Q3 2026 ServiceTitan Inc Earnings Call Transcript
Key Points
- ServiceTitan Inc (TTAN) reported a 26% year-over-year growth in subscription revenue and a 25% increase in total revenue, surpassing expectations.
- The company achieved record free cash flow of $38 million in Q3, significantly up from $11 million in the prior year.
- ServiceTitan Inc (TTAN) continues to expand its ecosystem, with strong adoption of its Pro products driving subscription revenue growth.
- The company is leveraging AI to enhance its platform, with initiatives like the MAX program aimed at automating workflows and optimizing revenue and profit for customers.
- ServiceTitan Inc (TTAN) is seeing strong momentum in the commercial sector, with new functionalities and partnerships enhancing its end-to-end commercial platform.
- Q4 guidance indicates a sequential decline in revenue, partly due to one fewer business day compared to the previous year.
- The company is facing challenges in hiring, which has contributed to exceeding incremental margin targets.
- There is a need for further development in branding and market recognition in the commercial sector to match its residential reputation.
- ServiceTitan Inc (TTAN) is still in the early stages of its MAX program, with a cautious rollout to ensure customer success.
- The company acknowledges that its pricing and packaging for Pro products are not yet fully optimized, indicating room for improvement.
Good day, everyone, and welcome to ServiceTitan first -- third quarter 2026 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
Now it's my pleasure to turn the call over to the Vice President of Investor Relations, Jason Rechel. Please go ahead.
Thank you, operator, and welcome, everyone, to ServiceTitan's Fiscal Third Quarter 2026 Earnings Conference Call. With me are ServiceTitan Co-Founder and CEO, Ara Mahdessian; Co-Founder and President, Vahe Kuzoyan; and CFO, Dave Sherry. During today's call, we will review our fiscal third quarter 2026 results. We'll also discuss our guidance for the fourth fiscal quarter and full fiscal year 2026.
Before we get started, we want to draw your attention to the safe harbor statement included in today's press release and emphasize the information discussed on this call, including our guidance is based on information as of today and contains forward-looking statements that involve risks,
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