Tearsheet

ServiceTitan (TTAN)


Market Price (7/5/2026): $78.51 | Market Cap: $7.5 BilSector: Information Technology | Industry: Application Software

ServiceTitan (TTAN)


Market Price (7/5/2026): $78.51
Market Cap: $7.5 Bil
Sector: Information Technology
Industry: Application Software

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -30%

Megatrend and thematic drivers
Megatrends include Cloud Computing, and Automation & Robotics. Themes include Software as a Service (SaaS), and Process Automation.

Weak multi-year price returns
2Y Excs Rtn is -59%, 3Y Excs Rtn is -93%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -144 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -14%

Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 60x

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 21%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.1%

Key risks
TTAN key risks include [1] its historical challenges in achieving sustained profitability and positive cash flow and [2] its direct reliance on a contractor customer base facing significant operational headwinds like persistent labor shortages and rising costs.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%
1 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -30%
2 Megatrend and thematic drivers
Megatrends include Cloud Computing, and Automation & Robotics. Themes include Software as a Service (SaaS), and Process Automation.
3 Weak multi-year price returns
2Y Excs Rtn is -59%, 3Y Excs Rtn is -93%
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -144 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -14%
5 Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 60x
6 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 21%
7 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.1%
8 Key risks
TTAN key risks include [1] its historical challenges in achieving sustained profitability and positive cash flow and [2] its direct reliance on a contractor customer base facing significant operational headwinds like persistent labor shortages and rising costs.

TTAN in ETFs

Weight = TTAN's share of each fund

VTI0.01%
ITOT0.01%
IWM0.14%
VB0.05%
IWO0.29%
SPEM0.17%
IGV0.16%
VBK0.12%
+10 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 7/2/2026

ServiceTitan (TTAN) stock has gained about 25% since 3/31/2026 because of the following key factors:

1. ServiceTitan reported a significant beat on its fiscal Q1 2027 earnings and raised its full fiscal year 2027 guidance. The company announced its fiscal Q1 2027 results on June 4, 2026, reporting an Earnings Per Share (EPS) of $0.37, which surpassed analyst consensus estimates of $0.28 by 32.14%. Total revenue reached $268.8 million, a 25% year-over-year increase, exceeding the consensus estimate of $257.40 million. Following these strong results, ServiceTitan raised its full fiscal year 2027 revenue guidance to $1.13 billion to $1.14 billion and operating income guidance to $142 million to $147 million.

2. The company demonstrated robust growth in key operational metrics and improved profitability. ServiceTitan's Gross Transaction Volume (GTV) increased by 23% year-over-year to $21.7 billion in fiscal Q1 2027. Additionally, the non-GAAP income from operations saw a substantial improvement, rising to $40.8 million with a 15.2% margin, compared to 7.5% in the prior fiscal year. The company also maintained a net dollar retention rate above 110%, indicating strong customer loyalty and expansion within its existing client base.

Show more
Updated on 7/2/2026

ServiceTitan (TTAN) stock has gained about 25% since 3/31/2026 because of the following key factors:

1. ServiceTitan reported a significant beat on its fiscal Q1 2027 earnings and raised its full fiscal year 2027 guidance. The company announced its fiscal Q1 2027 results on June 4, 2026, reporting an Earnings Per Share (EPS) of $0.37, which surpassed analyst consensus estimates of $0.28 by 32.14%. Total revenue reached $268.8 million, a 25% year-over-year increase, exceeding the consensus estimate of $257.40 million. Following these strong results, ServiceTitan raised its full fiscal year 2027 revenue guidance to $1.13 billion to $1.14 billion and operating income guidance to $142 million to $147 million.

2. The company demonstrated robust growth in key operational metrics and improved profitability. ServiceTitan's Gross Transaction Volume (GTV) increased by 23% year-over-year to $21.7 billion in fiscal Q1 2027. Additionally, the non-GAAP income from operations saw a substantial improvement, rising to $40.8 million with a 15.2% margin, compared to 7.5% in the prior fiscal year. The company also maintained a net dollar retention rate above 110%, indicating strong customer loyalty and expansion within its existing client base.

3. Positive analyst sentiment and multiple price target upgrades bolstered investor confidence. Following the fiscal Q1 2027 earnings release, several Wall Street analysts upgraded their ratings and raised price targets for ServiceTitan's stock. For example, TD Cowen increased its price target to $125, Morgan Stanley to $124, Piper Sandler to $115, BTIG to $110, and BMO Capital to $103. The consensus analyst rating for TTAN remained a "Moderate Buy" or "Buy," with an average price target ranging from $108.94 to $117.26, suggesting considerable upside potential.

4. Continued innovation and increasing adoption of the AI-powered Max platform contributed to the positive trend. ServiceTitan highlighted its progress in delivering an "Agentic Operating System to the Trades" through its Max AI platform. In fiscal Q1 2027, the number of customer locations utilizing Max more than doubled, and the company projects another doubling in fiscal Q2 2027. ServiceTitan reported that fully ramped Max customers are automating over 10% of their jobs, signaling effective product development and a strong growth driver for the company.

