Intapp Grows Subscription Revenue 29% in Fiscal Q1 and Issues Full-Year Outlook

Aditi Sarkar

02 November 2026 11:34 PM AEDT

Intapp Grows Subscription Revenue 29% in Fiscal Q1 and Issues Full-Year Outlook

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Highlights

Total Revenue reached US$161.3 million in fiscal Q1 2027, a 16% increase on the prior-year quarter.
Cloud annual Recurring Revenue climbed 28% to US$515.3 million, representing 85% of total ARR of US$607.1 million.
Non-GAAP Diluted Earnings per Share rose to US$0.44, while the GAAP net loss narrowed to US$1.3 million.
The company repurchased about 0.6 million shares for US$25.0 million during the quarter ended 30 September 2026.

Intapp, Inc. (NASDAQ:INTA) opened fiscal 2027 with subscription revenue growing almost twice as fast as its overall top line, as professional services firms continued shifting to its cloud platform and the company pushed its agentic AI tools into general availability.

The software provider to professional and financial services firms reported results for the quarter ended 30 September 2026 on 27 October 2026, alongside guidance for the second quarter and the full fiscal year ending 30 June 2027.

Subscription Shift Drives Fiscal Q1 Growth

Subscription revenue, the line previously labeled SaaS revenue before a renaming effective 1 July 2026, rose 29% to US$125.5 million. License revenue fell to US$23.0 million from US$29.2 million, while professional services revenue edged up to US$12.7 million from US$12.3 million.

Cloud ARR accounted for 85% of total ARR, up from 80% a year earlier, and cloud net revenue retention on a trailing twelve-month basis stood at 123%. Gross Margin was 77.9% on a GAAP basis and 80.4% on a non-GAAP basis. The client base included 908 firms with annual recurring revenue above US$100,000 and more than 1,400 above US$50,000.

Profitability and Cash Generation Improve

The GAAP operating loss narrowed to US$1.1 million from US$14.5 million a year earlier, and the GAAP net loss improved to US$1.3 million, or US$0.02 per share, from US$14.4 million, or US$0.18 per share. Non-GAAP Operating Income rose to US$35.4 million from US$20.9 million, and non-GAAP Net Income reached US$34.4 million.

Operating cash flow doubled to US$28.4 million and free cash flow, a non-GAAP measure, rose to US$28.1 million from US$13.2 million. Cash and equivalents ended the quarter at US$147.7 million, down from US$162.8 million on 30 June 2026 after the US$25.0 million share buyback.

AI Product Rollout and Fiscal 2027 Guidance

Chairman and Chief Executive John Hall framed the quarter around what the company calls Firm AI. Intapp Celeste is now generally available, and new offerings such as Compliance with Celeste and Time with Celeste embed agentic AI into Business acceptance, risk management and revenue workflows. The company also highlighted collaborations with OpenAI, Moody's and Legora, launched the Intapp Profitability Network partner program for law firm pricing and billing, and cited client wins or expansions at firms including Baker Donelson, Bryan Cave Leighton Paisner, Shoosmiths and Forvis Mazars.

For Q2 fiscal 2027, Intapp expects subscription revenue of US$129.1 million to US$130.1 million and total revenue of US$158.8 million to US$159.8 million. For the full fiscal year, it targets total revenue of US$658.2 million to US$662.2 million, subscription revenue of US$530.5 million to US$534.5 million, non-GAAP operating income of US$136.8 million to US$140.8 million and non-GAAP diluted earnings per share of US$1.64 to US$1.68. Shares closed at US$42.21 on 30 October 2026, up 7.95% on the day, giving a market Capitalization of about US$3.24 billion.

FAQs

Q: What is Intapp Celeste?

A: It is the company's agentic AI offering for professional services firms, now generally available and embedded in products such as Compliance with Celeste and Time with Celeste.

Q: What revenue does Intapp expect for fiscal 2027?

A: The company guided to total revenue of US$658.2 million to US$662.2 million for the fiscal year ending 30 June 2027.

Q: How large is Intapp's recurring revenue base?

A: Total ARR was US$607.1 million at 30 September 2026, with cloud ARR of US$515.3 million.

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