Press Release: Intapp announces second quarter fiscal year 2026 financial results

Dow Jones
Feb 04
   --  Second quarter SaaS revenue of $102.5 million, up 28% year-over-year 
 
   --  Cloud annual recurring revenue ("ARR") of $433.6 million, up 31% 
      year-over-year 
 
   --  Trailing twelve months' cloud net revenue retention rate as of December 
      31, 2025 was 124% 
PALO ALTO, Calif.--(BUSINESS WIRE)--February 03, 2026-- 

Intapp, Inc. $(INTA)$, a leading global provider of AI-powered solutions for professionals at advisory, capital markets, and legal firms, announced financial results for its fiscal second quarter ended December 31, 2025. Intapp also provided its outlook for the third quarter and the full fiscal year 2026.

"I am pleased to report our strong second quarter which was supported by the addition of new clients and the expansion of existing client accounts," said John Hall, CEO of Intapp. "Our results reflect our proficiency in serving enterprise clients, our growing partner ecosystem, and demand for our new AI-driven solutions in the highly-regulated industries we serve."

Second Quarter of Fiscal Year 2026 Financial Highlights

   --  SaaS revenue was $102.5 million, a 28% year-over-year increase compared 
      to the second quarter of fiscal year 2025. 
 
   --  Total revenue was $140.2 million, a 16% year-over-year increase 
      compared to the second quarter of fiscal year 2025. 
 
   --  Cloud ARR was $433.6 million as of December 31, 2025, a 31% 
      year-over-year increase compared to Cloud ARR as of December 31, 2024. 
      Cloud ARR represented 81% of total ARR as of December 31, 2025, compared 
      to 76% as of December 31, 2024. 
 
   --  Total ARR was $535.0 million as of December 31, 2025, a 22% 
      year-over-year increase compared to total ARR as of December 31, 2024. 
 
   --  GAAP operating loss was $(7.2) million, compared to a GAAP operating 
      loss of $(10.2) million in the second quarter of fiscal year 2025. 
 
   --  Non-GAAP operating income was $27.7 million, compared to a non-GAAP 
      operating income of $18.9 million in the second quarter of fiscal year 
      2025. 
 
   --  GAAP net loss was $(5.9) million, compared to a GAAP net loss of 
      $(10.2) million in the second quarter of fiscal year 2025. 
 
   --  Non-GAAP net income was $27.6 million, compared to a non-GAAP net 
      income of $17.4 million in the second quarter of fiscal year 2025. 
 
   --  GAAP net loss per share was $(0.07), compared to a GAAP net loss per 
      share of $(0.13) in the second quarter of fiscal year 2025. 
 
   --  Non-GAAP diluted net income per share was $0.33, compared to a non-GAAP 
      diluted net income per share of $0.21 in the second quarter of fiscal 
      year 2025. 
 
   --  Cash and cash equivalents were $191.2 million as of December 31, 2025, 
      compared to $313.1 million as of June 30, 2025. 
 
   --  For the six months ended December 31, 2025, net cash provided by 
      operating activities was $36.7 million, compared to net cash provided by 
      operating activities of $49.7 million for the six months ended December 
      31, 2024. 
 
   --  For the six months ended December 31, 2025, we repurchased 3.4 million 
      shares of our common stock for an aggregate amount of $150.1 million, 
      including broker fees. 

Business Highlights

   --  As of December 31, 2025, we served more than 2,750 clients, 834 of 
      which each had contracts greater than $100,000 of ARR. 
 
   --  We upsold and cross-sold our existing clients such that our trailing 
      twelve months' cloud net revenue retention rate as of December 31, 2025 
      was 124%. 
 
   --  We continued to add new clients and expand existing accounts including 
      accounting firm Ostberg Sinclair and law firm Buchanan Ingersoll & 
      Rooney. 
 
   --  Intapp DealCloud was named Deal Origination Solution of the Year: 
      Credit at the 2025 Private Equity Wire U.S. Awards. 
 
