Filing Flows › ServiceTitan (TTAN) › Q1 FY27
ServiceTitan (TTAN) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jun 5, 2026
ServiceTitan (TTAN) reported revenue of $269M for the first quarter fiscal 2027 (Q1 FY27), +25% from a year earlier and +6% from the quarter before. Operating margin was -9.6%, net loss $22.8M (8.5% of revenue).
ServiceTitan, Q1 FY27: revenue $269M (+25% year over year), operating margin -9.6%, net loss $22.8M, operating cash flow −$1.6M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $269M | +6% | +25% |
| Operating profit | −$25.8M | — | — |
| Net earnings | −$22.8M | — | — |
| Operating cash flow | −$1.6M | -104% | — |
What changed
Revenue was $268.8M in Q1 FY27, up 25% year over year and up 6% from the previous quarter. Subscription Revenue was the largest line at 75% of revenue. Subscription Revenue added $39.3M year over year (up 24%), 74% of the total change.
Gross margin was 72.1%, up 3.3 points from Q1 FY26. Operating costs exceeded revenue by $25.8M, an operating margin of -9.6%. Operating expenses grew 11% against revenue growth of 25%. The fastest-growing cost line was Research & development (+27%). The quarter ended with a net loss of $22.8M, narrower than the previous quarter's $41.7M loss.
Operating cash flow was −$1.6M. Non-cash charges added back $19.6M of depreciation and amortization and $54.6M of share-based compensation. Working capital and other items used $52.9M. Capital expenditures of $596K exceeded it, leaving free cash flow of −$2.2M.
Questions
What was ServiceTitan's revenue in the first quarter fiscal 2027?
ServiceTitan (TTAN) reported revenue of $269M for the first quarter fiscal 2027 (Q1 FY27), +25% from a year earlier and +6% from the quarter before.
Was ServiceTitan profitable in the first quarter fiscal 2027?
Operating loss was $25.8M (-9.6% of revenue) and net loss $22.8M.
Source: ServiceTitan 10-Q on SEC EDGAR.