ServiceTitan, Inc. (TTAN) Cash Flow Statement
Where TTAN’s cash came from and went, FY2026
January 31, 2026 · U.S. dollars- Cash from operations
- $110.1M +197.2% vs FY2025
- Capital expenditures
- $25.1M 2.6% of revenue
- Free cash flow
- $85.1M 8.9% margin
- Returned to shareholders
- —
- Change in cash
- −$13.5M cash at year-end $429.4M
Drawn to scale: where the cash came from and how it was used. Hover for values.
TTAN operating cash flow, capex and free cash flow
TTAN cash flow trends, FY2023–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$120.7MFY2023 | $110.1MFY2026 | — | |
| Capital expenditures | $92.0MFY2023 | $25.1MFY2026 | −35.2%/yr | |
| Free cash flow | −$212.7MFY2023 | $85.1MFY2026 | — | |
| Free cash flow margin | −45.5%FY2023 | 8.9%FY2026 | +54.3 pts | |
| Stock-based compensation | $64.1MFY2023 | $197.1MFY2026 | +45.4%/yr | |
| Share buybacks (net) | $3.4MFY2023 | $0FY2026 | −100.0% | |
| Capex / revenue | 19.7%FY2023 | 2.6%FY2026 | −17.1 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TTAN cash flow by activity
TTAN net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
TTAN cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Operating activities | ||||
| Net income | −$159.9M | −$239.1M | −$195.1M | −$269.5M |
| Depreciation & amortization | $83.2M | $80.2M | $81.0M | $57.7M |
| Stock-based compensation | $197.1M | $163.7M | $102.5M | $64.1M |
| Change in working capital | −$54.9M | −$30.0M | −$52.7M | $7.2M |
| Other non-cash items | $44.6M | $62.2M | $24.7M | $19.8M |
| Cash from operating activities | $110.1M | $37.1M | −$39.7M | −$120.7M |
| Investing activities | ||||
| Capital expenditures | −$25.1M | −$21.6M | −$44.6M | −$92.0M |
| Investments (net) | — | −$22.8M | −$40.3M | −$681.2M |
| Acquisitions & other investing | −$19.8M | $21.6M | $44.6M | $92.0M |
| Cash from investing activities | −$44.8M | −$22.8M | −$40.3M | −$681.2M |
| Financing activities | ||||
| Share repurchases & issuance (net) | $0 | −$19.0M | −$16.5M | −$3.4M |
| Net borrowing (repayment) | −$107.0M | −$71.6M | −$1.4M | $180.0M |
| Shares issued | $0 | $683.0M | $34.0M | $724.0M |
| Other financing | $28.2M | −$312.7M | $8.1M | −$11.5M |
| Cash from financing activities | −$78.8M | $279.7M | $24.3M | $889.0M |
| Summary | ||||
| Net change in cash | −$13.5M | $294.0M | −$55.8M | $87.1M |
| Cash at end of period | $429.4M | $442.8M | $148.9M | $204.6M |
| Free cash flow | $85.1M | $15.5M | −$84.3M | −$212.7M |
| Free cash flow margin | 8.9% | 2.0% | −13.7% | −45.5% |
| Capex / revenue | 2.6% | 2.8% | 7.3% | 19.7% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$24.9M | −$22.8M | −$41.7M | −$39.5M | −$32.2M | −$46.4M | −$100.9M | −$46.5M | −$35.7M | −$45.8M | −$51.4M | −$39.7M |
| Depreciation & amortization | $19.9M | $19.6M | $22.7M | $20.5M | $20.0M | $20.0M | $20.4M | $20.2M | $19.9M | $19.7M | $23.0M | $20.0M |
| Stock-based compensation | $60.6M | $54.6M | $54.4M | $49.7M | $49.3M | $43.7M | $94.7M | $25.4M | $23.7M | $19.9M | $30.4M | $19.5M |
| Change in working capital | −$5.8M | −$61.0M | −$10.8M | $9.4M | −$4.3M | −$49.1M | −$4.9M | $2.3M | $1.4M | −$28.8M | −$5.0M | −$5.9M |
