ServiceTitan Q1 revenue beats estimates on Max product expansion
ServiceTitan Q1 revenue beats estimates on Max product expansion
Overview
US trades software platform's fiscal Q1 revenue rose 25% yr/yr, beating analyst expectations
Company posted a GAAP net loss but improved operating margin from prior year
Non-GAAP income from operations more than doubled yr/yr, driven by growth initiatives
Outlook
ServiceTitan expects Q2 2027 revenue of $284 mln to $286 mln
Company sees full-year 2027 revenue between $1,130 mln and $1,140 mln
ServiceTitan expects Q2 2027 non-GAAP income from operations of $38 mln to $39 mln
Result Drivers
MAX PRODUCT EXPANSION - Co more than doubled the number of locations on Max in Q1 and expects to double again in Q2, per President Vahe Kuzoyan
PROCESS AUTOMATION - Co said it is optimizing internal processes and automating customer onboarding to improve efficiency
CUSTOMER MOMENTUM - Co said customers are off to a strong start in fiscal year 2027, per CEO Ara Mahdessian
Company press release: ID:nGNXbfWF1t
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | Beat | $268.8 mln | $256.67 mln (17 Analysts) |
Q1 Net Income |
| -$22.82 mln |
|
Q1 Basic EPS |
| -$0.24 |
|
Q1 Gross Profit |
| $193.79 mln |
|
Q1 Income from Operations |
| -$25.8 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for ServiceTitan Inc is $100.00, about 37.7% above its June 3 closing price of $72.63
The stock recently traded at 52 times the next 12-month earnings vs. a P/E of 66 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)