ServiceTitan (NASDAQ: TTAN) reported a 25% year-over-year revenue growth for Q1 2027, totaling $268.8 million, driven by strong demand in residential and commercial trades, as well as an increase in gross transaction volume (GTV) to $21.7 billion, up 23%. The growth benefited from one additional business day and favorable weather conditions, particularly due to January ice storms.
Subscription revenue rose 24% to $202 million, while usage revenue increased by 29% to $58.5 million. The company’s operating margin improved to 15.2%, with an 81.3% platform gross margin. For Q2, ServiceTitan projects revenue between $284 million and $286 million, and for the full fiscal year, it expects total revenue of $1.13 billion to $1.14 billion, citing an increase in investments in its AI-focused Max platform.
During the quarter, ServiceTitan surpassed 2,000 customers with annualized billings over $100,000, representing over 60% of the company’s annualized billings. The number of locations using the Max platform doubled, and executives reported significant improvements in key performance metrics for customers adopting this technology.
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