Upgrade to SI Premium - Free Trial

Intapp announces fourth quarter and fiscal year 2026 financial results

August 4, 2026 4:05 PM

PALO ALTO, Calif.--(BUSINESS WIRE)-- Intapp, Inc. (NASDAQ: INTA), the leading governed AI platform for professional firms in highly regulated industries, announced financial results for its fiscal fourth quarter and fiscal year ended June 30, 2026. Intapp also provided its outlook for the first quarter and the full fiscal year 2027.

“We are pleased to report strong fourth quarter results,” said John Hall, CEO of Intapp. “We had an exceptional year advancing our Firm AI strategy, agentic capabilities with Celeste, and unique competitive position for highly regulated firms, providing a strong foundation for continued execution as we enter into our new fiscal year.”

Fourth Quarter of Fiscal Year 2026 Financial Highlights

Fiscal Year 2026 Financial Highlights

Business Highlights

Fiscal 2027 Outlook

First Quarter

Fiscal Year

(in millions, except per share data)

Subscription revenue

$123.7 - $124.7

$528.7 - $532.7

Total revenue

$159.3 - $160.3

$656.5 - $660.5

Non-GAAP operating income

$33.4 - $34.4

$134.7 - $138.7

Non-GAAP diluted net income per share

$0.39 - $0.41

$1.58 - $1.62

Subscription revenue, also referred to as SaaS revenue on the condensed consolidated statements of operations for fiscal years 2026 and 2025.

The guidance provided above constitutes forward-looking statements and actual results may differ materially. Refer to the “Forward-Looking Statements” safe harbor section below for information on the factors that could cause our actual results to differ materially from these forward-looking statements.

The information presented in this press release includes non-GAAP financial measures such as “non-GAAP operating income,” “non-GAAP net income,” and “non-GAAP diluted net income per share.” Refer to “Non-GAAP Financial Measures and Other Metrics” for a discussion of these measures and the financial tables below for reconciliations of each non-GAAP financial measure to the most directly comparable GAAP financial measure.

The guidance regarding non-GAAP operating income excludes known pre-tax charges related to estimated stock-based compensation of $35.0 million for the first quarter of fiscal year 2027 and $138.4 million for fiscal year 2027 and amortization of intangible assets of $1.9 million for the first quarter of fiscal year 2027 and $7.4 million for fiscal year 2027. The guidance regarding non-GAAP diluted net income per share excludes known pre-tax charges related to estimated stock-based compensation of $0.44 per share for the first quarter of fiscal year 2027 and $1.71 per share for fiscal year 2027 and amortization of intangible assets of $0.02 per share for the first quarter of fiscal year 2027 and $0.09 per share for fiscal year 2027. The Company has not included a quantitative reconciliation of its guidance for non-GAAP operating income and non-GAAP diluted net income per share to their most directly comparable GAAP financial measures, other than stock-based compensation and amortization of intangible assets, because certain of these reconciling items, including expenses associated with acquisition-related contingent and deferred liabilities, transaction costs, restructuring and other costs, foreign currency impact from dissolution of subsidiary, asset impairments and income tax effect of non-GAAP adjustments, could be highly variable and cannot be reasonably predicted without unreasonable effort. This is due to the inherent difficulty of forecasting the timing of certain events that have not yet occurred and are out of the Company’s control and the amounts of associated reconciling items. Please note that the unavailable reconciling items could significantly impact the Company’s GAAP operating results.

Corporate Presentation

A supplemental financial presentation and other information will be accessible through Intapp’s investor relations website at https://investors.intapp.com/.

Webcast

Intapp will host a conference call for analysts and investors on Tuesday, August 4, 2026, beginning at 2:00 p.m. PT (5:00 p.m. ET). The call will be webcast live via the “Investors” section of the Intapp company website at https://investors.intapp.com/. A replay of the call will be available through the Intapp website for 90 days.

About Intapp

Intapp is the governed AI platform for professional firms in highly regulated industries. Intapp’s vertically tailored agentic solutions are built for the specialized workflows, complex relationship networks, and professional compliance requirements of accounting, consulting, investment banking, law, private capital, and real assets firms. By applying Firm AI to core processes and data, Intapp helps partners, dealmakers, and advisors drive firm growth, manage compliance, and improve profitability.