                                                Fiscal 2026 Outlook 
                                      ---------------------------------------- 
                                        Third Quarter          Fiscal Year 
                                      ------------------    ------------------ 
                                        (in millions, except per share data) 
SaaS revenue                           $105.0 - $106.0       $415.0 - $419.0 
Total revenue                          $143.8 - $144.8       $570.3 - $574.3 
Non-GAAP operating income               $23.1 - $24.1         $99.9 - $103.9 
Non-GAAP diluted net income per         $0.27 - $0.29         $1.20 - $1.24 
share 
 

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 $28.7 million for the third quarter of fiscal year 2026 and $112.6 million for fiscal year 2026 and amortization of intangible assets of $2.9 million for the third quarter of fiscal year 2026 and $10.6 million for fiscal year 2026. The guidance regarding non-GAAP diluted net income per share excludes known pre-tax charges related to estimated stock-based compensation of $0.35 per share for the third quarter of fiscal year 2026 and $1.35 per share for fiscal year 2026 and amortization of intangible assets of $0.03 per share for the third quarter of fiscal year 2026 and $0.13 per share for fiscal year 2026. 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, February 3, 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 software helps professionals unlock their teams' knowledge, relationships, and operational insights to increase value for their firms. Using the power of Applied AI, we make firm and market intelligence easy to find, understand, and use. With Intapp's portfolio of vertical SaaS solutions, professionals can apply their collective expertise to make smarter decisions, manage risk, and increase competitive advantage. The world's top firms -- across accounting, consulting, investment banking, legal, private capital, and real assets -- trust Intapp's industry-specific platform and solutions to modernize and drive new growth.

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 third quarter and full fiscal year 2026, 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," "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 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 customers 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 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 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 December  Six Months Ended December 
                                31,                         31, 
                    ---------------------------  -------------------------- 
                      2025          2024           2025          2024 
                     -------       -------  ---   -------       ------- 
Revenues: 
   SaaS             $102,458      $ 79,976       $199,982      $156,852 
   License            25,449        28,017         54,636        56,509 
   Professional 
    services          12,301        13,216         24,617        26,653 
                     -------       -------  ---   -------       ------- 
     Total 
      revenues       140,208       121,209        279,235       240,014 
Cost of revenues: 
   SaaS               18,242        16,292         36,102        31,610 
   License             1,348         1,630          2,916         3,382 
   Professional 
    services          15,480        14,549         31,248        29,413 
                     -------       -------  ---   -------       ------- 
      Total cost 
       of 
       revenues       35,070        32,471         70,266        64,405 
                     -------       -------  ---   -------       ------- 
      Gross profit   105,138        88,738        208,969       175,609 
                     -------       -------  ---   -------       ------- 
        Gross 
         margin         75.0%         73.2%          74.8%         73.2% 
Operating 
expenses: 
   Research and 
    development       39,283        33,325         80,217        65,752 
   Sales and 
    marketing         46,691        40,791         95,477        78,551 
   General and 
    administrative    26,341        24,808         54,907        48,746 
                     -------       -------  ---   -------       ------- 
      Total 
       operating 
       expenses      112,315        98,924        230,601       193,049 
                     -------       -------  ---   -------       ------- 
      Operating 
       loss           (7,177)      (10,186)       (21,632)      (17,440) 
Interest and other 
 income (expense), 
 net                   1,915          (202)         2,974         3,220 
                     -------       -------        -------       ------- 
      Net loss 
       before 
       income 
       taxes          (5,262)      (10,388)       (18,658)      (14,220) 
Income tax 
 (expense) 
 benefit                (672)          171         (1,629)         (517) 
                     -------       -------  ---   -------       ------- 
      Net loss      $ (5,934)     $(10,217)      $(20,287)     $(14,737) 
                     =======       =======        =======       ======= 
Net loss per 
 share, basic and 
 diluted            $  (0.07)     $  (0.13)      $  (0.25)     $  (0.19) 
Weighted-average 
 shares used to 
 compute net loss 
 per share, basic 
 and diluted          81,048        78,118         81,465        76,861 
 
 
                               INTAPP, INC. 
                  CONDENSED CONSOLIDATED BALANCE SHEETS 
                         (Unaudited, in thousands) 
 