Show less
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →

Stock Movement Drivers

Fundamental Drivers

The 23.4% change in TTAN stock from 3/31/2026 to 7/4/2026 was primarily driven by a 18.0% change in the company's P/S Multiple.
(LTM values as of)33120267042026Change
Stock Price ($)63.4678.3123.4%
Change Contribution By: 
Total Revenues ($ Mil)9611,0145.5%
P/S Multiple6.27.318.0%
Shares Outstanding (Mil)9495-0.9%
Cumulative Contribution23.4%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 7/4/2026
ReturnCorrelation
TTAN23.4% 
Market (SPY)14.5%-3.3%
Sector (XLK)35.9%-8.2%

Fundamental Drivers

The -26.5% change in TTAN stock from 12/31/2025 to 7/4/2026 was primarily driven by a -32.3% change in the company's P/S Multiple.
(LTM values as of)123120257042026Change
Stock Price ($)106.5078.31-26.5%
Change Contribution By: 
Total Revenues ($ Mil)9161,01410.7%
P/S Multiple10.87.3-32.3%
Shares Outstanding (Mil)9395-1.8%
Cumulative Contribution-26.5%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 7/4/2026
ReturnCorrelation
TTAN-26.5% 
Market (SPY)9.5%12.3%
Sector (XLK)25.6%11.1%

Fundamental Drivers

The -26.9% change in TTAN stock from 6/30/2025 to 7/4/2026 was primarily driven by a -7.1% change in the company's Shares Outstanding (Mil).
(LTM values as of)63020257042026Change
Stock Price ($)107.1878.31-26.9%
Change Contribution By: 
Total Revenues ($ Mil)1,0140.0%
P/S Multiple7.30.0%
Shares Outstanding (Mil)8895-7.1%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2025 to 7/4/2026
ReturnCorrelation
TTAN-26.9% 
Market (SPY)21.6%15.5%
Sector (XLK)43.2%15.3%

Fundamental Drivers

null
null

Market Drivers

6/30/2023 to 7/4/2026
ReturnCorrelation
TTAN  
Market (SPY)74.0%29.4%
Sector (XLK)111.6%27.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
TTAN Return---2%4%-30%-27%
Peers Return9%-34%70%28%-8%-32%-3%
S&P 500 Return27%-19%24%23%16%9%99%

Monthly Win Rates [3]
TTAN Win Rate---100%33%29% 
Peers Win Rate56%28%63%65%45%31% 
S&P 500 Win Rate75%42%67%75%67%43% 

Max Drawdowns [4]
TTAN Max Drawdown-----34%-49% 
Peers Max Drawdown-22%-43%-19%-27%-33%-41% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: PCOR, APPF, NOW, CRM, MSFT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/2/2026 (YTD)

How Low Can It Go

EventTTANS&P 500
2025 US Tariff Shock
  % Loss-16.5%-18.8%
  % Gain to Breakeven19.7%23.1%
  Time to Breakeven13 days79 days

Compare to PCOR, APPF, NOW, CRM, MSFT

In The Past

ServiceTitan's stock fell -16.5% during the 2025 US Tariff Shock. Such a loss loss requires a 19.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

null

Compare to PCOR, APPF, NOW, CRM, MSFT

In The Past

ServiceTitan's stock fell -16.5% during the 2025 US Tariff Shock. Such a loss loss requires a 19.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About ServiceTitan (TTAN)

ServiceTitan (TTAN) offers an end-to-end, cloud-based software platform designed as the "operating system" for businesses in the skilled trades industry. The company addresses a large and historically underserved market, including plumbers, HVAC technicians, electricians, roofers, and landscapers, in the United States and Canada. Its mission is to modernize these essential field service businesses by replacing outdated, manual processes with integrated technology, enabling them to operate more efficiently, scale, and thrive in an industry estimated to have $1.5 trillion in annual spend.

The platform provides comprehensive capabilities across five critical business functions: Customer Relationship Management (CRM), Field Service Management (FSM), Enterprise Resource Planning (ERP), Human Capital Management (HCM), and FinTech. ServiceTitan generates revenue primarily through subscriptions to its Core and Pro software products, which offer functionalities like call tracking, scheduling, dispatching, marketing automation, estimating, and inventory management. Additionally, it offers usage-based services, including payment processing and third-party consumer financing solutions, which empower trades businesses to accelerate revenue, enhance operational efficiency, deliver superior customer service, and improve employee experience.

ServiceTitan serves a wide range of customers, from small, family-owned contractors to large franchises with national footprints, supporting their growth and professionalization. As of January 31, 2024, the company had approximately 8,000 active customers who processed $62.0 billion in Gross Transaction Volume (GTV) through the platform over the prior 12 months. With its solutions, ServiceTitan helps customers manage millions of jobs annually, fostering durable relationships, as evidenced by a net dollar retention rate of over 110% and a gross dollar retention rate of over 95% for the past ten fiscal quarters.

AI Analysis | Feedback

Toast for the trades.

Shopify for local service businesses.

