FINANCE NOTE

ServiceTitan (NASDAQ: TTAN) — Q2 FY2027 Post Earnings

Operations

As of September 9, 2026
Q2 Revenue ↑ 21% YoY $292.8M
Divisions
Platform 97.2%
Professional services and other 2.8%

Key Earnings Driver: Max

Platform revenue increased 22% year over year to $284.5M. Within Platform, Subscription revenue increased 22% to $212.4M, and Usage revenue increased 24% to $72.1M. Within Subscription, the company exceeded its goal of doubling Max locations. Professional services and other revenue declined 12% to $8.3M.

Key Operating Metrics¹

METRIC

STATUS

Platform

Subscription

Max

🟢 Scaling

Usage

Product Mix

accounting software
dispatch software
field service crm
field service management software
inventory management software
marketing automation software
payment processing
scheduling software

Key Financial Metrics

Gross Margin 71.41% +0.65 pp YoY
Backlog / Rev. N/A
CapEx Intensity 2.56% 0.02x Revenue

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from ServiceTitan website and/or SEC filings for Q2, with status based on reported data.