Core Insights - ServiceTitan has been selected as the core technology platform for TIMEPROOFUSA and Master Roofing Solutions, enabling both companies to standardize operations and accelerate national expansion [1][2][4] - TIMEPROOFUSA aims to expand to 50 branches across 30 states within the next year, addressing both residential and commercial markets [2][3] - The partnership with ServiceTitan is expected to enhance operational efficiency and consistency, supporting a 'hub-and-spoke' model for local branches [3][4] Company Overview - ServiceTitan is a cloud-based software platform designed to empower trades businesses with tools for growth, back office management, and customer experience [6] - TIMEPROOFUSA specializes in residential roof repair and replacement, with a commitment to quality and reliability [7] - Master Roofing Solutions focuses on providing premium roofing and solar solutions for home builders, emphasizing exceptional quality and timely execution [8] Industry Context - The roofing industry is characterized as fragmented and presents significant untapped opportunities for growth [4] - ServiceTitan is investing in technology tailored for roofing and exterior contractors, including partnerships with leading distributors and suppliers to enhance its platform [4]

Financial Performance - Gross transaction volume (GTV) for Q3 2026 reached $21.7 billion, a year-over-year growth of 22% compared to $17.8 billion in Q3 2025[3] - Total revenue for Q3 2026 was $249.2 million, reflecting a 25% increase from $199.3 million in Q3 2025[3] - Non-GAAP income from operations for Q3 2026 was $21.5 million, significantly up from $1.6 million in Q3 2025, resulting in a non-GAAP operating margin of 8.6%[3] - The platform revenue for Q3 2026 was $239.6 million, a 25% increase from $191.2 million in Q3 2025[3] - The company expects total revenue for Q4 2026 to be between $244 million and $246 million, and for the full fiscal year 2026, total revenue is projected to be between $951 million and $953 million[4] - Non-GAAP income from operations for Q4 2026 is anticipated to be between $16 million and $17 million, with full fiscal year 2026 expected to be between $83 million and $84 million[4] Cash Flow and Assets - Net cash provided by operating activities for Q3 2026 was $43.8 million, compared to $15.5 million in Q3 2025[3] - Total current assets increased to $644,012 thousand as of October 31, 2025, up from $572,766 thousand as of January 31, 2025, representing a growth of 12.4%[16] - Net cash provided by operating activities for the three months ended October 31, 2025, was $43,780 thousand, compared to $15,534 thousand for the same period in 2024, indicating a significant increase of 182.5%[18] - Cash and cash equivalents rose to $493,238 thousand as of October 31, 2025, compared to $441,802 thousand as of January 31, 2025, marking an increase of 11.6%[16] - The company reported a net change in cash, cash equivalents, and restricted cash of $21,753 thousand for the three months ended October 31, 2025, compared to $5,710 thousand for the same period in 2024, showing an increase of 281.5%[18] Profitability Metrics - GAAP gross profit for the three months ended October 31, 2025, was $185,055,000, compared to $138,986,000 for the same period in 2024, representing a year-over-year increase of 33.2%[26] - Non-GAAP gross profit for the three months ended October 31, 2025, was $192,119,000, up from $147,342,000 in 2024, indicating a growth of 30.4%[26] - GAAP gross margin improved to 77.2% in Q3 2025 from 72.7% in Q3 2024, while non-GAAP gross margin increased to 80.2% from 77.1% in the same period[26] - Non-GAAP net income for the three months ended October 31, 2025, was $23,814,000, compared to a loss of $1,148,000 for the same period in 2024[33] - Non-GAAP net income for the nine months ended October 31, 2025, was $74,556,000, significantly up from $9,081,000 in 2024[33] Expenses - GAAP sales and marketing expense for the three months ended October 31, 2025, was $78,270,000, an increase from $67,795,000 in 2024[29] - Non-GAAP research and development expense for the three months ended October 31, 2025, was $63,647,000, compared to $54,016,000 in 2024, showing a rise of 17.5%[30] - Non-GAAP general and administrative expense for the three months ended October 31, 2025, was $33,960,000, up from $28,189,000 in 2024, indicating a 20.0% increase[31] - Stock-based compensation expense for the three months ended October 31, 2025, was $49,660 thousand, up from $25,426 thousand in the same period of 2024, representing a substantial increase of 95.2%[18] Losses and Liabilities - The company reported a GAAP loss from operations of $42.2 million in Q3 2026, an improvement from a loss of $44.0 million in Q3 2025[3] - Net loss for the three months ended October 31, 2025, was $39,527 thousand, an improvement from a net loss of $46,460 thousand for the same period in 2024, reflecting a decrease of 14.3%[18] - Total liabilities decreased slightly to $311,651 thousand as of October 31, 2025, from $314,064 thousand as of January 31, 2025, a reduction of 0.8%[16] - The company incurred $19,781 thousand in cash outflows for business acquisitions during the three months ended October 31, 2025[18] Operational Focus - ServiceTitan continues to focus on leveraging competitive advantages to enhance automation in the trades industry[2]

