ServiceTitan Q1 Revenue Rises 25% to $268.8M, GTV Hits $21.7B
TTAN•ServiceTitan reported fiscal Q1 revenue of $268.8 million, up 25% year-over-year, with gross transaction volume rising 23% to $21.7 billion. Non-GAAP operating income more than doubled to $40.8 million with a 15.2% margin, and the company forecast Q2 revenue of $284–286 million and full-year revenue of $1.13–1.14 billion.
1. Strong Q1 Financial Results
ServiceTitan delivered Q1 total revenue of $268.8 million, marking 25% year-over-year growth, while gross transaction volume climbed 23% to $21.7 billion as trade businesses processed more invoices through the platform.
2. Profitability Improvement
Non-GAAP operating income rose to $40.8 million from $16.2 million a year earlier, driving a 15.2% non-GAAP operating margin versus 7.5% previously, while GAAP loss from operations narrowed to $25.8 million.
3. Q2 and Full-Year Guidance
The company expects Q2 revenue of $284 million to $286 million and full-year revenue of $1.13 billion to $1.14 billion, with non-GAAP operating income projected at $38 million to $39 million for Q2 and $142 million to $147 million for the year.
4. Operational Advances
During Q1, ServiceTitan more than doubled the number of locations on its Max agentic AI platform, automated customer onboarding processes and optimized internal workflows to accelerate adoption and organizational velocity.
