Intapp, Inc. reported a total revenue of $129.1 million for the three months ended March 31, 2025, marking a 17% increase from $110.6 million in the same period last year. The company's SaaS revenue was a significant contributor, rising 28% to $84.9 million, while license revenue saw a modest increase of 2% to $31.7 million. Professional services revenue, however, declined by 6% to $12.5 million. For the nine months ending March 31, 2025, total revenue reached $369.1 million, up 17% from $316.1 million in the prior year. Despite the revenue growth, Intapp reported a net loss of $2.95 million for the quarter, an improvement from a loss of $6.9 million in the same quarter of the previous year.
The company’s financial position showed notable improvements, with cash and cash equivalents increasing to $323.2 million as of March 31, 2025, compared to $208.4 million at the end of June 2024. Total assets rose to $813.5 million, up from $733.0 million, while total liabilities decreased slightly to $321.2 million from $329.8 million. The company’s stockholders' equity increased to $492.3 million, reflecting a strong capital position as it continues to invest in growth.
Intapp has been actively expanding its market presence, with a reported customer base of over 2,650 clients, including 748 clients with contracts exceeding $100,000 in annual recurring revenue (ARR). The company’s ARR reached $454.7 million, a 19% increase year-over-year, with cloud ARR growing by 28% to $351.8 million, representing 77% of total ARR. The company also announced plans to acquire TermSheet, LLC, a provider of software for real estate teams, for an initial purchase price of $60 million, which is expected to enhance its product offerings.
Operationally, Intapp has focused on increasing its workforce to support growth, with research and development expenses rising by 25% to $34.1 million for the quarter. Sales and marketing expenses also increased by 20% to $42.3 million, reflecting the company's commitment to expanding its market reach. The company reported a gross margin of 75% for the quarter, indicating effective cost management despite rising operational expenses.
Looking ahead, Intapp remains optimistic about its growth trajectory, driven by the increasing adoption of its cloud solutions and ongoing investments in innovation. The company anticipates continued revenue growth and plans to leverage its strong cash position to support strategic acquisitions and enhance its product offerings. However, it acknowledges potential risks related to market conditions and competition in the rapidly evolving technology landscape.
About Intapp, Inc.
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