Intapp (INTA) AI Stock Analysis

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Intapp

(NASDAQ:INTA)

Rating:61Neutral

Price Target:

$51.00

▲(6.01%Upside)

Intapp's overall stock score is driven by strong revenue growth and a stable financial position, but profitability challenges and bearish technical indicators weigh heavily. The robust SaaS growth and strategic initiatives highlighted in the earnings call offer a positive outlook, yet valuation concerns and technical analysis suggest caution.

Positive Factors

Financial Performance

Intapp delivered a good finish with total revenue and non-GAAP operating income above estimates.

Market Expansion

International traction was also a bright spot, with wins in Africa and Asia showing its go-to-market strategy is working.

Negative Factors

ARR Growth

Net new ARR came in below our Street-low estimate, primarily in Cloud ARR - reason could be account reassignments which created pause with larger accounts, but steady activity with mid-market.

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

Market Cap

$3.89B

Dividend YieldN/A

Average Volume (3M)590.80K

Price to Earnings (P/E)―

Beta (1Y)1.75

Revenue Growth17.70%

EPS Growth61.98%

CountryUS

Employees1,235

SectorTechnology

Sector Strength87

IndustrySoftware - Application

Share Statistics

EPS (TTM)0.26

Shares Outstanding80,955,240

10 Day Avg. Volume761,116

30 Day Avg. Volume590,798

Financial Highlights & Ratios

PEG Ratio1.15

Price to Book (P/B)7.90

Price to Sales (P/S)0.00

P/FCF Ratio136.43

Enterprise Value/Market Cap0.66

Enterprise Value/Revenue1.41

Enterprise Value/Gross Profit7.29

Enterprise Value/Ebitda-174.40

Forecast

1Y Price Target

$67.50

Price Target Upside40.30% Upside

Rating ConsensusModerate Buy

Number of Analyst Covering8

Intapp Business Overview & Revenue Model

Company DescriptionIntapp, Inc. (INTA) is a software company that provides cloud-based solutions tailored for professional and financial services firms. The company specializes in offering integrated solutions that address the unique challenges faced by these sectors, helping firms to improve their operational efficiency, enhance client relationships, and drive growth. Intapp's core products include solutions for client development, risk and compliance management, and operational efficiency, aimed at streamlining business processes and optimizing firm performance.

How the Company Makes MoneyIntapp generates revenue primarily through the sale of its cloud-based software solutions and services. The company operates on a subscription-based model, offering its software as a service (SaaS) to clients, which provides a recurring revenue stream. Additionally, Intapp earns revenue from professional services, including implementation, training, and support services to assist firms in effectively deploying and utilizing its solutions. The company's strategic partnerships with industry-leading technology providers and its focus on addressing the specific needs of professional and financial services firms contribute significantly to its revenue growth.

Intapp Key Performance Indicators (KPIs)

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:May 06, 2025

(Q3-2025)

% Change Since: -15.88%|

Next Earnings Date:Sep 03, 2025

Earnings Call Sentiment Positive

The earnings call highlights Intapp's strong performance in cloud ARR and SaaS revenue growth, product innovations, strategic acquisitions, and expansion of the partner ecosystem. However, there were challenges with professional services revenue decline and lower-than-expected billings. Overall, the positive aspects outweigh the lowlights, indicating a robust performance with some areas to monitor.

Q3-2025 Updates

Positive Updates

Strong Cloud ARR Growth

Cloud ARR grew to $352 million, up 28% year-over-year, representing 77% of total ARR.

Impressive SaaS Revenue Increase

SaaS revenue was $85 million, up 28% year-over-year, contributing significantly to the total revenue of $129 million, which was up 17% year-over-year.

Successful Product Launches and Innovations

Launch of Intapp DealCloud Activator and Intapp Time with AI capabilities. Introduction of Intapp Walls for AI and new features in Intapp Assist for DealCloud.

Strategic Acquisition of TermSheet

Acquisition of TermSheet to enhance real assets offerings and expand capabilities in serving new personas within real assets.

Growth in Partner Ecosystem

Signed 8 new partners, bringing the total to more than 140, with increased partner certifications by 75% year-over-year.

Strong International Revenue Growth

International revenue grew 20% year-over-year and accounted for over one-third of total revenue.

High Free Cash Flow

Free cash flow was $35.1 million, representing 27% of total revenue.

Negative Updates

Decline in Professional Services Revenue

Professional services revenue decreased by 6% year-over-year due to strategic outsourcing.

Challenges with SaaS Revenue Guidance

SaaS revenue guidance for the fourth quarter implies a year-over-year growth of 26% to 27%, slightly below previous expectations.

Lower-than-Expected Billings

Calculated billings were slightly below expectations, attributed to seasonality and timing of deal closures.

