ServiceTitan inventory rises as Q3 income beats, outlook raised

NEW YORK – ServiceTitan Inc, a software program platform for the trades trade, reported third-quarter income that surpassed final 12 months’s figures and raised its full-year outlook, sending its shares up 2.2% in after-hours buying and selling.

The corporate reported income of $199.3 million for the third quarter ended October 31, 2024, a 24.6% enhance from $160 million in the identical interval final 12 months. Nevertheless, ServiceTitan’s adjusted loss per share widened to -$1.74 from -$1.53 YoY.

For the fourth quarter of fiscal 2025, ServiceTitan expects income between $199.0 million and $201.0 million. The corporate additionally raised its full-year fiscal 2025 income steerage to a spread of $761.6 million to $763.6 million.

ServiceTitan anticipates non-GAAP earnings 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 total fiscal 12 months 2025.

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