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ServiceTitan (TTAN) earnings and revenue breakdown

Latest: Q2 FY27 · 10-Q filed Sep 8, 2026 · ServiceTitan (TTAN) Q2 FY27 earnings results →

Q2 FY27 Revenue up 21% year over year to $293M · 9¢ of every $1 of revenue lost · operating margin -9.4%

ServiceTitan made $293M in Q2 FY27 (+21% Y/Y): Platform Revenue $284M, Professional Services and Other Revenue $8.3M. Operating margin -9.4%, net loss $24.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Sep 8, 2026.

Revenue$293M
Year over year+21%
Operating margin-9.4%
Net earnings−$24.9M
Operating cash flow$58.0M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $292.8M in Q2 FY27, up 21% year over year and up 9% from the previous quarter. Subscription Revenue was the largest line at 73% of revenue. Subscription Revenue added $37.6M year over year (up 22%), 74% of the total change. Professional Services and Other Revenue declined 12%.

Gross margin was 71.4%, up 0.6 points from Q2 FY26. Operating costs exceeded revenue by $27.6M, an operating margin of -9.4%. Operating expenses grew 15% against revenue growth of 21%. The fastest-growing cost line was Research & development (+38%). The quarter ended with a net loss of $24.9M, wider than the previous quarter's $22.8M loss.

Operating cash flow was $58.0M (up 44% year over year). Non-cash charges added back $19.9M of depreciation and amortization and $60.6M of share-based compensation. Capital expenditures of $1.1M left free cash flow of $56.9M.

Quarterly history

ServiceTitan revenue by quarterServiceTitan revenue by quarter$209MQ4 FY25$216MQ1 FY26$242MQ2 FY26$249MQ3 FY26$254MQ4 FY26$269MQ1 FY27$293MQ2 FY27
ServiceTitan net earnings by quarterServiceTitan net earnings by quarter−$101MQ4 FY25−$46.4MQ1 FY26−$32.2MQ2 FY26−$39.5MQ3 FY26−$41.7MQ4 FY26−$22.8MQ1 FY27−$24.9MQ2 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 FY2710-QSep 8, 2026$293M+21%-9.4%−$24.9M$58.0M
Q1 FY2710-QJun 5, 2026$269M+25%-9.6%−$22.8M−$1.6M
Q4 FY2610-KMar 25, 2026$254M+21%-16.8%−$41.7M$40.6M
Q3 FY2610-QDec 9, 2025$249M+25%-16.9%−$39.5M$43.8M
Q2 FY2610-QSep 10, 2025$242M+26%-14.4%−$32.2M$40.3M
Q1 FY2610-QJun 12, 2025$216M+27%-23.0%−$46.4M−$14.6M
Q4 FY2510-KApr 2, 2025$209M+29%-47.7%−$101M$15.4M

