Intapp announces fourth quarter and fiscal year 2025 financial results
-
Fourth quarter SaaS revenue of
$90.2 million 27% year-over-year -
Cloud annual recurring revenue (ARR) of
$383.1 million 29% year-over-year -
Trailing twelve months cloud net revenue retention rate as of June 30, 2025 was
120%
“We are pleased to report a solid fourth quarter to cap off a strong and exciting year,” said John Hall, CEO of Intapp. “Our fiscal year 2025 results are reflective of the hard work we've done to launch innovative new AI solutions, expand our client base around the globe, forge new partnerships, and help firms move to the cloud. We're excited to enter the new year with momentum.”
Fourth Quarter of Fiscal Year 2025 Financial Highlights
-
SaaS revenue was
$90.2 million 27% year-over-year increase compared to the fourth quarter of fiscal year 2024. -
Total revenue was
$135.0 million 18% year-over-year increase compared to the fourth quarter of fiscal year 2024. -
Cloud ARR was
$383.1 million 29% year-over-year increase compared to Cloud ARR as of June 30, 2024. Cloud ARR represented79% of total ARR as of June 30, 2025, compared to73% as of June 30, 2024. -
Total ARR was
$485.4 million 20% year-over-year increase compared to total ARR as of June 30, 2024. -
GAAP operating loss was
$(4.2) million $0.3 million -
Non-GAAP operating income was
$21.3 million $13.5 million -
GAAP net loss was
$(0.5) million $(0.6) million -
Non-GAAP net income was
$23.0 million $11.9 million -
GAAP net loss per share was
$(0.01) $(0.01) -
Non-GAAP diluted net income per share was
$0.27 $0.15
Fiscal Year 2025 Financial Highlights
-
SaaS revenue was
$331.9 million 28% year-over-year increase compared to fiscal year 2024. -
Total revenue was
$504.1 million 17% year-over-year increase compared to fiscal year 2024. -
GAAP operating loss was
( , compared to a GAAP operating loss of$27.4) million ( in fiscal year 2024.$32.2) million -
Non-GAAP operating income was
$75.6 million $38.7 million -
GAAP net loss was
( , compared to a GAAP net loss of$18.2) million ( in fiscal year 2024.$32.0) million -
Non-GAAP net income was
$78.9 million $36.4 million -
GAAP net loss per share was
$(0.23) $(0.45) -
Non-GAAP diluted net income per share was
$0.94 $0.45 -
Cash and cash equivalents were
$313.1 million $208.4 million -
For the fiscal year ended June 30, 2025, net cash provided by operating activities was
$123.5 million $67.2 million
Business Highlights
-
As of June 30, 2025, we served more than 2,700 clients, 795 of which each had contracts greater than
$100,000 $1.0 million -
We upsold and cross-sold our existing clients such that our trailing twelve months’ cloud net revenue retention rate as of June 30, 2025 was
120% . - We continued to add new clients and expand existing accounts including law firms Blank Rome, Colin Biggers & Paisley, and Sills Cummis & Gross.
- We continued to develop our partner ecosystem and announced new or expanded partnerships with MSCI, Snowflake, and SUBSCRIBE.
-
We revealed the results of our 2025 Technology Perceptions original research study, which found that
72% of accounting, consulting, legal, and private capital professionals are using AI at work, compared to just48% in 2024.
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Fiscal 2026 Outlook |
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First Quarter |
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Fiscal Year |
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(in millions, except per share data) |
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SaaS revenue |
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Total revenue |
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Non-GAAP operating income |
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Non-GAAP diluted net income per share |
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The guidance provided above constitutes forward-looking statements and actual results may differ materially. Refer to the “Forward-Looking Statements” safe harbor section below for information on the factors that could cause our actual results to differ materially from these forward-looking statements.