Company Guidance

During the Intapp Fiscal Third Quarter 2025 Webcast, the company provided guidance for both the fiscal fourth quarter and the full year 2025. For the fourth quarter, Intapp expects SaaS revenue between $89 million and $90 million, representing a year-over-year growth of 26% to 27%. Total revenue is anticipated to be in the range of $131.5 million to $132.5 million, with non-GAAP operating income between $20 million and $21 million. Non-GAAP EPS is projected to be $0.22 to $0.24, based on approximately 85 million common shares outstanding. For the full fiscal year 2025, Intapp forecasts SaaS revenue between $330.8 million and $331.8 million, indicating a 28% year-over-year growth. Total revenue is expected to range from $500.6 million to $501.6 million, with non-GAAP operating income between $74.3 million and $75.3 million. The company also anticipates non-GAAP EPS of $0.88 to $0.90, using a diluted share count of approximately 84 million common shares outstanding.

Intapp Financial Statement Overview

Summary

Intapp exhibits strong revenue growth, indicative of market demand and business expansion. However, profitability challenges persist with ongoing net losses. The balance sheet is robust, featuring low leverage, which minimizes financial risk. Cash flow metrics are strong, suggesting good liquidity and operational cash generation. Overall, growth prospects are promising, but improving profitability is crucial for long-term financial health.

Income Statement

Positive

Intapp has demonstrated strong revenue growth with a notable increase from $272 million in 2022 to $483 million in TTM 2025. However, profitability remains a challenge as both EBIT and net income margins are negative, indicating ongoing losses. The gross profit margin is healthy at approximately 73.3% for TTM 2025, which is typical for software companies, but the negative EBIT margin of -4.9% suggests high operating expenses relative to revenue.

Balance Sheet

Positive

The balance sheet is stable with a healthy equity ratio of 60.5% in TTM 2025, reflecting good asset management and a solid equity base. The debt-to-equity ratio is low at 0.034, indicating minimal reliance on debt, which reduces financial risk. However, the return on equity (ROE) is negative due to negative net income, indicating issues with profitability despite strong revenue growth.

Cash Flow

Positive

Intapp shows a strong cash flow position with significant free cash flow growth, reaching $107 million in TTM 2025 from $58 million in 2024. The operating cash flow to net income ratio is positive and indicates good cash generation relative to earnings. The free cash flow to net income ratio also highlights robust cash generation capabilities despite net losses.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	483.46M	430.52M	350.87M	272.07M	214.63M	186.85M
Gross Profit	354.17M	306.86M	239.41M	172.99M	140.26M	115.56M
EBITDA	-105.00K	-10.71M	-49.81M	-83.31M	-8.32M	-4.94M
Net Income	-18.29M	-32.02M	-69.42M	-99.68M	-46.76M	-45.91M
Balance Sheet
Total Assets	813.50M	733.00M	628.91M	494.41M	459.83M	377.01M
Cash, Cash Equivalents and Short-Term Investments	323.21M	208.37M	130.38M	50.78M	37.64M	42.05M
Total Debt	16.62M	19.61M	16.20M	0.00	275.59M	279.46M
Total Liabilities	321.20M	329.76M	287.70M	238.53M	473.26M	403.53M
Stockholders Equity	492.30M	403.24M	341.21M	255.88M	-13.43M	-26.52M
Cash Flow
Free Cash Flow	107.51M	58.38M	19.75M	9.45M	-14.75M	-6.54M
Operating Cash Flow	112.27M	67.23M	27.49M	14.24M	-9.75M	-1.41M
Investing Cash Flow	-20.07M	-19.83M	-14.34M	-7.29M	-25.60M	-5.13M
Financing Cash Flow	42.44M	30.32M	64.10M	6.65M	32.40M	27.25M

Intapp Technical Analysis

Technical Analysis Sentiment

Negative

Last Price48.11

Price Trends

50DMA

54.69

Negative

100DMA

57.76

Negative

200DMA

58.46

Negative

Market Momentum

MACD

-1.85

Positive

RSI

30.64

Neutral

STOCH

4.03

Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INTA, the sentiment is Negative. The current price of 48.11 is below the 20-day moving average (MA) of 53.29, below the 50-day MA of 54.69, and below the 200-day MA of 58.46, indicating a bearish trend. The MACD of -1.85 indicates Positive momentum. The RSI at 30.64 is Neutral, neither overbought nor oversold. The STOCH value of 4.03 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 (63)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NOVT	71 Outperform	$4.78B	67.96	9.73%	―	6.52%	1.60%
BOX	69 Neutral	$4.82B	25.79	152.34%	―	4.88%	80.94%
BILL	63 Neutral	$4.97B	482.28	0.97%	―	14.52%	―
Sector *	63 Neutral	£566.00M	24.41	-6.00%	2.49%	3.52%	-29.29%
QTWO	62 Neutral	$5.89B	―	-3.95%	―	13.12%	75.24%
INTA	61 Neutral	$3.89B	―	-4.16%	―	17.70%	61.98%
WK	58 Neutral	$3.86B	―	99.24%	―	17.36%	32.19%

* Technology Sector Average

Performance Comparison

INTA

Intapp

48.11

13.14

37.58%

NOVT

Novanta

133.33

-26.91

-16.79%

QTWO

Q2 Holdings

94.59

32.45

52.22%

Workiva

69.22

-2.12

-2.97%

BOX

Box

33.26

7.68

30.02%

BILL

Bill.com Holdings

48.21

-3.47

-6.71%

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: Jul 03, 2025