- BFA Law announced investigation into ServiceTitan for potential securities fraud.
- Investigation concerns statements about AI platform Max and expansion into new trades.
- On Sept 8, 2026, TTAN reported slowing GTV growth and guided operating income $29-30M (33.6% sequential decline).
- Company said it elected to tighten focus on existing commercial trades rather than expand to new trades to invest in Max.
- Shares fell approximately 30% on Sept 9, 2026.
- Bleichmar Fonti & Auld LLP announced an investigation into ServiceTitan for potential securities fraud. The probe targets statements about the development of its AI platform Max and plans to expand into new trades. On September 8, 2026, ServiceTitan reported slowing Gross Transaction Volume growth and guided operating income of $29-30 million, a 33.6% sequential decline. The company said it elected to tighten focus on existing commercial trades rather than expand to new trades to enable increased investments in Max. Shares fell approximately 30% on September 9.
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