Intapp, Inc. (NASDAQ: INTA), a leading provider of AI-driven solutions for advisory, capital markets, and legal firms, has announced impressive financial results for its second quarter of fiscal year 2026, which ended on December 31, 2025. The results reflect a robust performance, fueled by an expanding client base and increasing demand for its innovative solutions in highly-regulated industries.

1. Financial Highlights

Intapp's financial results indicate significant growth across various key metrics:

SaaS Revenue: The company reported SaaS revenue of $102.5 million, marking a substantial 28% increase year-over-year compared to the same quarter in fiscal year 2025.

Total Revenue: Total revenue for the quarter was $140.2 million, representing a 16% year-over-year increase.

Cloud ARR: As of December 31, 2025, Cloud Annual Recurring Revenue (ARR) stood at $433.6 million, a remarkable 31% increase year-over-year, making up 81% of total ARR, up from 76% the previous year.

Total ARR: Total ARR reached $535.0 million, reflecting a 22% year-over-year increase.

Operating Losses: The GAAP operating loss was $(7.2) million, an improvement from the $(10.2) million loss reported in Q2 of fiscal year 2025.

Net Loss: GAAP net loss was $(5.9) million, compared to a loss of $(10.2) million in the same period last year.

Per Share Performance: GAAP net loss per share improved to $(0.07) from $(0.13) in the previous year. Non-GAAP diluted net income per share was $0.33, up from $0.21.

In terms of cash flow, Intapp reported $191.2 million in cash and cash equivalents as of December 31, 2025, down from $313.1 million as of June 30, 2025. The company generated $36.7 million in net cash from operating activities during the six months ended December 31, 2025, compared to $49.7 million in the previous year. Notably, Intapp repurchased 3.4 million shares of its common stock for approximately $150.1 million during this period.

2. Business Growth and Client Expansion

Intapp's growth is underscored by its expanding client base and strong retention rates. The company served more than 2,750 clients as of December 31, 2025, including 834 clients with contracts exceeding $100,000 in ARR. The trailing twelve months’ cloud net revenue retention rate was a robust 124%, driven by successful upselling and cross-selling initiatives.

Key client additions included accounting firm Ostberg Sinclair and law firm Buchanan Ingersoll & Rooney. Additionally, Intapp's DealCloud platform was recognized as the Deal Origination Solution of the Year: Credit at the 2025 Private Equity Wire U.S. Awards, further validating the effectiveness of its offerings in the market.

3. Fiscal 2026 Outlook

Looking ahead, Intapp provided optimistic guidance for the third quarter and the full fiscal year:

Third Quarter Projections:

SaaS Revenue: $105.0 - $106.0 million

Total Revenue: $143.8 - $144.8 million

Non-GAAP Operating Income: $23.1 - $24.1 million

Non-GAAP Diluted Net Income per Share: $0.27 - $0.29

Fiscal Year Projections:

SaaS Revenue: $415.0 - $419.0 million

Total Revenue: $570.3 - $574.3 million

Non-GAAP Operating Income: $99.9 - $103.9 million

Non-GAAP Diluted Net Income per Share: $1.20 - $1.24

4. Conclusion

Intapp's strong Q2 results for fiscal year 2026 highlight the company's strategic focus on AI-driven solutions and its growing footprint in the advisory and legal sectors. With a solid outlook for the upcoming quarters, Intapp continues to demonstrate its resilience and capacity for growth amidst a dynamic market landscape. As the company navigates the complexities of highly-regulated industries, its commitment to innovation and client satisfaction remains paramount.

Original press release