                                     December 31, 2025     June 30, 2025 
                                    -------------------  ----------------- 
Assets 
Current assets: 
   Cash and cash equivalents         $         191,152    $     313,109 
   Restricted cash                                 200              200 
   Accounts receivable, net                    119,318           89,667 
   Unbilled receivables, net                    15,465           19,462 
   Other receivables, net                        3,991            5,866 
   Prepaid expenses                             11,426           11,971 
   Deferred commissions, current                17,844           15,605 
                                        --------------       ---------- 
      Total current assets                     359,396          455,880 
Property and equipment, net                     24,715           23,157 
Operating lease right-of-use 
 assets                                         17,713           18,139 
Goodwill                                       326,101          326,260 
Intangible assets, net                          34,962           40,699 
Deferred commissions, noncurrent                20,873           20,761 
Other assets                                    11,419            9,265 
                                        --------------       ---------- 
      Total assets                   $         795,179    $     894,161 
                                        ==============       ========== 
Liabilities and Stockholders' 
Equity 
Current liabilities: 
   Accounts payable                  $          16,402    $      16,497 
   Accrued compensation                         36,885           51,654 
   Accrued expenses                              7,169           12,647 
   Deferred revenue, net                       283,073          256,994 
   Other current liabilities                    15,193           12,066 
                                        --------------       ---------- 
      Total current liabilities                358,722          349,858 
Deferred tax liabilities                         1,420            1,716 
Deferred revenue, noncurrent                     4,011            2,002 
Operating lease liabilities, 
 noncurrent                                     14,836           16,114 
Other liabilities                                5,941            4,706 
                                        --------------       ---------- 
      Total liabilities                        384,930          374,396 
                                        --------------       ---------- 
Stockholders' equity: 
Common stock                                        81               82 
Additional paid-in capital                   1,085,919        1,025,712 
Accumulated other comprehensive 
 loss                                               --             (630) 
Accumulated deficit                           (675,751)        (505,399) 
                                        --------------       ---------- 
      Total stockholders' equity               410,249          519,765 
                                        --------------       ---------- 
Total liabilities and 
 stockholders' equity                $         795,179    $     894,161 
                                        ==============       ========== 
 
 
                              INTAPP, INC. 
            CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 
                        (Unaudited, in thousands) 
 
                           Three Months Ended       Six Months Ended 
                              December 31,            December 31, 
                          ---------------------  ----------------------- 
                             2025       2024        2025       2024 
                           --------    -------    --------    ------- 
Cash Flows from 
Operating Activities: 
   Net loss               $  (5,934)  $(10,217)  $ (20,287)  $(14,737) 
   Adjustments to 
   reconcile net loss to 
   net cash provided by 
   operating 
   activities: 
      Depreciation and 
       amortization           4,649      4,372       9,221      8,839 
      Amortization of 
       operating lease 
       right-of-use 
       assets                 1,517      1,278       2,947      2,558 
      Accounts 
       receivable 
       allowances               361        273         828        823 
      Stock-based 
       compensation          30,697     25,411      57,984     45,400 
      Change in fair 
       value of 
       contingent 
       consideration             --         --         500     (1,004) 
      Deferred income 
       taxes                   (138)       (26)       (297)       (74) 
      Foreign currency 
      impact from 
      dissolution of 
      subsidiary                 --         --         799         -- 
      Asset impairments          --         --       1,351         -- 
      Other                      38         38          76         76 
      Changes in 
      operating assets 
      and liabilities: 
         Accounts 
          receivable        (58,714)   (23,742)    (30,150)     6,465 
         Unbilled 
          receivables, 
          current             2,126     (1,009)      3,997       (486) 
         Prepaid 
          expenses and 
          other assets        1,167     (2,433)      1,868     (5,001) 
         Deferred 
          commissions        (2,860)    (1,832)     (2,351)      (165) 
         Accounts 
          payable and 
          accrued 
          liabilities         2,577        185     (19,292)    (7,875) 
         Deferred 
          revenue, net       47,863     32,784      28,088     15,509 
         Operating lease 
          liabilities        (1,764)    (1,344)     (3,085)    (2,675) 
         Other 
          liabilities         1,296      1,501       4,479      2,032 
                           --------    -------    --------    ------- 
            Net cash 
             provided by 
             operating 
             activities      22,881     25,239      36,676     49,685 
                           --------    -------    --------    ------- 
Cash Flows from 
Investing Activities: 
   Purchases of property 
    and equipment              (664)       (62)     (1,222)      (416) 
   Capitalized 
    internal-use 
    software costs           (2,117)    (1,915)     (4,411)    (3,449) 
   Business 
    combinations, net of 
    cash acquired                --         --          (9)      (897) 
   Purchase of strategic 
    investments                  --         --      (2,990)        -- 
                           --------    -------    --------    ------- 
            Net cash 
             used in 
             financing 
             activities      (2,781)    (1,977)     (8,632)    (4,762) 
                           --------    -------    --------    ------- 
Cash Flows from 
Financing Activities: 
   Payments for deferred 
   offering costs                --         --          --         -- 
   Proceeds from stock 
    option exercises          5,332      9,666       8,134     32,584 
   Proceeds from 
    employee stock 
    purchase plan             2,153      1,970       2,153      1,970 
   Payments related to 
    tax withholding for 
    vested equity 
    awards                   (8,558)        --      (8,558)        -- 
   Payments of 
    contingent 
    consideration and 
    holdback associated 
    with acquisitions        (1,236)    (1,023)     (1,236)    (2,410) 
   Repurchases of common 
    stock                  (100,046)        --    (150,068)        -- 
                           --------    -------    --------    ------- 
            Net cash 
             (used in) 
             provided by 
             financing 
             activities    (102,355)    10,613    (149,575)    32,144 
                           --------    -------    --------    ------- 
Effect of foreign 
 currency exchange rate 
 changes on cash and 
 cash equivalents               (30)    (2,091)       (426)       194 
                           --------    -------    --------    ------- 
            Net 
             (decrease) 
             increase in 
             cash, cash 
             equivalents 
             and 
             restricted 
             cash           (82,285)    31,784    (121,957)    77,261 
Cash, cash equivalents 
 and restricted cash - 
 beginning of period        273,637    254,047     313,309    208,570 
                           --------    -------    --------    ------- 
Cash, cash equivalents 
 and restricted cash - 
 end of period            $ 191,352   $285,831   $ 191,352   $285,831 
                           ========    =======    ========    ======= 
 
