ServiceTitan reported fiscal second quarter 2027 results with total revenue of $292.8 million, representing 21% year-over-year growth and exceeding analyst estimates. The company demonstrated significant operating leverage, generating $50.5 million in non-GAAP free cash flow while aggressively scaling its AI-powered "Max" operating system.
Key Highlights
- Total revenue grew 21% year-over-year to $292.8 million, driven by a 22% increase in platform subscription and usage fees.
- Non-GAAP free cash flow rose to $50.5 million, up from $34.3 million in the prior year period.
- Gross Transaction Volume (GTV) increased 17% year-over-year to $26.8 billion, though this figure trailed consensus expectations.
- The company doubled its enrolled "Max" locations during the quarter and now expects to exceed 700 locations by the end of the fiscal year.
- Net dollar retention remained healthy at over 110%, consistent with the prior year.