ServiceTitan, Inc. Class A (TTAN)

ServiceTitan went public in mid-December 2024, selling 8.8 million shares at $71 apiece, raising approximately $625 million. Following its IPO, the stock fell below its opening price in January 2025 after the company's fiscal fourth-quarter guidance fell below estimates. As of January 24, 2026, the stock's one-month return showed a 14.5% decline, a 6.1% decline over the past three months, and a 5.6% decline over the past year. On February 4, 2026, Wells Fargo & Company cut its price target on ServiceTitan from $140 to $125, while maintaining an "overweight" rating. The stock also hit a new 52-week low on February 5, 2026, following an analyst downgrade. Insider selling has also been observed.

Demand for ServiceTitan's products and services is influenced by the seasonality of the trades it serves. Summer is identified as the busiest season for HVAC companies, a key segment of ServiceTitan's customer base. The company's software is designed to help businesses manage these seasonal fluctuations, allowing contractors to strategically allocate resources. The platform's scheduling and dispatching capabilities are particularly valuable for seasonal businesses that need to manage hundreds of jobs efficiently without manual intervention.

ServiceTitan, Inc. is a cloud-based software provider offering business management solutions for residential and commercial trade contractors, operating in the enterprise software and vertical SaaS sectors. Its core business revolves around its end-to-end cloud-based software platform, which integrates various business workflows such as CRM, scheduling and dispatch, mobile workforce management, invoicing, payments, and reporting tools. The company's major products include the ServiceTitan Platform, FieldRoutes, Aspire, Convex, Conduit, FinTech Products, and Pro Products. ServiceTitan serves a wide array of industries, including HVAC, plumbing, electrical, and many more.

ServiceTitan's geographical market presence is predominantly concentrated in North America, with a significant focus on the United States and Canada. In fiscal year 2024, over 95% of ServiceTitan's revenue originated from the United States, and its customers operate in zip codes covering 98.5% of the U.S. population. The company also has an engineering hub in Yerevan, Armenia, established in 2019, which contributes to its international operational footprint for product development. Its cloud-based platform is globally accessible, allowing service businesses worldwide to utilize its capabilities.

ServiceTitan maintains a strong brand reputation, built on principles of trust, transparency, consistency, and customer-centric solutions. In the past year (2024), ServiceTitan focused on constant growth, improvement, and change, releasing new features across its commercial and residential verticals, Pro Product, and FinTech suites. There have been no widely reported negative events or controversies that have significantly impacted ServiceTitan's brand reputation in the past year; instead, the focus has been on positive developments and customer success.

ServiceTitan, Inc. has a diverse ownership structure, including both major institutional and individual investors. Major institutional owners include ICONIQ Capital, LLC, Deer Management Co. LLC, Vanguard Group Inc, Battery Management Corp., JPMorgan Chase & Co, Kayne Anderson Rudnick Investment Management Llc, Generation Investment Management Llp, Index Venture Growth Associates IV Ltd, BlackRock, Inc., and Franklin Resources Inc. Key individual owners include the co-founders Vahe Kuzoyan and Ara Mahdessian, as well as William Jg Griffith.