-- Fourth quarter SaaS revenue of $115.0 million, up 27% year-over-year
-- Cloud annual recurring revenue ("ARR") of $495.7 million, up 29%
year-over-year
-- Trailing twelve months' cloud net revenue retention rate as of June 30,
2026 was 123%
PALO ALTO, Calif.--(BUSINESS WIRE)--August 04, 2026--
Intapp, Inc. $(INTA)$, 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
-- SaaS revenue was $115.0 million, a 27% year-over-year increase compared
to the fourth quarter of fiscal year 2025.
-- Total revenue was $152.5 million, a 13% year-over-year increase
compared to the fourth quarter of fiscal year 2025.
-- Cloud ARR was $495.7 million as of June 30, 2026, a 29% year-over-year
increase compared to Cloud ARR as of June 30, 2025. Cloud ARR represented
84% of total ARR as of June 30, 2026, compared to 79% as of June 30,
2025.
-- Total ARR was $590.5 million as of June 30, 2026, a 22% year-over-year
increase compared to total ARR as of June 30, 2025.
-- GAAP operating loss was $(4.2) million, compared to a GAAP operating
loss of $(4.2) million in the fourth quarter of fiscal year 2025.
-- Non-GAAP operating income was $34.3 million, compared to a non-GAAP
operating income of $21.3 million in the fourth quarter of fiscal year
2025.
-- GAAP net loss was $(5.5) million, compared to a GAAP net loss of $(0.5)
million in the fourth quarter of fiscal year 2025.
-- Non-GAAP net income was $31.7 million, compared to a non-GAAP net
income of $23.0 million in the fourth quarter of fiscal year 2025.
-- GAAP net loss per share was $(0.07), compared to a GAAP net loss per
share of $(0.01) in the fourth quarter of fiscal year 2025.
-- Non-GAAP diluted net income per share was $0.41, compared to a non-GAAP
diluted net income per share of $0.27 in the fourth quarter of fiscal
year 2025.
Fiscal Year 2026 Financial Highlights
-- SaaS revenue was $422.8 million, a 27% year-over-year increase compared
to fiscal year 2025.
-- Total revenue was $577.8 million, a 15% year-over-year increase
compared to fiscal year 2025.
-- GAAP operating loss was $(40.1) million, compared to a GAAP operating
loss of $(27.4) million in fiscal year 2025.
-- Non-GAAP operating income was $108.6 million, compared to a non-GAAP
operating income of $75.6 million in fiscal year 2025.
-- GAAP net loss was $(41.3) million, compared to a GAAP net loss of
$(18.2) million in fiscal year 2025.
-- Non-GAAP net income was $103.6 million, compared to a non-GAAP net
income of $78.9 million in fiscal year 2025.
-- GAAP net loss per share was $(0.52), compared to a GAAP net loss per
share of $(0.23) in fiscal year 2025.
-- Non-GAAP diluted net income per share was $1.27, compared to a non-GAAP
diluted net income per share of $0.94 in fiscal year 2025.
-- Cash and cash equivalents were $162.8 million as of June 30, 2026,
compared to $313.1 million as of June 30, 2025.
-- For the fiscal year ended June 30, 2026, net cash provided by operating
activities was $146.8 million, compared to net cash provided by operating
activities of $123.5 million for the fiscal year ended June 30, 2025.
-- For the fiscal year ended June 30, 2026, we repurchased 8.4 million
shares of our common stock for an aggregate amount of $275.2 million,
including broker fees.
Business Highlights
-- As of June 30, 2026, we served more than 1,400 clients with contracts
greater than $50,000 of ARR, including 897 clients with contracts greater
than $100,000 of ARR. In addition, at fiscal year ended June 30, 2026, we
had 142 clients with more than $1.0 million of ARR, up from 109 such
clients at the prior fiscal year end.
-- We upsold and cross-sold our existing clients such that our trailing
twelve months' cloud net revenue retention rate as of June 30, 2026 was
123%.
-- We announced the availability of Intapp Celeste, our agentic coworker
for professional firms, advancing our Firm AI strategy by encoding firms'
methods into agents, putting their proprietary data to work, while
respecting the professional compliance requirements their clients and
regulators expect.
-- We continued to add new clients and expand existing accounts, including
Am Law 100 firm BakerHostetler, advisory firm Grant Thornton UK, and
software-focused private equity firm Hg.
-- We continued to develop our partner ecosystem, co-selling with
Microsoft on eight of our 10 largest deals in the fiscal year, and
expanding our partnership with Moody's to bring credit risk, entity
screening, and ownership data into Intapp Celeste.
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 $0.39 - $0.41 $1.58 - $1.62
share
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 Year Ended
June 30, 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 Year Ended
June 30, 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 Year Ended
June 30, 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 Year Ended
June 30, 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 Year Ended
June 30, 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 Year Ended
June 30, 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260804758750/en/
CONTACT: Investor Contact
David Trone
Senior Vice President, Investor Relations
Intapp, Inc.
ir@intapp.com
Media Contact
Emily Martinez
Global Media and Communications Director
Intapp, Inc.
press@intapp.com