ServiceTitan Inc
NASDAQ:TTAN
ServiceTitan Inc
ServiceTitan, Inc. engages in the collection of field service activities required to install, maintain, and service the infrastructure and systems of residences and commercial buildings. The company is headquartered in Glendale, California. The company went IPO on 2024-12-12. The Company’s end-to-end solution gives contractors the tools they need to run and grow their business, manage their back office, and provide a stellar customer experience. By bringing an integrated SaaS platform to an industry historically underserved by technology, the Company is equipping tradespeople with the technology they need to keep the world running. Its cloud-based software platform that connects and manages an array of business workflows such as advertising, job scheduling and management, dispatching, generating estimates and invoices, payment processing and more. Its platform offers customers real-time insights into key business workflows through customizable dashboards that can be accessed essentially anywhere, anytime. Its platform offerings include Core, Pro and FinTech products. Its Core product offers base-level functionality across all key workflows.
ServiceTitan, Inc. engages in the collection of field service activities required to install, maintain, and service the infrastructure and systems of residences and commercial buildings. The company is headquartered in Glendale, California. The company went IPO on 2024-12-12. The Company’s end-to-end solution gives contractors the tools they need to run and grow their business, manage their back office, and provide a stellar customer experience. By bringing an integrated SaaS platform to an industry historically underserved by technology, the Company is equipping tradespeople with the technology they need to keep the world running. Its cloud-based software platform that connects and manages an array of business workflows such as advertising, job scheduling and management, dispatching, generating estimates and invoices, payment processing and more. Its platform offers customers real-time insights into key business workflows through customizable dashboards that can be accessed essentially anywhere, anytime. Its platform offerings include Core, Pro and FinTech products. Its Core product offers base-level functionality across all key workflows.
Revenue Growth: ServiceTitan reported Q3 total revenue of $249.2 million, up 25% year-over-year, exceeding expectations.
Subscription Momentum: Subscription revenue rose 26% year-over-year to $182.8 million, driven by strong Pro product adoption and growth in commercial and new trades.
Record Free Cash Flow: Q3 free cash flow reached a record $38 million, up from $11 million a year ago.
Margin Expansion: Platform gross margin improved to 80.2% (up 310 bps YoY); total gross margin rose to 74.3% (up 390 bps YoY); operating margin reached 8.6%.
Guidance Raised: Full-year 2026 revenue is now expected between $951 million and $953 million, with operating income of $83 million to $84 million.
AI & MAX Program: The company highlighted early positive results from its new AI-driven MAX program, with a pilot underway and broader rollout planned.
Commercial Strength: Commercial segment and FinTech product usage were called out as key growth drivers this quarter.