Forward-Looking Statements

This press release contains express and implied “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our financial outlook for the first quarter and full fiscal year 2027, growth strategy, business plans and market position. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “confident,” “would,” “should,” “could,” “can,” “predict,” “potential,” “target,” “explore,” “continue,” “expand,” “outlook” or the negative of these terms, and similar expressions intended to identify forward-looking statements. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond our control, that could cause actual results, performance, or achievement to differ materially and adversely from those anticipated or implied in the statements, including: our ability to continue our growth at or near historical rates; our future financial performance and ability to be profitable; the effect of global events on the U.S. and global economies, our business, our employees, our results of operations, our financial condition, demand for our products, sales and implementation cycles, and the health of our clients’ and partners’ businesses; our ability to compete in highly competitive markets, including AI products; our ability to manage the implementation of AI into our products and services and to comply with U.S. and global laws and regulations regarding AI; our ability to prevent and respond to data breaches, unauthorized access to client data or other disruptions of our solutions; our ability to effectively manage U.S. and global market and economic conditions, including inflationary pressures, economic and market downturns and volatility in the financial services industry, particularly adverse to our targeted industries; the effect on our clients of the imposition of additional tariffs, duties, or taxes, changes to existing trade agreements, and other charges or barriers to trade and any resulting impact to global stock markets, foreign currency exchange rates, and existing inflationary pressures; the length and variability of our sales cycle; our ability to attract and retain clients; our ability to attract and retain talent; our ability to manage additional complexity, burdens, and volatility in connection with our international sales and operations; the successful assimilation or integration of the businesses, technologies, services, products, personnel or operations of acquired companies; our ability to incur indebtedness in the future and the effect of conditions in credit markets; the sufficiency of our cash and cash equivalents to meet our liquidity needs; and our ability to maintain, protect, and enhance our intellectual property rights. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption “Risk Factors” and elsewhere in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, and any subsequent public filings. Moreover, we operate in a very competitive and rapidly changing environment, and new risks may emerge from time to time. It is not possible for us to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results or outcomes to differ materially from those contained in any forward-looking statements we may make. Forward-looking statements speak only as of the date the statements are made and are based on information available to us at the time those statements are made and/or management’s good faith belief as of that time with respect to future events. We assume no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law.

Non-GAAP Financial Measures and Other Metrics

This press release contains the following non-GAAP financial measures: non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP net income, and non-GAAP diluted net income per share. These non-GAAP measures exclude the impact of stock-based compensation, amortization of intangible assets, expenses associated with acquisition-related contingent and deferred liabilities, transaction costs, restructuring and other costs, foreign currency impact from dissolution of subsidiary, asset impairments and the income tax effect of non-GAAP adjustments. Stock-based compensation includes the net effects of capitalization and amortization of stock-based compensation related to capitalized internal-use software costs. See below for a reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure.

Free cash flow is a non-GAAP financial measure, and a supplemental liquidity measure that management uses to evaluate our core operating business and our ability to meet our current and future financing and investing needs. It consists of net cash provided by operating activities less cash paid for purchases of property and equipment. See below for a reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure.

Other metrics include total ARR, Cloud ARR and Cloud net revenue retention rate. Total ARR represents the annualized recurring value of all active SaaS and on-premise license contracts at the end of a reporting period. Cloud ARR is the portion of the annualized recurring value of our active SaaS contracts at the end of a reporting period. Contracts with a term other than one year are annualized by taking the committed contract value for the current period divided by number of days in that period, then multiplying by 365. Cloud net revenue retention rate is the portion of our net revenue retention rate, which represents the net revenue retention of our SaaS contracts. We calculate Cloud net revenue retention by starting with the Cloud ARR from the cohort of all clients as of the twelve months prior to the applicable fiscal period, or prior period Cloud ARR. We then calculate the Cloud ARR from these same clients as of the current fiscal period, or current period Cloud ARR. We then divide the current period Cloud ARR by the prior period Cloud ARR to calculate the Cloud net revenue retention.

We believe these non-GAAP financial measures and metrics provide useful information to investors as they are used by management to manage the business, make planning decisions, evaluate our performance, and allocate resources and provide useful information regarding certain financial and business trends relating to our financial condition and results of operations. These non-GAAP financial measures, which may be different than similarly-titled measures used by other companies, should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.

