Key facts
- ServiceTitan reported Q1 2027 revenue of $268.8 million, a 25% increase year-over-year.
- Platform revenue rose 25% to $260.6 million in Q1 2027.
- Gross transaction volume increased 23% to $21.7 billion in Q1 2027.
- Net dollar retention remained above 110%.
- GAAP operating loss narrowed to $25.8 million from $49.5 million.
- Non-GAAP income from operations reached $40.8 million, up from $16.2 million.
- ServiceTitan projects full fiscal year 2027 revenue between $1.13 billion and $1.14 billion.
ServiceTitan (TTAN) stock experienced a significant pre-market surge, reaching $86.84, an increase of 16.83%, following the release of its stronger fiscal first-quarter results for 2027. The company reported total revenue of $268.8 million, up 25% from $215.7 million in the prior year. Platform revenue also saw a 25% increase, reaching $260.6 million. Gross transaction volume grew 23% to $21.7 billion, reflecting increased platform usage. Net dollar retention remained above 110%, indicating continued expansion of spending by existing customers. The company narrowed its GAAP operating loss to $25.8 million from $49.5 million in the prior year, improving its GAAP operating margin to negative 9.6%. Non-GAAP income from operations more than doubled to $40.8 million, with the non-GAAP operating margin improving to 15.2%. Free cash flow also showed improvement, with non-GAAP free cash flow at negative $9.6 million compared to negative $22.3 million. ServiceTitan provided an optimistic outlook, projecting fiscal second-quarter revenue between $284 million and $286 million and non-GAAP income from operations between $38 million and $39 million. For the full fiscal year 2027, the company expects revenue between $1.13 billion and $1.14 billion and non-GAAP income from operations between $142 million and $147 million. This outlook signals management's confidence in sustained demand, platform adoption, and operating leverage.