Core Insights - ServiceTitan has introduced Accounts Payable (AP) Automation and expanded its fintech suite, including Tap to Pay for mobile payments and Integrated Financing, aimed at simplifying contractor financial operations [1][2] Group 1: AP Automation - The AP Automation leverages AI to connect bills directly to jobs, vendors, and purchase orders, enhancing visibility into cash flow and financial operations [3] - Features like automated inbox for bill capture and three-way matching help reconcile discrepancies, improving accuracy in job costing and financial management [4] Group 2: Mobile Payments - Tap to Pay on Mobile allows technicians to accept contactless payments quickly, supporting various payment methods without additional hardware, addressing consumer demand for faster payment experiences [4] - ServiceTitan Payments customers experience an average of 40% faster payment times compared to non-ServiceTitan Payments customers [4] Group 3: Integrated Financing - Integrated Financing within ServiceTitan's Field Management App enables contractors to manage the financing process directly within the platform, offering flexible payment options [5] - The new unified application waterfall for financing has an approval rate as high as 94%, facilitating efficient job closures [5] Group 4: Market Position - The expanded fintech suite positions ServiceTitan as an all-in-one platform tailored for the trades, addressing the evolving consumer expectations and the complexity of financial operations in the industry [6]

Triton International was acquired by Brookfield Infrastructure ( BIPC ) ( BIP ) in 2023, but the preferred shares of this container lessor remain outstanding. Not only were none of the existing preferred sharesThe Investment Doctor is a financial writer, highlighting European small-caps with a 5-7 year investment horizon. He strongly believes a portfolio should consist of a mixture of dividend and growth stocks. He is the leader of the investment group European Small Cap Ideas which offers exclusive access ...

We’re kicking off 2026 on a positive note so far, and in my view, the main theme we should be watching out for this year is rotation. Early so far in January, many laggards have achieved meaningful rebounds. This isn’t just tax loss rebounds- in myWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a re ...

ServiceTitan, Inc. (NASDAQ:TTAN) is one of the Best Young Tech Stocks to Buy. On December 17, Nick Altmann from BTIG initiated ServiceTitan, Inc. (NASDAQ:TTAN) with a Buy rating and a $130 price target. A day earlier, on December 16, Jason Celino from KeyBanc also reiterated a Buy rating on the stock without disclosing any price targets. Analyst Altmann of BTIG noted the company to be one of the fastest-growing large-scale software companies. He noted that ServiceTitan, Inc. (NASDAQ:TTAN) is expanding int ...

LOS ANGELES, Dec. 22, 2025 (GLOBE NEWSWIRE) -- ServiceTitan (Nasdaq: TTAN), the software platform that powers the trades, today announced that Azureon, a leading provider of ongoing pool care services, pool remodels, and pool construction in the United States, has selected ServiceTitan as its core technology platform. By standardizing Azureon’s growing network of locations on ServiceTitan, the company will operate its recurring service operations and project-based construction work under a single enterprise ...

Core Insights - ServiceTitan's first annual industry report highlights the rapid adoption of AI in the skilled trades, indicating a transformative shift in how field service companies operate [1][2] AI Adoption - Nearly half of contractors (46%) are already using or experimenting with AI, with a notable example being Gulfshore Air, which reported a 53% year-over-year revenue growth [3] - A significant majority of contractors (72%) believe AI is relevant, and 66% expect it to meaningfully transform the industry within 1-3 years [3] Efficiency Gains - Contractors see AI's primary potential in enhancing efficiency and productivity (74%), improving decision-making (51%), and reducing operational costs (48%) [4] Barriers to Adoption - The main barriers to AI adoption are organizational rather than technical, with 44% of businesses citing a lack of training or skilled staff as a top hurdle, followed by integration challenges (44%), difficulty in understanding tools (38%), and unclear ROI/use cases (37%) [5] - Employee resistance to AI is low (18%), indicating a willingness to embrace AI with proper guidance [5] Preferred AI Integration - The preferred method of AI adoption is through embedded, workflow-integrated tools, with 59% of contractors using features built into existing software, compared to 42% using general-purpose tools [6] Business Impact - AI's impact is widespread across various business functions, with the highest usage in administration (59%), followed by marketing and sales (51%), and customer service and field operations (39%) [7] Operational Challenges - Trades businesses are leveraging AI to address immediate operational challenges, focusing on high-volume, repetitive tasks to streamline processes and improve efficiency [8]