Charts

ServiceTitan: revenue growth, year over year and quarter over quarterServiceTitan: revenue growth, year over year and quarter over quarterY/YQ/Q+29%Q4 FY25+27%+3%Q1 FY26+26%+12%Q2 FY26+25%+3%Q3 FY26+21%+2%Q4 FY26+25%+6%Q1 FY27+21%+9%Q2 FY27
Latest (Q2 FY27): Y/Y +21%, Q/Q +9%.
ServiceTitan: where the cash came from (+) and went (−), TTM to Q2 FY27ServiceTitan: where the cash came from (+) and went (−), TTM to Q2 FY27Operating cash flow$141MOther financing−$106MOther investing−$42.6MShares issued$20.1MCash drawn (+) / kept (−)−$7.8MCapital spending−$4.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
ServiceTitan: profit against cash, quarter by quarterServiceTitan: profit against cash, quarter by quarterNet incomeOperating cash flow−$46.5M$15.5MQ3 FY25−$101M$15.4MQ4 FY25−$46.4M−$14.6MQ1 FY26−$32.2M$40.3MQ2 FY26−$39.5M$43.8MQ3 FY26−$41.7M$40.6MQ4 FY26−$22.8M−$1.6MQ1 FY27−$24.9M$58.0MQ2 FY27
Latest (Q2 FY27): Net income −$24.9M, Operating cash flow $58.0M.
ServiceTitan: diluted shares by fiscal year (split-adjusted)ServiceTitan: diluted shares by fiscal year (split-adjusted)61MFY2367MFY2484MFY2592MFY26
+51.9% since FY23: more shares outstanding (issuance, stock pay); earlier years scaled for the 2-for-1 split before FY26.
ServiceTitan: long-term debt falling due (FY25)ServiceTitan: long-term debt falling due (FY25)$1.1M2026$1.1M2027$105M2028
Cash $442M, short-term investments —, long-term debt $104M at 2025-01-31.
ServiceTitan in its industry: growth against margin (192 companies, SIC 7372)ServiceTitan in its industry: growth against margin (192 companies, SIC 7372)revenue growth, year over year →↑ operating marginmedian +12%median 0%MSFTORCLCRMADBEXYZINTUNOWSHOPCRWVSNPSPLTRADSKElectronic Arts Inc.TEAMSSNCCDNSRBLXTWLOSNOWTTWOCRWDGENDDOGHUBSVEEVDOCUOKTANETMDBNTNXPTCTYLDBXUDTPAYCMBLYESTCPCTYZETARBRKACIWBSYGWREPATHPCORTDCOCTVFIGKVYOCOURBILLBOXCVLTDUOLSAILGTMMANHLIMEAPPFCCCYOUBLKBSGTLBALRMTENBWKPRGSFRSHAPPNBANDNAVNBRZEQTWONTSKASANCXMVERXRPDSPSCBLFSLYVRNSQLYSFROGMQBBINTANCNOEVCMNABLVIAALKTAVPTSPTPDGDYNXPERAMPLDDDSKILCERTCCSICMRCMKTWHUCKCRNCPDFSWEAVSOUNINSEXZODHIIIVLiveperson IncAIMRDNMYPSUPLDKLTRBLZELAWDRTTFBBAIMAPSCCLDEXFYRDVTSSTIEGANNTWKRCATSNALFDCTSVCOMCHXAEYEZDGEADBTWFCFAISPDUOTIDNPDYNQUBTZSPCROCFATNAWRESMSIINLXBLINMSGMGEGSEGGMYSZCXAIGXAIPARAAITXBKYICYABAPCXSPAIDSNYEXYNIDAIATDSIVDAVPRBSKKYUMEWAIFFAUIDGlobal Arena Holding, Inc.ATHRVIDAQXLLIVGUPYYFNGRSVMBTransparentBusiness, Inc.SWMRAMSTTransit Pro Tech Inc.PXLWDNKCDPLSGYGYTTAN (+21%, -9%)
Services-Prepackaged Software; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About ServiceTitan

ServiceTitan is AI for the trades — a purpose-built agentic operating system designed to automate the workflows that run a contracting business, from enterprise commercial construction to residential field service, exteriors and beyond. The company’s end-to-end solution gives contractors the tools they need to run and grow their business, while providing a stellar customer experience. Learn how ServiceTitan is equipping tradespeople with the AI technology they need to keep the world running at: www.servicetitan.com .

In its own words, from its 8-K, filed Sep 8, 2026.

ServiceTitan against its Services-Prepackaged Software peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +21% against the peers' median +19%. Operating margin: -9.4% against the peers' median 15.2%.

CompanyQuarterRevenueY/YOp. margin
TTAN ServiceTitanQ2 FY27$293M+21%-9.4%
MSFT MicrosoftQ1 FY27$92.3B+19%49.8%
ORCL OracleQ1 FY27$19.3B+30%34.8%
CRM SalesforceQ2 FY27$11.3B+11%20.5%
ADBE AdobeQ3 FY26$6.8B+13%34.8%
XYZ BlockQ3 2026$6.7B+10%6.4%
INTU IntuitQ4 FY26$4.4B+14%10.9%
NOW ServiceNowQ3 2026$4.1B+20%9.4%
SHOP ShopifyQ3 2026$3.7B+32%15.2%

Source: ServiceTitan 10-Q on SEC EDGAR · CIK 1638826 · Services-Prepackaged Software

Guidance and outlook

ServiceTitan Revenue: guidance against what was reportedServiceTitan Revenue: guidance against what was reportedguided rangereported (above / within / below)Q4 FY25$209MFY25$772MQ1 FY26$216MFY26$961M
Met or beat 4 of 4 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.

13F: who owns TTAN and who is buying

Largest holders of TTAN (13F)Largest holders of TTAN (13F)Vanguard Group$519MBlackRock$367MFMR LLC$359MKayne Anderson Rudnick Investment…$265MMillennium Management LLC$222MVanguard Capital Management LLC$195MVanguard Portfolio Management LLC$190MBattery Management$183MCitadel Advisors LLC$139MJericho Capital Asset Management …$137M
Funds' net buying of TTAN by quarter (13F)Funds' net buying of TTAN by quarter (13F)$3.5B2024-12$254M2025-03−$1.9B2025-06$637M2025-09$213M2025-12$244M2026-03$728M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on TTAN

History

Every quarter: Q2 FY27 results · Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results

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中文版：ServiceTitan（TTAN）财报

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