What does acquired in-process research and development mean?

This represents the cash paid for the acquisition of in-process research and development projects from other entities. It highlights the company's strategy of buying external innovation to accelerate product development cycles. Investors use this to evaluate the effectiveness of inorganic growth strategies in the R&D pipeline.

ServiceTitan, Inc. TTAN Acquired in-process research and development

Acquired in-process research and development at other companies

ServiceTitan, Inc.TTAN

$684.75K—

Mid-America Apartment CommunitiesMAA

$75.26M+13.6%

Cboe Global MarketsCBOE

$0-100%

BeldenBDC

$30.09M+5.9%

BiogenBIIB

$35M—

RBC BearingsRBC

$8.6M+4.2%

Other financials

Income statement

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Revenue$268.8M+24.6%

Gross profit$193.8M+30.6%

Operating income-$25.8M+48.0%

Net income-$22.8M+50.8%

EPS (diluted)-$0.24+52.9%

Balance sheet

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Cash & equivalents$421.5M+0.3%

Total debt$51.0M-68.4%

Total equity$1.6B+7.3%

Total assets$1.7B+1.2%

Cash flow

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Operating cash flow-$1.6M+89.3%

CapEx$596.0K-53.9%

Free cash flow-$2.2M+86.4%

Valuation

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Market cap$6.13B-50.1%

Enterprise value$5.76B-52.3%

P/S6×-9.0×

Profitability

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Gross margin70.9%+4.4pp

Operating margin-14.3%-4.7pp

Net margin-13.4%-4.6pp

FCF margin11.7%+7.2pp

Returns & leverage

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Return on equity-9%—

Debt / equity0×-0.1×

Current ratio4.4×-0.4×

Where this comes from

Reported directly by ServiceTitan, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ProceedsFromSaleOfIntangibleAssets.

The official record: ServiceTitan, Inc.’s 10-K, filed March 25, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is ServiceTitan, Inc.'s acquired in-process research and development?: ServiceTitan, Inc. (TTAN) reported acquired in-process research and development of $684.75K in Q4 2023.
What does acquired in-process research and development mean?: This represents the cash paid for the acquisition of in-process research and development projects from other entities. It highlights the company's strategy of buying external innovation to accelerate product development cycles. Investors use this to evaluate the effectiveness of inorganic growth strategies in the R&D pipeline.