Trailing Twelve Months (TTM)

Trailing Twelve Months (TTM) refers to any financial metric measured across the most recent twelve months rather than a calendar or fiscal year. It gives the most current annual picture and smooths seasonality. For example, TTM revenue calculated in July 2026 covers August 2025 through July 2026. Buyers prefer TTM figures in diligence because they reflect the business as it is today, not as it was at the last year-end.