| Other non-cash items | $8.2M | $8.1M | $16.0M | $3.7M | $7.6M | $17.2M | $6.2M | $14.0M | $16.0M | $15.8M | $8.9M | $6.5M |
| Cash from operating activities | $58.0M | −$1.6M | $40.6M | $43.8M | $40.3M | −$14.6M | $15.4M | $15.5M | $25.3M | −$19.2M | $5.9M | $418,000 |
| Investing activities | ||||||||||||
| Capital expenditures | −$6.3M | −$8.0M | −$5.2M | −$6.1M | −$6.0M | −$7.8M | −$997,000 | −$5.0M | −$6.6M | −$628,000 | −$8.0M | −$6.6M |
| Investments (net) | — | — | — | — | −$6.0M | −$7.8M | −$4.6M | −$5.0M | −$6.6M | −$6.6M | −$5.3M | −$6.6M |
| Acquisitions & other investing | −$1.2M | $0 | $0 | −$19.8M | $6.0M | $7.8M | $997,000 | $5.0M | $6.6M | $632,500 | $8.0M | $6.6M |
| Cash from investing activities | −$7.5M | −$8.0M | −$5.2M | −$25.9M | −$6.0M | −$7.8M | −$4.6M | −$5.0M | −$6.6M | −$6.6M | −$5.3M | −$6.6M |
| Financing activities | ||||||||||||
| Share repurchases & issuance (net) | — | — | $0 | $0 | $0 | $0 | −$310.6M | −$5.4M | −$6.8M | −$5.3M | −$4.5M | −$9.5M |
| Net borrowing (repayment) | $0 | $0 | −$106.2M | −$268,000 | −$269,000 | −$268,000 | −$70.3M | −$450,000 | −$450,000 | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $683.0M | $0 | $0 | $0 | $0 | $0 |
| Other financing | $7.6M | $2.2M | $6.3M | $4.1M | $17.2M | $648,000 | −$5.2M | $987,000 | −$53,500 | $198,000 | $650,000 | $753,000 |
| Cash from financing activities | $7.6M | $2.2M | −$99.9M | $3.8M | $16.9M | $380,000 | $297.0M | −$4.9M | −$7.3M | −$5.1M | −$3.9M | −$8.8M |
| Summary | ||||||||||||
| Net change in cash | $58.0M | −$7.4M | −$64.5M | $21.8M | $51.2M | −$22.0M | $307.8M | $5.7M | $11.4M | −$30.9M | −$3.3M | −$15.0M |
| Cash at end of period | $480.0M | $421.9M | $429.4M | $493.9M | $472.1M | $420.9M | $442.8M | $135.1M | $129.4M | $117.9M | $148.9M | $152.2M |
| Free cash flow | $64.3M | −$9.6M | $35.4M | $37.7M | $34.3M | −$22.3M | $14.4M | $10.6M | $18.7M | −$19.9M | −$2.2M | −$6.2M |
| Free cash flow margin | 22.0% | −3.6% | 13.9% | 15.1% | 14.2% | −10.4% | 6.9% | 5.3% | 9.7% | −11.7% | −1.3% | −3.9% |
| Capex / revenue | 2.2% | 3.0% | 2.0% | 2.4% | 2.5% | 3.6% | 0.5% | 2.5% | 3.4% | 0.4% | 5.0% | 4.1% |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
TTAN cash generation
In fiscal 2026 (ended January 31, 2026), ServiceTitan generated $110.1 million of cash from operations (up 197.2%) and spent $25.1 million on capital expenditures, leaving free cash flow of $85.1 million, 8.9% of revenue. Cash and equivalents fell by $13.5 million over the year.
Related: TTAN income statement, TTAN balance sheet. See the TTAN stock overview for the latest quote and news.
TTAN cash flow FAQ
What is ServiceTitan's free cash flow?
ServiceTitan's free cash flow was $85.1 million in fiscal 2026: $110.1 million of operating cash flow minus $25.1 million of capital expenditures It was $15.5 million a year earlier..
How much cash does ServiceTitan generate from operations?
ServiceTitan generated $110.1 million of cash from operating activities in fiscal 2026.
How much does ServiceTitan spend on capital expenditures?
ServiceTitan spent $25.1 million on capital expenditures in fiscal 2026, 2.6% of revenue, compared with $21.6 million the year before.