Software Startup ServiceTitan Discloses Loss in IPO Filing

Home service software business ServiceTitan Inc. has filed publicly for an initial public offering, disclosing a growing revenue and shrinking loss through 2024.

The company had a net loss of $195 million on revenue of $614 million in its fiscal 2024 year, according to its filing Monday with the US Securities and Exchange Commission. ServiceTitan won’t disclose the proposed size and price range for the share sale in a filing until it’s ready to begin marketing the shares.

ServiceTitan is backed by firms including Index Ventures, Bessemer Venture Partners, Battery Ventures and Thoma Bravo. Though valued at ...