The information presented in this press release includes non-GAAP financial measures such as “non-GAAP operating income,” “non-GAAP net income,” and “non-GAAP diluted net income per share.” Refer to “Non-GAAP Financial Measures and Other Metrics” for a discussion of these measures and the financial tables below for reconciliations of each non-GAAP financial measure to the most directly comparable GAAP financial measure.
The guidance regarding non-GAAP operating income excludes known pre-tax charges related to estimated stock-based compensation of
Corporate Presentation
A supplemental financial presentation and other information will be accessible through Intapp’s investor relations website at https://investors.intapp.com/.
Webcast
Intapp will host a conference call for analysts and investors on Tuesday, August 12, 2025, beginning at 2:00 p.m. PT (5:00 p.m. ET). The call will be webcast live via the “Investors” section of the Intapp company website at https://investors.intapp.com/. A replay of the call will be available through the Intapp website for 90 days.
About Intapp
Intapp software helps professionals unlock their teams’ knowledge, relationships, and operational insights to increase value for their firms. Using the power of Applied AI, we make firm and market intelligence easy to find, understand, and use. With Intapp’s portfolio of vertical SaaS solutions, professionals can apply their collective expertise to make smarter decisions, manage risk, and increase competitive advantage. The world’s top firms — across accounting, consulting, investment banking, legal, private capital, and real assets — trust Intapp’s industry-specific platform and solutions to modernize and drive new growth.
Forward-Looking Statements
This press release contains express and implied “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our financial outlook for the first quarter and full fiscal year 2026, growth strategy, business plans and market position. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “would,” “should,” “could,” “can,” “predict,” “potential,” “target,” “explore,” “continue,” “expand,” “outlook” or the negative of these terms, and similar expressions intended to identify forward-looking statements. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond our control, that could cause actual results, performance, or achievement to differ materially and adversely from those anticipated or implied in the statements, including: our ability to continue our growth at or near historical rates; our future financial performance and ability to be profitable; the effect of global events on the
Presentation Changes Related to SaaS and License Revenue
Effective July 1, 2024, the Company adjusted the classification of support services related to subscription license to be included within “license” on the consolidated statements of operations. Prior to July 1, 2024, support services related to subscription license was included in a line item entitled “SaaS and Support.” Accordingly, effective July 1, 2024, SaaS revenues include subscription fees from clients accessing our SaaS solutions, premium support services related to SaaS, and updates, if any, to the subscribed service during the subscription term. There was no change to the Company's revenue recognition policy, except for the change in classification noted herein.
The presentation of cost of revenues has been conformed to reflect the changes related to the presentation of revenues. Such reclassifications related to the presentation of revenues and cost of revenues did not affect total revenues, operating income, or net income.
Non-GAAP Financial Measures and Other Metrics
This press release contains the following non-GAAP financial measures: non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP net income, and non-GAAP diluted net income per share. These non-GAAP measures exclude the impact of stock-based compensation, amortization of intangible assets, expenses associated with acquisition-related contingent and deferred liabilities, transaction costs, restructuring and other costs and the income tax effect of non-GAAP adjustments. Stock-based compensation includes the net effects of capitalization and amortization of stock-based compensation related to capitalized internal-use software costs. See below for a reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure.
Free cash flow is a non-GAAP financial measure, and a supplemental liquidity measure that management uses to evaluate our core operating business and our ability to meet our current and future financing and investing needs. It consists of net cash provided by operating activities less cash paid for purchases of property and equipment. See below for a reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure.
Other metrics include total ARR, Cloud ARR and Cloud net revenue retention rate. Total ARR represents the annualized recurring value of all active SaaS and on-premise license contracts at the end of a reporting period. Cloud ARR is the portion of the annualized recurring value of our active SaaS contracts at the end of a reporting period. Contracts with a term other than one year are annualized by taking the committed contract value for the current period divided by number of days in that period, then multiplying by 365. Cloud net revenue retention rate is the portion of our net revenue retention rate, which represents the net revenue retention of our SaaS contracts. We calculate Cloud net revenue retention by starting with the Cloud ARR from the cohort of all clients as of the twelve months prior to the applicable fiscal period, or prior period Cloud ARR. We then calculate the Cloud ARR from these same clients as of the current fiscal period, or current period Cloud ARR. We then divide the current period Cloud ARR by the prior period Cloud ARR to calculate the Cloud net revenue retention.
