Monitor Q2 results for Max adoption velocity (the company reiterated that it doubled locations on Max in Q1 and expects to double again in Q2) and whether subscription revenue growth can sustain above 20% — these are the key growth catalysts flagged by management.
Price Chart
Executive Summary
ServiceTitan reported Q1 FY2027 revenue of $268.8M (+25% YoY), slightly above the $256.7M consensus, but GAAP EPS of -$0.24 missed the Street consensus of $0.28 (which appeared to reference non-GAAP EPS). Non-GAAP diluted EPS was $0.37 vs $0.18 a year ago. Guidance for Q2 revenue of $284-$286M and FY 2027 revenue of $1.13B-$1.14B was roughly in line with expectations. Net dollar retention remained >110% and subscription revenue grew 24% YoY. The stock is unlikely to move materially given the in-line report and guidance.
Key Financial Metrics
Key Facts
- Total revenue of $268.8M, +25% YoY, above $256.7M consensus
- GAAP net loss per share $(0.24) vs $(0.51) YoY
- Non-GAAP diluted EPS $0.37 vs $0.18 YoY
- Q2 FY2027 revenue guidance: $284-$286M
- Full FY2027 revenue guidance: $1.13B-$1.14B
- Platform revenue $260.6M (+25% YoY), subscription revenue $202.0M (+24% YoY)
- GTV $21.7B (+23% YoY)
- Net dollar retention >110%, consistent with prior quarter
- GAAP operating margin improved to -9.6% from -23.0% YoY
- Non-GAAP operating margin 15.2% vs 7.5% YoY
- Cash and equivalents $421.5M, no debt beyond immaterial lease obligations
Financial Impact
Revenue in-line with consensus, EPS slightly below consensus on a GAAP basis but non-GAAP EPS improved significantly year-over-year; guidance roughly in line with expectations
Risk Factors
- Stock-based compensation remains elevated at $54.6M, diluting shareholder value
- Operating cash flow still negative at -$1.6M, though improved from -$14.6M YoY
- Free cash flow remains negative at -$9.6M
- High multiple on consensus estimates creates earnings disappointment risk
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3307084 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | Institutional Cluster | $78.26 | awaiting T+60 | — | $83.12 (+6.21%) |
Sep 23, 2026 4w ago | Insider Cluster | $59.98 | awaiting T+60 | — | $83.12 (−38.58%) |
Sep 21, 2026 5w ago | Insider Cluster | $61.56 | awaiting T+60 | — | $83.12 (−35.02%) |
Sep 17, 2026 5w ago | 144 | $55.04 | awaiting T+60 | — | $83.12 (+51.02%) |
Aug 17, 2026 10w ago | Insider Cluster | $91.11 | awaiting T+60 | — | $83.12 (−8.77%) |
Aug 13, 2026 10w ago | Insider Cluster | $90.40 | awaiting T+60 | — | $83.12 (−8.05%) |
Jul 16, 2026 14w ago | 144 | $76.00 $72.28 | ▼ −4.89% | ▼ −9.58% | $83.12 (+9.37%) |
Jul 16, 2026 14w ago | 144 / CLUSTER | $76.00 $72.28 | ▲ +4.89% | ▲ +9.58% | $83.12 (−9.37%) |
Jul 8, 2026 15w ago | Insider Cluster | $79.44 $67.09 | ▲ +15.55% | ▲ +17.93% | $83.12 (−4.63%) |
Jul 8, 2026 15w ago | Insider Cluster | $79.44 $67.09 | ▼ −15.55% | ▼ −17.93% | $83.12 (+4.63%) |
US Market Status
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