ServiceTitan makes software that plumbers, electricians, and HVAC firms use to schedule jobs, dispatch crews, and bill customers—think of it as the operating system for a home-services business.
Revenue comes from subscription fees for its field-service management software, with gross margins around 70%—but it's still unprofitable, losing USD 0.16B on USD 0.96B in annual revenue.
Switching costs are high because the software is embedded in daily operations, and competitors like Salesforce and Jobber would need years to match its trade-specific workflows. Moat is solid.
Sell (sector percentile 22) — value D, growth B-, profitability C+, momentum B, revisions C-. Updated daily, sector-relative, identical for every user.
Key events, in time order
Multiple firms update ratings post-earnings; Piper raises PT, maintains Buy
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TTAN is included in a model portfolio based on algorithmic backtesting and modeling, suggesting a potential positive outlook based on quantitative analysis.
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