AI Analysis | Feedback

```html
  • Core Product: A base-level, cloud-based software platform providing essential functionalities across key workflows for trades businesses, such as call tracking, scheduling, dispatching, and CRM.
  • Pro Products: Value-additive software modules that supplement the Core product, offering higher levels of functionality and specialized capabilities for trades businesses.
  • FinTech Products: Integrated financial technology solutions within the platform, encompassing payment processing and third-party consumer financing options for trades businesses.
```

AI Analysis | Feedback

ServiceTitan (TTAN) primarily sells its cloud-based software platform to other companies, specifically "trades businesses." The provided description does not list individual names of its major customer companies, nor does it indicate that any of its direct business customers are publicly traded entities. Instead, ServiceTitan serves a broad range of privately-owned businesses within the trades industry.

Based on the provided information, the customers can be categorized by the type and size of trades business they operate:

  1. Diverse Trades Businesses: ServiceTitan's platform is designed for businesses across a wide array of field service activities. These include, but are not limited to, plumbing, electrical, HVAC (heating, ventilation, and air conditioning), garage door services, pest control, and landscaping companies.
  2. Small to Mid-Sized Contractors: Many of ServiceTitan's customers are family-owned contractors or independent businesses with a few employees. These businesses utilize the platform to manage their daily operations, from scheduling and dispatching to invoicing and payment processing.
  3. Large Franchises and Enterprise Customers: ServiceTitan also caters to larger organizations within the trades, including big franchises with national footprints. Some of these customers have over 500 locations and generate over $1 billion in annual Gross Transaction Volume (GTV) through the platform. This demonstrates the platform's scalability to support significant operations.

In summary, ServiceTitan's customer base consists of trades businesses of varying sizes across numerous service sectors, all leveraging the platform to streamline operations and enhance their service delivery.

AI Analysis | Feedback

null

AI Analysis | Feedback

Ara Mahdessian, Co-founder and CEO

Ara Mahdessian is the co-founder and CEO of ServiceTitan, which he co-founded in 2007 (initially as LinxLogic, Inc.) and has served as CEO since its inception. Born in the trades, he grew up observing his father, a residential contractor, manage his business manually. Mahdessian, an Armenian immigrant from Iran, graduated from Stanford University with degrees in Management Science and Computer Science. He and co-founder Vahe Kuzoyan started ServiceTitan to provide technology to tradespeople.

Vahe Kuzoyan, Co-founder and President

Vahe Kuzoyan is the co-founder and President of ServiceTitan. Inspired by his father, a plumber who experienced frustration with the lack of technology in the industry, Kuzoyan co-founded ServiceTitan with Ara Mahdessian to address this need. He is responsible for defining the company's overall product strategy and overseeing product development. Kuzoyan earned a Bachelor of Science in computer science, neuroscience, and business administration from the University of Southern California.

Dave Sherry, Chief Financial Officer

Dave Sherry has served as ServiceTitan's Chief Financial Officer since June 2023. Prior to joining ServiceTitan, he held CFO positions at QuintoAndar from May 2019 to June 2023 and at Lightspeed Commerce Inc. from January 2014 to February 2018. He also worked as a Growth Operating Partner at Accel, a venture capital firm, from June 2018 to May 2019, and held roles at TPG and McKinsey & Co. Sherry holds a B.B.A. from the University of Michigan and an M.B.A. from Stanford University Graduate School of Business.

Anmol Bhasin, CTO

Anmol Bhasin is the CTO at ServiceTitan, a position he has held since December 2021. His extensive background includes senior engineering roles at Salesforce, Groupon, and LinkedIn, where he specialized in AI, search technologies, and data platforms. Bhasin holds an MBA from The Wharton School and an MS in Computer Science from the University at Buffalo.

AI Analysis | Feedback

  1. Sustained Operating and Net Losses: ServiceTitan has consistently incurred significant losses from operations and net losses in recent fiscal periods. For example, the company reported operating losses of $221.9 million and $182.9 million in fiscal 2023 and fiscal 2024, respectively, along with net losses of $269.5 million and $195.1 million for the same periods. While these losses are attributed to continued investment in business growth, their persistence represents a fundamental financial risk.
  2. Normalization and Decline in Net Dollar Retention Rate: ServiceTitan has observed a gradual normalization and a decline in its quarterly net dollar retention rate. Over the last ten fiscal quarters, the rate declined by seven percentage points, with a two-percentage-point decline occurring specifically between July 31, 2023, and July 31, 2024. While the rate remains over 110%, this trend could indicate a challenge in maintaining the historical rate of revenue expansion from existing customers.

AI Analysis | Feedback

null

AI Analysis | Feedback

For ServiceTitan (symbol: TTAN), the addressable market for trades services for homes and businesses in the United States and Canada is approximately $1.5 trillion annually.