Core Insights - ServiceTitan reported strong financial results for the fiscal third quarter of 2026, with significant year-over-year growth in gross transaction volume and total revenue, indicating a robust business performance [2][3] - The company aims to leverage its competitive advantages to enhance automation in the trades industry, reflecting a strategic focus on growth and innovation [1][2] Financial Performance - Gross transaction volume (GTV) reached $21.7 billion, up 22% year-over-year from $17.8 billion [2] - Total revenue for the quarter was $249.2 million, representing a 25% increase from $199.3 million in the same quarter of the previous year [2] - Platform revenue also grew by 25% year-over-year, totaling $239.6 million compared to $191.2 million [2] - Non-GAAP income from operations was $21.5 million, a significant increase from $1.6 million in the prior year, with a non-GAAP operating margin of 8.6% [2] - The company reported a GAAP loss from operations of $42.2 million, an improvement from a loss of $44.0 million in the same quarter last year [2] Operational Highlights - The company achieved a net dollar retention rate of over 110%, indicating strong customer loyalty and recurring revenue potential [2] - Cash provided by operating activities was $43.8 million, up from $15.5 million in the previous year, showcasing improved cash flow management [2] Future Outlook - For the fiscal fourth quarter of 2026, ServiceTitan expects total revenue to be between $244 million and $246 million, and non-GAAP income from operations to be between $16 million and $17 million [3] - The full fiscal year 2026 revenue is projected to be between $951 million and $953 million, with non-GAAP income from operations expected to be between $83 million and $84 million [3] Company Overview - ServiceTitan is a cloud-based software platform designed to support trades businesses, providing tools for business management and customer experience enhancement [7] - The company positions itself as a leader in democratizing technology for an industry that has historically been underserved [1][7]

ServiceTitan's consensus price target has decreased to $115 from a previous $131.33, indicating a more conservative outlook among analysts.The company is expected to report a revenue increase of 19.66% in Q3, driven by demand for AI tools and automation.Market trends and strategic moves, such as potential mergers or new product launches, could impact ServiceTitan's stock target price.ServiceTitan, Inc. (TTAN) is a leading software company that provides a cloud-based platform for home and commercial service ...

Core Insights - ServiceTitan (TTAN) is expected to report third-quarter fiscal 2026 results on December 4, 2025, with projected revenues between $237 million and $239 million, indicating a year-over-year growth of nearly 20% [1][8] - The Zacks Consensus Estimate for revenues stands at $238.45 million, reflecting a growth of 19.66% from the previous year's quarter [1] - Earnings per share consensus remains at 15 cents, suggesting a significant year-over-year increase of 133.33% [1] Revenue and Growth Factors - Gross transaction volume (GTV) rose by 19% year over year to $22.9 million in the second quarter of fiscal 2026, driven by new user growth and a 23% increase in usage revenues [3] - The anticipated growth in the upcoming quarter is attributed to the increasing traction of ServiceTitan's AI, Titan Intelligence, and strong demand for professional products [4][8] - Rising automation needs among ServiceTitan's customers are expected to further contribute to top-line growth [4] Earnings Expectations - According to the Zacks model, TTAN currently has an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold), indicating that the odds of an earnings beat are not favorable at this time [5]

