ServiceTitan, Inc. Class A (TTAN)
NASDAQ:TTAN
Want to see TTAN full AI Analyst Report?
Earnings Data
Report Date
Sep 03, 2026After Close (Confirmed)
Period Ending
2027 (Q2)Consensus EPS Forecast
0.35Last Year’s EPS
0.33Same Quarter Last Year
Strong Buy
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial execution with notable top-line growth (25% revenue YoY), margin expansion (platform gross margin +160 bps, operating margin improvement of ~770 bps), product momentum (Max doubling locations, material productivity gains in customer case study) and an upgraded outlook for incremental margins. Offsetting items include weather and calendar tailwinds to Q1 GTV, near-term reinvestment in Max/AI that may normalize expenses, onboarding/scalability constraints for Max, and a still-negative free cash flow in the quarter. On balance the positives — durable revenue growth, margin expansion, clear product-led ROI and improved guidance — outweigh the challenges.Company Guidance
Strong Top-Line Growth
Q1 total revenue of $268.8 million, up 25% year-over-year; Q1 gross transaction volume (GTV) of $21.7 billion, up 23% year-over-year.
Robust Platform Revenue and Usage
Subscription revenue of $202.0 million (+24% YoY) and usage revenue of $58.5 million (+29% YoY); total platform revenue (subscription + usage) of $260.6 million, up 25% YoY. Management expects usage revenue to grow faster than GTV in FY27.
Improving Profitability and Margins
Q1 platform gross margin of 81.3% (improvement of ~160 basis points YoY) and total gross margin of 75.3% (improvement of ~170 basis points YoY). Q1 operating income of $40.8 million and operating margin of 15.2%, an improvement of ~770 basis points YoY.
Upgraded Full-Year Profitability Outlook
Company now expects incremental operating margins for full fiscal 2027 to be higher than its initial target of 25% (management referenced improved incremental margin outlook after Q1 outperformance).
Max Product Momentum
More than doubled number of locations on Max in Q1 and expect to double again in Q2; every fully ramped Max customer is running at least one fully automated job and, on average, more than 10% of jobs at fully ramped customers are fully automated.
Tangible Customer ROI from Max (E.D.S. Case Study)
E.D.S. saw ~16 percentage-point increase in call booking rates YoY, >9 percentage-point increase in field close rate, >30% increase in average ticket size, and >50% increase in average revenue per technician in Q1 vs Q1 prior year — demonstrating strong productivity and revenue outcomes from Max agentic workflows.
Enterprise and Customer Mix Strength
Surpassed 2,000 customers with annualized billings >$100,000; this cohort represents >60% of ARR and is the fastest-growing segment, indicating traction with larger operators and private equity-backed customers.
Product and AI Innovation
Introduced new agentic capabilities in Q1 including speed-to-lead, inbound call booking automation, auto inventory replenishment and invoice protection; virtual agents and ecosystem monetization are showing strong early adoption.
Cash Flow and Tax Modeling Improvements
Q1 free cash flow improved to negative $9.6 million from negative $22.3 million year-over-year. Company adopting a long-term non-GAAP tax rate of 18% for fiscal 2027–2030.
Financial Guidance Raised and Clear FY27 Targets
Q2 revenue guidance of $284M–$286M and operating income guidance of $38M–$39M. Full-year FY27 revenue guidance of $1.13B–$1.14B and operating income guidance of $142M–$147M.
TTAN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TTAN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jun 04, 2026 | $74.33 | $77.40 | +4.13% |
Mar 12, 2026 | $75.65 | $70.80 | -6.41% |
Jan 19, 2026 | $90.78 | $90.78 | 0.00% |
Dec 04, 2025 | $95.59 | $105.60 | +10.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does ServiceTitan, Inc. Class A (TTAN) report earnings?
ServiceTitan, Inc. Class A (TTAN) is schdueled to report earning on Sep 03, 2026, After Close (Confirmed).
What is ServiceTitan, Inc. Class A (TTAN) earnings time?
ServiceTitan, Inc. Class A (TTAN) earnings time is at Sep 03, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TTAN EPS forecast?
TTAN EPS forecast for the fiscal quarter 2027 (Q2) is 0.35.