AI Analysis | Feedback

ServiceTitan (TTAN) is expected to drive future revenue growth over the next 2-3 years through several key strategies:

  1. Growth in Active Customers: ServiceTitan anticipates expanding its customer base by continuing to acquire new trades businesses. The company's focus on providing an essential operating system for the trades and its ability to scale with businesses of varying sizes position it to attract more clients, from small family-owned contractors to large franchises. The increase from approximately 6,800 Active Customers as of January 31, 2023, to approximately 8,000 Active Customers as of January 31, 2024, demonstrates a consistent trend in customer acquisition.
  2. Increased Adoption and Usage of Add-on Products (Pro and FinTech) by Existing Customers: A significant driver will be the expansion of services utilized by current customers. ServiceTitan employs a "land and expand" strategy, starting with its Core product and then offering value-additive Pro products and FinTech solutions. The company's net dollar retention rate of over 110% for each of the last ten fiscal quarters indicates that existing customers are increasing their spending on the platform through the adoption of these add-on features and increased transaction volumes.
  3. Expansion of Gross Transaction Volume (GTV) and Deeper Penetration within Existing Markets: ServiceTitan aims to capture a larger share of the substantial $1.5 trillion annual spend on trades services in the United States and Canada. This will be achieved by enabling its customers to grow their businesses, which in turn increases the total Gross Transaction Volume (GTV) processed through the ServiceTitan platform. The GTV has grown from $44.9 billion in fiscal 2023 to $62.0 billion for the 12 months ended July 31, 2024, highlighting the potential for continued growth within its served markets.
  4. Product Innovation and AI Integration: Ongoing investment in research and development, particularly in artificial intelligence (AI), is expected to enhance ServiceTitan's platform capabilities. By integrating AI into automated workflows and continuously developing new features based on customer interactions and data, ServiceTitan aims to deliver differentiated value, attract new customers, and encourage further adoption of premium services among its existing base.
  5. Strategic Acquisitions: ServiceTitan explicitly states that it has consistently grown and scaled its business operations both organically and through acquisitions. This inorganic growth strategy allows the company to expand its market reach, acquire new technologies, or integrate complementary services, thereby contributing to overall revenue growth.

AI Analysis | Feedback


Share Repurchases

  • ServiceTitan repurchased approximately $18.963 million in shares for tax withholding related to the settlement of restricted stock units during the fiscal year ended January 31, 2026.

Share Issuance

  • In March 2021, ServiceTitan completed a Series F funding round, raising $500 million at a post-money valuation of $7.8 billion.
  • The company raised an additional $200 million in a Series G round in June 2021, achieving a post-money valuation of $9.5 billion.
  • ServiceTitan launched its initial public offering (IPO) in December 2024, offering 8,800,000 shares of Class A common stock at $71.00 per share and raising $625 million.

Inbound Investments

  • Prior to its initial public offering, ServiceTitan raised almost $1.4 billion in total equity capital across eight funding rounds from venture and crossover investors.
  • Key investors in these funding rounds included Iconiq Capital, Bessemer Venture Partners, TPG Inc., Index Ventures, and Mucker Capital.

Outbound Investments

  • In 2021, ServiceTitan acquired Aspire Software, a company specializing in software for landscapers, and ServicePro, which provides software for pest control and lawn care contractors.
  • In January 2022, ServiceTitan acquired FieldRoutes, a mobile software-as-a-service provider for the lawn care and pest control industries.
  • The company further expanded with the acquisition of Convex, a sales and marketing platform for construction professionals, in April 2024, and Conduit Tech, an HVAC sales and design platform, in September 2025.

Capital Expenditures

  • ServiceTitan's capital expenditures were $89 million in 2023, $44 million in 2024, and $22 million in 2025.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

TTANPCORAPPFNOWCRMMSFTMedian
NameServiceT.Procore .AppFolio ServiceN.Salesfor.Microsoft 
Mkt Price78.3143.97170.90106.32166.11390.49136.22
Mkt Cap7.46.66.1110.1144.22,899.858.7
Rev LTM1,0141,37199513,96042,829318,2737,666
Op Inc LTM-144-1041701,8769,366148,9571,023
FCF LTM982262314,62414,66172,9162,427
FCF 3Y Avg-1431653,80012,88170,9523,800
CFO LTM1233112385,43715,221170,1412,874
CFO 3Y Avg-2121744,62613,511136,9914,626

Growth & Margins

TTANPCORAPPFNOWCRMMSFTMedian
NameServiceT.Procore .AppFolio ServiceN.Salesfor.Microsoft 
Rev Chg LTM24.1%14.9%20.7%21.7%11.0%17.9%19.3%
Rev Chg 3Y Avg-21.2%25.7%22.4%10.0%15.3%21.2%
Rev Chg Q24.6%15.7%20.4%22.1%13.3%18.3%19.4%
QoQ Delta Rev Chg LTM5.5%3.7%4.7%5.1%3.1%4.2%4.4%
Op Inc Chg LTM33.1%32.5%25.5%26.5%18.2%22.0%26.0%
Op Inc Chg 3Y Avg-27.4%106.1%71.1%53.7%20.7%53.7%
Op Mgn LTM-14.2%-7.6%17.1%13.4%21.9%46.8%15.3%
Op Mgn 3Y Avg--12.3%14.2%12.1%20.3%45.6%14.2%
QoQ Delta Op Mgn LTM2.8%1.8%1.0%-0.3%0.4%0.1%0.7%
CFO/Rev LTM12.1%22.7%23.9%38.9%35.5%53.5%29.7%
CFO/Rev 3Y Avg-17.3%20.4%39.9%34.5%49.5%34.5%
FCF/Rev LTM9.6%16.5%23.2%33.1%34.2%22.9%23.0%
FCF/Rev 3Y Avg-11.6%19.3%32.7%32.9%26.1%26.1%

