10-Q · May 5, 2026
Intapp, Inc. delivered strong Q3 FY2026 results with revenues of $146.0 million, slightly surpassing estimates of $144.3 million, marking a 13% increase year-over-year. The company reported a diluted EPS of -$0.20,…
Earnings analysis · 10-K
INTA earnings analysis
Filed August 13, 2026 · Our reading of the company's report
The latest report
Intapp delivered strong top-line and cloud-quality growth in fiscal 2026, with revenue up 15%, SaaS revenue up 27%, Cloud ARR up 29% and 123% cloud net revenue retention. The business is strategically repositioning…
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Intapp delivered strong top-line and cloud-quality growth in fiscal 2026, with revenue up 15%, SaaS revenue up 27%, Cloud ARR up 29% and 123% cloud net revenue retention. The business is strategically repositioning toward a vertically tailored AI platform and shifting mix away from declining license revenue toward SaaS. However, operating and net losses widened, stock-based compensation remained substantial, and the $275.2 million buyback reduced cash to $162.8 million, leaving the outlook balanced between strong recurring-growth indicators and execution, AI, and capital-allocation risks.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.52
What stood out
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Vertical AI platform strategy
Intapp describes its strategy as delivering vertically tailored, AI-powered SaaS for accounting, consulting, investment banking, legal, private capital and real-assets firms. The company launched Intapp Celeste, an agentic AI coworker, and intends to continue investing in AI, research and development, sales and marketing, and complementary acquisitions.
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Cloud growth and retention remain strong
Cloud ARR increased 29% to $495.7 million as of June 30, 2026, representing 84% of total ARR versus 79% in the prior year. Cloud net revenue retention was 123%, indicating strong expansion, cross-selling and upselling within the installed base.
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Revenue and gross-margin expansion
Fiscal 2026 revenue rose 15% to $577.8 million from $504.1 million in fiscal 2025 and $430.5 million in fiscal 2024. Gross margin expanded to 76% from 74% and 71%, respectively, although the operating margin was negative 7% in fiscal 2026.
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Mix is shifting toward SaaS
SaaS revenue grew 27% to $422.8 million in fiscal 2026, while license revenue declined 14% to $103.4 million as clients migrated to SaaS. Professional services revenue was essentially flat at $51.6 million, consistent with the strategy to de-emphasize company-delivered services and increase partner involvement.
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International markets are contributing
Growth was broad geographically: U.S. revenue increased to $391.7 million from $339.0 million, U.K. revenue to $94.0 million from $79.1 million, and rest-of-world revenue to $92.1 million from $86.0 million. No country other than the U.S. and U.K. represented at least 10% of total revenue.
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Strong cash generation funded buybacks
Operating cash flow increased to $146.8 million from $123.5 million in fiscal 2025 and $67.2 million in fiscal 2024, supported in part by a $58.7 million increase in deferred revenue. The company repurchased approximately 8.4 million shares for $275.2 million, while cash and cash equivalents declined to $162.8 million from $313.1 million.
What to watch
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AI execution and regulatory risk
The company is increasing its dependence on AI adoption while acknowledging that competitors may embed AI more successfully and that AI output can create accuracy, bias, privacy, security, data-provenance and intellectual-property risks. The EU AI Act is gradually coming into effect and may require additional quality-assurance controls for certain AI systems.
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New secured debt constraints
On July 7, 2026, after year-end, Intapp entered a new five-year $150 million senior secured revolving facility. The agreement gives the lender a first-priority lien over substantially all assets and restricts debt, acquisitions, investments, distributions and stock repurchases, although no amounts were borrowed as of July 7, 2026.
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Profitability remains unresolved
The company remains loss-making despite revenue growth: fiscal 2026 net loss was $41.3 million and GAAP diluted EPS was negative $0.52, versus net losses of $18.2 million and $32.0 million in fiscal 2025 and 2024. Stock-based compensation rose to $120.0 million, equal to 21% of revenue, while the company states it expects to continue incurring losses in the near term.
Management's outlook
The 10-K does not provide numeric annual or quarterly guidance; quantitative FY2027 outlook was provided separately in the Q4 earnings release and call.
Earlier filings 4
10-Q · February 3, 2026
Intapp reported Q2 revenue of $140.208M, up $18.999M (+15.7% YoY) driven by SaaS, with gross margin expanding to 75.0% and operating loss narrowing to $(7.177)M. Cash declined materially to $191.152M as the company…
10-Q · November 4, 2025
Intapp reported quarterly revenue of $139,027,000, up $20,222,000 (+17.0%) year‑over‑year, driven by SaaS strength, but GAAP results deteriorated with an operating loss of $14,455,000 and net loss per share of $(0.18).…
10-Q · November 7, 2024
Intapp reported revenues of $118.8M for the three months ended September 30, 2024, up from $101.6M a year earlier, with gross profit rising to $86.9M (73.1% margin). Operating loss narrowed to $(7.3)M and GAAP EPS…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.