and related employer
payroll taxes 13% 13% 13% 16%
Amortization of
acquired intangible
assets 6% 7% 6% 8%
Restructuring charges 0% 0% 0% 2%
Acquisition-related
items 0% (0)% 0% (0)%
Loss on operating
lease assets 4% 0% 7% 0%
---- ---- ---- ---- ---- ----
Non-GAAP operating margin 1% (3)% 3% (4)%
==== ==== === ==== ==== ===
Non-GAAP Net Income (Loss)
Three Months Ended Nine Months Ended
October 31, October 31,
------------------- ---------------------
2024 2023 2024 2023
-------- -------- --------- ---------
(in thousands)
GAAP net loss $(46,460) $(39,672) $(138,151) $(143,733)
Stock-based
compensation expense
and related employer
payroll taxes 25,784 20,330 70,762 73,838
Amortization of
acquired intangible
assets 11,473 11,533 34,483 34,991
Restructuring charges -- -- 2,496 7,643
Acquisition-related
items 6 (10) 2,183 (893)
Loss on operating
lease assets 8,347 -- 38,515 --
Income tax effects
related to the above
adjustments (1) (298) 632 (1,207) 1,508
------- ------- -------- --------
Non-GAAP net income
(loss) $ (1,148) $ (7,187) $ 9,081 $ (26,646)
======= ======= ======== ========
(1) This amount represents adjustments for the current and deferred income tax effects on non-GAAP net income (loss) for the impact of the non-GAAP adjustments above.
Free Cash Flow
Three Months Ended Nine Months Ended
October 31, October 31,
------------------ -------------------
2024 2023 2024 2023
------- -------- -------- --------
(in thousands)
Net cash provided
by (used in)
operating
activities $15,534 $ 418 $ 21,626 $(45,564)
Capitalized
internal-use
software (3,961) (3,784) (14,161) (12,831)
Purchase of
property and
equipment (1,002) (2,786) (2,803) (23,401)
Deposits for
property and
equipment - (54) - (344)
------ ------- ------- -------
Non-GAAP free
cash flow $10,571 $ (6,206) $ 4,662 $(82,140)
====== ======= ======= =======
Press Contact
Max Wertheimer
ServiceTitan, Inc.
press@servicetitan.com
Investor Contact
Jason Rechel
ServiceTitan, Inc.
investors@servicetitan.com
(END) Dow Jones Newswires
January 13, 2025 16:05 ET (21:05 GMT)
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