Intapp Reports Strong Fourth Quarter and Fiscal Year 2026 Results as AI Strategy and Cloud Growth Drive Record Performance
Intapp, Inc. (NASDAQ: INTA) has reported strong financial results for the fourth quarter and full fiscal year ended June 30, 2026, highlighting continued momentum in cloud adoption, annual recurring revenue (ARR) growth, and artificial intelligence innovation. The company also issued financial guidance for the first quarter and full fiscal year 2027, signaling confidence in its ability to sustain growth through its expanding software platform and AI-powered solutions for professional services firms.
The company, which provides a governed AI platform for organizations operating in highly regulated industries, delivered double-digit revenue growth across its cloud business while continuing to expand its customer base, strengthen strategic partnerships, and invest heavily in next-generation AI capabilities through its recently launched Intapp Celeste platform.
CEO Highlights Strong Execution and AI Innovation
John Hall, Chief Executive Officer of Intapp, said the company concluded fiscal 2026 on a high note, citing strong operational execution and significant progress in advancing its artificial intelligence strategy.
According to Hall, Intapp made substantial progress throughout the year by expanding its Firm AI strategy, introducing advanced agentic AI capabilities through Intapp Celeste, and reinforcing its competitive advantage in serving professional firms operating in highly regulated sectors such as legal, accounting, consulting, private equity, and financial services.
He noted that the company’s investments in AI, cloud technology, and customer success have created a solid foundation for continued growth as Intapp enters fiscal 2027.
Fourth Quarter Revenue Continues Double-Digit Growth
During the fourth quarter of fiscal 2026, Intapp generated total revenue of $152.5 million, representing a 13% increase compared with the same quarter of fiscal 2025.
Growth was primarily driven by continued expansion of the company’s Software-as-a-Service (SaaS) business.
SaaS revenue reached $115.0 million, increasing 27% year over year, highlighting accelerating customer migration toward cloud-based subscription offerings.
Subscription revenue now represents the largest contributor to Intapp’s overall revenue base, reflecting the company’s ongoing transformation into a cloud-first software provider.
Cloud Annual Recurring Revenue Reaches Nearly $500 Million
One of the strongest indicators of Intapp’s long-term growth continues to be its recurring subscription business.
As of June 30, 2026, Cloud Annual Recurring Revenue (Cloud ARR) reached $495.7 million, representing a 29% increase from one year earlier.
Cloud ARR accounted for 84% of total annual recurring revenue, compared with 79% at the end of fiscal 2025.
The continued shift toward cloud subscriptions demonstrates strong customer adoption of Intapp’s SaaS platform and provides greater visibility into future revenue streams.
Total ARR Continues Strong Expansion
Total Annual Recurring Revenue reached $590.5 million, increasing 22% compared with fiscal year-end 2025.
The strong ARR growth reflects:
- Continued customer acquisitions.
- Expansion within existing client accounts.
- Increased cloud adoption.
- Higher subscription renewals.
- Successful cross-selling of additional software modules.
Recurring revenue remains a key indicator of customer satisfaction and long-term business stability.
Profitability Improves on a Non-GAAP Basis
Although Intapp continued to report a GAAP operating loss, its underlying operating performance improved significantly.
GAAP operating loss remained $4.2 million, unchanged from the same quarter last year.
However, non-GAAP operating income increased substantially to $34.3 million, compared with $21.3 million during the fourth quarter of fiscal 2025.
The improvement reflects stronger revenue growth, operating leverage, and continued expansion of higher-margin subscription services.
Net Income Performance
For the fourth quarter, Intapp reported a GAAP net loss of $5.5 million, compared with a net loss of $0.5 million in the prior-year period.
GAAP diluted loss per share was $0.07, compared with $0.01 one year earlier.
The increase in GAAP losses primarily reflects ongoing investments in stock-based compensation, product development, and other non-cash expenses.
On an adjusted basis, profitability improved considerably.
Non-GAAP net income reached $31.7 million, compared with $23.0 million during the same quarter last year.
Non-GAAP diluted earnings per share increased to $0.41, up from $0.27 during the fourth quarter of fiscal 2025.
These results demonstrate continued improvements in operational efficiency despite significant investments in innovation.
Fiscal Year 2026 Delivers Broad-Based Growth
For the full fiscal year ended June 30, 2026, Intapp generated total revenue of $577.8 million, representing 15% year-over-year growth.
Annual SaaS revenue increased even faster.
Subscription revenue reached $422.8 million, growing 27% compared with fiscal 2025.
The company’s continued expansion illustrates growing demand for cloud-native software solutions designed specifically for professional firms operating under strict regulatory and compliance requirements.
Annual Profitability Improves Despite Continued Investment
For fiscal year 2026:
- GAAP operating loss totaled $40.1 million, compared with $27.4 million in fiscal 2025.
- Non-GAAP operating income increased to $108.6 million, compared with $75.6 million during the previous fiscal year.
Similarly, GAAP net loss increased to $41.3 million, compared with $18.2 million in fiscal 2025.
GAAP diluted loss per share widened to $0.52, versus $0.23 during the prior year.
However, adjusted profitability continued improving.
Non-GAAP net income reached $103.6 million, increasing from $78.9 million one year earlier.
Non-GAAP diluted earnings per share rose to $1.27, compared with $0.94 during fiscal 2025.
Management emphasized that non-GAAP results better reflect the underlying operating performance of the business by excluding stock-based compensation, amortization of acquired intangible assets, acquisition-related expenses, and other non-recurring items.
