Intapp, Inc. reported a significant increase in its financial performance for the fiscal year ending June 30, 2025, with total revenues reaching $504.1 million, a 17% increase from $430.5 million in the previous fiscal year. The company's gross margin improved to 74%, up from 71% in fiscal 2024. Despite this revenue growth, Intapp recorded a net loss of $18.2 million, a reduction from a net loss of $32.0 million in the prior year. The company attributed its losses to ongoing investments in research and development, sales, and marketing, as well as increased general and administrative expenses.
The company experienced notable changes in its revenue streams, particularly in its Software as a Service (SaaS) segment, which generated $331.9 million, marking a 28% increase from the previous year. This growth was driven by new client acquisitions and expansions within existing accounts. The number of clients with contracts exceeding $1 million in annual recurring revenue rose to 109, a 49% increase year-over-year. Intapp's total client count surpassed 2,700, reflecting its strong market presence in the accounting, consulting, investment banking, legal, private capital, and real assets sectors.
Strategically, Intapp completed the acquisition of TermSheet, LLC, a software provider for real estate teams, in April 2025, which is expected to enhance its offerings in the commercial real estate sector. The acquisition aligns with Intapp's strategy to expand its product capabilities and market reach. The company also reported a robust cash position of $313.1 million as of June 30, 2025, which it plans to utilize for further investments and potential acquisitions.
Operationally, Intapp's cloud-based solutions continue to gain traction, with Cloud Annual Recurring Revenue (ARR) increasing by 29% to $383.1 million, representing 79% of total ARR. The company reported a Cloud Net Revenue Retention (NRR) rate of 120%, indicating strong client retention and expansion. Intapp's workforce grew to 1,336 employees, reflecting its commitment to scaling operations to meet increasing demand.
Looking ahead, Intapp remains optimistic about its growth trajectory, driven by the ongoing adoption of its cloud solutions and the integration of advanced AI capabilities into its offerings. The company plans to continue investing in product development and expanding its market presence, particularly among larger enterprise clients. However, it acknowledges potential risks, including economic fluctuations and competitive pressures, which could impact its future performance.
About Intapp, Inc.
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