Financial Data and Key Metrics Changes - In Q1, cloud annual recurring revenue (ARR) grew to $401 million, up 30% year over year, representing 80% of total ARR of $504 million [4][15] - SaaS revenue was $98 million, up 27% year over year, while total revenue reached $139 million, up 17% year over year [4][16] - Non-GAAP gross margin improved to 77.7%, up from 76.3% a year ago, reflecting cloud efficiency gains [18] - Non-GAAP operating income increased to $20.9 million from $15.1 million in Q1 of the previous year [18] - Free cash flow for the quarter was $13.2 million, with cash and cash equivalents at $273.4 million [18] Business Line Data and Key Metrics Changes - SaaS now contributes 70% of total revenue, up more than five points year over year [16] - License revenue totaled $29.2 million, up 2% year over year, while professional services revenue decreased by 8% year over year to $12.3 million [16] - The company saw strong demand for cloud solutions, driving total revenue growth [16] Market Data and Key Metrics Changes - The company reported a cloud net revenue retention rate of 121%, indicating strong retention and upsell among existing cloud clients [19] - The number of clients with ARR of at least $100,000 increased to 813, up from 707 in the previous year [19] Company Strategy and Development Direction - The company is focused on expanding its vertical AI capabilities and cloud adoption, leveraging partnerships, particularly with Microsoft, to drive growth [4][8] - The strategy includes enhancing compliance capabilities and integrating AI into workflows to differentiate from competitors [5][25] - The company aims to capitalize on macro trends such as digitalization and compliance-driven demand [15][29] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued growth opportunities, citing strong performance in Q1 and the potential for further client expansion [14][15] - The company anticipates SaaS revenue for Q2 to be between $100-$101 million, with total revenue expected in the range of $137.6-$138.6 million [19][20] - Management highlighted the importance of maintaining a prudent approach to guidance while focusing on cloud and SaaS growth [30] Other Important Information - The company authorized a $150 million share repurchase program, repurchasing $50 million worth of shares in Q1 [16][17] - The partner ecosystem continues to play a crucial role in driving growth, with co-sell activities showing strong year-over-year growth [17] Q&A Session Summary Question: What drove the net revenue retention of 121%? - Management attributed the retention to successful upsell and cross-sell activities, as well as a low churn rate [21][22] Question: How is GenAI impacting client behavior? - Management noted that clients are exploring various AI tools, and there is a strong belief in the potential of GenAI to enhance operations [23][24] Question: How much of the ARR acceleration is due to industry-specific changes? - Management indicated that trends in legal and accounting sectors, along with macroeconomic factors, are contributing to the growth [27][28] Question: Is the guidance conservative given the strong ARR? - Management emphasized a prudent approach to guidance, considering various moving parts in the business [30] Question: What are the common reasons for clients remaining on-premise? - Management highlighted regulatory concerns and the need for trusted partners to navigate compliance issues as key factors [31][32] Question: How is the Microsoft partnership influencing deal dynamics? - Management described the partnership as enhancing deal size, speed, and win rates through co-selling and marketing efforts [50][51]

Financial Performance - Intapp's total Annual Recurring Revenue (ARR) reached $504.1 million in Q1 FY26 [87, 93] - Cloud ARR grew by 30% year-over-year in Q1 FY26 [87, 93] - Cloud Net Revenue Retention Rate (NRR) was 121% as of Q1 FY26 [87, 17] - The company had 813 clients with over $100,000 ARR [87, 15] - Non-GAAP operating margin was 15% in Q1 FY26 [87, 109] Growth Strategy - Intapp is focused on expanding its offerings through new solutions, geographies, and client sub-verticals [10, 32, 37] - The company aims to accelerate its ecosystem through acquisitions and partnerships [10, 42, 47] - Cloud migration is a key driver for current and future growth [10, 23] Cloud Transition - 80% of Intapp's ARR was cloud-based in Q1 FY26, up from 69% two years prior [26] - 93% of Intapp's clients have some portion of their business in the cloud [26] Market Opportunity - Intapp operates in a growing multi-billion dollar addressable market, estimated at approximately $31 billion [78, 79] Client Base - Intapp serves 2,750 clients as of September 30, 2025 [15, 81]