Valuation

TTANPCORAPPFNOWCRMMSFTMedian
NameServiceT.Procore .AppFolio ServiceN.Salesfor.Microsoft 
Mkt Cap7.46.66.1110.1144.22,899.858.7
P/S7.34.86.17.93.49.16.7
P/Op Inc-51.8-64.035.958.715.419.517.4
P/EBIT-58.4-87.235.945.814.518.416.4
P/E-54.6-86.340.162.618.023.220.6
P/CFO60.421.325.620.29.517.020.8
Total Yield-1.8%-1.2%2.5%1.6%6.4%5.2%2.0%
Dividend Yield0.0%0.0%0.0%0.0%0.8%0.9%0.0%
FCF Yield 3Y Avg-1.5%2.4%2.8%5.9%2.5%2.5%
D/E0.00.00.00.00.30.00.0
Net D/E-0.0-0.1-0.0-0.00.2-0.0-0.0

Returns

TTANPCORAPPFNOWCRMMSFTMedian
NameServiceT.Procore .AppFolio ServiceN.Salesfor.Microsoft 
1M Rtn5.4%-13.3%4.4%-10.9%-11.8%-8.8%-9.8%
3M Rtn24.4%-24.2%8.8%4.2%-10.8%4.8%4.5%
6M Rtn-22.9%-37.2%-25.8%-27.9%-34.2%-17.1%-26.9%
12M Rtn-28.0%-37.5%-26.5%-49.1%-38.4%-21.1%-32.8%
3Y Rtn-22.5%-31.6%-1.0%-6.0%-21.0%18.2%-13.5%
1M Excs Rtn6.1%-14.9%-0.5%-15.0%-15.4%-9.9%-12.4%
3M Excs Rtn11.6%-37.1%-2.9%-11.6%-24.2%-7.9%-9.7%
6M Excs Rtn-35.4%-48.9%-36.0%-39.6%-45.7%-28.1%-37.8%
12M Excs Rtn-49.1%-57.6%-46.4%-68.2%-59.1%-40.7%-53.3%
3Y Excs Rtn-93.4%-102.6%-68.6%-72.5%-90.0%-51.4%-81.2%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil2026202520242023
Platform services961772614 
Professional services and other   24
Subscription   332
Usage   111
Total961772614468


Price Behavior

Price Behavior
Market Price$78.31 
Market Cap ($ Bil)7.4 
First Trading Date12/12/2024 
Distance from 52W High-34.5% 
   50 Days200 Days
DMA Price$99.45$89.66
DMA Trenddownup
Distance from DMA-21.3%-12.7%
 3M1YR
Volatility61.6%53.0%
Downside Capture-58.98114.34
Upside Capture49.0448.07
Correlation (SPY)-1.1%15.7%
TTAN Betas & Captures as of 6/30/2026

 1M2M3M6M1Y3Y
Beta-0.26-0.390.160.570.660.06
Up Beta0.72-0.370.540.880.45-0.17
Down Beta-1.73-0.65-1.16-0.470.47-0.01
Up Capture-15%36%51%24%36%10%
Bmk +ve Days11244067140429
Stock +ve Days11233458124185
Down Capture11%-102%13%135%117%81%
Bmk -ve Days10172358112321
Stock -ve Days10182967127199

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TTAN
TTAN-28.9%52.9%-0.46-
Sector ETF (XLK)44.7%24.0%1.4815.6%
Equity (SPY)21.7%12.5%1.2915.7%
Gold (GLD)23.1%27.7%0.730.3%
Commodities (DBC)21.3%18.6%0.90-4.9%
Real Estate (VNQ)13.6%13.8%0.688.1%
Bitcoin (BTCUSD)-42.0%42.7%-1.1518.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TTAN
TTAN-5.1%51.4%-0.16-
Sector ETF (XLK)20.9%25.4%0.7327.6%
Equity (SPY)13.3%17.1%0.6029.4%
Gold (GLD)17.9%18.3%0.791.3%
Commodities (DBC)6.9%19.5%0.253.1%
Real Estate (VNQ)3.1%18.9%0.0621.3%
Bitcoin (BTCUSD)12.2%53.8%0.4116.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TTAN
TTAN-2.6%51.4%-0.16-
Sector ETF (XLK)24.9%24.8%0.9127.6%
Equity (SPY)15.4%18.0%0.7329.4%
Gold (GLD)12.1%16.1%0.611.3%
Commodities (DBC)5.7%18.0%0.253.1%
Real Estate (VNQ)5.5%20.7%0.2321.3%
Bitcoin (BTCUSD)59.0%66.2%0.9916.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date6152026
Short Interest: Shares Quantity7.4 Mil
Short Interest: % Change Since 531202621.3%
Average Daily Volume2.1 Mil
Days-to-Cover Short Interest3.6 days
Basic Shares Quantity95.0 Mil
Short % of Basic Shares7.8%

