Core Insights - ServiceTitan reported strong financial results for the fiscal second quarter ended July 31, 2025, with significant growth in gross transaction volume and total revenue, indicating a robust performance in the trades sector [1][2][3] Financial Performance - Gross transaction volume (GTV) reached $22.9 billion, a year-over-year growth of 19% compared to $19.2 billion in the same quarter of 2025 [2] - Total revenue for the quarter was $242.1 million, reflecting a 25% increase from $193.0 million in the same quarter of the previous year [2] - Platform revenue was $232.7 million, up 26% year-over-year from $185.0 million [2] - Non-GAAP income from operations was $29.2 million, compared to $13.5 million in the same quarter of the previous year, resulting in a non-GAAP operating margin of 12.1% [2] - GAAP loss from operations was $34.8 million, slightly higher than the loss of $32.6 million in the same quarter of the previous year [2] Operational Highlights - The company achieved a net dollar retention rate of over 110%, indicating strong customer loyalty and expansion within existing accounts [2] - Cash provided by operating activities was $40.3 million, an increase from $25.3 million in the same quarter of the previous year [2] - Non-GAAP free cash flow was $34.3 million, compared to $18.7 million in the same quarter of the previous year [2] Future Outlook - For the fiscal third quarter of 2026, ServiceTitan expects total revenue between $237 million and $239 million, and non-GAAP income from operations between $14 million and $15 million [3] - The full fiscal year 2026 revenue is projected to be between $935 million and $940 million, with non-GAAP income from operations expected to be between $74 million and $76 million [3] Company Background - ServiceTitan is a cloud-based software platform designed to empower trades businesses, providing tools for contractors to manage operations and enhance customer experiences [7]
ServiceTitan Announces Fiscal Second Quarter Financial Results