ServiceTitan, Inc. — Form 8-K
Filed September 8, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 48/100
What the filing says
For the quarter ended July 31, 2026, ServiceTitan reported total revenue of $292.8M (up 21% YoY from $242.1M), platform revenue of $284.5M (up 22%), and non-GAAP free cash flow of $50.5M (up 47% from $34.3M). Non-GAAP operating income was $44.4M (15.2% margin) vs. $29.2M (12.1%) prior year. GTV grew 17% to $26.8B. The company raised FY2027 outlook: total revenue $1,139–$1,144M (vs. prior $1,130–$1,140M implied), non-GAAP operating income $152–$154M. Max locations (AI feature) exceeded doubling target, expected to exceed 700 by fiscal year-end.
Why this rating
Strong organic growth (21% revenue, 47% FCF growth) and margin expansion (15.2% non-GAAP operating margin, up 310bps) are positive. However, still GAAP unprofitable (-$27.6M operating loss). At ~$6B market cap, $50.5M quarterly FCF and $293M quarterly revenue are material but not transformational. Execution on AI (Max) is progressing but not yet a step-change. Guidance raise modest relative to prior expectations.
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