Intapp Board Approves $200 Million Share Buyback Program
Intapp’s Board of Directors authorized a new common stock repurchase program of up to $200.0 million on January 29, 2026. This follows the completion of a prior $150.0 million buyback and underscores management’s commitment to returning capital to shareholders.
1. Second Quarter Financial Results
Intapp reported fiscal Q2 results led by a 28% year-over-year increase in SaaS revenue to $102.5 million and total revenue growth of 16% to $140.2 million. Cloud ARR reached $433.6 million, up 31% from a year earlier, and now represents 81% of total ARR, which grew 22% to $535.0 million. On a GAAP basis, the operating loss narrowed to $7.2 million versus a $10.2 million loss a year ago, while non-GAAP operating income rose to $27.7 million from $18.9 million. The company delivered a non-GAAP diluted net income per share of $0.33, up from $0.21 in Q2 2025, and ended the quarter with cash and cash equivalents of $191.2 million.
2. Business Highlights and Client Metrics
Intapp served over 2,750 clients as of December 31, 2025, including 834 accounts with more than $100,000 of ARR each. The trailing-12-month cloud net revenue retention rate reached 124%, driven by upsells and cross-sells within existing enterprise relationships. Notable new contracts included deployments at accounting firm Ostberg Sinclair and law firm Buchanan Ingersoll & Rooney. The company’s DealCloud platform was recognized as Deal Origination Solution of the Year: Credit at the 2025 Private Equity Wire U.S. Awards.
3. Fiscal 2026 Third Quarter and Full-Year Outlook
For Q3 2026, Intapp provided guidance for SaaS revenue of $105.0 million to $106.0 million and total revenue of $143.8 million to $144.8 million. Non-GAAP operating income is expected between $23.1 million and $24.1 million, with non-GAAP diluted net income per share of $0.27 to $0.29. Full-year guidance calls for SaaS revenue of $415.0 million to $419.0 million, total revenue of $570.3 million to $574.3 million, non-GAAP operating income of $99.9 million to $103.9 million, and non-GAAP diluted net income per share of $1.20 to $1.24.
4. Share Repurchase Program Expansion
On January 29, 2026, Intapp’s board authorized a new $200 million common stock repurchase program, following completion of the prior $150 million buyback. The refreshed authorization underscores management’s confidence in the firm’s cash generation and commitment to return capital to shareholders as part of its broader capital allocation strategy.