TTANServiceTitan, Inc.
Services-Prepackaged Software
- Revenue
- $961M
- 24% YoY
- Operating margin
- -17.6%
- 41% YoY
- EBITDA
- −$86M
- 43% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- −$480M net debt
- AI in 10-K
- —
Red flags 2 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired21% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyFired48% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|
| Revenue | $468M | $614M | $772M | $961M | 24% |
| Operating income | −$222M | −$183M | −$230M | −$169M | 26% |
| Net income | −$270M | −$195M | −$239M | −$160M | 33% |
| Operating cash flow | −$121M | −$40M | $37M | $110M | 197% |
| Capex | $74M | $28M | $4M | $5M | 24% |
| Stock-based comp | $64M | $102M | $164M | $197M | 20% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $2M · 10
- Net
- −$2M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $2M | −$90M | 78 | 120 |
| FY2025 | $133M | $278M | 102 | 96 |