ServiceTitan (NASDAQ:TTAN) Issues Quarterly Earnings Results, Beats Estimates By $0.09 EPS

ServiceTitan (NASDAQ:TTAN) announced its earnings results on Thursday. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.09, FiscalAI reports. ServiceTitan had a negative net margin of 13.44% and a negative return on equity of 5.64%. The company had revenue of $268.82 million during the quarter, compared to analyst estimates of $257.40 million. During the same period in the previous year, the business earned $0.18 earnings per share. The firm’s quarterly revenue was up 24.6% compared to the same quarter last year.

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

• ServiceTitan reported Q1 revenue growth of 25% to $268.8 million, with GTV up 23% and net dollar retention above 110%, signaling solid demand across its platform.
• The company highlighted strong early traction for Max, saying it more than doubled the number of locations on the product in Q1 and expects to double again in Q2. Management said fully ramped Max customers are already seeing meaningful workflow automation and higher funnel performance.
• Enterprise remains a major growth engine, with ServiceTitan surpassing 2,000 customers generating over $100,000 in annualized billings. That segment now represents more than 60% of annualized billings and is the company’s fastest-growing cohort.
• Profitability improved sharply, with operating margin rising to 15.2% from 7.5% a year ago and platform gross margin reaching 81.3%. Management also said full-year incremental operating margins should exceed its initial target of 25%.
• ServiceTitan slightly raised its outlook, guiding Q2 revenue to $284 million-$286 million and full-year FY2027 revenue to $1.13 billion-$1.14 billion. Management also reiterated that weather and business-day timing can materially affect quarterly GTV and usage trends.

ServiceTitan Stock Up 4.1%

NASDAQ TTAN opened at $77.40 on Friday. The company has a 50-day simple moving average of $63.24 and a two-hundred day simple moving average of $78.04. ServiceTitan has a 12-month low of $54.17 and a 12-month high of $119.99. The firm has a market cap of $7.37 billion, a price-to-earnings ratio of -53.38 and a beta of 0.13.

ServiceTitan News Roundup

Here are the key news stories impacting ServiceTitan this week:

• Positive Sentiment: ServiceTitan posted strong fiscal Q1 results, with revenue and earnings both beating estimates and year-over-year growth remaining solid, reinforcing the company’s momentum. ServiceTitan Announces Fiscal First Quarter Financial Results
• Positive Sentiment: Management raised revenue guidance for both Q2 and fiscal 2027, suggesting demand remains healthy and the business is tracking ahead of prior expectations. ServiceTitan Announces Fiscal First Quarter Financial Results
• Positive Sentiment: Multiple analysts turned more bullish after the print, including TD Cowen raising its target to $125 and BMO, BTIG, and Piper Sandler also lifting price targets, which helped support the stock. Benzinga
• Neutral Sentiment: Some commentary remains cautious despite the strong quarter, noting that GAAP losses and stock-based compensation still weigh on near-term profitability. ServiceTitan Q1: I Like The Company, Not The Stock

Insider Buying and Selling at ServiceTitan

In other ServiceTitan news, President Vahe Kuzoyan sold 3,220 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $69.86, for a total transaction of $224,949.20. Following the completion of the sale, the president directly owned 1 shares in the company, valued at $69.86. This represents a 99.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO David Sherry sold 17,778 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $69.86, for a total transaction of $1,241,971.08. Following the sale, the chief financial officer owned 313,025 shares of the company’s stock, valued at approximately $21,867,926.50. The trade was a 5.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 33,440 shares of company stock valued at $2,281,468. Corporate insiders own 39.89% of the company’s stock.

Hedge Funds Weigh In On ServiceTitan

Several hedge funds and other institutional investors have recently modified their holdings of the company. Woodline Partners LP raised its stake in shares of ServiceTitan by 4.6% during the first quarter. Woodline Partners LP now owns 2,141 shares of the company’s stock valued at $204,000 after acquiring an additional 95 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of ServiceTitan by 21.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,042 shares of the company’s stock valued at $111,000 after acquiring an additional 184 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of ServiceTitan by 161.7% during the third quarter. Parallel Advisors LLC now owns 526 shares of the company’s stock valued at $53,000 after acquiring an additional 325 shares during the last quarter. Sunbelt Securities Inc. raised its stake in shares of ServiceTitan by 391.0% during the fourth quarter. Sunbelt Securities Inc. now owns 491 shares of the company’s stock valued at $52,000 after acquiring an additional 391 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of ServiceTitan by 1,005.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company’s stock valued at $46,000 after acquiring an additional 392 shares during the last quarter.

Analyst Upgrades and Downgrades

TTAN has been the subject of several research reports. KeyCorp reiterated an “overweight” rating on shares of ServiceTitan in a research report on Tuesday, May 26th. BMO Capital Markets upped their target price on shares of ServiceTitan from $92.00 to $103.00 and gave the stock an “outperform” rating in a research report on Friday. Morgan Stanley upped their target price on shares of ServiceTitan from $118.00 to $124.00 and gave the stock an “overweight” rating in a research report on Friday. The Goldman Sachs Group cut their target price on shares of ServiceTitan from $117.00 to $84.00 and set a “neutral” rating for the company in a research report on Monday, March 16th. Finally, Citigroup cut their target price on shares of ServiceTitan from $117.00 to $88.00 and set a “neutral” rating for the company in a research report on Friday, March 13th. Fifteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, ServiceTitan presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.93.

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.