added on September 08, 2026

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Delaware	001-42434	26-0331862
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

800 N. Brand Blvd. Suite 100
Glendale, California		91203
(Address of Principal Executive Offices)		(Zip Code)


☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A Common Stock, par value $0.001 per share	TTAN	The Nasdaq Stock Market LLC


Exhibit No.		Description

99.1		Press Release, dated September 8, 2026.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).


	SERVICETITAN, INC.

Date: September 8, 2026	By:	/s/ Dave Sherry
		Dave Sherry
		Chief Financial Officer

TTAN 8-K

FORM 8-K

Item 2.02 Results of Operations and Financial Condition.

The Company makes reference to non-GAAP financial information in the press release. A reconciliation of these non-GAAP financial measures to their nearest GAAP equivalents is provided in the press release.

Item 9.01 Financial Statements and Exhibits.


	Fiscal Second Quarter 2027	Fiscal Second Quarter 2026
	(in millions, except percentages and GTV)
Gross transaction volume (“GTV”) (in billions)(2)	$26.8	$22.9
YOY GTV growth	17%	19%

Total revenue	$292.8	$242.1
YOY revenue growth	21%	25%
Platform revenue	$284.5	$232.7
YOY platform revenue growth	22%	26%

GAAP loss from operations	($27.6)	($34.8)
GAAP operating margin	-9.4%	-14.4%
Non-GAAP income from operations(1)	$44.4	$29.2
Non-GAAP operating margin(1)	15.2%	12.1%

GAAP net cash provided by operating activities	$58.0	$40.3
Non-GAAP free cash flow(1)	$50.5	$34.3

Net dollar retention	> 110%	> 110%


	Fiscal Third Quarter 2027	Full Fiscal Year 2027
	(in millions)
Total revenue	$285 - $287	$1,139 - $1,144
Non-GAAP income from operations(3)	$29 - $30	$152 - $154


	Three Months Ended July 31,						Six Months Ended July 31,
	2026			2025			2026			2025
Revenue:
Platform	$	284,496		$	232,726		$	545,060		$	440,708
Professional services and other		8,260			9,397			16,520			17,107
Total revenue		292,756			242,123			561,580			457,815
Cost of revenue:
Platform		60,521			51,991			116,030			102,028
Professional services and other		23,166			18,783			42,690			36,042
Total cost of revenue		83,687			70,774			158,720			138,070
Gross profit		209,069			171,349			402,860			319,745
Operating expenses:
Sales and marketing		76,973			69,544			150,045			138,767
Research and development		100,630			73,065			188,654			142,205
General and administrative		59,018			63,512			117,475			123,081
Total operating expenses		236,621			206,121			456,174			404,053
Loss from operations		(27,552	)		(34,772	)		(53,314	)		(84,308	)
Other income (expense), net
Interest expense		(188	)		(2,057	)		(371	)		(4,092	)
Interest income		3,924			4,783			7,651			9,723
Other income, net		283			185			634			686
Total other income, net		4,019			2,911			7,914			6,317
Loss before income taxes		(23,533	)		(31,861	)		(45,400	)		(77,991	)
Provision for income taxes		1,388			364			2,339			598
Net loss		(24,921	)		(32,225	)		(47,739	)		(78,589	)
Net loss per share, basic and diluted	$	(0.26	)	$	(0.35	)	$	(0.50	)	$	(0.86	)
Weighted-average shares used in computing net loss per share, basic and diluted		95,863,240			91,687,907			95,440,743			91,041,726


Disaggregated Revenue
	Three Months Ended July 31,						Six Months Ended July 31,
	2026			2025			2026			2025
Subscription	$	212,373		$	174,753		$	414,411		$	337,470
Usage		72,123			57,973			130,649			103,238
Platform revenue		284,496			232,726			545,060			440,708
Professional services and other		8,260			9,397			16,520			17,107
Total revenue	$	292,756		$	242,123		$	561,580		$	457,815


	As of
	July 31,			January 31,
	2026			2026
Assets
Current assets:
Cash and cash equivalents	$	479,538		$	428,769
Restricted cash		—			166
Accounts receivable, net of allowance of $11,151 and $11,963 as of July 31, 2026 and January 31, 2026, respectively		69,883			55,974
Deferred contract costs, current		15,241			14,964
Contract assets		68,267			57,777
Prepaid expenses		30,207			25,894
Other current assets		7,242			7,314
Total current assets		670,378			590,858
Restricted cash, noncurrent		416			417
Deferred contract costs, noncurrent		13,092			14,748
Property and equipment, net		35,835			38,902
Operating lease right-of-use assets		19,409			18,627
Internal-use software, net		40,823			39,246
Intangible assets, net		157,036			176,743
Goodwill		860,250			860,250
Other assets		6,937			5,266
Total assets	$	1,804,176		$	1,745,057
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable and other accrued expenses	$	56,110		$	52,262
Accrued personnel-related expenses		52,300			83,095
Deferred revenue, current		17,407			18,676
Operating lease liabilities, current		12,056			14,052
Other current liabilities		9,614			1,367
Total current liabilities		147,487			169,452
Operating lease liabilities, noncurrent		35,708			37,322
Other noncurrent liabilities		15,285			13,049
Total liabilities		198,480			219,823
Commitments and contingencies