Guidance for non-GAAP financial measures excludes stock-based compensation expense, amortization of intangible assets, expenses associated with acquisition-related contingent and deferred liabilities, transaction costs, restructuring and other costs, foreign currency impact from dissolution of subsidiary, asset impairments and the income tax effect of non-GAAP adjustments. Non-GAAP diluted net income per share is calculated by dividing non-GAAP net income by the estimated diluted weighted average shares outstanding for the period.

INTAPP, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited, in thousands, except per share data and percentages)

Three Months Ended
June 30,

Year Ended
June 30,

2026

2025

2026

2025

Revenues:

SaaS

$

114,954

$

90,186

$

422,803

$

331,948

License

23,933

31,831

103,362

120,024

Professional services

13,646

13,022

51,640

52,148

Total revenues

152,533

135,039

577,805

504,120

Cost of revenues:

SaaS

19,283

18,207

74,383

66,714

License

1,444

1,363

5,807

6,256

Professional services

13,436

14,512

59,765

58,178

Total cost of revenues

34,163

34,082

139,955

131,148

Gross profit

118,370

100,957

437,850

372,972

Gross margin

77.6

%

74.8

%

75.8

%

74.0

%

Operating expenses:

Research and development

42,954

37,919

167,315

137,760

Sales and marketing

51,355

43,037

199,382

163,846

General and administrative

28,280

24,216

111,250

98,723

Total operating expenses

122,589

105,172

477,947

400,329

Operating loss

(4,219

)

(4,215

)

(40,097

)

(27,357

)

Interest and other income, net

53

4,615

2,861

11,219

Net (loss) income before income taxes

(4,166

)

400

(37,236

)

(16,138

)

Income tax expense

(1,362

)

(928

)

(4,074

)

(2,079

)

Net loss

$

(5,528

)

$

(528

)

$

(41,310

)

$

(18,217

)

Net loss per share, basic and diluted

$

(0.07

)

$

(0.01

)

$

(0.52

)

$

(0.23

)

Weighted-average shares used to compute net loss per share, basic and diluted

76,640

81,281

79,618

78,710

INTAPP, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited, in thousands)

June 30, 2026

June 30, 2025

Assets

Current assets:

Cash and cash equivalents

$

162,813

$

313,109

Restricted cash

200

200

Accounts receivable, net

102,850

89,667

Unbilled receivables, net

10,619

19,462

Other receivables, net

3,089

5,866

Prepaid expenses

14,856

11,971

Deferred commissions, current

20,751

15,605

Total current assets

315,178

455,880

Property and equipment, net

26,964

23,157

Operating lease right-of-use assets

19,788

18,139

Goodwill

326,101

326,260

Intangible assets, net

29,001

40,699

Deferred commissions, noncurrent

25,343

20,761

Other assets

11,283

9,265

Total assets

$

753,658

$

894,161

Liabilities and Stockholders’ Equity

Current liabilities:

Accounts payable

$

13,617

$

16,497

Accrued compensation

54,742

51,654

Accrued expenses

9,665

12,647

Deferred revenue, net

315,113

256,994

Other current liabilities

12,699

12,066

Total current liabilities

405,836

349,858

Deferred tax liabilities

757

1,716

Deferred revenue, noncurrent

2,556

2,002

Operating lease liabilities, noncurrent

15,863

16,114

Other liabilities

11,043

4,706

Total liabilities

436,055

374,396

Stockholders’ equity:

Common stock

76

82

Additional paid-in capital

1,141,116

1,025,712

Accumulated other comprehensive loss

(630

)

Accumulated deficit

(823,589

)

(505,399

)

Total stockholders’ equity

317,603

519,765

Total liabilities and stockholders’ equity

$

753,658

$

894,161

INTAPP, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited, in thousands)

Three Months Ended
June 30,

Year Ended
June 30,

2026

2025

2026

2025

Cash Flows from Operating Activities:

Net loss

$

(5,528

)

$

(528

)

$

(41,310

)

$

(18,217

)

Adjustments to reconcile net loss to net cash provided by operating activities:

Depreciation and amortization

3,847

4,680

17,764

17,672

Amortization of operating lease right-of-use assets

1,573

1,253

6,181

5,039

Accounts receivable allowances

(97

)

481

1,116

1,973

Stock-based compensation

30,888

19,971

119,983

88,086

Change in fair value of contingent consideration

(23

)