Earnings Returns History

Updated 6/15/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
6/4/20264.1%-8.2% 
3/12/2026-6.4%-9.4%-24.2%
12/4/202510.5%10.9%10.6%
9/4/202513.6%16.7%1.4%
6/5/2025-6.9%-10.2%-4.0%
3/13/202512.9%14.3%22.5%
1/13/2025-3.9%-3.0%-1.8%
SUMMARY STATS   
# Positive433
# Negative343
Median Positive11.7%14.3%10.6%
Median Negative-6.4%-8.8%-4.0%
Max Positive13.6%16.7%22.5%
Max Negative-6.9%-10.2%-24.2%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
6/4/20264.1%-8.2% 
3/12/2026-6.4%-9.4%-24.2%
12/4/202510.5%10.9%10.6%
9/4/202513.6%16.7%1.4%
6/5/2025-6.9%-10.2%-4.0%
3/13/202512.9%14.3%22.5%
1/13/2025-3.9%-3.0%-1.8%
SUMMARY STATS   
# Positive433
# Negative343
Median Positive11.7%14.3%10.6%
Median Negative-6.4%-8.8%-4.0%
Max Positive13.6%16.7%22.5%
Max Negative-6.9%-10.2%-24.2%

SEC Filings

Expand for More
Report DateFiling DateFiling
04/30/202606/05/202610-Q
01/31/202603/25/202610-K
10/31/202512/09/202510-Q
07/31/202509/10/202510-Q
04/30/202506/12/202510-Q
01/31/202504/02/202510-K
10/31/202401/14/202510-Q
07/31/202412/12/2024424B4
Collapse to Preview
Report DateFiling DateFiling
04/30/202606/05/202610-Q
01/31/202603/25/202610-K
10/31/202512/09/202510-Q
07/31/202509/10/202510-Q
04/30/202506/12/202510-Q
01/31/202504/02/202510-K
10/31/202401/14/202510-Q
07/31/202412/12/2024424B4

Recent Forward Guidance

Updated 7/1/2026

Latest: Q1 2027 Earnings Reported 6/4/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2027 Total revenue284.00 Mil285.00 Mil286.00 Mil   
Q2 2027 Non-GAAP income from operations38.00 Mil38.50 Mil39.00 Mil   
2027 Total revenue1.13 Bil1.14 Bil1.14 Bil1.8% RaisedGuidance: 1.11 Bil for 2027
2027 Non-GAAP income from operations142.00 Mil144.50 Mil147.00 Mil10.7% RaisedGuidance: 130.50 Mil for 2027

Prior: Q4 2026 Earnings Reported 3/12/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2027 Revenue255.00 Mil256.00 Mil257.00 Mil4.5% Higher NewActual: 245.00 Mil for Q4 2026
Q1 2027 Non-GAAP income from operations27.00 Mil27.50 Mil28.00 Mil66.7% Higher NewActual: 16.50 Mil for Q4 2026
2027 Revenue1.11 Bil1.11 Bil1.12 Bil17.1% Higher NewActual: 952.00 Mil for 2026
2027 Non-GAAP income from operations128.00 Mil130.50 Mil133.00 Mil56.3% Higher NewActual: 83.50 Mil for 2026

