Intapp (INTA) AI Stock Analysis

• Market Cap: $1.83B
• Dividend Yield: N/A
• Average Volume (3M): 1.45M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.71
• Revenue Growth: 17.11%
• EPS Growth: -19.12%
• Country: US
• Employees: 1,235
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.33
• Shares Outstanding: 80,395,790
• 10 Day Avg. Volume: 1,859,700
• 30 Day Avg. Volume: 1,453,423
• PEG Ratio: 4.56
• Price to Book (P/B): 7.82
• Price to Sales (P/S): 8.06
• P/FCF Ratio: 33.34
• Enterprise Value/Market Cap: 0.89
• Enterprise Value/Revenue: 3.04
• Enterprise Value/Gross Profit: 4.07
• Enterprise Value/Ebitda: -100.41
• 1Y Price Target: $42.63
• Price Target Upside: 95.26% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9
• EPS Forecast (FY): 1.17
• Revenue Forecast (FY): $571.29M

• Rating: 66 Neutral
• Price Target: $23.50 ▲(7.65% Upside)
• Action: Reiterated Date: 02/04/26
• Date: Action: Reiterated 02/04/26

The score is supported primarily by improving fundamentals and strong cash generation with low leverage, reinforced by a very positive earnings call (strong cloud/SaaS growth, retention, and upbeat guidance). The main offset is weak technicals (price far below major moving averages with negative MACD) and limited valuation support given a negative P/E and no dividend yield provided.

Positive Factors

Strong cash generation & low leverage

Sustained positive operating and free cash flow plus a sizeable cash balance provide durable funding for product investment, cloud migration, and the $200M buyback authorization. Low debt reduces refinancing risk and supports strategic flexibility over the next 2–6 months and beyond.

High and improving gross margins

High SaaS gross margins and recent margin expansion indicate attractive unit economics that scale with ARR. This margin base supports reinvestment in growth and improves the path to consistent profitability, making revenue gains more mechanically accretive to cash flow over time.

Robust ARR growth, retention and partner traction

Strong ARR growth, exceptional net revenue retention, and an expanding partner ecosystem (notably Microsoft-led deals) create durable revenue visibility and enterprise stickiness. These structural drivers support predictable recurring revenue and larger deal velocity over multiple quarters.

Negative Factors

Modest GAAP losses remain

Despite improving operating metrics, the company still reports negative net margins, which constrains return on equity and limits distributable earnings. Persisting GAAP losses mean management must balance growth investments with the need to reach sustained profitability for long-term shareholder value.

Revenue mix shift creates modeling risk

The shift from license/services to cloud SaaS increases recurring ARR but alters timing and recognition patterns, adding forecasting complexity. Transitional mix effects can mute near-term top-line growth metrics and create volatility in quarter-to-quarter comparability for several months.

Elevated investment-driven operating expenses; AI monetization uncertain

Increasing go-to-market and AI delivery investments expand operating expense run-rate. If AI features and new product initiatives do not convert to predictable ARR quickly, elevated spend could delay sustained GAAP profitability and compress incremental margins over the medium term.

Intapp Business Overview & Revenue Model

Company Description

Intapp, 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 Money

Intapp generates revenue primarily through subscription-based software licensing, where clients pay recurring fees for access to its cloud-based applications. Additionally, the company offers professional services such as implementation, training, and ongoing support, contributing to its revenue streams. Key revenue drivers include the growing demand for digital transformation in the professional services sector, as firms seek to streamline operations and improve client service. Intapp has also formed significant partnerships with industry leaders, which enhance its product offerings and expand its market reach, further bolstering its earnings potential.

Intapp Financial Statement Overview

Summary

High gross margins (~74%), very low leverage (~$14.8M debt vs ~$410.2M equity), and strong positive free cash flow (~$92.6M TTM) are major strengths. Offsetting this, the company remains modestly loss-making (TTM net margin around -3.8%) and recent growth/cash-flow momentum shows some deceleration/volatility risk.

Income Statement

TTM (Trailing-Twelve-Months) revenue is $537.4M with strong gross margin (~74%), reflecting attractive unit economics. Profitability is improving meaningfully versus prior years (losses have narrowed and operating margin has moved much closer to breakeven), but the company still reports a net loss in TTM (net margin around -3.8%) and remains slightly negative at the operating level. Revenue growth is solid over the multi-year period, though the latest annual growth rate appears more muted, signaling some deceleration risk.

