The company has strengthened its liquidity position significantly, evidenced by a current ratio of 4.44 in 2027Q1 compared to 1.99 in 2024Q4.
| Total Current Assets | 600.88B | 590.86M | 572.77M | 249.23M | 281.22M |
| Cash & Short-Term Investments | 428.77M | 428.77M | 441.8M | 146.71M | 202.49M |
| Cash Only | 428.77M | 428.77M | 441.8M | 146.71M | 202.49M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 127.91M | 113.75M | 90.39M | 67.38M | 50.4M |
| Days Sales Outstanding | 40.46 | 43.21 | 42.75 | 40.03 | 39.33 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - |
| Other Current Assets | 179.22B | 22.44M | 15.78M | 12.49M | 9.97M |
| Total Non-Current Assets | 1.15T | 1.15B | 1.2B | 1.27B | 1.32B |
| Property, Plant & Equipment | 57.96B | 57.53M | 80.69M | 140.44M | 143.23M |
| Fixed Asset Turnover | 0.07x | 16.70x | 9.57x | 4.37x | 3.27x |
| Goodwill | 860.25B | 860.25M | 845.84M | 830.87M | 830.87M |
| Intangible Assets | 166.89B | 215.99M | 250.73M | 280.65M | 325.37M |
| Long-Term Investments | 1.25M | 0 | 333K | 0 | 0 |
| Other Non-Current Assets | 61.41B | 20.43M | 18.29M | 16.48M | 17.79M |
| Total Assets | 1.75T | 1.75B | 1.77B | 1.52B | 1.6B |
| Asset Turnover | 0.00x | 0.55x | 0.44x | 0.40x | 0.29x |
| Asset Growth % | 101099.88% | -1.33% | 16.54% | -5.17% | - |
| Total Current Liabilities | 135.43B | 169.45M | 153.12M | 125.27M | 136.39M |
| Accounts Payable | 55.97M | 10.05M | 6.03M | 5.82M | 8.32M |
| Days Payables Outstanding | 48.44 | 12.77 | 8.13 | 8.93 | 15.05 |
| Short-Term Debt | 13.64B | 0 | 1.07M | 1.8M | 1.35M |
| Deferred Revenue (Current) | 19.07B | 18.68M | 16.8M | 11.16M | 10.79M |
| Other Current Liabilities | 102.69B | 66.72M | 63.55M | 36.85M | 42.99M |
| Current Ratio | 4.44x | 3.49x | 3.74x | 1.99x | 2.06x |
| Quick Ratio | 4.44x | 3.49x | 3.74x | 1.99x | 2.06x |
| Cash Conversion Cycle | -7.98 | - | - | - | - |
| Total Non-Current Liabilities | 51.39B | 50.37M | 160.95M | 240.84M | 249.46M |
| Long-Term Debt | 37.4B | 0 | 104.01M | 174.58M | 176.24M |
| Capital Lease Obligations | 155.78M | 37.32M | 47.33M | 58.58M | 67.12M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 13.98B | 13.05M | 9.61M | 7.68M | 6.11M |
| Total Liabilities | 186.81B | 219.82M | 314.06M | 366.11M | 385.85M |
| Total Debt | 51.37M | 51.37M | 165.41M | 245.96M | 253.12M |
| Net Debt | -377.39M | -377.39M | -276.39M | 99.25M | 50.63M |
| Debt / Equity | 0.00x | 0.03x | 0.11x | 0.21x | 0.21x |
| Debt / EBITDA | -0.67x | - | - | - | - |
| Net Debt / EBITDA | 4.94x | - | - | - | - |
| Interest Coverage | -23.72x | -20.74x | -14.26x | -10.62x | -4.18x |
| Total Equity | 1.56T | 1.53B | 1.45B | 1.15B | 1.21B |
| Equity Growth % | 107310.58% | 4.86% | 26.31% | -5.19% | - |
| Book Value per Share | 16426.42 | 16.21 | 34.51 | 13.98 | 14.75 |
| Total Shareholders' Equity | 1.56T | 1.53B | 1.45B | 1.15B | 1.21B |
| Common Stock | 96M | 95K | 90K | 34K | 33K |
| Retained Earnings | -1.29T | -1.27B | -1.11B | -866.64M | -671.49M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
Persistent Operating Margin Deficit
According to recent financial statements, ServiceTitan has significantly bolstered its balance sheet, with total assets reaching $1.7 trillion in 2027Q1, a substantial increase from the $1.5 billion reported in 2024Q4, reflecting a rapid expansion of the company's underlying resource base over the observed period.
The dramatic shift in total assets suggests a significant change in the company's financial architecture, warranting further investigation into whether this reflects organic growth or accounting adjustments. Investors should monitor whether this asset expansion translates into improved operational efficiency or if it represents an accumulation of intangible assets that may require future impairment testing.
Based on the reported figures for 2027Q1, ServiceTitan maintains a debt-to-equity ratio of 0.00, indicating that the company has effectively eliminated its reliance on external debt financing compared to the $246.0 million in debt held as recently as 2024Q4.
The transition to a debt-free position appears to provide the company with significant strategic flexibility, reducing interest expense burdens during its current growth-oriented phase. This deleveraging suggests a conservative approach to capital structure that may protect the firm against volatility in credit markets while it continues to prioritize market share capture.
As reported in the latest quarterly filings, ServiceTitan's current ratio stands at 4.44, representing a marked improvement from the 1.99 ratio observed in 2024Q4, which suggests a strengthened ability to meet short-term obligations without relying on external capital infusions.
The substantial cash position of $428.8 million provides a meaningful buffer against the company's ongoing negative operating margins. This liquidity profile appears to afford management the runway necessary to continue aggressive investment in customer acquisition and product development without immediate pressure to reach GAAP profitability.
Based on the provided balance sheet data, ServiceTitan's equity base has grown to $1.6 trillion by 2027Q1, though this figure is heavily offset by accumulated losses, with retained earnings currently sitting at -$1.3 trillion, indicating a persistent reliance on external equity funding to sustain operations.
The divergence between the total equity value and the deep deficit in retained earnings suggests that the company's growth has been funded primarily through capital raises rather than internally generated profits. Investors should monitor the sustainability of this model, as the reliance on external equity may lead to future dilution if the path to profitability remains elusive.
According to the 2027Q1 balance sheet, goodwill accounts for $860.2 billion of the company's total assets, a significant concentration that warrants close scrutiny as it represents a substantial portion of the firm's reported book value.
The high level of goodwill suggests that a significant portion of the company's asset base is derived from past acquisitions rather than organic development. If the performance of these acquired units fails to meet expectations, the company may face material impairment charges that could negatively impact the equity base and overall financial health.
Quick answers to the most common questions about buying TTAN stock.
As of 2026, ServiceTitan, Inc. (TTAN) had total assets of $1.75B including $590.9M in current assets.
ServiceTitan, Inc. (TTAN) carries total debt of $51.4M, offset by $428.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
ServiceTitan, Inc. (TTAN) has total shareholders' equity (book value) of $1.53B ($16.21 book value per share). Book value represents the net worth of the company belonging to common stock holders.
ServiceTitan, Inc. (TTAN) reported a current ratio of 3.49x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.