Highlights

  • Total revenues for the quarter ended September 30, 2026 were $161,262 thousand, compared with $139,027 thousand a year earlier.
  • Net loss was $1,306 thousand, or $0.02 per share, compared with $14,353 thousand, or $0.18 per share.
  • ARR was $607.1 million and Cloud ARR was $515.3 million at September 30, 2026, up 20% and 28%.
  • Management expects fiscal 2027 total revenue between $658.2 million and $662.2 million, with non-GAAP EPS of $1.64 to $1.68.

Intapp, Inc. (NASDAQ:INTA) shares were trading at USD 41.12 on October 28, 2026, down 4.26%, with a relative volume at time of 3.04. The software provider entered a revolving credit agreement on July 7, 2026 and filed its quarterly report for the fiscal first quarter ended September 30, 2026 on October 27, 2026.

Intapp is incorporated in Delaware and lists its principal executive offices in Palo Alto, California. The company provides AI-powered solutions for professional firms in highly regulated industries, including accounting, consulting, investment banking, legal, private capital and real assets firms. It generates revenues from subscription, license and professional services. Its fiscal year ends June 30, so the quarter ended September 30, 2026 is its first quarter of fiscal 2027. The company has one reportable segment and sells through a direct sales model with one-year or multi-year contract terms.

Fiscal First Quarter 2027 Results

Total revenues were $161,262 thousand, compared with $139,027 thousand. Subscription revenues were $125,488 thousand, license revenues were $23,030 thousand and professional services revenues were $12,744 thousand. Gross profit was $125,606 thousand, compared with $103,831 thousand, and the company stated a gross margin of 78%.

Operating expenses were $126,668 thousand, compared with $118,286 thousand. Sales and marketing expense was $57,783 thousand, compared with $48,786 thousand. The operating loss was $1,062 thousand, compared with an operating loss of $14,455 thousand. Net loss was $1,306 thousand, or $0.02 per share, compared with $14,353 thousand, or $0.18 per share.

The company reported ARR of $607.1 million, compared with $504.1 million a year earlier. Cloud ARR was $515.3 million, compared with $401.4 million, and represented 85% of ARR. Trailing twelve months Cloud net revenue retention was 123%, compared with 121%. Remaining performance obligations were $799.4 million. Research and development expense was $40,823 thousand and general and administrative expense was $28,062 thousand.

Cash Flow, Credit Facility and Repurchases

Net cash provided by operating activities was $28,419 thousand, compared with $13,795 thousand. Cash and cash equivalents were $147,694 thousand at September 30, 2026, compared with $273,437 thousand at June 30, 2026. Total assets were $687,030 thousand and total liabilities were $378,827 thousand.

During the quarter, Intapp repurchased approximately 0.6 million shares of its common stock for $25.0 million. At September 30, 2026, $50.0 million remained available under the repurchase program of up to $200.0 million that the Board authorized on January 29, 2026.

On July 7, 2026, the company entered into a credit agreement with UBS AG, Stamford Branch, for a five-year senior secured revolving credit facility of $150 million, with a letter of credit subfacility of up to $10 million.

Management Commentary

On the earnings call, management said non-GAAP gross margin was 80.4% and non-GAAP operating income was $35.4 million. It said the company launched Celeste to general availability in July. Management said clients generating at least $100,000 in ARR reached 908.

Fiscal 2027 Outlook

The 10-Q does not provide numerical guidance. On the earnings call, management provided guidance for the fiscal second quarter and full year 2027. For the second quarter, it expects total revenue between $158.8 million and $159.8 million, non-GAAP operating income between $31.8 million and $32.8 million and non-GAAP EPS between $0.37 and $0.39 on approximately 79 million diluted shares.

For fiscal 2027, management expects subscription revenue between $530.5 million and $534.5 million and total revenue between $658.2 million and $662.2 million. It expects non-GAAP operating income between $136.8 million and $140.8 million and non-GAAP EPS between $1.64 and $1.68, based on approximately 80 million diluted shares.