ServiceTitan Announces Fiscal First Quarter Financial Results
ServiceTitan (NASDAQ: TTAN) reported fiscal Q1 results for the quarter ended April 30, 2026. GTV rose to $21.7B from $17.7B (+23% YoY) and total revenue increased to $268.8M from $215.7M (+25%). GAAP loss from operations was $25.8M; non-GAAP income from operations was $40.8M. For Q2 FY2027, it expects revenue of $284–$286M and non-GAAP income from operations of $38–$39M.
How this was made

The 30-second read
Why it matters
The key trading inputs are the Q1 growth metrics (GTV, revenue), improved non-GAAP operating margin, and the company’s stated revenue and non-GAAP operating income ranges for Q2 and FY27.
Market read
Fresh earnings print with explicit forward guidance and profitability improvement signals; likely to drive near-term positioning around growth and margin expectations.
What to watch
Investors may scrutinize the gap between GAAP loss and non-GAAP income (adjustments), and whether Max/location expansion sustains retention and revenue per location.
Background
ServiceTitan is a cloud SaaS platform for trades businesses; this release covers fiscal Q1 ended April 30, 2026 and provides guidance for fiscal Q2 and full FY27.
Ticker impact
ServiceTitan reported fiscal Q1 results (revenue, GTV) and issued Q2/FY27 outlook, including non-GAAP operating income guidance.
Moderately positive bias for the next session and into guidance digestion; watch for any market focus on GAAP losses vs non-GAAP profitability.
The article provides fresh, decision-relevant datapoints: Q1 GTV/revenue growth, non-GAAP operating margin improvement, and explicit Q2 and FY27 revenue and non-GAAP operating income ranges.
Market effects
Reinforces demand/monetization strength for vertical SaaS serving trades; may support read-across for similar SaaS names on growth and margin trajectory.
Primarily US growth-stock sentiment; limited direct regional spillover beyond tech/vertical SaaS investors.
Low direct global macro linkage; mostly company-specific fundamentals.
Counterpoint
Market may discount non-GAAP improvements if GAAP operating losses remain large or if guidance implies slower GAAP profitability conversion.
Key entities
- companyServiceTitan
Reported fiscal first quarter results and provided fiscal second quarter and full fiscal year 2027 outlook.
- executiveAra Mahdessian
Co-founder and CEO cited strong customer start and delivery of an “Agentic Operating System.”
- executiveVahe Kuzoyan
Co-founder and President highlighted Max expansion and onboarding automation progress.