Financial Performance - Total revenues for the three months ended September 30, 2025, were $139.027 million, a 17.0% increase from $118.805 million in the same period of 2024[16] - SaaS revenues increased to $97.524 million, up 27.0% from $76.876 million year-over-year[16] - The net loss for the three months ended September 30, 2025, was $14.353 million, compared to a net loss of $4.520 million in the same period of 2024[16] - Operating loss for the quarter was $14.455 million, an increase from the operating loss of $7.254 million in the prior year[16] - The company reported a comprehensive loss of $13.723 million for the three months ended September 30, 2025, compared to a comprehensive loss of $4.025 million in the prior year[19] - For the three months ended September 30, 2025, total revenues increased to $139.03 million, up 17.0% from $118.81 million in the same period of 2024[41] - The net loss for the three months ended September 30, 2025, was $14.35 million, compared to a net loss of $4.52 million in the same period of 2024[24] - Cash provided by operating activities was $13.80 million, a decrease of 43.5% from $24.45 million in the prior year[24] Expenses - Research and development expenses increased to $40.934 million, up from $32.427 million year-over-year[16] - Sales and marketing expenses rose to $48.786 million, compared to $37.760 million in the same quarter of 2024[16] - The Company reported stock-based compensation of $27.29 million for the three months ended September 30, 2025, compared to $19.99 million in the same period of 2024, reflecting a 36.5% increase[24] - Total stock-based compensation expense for the three months ended September 30, 2025, was $27,287,000, up from $19,989,000 in the same period of 2024, indicating a year-over-year increase of approximately 36.5%[72] Cash and Assets - Cash and cash equivalents decreased to $273.437 million as of September 30, 2025, down from $313.109 million as of June 30, 2025[14] - Total assets as of September 30, 2025, were $823.261 million, a decrease from $894.161 million as of June 30, 2025[14] - Total stockholders' equity decreased to $486.361 million as of September 30, 2025, from $519.765 million as of June 30, 2025[14] - Cash, cash equivalents, and restricted cash at the end of the period totaled $273.64 million, down from $254.05 million at the end of the same period in 2024[24] - As of September 30, 2025, the company had cash and cash equivalents of $273.4 million, held with multiple high credit quality financial institutions[155] Revenue and Client Information - U.S. revenues for the three months ended September 30, 2025, were $97.01 million, representing a 23.4% increase from $78.57 million in 2024[41] - No client accounted for 10% or more of the Company's revenues for the three months ended September 30, 2025, and 2024[36] - The Company operates in one reportable segment, focusing on AI-powered solutions for various professional services firms[33] Investments and Liabilities - The Company incurred $5.85 million in net cash used in investing activities, compared to $2.79 million in the same period of 2024[24] - Deferred commissions were $35.9 million as of September 30, 2025, compared to $36.4 million as of June 30, 2025[42] - Unbilled accounts receivable decreased to $17.7 million as of September 30, 2025, from $19.5 million as of June 30, 2025[43] - Deferred revenue, net, was $239.2 million as of September 30, 2025, down from $259.0 million as of June 30, 2025[43] - The company recorded a contingent consideration liability of $0.5 million as of September 30, 2025, related to the acquisition of Paragon Data Labs, Inc.[53] - Current operating lease liabilities increased from $6.5 million as of June 30, 2025, to $7.6 million as of September 30, 2025[59] - The company had no outstanding borrowings under the JPMorgan Credit Facility as of September 30, 2025, maintaining compliance with all covenants[67] Strategic Initiatives and Future Outlook - The company expects to recognize approximately $715.2 million from remaining performance obligations, with about 55% expected to be recognized over the next 12 months[45] - The company has not experienced any material losses related to non-payment of receivables during the three months ended September 30, 2025, indicating stable credit risk management[152] - The company has not engaged in hedging foreign currency transactions to date, although it may consider doing so in the future due to exposure to foreign currency exchange risk[151] - The stock repurchase program authorized by the Board of Directors on August 7, 2025, allows for discretionary purchases without an expiration date[79] - The company reported that inflation has not had a material effect on its business, but it remains cautious about potential future inflationary pressures[153] Other Financial Metrics - The weighted-average number of shares used to compute net loss per share increased to 81,878 thousand in 2025 from 75,604 thousand in 2024[78] - The total intrinsic value of stock options exercised during the three months ended September 30, 2025, was $11.8 million[70] - The company repurchased approximately 1.1 million shares of its common stock for $50.0 million during the three months ended September 30, 2025, leaving $100.0 million available for future repurchases[80] - The company has $221.9 million of unrecognized compensation cost related to unvested stock-based awards as of September 30, 2025, expected to be recognized over approximately 2.6 years[72] Impairments and Amortization - The company recorded impairment charges of $1.4 million related to its digital transformation initiative during the three months ended September 30, 2025, compared to no impairment charges in the same period of 2024[58] - Amortization expense related to acquired intangible assets totaled $2.9 million for the three months ended September 30, 2025[49] Goodwill and Intangible Assets - Goodwill decreased to $326.1 million as of September 30, 2025, from $326.3 million as of June 30, 2025[48] - Total intangible assets, net, were $37.8 million as of September 30, 2025, compared to $40.7 million as of June 30, 2025[49] - Capitalized internal-use software costs increased to $33.6 million as of September 30, 2025, from $31.6 million as of June 30, 2025[57] - Capitalized cloud computing implementation costs decreased from $7,599,000 as of June 30, 2025, to $7,067,000 as of September 30, 2025, reflecting a reduction of approximately 7%[58] - Strategic investments increased to $5.0 million as of September 30, 2025, from $2.0 million as of June 30, 2025[56]

Core Insights - Ostberg Sinclair has integrated Intapp Collaboration with Microsoft 365 applications to enhance communication and document management [1] Company Developments - The integration aims to improve operational efficiency by streamlining communication processes and document handling within the organization [1]

