Business
ServiceTitan Announces Fiscal Third Quarter Financial Results
LOS ANGELES, Dec. 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, Dec. 04, 2025 (GLOBE NEWSWIRE) -- ServiceTitan (NASDAQ: TTAN), the software platform that powers the trades, today announced financial results for the fiscal third quarter ended October 31, 2025. “I am deeply humbled by how much progress we’ve made during our first year as a public company,” said Ara Mahdessian, Co-Founder and CEO. “While we’ve come a long way together, I have never been more confident that our opportunity to build the operating system for the trades is only just beginning.” “We’re operating at a turning point for contractors,” said Vahe Kuzoyan, Co-Founder and President. “As we continue to make steady progress against each of our main business priorities this year, we are also leveraging our unique competitive advantages to democratize automation in the trades.” Fiscal Third Quarter 2026 Financial and Operational Highlights: Fiscal Third Quarter 2026 Fiscal Third Quarter 2025 (in millions, except percentages and GTV)Gross transaction volume (“GTV”) (in billions) $21.7 $17.8 YOY GTV growth 22% 20% Total revenue $249.2 $199.3 YOY revenue growth 25% 24%Platform revenue $239.6 $191.2 YOY platform revenue growth 25% 26% GAAP loss from operations ($42.2) ($44.0)Non-GAAP income from operations(1) $21.5 $1.6 Non-GAAP operating margin(1) 8.6% 0.8% GAAP net cash provided by operating activities $43.8 $15.5 Non-GAAP free cash flow(1) $37.7 $10.6 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 Fourth Quarter and Fiscal Year 2026 Financial Outlook:For fiscal fourth quarter 2026 and for the full fiscal year 2026, the Company currently expects: Fiscal Fourth Quarter 2026 Full Fiscal Year 2026 (in millions)Total revenue $244 - $246 $951 - $953Non-GAAP income from operations(2) $16 - $17 $83 - $84 _________________________(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 loss from operations for the fiscal fourth quarter 2026 or for the full fiscal year 2026 because of the difficulty of estimating certain items excl...