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 Announces Fiscal Third Quarter Financial Results