Core Financial Performance - CoreWeave reported a 134% increase in revenue to $1.3 billion, driven by strong demand for AI infrastructure [1] - The company's GAAP loss improved to $0.22 per diluted share, compared to $1.82 per diluted share in the previous year [1] - Cash from operations more than doubled to $1.7 billion [1] Market Position and Recognition - SemiAnalysis recognized CoreWeave as a technology leader in AI services, scoring its platform above competitors like Amazon Web Services and Microsoft Azure [2] - CoreWeave is categorized as a neocloud, providing AI-specific cloud services with superior performance compared to traditional cloud providers [3] IPO and Stock Performance - CoreWeave completed its IPO on March 28, 2025, and the stock has advanced 93% since then, with a median target price of $130 per share indicating a 68% upside from its current price of $77 [4] - The current price-to-sales (P/S) multiple for CoreWeave is 7.5, significantly lower than the average of 13 times sales since its IPO, suggesting it is undervalued [7] Future Growth Potential - Earnings for CoreWeave are forecasted to increase at 92% annually through 2027, making the current P/S multiple reasonable for long-term investors [7] - Despite a recent reduction in full-year revenue guidance due to a partner's delay in a data center build, the overall contract value remains intact, indicating future revenue recognition [6]

Core Insights - ServiceTitan Inc. has consistently beaten earnings estimates, with an average surprise of 66.67% over the last two quarters [1] - The company reported earnings of $0.33 per share for the last quarter, exceeding the Zacks Consensus Estimate of $0.18 per share by 83.33% [2] - The previous quarter also saw a positive surprise, with actual earnings of $0.18 per share against an expected $0.12 per share, resulting in a 50.00% surprise [2] Earnings Estimates - There has been a favorable change in earnings estimates for ServiceTitan Inc., indicated by a positive Earnings ESP of +10.87% [5][8] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat [5][8] - Historically, stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [6] Earnings ESP Explanation - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [7] - Analysts revising their estimates close to an earnings release may provide more accurate predictions than earlier consensus estimates [7] - A negative Earnings ESP does not necessarily indicate an earnings miss but reduces the predictive power of the metric [9]

Core Viewpoint - ServiceTitan, Inc. will report its financial results for the fiscal third quarter ended October 31, 2025, on December 4, 2025, and will provide an outlook for fiscal year 2026 [1]. Group 1: Financial Reporting - The financial results will be announced after market close on December 4, 2025 [1]. - A conference call will be held at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day to discuss the results [2]. Group 2: Company Overview - ServiceTitan is a software platform that supports trades businesses with a cloud-based, end-to-end solution [3]. - The platform provides contractors with tools to manage their business operations and enhance customer experience [3]. - ServiceTitan aims to equip tradespeople with technology in an industry that has been historically underserved [3].

Core Insights - ServiceTitan is recognized as a leading platform for large companies in the trades business seeking digital transformation [1] Company Analysis - The company is positioned as a significant player in the digitalization of the trades industry, indicating strong market relevance [1] - Despite its leading status, the company may not excel in research and development compared to competitors [1]

Core Viewpoint - Investors in ServiceTitan, Inc. (TTAN) should closely monitor the stock due to significant movements in the options market, particularly the high implied volatility of the Sept. 17, 2025 $50 Call option [1] Company Analysis - ServiceTitan is currently rated as a Zacks Rank 3 (Hold) in the Internet – Software industry, which ranks in the top 27% of the Zacks Industry Rank [3] - Over the last 60 days, five analysts have raised their earnings estimates for the current quarter, increasing the Zacks Consensus Estimate from 8 cents per share to 15 cents per share [3] Options Market Insights - The high implied volatility surrounding ServiceTitan shares suggests that options traders are anticipating a significant price movement, which could indicate an upcoming event that may lead to a substantial rally or sell-off [2][4] - Seasoned options traders often seek to sell premium on options with high implied volatility, aiming to benefit from the decay of the option's value if the underlying stock does not move as much as expected [4]