We believe these non-GAAP financial measures and metrics provide useful information to investors as they are used by management to manage the business, make planning decisions, evaluate our performance, and allocate resources and provide useful information regarding certain financial and business trends relating to our financial condition and results of operations. These non-GAAP financial measures, which may be different than similarly-titled measures used by other companies, should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.
Guidance for non-GAAP financial measures excludes stock-based compensation expense, amortization of intangible assets, expenses associated with acquisition-related contingent and deferred liabilities, transaction costs, restructuring and other costs and the income tax effect of non-GAAP adjustments. Non-GAAP diluted net income per share is calculated by dividing non-GAAP net income by the estimated diluted weighted average shares outstanding for the period.
INTAPP, INC. |
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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS |
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(Unaudited, in thousands, except per share data and percentages) |
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Three Months Ended
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Year Ended
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2025 |
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2024 |
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2025 |
|
2024 |
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Revenues |
|
|
|
|
|
|
|
|
|
|
|
|||||
SaaS |
$ |
90,186 |
|
|
$ |
70,835 |
|
|
$ |
331,948 |
|
|
$ |
259,256 |
|
|
License |
|
31,831 |
|
|
|
30,254 |
|
|
|
120,024 |
|
|
|
117,386 |
|
|
Professional services |
|
13,022 |
|
|
|
13,287 |
|
|
|
52,148 |
|
|
|
53,881 |
|
|
Total revenues |
|
135,039 |
|
|
|
114,376 |
|
|
|
504,120 |
|
|
|
430,523 |
|
|
Cost of revenues |
|
|
|
|
|
|
|
|
|
|
|
|||||
SaaS |
|
18,207 |
|
|
|
14,611 |
|
|
|
66,714 |
|
|
|
53,487 |
|
|
License |
|
1,363 |
|
|
|
1,489 |
|
|
|
6,256 |
|
|
|
6,344 |
|
|
Professional services |
|
14,512 |
|
|
|
14,638 |
|
|
|
58,178 |
|
|
|
63,830 |
|
|
Total cost of revenues |
|
34,082 |
|
|
|
30,738 |
|
|
|
131,148 |
|
|
|
123,661 |
|
|
Gross profit |
|
100,957 |
|
|
|
83,638 |
|
|
|
372,972 |
|
|
|
306,862 |
|
|
Gross margin |
|
74.8 |
% |
|
|
73.1 |
% |
|
|
74.0 |
% |
|
|
71.3 |
% |
|
Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|||||
Research and development |
|
37,919 |
|
|
|
29,838 |
|
|
|
137,760 |
|
|
|
113,634 |
|
|
Sales and marketing |
|
43,037 |
|
|
|
33,232 |
|
|
|
163,846 |
|
|
|
138,176 |
|
|
General and administrative |
|
24,216 |
|
|
|
20,266 |
|
|
|
98,723 |
|
|
|
87,243 |
|
|
Total operating expenses |
|
105,172 |
|
|
|
83,336 |
|
|
|
400,329 |
|
|
|
339,053 |
|
|
Operating (loss) income |
