ServiceTitan (NASDAQ:TTAN) Announces Quarterly Earnings Results

ServiceTitan (NASDAQ:TTAN) announced its earnings results on Tuesday. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05, FiscalAI reports. ServiceTitan had a negative return on equity of 5.72% and a negative net margin of 12.12%.The company had revenue of $292.76 million for the quarter, compared to analyst estimates of $285.89 million. During the same period in the prior year, the company posted $0.33 EPS. The firm’s quarterly revenue was up 20.9% compared to the same quarter last year.

Here are the key takeaways from ServiceTitan’s conference call:

• ServiceTitan reported 21% year-over-year revenue growth to $292.8 million, a 15.2% operating margin, and record quarterly free cash flow of $50.5 million. Management raised its expected FY2027 incremental margin to 33% and said 25% will be a floor going forward.
• Max adoption is accelerating, with enrolled locations exceeding quarterly targets and expected to surpass 700 by fiscal year-end. Management cited stronger customer revenue, booking, ticket-size, and profitability outcomes, while Virtual Agent revenue and call volume more than doubled sequentially.
• Gross transaction volume growth slowed to 17%, roughly 200 basis points below recent quarters, as customer lead and job volumes moderated—particularly among HVAC customers. The company rolled the softer Q2 trend into its outlook and guided to $285 million–$287 million of Q3 revenue and $1.139 billion–$1.144 billion for FY2027.
• The shift toward Max and related implementation practices are expected to create a near-term $4 million–$5 million revenue headwind through lower subscription-recognition timing and professional-services revenue. ServiceTitan is also deferring expansion into new commercial trades and broader residential exteriors to prioritize Max and its Software Factory, potentially postponing some growth opportunities.

ServiceTitan Price Performance

Shares of NASDAQ:TTAN opened at $57.12 on Thursday. The business’s 50 day moving average price is $84.33 and its 200-day moving average price is $72.62. The firm has a market capitalization of $5.45 billion, a PE ratio of -42.00 and a beta of 0.11. ServiceTitan has a 1 year low of $54.17 and a 1 year high of $119.60.

Insider Transactions at ServiceTitan

In other ServiceTitan news, major shareholder Iconiq Strategic Partners V, L sold 94,415 shares of ServiceTitan stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $63.43, for a total transaction of $5,988,743.45. Following the transaction, the insider directly owned 443,221 shares of the company’s stock, valued at $28,113,508.03. The trade was a 17.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Griffith sold 94,415 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $63.43, for a total value of $5,988,743.45. Following the sale, the director directly owned 443,221 shares of the company’s stock, valued at $28,113,508.03. The trade was a 17.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 514,837 shares of company stock valued at $39,203,222. Company insiders own 39.89% of the company’s stock.

Institutional Trading of ServiceTitan

Hedge funds have recently added to or reduced their stakes in the company. Woodline Partners LP lifted its position in shares of ServiceTitan by 4.6% during the 1st quarter. Woodline Partners LP now owns 2,141 shares of the company’s stock worth $204,000 after purchasing an additional 95 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of ServiceTitan by 21.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,042 shares of the company’s stock valued at $111,000 after buying an additional 184 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of ServiceTitan by 161.7% in the 3rd quarter. Parallel Advisors LLC now owns 526 shares of the company’s stock valued at $53,000 after buying an additional 325 shares in the last quarter. Sunbelt Securities Inc. grew its position in shares of ServiceTitan by 391.0% in the 4th quarter. Sunbelt Securities Inc. now owns 491 shares of the company’s stock valued at $52,000 after buying an additional 391 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in ServiceTitan by 1,005.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company’s stock worth $46,000 after acquiring an additional 392 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TTAN. Wells Fargo & Company dropped their target price on ServiceTitan from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday. TD Cowen dropped their target price on ServiceTitan from $125.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday. Truist Financial reissued a “buy” rating and issued a $100.00 price target (down from $110.00) on shares of ServiceTitan in a report on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $100.00 price objective on shares of ServiceTitan in a research report on Wednesday. Finally, Citigroup dropped their price objective on shares of ServiceTitan from $83.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday. Fourteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, ServiceTitan currently has an average rating of “Moderate Buy” and a consensus price target of $96.38.

Key Stories Impacting ServiceTitan

Here are the key news stories impacting ServiceTitan this week:

• Positive Sentiment: ServiceTitan reported adjusted earnings of $0.40 per share, exceeding the $0.35 consensus estimate, while revenue rose 20.9% year over year to $292.8 million, ahead of expectations. Record non-GAAP free cash flow of $50.5 million and a 15.2% non-GAAP operating margin also highlighted improving profitability. ServiceTitan Fiscal Second-Quarter Results
• Positive Sentiment: Analysts continued to see long-term upside from ServiceTitan’s AI-powered Max platform and maintained positive ratings. BTIG reaffirmed a Buy rating, while Piper Sandler, KeyCorp, BMO Capital Markets, Robert W. Baird, TD Cowen, Stifel and Citi retained bullish or neutral views, despite lowering their price targets. ServiceTitan Bets on Max
• Neutral Sentiment: The company promoted veteran Rikus Pretorius to chief revenue officer, with Ross Biestman remaining through the end of the fiscal year. The transition may support future growth but adds a near-term execution concern. ServiceTitan Names Next Chief Revenue Officer
• Negative Sentiment: Third-quarter revenue guidance of $285 million to $287 million was below the roughly $287.8 million consensus estimate. Management also said the shift toward Max could reduce professional-services revenue by approximately $2 million over the remainder of the fiscal year, raising concerns about near-term revenue growth and business-model transition.
• Negative Sentiment: Several analysts lowered their price targets following the outlook, and law firms announced investigations into whether ServiceTitan complied with securities laws after the guidance-related selloff. These announcements may add further pressure and uncertainty for shareholders. ServiceTitan Investor Investigation

About ServiceTitan

ServiceTitan, Inc (NASDAQ: TTAN) is a cloud-based software provider specializing in end-to-end business management solutions for residential and commercial trade contractors. The company’s platform integrates customer relationship management, scheduling and dispatch, mobile workforce management, invoicing, payments and reporting tools into a single suite. By automating key back-office processes, ServiceTitan helps field service businesses improve operational efficiency, enhance customer experience and drive revenue growth.

At the core of ServiceTitan’s offering is a mobile application that allows technicians to access job details, update work orders, capture signatures and process payments from the field.