Group 1 - ServiceTitan, Inc. (NASDAQ:TTAN) is a software provider for tradespeople, particularly in the building trades, and recently reported a strong earnings performance [1][2] - The stock price of ServiceTitan has experienced significant fluctuations, starting around $100 at its IPO, dropping to approximately $80 in March, peaking at $131 in May, and then retreating to the mid-80s before rallying over $20 recently [1] - The company delivered a revenue beat and better-than-expected operating income in its latest earnings report, which positively impacted its stock performance [1] Group 2 - ServiceTitan offers a cloud platform that assists contractors with various business operations, including scheduling, dispatching, invoicing, and payments, along with specialized software for specific trades [2]

Core Insights - ServiceTitan celebrates the second annual Day of the Trades, emphasizing the vital role tradespeople play in the economy and their communities [1][2] - The initiative, Power the Nation, showcases the philanthropic efforts of contractors and trades businesses across the country [1][4] Company Initiatives - True Pros, a residential HVAC and plumbing provider, partnered with ServiceTitan and Make-A-Wish Utah to grant wishes for children, demonstrating a commitment to community support [2][3] - Above + Beyond, an HVAC company, collaborated with ServiceTitan and the Oklahoma Humane Society to enhance conditions for animals, reflecting the company's dedication to community service [3][4] - The Day of the Trades program, launched in 2024, is part of the broader Power the Nation initiative, which encourages tradespeople to leverage their skills for positive community impact [4][5] Future Developments - ServiceTitan is launching the Future of the Trades, an online resource aimed at inspiring the next generation of contractors by highlighting financial opportunities and providing access to training and certifications [6] - This initiative supports workforce development and aims to advance careers in the trades [6] Company Overview - ServiceTitan is a software platform designed to empower trades businesses with an integrated SaaS solution, enabling contractors to manage operations and enhance customer experiences [7]

Core Viewpoint - ServiceTitan (TTAN) is viewed as a business capable of compounding revenue at over 20% for an extended period, supported by strong metrics like net dollar retention [1] Group 1: Company Analysis - The company has previously received a buy rating, indicating confidence in its long-term growth potential [1] - Key metrics such as net dollar retention suggest a strong consumer base and ongoing revenue growth [1] Group 2: Investment Philosophy - The investment approach focuses on identifying undervalued companies with long-term growth potential, blending value investing principles with a long-term growth focus [1] - The strategy emphasizes purchasing quality companies at a discount to their intrinsic value and holding them to allow for compounding of earnings and shareholder returns [1]

