ServiceTitan Q1 revenue up 25% to $268.8M; launches AI pilot, eliminates $107M debt

Filed June 5, 2026 · Period ending April 30, 2026 · Compared to 10-Q Jun 12, 2025 · ~2 min read

Key Changes

• high

  Company piloted Max, a new AI-powered product bundling advanced automation with expert guidance. Separately added risk disclosures warning customers may resist AI adoption and that AI investments may not deliver anticipated benefits or could cost more than value derived.

  MD&A: Max AI pilot; Risk Factors: AI adoption verify on EDGAR →
• high

  Repaid $107M term loan in full and expanded revolving credit facility from $140M to $250M with maturity extended to 2031. Company ended Q1 FY2026 with zero debt outstanding, reducing quarterly interest expense by $1.9M.

  MD&A: Debt repayment and credit facility verify on EDGAR →
• high

  Platform revenue grew 25% YoY to $268.8M, with usage-based revenue accelerating to 29% growth (vs. 22% prior year) while subscription growth slowed to 24% (vs. 29% prior year). Net loss improved 51% to $22.8M from $46.4M.

  MD&A: Revenue and profitability verify on EDGAR →