ServiceTitan (TTAN) Q2 FY2027 earnings

Reported results

• Total revenue: $292.8 million in fiscal Q2 2027 vs. $242.1 million in fiscal Q2 2026, representing 21% year-over-year growth
• Non-GAAP income from operations: $44.4 million in fiscal Q2 2027 vs. $29.2 million in fiscal Q2 2026, with non-GAAP operating margin of 15.2% vs. 12.1%
• GAAP loss from operations: ($27.6) million in fiscal Q2 2027 vs. ($34.8) million in fiscal Q2 2026, with GAAP operating margin of (9.4)% vs. (14.4)%
• Non-GAAP free cash flow: $50.5 million in fiscal Q2 2027 vs. $34.3 million in fiscal Q2 2026
• Gross transaction volume (GTV): $26.8 billion in fiscal Q2 2027 vs. $22.9 billion in fiscal Q2 2026, representing 17% year-over-year growth
• Platform revenue: $284.5 million in fiscal Q2 2027 vs. $232.7 million in fiscal Q2 2026, representing 22% year-over-year growth

Guidance

• Fiscal Q3 2027 total revenue guidance: $285 million to $287 million
• Fiscal Q3 2027 non-GAAP income from operations guidance: $29 million to $30 million
• Full fiscal year 2027 total revenue guidance: $1,139 million to $1,144 million
• Full fiscal year 2027 non-GAAP income from operations guidance: $152 million to $154 million
• Company expects to end fiscal year 2027 with over 700 enrolled Max locations

Notes

The company adopted a fixed long-term projected non-GAAP tax rate of 18% effective February 1, 2026. The company is unable to provide GAAP guidance or reconciliation for Q3 2027 and full year 2027 due to difficulty estimating certain excluded items, particularly stock-based compensation expense.

Price and volatility reaction

The stock moved -30.0% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved +70.2 vol points across the event (constant-maturity series — not the front-week crush).

Source

The figures above come from the earnings release the company filed with the SEC on 2026-09-08 (8-K, Item 2.02). Read the original filing on sec.gov.