Financial Performance - Total revenue for the three months ended October 31, 2025, was $249,163,000, representing a 25% increase from $199,275,000 in the same period of 2024[22] - Gross profit for the three months ended October 31, 2025, was $176,340,000, compared to $129,945,000 for the same period in 2024, indicating a 36% increase[22] - Net loss attributable to common stockholders for the three months ended October 31, 2025, was $39,527,000, an improvement from a net loss of $61,112,000 in the same period of 2024[22] - Operating expenses for the three months ended October 31, 2025, totaled $218,566,000, up from $173,993,000 in the same period of 2024, marking a 26% increase[22] - The company reported a weighted-average share count of 93,273,982 for the three months ended October 31, 2025, compared to 35,094,547 for the same period in 2024[22] - Subscription revenue for the three months ended October 31, 2025, was $182.8 million, up 26% from $145.3 million in 2024[57] - For the three months ended October 31, 2025, total revenue was $249.2 million, a 25% increase from $199.3 million in the same period of 2024[150] - Platform revenue increased by $48.4 million, or 25%, driven by a $37.5 million increase in subscription revenue and a $10.9 million increase in usage-based products[151] Cash and Assets - Cash and cash equivalents increased to $493,238,000 as of October 31, 2025, up from $441,802,000 as of January 31, 2025[20] - Total assets as of October 31, 2025, were $1,816,571,000, compared to $1,768,648,000 as of January 31, 2025, reflecting a growth of 2.7%[20] - The total cash, cash equivalents, and restricted cash at the end of the period was $493.865 million, up from $135.086 million at the end of the same period in 2024[33] - As of October 31, 2025, the fair value of the Company's money market funds was $475.2 million, an increase from $427.8 million as of January 31, 2025[60] - The balance of common stock as of October 31, 2025, was $1.504 billion, an increase from $1.454 billion as of January 31, 2025[28] Expenses and Costs - General and administrative expenses rose by $21.5 million, or 53%, primarily due to a $19.7 million increase in personnel-related costs, including $17.9 million in stock-based compensation[159] - Research and development expenses increased by $12.6 million, or 19%, driven by a $10.4 million rise in personnel-related costs and a $2.0 million increase in infrastructure and server costs[157] - Sales and marketing expenses increased by $10.5 million, or 15%, driven by higher personnel-related costs and a shift in customer success roles to sales and marketing[156] - Total cost of revenue for the three months ended October 31, 2025, was $72.8 million, a 5% increase from $69.3 million in the same period of 2024[154] - Total debt as of October 31, 2025, was $104.6 million, consisting of a Term Loan of $106.2 million net of unamortized debt issuance costs[193] Stock and Equity - The company reported stock-based compensation expense of $142.716 million for the nine months ended October 31, 2025, compared to $69.050 million in the prior year, indicating a 106.5% increase[31] - Total stock-based compensation expense for the three months ended October 31, 2025, was $49,660 thousand, compared to $25,426 thousand in the same period of 2024, reflecting a significant increase[101] - The company had 751,305 stock options outstanding with a weighted average exercise price of $13.59 and a remaining contractual life of 5.23 years[103] - The company recognized stock-based compensation expense of $0.3 million and $1.2 million for stock options in the three and nine months ended October 31, 2025, respectively[104] Acquisitions and Investments - The company acquired Conduit Tech, Inc. for a total purchase consideration of $19.8 million, net of cash acquired of $6.3 million, in October 2025[75] - The acquisition of Convex Labs Inc. in April 2024 had a purchase price of $25.8 million, consisting of $23.5 million in stock and $2.3 million in cash[79] - The company incurred $19.781 million in cash outflows for business acquisitions during the nine months ended October 31, 2025[31] Future Outlook and Strategy - The company plans to continue investing significantly across all aspects of its business to increase GTV, focusing on serving additional customers in existing trades and markets[124] - The company aims to expand into new trade verticals, having started with plumbing and now serving multiple trades, which unlocks new markets for future customer growth[126] - The company expects its cost of platform revenue to increase in absolute dollars as the adoption and usage of its platform and product offerings increase[141] - The company expects sales and marketing expenses to increase as it invests to attract new customers and retain existing ones, with a focus on expanding its customer success team[144] Risks and Challenges - Risks and uncertainties could adversely affect the company's business, financial condition, and results of operations, potentially impacting stock price[217] - Inflation has not materially affected the company's financial condition, but rising personnel-related costs could pose future challenges[209] - A 100 basis point increase in floating interest rates would increase annual interest expense by approximately $1.1 million[207] Compliance and Controls - There were no material changes in internal control over financial reporting during the quarter ended October 31, 2025[212] - The company believes its disclosure controls and procedures are effective at a reasonable assurance level[211] - The company has not entered into derivative or hedging transactions for foreign currency but may consider it if exposure increases[208]