ServiceTitan is the operating system for the trades, combining vertical SaaS, fintech and AI. HVAC, plumbing, electrical and roofing contractors run scheduling, dispatch, CRM, payments, financing and marketing on it, with 10,800 active customers, $82B+ in annual transaction volume, 95%+ gross and 110%+ net dollar retention. It is pushing into agentic AI with Atlas. A massive 8-month Stage 1 base looks ready to start a Stage 2 uptrend, and trading above the IPO VWAP signals a potential reversal. … Show more

ServiceTitan's valuation compression could persist even if it keeps delivering, because contractor software stickiness is unconvincing; contractors are crafty about cutting costs. Even after earnings sent it to all-time lows, it trades at 34x earnings for the fiscal year ending January 2028, still five to six quarters out, echoing Bill.com. Non-digital housing plays such as HVAC and paint makers, home improvement stores and homebuilders look preferable. x.com  x.com