|
(4,215 |
) |
|
|
302 |
|
|
|
(27,357 |
) |
|
|
(32,191 |
) |
|
Interest and other income, net |
|
4,615 |
|
|
|
413 |
|
|
|
11,219 |
|
|
|
2,285 |
|
|
Net income (loss) before income taxes |
|
400 |
|
|
|
715 |
|
|
|
(16,138 |
) |
|
|
(29,906 |
) |
|
Income tax expense |
|
(928 |
) |
|
|
(1,312 |
) |
|
|
(2,079 |
) |
|
|
(2,115 |
) |
|
Net loss |
$ |
(528 |
) |
|
$ |
(597 |
) |
|
$ |
(18,217 |
) |
|
$ |
(32,021 |
) |
|
Net loss per share, basic and diluted |
$ |
(0.01 |
) |
|
$ |
(0.01 |
) |
|
$ |
(0.23 |
) |
|
$ |
(0.45 |
) |
|
Weighted-average shares used to compute net loss per share, basic and diluted |
|
81,281 |
|
|
|
73,898 |
|
|
|
78,710 |
|
|
|
71,488 |
|
|
|
|
|
|
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INTAPP, INC. |
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CONDENSED CONSOLIDATED BALANCE SHEETS |
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(Unaudited, in thousands) |
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June 30, 2025 |
|
June 30, 2024 |
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Assets |
|
|
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|
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Current assets: |
|
|
|
|
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|
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Cash and cash equivalents |
|
$ |
313,109 |
|
|
$ |
208,370 |
|
Restricted cash |
|
|
200 |
|
|
|
200 |
|
Accounts receivable, net |
|
|
89,667 |
|
|
|
95,103 |
|
Unbilled receivables, net |
|
|
19,462 |
|
|
|
13,300 |
|
Other receivables, net |
|
|
5,866 |
|
|
|
2,743 |
|
Prepaid expenses |
|
|
11,971 |
|
|
|
9,031 |
|
Deferred commissions, current |
|
|
15,605 |
|
|
|
13,907 |
|
Total current assets |
|
|
455,880 |
|
|
|
342,654 |
|
Property and equipment, net |
|
|
23,157 |
|
|
|
18,944 |
|
Operating lease right-of-use assets |
|
|
18,139 |
|
|
|
21,382 |
|
Goodwill |
|
|
326,260 |
|
|
|
285,969 |
|
Intangible assets, net |
|
|
40,699 |
|
|
|
40,293 |
|
Deferred commissions, noncurrent |
|
|
20,761 |
|
|
|
18,495 |
|
Other assets |
|
|
9,265 |
|
|
|
5,262 |
|
Total assets |
|
$ |
894,161 |
|
|
$ |
732,999 |
|
Liabilities and Stockholders’ Equity |
|
|
|
|
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|
||
Current liabilities: |
|
|
|
|
|
|
||
Accounts payable |
|
$ |
16,497 |
|
|
$ |
13,348 |
|
Accrued compensation |
|
|
51,654 |
|
|
|
42,066 |
|
Accrued expenses |
|
|
12,647 |
|
|
|
12,040 |
|
Deferred revenue, net |
|
|
256,994 |
|
|
|
218,923 |
|
Other current liabilities |
|
|
12,066 |
|
|
|
14,270 |
|
Total current liabilities |
|
|
349,858 |
|
|
|
300,647 |
|
Deferred tax liabilities |
|
|
1,716 |
|
|
|
1,336 |
|
Deferred revenue, noncurrent |
|
|
2,002 |
|
|
|
3,563 |
|
Operating lease liabilities, noncurrent |
|
|
16,114 |
|
|
|
19,605 |
|
Other liabilities |
|
|
4,706 |
|
|
|
4,610 |
|
Total liabilities |
|
|
374,396 |
|
|
|
329,761 |
|
