Thu, Jun 12, 8:51 PM (32 days ago)
### Summary of ServiceTitan, Inc. (TTAN) Q1 2025 Financial Performance **Revenue and Profit Margins:** - **Total Revenue:** $215.7 million, up 27% YoY. - **Platform Revenue:** $208.0 million, up 27% YoY. - **Gross Profit:** $148.4 million, up 40% YoY. - **Gross Margin:** 68.8%, up from 62.2% YoY. - **Net Loss:** $46.4 million, improved from $56.0 million YoY. **Cash Flow:** - **Net Cash Used in Operating Activities:** $14.6 million, improved from $19.2 million YoY. - **Net Cash Used in Investing Activities:** $7.8 million, up from $6.6 million YoY. - **Net Cash Provided by (Used in) Financing Activities:** $0.4 million, improved from $(5.1) million YoY. **Earnings Changes:** - **Net Loss Per Share:** $(0.51), improved from $(2.02) YoY. **Quarterly Performance Discussion:** - **Revenue Growth:** Driven by subscription and usage-based revenue increases. - **Operating Expenses:** Increased across sales and marketing, R&D, and G&A. - **Cash Flow:** Improved operating cash flow but increased investing activities. **Trends and Uncertainties:** - **Seasonality:** Higher demand expected in Q2 due to summer months. - **Economic Factors:** Sensitivity to economic conditions and industry trends. - **Technological Advances:** Continuous investment in AI and machine learning. **Future Operations Impact:** - **Growth Strategy:** Focus on expanding customer base and increasing GTV. - **Operational Efficiency:** Continued investment in R&D and marketing. - **Financial Health:** Strong cash position but monitoring debt and liquidity. **Note:** Amounts are in thousands, 000s.