ServiceTitan Q1 Earnings Raise 2027 Outlook
ServiceTitan Q1 earnings showed 25% revenue growth and stronger non-GAAP margins and raised FY2027 guidance, likely lifting investor sentiment and flows.
KEY TAKEAWAYS
- Revenue grew 25% to $269 million and prompted a raised FY2027 outlook.
- Non-GAAP operating income rose to $41 million, reflecting improving operating leverage.
- Net dollar retention stayed above 110% and management cited early AI Max traction.
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ServiceTitan, Inc. (TTAN) reported fiscal first-quarter 2027 results for the period ended April 30, 2026, showing stronger year-over-year growth and prompting the company to raise its full-year 2027 revenue and operating-income guidance, the company said in a June 4 press release.
Q1 Results and Metrics
ServiceTitan reported total revenue of $268.8 million, up 25% year over year, with platform revenue accounting for $260.6 million. Gross transaction volume (GTV) reached $21.7 billion, a 23% increase from the prior year. On a GAAP basis, the company recorded a loss from operations of $25.8 million, representing a negative 9.6% margin. Non-GAAP operating income rose to $40.8 million, a 15.2% margin. Management said net dollar retention, which measures revenue growth from existing customers after churn and expansion, remained above 110%.
Guidance and Drivers
ServiceTitan updated its fiscal second-quarter 2027 guidance to revenue of $284 million to $286 million and non-GAAP operating income of $38 million to $39 million. The company raised its full-year 2027 guidance to revenue of $1.13 billion to $1.14 billion and non-GAAP operating income of $142 million to $147 million. Management attributed the stronger outlook to healthy demand across residential and commercial trades and early traction for its AI-focused Max product suite.
The company’s revenue grew from $771.9 million in fiscal 2025 to $961.0 million in fiscal 2026, supporting the raised outlook and reflecting expanding operating leverage. The quarter’s top-line growth and rising non-GAAP profitability indicate improving operating leverage, even as GAAP losses and stock-based compensation continue to weigh on near-term GAAP profitability.
