ServiceTitan grows revenue 21% and outlines next-quarter outlook

ServiceTitan ($TTAN) reported fiscal second-quarter revenue of $292.8 million, up 21%, while its non-GAAP operating profit increased to $44.4 million from $29.2 million. Free cash flow on the company’s non-GAAP measure reached $50.5 million. Its GAAP operating loss narrowed to $27.6 million, showing that stronger adjusted profitability has not yet translated into a statutory operating profit.

Management forecast third-quarter revenue of $285–287 million and full-year fiscal 2027 revenue of $1.139–1.144 billion, with annual non-GAAP operating profit of $152–154 million. Gross transaction volume rose 17% to $26.8 billion. That measure tracks amounts invoiced by customers through the platform, rather than ServiceTitan’s own revenue. Quarterly platform revenue itself increased 22% to $284.5 million.

Sources:

• ServiceTitan — fiscal second-quarter results