ServiceTitan, Inc. (NASDAQ: TTAN) Q1 2025 Earnings Call | 06/06/2025

17 days ago

42:44

Inside Ticker

Earnings Calls

About this video

ServiceTitan, Inc. (NASDAQ: TTAN) reported Q1 2025 results on June 6, 2025, delivering record revenue of $215.7 million—a 27% year-over-year increase—driven by robust growth in both subscription and usage revenues. Gross transaction volume (GTV) reached $17.7 billion, up 22% from the prior year, underscoring ServiceTitan’s expanding influence in the contractor and trades industry. Subscription revenue climbed 29% to $162.7 million, while usage revenue rose 22% to $45.3 million. The company achieved a non-GAAP operating income of $16.2 million, up from $3.3 million a year ago, with a non-GAAP operating margin of 7.5% versus 1.9% the prior year. Platform gross margin improved to 79.7%, and total gross margin reached 73.6%, both up significantly year-over-year. However, ServiceTitan posted a GAAP operating loss of $49.5 million, a slight improvement from the $53.4 million loss in Q1 2024, reflecting ongoing investments in growth and R&D. Net dollar retention exceeded 110%, highlighting strong customer engagement and upsell momentum. The company ended the quarter with $420.3 million in cash and cash equivalents, supporting continued investment in innovation and market expansion. Management guided Q2 2025 revenue to $228–$230 million and reaffirmed full-year 2026 revenue expectations of $910–$920 million, with a goal of achieving non-GAAP operating income of $54–$59 million and a long-term non-GAAP operating margin target of 25%. Outlook: Q2 2025: Revenue guidance of $228–$230 million FY2026: Revenue guidance of $910–$920 million; non-GAAP operating income target $54–$59 million Focus on expanding platform adoption, commercial market growth, and continued margin improvement About Inside Ticker: For more expert analysis and real-time updates on ServiceTitan, Inc. (NASDAQ: TTAN) and other market movers, follow Inside Ticker and visit InsideTicker.com for in-depth reports, financial insights, and the latest news on leading companies. #ServiceTitan #TTAN #EarningsCall #Q12025 #SaaS #TradesTech #RevenueGrowth #Margins #ContractorSoftware #Investing #InsideTicker

Important Note: The stock market is inherently unpredictable, and forecasts are subject to change based on various factors, including economic conditions and company performance. Always consult multiple sources and consider professional advice before making investment decisions.

AI-Powered Financial Analysis This analysis uses real-time market data. While we strive for accuracy, always verify important financial information and consult with qualified financial professionals before making investment decisions. Past performance does not guarantee future results.