Operating Cash Flow Remains Strong
Intapp continued generating healthy operating cash flow throughout fiscal 2026.
Net cash provided by operating activities totaled $146.8 million, compared with $123.5 million during fiscal 2025.
The increase demonstrates the company’s ability to convert recurring subscription revenue into strong cash generation.
Cash and cash equivalents totaled $162.8 million as of June 30, 2026.
While this balance declined from $313.1 million reported one year earlier, the reduction was largely driven by the company’s aggressive share repurchase program.
Significant Share Repurchase Program
During fiscal 2026, Intapp returned substantial capital to shareholders through stock buybacks.
The company repurchased approximately 8.4 million shares of common stock.
Total expenditures under the repurchase program reached $275.2 million, including broker fees.
Management indicated that the buyback reflects confidence in Intapp’s long-term growth prospects while enhancing shareholder value.
Customer Base Continues to Expand
Intapp continued adding new enterprise customers while deepening relationships with existing clients.
As of June 30, 2026:
- More than 1,400 customers generated contracts exceeding $50,000 in annual recurring revenue.
- 897 customers generated contracts exceeding $100,000 ARR.
- 142 customers produced more than $1 million in ARR, compared with 109 customers one year earlier.
Growth in larger enterprise accounts demonstrates increasing adoption of Intapp’s platform among global professional firms.
Existing Customers Continue Expanding Usage
Customer expansion remained another major growth driver.
The company reported a trailing twelve-month cloud net revenue retention rate of 123%.
This means existing cloud customers, on average, increased their spending by 23% over the previous year through:
- Additional software deployments.
- User expansion.
- Cross-selling.
- Upselling.
- Adoption of new AI capabilities.
A net revenue retention rate above 120% is widely viewed as an indicator of strong customer satisfaction and product value.
Intapp Celeste Advances Firm AI Strategy
One of the year’s most significant milestones was the commercial launch of Intapp Celeste, the company’s new AI-powered agentic coworker for professional firms.
Celeste represents the next stage of Intapp’s Firm AI strategy.
Unlike general-purpose AI assistants, Celeste has been specifically designed for organizations operating within highly regulated industries where compliance, confidentiality, governance, and data security are critical.
The platform enables firms to:
- Encode institutional knowledge.
- Automate professional workflows.
- Utilize proprietary business data securely.
- Improve productivity while maintaining regulatory compliance.
- Enhance client service through AI-powered assistance.
Management believes Celeste provides a meaningful competitive differentiator as AI adoption accelerates across professional services industries.
Major Client Wins Continue
Throughout fiscal 2026, Intapp secured several notable customer additions while expanding existing client relationships.
New and expanded customer engagements included:
- International law firm BakerHostetler, one of the Am Law 100 firms.
- Professional advisory organization Grant Thornton UK.
- Software-focused private equity investment firm Hg.
These customer wins further strengthen Intapp’s position across legal, accounting, advisory, investment, and financial services markets.
Strategic Partnerships Drive Growth
Intapp also continued expanding its ecosystem of technology partnerships.
One of the most significant collaborations remains its relationship with Microsoft.
Management reported that Microsoft participated in eight of Intapp’s ten largest sales opportunities during fiscal 2026.
The partnership enables organizations to integrate Intapp’s governed AI platform with Microsoft’s enterprise cloud technologies.
Additionally, Intapp expanded its partnership with Moody’s, bringing enhanced capabilities into Intapp Celeste.
The integration provides customers with access to:
- Credit risk intelligence.
- Entity screening.
- Ownership data.
- Compliance information.
These capabilities further strengthen Celeste’s value proposition for firms operating in highly regulated environments.
First Quarter Fiscal 2027 Guidance
For the first quarter, management expects:
- Subscription revenue between $123.7 million and $124.7 million.
- Total revenue between $159.3 million and $160.3 million.
- Non-GAAP operating income between $33.4 million and $34.4 million.
- Non-GAAP diluted earnings per share between $0.39 and $0.41.
Full Fiscal Year 2027 Guidance
For the full fiscal year, Intapp forecasts:
- Subscription revenue between $528.7 million and $532.7 million.
- Total revenue between $656.5 million and $660.5 million.
- Non-GAAP operating income between $134.7 million and $138.7 million.
- Non-GAAP diluted earnings per share between $1.58 and $1.62.
The outlook reflects management’s expectation of continued demand for its cloud software platform, growing AI adoption, and expanding enterprise customer relationships.
Continued Investment in Growth
The company noted that its forward-looking guidance excludes several non-cash and acquisition-related expenses, including stock-based compensation, amortization of acquired intangible assets, restructuring costs, transaction expenses, foreign currency impacts, and other items that are difficult to predict.
Management emphasized that while these expenses affect GAAP financial results, non-GAAP measures provide investors with a clearer view of underlying operational performance.
Positioned for Continued Expansion
Intapp enters fiscal 2027 with strong momentum supported by robust recurring revenue growth, expanding cloud adoption, increasing enterprise customer relationships, and continued innovation in artificial intelligence. The launch of Intapp Celeste, combined with strategic partnerships, growing ARR, strong operating cash flow, and improving non-GAAP profitability, positions the company to capitalize on rising demand for AI-powered, compliance-focused software solutions tailored to professional firms in regulated industries.
With cloud revenue representing the majority of recurring business and enterprise customers continuing to expand their use of the platform, Intapp appears well positioned to sustain long-term growth while advancing its leadership in governed AI for professional services.
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