ServiceTitan reported QQ4 2024 revenue of $209.3 million, up 15.2% year-over-year and 5.0% quarter-over-quarter, with a gross margin of approximately 66.0%. Despite top-line growth, the quarter produced a substantial operating loss of $99.9 million and a net loss of $100.9 million, driven by elevated operating expenses and a large stock-based compensation charge. EBITDA stood at negative $76.3 million, and the company reported negative net income per share of $3.60 (GAAP) and diluted EPS of $-1.57. On the balance sheet and cash flow, ServiceTitan ended the quarter with roughly $442.8 million in cash and investments, generated net cash from financing activities of about $297.0 million, and achieved a positive free cash flow of $14.4 million despite negative earnings, underpinned by a significant equity raise (+$682.95 million in common stock issued) and debt reduction actions.