Intapp (NASDAQ:INTA) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Key Points

• Intapp beat Q3 expectations with $0.29 EPS vs. $0.28 consensus and revenue of $146.04M (up 13.1% YoY), and raised guidance to $0.360–0.380 Q4 and $1.220–1.240 FY2026, well above Street estimates.
• Cloud momentum was strong: cloud ARR $459.3M (+31% YoY), SaaS revenue $107.9M (+27%), 123% cloud NRR and record free cash flow of $63.4M, while the new AI platform Celeste accounted for over 15% of net new bookings.
• Risks remain — Intapp reported a negative net margin (~‑4.37%), declining license revenue and higher operating expenses, and Celeste is still in limited availability so broader monetization is nascent.

Intapp (NASDAQ:INTA - Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01, FiscalAI reports. The firm had revenue of $146.04 million for the quarter, compared to analyst estimates of $144.32 million. Intapp had a negative net margin of 4.37% and a negative return on equity of 0.62%. The business's revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.26 EPS. Intapp updated its Q4 2026 guidance to 0.360-0.380 EPS and its FY 2026 guidance to 1.220-1.240 EPS.

Here are the key takeaways from Intapp's conference call:

• Intapp delivered a strong quarter with cloud ARR of $459.3M (up 31% YoY), SaaS revenue of $107.9M (up 27% YoY), total revenue of $146M (up 13% YoY), 123% cloud NRR, and a record free cash flow quarter of $63.4M.
• The company launched its AI-native agent platform Celeste in limited availability and says Celeste accounted for over 15% of net new bookings this quarter, with early client wins (e.g., Ropes & Gray) and a strong pipeline.
• Strategic ecosystem validation—public endorsements and deeper alliances with Microsoft, Anthropic, and others plus expanding Azure/marketplace activity are driving deal velocity and larger enterprise transactions.
• Management argues Intapp has a unique compliance-and-workflow moat that can expand TAM and enable new consumption-based pricing, but these are largely forward-looking claims tied to early-stage adoption.
• Near-term risks include declining license revenue (down 22% YoY as clients migrate to cloud), higher non-GAAP operating expenses ($89.3M), and that Celeste is still in limited availability so broader monetization is nascent.

Intapp Stock Up 1.7%

Intapp stock traded up $0.41 during mid-day trading on Tuesday, reaching $24.08. 751,200 shares of the company's stock were exchanged, compared to its average volume of 783,751. Intapp has a twelve month low of $19.24 and a twelve month high of $58.84. The company has a fifty day moving average of $23.96 and a 200-day moving average of $33.60. The company has a market cap of $1.94 billion, a P/E ratio of -80.27, a P/E/G ratio of 84.54 and a beta of 0.49.

Intapp News Summary

Here are the key news stories impacting Intapp this week:

• Positive Sentiment: Q3 results beat expectations — Intapp reported $0.29 EPS vs. ~$0.28 consensus and revenue of $146.04M vs. ~$144.3M; revenue was up ~13.1% year‑over‑year. Intapp announces third quarter fiscal year 2026 financial results
• Positive Sentiment: Management raised guidance materially above Street forecasts — FY2026 EPS guide of $1.220–1.240 vs. consensus ~0.98, and Q4 EPS guide of $0.360–0.380 vs. ~0.30; revenue guides modestly above consensus. This upward guidance is driving optimism about margin and earnings trajectory. Intapp announces third quarter fiscal year 2026 financial results
• Positive Sentiment: Company highlighted new client adds and expansion of product mix across sectors — a signal of durable demand and cross‑sell potential for its governed AI platform. Intapp announces third quarter fiscal year 2026 financial results
• Neutral Sentiment: Analyst write‑ups and metric comparisons are available — Zacks and others contextualize the beat and provide deeper metric comparisons vs. Wall Street and year‑ago figures. Useful for modeling the raise vs. prior expectations. Intapp (INTA) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
• Neutral Sentiment: Company provided investor materials — press release, slide deck and conference call transcript are posted for details on assumptions behind the guidance and margin outlook. Intapp earnings materials
• Negative Sentiment: Profitability remains a concern — Intapp reported a negative net margin (~‑4.37%) and negative ROE (~‑0.62%), so improved GAAP profitability still depends on scaling revenue and controlling costs. Intapp earnings details
• Negative Sentiment: Street estimates still vary — some published forecasts remain cautious (one dataset shows consensus near break‑even for the current fiscal year), so the stock could reprice if management’s execution or macro conditions deviate from the new, higher targets. INTA Tops Q3 Earnings and Revenue Estimates

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on INTA. JPMorgan Chase & Co. lowered their price objective on shares of Intapp from $70.00 to $58.00 and set an "overweight" rating for the company in a research report on Wednesday, February 4th. UBS Group lowered their price objective on shares of Intapp from $54.00 to $46.00 and set a "buy" rating for the company in a research report on Thursday, April 23rd. Stifel Nicolaus lowered their price objective on shares of Intapp from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, February 26th. Wall Street Zen cut shares of Intapp from a "strong-buy" rating to a "buy" rating in a research report on Sunday, April 19th. Finally, Truist Financial set a $35.00 price objective on shares of Intapp in a research report on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $36.43.

Institutional Investors Weigh In On Intapp

A number of hedge funds and other institutional investors have recently modified their holdings of INTA. Wellington Management Group LLP raised its holdings in shares of Intapp by 143.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,891,556 shares of the company's stock valued at $77,365,000 after purchasing an additional 1,115,392 shares in the last quarter. Barclays PLC raised its stake in Intapp by 1,160.6% during the 4th quarter. Barclays PLC now owns 1,094,989 shares of the company's stock worth $50,172,000 after acquiring an additional 1,008,128 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Intapp by 103.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,212,052 shares of the company's stock worth $55,536,000 after acquiring an additional 617,649 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Intapp by 65.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,478,394 shares of the company's stock worth $67,741,000 after acquiring an additional 582,419 shares in the last quarter. Finally, Praesidium Investment Management Company LLC raised its stake in Intapp by 26.2% during the 3rd quarter. Praesidium Investment Management Company LLC now owns 1,743,083 shares of the company's stock worth $71,292,000 after acquiring an additional 361,691 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Intapp announced that its board has initiated a share buyback program on Tuesday, February 3rd that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 7.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

About Intapp

Intapp, Inc, headquartered in Palo Alto, California, is a leading provider of cloud-based software solutions designed to meet the unique needs of professional services firms, including law firms, accounting practices, and financial institutions. The company's integrated platform connects front-office business development with back-office risk and compliance functions, enabling organizations to streamline workflows, improve collaboration and enhance client service.

Intapp's suite of applications—such as Intake, Conflicts, Risk, Open, Time and Flow—addresses the entire client lifecycle.

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