ServiceTitan reported fiscal third-quarter revenue of $249.2 million, an increase of 25% year-over-year. The company demonstrated significant operating leverage, with non-GAAP income from operations reaching $21.5 million, compared to $1.6 million in the prior-year period. Non-GAAP free cash flow also increased substantially to $37.7 million from $10.6 million.

Key Highlights

  • Non-GAAP operating margin expanded to 8.6% from 0.8% in the same quarter last year, driven by a significant increase in non-GAAP operating income to $21.5 million.
  • Total revenue growth accelerated slightly to 25% year-over-year, supported by a 22% increase in Gross Transaction Volume (GTV) to $21.7 billion.
  • The company generated $37.7 million in non-GAAP free cash flow, more than tripling the $10.6 million generated in the prior-year period.