Intapp Reports 13% Revenue Growth to $146M, Net Loss of $15.5M for Quarter Ended March 31, 2026

Intapp, Inc. reported its financial results for the three and nine months ended March 31, 2026, revealing a total revenue of $146.0 million, a 13% increase from $129.1 million in the same period last year. The company's Software as a Service (SaaS) revenue was a significant contributor, rising by 27% to $107.9 million, while license revenue decreased by 22% to $24.8 million, reflecting a shift towards cloud solutions. Professional services revenue also saw a modest increase of 7%, totaling $13.4 million. Despite the revenue growth, Intapp recorded a net loss of $15.5 million for the quarter, compared to a loss of $3.0 million in the prior year, primarily due to increased operating expenses.

The company's operating expenses rose significantly, totaling $124.8 million for the quarter, up 22% from $102.1 million a year earlier. This increase was driven by higher research and development costs, which surged by 29% to $44.1 million, and sales and marketing expenses, which increased by 24% to $52.6 million. The rise in expenses reflects Intapp's ongoing investment in innovation and market expansion, particularly in its AI-powered solutions for professional services firms. The gross profit margin remained stable at 76%, indicating effective cost management despite the increased spending.

Intapp's customer base continues to expand, with over 1,375 enterprise clients as of March 31, 2026, compared to 1,250 a year earlier. The company reported a 31% increase in Cloud Annual Recurring Revenue (ARR), reaching $459.3 million, which now constitutes 82% of total ARR. This growth is attributed to both new client acquisitions and existing client expansions. The company also noted a strong Cloud Net Revenue Retention (NRR) rate of 123%, reflecting its ability to retain and grow revenue from existing customers.

In terms of strategic developments, Intapp has been active in restructuring efforts, particularly following its acquisition of Transform Data International B.V. The Netherlands Restructuring Plan, initiated in January 2026, aims to optimize operations and reduce costs, resulting in $3.5 million in restructuring costs during the quarter. Additionally, the company has repurchased approximately 3.9 million shares for $100 million as part of its ongoing stock repurchase program, which reflects its commitment to returning value to shareholders.

Looking ahead, Intapp remains focused on leveraging its AI capabilities to drive growth in the professional services sector. The company anticipates continued investment in research and development, as well as sales and marketing, to enhance its competitive position. With a strong cash position of $146.8 million and no outstanding borrowings under its credit facility, Intapp is well-positioned to support its growth initiatives and navigate the evolving market landscape.