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ServiceTitan stock rises as Q3 revenue beats, outlook raised

Published 01/14/2025, 05:26 AM
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NEW YORK - ServiceTitan Inc, a software platform for the trades industry, reported third-quarter revenue that surpassed last year's figures and raised its full-year outlook, sending its shares up 2.2% in after-hours trading.

The company reported revenue of $199.3 million for the third quarter ended October 31, 2024, a 24.6% increase from $160 million in the same period last year. However, ServiceTitan's adjusted loss per share widened to -$1.74 from -$1.53 YoY.

For the fourth quarter of fiscal 2025, ServiceTitan expects revenue between $199.0 million and $201.0 million. The company also raised its full-year fiscal 2025 revenue guidance to a range of $761.6 million to $763.6 million.

ServiceTitan anticipates non-GAAP income from operations for the fourth quarter to be between $3.0 million and $4.0 million, and between $21.4 million and $22.4 million for the full fiscal year 2025.

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