Stockholders' Equity
Preferred stock, par value $0.001, 100,000,000 shares authorized as of July 31, 2026 and January 31, 2026. No shares issued and outstanding as of July 31, 2026 and January 31, 2026		—			—
Class A common stock, par value $0.001, 1,000,000,000 shares authorized as of July 31, 2026 and January 31, 2026. 83,857,202 shares and 81,956,537 shares issued and outstanding as of July 31, 2026 and January 31, 2026, respectively		83			82
Class B common stock, par value $0.001, 100,000,000 shares authorized as of July 31, 2026 and January 31, 2026. 12,605,018 shares and 12,644,614 shares issued and outstanding as of July 31, 2026 and January 31, 2026, respectively		13			13
Class C common stock, par value $0.001, 100,000,000 shares authorized as of July 31, 2026 and January 31, 2026. No shares issued and outstanding as of July 31, 2026 and January 31, 2026		—			—
Additional paid-in capital		2,918,922			2,790,722
Accumulated deficit		(1,313,322	)		(1,265,583	)
Total stockholders' equity		1,605,696			1,525,234
Total liabilities and stockholders' equity	$	1,804,176		$	1,745,057


	Platform				Professional Services and Other						Total
	Three Months Ended July 31,				Three Months Ended July 31,						Three Months Ended July 31,
	2026		2025		2026			2025			2026		2025
	(in thousands)
GAAP gross profit	$	223,975	$	180,735	$	(14,906	)	$	(9,386	)	$	209,069	$	171,349
Stock-based compensation expense and related employer payroll taxes		1,712		1,484		2,397			1,364			4,109		2,848
Amortization of acquired intangible assets		4,933		5,533		334			334			5,267		5,867
Non-GAAP gross profit	$	230,620	$	187,752	$	(12,175	)	$	(7,688	)	$	218,445	$	180,064


	Three Months Ended July 31,						Six Months Ended July 31,
	2026			2025			2026			2025
Cash flows provided by operating activities
Net loss	$	(24,921	)	$	(32,225	)	$	(47,739	)	$	(78,589	)
Adjustments to reconcile net loss to net cash provided by operating activities
Depreciation and amortization expense		19,898			20,035			39,448			39,990
Amortization of deferred contract costs		4,045			3,604			8,157			6,940
Non-cash operating lease expense		1,565			1,406			3,077			2,758
Stock-based compensation expense		60,575			49,307			115,149			93,056
Loss on impairment and disposal of assets		5			200			13			8,260
Deferred income taxes		1,138			679			1,952			1,325
Amortization of debt issuance costs		—			128			—			248
Provision for credit losses		1,487			1,544			3,160			5,267
Changes in operating assets and liabilities, net of effect of business acquisition:
Accounts receivable		(8,009	)		(7,422	)		(17,069	)		(12,692	)
Prepaid expenses and other current assets		(1,280	)		(10,217	)		(4,244	)		(8,546	)
Deferred contract costs		(2,990	)		(4,425	)		(6,778	)		(10,164	)
Contract assets		(3,714	)		(2,185	)		(10,490	)		(3,526	)
Other assets		(43	)		177			(2,304	)		685
Accounts payable and other accrued expenses		421			(1,068	)		3,843			2,933
Accrued personnel-related expenses		9,517			18,959			(29,344	)		(21,673	)
Operating lease liabilities		(3,284	)		(3,013	)		(7,469	)		(6,166	)
Other liabilities		5,208			3,953			8,331			5,190
Deferred revenue		(1,629	)		903			(1,269	)		474
Net cash provided by operating activities		57,989			40,340			56,424			25,770
Cash flows used in investing activities
Capitalized internal-use software		(4,761	)		(4,930	)		(11,424	)		(11,402	)
Purchase of property and equipment		(1,108	)		(1,110	)		(1,704	)		(2,402	)
Deposits for property and equipment		(1,665	)		—			(2,421	)		—
Net cash used in investing activities		(7,534	)		(6,040	)		(15,549	)		(13,804	)
Cash flows provided by financing activities
Proceeds from exercise of stock options		7,552			17,255			9,727			18,436
Payment of debt arrangements		—			(269	)		—			(537	)
Payment of deferred initial public offering costs		—			(66	)		—			(599	)
Net cash provided by financing activities		7,552			16,920			9,727			17,300
Net change in cash, cash equivalents, and restricted cash		58,007			51,220			50,602			29,266
Cash, cash equivalents, and restricted cash
Beginning of period		421,947			420,892			429,352			442,846
End of period	$	479,954		$	472,112		$	479,954		$	472,112