Stockholders’ equity: |
|
|
|
|
|
|
||
Common stock |
|
|
82 |
|
|
|
75 |
|
Additional paid-in capital |
|
|
1,025,712 |
|
|
|
891,681 |
|
Accumulated other comprehensive loss |
|
|
(630 |
) |
|
|
(1,336 |
) |
Accumulated deficit |
|
|
(505,399 |
) |
|
|
(487,182 |
) |
Total stockholders’ equity |
|
|
519,765 |
|
|
|
403,238 |
|
Total liabilities and stockholders’ equity |
|
$ |
894,161 |
|
|
$ |
732,999 |
|
|
|
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INTAPP, INC. |
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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS |
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(Unaudited, in thousands) |
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|
|
|
||||||||||
|
|
Three Months Ended
|
|
Year Ended
|
||||||||||||
|
|
2025 |
|
2024 |
|
2025 |
|
2024 |
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Cash Flows from Operating Activities: |
|
|
|
|
|
|
|
|
||||||||
Net loss |
$ |
(528 |
) |
|
$ |
(597 |
) |
|
$ |
(18,217 |
) |
|
$ |
(32,021 |
) |
|
Adjustments to reconcile net loss to net cash provided by operating activities: |
|
|
|
|
|
|
|
|
|
|
|
|||||
Depreciation and amortization |
|
4,680 |
|
|
|
4,698 |
|
|
|
17,672 |
|
|
|
16,704 |
|
|
Amortization of operating lease right-of-use assets |
|
1,253 |
|
|
|
1,259 |
|
|
|
5,039 |
|
|
|
4,781 |
|
|
Accounts receivable allowances |
|
481 |
|
|
|
916 |
|
|
|
1,973 |
|
|
|
3,711 |
|
|
Stock-based compensation |
|
19,971 |
|
|
|
10,604 |
|
|
|
88,086 |
|
|
|
59,895 |
|
|
Change in fair value of contingent consideration |
|
(23 |
) |
|
|
(1,565 |
) |
|
|
(1,027 |
) |
|
|
(3,290 |
) |
|
Deferred income taxes |
|
833 |
|
|
|
302 |
|
|
|
448 |
|
|
|
(22 |
) |
|
Other |
|
53 |
|
|
|
124 |
|
|
|
389 |
|
|
|
239 |
|
|
Changes in operating assets and liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|||||
Accounts receivable |
|
(30,268 |
) |
|
|
(15,239 |
) |
|
|
1,170 |
|
|
|
(5,138 |
) |
|
Unbilled receivables, current |
|
(1,896 |
) |
|
|
3,165 |
|
|
|
(6,162 |
) |
|
|
(2,639 |
) |
|
Prepaid expenses and other assets |
|
(1,302 |
) |
|
|
(1,605 |
) |
|
|
(8,003 |
) |
|
|
(5,740 |
) |
|
Deferred commissions |
|
(4,412 |
) |
|
|
(2,302 |
) |
|
|
(3,716 |
) |
|
|
(4,066 |
) |
|
Accounts payable and accrued liabilities |
|
14,683 |
|
|
|
3,172 |
|
|
|
13,491 |
|
|
|
9,438 |
|
|
Deferred revenue, net |
|
35,335 |
|
|
|
23,328 |
|
|
|
35,327 |
|
|
|
28,261 |
|
|
Operating lease liabilities |
|
(1,448 |
) |
|
|
(783 |
) |
|
|
(5,132 |
) |
|
|
(4,266 |
) |
|
Other liabilities |
|
931 |
|
|
|
1,602 |
|
|
|
2,191 |
|
|
|
1,384 |
|
|
Net cash provided by operating activities |
|
38,343 |
|
|
|
27,079 |
|
|
|
123,529 |
|
|
|
67,231 |
|
|
Cash Flows from Investing Activities: |
|
|
|
|
|
|
|
|
|
|
|
|||||
Purchases of property and equipment |
|
(878 |
) |
|
|
(729 |
) |
|
|
(1,673 |
) |
|
|
(2,457 |
) |
|
Capitalized internal-use software costs |
|
(1,875 |
) |
|
