Business
ServiceTitan Announces Fiscal Fourth Quarter and Full Year Fiscal 2025 Financial Results
LOS ANGELES, March 13, 2025 (GLOBE NEWSWIRE) -- ServiceTitan, Inc. (NASDAQ: TTAN), the software platform that powers the trades, today announced financial
About this update from Servicetitan, Inc.
[{"type":"text","content":"LOS ANGELES, March 13, 2025 (GLOBE NEWSWIRE) -- ServiceTitan, Inc. (NASDAQ: TTAN), the software platform that powers the trades, today announced financial results for the fiscal fourth quarter and full fiscal year ended January 31, 2025. “The beginning of the new public market era for the trades, for our customers, and for ServiceTitan is off to a good start,” said Ara Mahdessian, co-founder and CEO. “I am proud of the way Titans executed this quarter to cap off a transformative year for our business. We plan to carry this same focused execution into fiscal year 2026.” “Our goal and growth strategy is to become the operating system for the trades,” said Vahe Kuzoyan, co-founder and President. “Our core residential trades are performing well while our investments in roofing and commercial continue to deliver.” Fourth Quarter Fiscal 2025 Financial Highlights: Revenue: Total revenue increased 29% year-over-year to $209.3 million.Platform revenue increased 30% year-over-year to $200.1 million. Loss from Operations: GAAP loss from operations was ($99.9) million for the fourth quarter of fiscal 2025, compared to ($48.1) million in the fourth quarter of fiscal 2024.Non-GAAP income from operations was $6.9 million for the fourth quarter of fiscal 2025, compared to non-GAAP income from operations of $2.1 million for the fourth quarter of fiscal 2024¹. Net Loss: GAAP net loss was ($100.9) million for the fourth quarter of fiscal 2025, compared to ($51.4) million in the fourth quarter of fiscal 2024.Non-GAAP net income was $7.5 million for the fourth quarter of fiscal 2025, compared to non-GAAP net loss ($0.8) million for the fourth quarter of fiscal 2024¹. Full Year Fiscal 2025 Financial Highlights: Revenue: Total revenue increased 26% year-over-year to $771.9 million.Platform revenue increased 27% year-over-year to $739.5 million. Loss from Operations: GAAP loss from operations was ($230.0) million for fiscal 2025, compared to ($182.9) million for fiscal 2024.Non-GAAP income from operations was $25.2 million for fiscal 2025, compared to non-GAAP loss from operations of ($17.1) million for fiscal 2024¹. Net Loss: GAAP net loss was ($239.1) million for fiscal 2025, compared to ($195.1) million for fiscal 2024.Non-GAAP net income was $16.5 million for fiscal 2025, compared to non-GAAP net loss of ($27.4) million for fiscal 2024¹. Cash: Cash...