Business
ServiceTitan Announces Fiscal First Quarter Financial Results
LOS ANGELES, June 05, 2025 (GLOBE NEWSWIRE) -- ServiceTitan (NASDAQ: TTAN), the software platform that powers the trades, today announced financial results
About this update from Servicetitan, Inc.
[{"type":"text","content":"LOS ANGELES, June 05, 2025 (GLOBE NEWSWIRE) -- ServiceTitan (NASDAQ: TTAN), the software platform that powers the trades, today announced financial results for the fiscal first quarter ended April 30, 2025. “I am humbled by the way that our team, in partnership with our customers, performed this quarter,” said Ara Mahdessian, Co-Founder and CEO. “The quality and breadth of execution underscore our opportunity to transform the lives of every hardworking contractor in the trades.” “The ROI we deliver to our customers continues to be our greatest advantage,” said Vahe Kuzoyan, Co-Founder and President, “We're building a series of stacking S-curves to put ourselves in a position to deliver transformative customer outcomes, and each of our four primary areas of focus this year are off to a strong start.” Fiscal First Quarter 2026 Financial and Operational Highlights: Fiscal First Quarter 2026 Fiscal First Quarter 2025 (in millions, except percentages and GTV) Gross transaction volume (\"GTV\") (in billions) $17.7 $14.5 YOY GTV growth 22% 23% Total revenue $215.7 $170.3 YOY revenue growth 27% 25%Platform revenue $208.0 $163.2 YOY platform revenue growth 27% 27% GAAP loss from operations $(49.5) $(53.4)Non-GAAP income from operations (1) $16.2 $3.3 Non-GAAP operating margin (1) 7.5% 1.9% Net cash used in operating activities $(14.6) $(19.2)Non-GAAP free cash flow (1) $(22.3) $(24.6) Net dollar retention > 110% > 110% _________________________(1)This press release uses non-GAAP financial measures that adjust GAAP financial measures for the impact of various items. See the section titled “Non-GAAP Financial Measures” and the tables entitled “GAAP to Non-GAAP Reconciliation” below for additional information. Fiscal Second Quarter and Fiscal Year 2026 Financial Outlook:For the second quarter of fiscal 2026 and for the full fiscal year 2026, the Company currently expects: Fiscal Second Quarter 2026 Full Fiscal Year 2026 (in millions)Total revenue $228 - $230 $910 - $920Non-GAAP income from operations(2) $17 - $18 $54 - $59 _________________________(2) ServiceTitan is not able, at this time, to provide an outlook for GAAP loss from operations or a reconciliation of expected non-GAAP income from operations to GAAP income loss from operations for the second quarter of fiscal 2026 or for the full fiscal year 2026 because of the difficulty of es...