ServiceTitan Q2 Revenue Growth Slows to 21%, Guides Q3 Below Estimates
TTAN sits 23% above its 52-week low of $54.17 on elevated volume (2.8× avg).
Summary
ServiceTitan's Q2 revenue grew 21% YoY to $292.8M, beating consensus but decelerating from Q1's 25% growth. The company guided Q3 revenue to $285M-$287M, implying a sequential decline and missing analyst expectations. Full-year 2027 revenue guidance of $1.139B-$1.144B and non-GAAP operating income of $152M-$154M were provided. Despite a GAAP net loss of $24.92M, the company generated over $50M in non-GAAP free cash flow. Growth was driven by the Agentic Operating System and AI investments, with Max locations expansion exceeding goals. The stock trades at 58x forward earnings, and the deceleration plus soft Q3 guide may pressure the premium valuation.
At the time of this announcement, TTAN was trading at $66.65 on NASDAQ in the Technology sector, with a market capitalization of approximately $7.8B. The 52-week trading range was $54.17 to $119.99. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.