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Intapp, Inc. (INTA)
:INTA
US Market
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Intapp (INTA) AI Stock Analysis

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INTA

Intapp

(NASDAQ:INTA)

Rating:68Neutral
Price Target:
$49.00
▲(9.62% Upside)
Intapp's overall stock score is driven by strong financial performance, particularly in revenue growth and cash flow improvements, despite ongoing profitability challenges. The positive sentiment from the earnings call, highlighting growth in cloud ARR and SaaS revenue, further supports the score. Technical analysis indicates short-term bullish momentum, but longer-term trends remain bearish. Valuation remains a concern due to negative profitability metrics.
Positive Factors
Financial Performance
Intapp reported strong results with total revenue and non-GAAP operating income above estimates, demonstrating its high value and strong demand.
Strategic Partnerships
Intapp's partner channel is scaling effectively, with strategic partnerships like the one with Microsoft significantly boosting large deal transactions.
Negative Factors
Macro Environment
The challenging macro environment could persist, and additional considerations around its license contract durations necessitate a slight forecast adjustment.

Intapp (INTA) vs. SPDR S&P 500 ETF (SPY)

Intapp Business Overview & Revenue Model

Company DescriptionIntapp, Inc., through its subsidiary, Integration Appliance, Inc., provides industry-specific cloud-based software solutions for the professional and financial services industry in the United States, the United Kingdom, and internationally. Its solutions include DealCloud, a deal and relationship management solution that manages financial services firms' market relationships, prospective clients and investments, current engagements and deal processes, and operations and compliance activities; and OnePlace, a solution to manage various aspects of professional services firms' client and engagement lifecycle. The company's solutions enable private capital, investment banking, legal, accounting, and consulting firms to realize the benefits of modern AI and cloud-based architectures for their critical business functions without compromising industry-specific functionality or regulatory compliance. It sells its software on a subscription basis through a direct enterprise sales model. The company was formerly known as LegalApp Holdings, Inc. and changed its name to Intapp, Inc. in February 2021. Intapp, Inc. was founded in 2000 and is headquartered in Palo Alto, California.
How the Company Makes MoneyIntapp generates revenue primarily through subscription-based licensing for its software solutions, which are offered in a SaaS (Software as a Service) model. This model allows clients to pay for access to the software on a recurring basis, providing a stable revenue stream for the company. Key revenue streams also include professional services for implementation and customization of their software, as well as ongoing support and maintenance contracts. The company has formed significant partnerships with leading technology providers and industry organizations, which enhance its product offerings and expand its market reach. These collaborations not only contribute to revenue growth but also help position Intapp as a trusted leader in the professional services software sector.

Intapp Key Performance Indicators (KPIs)

Any
Any
Gross Margin by Segment
Gross Margin by Segment
Analyzes the profitability of each segment by comparing revenue to direct costs, indicating efficiency and pricing power within different areas of the business.
Chart InsightsIntapp's Professional Services segment is showing a significant improvement in gross margin, narrowing losses substantially since 2020. This suggests effective cost management or operational efficiencies. The SAAS segment maintains a robust margin, indicating strong demand and pricing power. Meanwhile, the License segment remains highly profitable, though a slight dip in late 2023 suggests potential volatility. Overall, Intapp's strategic focus on enhancing service efficiency and maintaining high-margin software offerings appears to be stabilizing its financial performance.
Data provided by:Main Street Data

Intapp Earnings Call Summary

Earnings Call Date:Aug 12, 2025
(Q4-2025)
|
% Change Since: |
Next Earnings Date:Nov 10, 2025
Earnings Call Sentiment Positive
The earnings call highlighted strong growth in cloud ARR and SaaS revenue, significant client expansion, and successful partnerships, particularly with Microsoft. The expansion of AI capabilities also contributed positively. However, there was a slight decline in professional services revenue, and the recent TermSheet acquisition had a minimal immediate impact on ARR growth.
Q4-2025 Updates
Positive Updates
Strong Cloud ARR Growth
Cloud ARR grew 29% year-over-year to $383 million, now representing 79% of total ARR.
Significant Increase in High-Value Clients
The number of clients with ARR of more than $1 million increased by 49% year-over-year to 109 clients.
SaaS Revenue and Total Revenue Growth
SaaS revenue was $90 million, up 27% year-over-year, and total revenue was $135 million, up 18% year-over-year.
AI Capabilities Expansion
Release of additional AI capabilities, including Intapp DealCloud Activator and Intapp Assist for DealCloud, driving client enthusiasm.
Partnership Success with Microsoft
Microsoft was involved in nearly half of the largest Q4 deals, enhancing deal execution through Azure investment dollars.
Strong Free Cash Flow
Free cash flow was $37.5 million for the quarter, or 28% of total revenue.
Negative Updates
Decrease in Professional Services Revenue
Professional services revenue was $13 million, down 2% year-over-year.
Minimal Contribution from TermSheet Acquisition
The TermSheet acquisition contributed less than 5% to the incremental ARR from the cloud.
Company Guidance
During the call, Intapp provided guidance for its fiscal first quarter and full year 2026, highlighting several key financial metrics. For the first quarter, the company expects SaaS revenue between $95.7 million and $96.7 million, total revenue in the range of $134.8 million to $135.8 million, and non-GAAP operating income between $16 million and $17 million. Non-GAAP EPS is anticipated to be between $0.18 and $0.20, with a diluted share count of approximately 85 million. For the full fiscal year 2026, Intapp forecasts SaaS revenue between $411.4 million and $415.4 million, total revenue ranging from $566.7 million to $570.7 million, and non-GAAP operating income between $96 million and $100 million. Non-GAAP EPS is expected to be between $1.09 and $1.13, with a diluted share count of approximately 87 million. The company also expects a professional services revenue mix consistent with fiscal 2025, at approximately 10% of total revenue.

