{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Earnings Debate","title":"ServiceTitan, Inc. (TTAN) Announced Q2 2027 Earnings on September 8, 2026, Reporting \"Q2 total revenue of $292.8 million grew 21% year-over-year.\"","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/2abadc8e\"></iframe>","width":"100%","height":180,"duration":1081,"description":"ServiceTitan, Inc. reported its fiscal second quarter 2027 financial results.\nFor the quarter, the company reported that Q2 total revenue of $292.8 million grew 21% year-over-year.\nSubscription revenue for the quarter was $212.4 million, growing 22% year-over-year, and usage revenue for the quarter grew 24% year-over-year to $72.1 million.\nThe company reported that Q2 operating income of $44.4 million resulted in operating margin of 15.2%, representing an improvement of 310 basis points year-over-year.\nFree cash flow for the second quarter was $50.5 million, up 47% year-over-year, and year-to-date free cash flow was $40.9 million.\nAdditionally, net dollar retention was greater than 110% for the quarter, and gross transaction volume for the quarter was $26.8 billion, representing 17% year-over-year growth.In key business updates, management announced a significant executive transition.\nChief Revenue Officer Ross Biestman is stepping down from his operating role after helping scale the company from less than $30 million in annual recurring revenue to over $1 billion of annual normalized run rate revenue.\nRikus Pretorius, who has served as Senior Vice President of Worldwide Sales for over seven years, will step into the Chief Revenue Officer role in the fourth quarter.\nStrategically, the company decided to narrow its trade expansion scope to focus on existing commercial trades and residential roofing rather than expanding into new trades.\nThis prioritization allows the company to focus resources on its Max program and its software factory initiative to optimize development speed and internal efficiency.\nFor product and technology updates, the company reported accelerating adoption of its Max platform, which now features over thirty native agentic capabilities.\nThe company doubled the number of locations enrolled in Max during the first quarter and exceeded its goals in the second quarter, now forecasting to end the fiscal year with over 700 enrolled Max locations....","thumbnail_url":"https://img.transistorcdn.com/xJuh_6koFF8CKKFzV-oIB_PzOA86GyxN802qWUMHjC4/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS80ODli/Mjg2OGQ5YjVkMzU2/Yjg0NzMxNTJiZGRj/NzFjOC5qcGVn.webp","thumbnail_width":300,"thumbnail_height":300}