Balance Sheet

The balance sheet is conservatively levered: TTM total debt is ~$14.8M against ~$410.2M of equity (very low leverage), providing flexibility. Equity remains sizeable and supports the asset base, but returns are still negative because the company is not yet profitable. Overall financial risk from debt looks low, with the primary balance-sheet weakness being the lack of positive returns rather than leverage.

Cash Flow

Cash generation is a key strength: TTM operating cash flow is ~$96.6M and free cash flow is ~$92.6M, indicating the business can fund operations without relying heavily on external capital. Cash flow has improved substantially versus earlier years (when cash flow was negative), although the TTM free cash flow growth is down year over year, suggesting some near-term volatility in cash conversion. Despite net losses, free cash flow remains robust, which helps reduce financing risk.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	537.37M	504.12M	430.52M	350.87M	272.07M	214.63M
Gross Profit	401.78M	372.97M	306.86M	239.41M	172.99M	140.26M
EBITDA	-16.27M	-4.65M	-10.71M	-47.70M	-82.71M	-8.32M
Net Income	-26.19M	-18.22M	-32.02M	-69.42M	-99.68M	-46.76M
Balance Sheet
Total Assets	795.18M	894.16M	894.16M	628.91M	628.91M	494.41M
Cash, Cash Equivalents and Short-Term Investments	191.35M	313.11M	313.11M	131.19M	130.38M	50.78M
Total Debt	36.77M	16.11M	16.11M	20.89M	16.20M	0.00
Total Liabilities	384.93M	374.40M	374.40M	287.70M	287.70M	238.53M
Stockholders Equity	410.25M	519.76M	519.76M	341.21M	341.21M	255.88M
Cash Flow
Free Cash Flow	92.62M	121.86M	64.77M	19.75M	13.68M	-14.75M
Operating Cash Flow	96.62M	123.53M	67.23M	27.49M	14.24M	-9.75M
Investing Cash Flow	-13.84M	-62.88M	-19.83M	-14.34M	-7.29M	-25.60M
Financing Cash Flow	-124.49M	41.18M	30.32M	64.10M	6.65M	32.40M

Intapp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 21.83
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: 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 21.83 is below the 20-day moving average (MA) of 28.35, below the 50-day MA of 37.48, and below the 200-day MA of 43.32, indicating a bearish trend. The MACD of -4.62 indicates Positive momentum. The RSI at 20.14 is Positive, neither overbought nor oversold. The STOCH value of 3.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for INTA.

Intapp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AGYS	71 Outperform	$2.24B	73.32	10.68%	―	17.77%	-76.05%
CALX	68 Neutral	$3.48B	220.54	2.18%	―	4.89%	55.80%
INTA	66 Neutral	$1.83B	-75.89	-5.41%	―	17.11%	-19.12%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
NCNO	59 Neutral	$1.88B	-84.70	-2.04%	―	12.14%	-19.29%
BL	53 Neutral	$2.21B	95.78	6.29%	―	7.36%	-40.62%
ASAN	51 Neutral	$1.80B	-7.99	-102.48%	―	9.47%	16.97%

Intapp Corporate Events

Intapp Authorizes New $200 Million Share Repurchase Program

On February 3, 2026, Intapp announced that its board had authorized a new common stock repurchase program of up to $200 million, approved on January 29, 2026. The new authorization follows and replaces a previously authorized $150 million buyback program from August 7, 2025, which has been fully completed. The company may repurchase shares on a discretionary basis through open market purchases, privately negotiated transactions, Rule 10b5-1 trading plans, or other methods, with no set expiration date and no obligation to buy a specific number of shares. Intapp said the program may be modified, suspended, or discontinued at any time and will be funded using existing cash, cash equivalents, or future cash flow, underscoring management’s capital-return focus and balance-sheet capacity for shareholder-friendly actions.

The most recent analyst rating on (INTA) stock is a Buy with a $38.00 price target. To see the full list of analyst forecasts on Intapp stock, see the INTA Stock Forecast page.