ServiceTitan, Inc. (NASDAQ: TTAN) announced its financial results for the fiscal second quarter ended July 31, 2026, in a Form 8-K filed on September 8, 2026. The company reported a 21% year-over-year increase in total revenue, reaching $292.8 million for the quarter.
Key operational metrics for the fiscal second quarter of 2027 included:
- Gross Transaction Volume (GTV): $26.8 billion, representing a 17% year-over-year increase.
- Platform Revenue: $284.5 million, up 22% year-over-year.
- Net Dollar Retention: Greater than 110%.
On a GAAP basis, the company recorded a loss from operations of $27.6 million, or -9.4% margin, compared to a loss of $34.8 million in the prior year. However, non-GAAP income from operations was $44.4 million, with a margin of 15.2%. The company also generated $50.5 million in non-GAAP free cash flow during the quarter.
Regarding its AI initiatives, ServiceTitan stated it exceeded its goal of doubling Max locations during Q2. The company now expects to end the fiscal year with over 700 enrolled Max locations.
The company provided the following outlook for the remainder of fiscal 2027:
- Fiscal Third Quarter 2027: Total revenue expected to be between $285 million and $287 million.
- Fiscal Year 2027: Total revenue expected to be between $1.139 billion and $1.144 billion.
ServiceTitan also announced it will hold a conference call to discuss these results on September 8, 2026, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).
