ServiceTitan (TTAN) Fiscal Q2 2027 Earnings Call: Revenue Up 21%, Max Prioritized
Source Tradingkey
Key Takeaways
- Fiscal Q2 2027 revenue increased 21% year over year to $292.8 million. Platform revenue rose 22% to $284.5 million.
- Non-GAAP operating income reached $44.4 million, representing a 15.2% margin and a 310-basis-point year-over-year improvement. Free cash flow rose 47% to a quarterly record of $50.5 million.
- GTV increased 17% to $26.8 billion. Management said growth was about 200 basis points below recent quarters on a normalized basis, mainly because of lower job growth among existing customers.
- ServiceTitan is prioritizing Max and its AI-powered software factory over expansion into new trades. The company expects to finish FY2027 with more than 700 enrolled Max locations.
- Management expects FY2027 revenue of $1.139 billion to $1.144 billion and non-GAAP operating income of $152 million to $154 million.
- The shift toward Max is expected to create a $4 million to $5 million near-term revenue headwind across subscription and professional services revenue during the remainder of FY2027.
Core Financial Results
| Metric | Fiscal Q2 2027 | Change / Commentary |
|---|---|---|
| Total revenue | $292.8 million | Up 21% year over year |
| Subscription revenue | $212.4 million | Up 22% year over year |
| Usage revenue | $72.1 million | Up 24% year over year |
| Platform revenue | $284.5 million | Up 22% year over year |
| Professional services and other revenue | $8.3 million | — |
| GTV | $26.8 billion | Up 17% year over year |
| Net dollar retention | Above 110% | Quarterly result |
| Non-GAAP platform gross margin | 81.1% | Up 40 basis points year over year |
| Non-GAAP total gross margin | 74.6% | Up 20 basis points year over year |
| Non-GAAP operating income | $44.4 million | 15.2% margin; up 310 basis points year over year |
| Free cash flow | $50.5 million | Up 47% year over year |
| Year-to-date free cash flow | $40.9 million | Up from $12 million a year earlier |
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Gold price (XAU/USD) rebounds from a nearly one-month low to around $4,385 during the early Asian session on Thursday. The precious metal edges higher as the US Dollar (USD) and Treasury yields retreat from recent highs.
Gold rebounds above $4,450 as Waller tempers Fed rate hike bets ahead US jobs dataGold price (XAU/USD) gains momentum to around $4,470 during the early Asian session on Friday. The precious metal extended its recovery as Federal Reserve (Fed) rate hike bets ease. All eyes will be on the US August Nonfarm Payrolls (NFP) report, which is due later on Friday.
Gold price (XAU/USD) gains momentum to around $4,470 during the early Asian session on Friday. The precious metal extended its recovery as Federal Reserve (Fed) rate hike bets ease. All eyes will be on the US August Nonfarm Payrolls (NFP) report, which is due later on Friday.
Hot August jobs report reignites Fed-hike bets; S&P 500 slips below 7,700 — what to watch before the September FOMCAugust nonfarm payrolls surged to 162,000, three times the consensus, pushing CME FedWatch odds of a September 25-bp hike to 58.4% and dragging the S&P 500 below 7,700. CPI, PPI and the Sept 15-16 FOMC decision now set the tone for US stocks.
August nonfarm payrolls surged to 162,000, three times the consensus, pushing CME FedWatch odds of a September 25-bp hike to 58.4% and dragging the S&P 500 below 7,700. CPI, PPI and the Sept 15-16 FOMC decision now set the tone for US stocks.
Gold slumps to near $4,350 amid oil-driven inflation fears, US inflation data in focusGold price (XAU/USD) falls to near $4,350 during the early Asian session on Wednesday. The precious metal faces some selling pressure as rising oil prices fueled inflation concerns and boosted expectations for a rate hike by the Federal Reserve (Fed) in September.
Gold price (XAU/USD) falls to near $4,350 during the early Asian session on Wednesday. The precious metal faces some selling pressure as rising oil prices fueled inflation concerns and boosted expectations for a rate hike by the Federal Reserve (Fed) in September.
US dollar clings to nine-week lows near 98.4 as Brent nears $100 and the yen hits a seven-month high — five events to watch todayThe dollar is pinned near nine-week lows even after a blockbuster jobs report, as an oil spike toward $100, a surging yen and China's reflation data crowd the driver's seat. Five key events to watch today: Brent at $99.46, USD/JPY at 154, China CPI/PPI, PBOC gold buying, and Thursday's PPI / Friday's CPI ahead of the September 15-16 FOMC.
The dollar is pinned near nine-week lows even after a blockbuster jobs report, as an oil spike toward $100, a surging yen and China's reflation data crowd the driver's seat. Five key events to watch today: Brent at $99.46, USD/JPY at 154, China CPI/PPI, PBOC gold buying, and Thursday's PPI / Friday's CPI ahead of the September 15-16 FOMC.
