ServiceTitan Announces Fiscal First Quarter Financial Results
ServiceTitan (TTAN) reported fiscal Q1 ended April 30, 2026 results. GTV rose to $21.7B from $17.7B (+23% YoY) and total revenue increased to $268.8M from $215.7M (+25%). Platform revenue was $260.6M (+25%). GAAP loss from operations was $25.8M; non-GAAP income from operations was $40.8M. Outlook: Q2 FY27 revenue $284–$286M; FY27 revenue $1.13–$1.14B.
How this was made
The 30-second read
Why it matters
The key tradable items are Q1 growth (GTV and revenue), operating leverage (non-GAAP operating margin), retention (net dollar retention >110%), and explicit revenue/non-GAAP operating income ranges for Q2 and FY2027.
Market read
Strong Q1 growth and improved non-GAAP profitability plus constructive FY2027 guidance are likely to drive near-term positioning in TTAN around the earnings call.
What to watch
Non-GAAP free cash flow is still negative in Q1; traders may focus on whether operating leverage converts to cash and whether Max expansion can sustain retention and margin.
Background
ServiceTitan is a cloud SaaS platform for trades businesses; this release covers fiscal first quarter ended April 30, 2026 and provides guidance for fiscal Q2 and full fiscal 2027.
Ticker impact
ServiceTitan reported fiscal Q1 results and issued FY2027 revenue and non-GAAP operating income outlook, including Q2 guidance.
Likely positive bias for TTAN as guidance supports upside to growth/profit expectations; magnitude depends on market’s prior expectations for SaaS margins and retention.
The release provides concrete Q1 datapoints (GTV, revenue, non-GAAP operating margin, retention) plus explicit FY2027 and Q2 revenue/non-GAAP operating income ranges, which typically drive immediate repricing.
Market effects
Reinforces demand/monetization strength for vertical SaaS serving trades, potentially supporting sentiment toward similar high-growth software names.
Primarily US growth-software sentiment; limited direct regional spillover beyond tech/earnings complex.
Low global macro linkage; mostly company-specific guidance for a niche vertical SaaS market.
Counterpoint
GAAP loss from operations remains sizable and the company does not provide GAAP outlook, so investors may discount non-GAAP improvements if cash flow or stock-based comp pressures re-emerge.
Key entities
- companyServiceTitan
Reported fiscal Q1 results and provided FY2027 and Q2 guidance, including non-GAAP operating income ranges and Max expansion commentary.
