LOS ANGELES, Feb. 05, 2026 (GLOBE NEWSWIRE) -- ServiceTitan, Inc. (Nasdaq: TTAN), the software platform that powers the trades, today announced that it will report its financial results for the fiscal fourth quarter and full year ended January 31, 2026 after market close on Thursday, March 12, 2026. In conjunction with this report, ServiceTitan will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day to discuss its fiscal fourth quarter and full year fiscal 2026 financi ...

Core Insights - The 2026 Roofing & Exterior Market Report indicates that 75% of contractors expect revenue growth in 2026, with 74% anticipating higher profits, yet one-third report EBITDA margins between 6% and 15%, highlighting the need for efficiency improvements [1][4] - Despite recognizing the importance of AI, 79% of contractors are not utilizing AI or external large language models (LLMs), indicating a significant opportunity for productivity enhancement [1][3] Industry Challenges - Persistent cost inflation and labor constraints are major challenges for contractors, with 39% citing rising labor and overhead costs as primary threats, and 34% facing skilled labor shortages [2][4] - 60% of contractors are focusing on optimizing labor costs, 45% on material costs, and 41% on marketing efficiency to combat these challenges [4] Competitive Landscape - Differentiation is crucial, with the top three competitive advantages identified as reputation (59%), transparent communication (47%), and exceptional customer service (43%) [5] - Speed and professionalism are becoming essential in customer service, yet only 16% of contractors follow up with homeowners the same day for unsold estimates, indicating a technology gap [6] Technology Adoption - Contractors are prioritizing technology investments that enhance efficiency, with the top decision drivers being robust production features (47%), ease of use (29%), and workflow configurability (24%) [7] - There is a notable underutilization of AI, with only 4% using AI features in their CRM and 25% using external LLM tools, presenting a significant opportunity for improvement [3][10] Growth Opportunities - Contractors see the biggest opportunities in customization (40%), expanding into new trades (36%), and digital transformation (34%), indicating a shift towards personalized offerings and tech-forward business models [8] - Insurance work remains a significant but challenging aspect of the roofing industry, with 40% of contractors involved, facing issues like claims complexity (47%) and adjuster delays (36%) [9]

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]

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]

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 - The initiative by ServiceTitan connects contractors with The Home Depot's Path to Pro program to address the skilled trades labor gap in the U.S. [1][3] - The skilled trades industry is currently facing a significant labor shortage, with over 400,000 open construction jobs [2][7] - The partnership aims to create a sustainable future for the trades by investing in the next generation of skilled professionals [3] Company Overview - ServiceTitan is a software platform designed to support trades businesses with a cloud-based, end-to-end solution that helps contractors manage operations and enhance customer experience [6] - The Home Depot's Path to Pro program connects skilled tradespeople with job opportunities and offers free virtual classes to educate individuals about careers in the trades [7] Program Details - Contractors can join the Path to Pro program by registering for Home Depot's Pro Xtra loyalty program, gaining access to a hiring network and free training resources [4][8] - The Path to Pro Skills Program provides free, on-demand training and educational content to prepare future trades and construction professionals [8] - The Path to Pro Network allows ServiceTitan contractors to post job openings, review candidate portfolios, and connect with skilled tradespeople [8]

Core Insights - ServiceTitan has announced a strategic partnership with Roto-Rooter, enhancing Roto-Rooter's operations with ServiceTitan's technology to drive growth and profitability [1][2] - The partnership aims to unlock new revenue opportunities and improve operational efficiency across Roto-Rooter's extensive network [2][3] - Roto-Rooter, a leader in plumbing and water cleanup services, operates in 121 company-owned territories and over 345 franchise territories in the U.S. and Canada [6] Company Overview - ServiceTitan is a cloud-based software platform designed to support trades businesses, providing tools for business management and customer experience enhancement [5] - Roto-Rooter, founded in 1935, is the largest provider of plumbing, drain cleaning, and water cleanup services in North America, with a strong commitment to technological innovation [6][3] Partnership Impact - The partnership will leverage ServiceTitan's technology across Roto-Rooter's national call centers and branch locations, aiming to set a new standard for service excellence in the industry [4][3] - Roto-Rooter's field employees and office staff will benefit from increased efficiency and automation, allowing them to focus more on customer service [3][2]

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]

Core Insights - ServiceTitan has announced a partnership with Associated Builders and Contractors (ABC), enhancing its commitment to providing technology solutions for specialty contractors in the construction industry [1][2][3] - The partnership allows ABC members to access ServiceTitan's software platform, which includes tools for scheduling, billing, and real-time tracking, along with a member-exclusive benefit of three complimentary months of subscription [2][3] - ServiceTitan aims to drive innovation and operational excellence in the construction sector, which has historically been underserved by technology [2][5] Company Overview - ServiceTitan is a cloud-based software platform designed to empower trades businesses by providing an integrated solution for managing operations and enhancing customer experience [6] - The platform combines project management tools with service functionality, enabling specialty contractors to run their entire business on a single platform [4][6] - ServiceTitan's addition to ABC's Tech Marketplace solidifies its leadership position in construction technology, setting new standards for productivity and operational efficiency [5] Industry Context - ABC, a national trade association with 23,000 members, focuses on advancing industry trends and fostering innovation through its Tech Marketplace [3] - The collaboration between ServiceTitan and ABC aims to equip contractors with cutting-edge digital tools to improve safety, profitability, and efficiency in their operations [3] - This partnership reflects a broader trend in the construction industry towards increased technology adoption to enhance productivity and deliver superior outcomes [5]

Core Insights - ServiceTitan has announced a strategic collaboration with ABC Supply Co., Inc. to enhance procurement and estimating processes for roofing contractors [1][2] - The integration aims to provide accurate product catalogs, pricing, and order status directly within ServiceTitan's platform, improving operational efficiency and customer satisfaction [2][3] Company Overview - ServiceTitan is a cloud-based software platform designed to support trades businesses, offering tools for business management and customer experience enhancement [5] - ABC Supply Co., Inc. is the largest wholesale distributor of roofing and other building products in North America, focusing on serving professional contractors since its founding in 1982 [7] Integration Features - The integration will allow for branch-specific, up-to-date pricing pulled nightly, ensuring contractors have the most current costs for accurate estimates [5] - Location-aware estimates will automatically apply branch-level prices based on job location, maintaining profitability across different markets [5] - Real-time validation at purchase will check current pricing and availability, reducing order errors and material delays [5] - The seamless estimate-to-order flow will enable teams to convert estimates into electronic purchase orders instantly [5] - Contractors will have access to ABC's full catalog with product names and imagery, enhancing proposal accuracy and professionalism [5] Industry Context - Material prices are a significant concern for contractors, with 64% indicating that rising costs may hinder growth and profitability [3] - Supply chain disruptions in the roofing industry are making it increasingly challenging for contractors to source materials at the right time and price [3]