Business
ServiceTitan Announces Fiscal Second Quarter Financial Results
LOS ANGELES, Sept. 04, 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, Sept. 04, 2025 (GLOBE NEWSWIRE) -- ServiceTitan (NASDAQ: TTAN), the software platform that powers the trades, today announced financial results for the fiscal second quarter ended July 31, 2025. “I am grateful for the way our team empowered our customers to perform during the seasonally strongest quarter for the trades,” 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.” “This is an exciting time in the trades,” said Vahe Kuzoyan, Co-Founder and President, “We’re making progress on each of our goals this year. Most notably, we are experiencing a change in the large enterprise Commercial market where our multi-year investments are beginning to yield results.” Fiscal Second Quarter 2026 Financial and Operational Highlights: Fiscal Second Quarter 2026 Fiscal Second Quarter 2025 (in millions, except percentages and GTV) Gross transaction volume (“GTV”) (in billions) $22.9 $19.2 YOY GTV growth 19% 23% Total revenue $242.1 $193.0 YOY revenue growth 25% 24%Platform revenue $232.7 $185.0 YOY platform revenue growth 26% 25% GAAP loss from operations $(34.8) $(32.6)Non-GAAP income from operations(1) $29.2 $13.5 Non-GAAP operating margin(1) 12.1% 7.0% GAAP net cash provided by operating activities $40.3 $25.3 Non-GAAP free cash flow(1) $34.3 $18.7 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 Third Quarter and Fiscal Year 2026 Financial Outlook:For fiscal third quarter 2026 and for the full fiscal year 2026, the Company currently expects: Fiscal Third Quarter 2026 Full Fiscal Year 2026 (in millions)Total revenue $237 - $239 $935 - $940Non-GAAP income from operations(2) $14 - $15 $74 - $76 _________________________(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 fiscal third quarter 2026 or for the full fiscal year 2026 because of the difficulty of estimating certain it...