Group 1 - A limited group of high-quality stocks, such as Intapp (NASDAQ: INTA), has produced negative returns for shareholders this year despite their strong results [1] - The company is viewed as having a pure quality business model, which is essential for long-term growth investment opportunities [1] - The analysis emphasizes the importance of understanding business model trends over short-term market fluctuations to identify potential investments [1] Group 2 - The analyst has no current stock or derivative positions in the mentioned companies but may consider initiating a long position in INTA within the next 72 hours [2] - The article reflects the author's personal opinions and is not influenced by any compensation from companies mentioned [2]

Core Insights - Intapp, Inc. (NASDAQ: INTA) is recognized as a promising investment opportunity among beaten-down technology stocks, particularly following its strategic partnership with Lexsoft aimed at enhancing sales and implementation in Europe and Latin America [1][2]. Company Overview - Intapp, Inc. specializes in AI-powered, industry-specific software solutions tailored for professional and financial services firms, focusing on modernizing operations, managing risk, acquiring new business, and improving client relationships [3]. Strategic Partnership - The partnership with Lexsoft is designed to leverage the increasing demand for Intapp's solutions in Spanish-speaking markets, with Lexsoft tasked to enhance the delivery of these solutions [2][3]. Market Position - The collaboration positions Intapp to capitalize on the growing market for AI solutions, particularly in regions where demand is expanding [2].

Group 1 - Intapp, Inc. (NASDAQ:INTA) is recognized as an oversold growth stock with potential investment opportunities according to analysts [1] - Infinedi Partners, a private equity firm, has selected Intapp DealCloud to enhance its deal management and business development processes [1][2] - The adoption of DealCloud aligns with Infinedi's strategy to leverage agile technology for growth, improving operational efficiency and productivity through AI-driven tools [2] Group 2 - Intapp, Inc. specializes in providing AI-powered software solutions tailored for advisory, capital markets, and legal firms [3] - While Intapp shows potential as an investment, there are other AI stocks that may offer greater upside potential and lower downside risk [3]

Core Insights - Intapp, Inc. (NASDAQ:INTA) is recognized as an oversold software stock with significant potential for investment, particularly following the selection of its DealCloud platform by private equity firm Infinedi Partners [1][2] Financial Performance - In Q4 2025, Intapp reported total revenue of $135.0 million, marking an 18% year-over-year increase compared to Q4 2024, with SaaS revenue reaching $90.2 million, reflecting a 27% year-over-year growth [2] - For FY 2026, the company anticipates SaaS revenue between $411.4 million and $415.4 million [2] Strategic Developments - Intapp has expanded its product portfolio and R&D capabilities through strategic acquisitions, adding notable new clients and enhancing existing accounts via cross-selling and upselling [2] - The company has also increased its international presence and migrated more clients to cloud services [2] Market Position and Sentiment - TimesSquare Capital Management highlighted Intapp's AI-powered solutions for deal and relationship management, noting a 12% decline in stock value but stable revenue and improved profitability [3] - The firm acknowledged the potential of Intapp as an investment but suggested that other AI stocks may offer greater upside potential with less downside risk [3]

Core Insights - TimesSquare Capital Management reported a gross return of 11.28% and a net return of 11.02% for its "U.S. Small Cap Growth Strategy" in Q2 2025, underperforming the Russell 2000 Growth Index which returned 11.97% [1] - The fund's performance was attributed to double-digit returns in equities driven by improved global economic activity [1] Company Overview: Intapp, Inc. (NASDAQ:INTA) - Intapp, Inc. specializes in industry-specific cloud-based software solutions and is headquartered in Palo Alto, California [2] - The stock of Intapp, Inc. had a one-month return of 7.67% and a 52-week gain of 1.14%, closing at $45.40 per share with a market capitalization of $3.73 billion as of September 11, 2025 [2] Financial Performance - In Q4 2025, Intapp, Inc. reported total revenue of $135 million, reflecting an 18% year-over-year increase [4] - The company's revenue for the latest quarter met consensus expectations, with improved profitability and free cash flow [3] Market Position and Hedge Fund Interest - Intapp, Inc. was held by 28 hedge fund portfolios at the end of Q2 2025, an increase from 22 in the previous quarter [4] - Despite its potential, the company is not among the 30 most popular stocks among hedge funds, and there are suggestions that other AI stocks may offer better upside potential with less downside risk [4] Strategic Focus - TimesSquare Capital's strategy favors critical system providers and specialized component designers within the Information Technology sector, indicating a preference for companies that enhance productivity and efficiency [3] - Intapp's AI-powered solutions, particularly in deal and relationship management, are noted for their positive reception from clients, although the stock experienced a decline of 12% [3]

Core Insights - The article discusses the current market trends and potential investment opportunities within specific sectors, highlighting the importance of thorough analysis before making investment decisions [1][2]. Group 1: Market Trends - Recent market fluctuations have shown a significant impact on investor sentiment, with a notable increase in volatility across various sectors [1]. - Analysts are observing a shift in consumer behavior, which is influencing demand patterns and subsequently affecting stock performance [2]. Group 2: Investment Opportunities - Certain industries, particularly technology and renewable energy, are identified as having strong growth potential, driven by innovation and regulatory support [1]. - The article emphasizes the importance of evaluating financial health and market positioning of companies within these sectors to identify viable investment opportunities [2].