Intapp, Inc. (NASDAQ: INTA), a premier provider of AI-powered solutions specifically tailored for advisory, capital markets, and legal firms, has announced its financial results for the first quarter of fiscal year 2026, which ended on September 30, 2025. The results reflect a robust performance, underscoring the company’s commitment to growth and innovation, particularly in its generative AI offerings.

1. Financial Highlights: A Strong Start

Intapp reported several key financial metrics that demonstrate significant growth compared to the previous fiscal year:

SaaS Revenue: The company achieved SaaS revenue of $97.5 million, marking a 27% increase year-over-year.

Total Revenue: Total revenue reached $139.0 million, a 17% rise from the same quarter last year.

Cloud Annual Recurring Revenue (ARR): As of September 30, 2025, Cloud ARR stood at $401.4 million, up 30% year-over-year, representing 80% of total ARR.

Total ARR: Total ARR increased by 21% year-over-year to $504.1 million.

Operating Loss: GAAP operating loss was $(14.5) million, a decrease from $(7.3) million in the first quarter of fiscal year 2025.

Non-GAAP Operating Income: Non-GAAP operating income rose to $20.9 million, compared to $15.1 million in the same period last year.

Net Loss: The GAAP net loss was $(14.4) million, versus $(4.5) million in the prior year, while non-GAAP net income improved to $20.7 million from $16.8 million.

Cash Position: Cash and cash equivalents decreased to $273.4 million from $313.1 million as of June 30, 2025.

Operating Cash Flow: Net cash provided by operating activities was $13.8 million, down from $24.4 million a year earlier.

Share Repurchase: In an effort to return value to shareholders, Intapp repurchased 1.1 million shares for $50 million during the quarter.

2. Business Developments: Expanding Client Base and Capabilities

The first quarter also saw Intapp making strides in its business operations:

Client Base Growth: Intapp served 2,750 clients, including 813 with contracts exceeding $100,000 in ARR.

Revenue Retention: The company posted a cloud net revenue retention rate of 121%, indicating strong upselling and cross-selling to existing clients.

New Partnerships: Intapp announced strategic partnerships with Alphastream and Lexsoft, which are expected to enhance its service offerings.

Product Launch: The launch of the Intapp Time Horizon release introduced advanced generative AI capabilities aimed at maximizing revenue and payment velocity for client firms.

3. Outlook for Fiscal Year 2026: Sustained Growth Expected

Looking ahead, Intapp has provided a positive outlook for the second quarter and the entire fiscal year 2026:

Second Quarter Projections:

SaaS Revenue: Estimated at $100.0 - $101.0 million

Total Revenue: Expected to be between $137.6 - $138.6 million

Non-GAAP Operating Income: Projected at $21.4 - $22.4 million

Non-GAAP Diluted Net Income per Share: Anticipated to be between $0.25 - $0.27

Full Fiscal Year Projections:

SaaS Revenue: Forecasted at $412.0 - $416.0 million

Total Revenue: Expected to range from $569.3 - $573.3 million

Non-GAAP Operating Income: Projected at $97.7 - $101.7 million

Non-GAAP Diluted Net Income per Share: Anticipated to be between $1.15 - $1.19

4. Conclusion: A Promising Future Ahead

John Hall, CEO of Intapp, expressed optimism regarding the company’s growth trajectory. "We are pleased to start the fiscal year—our fifth as a public company—announcing further growth in our generative AI offerings,” Hall stated. The strong performance in the first quarter coupled with promising projections for the upcoming quarters indicates that Intapp is well-positioned to leverage its innovative solutions in the evolving landscape of professional services.

As the company continues to enhance its product portfolio and expand its client base, stakeholders will be keenly watching how Intapp navigates its growth strategy in the coming months.

Original press release