Core Insights - ServiceTitan reported strong financial results for the fiscal first quarter of 2026, with significant year-over-year growth in gross transaction volume and total revenue [2][3] - The company's focus on delivering ROI to customers is highlighted as a key competitive advantage, with a strong start in its four primary areas of focus for the year [1][2] Financial Highlights - Gross transaction volume (GTV) increased to $17.7 billion, representing a 22% year-over-year growth compared to $14.5 billion in the previous year [2] - Total revenue reached $215.7 million, a 27% increase from $170.3 million in the same quarter of the previous year [2] - Platform revenue also grew by 27% year-over-year, amounting to $208.0 million [2] - Non-GAAP income from operations was reported at $16.2 million, compared to $3.3 million in the same quarter last year, resulting in a non-GAAP operating margin of 7.5% [2][31] - Net cash used in operating activities decreased to $14.6 million from $19.2 million year-over-year [2][36] Operational Outlook - For the second quarter of fiscal 2026, ServiceTitan expects total revenue between $228 million and $230 million, and non-GAAP income from operations between $17 million and $18 million [3] - The full fiscal year 2026 revenue outlook is projected to be between $910 million and $920 million, with non-GAAP income from operations expected to be between $54 million and $59 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 [6] - The company aims to transform the trades industry, which has historically been underserved by technology, by equipping contractors with necessary technological solutions [6]
ServiceTitan Announces Fiscal First Quarter Financial Results