|
(1,181 |
) |
|
|
(7,370 |
) |
|
|
(6,398 |
) |
|
Business combinations, net of cash acquired |
|
(50,935 |
) |
|
|
(10,973 |
) |
|
|
(51,832 |
) |
|
|
(10,973 |
) |
|
Purchase of strategic investments |
|
(2,000 |
) |
|
|
— |
|
|
|
(2,000 |
) |
|
|
— |
|
|
Net cash used in investing activities |
|
(55,688 |
) |
|
|
(12,883 |
) |
|
|
(62,875 |
) |
|
|
(19,828 |
) |
|
Cash Flows from Financing Activities: |
|
|
|
|
|
|
|
|
|
|
|
|||||
Payments for deferred offering costs |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(781 |
) |
|
Proceeds from stock option exercises |
|
4,706 |
|
|
|
5,539 |
|
|
|
40,845 |
|
|
|
30,726 |
|
|
Proceeds from employee stock purchase plan |
|
2,110 |
|
|
|
1,706 |
|
|
|
4,080 |
|
|
|
3,431 |
|
|
Payments of contingent consideration and holdback associated with acquisitions |
|
(1,332 |
) |
|
|
(500 |
) |
|
|
(3,742 |
) |
|
|
(3,051 |
) |
|
Net cash provided by financing activities |
|
5,484 |
|
|
|
6,745 |
|
|
|
41,183 |
|
|
|
30,325 |
|
|
Effect of foreign currency exchange rate changes on cash and cash equivalents |
|
1,764 |
|
|
|
3 |
|
|
|
2,902 |
|
|
|
(343 |
) |
|
Net (decrease) increase in cash, cash equivalents and restricted cash |
|
(10,097 |
) |
|
|
20,944 |
|
|
|
104,739 |
|
|
|
77,385 |
|
|
Cash, cash equivalents and restricted cash - beginning of period |
|
323,406 |
|
|
|
187,626 |
|
|
|
208,570 |
|
|
|
131,185 |
|
|
Cash, cash equivalents and restricted cash - end of period |
$ |
313,309 |
|
|
$ |
208,570 |
|
|
$ |
313,309 |
|
|
$ |
208,570 |
|
|
|
|
|
|
|||||||||||||
INTAPP, INC.
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(Unaudited, in thousands, except per share data and percentages)
The following tables reconcile the specific items excluded from GAAP in the calculation of non-GAAP financial measures for the periods indicated below:
Non-GAAP Gross Profit |
||||||||||||||||
|
Three Months Ended
|
|
Year Ended
|
|||||||||||||
|
2025 |
|
2024 |
|
2025 |
|
2024 |
|||||||||
GAAP gross profit |
$ |
100,957 |
|
|
$ |
83,638 |
|
|
$ |
372,972 |
|
|
$ |
306,862 |
|
|
Adjusted to exclude the following: |
|
|
|
|
|
|
|
|
|
|
|
|||||
Stock-based compensation |
|
2,356 |
|
|
|
1,474 |
|
|
|
9,909 |
|
|
|
7,322 |
|
|
Amortization of intangible assets |
|
1,952 |
|
|
|
1,614 |
|
|
|
6,541 |
|
|
|
4,778 |
|
|
Restructuring and other costs |
|
21 |
|
|
|
342 |
|
|
|
123 |
|
|
|
342 |
|
|
Non-GAAP gross profit |
$ |
105,286 |
|
|
$ |
87,068 |
|
|
$ |
389,545 |
|
|
$ |
319,304 |
|
|
Non-GAAP gross margin |
|
78.0 |
% |
|
|
76.1 |
% |
|
|
77.3 |
% |
|
|
74.2 |
% |
|
Non-GAAP Operating Expenses |
||||||||||||||||
|
||||||||||||||||
|
Three Months Ended
|
|
Year Ended
|
|||||||||||||
|
2025 |
|
2024 |
|
2025 |
|
2024 |
|||||||||
GAAP research and development |
$ |
37,919 |
|
|
$ |
29,838 |
|
|
$ |
137,760 |
|
|
$ |
113,634 |
|
|
Stock-based compensation |
|
(6,504 |
) |
|
|
(3,231 |
) |
|
|
(24,309 |
) |
|
|
(14,854 |
) |
|
