📈 Price History

Ratio Health

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By Category

📊 Sector Averages

About

ServiceTitan, Inc. provides an end-to-end cloud-based software platform in the United States, Armenia, and Canada.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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📊 Quick Scorecard

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⭐ Superinvestors Holding TTAN

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Manager	Shares	Value	% of Fund	Period
Steve Cohen Point72 Asset Management	527.3K	$33.5M	0.04%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q2 2026

Confident Specific

Management explicitly stated 'greater than we expected', 'record operating margins improved 510 bps', and provided detailed customer success metrics (e.g., $370k revenue increase, 22% close rate boost). No defensive language; they highlighted overperformance and strong execution across all priorities.

Q3 2026

Confident Specific

Management used phrases like 'record free cash flow', 'greater than we expected', 'strong quarter of new large customer wins', and 'never been more confident' to convey strong execution and positive momentum. They provided specific numbers and customer examples (Wrench Group, James River) to back claims.

Q4 2026

Confident Specific

The tone is highly confident and specific, with management detailing concrete customer success metrics (e.g., 50% increase in average ticket, EBITDA margin improvement from 18% to 30%), touting the AI-driven 'agentic operating system' as a 'landmark value creation opportunity', and providing precise financial figures for revenue, margins, and cash flow.

Q1 2027 latest

Confident Specific

Management repeatedly emphasized strong execution with specific metrics (25% revenue growth, record operating margins, 2000+ enterprise customers >$100k ARR) and concrete customer ROI examples (E.D.S. saw 50%+ revenue per technician improvement). Language like 'strong start', 'healthy efficiency', and 'outperformance' underscores conviction.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis is stronger after this call. ServiceTitan delivered a Q1 beat with 25% revenue growth, record margins, and raised full-year guidance, signaling healthy underlying demand and operating leverage. The early success of Max with concrete customer ROI (e.g., 50%+ revenue per technician improvement) and the ability to more than double Max deployments in Q1 (and again in Q2) demonstrate strong product-market fit. The raise in full-year incremental margins above the initial 25% target suggests improving efficiency even with increased AI investments. Key watch items for next quarter: summer weather impact on GTV, the pace of Max scaling and its contribution to revenue, and any evolution in competitive responses from low-end players. Overall, the call reinforces durable growth and a widening moat from AI-powered automation.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED ServiceTitan grows revenue 25% to $268.8M in Q1 FY27, expands Max program

Revenue & Profitability

Q1 FY27 total revenue was $268.8 million, up 25% year-over-year. Operating income was $40.8 million, resulting in a 15.2% operating margin (up 770 bps). Platform gross margin was 81.3%, up 160 bps. Free cash flow improved to negative $9.6 million from negative $22.3 million last year. Guidance: Q2 revenue $284-286 million, full FY27 revenue $1.13-1.14 billion, operating income $142-147 million.

Outlook

Management sees healthy demand across residential and commercial trades, with resilient end markets. Weather (ice storms and early cooling season) provided a tailwind in Q1. The company expects usage revenue to outpace GTV growth in FY27, driven by AI monetization (ecosystem and virtual agents). The PE symposium with over $3 trillion AUM reinforces confidence in industry evolution.

Growth Drivers

Key growth levers include: enterprise customers (>$100K ARR, now >2,000 and fastest-growing segment), commercial product enhancements (invoicing agents, equipment systems), roofing workflow hardening, and the Max program (locations doubled in Q1, expected to double again in Q2). Virtual Agents (voice, outbound calling) are also ramping. Net dollar retention exceeded 110%.

Balance Sheet & CapEx

Not discussed specifically as CapEx. The company is increasing investments in Max and AI inference, expecting these to reduce future hiring needs. Management noted that investments in these areas will precede benefits and that incremental operating margins for FY27 are expected to be higher than the initial 25% target.

Margins

Q1 FY27 operating margin improved 770 bps year-over-year to 15.2%. Platform gross margin was 81.3%, up 160 bps. Total gross margin was 75.3%, up 170 bps. The company expects full-year incremental margins above 25%, driven by strong GTV, lower costs, and timing of expenses. AI usage (Max and virtual agents) is additive to gross profit dollars and consistent with total gross margins at scale.

Key Risks

Risks flagged include weather dependency (impact on GTV and seasonality), timing of expenses and investments, and the need to scale Max implementations efficiently. CSR attrition in customer businesses is noted as a potential driver for virtual agent adoption. The data center build-out labor shortage is not yet impacting the business significantly. AI inference costs are being managed but could affect margins.

Generated by AI · Q1 2027 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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🔎 See cross-company document search → ?

📞 Earnings Call Transcripts (5)

Q1 2027 Q1 2027 2026-06-04

Q1 2027 saw 25% revenue growth, strong margin expansion, and record operating income, driven by AI-powered automation and robust enterprise adoption. Guidance for FY 2027 was raised, with continued investment in Max and AI expected to sustain growth and efficiency.

Q4 2026 Q4 2026 2026-03-12

Achieved 24% revenue growth in FY 2026, surpassing $1B run rate, with strong margins and cash flow. AI-powered Max platform drove significant customer ROI, and FY 2027 guidance reflects continued growth and investment in AI and R&D.

Q3 2026 Q3 2026 2025-12-04

Q3 2026 saw 25% revenue growth, record free cash flow, and strong adoption of AI-driven pro products. Commercial and residential segments both contributed, with guidance for continued growth and margin expansion into FY27.

Q2 2026 Q2 2026 2025-09-04

Q2 FY26 saw 25% revenue growth, record operating margins, and strong free cash flow, led by commercial and Pro Product adoption. Guidance for FY26 was raised, with new partnerships and automation milestones driving future growth.

Q1 2026 Q1 2026 2025-06-05

Q1 FY2026 saw 27% revenue growth, record operating margins, and strong expansion in enterprise, commercial, and pro product segments. Guidance for FY2026 remains robust, with prudent consideration of seasonality and macro factors.

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