 
                              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      Six Months Ended December 
                         December 31,                    31, 
                   -------------------------  -------------------------- 
                     2025          2024         2025          2024 
                    -------       ------       -------       ------- 
GAAP gross profit  $105,138      $88,738      $208,969      $175,609 
Adjusted to 
exclude the 
following: 
   Stock-based 
    compensation      2,647        2,702         5,035         4,934 
   Amortization 
    of intangible 
    assets            1,710        1,509         3,421         3,080 
   Restructuring 
    and other 
    costs                --           53            74            62 
                    -------       ------       -------       ------- 
Non-GAAP gross 
 profit            $109,495      $93,002      $217,499      $183,685 
                    =======       ======       =======       ======= 
Non-GAAP gross 
 margin                78.1%        76.7%         77.9%         76.5% 
 
 
Non-GAAP Operating 
 Expenses 
 
                      Three Months Ended      Six Months Ended 
                         December 31,           December 31, 
                      -------------------  ---------------------- 
                        2025       2024      2025       2024 
                       -------    ------    -------    ------- 
GAAP research and 
 development          $ 39,283   $33,325   $ 80,217   $ 65,752 
Stock-based 
 compensation           (8,634)   (6,800)   (16,621)   (11,424) 
Expenses associated 
 with 
 acquisition-related 
 contingent and 
 deferred 
 liabilities (1)          (605)       --     (1,680)        -- 
Restructuring and 
 other costs               (75)     (113)      (440)      (162) 
                       -------    ------    -------    ------- 
Non-GAAP research 
 and development      $ 29,969   $26,412   $ 61,476   $ 54,166 
                       =======    ======    =======    ======= 
 
GAAP sales and 
 marketing            $ 46,691   $40,791   $ 95,477   $ 78,551 
Stock-based 
 compensation           (9,284)   (7,232)   (17,177)   (12,970) 
Amortization of 
 intangible assets      (1,102)   (1,268)    (2,202)    (2,536) 
Expenses associated 
 with 
 acquisition-related 
 contingent and 
 deferred 
 liabilities (1)          (605)       --     (1,680)        -- 
Restructuring and 
 other costs                --        --        (46)        -- 
                       -------    ------    -------    ------- 
Non-GAAP sales and 
 marketing            $ 35,700   $32,291   $ 74,372   $ 63,045 
                       =======    ======    =======    ======= 
 
GAAP general and 
 administrative       $ 26,341   $24,808   $ 54,907   $ 48,746 
Stock-based 
 compensation          (10,132)   (8,677)   (19,151)   (16,072) 
Amortization of 
 intangible assets         (57)     (163)      (114)      (326) 
Expenses associated 
 with 
 acquisition-related 
 contingent and 
 deferred 
 liabilities (1)           (57)       --       (562)     1,004 
Transaction costs 
 (2)                         8      (530)      (561)      (664) 
Restructuring and 
 other costs               (10)      (64)      (133)      (236) 
Asset impairments 
 (3)                        --        --     (1,351)        -- 
                       -------    ------    -------    ------- 
Non-GAAP general and 
 administrative       $ 16,093   $15,374   $ 33,035   $ 32,452 
                       =======    ======    =======    ======= 
 