Expenses associated with acquisition-related contingent and deferred liabilities (1) |
|
(754 |
) |
|
|
— |
|
|
|
(754 |
) |
|
|
— |
|
|
Restructuring and other costs |
|
(375 |
) |
|
|
(80 |
) |
|
|
(546 |
) |
|
|
(132 |
) |
|
Non-GAAP research and development |
$ |
30,286 |
|
|
$ |
26,527 |
|
|
$ |
112,151 |
|
|
$ |
98,648 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|||||
GAAP sales and marketing |
$ |
43,037 |
|
|
$ |
33,232 |
|
|
$ |
163,846 |
|
|
$ |
138,176 |
|
|
Stock-based compensation |
|
(5,320 |
) |
|
|
(2,878 |
) |
|
|
(24,557 |
) |
|
|
(17,312 |
) |
|
Amortization of intangible assets |
|
(1,122 |
) |
|
|
(1,318 |
) |
|
|
(4,696 |
) |
|
|
(5,599 |
) |
|
Expenses associated with acquisition-related contingent and deferred liabilities (1) |
|
(754 |
) |
|
|
— |
|
|
|
(754 |
) |
|
|
— |
|
|
Restructuring and other costs |
|
(41 |
) |
|
|
(31 |
) |
|
|
(129 |
) |
|
|
(31 |
) |
|
Non-GAAP sales and marketing |
$ |
35,800 |
|
|
$ |
29,005 |
|
|
$ |
133,710 |
|
|
$ |
115,234 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|||||
GAAP general and administrative |
$ |
24,216 |
|
|
$ |
20,266 |
|
|
$ |
98,723 |
|
|
$ |
87,243 |
|
|
Stock-based compensation |
|
(5,791 |
) |
|
|
(3,021 |
) |
|
|
(29,311 |
) |
|
|
(20,407 |
) |
|
Amortization of intangible assets |
|
(128 |
) |
|
|
(163 |
) |
|
|
(616 |
) |
|
|
(652 |
) |
|
Expenses associated with acquisition-related contingent and deferred liabilities (1) |
|
23 |
|
|
|
1,565 |
|
|
|
1,027 |
|
|
|
3,290 |
|
|
Transaction costs (2) |
|
(297 |
) |
|
|
(536 |
) |
|
|
(1,355 |
) |
|
|
(2,685 |
) |
|
Restructuring and other costs |
|
(111 |
) |
|
|
(93 |
) |
|
|
(347 |
) |
|
|
(93 |
) |
|
Non-GAAP general and administrative |
$ |
17,912 |
|
|
$ |
18,018 |
|
|
$ |
68,121 |
|
|
$ |
66,696 |
|
|
Non-GAAP Operating Income |
||||||||||||||||
|
Three Months Ended
|
|
Year Ended
|
|||||||||||||
|
2025 |
|
2024 |
|
2025 |
|
2024 |
|||||||||
GAAP operating loss |
$ |
(4,215 |
) |
|
$ |
302 |
|
|
$ |
(27,357 |
) |
|
$ |
(32,191 |
) |
|
Adjusted to exclude the following: |
|
|
|
|
|
|
|
|
|
|
|
|||||
Stock-based compensation |
|
19,971 |
|
|
|
10,604 |
|
|
|
88,086 |
|
|
|
59,895 |
|
|
Amortization of intangible assets |
|
3,202 |
|
|
|
3,095 |
|
|
|
11,853 |
|
|
|
11,029 |
|
|
Expenses associated with acquisition-related contingent and deferred liabilities (1) |
|
1,485 |
|
|
|
(1,565 |
) |
|
|
481 |
|
|
|
(3,290 |
) |
|
Transaction costs (2) |
|
297 |
|
|
|
536 |
|
|
|
1,355 |
|
|
|
2,685 |
|
|
Restructuring and other costs |
|
548 |
|
|
|
546 |
|
|
|
1,145 |
|
|
|
598 |
|
|
Non-GAAP operating income |
$ |
21,288 |
|
|
$ |
13,518 |
|
|
$ |
75,563 |
|
|
$ |
38,726 |
|
|
Non-GAAP Net Income |
||||||||||||||||
|
Three Months Ended
|
|
Year Ended
|
|||||||||||||
|
2025 |
|
2024 |
|
2025 |
|
2024 |
|||||||||
GAAP net loss |
$ |
(528 |
) |
|
$ |
(597 |
) |
|
$ |
(18,217 |
) |
|
$ |
(32,021 |
) |
|
Adjusted to exclude the following: |