Insider Activity

Updated 7/2/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Deeter, Byron B See FootnotesSell70220260.000  Form
2Deeter, Byron B See FootnotesSell70220260.000  Form
3Deeter, Byron B See FootnotesSell63020260.000  Form
4Deeter, Byron B See FootnotesSell63020260.000  Form
5Deeter, Byron B DirectSell625202665.268,845577,225322,189Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Deeter, Byron B See FootnotesSell70220260.000  Form
2Deeter, Byron B See FootnotesSell70220260.000  Form
3Deeter, Byron B See FootnotesSell63020260.000  Form
4Deeter, Byron B See FootnotesSell63020260.000  Form
5Deeter, Byron B DirectSell625202665.268,845577,225322,189Form
6Deeter, Byron B DirectSell625202663.358,845560,331873,090Form
7Griffith, William JG ICONIQ Strategic Partners V, L.P.Sell624202663.4340,3292,558,00328,112,785Form
8Griffith, William JG ICONIQ Strategic Partners V-B, L.P.Sell624202663.4354,0863,430,58737,702,137Form
9Iconiq, Strategic Partners V, LP ICONIQ Strategic Partners V, L.P.Sell624202663.4340,3292,558,00328,112,785Form
10Iconiq, Strategic Partners V, LP ICONIQ Strategic Partners V-B, L.P.Sell624202663.4354,0863,430,58737,702,137Form
11Griffith, William JG ICONIQ Strategic Partners V, L.P.Sell624202663.01855,35630,468,486Form
12Griffith, William JG ICONIQ Strategic Partners V-B, L.P.Sell624202663.011157,24640,861,418Form
13Iconiq, Strategic Partners V, LP DirectSell624202663.01855,35630,468,486Form
14Iconiq, Strategic Partners V, LP ICONIQ Strategic Partners V-B, L.P.Sell624202663.011157,24640,861,418Form
15Mahdessian, AraChief Executive OfficerDirectSell617202666.193,028200,440116Form
16Kuzoyan, VahePresidentDirectSell617202666.193,208212,33883Form
17Sherry, DavidChief Financial OfficerDirectSell617202666.1920,1921,336,54226,345,788Form
18O'Connor, MicheleChief Accounting OfficerDirectSell617202666.195,304351,1055,069,227Form
19Deeter, Byron B See footnoteSell61520260.000  Form
20O'Connor, MicheleChief Accounting OfficerDirectSell610202669.1410,000691,4005,661,909Form
21O'Connor, MicheleChief Accounting OfficerDirectSell413202658.935,000294,6504,680,014Form
22Mahdessian, AraChief Executive OfficerDirectSell318202669.862,288159,87570Form
23Kuzoyan, VahePresidentDirectSell318202669.863,220224,98487Form
24Sherry, DavidChief Financial OfficerDirectSell318202669.8617,7781,241,93621,867,944Form
25O'Connor, MicheleChief Accounting OfficerDirectSell318202669.865,154360,0765,897,337Form
26Sherry, DavidChief Financial OfficerDirectSell122202688.2614512,79829,196,651Form
27Sherry, DavidChief Financial OfficerDirectSell122202691.3083376,05530,216,404Form
28Mahdessian, AraChief Executive OfficerDirectSell115202692.4932,0002,959,68046Form
29Mahdessian, AraChief Executive OfficerDirectSell115202698.5032,0003,152,00049Form
30Kuzoyan, VahePresidentDirectSell107202699.7316,3881,634,37575Form
31Kuzoyan, VahePresidentDirectSell1072026100.6216,3881,649,02675Form
32Deeter, Byron B See footnoteSell122320250.000  Form
33Deeter, Byron B See footnoteSell122320250.000  Form
34Deeter, Byron B See footnoteSell121920250.000  Form
35Deeter, Byron B See footnoteSell121920250.000  Form
36Kuzoyan, VahePresidentDirectSell12182025105.303,038319,95479Form
37Mahdessian, AraChief Executive OfficerDirectSell12182025105.303,038319,95453Form
38Sherry, DavidChief Financial OfficerDirectSell12182025105.3011,6721,229,06234,936,513Form
39O'Connor, MicheleChief Accounting OfficerDirectSell12182025105.301,678176,6679,431,800Form
40Kuzoyan, VahePresidentDirectSell12172025103.9916,3881,704,18826Form
41Kuzoyan, VahePresidentDirectSell12172025102.8216,3881,685,01426Form
42Mahdessian, AraChief Executive Officerthe AMKE Trust dated February 1, 2019Sell12112025106.8542,666  Form
43Mahdessian, AraChief Executive Officerthe AMKE Trust dated February 1, 2019Sell12112025107.5688,525  Form
44Deeter, Byron B See footnoteSell121020250.000  Form
45O'Connor, MicheleChief Accounting OfficerDirectSell12102025104.252,500260,6259,512,656Form
46Deeter, Byron B See footnoteSell121020250.000  Form
47Sherry, DavidChief Financial OfficerDirectSell1204202592.7983377,29431,868,981Form
48Sherry, DavidChief Financial OfficerDirectSell1204202590.0583375,01231,002,932Form
49Sherry, DavidChief Financial OfficerDirectSell1119202585.6983371,38029,573,226Form
50Sherry, DavidChief Financial OfficerDirectSell1119202586.2083371,80529,821,041Form
51Kuzoyan, VahePresidentDirectSell1113202592.5216,3881,516,21823Form
52Kuzoyan, VahePresidentDirectSell1113202592.0316,3881,508,18823Form
53Mahdessian, AraChief Executive Officerthe AMKE Trust dated February 1, 2019Sell1106202591.4046,542  Form
54Mahdessian, AraChief Executive Officerthe AMKE Trust dated February 1, 2019Sell1106202591.7214,263  Form
55Sherry, DavidChief Financial OfficerDirectSell1022202596.3985382,22133,426,582Form
56Sherry, DavidChief Financial OfficerDirectSell1022202593.0483377,50232,344,216Form
57Mahdessian, AraChief Executive Officerthe AMKE Trust dated February 1, 2019Sell1015202596.0332,000  Form
58Mahdessian, AraChief Executive Officerthe AMKE Trust dated February 1, 2019Sell1015202597.8532,000  Form
59Deeter, Byron B See footnoteSell101420250.000  Form
60Bessemer, Venture Partners Viii LP See footnoteSell10142025101.3349249,854718,408,927Form
