ServiceTitan, Inc. (TTAN)
Vertical SaaSSaaS Metrics & Investor Data — Q2 2026
analyticsEditorial Financial Analysis
Financial Performance & Trajectory
ServiceTitan demonstrated accelerating top-line momentum in its most recent quarter. Trailing twelve-month (TTM) revenue reached $0.96B as of Q1 2026, representing a robust 24.5% YoY growth, a significant acceleration from the 17.4% growth recorded in Q4 2025. This expansion indicates strong market adoption within its vertical SaaS niche. Gross margin improved by 100 basis points sequentially to 70.1%, reflecting better unit economics and scale benefits. Cash generation remains healthy, with a Free Cash Flow (FCF) margin of 11.0%, slightly below the prior quarter's 11.6% but still indicative of a capital-efficient model at the $1B revenue run-rate.
Operational & Go-to-Market (GTM) Efficiency
The Rule of 40 score, a critical efficiency benchmark for SaaS, improved to 35.5 in Q1 2026 from 29.0 in Q4 2025. This positive trajectory is driven by the combination of accelerating growth and stable margins, though the metric still sits below the ideal 40% threshold, suggesting room for further operational leverage. Notably, Net Revenue Retention (NRR) and CAC Payback data were not disclosed, which limits the ability to fully assess customer expansion dynamics and GTM reinvestment efficiency. The absence of these metrics implies that near-term investor focus remains on top-line land-grab and gross margin expansion rather than deep cohort unit economics.
Market Valuation & Sentiment
The equity market has repriced ServiceTitan's risk/reward profile. The EV/Revenue multiple compressed from 7.1x in Q4 2025 to 5.3x in Q1 2026, despite the acceleration in growth. This de-rating likely reflects broader market caution toward high-growth software names or concerns over the company's path to Rule of 40 excellence. Insider activity is notably bearish, with $749.4K in net selling and zero insider buying over the last seven filings, signaling a lack of conviction from corporate leadership at current levels. Wall Street remains optimistic, with a consensus Buy rating (14 Buys, 2 Holds) and an average price target of $115.43, suggesting analysts see the current multiple contraction as an overreaction relative to the company's improving growth trajectory.
Disclaimer: The editorial financial analysis above is generated using data sourced from SEC EDGAR filings and Wall Street consensus ratings. This analysis is provided for informational and educational purposes only and does not constitute financial, investment, or professional advice. Readers should conduct their own research or consult with a registered financial advisor before making any investment decisions.
ServiceTitan, Inc. (TTAN) is a Vertical SaaS SaaS company with a market cap of N/A as of Q2 2026. The company trades at N/A EV/Revenue and has delivered +26.4% revenue growth year-over-year. With a gross margin of 71% and FCF margin of 10.8%, ServiceTitan, Inc. scores 37 on the Rule of 40 — placing it in the upper half of public SaaS companies tracked by SaaSDB.
compare_arrowsSector Benchmarking
Latest company metrics compared to the Vertical SaaS sector medians
Rule of 40 is 37.2% (sector median: 30.2%) — outperforming peers by 7.0%.
Revenue Growth is 26.4% (sector median: 15.5%) — outperforming peers by 10.9%.
Gross Margin is 70.7% (sector median: 74.1%) — underperforming peers by 3.4%.
FCF Margin is 10.8% (sector median: 11.9%) — in-line with peers.
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rocket_launchFounder & Operator Metrics
Not publicly disclosed by this company: Net Revenue Retention·Gross Retention·ARR·ARR Growth·CAC Payback
trending_upEfficiency & Investment Trends
biotechR&D Intensity Trend
R&D expense as % of revenue over time
TTAN's R&D spend represents a significant product investment relative to revenue, typical of early/expansion-stage SaaS.
insightsOperating Leverage Trend
Operating leverage ratio (margin expansion vs growth)
Growing efficiently. Operating income is expanding faster than revenue growth, indicating positive operating leverage.
Insider Trading Activity
90-Day Insider Sentiment: Bearish / Net Selling. Insiders executed 4 sell transactions (totaling $1.3M) with zero buys. Last activity on Jun 17, 2026.
Analyst Ratings
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