Intapp Q2 SaaS Revenue Up 28% to $102.5M; Board OKs $200M Buyback

INTAINTA

Intapp's Q2 SaaS revenue rose 28% year-over-year to $102.5M with total revenue up 16% at $140.2M, while non-GAAP net income reached $27.6M ($0.33/share) versus $17.4M ($0.21). The Board approved a $200M share repurchase plan after completing a $150.1M buyback in H1.

1. Q2 Financial Highlights

Intapp reported SaaS revenue of $102.5 million for the quarter ended December 31, 2025, representing a 28% increase year-over-year, and total revenue of $140.2 million, up 16% from the same period last fiscal year. Cloud ARR reached $433.6 million, a 31% increase compared to December 31, 2024, and now represents 81% of total ARR, up from 76%. Total ARR grew 22% year-over-year to $535.0 million, underscoring strong subscription momentum in highly regulated professional services markets.

2. Profitability Improvements

On a GAAP basis, Intapp narrowed its operating loss to $7.2 million from $10.2 million in the year-ago quarter, driven by scalable cloud delivery and disciplined expense management. Non-GAAP operating income climbed to $27.7 million, up 47% from $18.9 million a year earlier. Non-GAAP diluted net income per share increased to $0.33 from $0.21, reflecting improved margin leverage as revenue growth outpaced operating expense growth.

3. Business Momentum and Client Metrics

Intapp served over 2,750 clients as of quarter end, including 834 with contracts exceeding $100,000 of ARR. The company achieved a 124% trailing-12-month cloud net revenue retention rate by upselling and cross-selling new AI-driven solutions. Notable account expansions included Ostberg Sinclair in accounting and Buchanan Ingersoll & Rooney in legal, while DealCloud was recognized as Credit Deal Origination Solution of the Year by Private Equity Wire.

4. Fiscal 2026 Outlook and Share Repurchase

For Q3, Intapp expects SaaS revenue of $105.0–$106.0 million and total revenue of $143.8–$144.8 million, with non-GAAP operating income of $23.1–$24.1 million and non-GAAP EPS of $0.27–$0.29. Full-year guidance anticipates SaaS revenue of $415.0–$419.0 million, total revenue of $570.3–$574.3 million, non-GAAP operating income of $99.9–$103.9 million, and non-GAAP EPS of $1.20–$1.24. Additionally, the board authorized a new $200 million share repurchase program, building on the $150 million program completed in fiscal H1.

Sources

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