ServiceTitan Q2 revenue growth decelerates despite Max rollout gains
TTAN•Outlook
- Q3 revenue outlook of $285 million-$287 million implies a sequential dip from Q2's $292.8 million
- Company sees full-year 2027 revenue of $1.139 bln to $1.144 bln
- ServiceTitan forecasts full-year 2027 non-GAAP income from operations of $152 mln to $154 mln
Overview
- U.S. trades software platform's fiscal Q2 revenue grew 21% yr/yr, beating analyst expectations
- Company posted GAAP net loss but generated over $50 mln non-GAAP free cash flow
- Growth driven by adoption of Agentic Operating System and AI investments
Result Drivers
- Agentic Operating System - Co said revenue growth was driven by momentum in delivering its Agentic Operating System to the trades
- AI investments - Co said investments in AI improved organizational velocity and contributed to results
- Max locations expansion - Co exceeded goal of doubling Max locations in Q2 and expects over 700 enrolled by year-end
