ServiceTitan Reports Strong Q1 2026 Financial Growth

ServiceTitan, Inc. Class A ( (TTAN) ) has released its Q1 earnings. Here is a breakdown of the information ServiceTitan, Inc. Class A presented to its investors.

ServiceTitan, Inc. is a leading software platform provider for trades businesses, offering cloud-based solutions that help contractors manage and grow their operations effectively. The company recently released its fiscal first-quarter financial results for 2026, showcasing significant growth in key financial metrics.

ServiceTitan reported a 22% year-over-year increase in gross transaction volume, reaching $17.7 billion, and a 27% rise in total revenue, amounting to $215.7 million. The company’s platform revenue also saw a 27% increase, highlighting consistent growth in its core business operations. Despite a GAAP loss from operations of $49.5 million, the company achieved a non-GAAP income from operations of $16.2 million, reflecting a substantial improvement in operational efficiency.

The company’s strategic focus on delivering transformative customer outcomes is evident in its robust net dollar retention rate of over 110%. ServiceTitan’s non-GAAP operating margin improved to 7.5%, up from 1.9% in the previous year, indicating enhanced profitability. Additionally, the company managed to reduce its net cash used in operating activities to $14.6 million, compared to $19.2 million in the prior year.

Looking ahead, ServiceTitan expects continued revenue growth, projecting total revenue between $228 million and $230 million for the second quarter of fiscal 2026 and $910 million to $920 million for the full fiscal year. The company remains focused on leveraging its technological advancements to further support trades businesses and drive long-term growth.