What is ServiceTitan, Inc.'s exchange offer (note 12)?

ServiceTitan, Inc. (TTAN) reported exchange offer (note 12) of $348.97K in Q4 2024.

What does exchange offer (note 12) mean?

Reflects the non-cash exchange of one class of equity or debt security for another, often occurring during corporate restructuring or conversion events. This metric provides visibility into changes in the equity base that do not involve immediate cash flow. It is important for tracking shifts in ownership structure and capital composition.

ServiceTitan, Inc. TTAN Exchange Offer (Note 12)

Exchange Offer (Note 12) at other companies

Oruka Therapeutics, Inc.ORKA

$52.83M—

MacerichMAC

$5.23M+4,335%

ServiceTitan, Inc.TTAN

$348.97K—

KEE

Keel Infrastructure Corp. Common StockKEEL

$50M—

UDRUDR

$3.35M+50.9%

AESAES

$0—

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%

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:ConversionOfStockAmountConverted1.

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 exchange offer (note 12)?: ServiceTitan, Inc. (TTAN) reported exchange offer (note 12) of $348.97K in Q4 2024.
What does exchange offer (note 12) mean?: Reflects the non-cash exchange of one class of equity or debt security for another, often occurring during corporate restructuring or conversion events. This metric provides visibility into changes in the equity base that do not involve immediate cash flow. It is important for tracking shifts in ownership structure and capital composition.