Core Insights - ServiceTitan (TTAN) shares increased by 13% following the release of Q3 fiscal 2026 results, which showed earnings of 24 cents per share, exceeding the Zacks Consensus Estimate by 60% and reversing a loss of 45 cents from the previous year [1][8] Financial Performance - Revenues for the quarter reached $249.2 million, marking a 25% year-over-year increase and surpassing the consensus estimate by 4.5%. This growth was driven by strong execution with both new and existing customers, alongside a 22% rise in gross transaction volume to $21.7 billion. Net dollar retention exceeded 110% [2][8] - Adjusted gross profit was reported at 74.3%, an expansion of 390 basis points year-over-year, while platform gross margin increased by 310 basis points to 80.2% [3] - Total operating expenses amounted to $163.6 million, reflecting a 17.9% year-over-year increase due to higher research and development (up 17.8%), sales and marketing (up 16.6%), and general and administrative expenses (up 20.5%). Non-GAAP operating income rose to $21.5 million from $1.6 million in the prior year [4][8] Balance Sheet Strength - As of October 31, 2025, ServiceTitan held cash, cash equivalents, and restricted cash totaling $493.2 million. Free cash flow for the quarter was $37.7 million, compared to $10.6 million in the same quarter last year [5] Future Guidance - For Q4 fiscal 2026, ServiceTitan anticipates total revenues between $244 million and $246 million, with expected operating income in the range of $16 million to $17 million. For the full fiscal 2026, revenues are projected to be between $951 million and $953 million, with operating income expected to be between $83 million and $84 million [6]
Shares of TTAN Jump on Strong Q3 Earnings Beat & Top-Line Growth