Start here if you're new
what it is
Intapp sells cloud software that helps banks, law firms, and consultants manage deals, clients, and compliance.
how it gets paid
Last year Intapp made $504M in revenue. Private capital workflow was the main engine at $140M, or 28% of sales.
why it's growing
Revenue grew 17.1% last year. The $279M top line mattered most because it was up 99% Vs.
what just happened
Intapp posted $279M in quarterly revenue, up 99% from a year earlier.
At a glance
B+ balance sheet — decent shape, but not bulletproof
65/100 earnings predictability — reasonably predictable
-$0.23 fy2025 eps est
$504M fy2025 rev est
5.4% operating margin
xvary composite: 46/100 — below average
What they do
Intapp sells cloud software that helps banks, law firms, and consultants manage deals, clients, and compliance.
You are not buying generic office software. You are buying workflow software → tools that move work from email to system → leaving hurts because 2,750 clients already built process around it. Intapp also keeps 74.8% gross margin, so the product earns software math, not services math.
How they make money
$504M
annual revenue · their business grew +17.1% last year
Private capital workflow
$140M
Investment banking workflow
$111M
Legal workflow
$91M
Accounting workflow
$81M
Consulting workflow
$81M
The products that matter
core cloud workflow software
Intapp Platform
$434M cloud ARR · 124% retention
this is the engine. It supports $434M of cloud ARR, and a 124% net retention rate means current customers are still expanding inside the product.
recurring core
agentic ai workflow layer
Intapp Celeste
launched feb 2026 · revenue not disclosed
Celeste is the new AI layer on top of a business that just posted $140.2M in quarterly revenue and $102.5M of SaaS sales. The opportunity is real. The proof of adoption is still thin.
early bet
implementation and customer support
Support & Services
$37.7M quarter revenue · -7% growth
this piece brought in $37.7M last quarter, or 27% of revenue, but it shrank 7%. That usually means the company is leaning harder into software mix than human-hours revenue.
mix shift
Key numbers
$504M
annual revenue
That is the size of the whole business. It is big enough to matter and small enough for one product miss to move the stock.
74.8%
gross margin
The company keeps about 75 cents before overhead on each sales dollar. That is the difference between software and services.
5.4%
operating margin
After payroll and sales costs, each $100 of revenue loses $5.40. That is the math Wall Street watches.
2,750
clients
That many customers make the product hard to rip out. Replacing it means new software, new training, and new headaches.
Financial health
B+
strength
- balance sheet grade B+ — solid but not elite
- risk rank 3 — safer than 50% of stocks
- price stability 15 / 100
- long-term debt $16M (1% of capital)
B+ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for INTA right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Intapp posted $279M in quarterly revenue, up 99% from a year earlier.
Gross margin was 74.8%. EPS was -$0.25, so revenue growth outran profit growth.
$279M
revenue
-$0.25
eps
74.8%
gross margin
the number that mattered
The $279M top line mattered most because it was up 99% Vs. last year, which is hard to fake in enterprise software.
source: company earnings report, 2026
Get this snapshot in your inbox
This page, delivered free — plus weekly updates when the numbers change. plain english, no spam.
weekly updates
earnings alerts
plain english
no spam
What could go wrong
The top risk here is cloud growth slowing before Intapp reaches meaningful scale. This is a niche software company priced for durable expansion, not a sleepy maintenance vendor.
med
The $1B ARR story may stay a story
Management has a $1B annual recurring revenue ambition, but the snapshot only shows $434M of cloud ARR today. That is real progress, not the finish line.
If ARR growth slows before scale shows up, a 5.7x sales multiple stops looking like patience and starts looking expensive.
med
General software vendors can move down-market into the niche
Intapp wins by understanding law, finance, and consulting workflows better than broad platforms do. If Microsoft, Salesforce, or adjacent vendors close that vertical gap, retention can compress fast.
A drop in cloud net retention from 124% toward 100% would tell you expansion revenue is fading and the moat is narrower than it looked.
med
AI could raise expectations faster than revenue
Celeste launched in February 2026, but no revenue contribution is disclosed here. That means the product may be strategically important before it is financially visible.
If AI adds cost and sales effort before it adds bookings, operating leverage gets pushed further out.
This risk picture comes back to two numbers: 124% retention and $415M–$419M SaaS guidance. If both hold, the thesis survives. If both crack, the drawdown can get another chapter.
source: institutional data · regulatory filings · risk analysis
Pay attention to
earnings
Q3 FY2026 earnings
Expected report date is May 5, 2026. Watch SaaS guidance against the current $415M–$419M full-year target.
retention
Cloud net retention
124% is the bull case in one number. If it drifts meaningfully lower, the expansion engine is cooling.
capital return
$200M buyback execution
The authorization equals about 7.3% of shares outstanding. Pace matters. A fast start would be a louder signal than the press release.
product risk
Celeste adoption proof
Case studies, expansion wins, or disclosed monetization would matter more than launch language. Right now, the AI story is still early.
Analyst rankings
earnings predictability
65 / 100
That is decent, not pristine. In human-speak, analysts expect some volatility but not total chaos.
beta
1.4
Beta: 1.4. When the market moves, INTA has historically moved more. You are not buying a bunker stock.
source: institutional data
Institutional activity
institutional ownership data for INTA is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$43
current price
n/a
target midpoint · n/a from current
Want the deeper analysis?
The full deep dive: dcf model, scenario analysis, competitive moat breakdown, and quarterly tracking — everything on this page, taken further.
see plans from $5/moThe deep dive