 
Non-GAAP Operating Income 
 
                         Three Months Ended      Six Months Ended 
                            December 31,           December 31, 
                         -------------------  ---------------------- 
                           2025      2024       2025       2024 
                          ------    -------    -------    ------- 
GAAP operating loss      $(7,177)  $(10,186)  $(21,632)  $(17,440) 
Adjusted to exclude the 
following: 
   Stock-based 
    compensation          30,697     25,411     57,984     45,400 
   Amortization of 
    intangible assets      2,869      2,940      5,737      5,942 
   Expenses associated 
    with 
    acquisition-related 
    contingent and 
    deferred 
    liabilities (1)        1,267         --      3,922     (1,004) 
   Transaction costs 
    (2)                       (8)       530        561        664 
   Restructuring and 
    other costs               85        230        693        460 
   Asset impairments 
   (3)                        --         --      1,351         -- 
                          ------    -------    -------    ------- 
Non-GAAP operating 
 income                  $27,733   $ 18,925   $ 48,616   $ 34,022 
                          ======    =======    =======    ======= 
 
 
Non-GAAP Net Income 
 
                         Three Months Ended      Six Months Ended 
                            December 31,           December 31, 
                         -------------------  ---------------------- 
                           2025      2024       2025       2024 
                          ------    -------    -------    ------- 
GAAP net loss            $(5,934)  $(10,217)  $(20,287)  $(14,737) 
Adjusted to exclude the 
following: 
   Stock-based 
    compensation          30,697     25,411     57,984     45,400 
   Amortization of 
    intangible assets      2,869      2,940      5,737      5,942 
   Expenses associated 
    with 
    acquisition-related 
    contingent and 
    deferred 
    liabilities (1)        1,267         --      3,922     (1,004) 
   Transaction costs 
    (2)                       (8)       530        561        664 
   Restructuring and 
    other costs               85        230        693        460 
   Foreign currency 
   impact from 
   dissolution of 
   subsidiary                 --         --        799         -- 
   Asset impairments 
   (3)                        --         --      1,351         -- 
   Income tax effect of 
    non-GAAP 
    adjustments           (1,425)    (1,489)    (2,549)    (2,513) 
                          ------    -------    -------    ------- 
Non-GAAP net income      $27,551   $ 17,405   $ 48,211   $ 34,212 
                          ======    =======    =======    ======= 
 
GAAP net loss per 
 share, basic and 
 diluted                 $ (0.07)  $  (0.13)  $  (0.25)  $  (0.19) 
                          ======    =======    =======    ======= 
Non-GAAP net income per 
 share, diluted          $  0.33   $   0.21   $   0.57   $   0.41 
                          ======    =======    =======    ======= 
 
Weighted-average shares 
 used to compute GAAP 
 net loss per share, 
 basic and diluted        81,048     78,118     81,465     76,861 
Weighted-average shares 
 used to compute 
 non-GAAP net income 
 per share, diluted       83,254     83,910     83,848     82,724 
 
 
Free Cash Flow 
 
               Three Months Ended 
                  December 31,     Six Months Ended December 31, 
               ------------------  ----------------------------- 
                 2025      2024         2025            2024 
                ------    ------       ------          ------ 
Net cash 
 provided by 
 operating 
 activities    $22,881   $25,239    $  36,676       $  49,685 
Adjusted for 
the following 
cash outlay: 
   Purchases 
    of 
    property 
    and 
    equipment     (664)      (62)      (1,222)           (416) 
                ------    ------       ------          ------ 
Free cash 
 flow          $22,217   $25,177    $  35,454       $  49,269 
                ======    ======       ======          ====== 
 
 
(1)  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. 
(2)  Consists of costs related to a legal settlement incurred in connection 
     with an acquisition, acquisition-related transaction costs and 
     acquisition termination costs. 
(3)  Consists of impairment costs related to capitalized cloud computing 
     implementation costs from our digital transformation initiative. 
 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260203192218/en/

 
    CONTACT:    Investor Contact 

David Trone

Senior Vice President, Investor Relations

Intapp, Inc.

ir@intapp.com

Media Contact

Ali Robinson

Global Media Relations Director

Intapp, Inc.

press@intapp.com

 
 

(END) Dow Jones Newswires

February 03, 2026 16:47 ET (21:47 GMT)

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