61Deeter, Byron B See footnoteSell101420250.000  Form
62Bessemer, Venture Partners Viii LP See footnoteSell10142025101.3740,7634,132,145718,742,393Form
63Kuzoyan, VahePresidentDirectSell10092025100.7416,3881,650,92725Form
64Kuzoyan, VahePresidentDirectSell1009202599.9516,3881,637,98125Form
65Kuzoyan, VahePresidentDirectSell9252025104.8116,6901,749,27926Form
66Kuzoyan, VahePresidentDirectSell9252025107.8316,5041,779,62627Form
67Deeter, Byron B See footnoteSell92320250.000  Form
68Bessemer, Venture Partners Viii LP See footnoteSell9232025118.2128,2453,338,944842,987,271Form
69Bessemer, Venture Partners Viii LP See footnoteSell9182025117.327,039825,815839,928,489Form
70Deeter, Byron B See footnoteSell91820250.000  Form
71Kuzoyan, VahePresidentDirectSell9182025116.043,059354,93729Form
72Mahdessian, AraChief Executive OfficerDirectSell9182025116.043,059  Form
73Sherry, DavidChief Financial OfficerDirectSell9182025116.0411,7461,363,06440,373,536Form
74O'Connor, MicheleChief Accounting OfficerDirectSell9182025116.055,188602,05110,879,208Form
75Bessemer, Venture Partners Viii LP See footnoteSell9182025117.1857,6886,759,880839,751,018Form
76Deeter, Byron B See footnoteSell91820250.000  Form
77Deeter, Byron B See footnoteSell91620250.000  Form
78Bessemer, Venture Partners Viii LP See footnoteSell9162025117.139,4951,112,149846,149,697Form
79Bessemer, Venture Partners Viii LP See footnoteSell9122025117.107,048825,307847,030,374Form
80Deeter, Byron B See footnoteSell91220250.000  Form
81Bessemer, Venture Partners Viii LP See footnoteSell9122025117.5314,5791,713,478850,987,470Form
82Deeter, Byron B See footnoteSell91220250.000  Form
83Mahdessian, AraChief Executive Officerthe AMKE Trust dated February 1, 2019Sell9112025116.0142,666  Form
84Mahdessian, AraChief Executive Officerthe AMKE Trust dated February 1, 2019Sell9112025118.4242,666  Form
85Deeter, Byron B See footnoteSell91020250.000  Form
86Bessemer, Venture Partners Viii LP See footnoteSell9102025118.89340,63340,497,925862,565,502Form
87Deeter, Byron B See footnoteSell91020250.000  Form
88Bessemer, Venture Partners Viii LP See footnoteSell9102025117.79370,55743,649,326894,735,625Form
89Sherry, DavidChief Financial OfficerDirectSell9042025102.961,499154,33737,032,061Form
90Sherry, DavidChief Financial OfficerDirectSell9042025103.901,499155,74637,525,901Form
91Mahdessian, AraChief Executive Officerthe AMKE Trust dated February 1, 2019Sell8212025103.7145,185  Form
92Mahdessian, AraChief Executive Officerthe AMKE Trust dated February 1, 2019Sell8212025102.7140,147  Form
93Sherry, DavidChief Financial OfficerDirectSell813202598.601,499147,80135,759,484Form
94Sherry, DavidChief Financial OfficerDirectSell8132025100.331,499150,39536,537,302Form
95Kuzoyan, VahePresidentDirectSell8062025112.0224,582  Form
96Kuzoyan, VahePresidentDirectSell8062025114.4624,598  Form
97Sherry, DavidChief Financial OfficerDirectSell7232025116.891,499175,21842,743,196Form
98Sherry, DavidChief Financial OfficerDirectSell7232025114.411,509172,64542,007,834Form
99Deeter, Byron B DirectSell7212025112.6031,187  Form
100Mahdessian, AraChief Executive Officerthe AMKE Trust dated February 1, 2019Sell7172025112.5142,666  Form
101Mahdessian, AraChief Executive Officerthe AMKE Trust dated February 1, 2019Sell7172025110.8442,674  Form
102Bessemer, Venture Partners Viii LP See footnoteSell7142025110.248,706959,749878,208,660Form
103Deeter, Byron B See footnoteSell71420250.000  Form
104Bessemer, Venture Partners Viii LP See footnoteSell7142025111.4184,9429,463,337888,494,425Form
105Deeter, Byron B See footnoteSell71420250.000  Form
106Iconiq, Strategic Partners V, LP DirectSell7112025109.9938,8354,271,52053,195,735Form
107Iconiq, Strategic Partners V, LP ICONIQ Strategic Partners V-B, L.P.Sell7112025109.9952,0825,728,58471,341,230Form
108Griffith, William JG ICONIQ Strategic Partners V, L.P.Sell7112025109.9938,8354,271,52053,195,735Form
109Griffith, William JG ICONIQ Strategic Partners V-B, L.P.Sell7112025109.9952,0825,728,58471,341,230Form
110Deeter, Byron B See footnoteSell71020250.000  Form
111Bessemer, Venture Partners Viii LP See footnoteSell7102025110.6511,3461,255,435891,837,008Form
112Deeter, Byron B See footnoteSell71020250.000  Form
113Bessemer, Venture Partners Viii LP See footnoteSell7102025110.5487997,165892,204,597Form
114Bessemer, Venture Partners Viii LP See footnoteSell7072025111.0058,1336,452,953896,041,305Form
115Deeter, Byron B See footnoteSell70720250.000  Form
116Bessemer, Venture Partners Viii LP See footnoteSell7072025110.6010,4111,151,415899,183,083Form
117Deeter, Byron B See footnoteSell70720250.000  Form
118Bessemer, Venture Partners Viii LP See footnoteSell7012025108.59107,15211,635,791884,015,968Form
119Deeter, Byron B See footnoteSell70120250.000  Form
120Bessemer, Venture Partners Viii LP See footnoteSell7012025107.45118,12512,692,895886,262,601Form
121Deeter, Byron B See footnoteSell70120250.000  Form
122Kuzoyan, VahePresidentDirectSell6302025104.6525,208  Form
123Mahdessian, AraChief Executive OfficerDirectSell6302025104.6524,3912,552,54478Form
124Sherry, DavidChief Financial OfficerDirectSell6302025104.6516,6301,740,33038,582,179Form
Core Cache Last Updated: 7/4/2026