|
|
|
|
|
|
|
|
|
|
|
|||||
Stock-based compensation |
|
19,971 |
|
|
|
10,604 |
|
|
|
88,086 |
|
|
|
59,895 |
|
|
Amortization of intangible assets |
|
3,202 |
|
|
|
3,095 |
|
|
|
11,853 |
|
|
|
11,029 |
|
|
Expenses associated with acquisition-related contingent and deferred liabilities (1) |
|
1,485 |
|
|
|
(1,565 |
) |
|
|
481 |
|
|
|
(3,290 |
) |
|
Transaction costs (2) |
|
297 |
|
|
|
536 |
|
|
|
1,355 |
|
|
|
2,685 |
|
|
Restructuring and other costs |
|
548 |
|
|
|
546 |
|
|
|
1,145 |
|
|
|
598 |
|
|
Income tax effect of non-GAAP adjustments |
|
(1,929 |
) |
|
|
(766 |
) |
|
|
(5,762 |
) |
|
|
(2,502 |
) |
|
Non-GAAP net income |
$ |
23,046 |
|
|
$ |
11,853 |
|
|
$ |
78,941 |
|
|
$ |
36,394 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
GAAP net loss per share, basic and diluted |
$ |
(0.01 |
) |
|
$ |
(0.01 |
) |
|
$ |
(0.23 |
) |
|
$ |
(0.45 |
) |
|
Non-GAAP net income per share, diluted |
$ |
0.27 |
|
|
$ |
0.15 |
|
|
$ |
0.94 |
|
|
$ |
0.45 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Weighted-average shares used to compute GAAP net loss per share, basic and diluted |
|
81,281 |
|
|
|
73,898 |
|
|
|
78,710 |
|
|
|
71,488 |
|
|
Weighted-average shares used to compute non-GAAP net income per share, diluted |
|
84,984 |
|
|
|
79,967 |
|
|
|
83,832 |
|
|
|
80,312 |
|
|
Free Cash Flow |
||||||||
|
|
Year Ended June 30, |
||||||
|
|
2025 |
|
2024 |
||||
Net cash provided by operating activities |
|
$ |
123,529 |
|
|
$ |
67,231 |
|
Adjusted for the following cash outlay: |
|
|
|
|
|
|
||
Purchases of property and equipment |
|
|
(1,673 |
) |
|
|
(2,457 |
) |
Free cash flow (3) |
|
$ |
121,856 |
|
|
$ |
64,774 |
|
(1) |
Consists of incremental costs, which may include, fair value adjustments on contingent liabilities and compensation expenses related to compensation arrangements entered into concurrent with the closing of an acquisition that will become payable, if at all, only upon the achievement of certain performance milestones. |
|
(2) |
Consists of acquisition-related transaction costs, costs related to a legal settlement incurred in connection with an acquisition and costs related to certain non-capitalized offering-related expenses. |
|
(3) |
Beginning with the second quarter ended December 31, 2023, we have excluded capitalized internal-use software costs and cash paid for interest from the calculation of our free cash flow, which we believe better aligns with industry standard. Our free cash flow for prior period presented were recast to conform to the updated methodology and are reflected herein for comparison purposes. |
View source version on businesswire.com: https://www.businesswire.com/news/home/20250812249063/en/
Investor Contact
David Trone
Senior Vice President, Investor Relations
Intapp, Inc.
ir@intapp.com
Media Contact
Ali Robinson
Global Media Relations Director
Intapp, Inc.
press@intapp.com
Source: Intapp, Inc.