506

(1,027

)

Deferred income taxes

(577

)

833

(1,077

)

448

Foreign currency impact from dissolution of subsidiary

799

Asset impairments

1,209

2,560

Other

40

53

185

389

Changes in operating assets and liabilities:

Accounts receivable

(22,300

)

(30,268

)

(13,531

)

1,170

Unbilled receivables, current

1,438

(1,896

)

8,843

(6,162

)

Prepaid expenses and other assets

(307

)

(1,302

)

(53

)

(8,003

)

Deferred commissions

(5,886

)

(4,412

)

(9,728

)

(3,716

)

Accounts payable and accrued liabilities

8,290

14,683

(4,271

)

13,491

Deferred revenue, net

35,855

35,335

58,673

35,327

Operating lease liabilities

(2,517

)

(1,448

)

(7,428

)

(5,132

)

Other liabilities

326

931

7,635

2,191

Net cash provided by operating activities

46,254

38,343

146,847

123,529

Cash Flows from Investing Activities:

Purchases of property and equipment

(356

)

(878

)

(2,140

)

(1,673

)

Capitalized internal-use software costs

(1,875

)

(1,875

)

(8,343

)

(7,370

)

Business combinations, net of cash acquired

(50,935

)

(9

)

(51,832

)

Purchase of strategic investments

(2,000

)

(2,990

)

(2,000

)

Net cash used in investing activities

(2,231

)

(55,688

)

(13,482

)

(62,875

)

Cash Flows from Financing Activities:

Proceeds from stock option exercises

1,008

4,706

10,366

40,845

Proceeds from employee stock purchase plan

1,876

2,110

4,029

4,080

Payments related to tax withholding for vested equity awards

(5,883

)

(20,291

)

Payments of contingent consideration and holdback associated with acquisitions

(1,332

)

(1,669

)

(3,742

)

Repurchases of common stock

(25,022

)

(275,168

)

Net cash (used in) provided by financing activities

(28,021

)

5,484

(282,733

)

41,183

Effect of foreign currency exchange rate changes on cash and cash equivalents

(12

)

1,764

(928

)

2,902

Net increase (decrease) in cash, cash equivalents and restricted cash

15,990

(10,097

)

(150,296

)

104,739

Cash, cash equivalents and restricted cash - beginning of period

147,023

323,406

313,309

208,570

Cash, cash equivalents and restricted cash - end of period

$

163,013

$

313,309

$

163,013

$

313,309

INTAPP, INC.
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(Unaudited, in thousands, except per share data and percentages)

The following tables reconcile the specific items excluded from GAAP in the calculation of non-GAAP financial measures for the periods indicated below:

Non-GAAP Gross Profit

Three Months Ended
June 30,

Year Ended
June 30,

2026

2025

2026

2025

GAAP gross profit

$

118,370

$

100,957

$

437,850

$

372,972

Adjusted to exclude the following:

Stock-based compensation

1,869

2,356

9,552

9,909

Amortization of intangible assets

861

1,952

5,993

6,541

Restructuring and other costs (1)

(4

)

21

209

123

Non-GAAP gross profit

$

121,096

$

105,286

$

453,604

$

389,545

Non-GAAP gross margin

79.4

%

78.0

%

78.5

%

77.3

%

Non-GAAP Operating Expenses

Three Months Ended
June 30,

Year Ended
June 30,

2026

2025

2026

2025

GAAP research and development

$

42,954

$

37,919

$

167,315

$

137,760

Stock-based compensation

(9,796

)

(6,504

)

(36,281

)

(24,309

)

Expenses associated with acquisition-related contingent and deferred liabilities (2)

(551

)

(754

)

(3,246

)

(754

)

Restructuring and other costs (1)

(2,747

)

(375

)

(6,665

)

(546

)

Non-GAAP research and development

$

29,860

$

30,286

$

121,123

$

112,151

GAAP sales and marketing

$

51,355

$

43,037

$

199,382

$

163,846

Stock-based compensation

(9,437

)

(5,320

)

(35,641

)

(24,557

)

Amortization of intangible assets

(1,088

)

(1,122

)

(4,391

)

(4,696

)

Expenses associated with acquisition-related contingent and deferred liabilities (2)

(554

)

(754

)

(3,248

)

(754

)

Restructuring and other costs (1)

