Intapp Reports 16% Revenue Growth to $140.2 Million in Q2 FY 2026

Intapp, Inc. reported its financial results for the second quarter of fiscal year 2026, revealing a total revenue of $140.2 million for the three months ended December 31, 2025, marking a 16% increase from $121.2 million in the same period last year. The company's Software as a Service (SaaS) revenue was a significant contributor, rising by 28% to $102.5 million, compared to $80.0 million in the prior year. However, the company recorded a net loss of $5.9 million, an improvement from a net loss of $10.2 million in the same quarter of the previous year. For the six months ended December 31, 2025, total revenue reached $279.2 million, up from $240.0 million, while the net loss increased to $20.3 million from $14.7 million.

The company experienced notable changes in its operational metrics, with its Annual Recurring Revenue (ARR) increasing by 22% year-over-year to $535.0 million. Cloud ARR, which represents the annualized recurring value of active SaaS contracts, grew by 31% to $433.6 million, accounting for 81% of total ARR. Intapp's client base expanded to over 2,750 clients, with 834 clients having contracts exceeding $100,000 in ARR, up from 728 clients in the previous year. The company also reported a trailing twelve-month Cloud Net Revenue Retention (NRR) of 124%, indicating strong customer retention and expansion.

Strategically, Intapp has focused on enhancing its product offerings and expanding its market presence. The company finalized the acquisition of TermSheet, LLC, which is expected to bolster its capabilities in the financial services sector. Additionally, Intapp has continued to invest in research and development, with expenses rising to $39.3 million for the quarter, reflecting a commitment to innovation and growth. The company also repurchased approximately 2.3 million shares of its common stock for $100 million during the quarter, as part of its ongoing stock repurchase program.

Despite the positive revenue growth, Intapp's operating expenses increased significantly, driven by higher costs in research and development, sales and marketing, and general administrative functions. Total operating expenses for the quarter were $112.3 million, up from $98.9 million in the prior year. The increase in expenses is attributed to investments in personnel and stock-based compensation, as well as costs associated with the integration of acquired businesses. The company reported a gross profit margin of 75%, consistent with the previous year, indicating effective cost management in its revenue-generating activities.

Looking ahead, Intapp remains optimistic about its growth trajectory, with a focus on expanding its SaaS offerings and enhancing customer engagement. The company anticipates continued investment in innovation and market expansion, supported by its strong cash position of $191.2 million as of December 31, 2025. Intapp's management believes that its existing cash reserves, along with its credit facility, will be sufficient to meet its operational needs and support future growth initiatives.