Intapp Posts 28% SaaS Growth to $102.5M, Authorizes $200M Buyback
Intapp reported Q2 fiscal 2026 SaaS revenue of $102.5M, up 28% year-over-year, and total revenue of $140.2M, a 16% increase, while Cloud ARR rose 31% to $433.6M. The board also authorized a new $200M stock repurchase program following completion of a $150M buyback.
1. Second Quarter Financial Performance
Intapp delivered total revenue of $140.2 million for the fiscal second quarter ended December 31, 2025, representing a 16% increase year-over-year. Subscription (SaaS) revenue rose 28% to $102.5 million, driven by strong uptake of AI-powered workflow and risk solutions. GAAP operating loss narrowed to $7.2 million from $10.2 million a year earlier, while non-GAAP operating income climbed to $27.7 million, up 47% from the prior-year quarter. On a non-GAAP basis, diluted net income per share was $0.33, compared with $0.21 in the second quarter of fiscal 2025. Cash and cash equivalents stood at $191.2 million as of quarter-end, down from $313.1 million at June 30, 2025, reflecting both operating cash generation and $150.1 million deployed in share repurchases during the first half of fiscal 2026.
2. Business Momentum and Client Metrics
Intapp served more than 2,750 clients as of December 31, 2025, including 834 accounts generating over $100,000 in annual recurring revenue (ARR). The company’s cloud ARR reached $433.6 million, up 31% year-over-year, and accounted for 81% of total ARR, which expanded 22% to $535.0 million. Trailing twelve-month cloud net revenue retention stood at 124%, reflecting successful upsells and cross-sells across the installed base. New client wins included accounting firm Ostberg Sinclair and law firm Buchanan Ingersoll & Rooney, while the partner ecosystem broadened through strategic integrations with leading consulting and technology providers.
3. Fiscal Year 2026 Outlook
For the third quarter, Intapp expects subscription revenue of $105.0 million to $106.0 million and total revenue of $143.8 million to $144.8 million. On a non-GAAP basis, operating income is forecast at $23.1 million to $24.1 million, with diluted net income per share in the range of $0.27 to $0.29. For the full fiscal year, guidance calls for subscription 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 EPS of $1.20 to $1.24. These projections incorporate estimated stock-based compensation and amortization charges but exclude other potential acquisition-related and restructuring items.