(73

)

(41

)

(146

)

(129

)

Non-GAAP sales and marketing

$

40,203

$

35,800

$

155,956

$

133,710

GAAP general and administrative

$

28,280

$

24,216

$

111,250

$

98,723

Stock-based compensation

(9,786

)

(5,791

)

(38,509

)

(29,311

)

Amortization of intangible assets

(29

)

(128

)

(199

)

(616

)

Expenses associated with acquisition-related contingent and deferred liabilities (2)

(24

)

23

(586

)

1,027

Transaction costs (3)

(312

)

(297

)

(936

)

(1,355

)

Restructuring and other costs (1)

(178

)

(111

)

(546

)

(347

)

Asset impairments (4)

(1,218

)

(2,569

)

Non-GAAP general and administrative

$

16,733

$

17,912

$

67,905

$

68,121

Non-GAAP Operating Income

Three Months Ended
June 30,

Year Ended
June 30,

2026

2025

2026

2025

GAAP operating loss

$

(4,219

)

$

(4,215

)

$

(40,097

)

$

(27,357

)

Adjusted to exclude the following:

Stock-based compensation

30,888

19,971

119,983

88,086

Amortization of intangible assets

1,978

3,202

10,583

11,853

Expenses associated with acquisition-related contingent and deferred liabilities (2)

1,129

1,485

7,080

481

Transaction costs (3)

312

297

936

1,355

Restructuring and other costs (1)

2,994

548

7,566

1,145

Asset impairments (4)

1,218

2,569

Non-GAAP operating income

$

34,300

$

21,288

$

108,620

$

75,563

Non-GAAP Net Income

Three Months Ended
June 30,

Year Ended
June 30,

2026

2025

2026

2025

GAAP net loss

$

(5,528

)

$

(528

)

$

(41,310

)

$

(18,217

)

Adjusted to exclude the following:

Stock-based compensation

30,888

19,971

119,983

88,086

Amortization of intangible assets

1,978

3,202

10,583

11,853

Expenses associated with acquisition-related contingent and deferred liabilities (2)

1,129

1,485

7,080

481

Transaction costs (3)

312

297

936

1,355

Restructuring and other costs (1)

2,994

548

7,566

1,145

Foreign currency impact from dissolution of subsidiary

799

Asset impairments (4)

1,218

2,569

Income tax effect of non-GAAP adjustments

(1,330

)

(1,929

)

(4,649

)

(5,762

)

Non-GAAP net income

$

31,661

$

23,046

$

103,557

$

78,941

GAAP net loss per share, basic and diluted

$

(0.07

)

$

(0.01

)

$

(0.52

)

$

(0.23

)

Non-GAAP net income per share, diluted

$

0.41

$

0.27

$

1.27

$

0.94

Weighted-average shares used to compute GAAP net loss per share, basic and diluted

76,640

81,281

79,618

78,710

Weighted-average shares used to compute non-GAAP net income per share, diluted

77,957

84,984

81,534

83,832

Free Cash Flow

Year Ended June 30,

2026

2025

Net cash provided by operating activities

$

146,847

$

123,529

Adjusted for the following cash outlay:

Purchases of property and equipment

(2,140

)

(1,673

)

Free cash flow

$

144,707

$

121,856

(1)

Consists of employee severance and related benefits and other costs primarily in connection with deferred consideration and contingent consideration as a result of acceleration and waiver of certain service and performance conditions. This also consists of reclassification of outstanding prior year accrual that was previously not included as a non-GAAP adjustment.

(2)

Consists of incremental costs, which may include, fair value adjustments on contingent liabilities and compensation expenses related to compensation arrangements entered into concurrent with the closing of an acquisition that will become payable, if at all, only upon the achievement of certain performance milestones.

(3)

Consists of costs related to a legal settlement incurred in connection with an acquisition, acquisition-related transaction costs and acquisition termination costs.

(4)

Consists of impairment costs related to capitalized cloud computing implementation costs from our digital transformation initiative and certain trade name intangible assets in connection with strategic rebranding initiatives.

Investor Contact

David Trone

Senior Vice President, Investor Relations

Intapp, Inc.

[email protected]



Media Contact

Emily Martinez

Global Media and Communications Director

Intapp, Inc.

[email protected]

Source: Intapp, Inc.

Categories

Business Wire Press Releases