ServiceTitan, Inc. Class A ( (TTAN) ) has released its Q2 earnings. Here is a breakdown of the information ServiceTitan, Inc. Class A presented to its investors.
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ServiceTitan, Inc. is a software company that provides a cloud-based platform for trades businesses, offering tools to manage operations and enhance customer experience. In its latest earnings report, ServiceTitan announced a strong fiscal second quarter, with significant growth in gross transaction volume and total revenue compared to the previous year. The company reported a 19% increase in gross transaction volume, reaching $22.9 billion, and a 25% rise in total revenue, amounting to $242.1 million. Despite a GAAP loss from operations of $34.8 million, the company achieved a non-GAAP income from operations of $29.2 million, reflecting an improved operating margin of 12.1%.
Key financial metrics highlighted in the report include a 26% growth in platform revenue and a non-GAAP free cash flow of $34.3 million, both indicating robust performance. The company’s net dollar retention remained above 110%, demonstrating strong customer retention and growth within its existing customer base. ServiceTitan’s strategic investments in the large enterprise commercial market are beginning to show results, contributing to the company’s positive financial outcomes.
Looking ahead, ServiceTitan expects continued revenue growth, projecting total revenue between $237 million and $239 million for the fiscal third quarter of 2026 and between $935 million and $940 million for the full fiscal year. The company also anticipates non-GAAP income from operations to be in the range of $14 million to $15 million for the third quarter and $74 million to $76 million for the full year. These projections reflect ServiceTitan’s confidence in its ongoing strategic initiatives and market position.