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ServiceTitan, Inc. TTAN Contract Assets

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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$8.19B-8.3%
Enterprise value$7.82B-9.3%
P/S8.1×-2.2×

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 / equity-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:ContractWithCustomerAssetNetCurrent.

The source filing: ServiceTitan, Inc.’s 10-Q, filed June 5, 2026.

Filed
Jun 5, 2026, 4:32 PM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q2 2026
Accession
0001638826-26-000047
Line itemAs of / April 30, 2026As of / January 31, 2026
Restricted cash166
Accounts receivable, net of allowance of $9,585 and $11,963 as of April 30, 2026 and January 31, 2026, respectively63,36155,974
Deferred contract costs, current15,24914,964
Contract assets64,55357,777
Prepaid expenses28,61025,894
Other current assets7,5767,314
Total current assets600,880590,858
Restricted cash, noncurrent416417

Item 1. Financial Statements.

FAQ

What is ServiceTitan, Inc.'s contract assets?
ServiceTitan, Inc. (TTAN) reported contract assets of $64.55M in Q1 2026.
How has ServiceTitan, Inc.'s contract assets changed year-over-year?
ServiceTitan, Inc.'s contract assets increased by 36.6% year-over-year, from $47.27M to $64.55M.
What is the long-term trend for ServiceTitan, Inc.'s contract assets?
Over 2 years (2024 to 2026), ServiceTitan, Inc.'s contract assets has grown at a 21.2% compound annual growth rate (CAGR), from $39.33M to $57.78M.
What does contract assets mean?
Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.

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