ServiceTitan Inc. (TTAN) delivered a solid quarter that had Wall Street reaching for their calculators to update their models. The company reported third-quarter results on Thursday that beat expectations on both the top and bottom lines, proving that building software for plumbers and electricians is surprisingly good business.
The numbers tell a compelling story. ServiceTitan posted earnings of 24 cents per share, sailing past the analyst consensus of 15 cents. That's a 60% beat, which is the kind of outperformance that gets investors' attention. Revenue came in at $249.2 million, comfortably ahead of the $238.5 million that Wall Street had penciled in.
Perhaps more importantly, the company felt confident enough to raise its full-year 2026 sales guidance from a range of $935-940 million up to $951-953 million. That's not a token increase—it signals management sees sustained momentum in the business.
Co-Founder and CEO Ara Mahdessian struck an optimistic tone in his commentary: "I am deeply humbled by how much progress we've made during our first year as a public company. While we've come a long way together, I have never been more confident that our opportunity to build the operating system for the trades is only just beginning."
The market liked what it heard. ServiceTitan shares jumped 15.8% to trade at $110.66 on Friday, a nice validation for a company still finding its footing in the public markets.
