SEC 10Q

ServiceTitan Q2 FY2027 revenue soars 28% to $312M, net loss narrows 15% YoY, but guidance misses on FX headwinds

ServiceTitan reported a solid Q2 FY2027 (quarter ended July 31, 2026) with revenue of $312.4M, up 28% YoY, beating consensus by 2%. The company continues to scale profitably, with non-GAAP operating margin improving to -8.2% from -12.5% a year ago. Strong performance in payments (TPV up 40%) and stable NRR of 115% highlight the stickiness of its platform. Cash flow from operations turned positive at $180M, a major milestone, and the balance sheet remains robust with $1.2B in cash. However, guidance for Q3 FY2027 of $315-$320M (24% YoY growth) fell short of the Street's $324M, primarily due to FX and longer sales cycles. Management also noted a 10% QoQ decline in new logo additions, reflecting macro softness in housing. Despite this, the company is investing heavily in AI features that are driving ARPU expansion, and international growth remains a key catalyst. The net sentiment is bullish given the beat and margin trajectory, but the guidance miss and macro headwinds temper enthusiasm.

Ticker

TTAN

Form

10-Q