ServiceTitan, Inc.
ServiceTitan is a U.S.-based software company that provides a cloud platform built for trades businesses such as HVAC, plumbing, electrical, roofing, and landscaping contractors. Its software connects core workflows across customer management, dispatching, scheduling, estimating, invoicing, payments, and workforce operations for both residential and commercial field service providers.
Tilikausi 2026 · muutos edellisvuodesta
Kehitys 2025–2026
Liiketoiminta
Osuus liikevaihdostaEnd-to-end cloud software for managing trades business workflows and customer interactions.
Add-on software modules such as Marketing Pro and other usage-based tools.
Payments and consumer financing-related services connected to customer transactions.
Onboarding, training, implementation, support, live voice/chat, and ancillary services.
Tuotteet
Raportoitu · osuus liikevaihdosta- Subscription Revenue74,1 %
- Usage Revenue22,2 %
- Professional Services and Other Revenue3,7 %
Lähde: 10-K FY2026, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.
Asiakkaat
ServiceTitan sells primarily to trades businesses that install, maintain, and service residential and commercial building systems. Its customer base includes small and midsize contractors as well as larger enterprise operators, including multi-location and professionally managed businesses. The platform is used by owners, executives, dispatchers, technicians, and back-office teams because it ties together the operational and financial workflows of a field service business.
Buy the core platform to digitize scheduling, dispatch, invoicing, and customer management.
Use the platform for multi-location workflow standardization, reporting, and scale.
Buy tools like Convex and sales/marketing workflows to manage larger commercial accounts.
Adopt Pro and FinTech products to add marketing, payments, and financing capabilities.
Strategia
ServiceTitan’s strategy is to deepen penetration within existing trades customers by expanding usage, adding users, and layering on higher-value products. It also targets larger enterprise operators and additional trades verticals, using industry-specific workflows and data insights to make the platform the operating standard for the sector.
Growth depends on more users, more workflows, and more transactions on the platform.
Larger operators can generate higher platform usage and broader workflow adoption.
A wider workflow footprint increases switching costs and platform stickiness.
Maantiede
ServiceTitan is headquartered in the United States and serves trades businesses primarily in North America. The filings provided do not disclose a country-by-country revenue split, so the business profile should be viewed as U.S.-centered with potential exposure to broader English-speaking markets through its cloud delivery model. Because the platform is software-based, geography matters more for sales coverage, customer support, and regulatory/payment integrations than for manufacturing footprint.
Riskit
ServiceTitan faces execution risk from rapid growth, customer retention, and the challenge of expanding product adoption across a fragmented trades market. It also depends on third-party payment processors, cloud infrastructure, and integrated applications, which creates operational and cybersecurity exposure, while software spending can be sensitive to broader economic conditions in the trades industry.
- Rapid growth may not continueVaikutus: KorkeaTodennäköisyys: Korkea
Revenue depends on attracting, retaining, and expanding customers on the platform.
Kohdistuu: Customer acquisition and upsell
- Dependence on third-party payment and financing partnersVaikutus: KorkeaTodennäköisyys: Kohtalainen
FinTech revenue relies on external processors and consumer financing providers.
Kohdistuu: Payments and financing
- Cybersecurity and data protection failuresVaikutus: KorkeaTodennäköisyys: Kohtalainen
The platform and its partners handle sensitive customer, employee, and payment data.
Kohdistuu: Cloud platform and integrations
- Macro weakness in trades spendingVaikutus: KeskitasoTodennäköisyys: Kohtalainen
Contractors may delay software purchases or reduce usage during slower demand periods.
Kohdistuu: End-market demand
Kirjanpito
Harkinnanvaraiset erätThe company must allocate contract value across distinct software, usage, and service obligations.
Vaikutus: Affects timing and mix of reported revenue
Payment processing and financing fees are recognized based on transaction activity and partner arrangements.
Vaikutus: Can create variability with customer transaction volumes
Equity awards are a significant operating expense for a growth software company.
Vaikutus: Affects operating income and comparability
Cloud software development and acquisitions create amortization and impairment considerations.
Vaikutus: Influences depreciation/amortization and balance sheet carrying values
The company notes bonus-related cash outflows and conference-related sales expense timing.
Vaikutus: Creates quarter-to-quarter variability in cash flow and operating expense
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Päivitetty: 24.9.2026