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    Egor Tolmachev • Freedom Broker

    Egor Tolmachev's questions to ServiceTitan Inc (TTAN) leadership

    Egor Tolmachev's questions to ServiceTitan Inc (TTAN) leadership • Q1 2026

    Question

    Egor Tolmachev from Freedom Broker asked about the key drivers behind the strong gross margin performance, beyond the previously announced reclassification of customer success expenses.

    Answer

    CFO Dave Sherry detailed that of the 300 basis point expansion in total platform gross margin, approximately 200 basis points came from the CSM reclassification. The remaining ~100 basis points were from organic platform margin expansion, driven by scale and product selection. He guided for margins to remain comparable through the year.

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    Egor Tolmachev's questions to ServiceTitan Inc (TTAN) leadership • Q1 2026

    Question

    Egor Tolmachev of Freedom Broker asked what drove the strong gross margin performance beyond the reclassification of certain expenses.

    Answer

    CFO Dave Sherry explained that of the 300 basis point expansion in platform gross margin, about 200 bps came from a CSM reclassification and nearly 100 bps came from organic expansion due to scale and product selection. He expects margins to remain comparable for the year.

    Ask Fintool Equity Research AI