Intapp Financial Statement Overview

Summary
Intapp demonstrates solid revenue growth and improving cash flow metrics, which are positive indicators for future performance. However, persistent profitability issues, as seen in negative net income and return on equity, remain a concern. The company's low leverage and strong equity position provide a stable financial foundation, but achieving consistent profitability will be crucial for long-term success.
Income Statement
65
Positive
Intapp has shown consistent revenue growth over the years, with a notable increase in gross profit margin from 61.85% in 2020 to 73.98% in 2025. However, the company has struggled with profitability, as evidenced by negative net profit margins and EBIT margins throughout the period. The improvement in EBITDA margin in 2025 indicates some operational efficiency gains.
Balance Sheet
70
Positive
The company's balance sheet shows a strong equity position with a low debt-to-equity ratio of 0.03 in 2025, indicating financial stability. However, the negative return on equity in recent years highlights ongoing profitability challenges. The equity ratio has improved, reflecting a stronger asset base.
Cash Flow
75
Positive
Intapp's cash flow has improved significantly, with a strong free cash flow growth rate of 13.34% in 2025. The operating cash flow to net income ratio has also improved, suggesting better cash generation relative to earnings. The free cash flow to net income ratio close to 1 indicates efficient cash management.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue504.12M504.12M430.52M350.87M272.07M214.63M
Gross Profit372.97M372.97M306.86M239.41M172.99M140.26M
EBITDA-31.00K-3.30M-10.71M-49.81M-86.10M-8.32M
Net Income-18.22M-18.22M-32.02M-69.42M-99.68M-46.76M
Balance Sheet
Total Assets894.16M894.16M733.00M628.91M494.41M459.83M
Cash, Cash Equivalents and Short-Term Investments313.11M313.31M208.37M130.38M50.78M37.64M
Total Debt16.11M16.11M19.61M16.20M0.00275.59M
Total Liabilities374.40M374.40M329.76M287.70M238.53M473.26M
Stockholders Equity519.76M519.76M403.24M341.21M255.88M-13.43M
Cash Flow
Free Cash Flow119.81M121.86M58.38M19.75M9.45M-14.75M
Operating Cash Flow123.53M123.53M67.23M27.49M14.24M-9.75M
Investing Cash Flow-62.88M-62.88M-19.83M-14.34M-7.29M-25.60M
Financing Cash Flow41.18M41.18M30.32M64.10M6.65M32.40M

Intapp Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price44.70
Price Trends
50DMA
43.45
Positive
100DMA
49.15
Negative
200DMA
56.74
Negative
Market Momentum
MACD
0.73
Negative
RSI
54.41
Neutral
STOCH
47.97
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INTA, the sentiment is Neutral. The current price of 44.7 is above the 20-day moving average (MA) of 42.71, above the 50-day MA of 43.45, and below the 200-day MA of 56.74, indicating a neutral trend. The MACD of 0.73 indicates Negative momentum. The RSI at 54.41 is Neutral, neither overbought nor oversold. The STOCH value of 47.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for INTA.

Intapp Risk Analysis

Intapp disclosed 45 risk factors in its most recent earnings report. Intapp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Intapp Peers Comparison

Overall Rating
UnderperformOutperform
Sector (54)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
$3.10B223.265.21%17.91%-86.60%
68
Neutral
$3.67B-3.95%17.09%48.66%
68
Neutral
$3.52B-3.15%13.24%-12.97%
65
Neutral
$3.32B43.1323.79%7.99%-28.47%
65
Neutral
$3.96B-3.52%-8.80%-657.91%
54
Neutral
$296.22M3.18-13.34%2.78%5.71%-76.50%
51
Neutral
$3.18B-80.55%9.74%22.36%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
INTA
Intapp
44.70
-0.28
-0.62%
AGYS
Agilysys
110.56
9.36
9.25%
CALX
Calix
60.65
26.26
76.36%
BL
BlackLine
53.61
5.90
12.37%
NCNO
nCino
30.40
0.51
1.71%
ASAN
Asana
13.46
1.95
16.94%

Intapp Corporate Events

Stock BuybackBusiness Operations and Strategy
Intapp Announces $150 Million Stock Repurchase Program
Positive
Aug 12, 2025

On August 12, 2025, Intapp announced a common stock repurchase program authorized by its Board of Directors, allowing the company to buy back up to $150 million of its common stock. This program, which does not have an expiration date, will be funded from existing cash and cash equivalents or future cash flow, and its implementation will depend on factors such as stock price and market conditions. The initiative reflects Intapp’s strategic financial management and could potentially enhance shareholder value.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Sep 05, 2025