Short answer
Intapp, Inc. (INTA) filed its fiscal 2025 10-K annual report with the SEC on Aug 20, 2025. It reported revenue of $504M (+17.1% year over year) and net income of −$18M.
- Top risk flagged: Regulatory risk from EU Artificial Intelligence Act 2024, imposing controls on AI applications effective 2025, increasing compliance costs and liability risks
FY2025 key financial metrics · XBRL
- Revenue
- $504M
- +17.1% YoY
- Net income
- −$18M
- +43.1% YoY
- Operating margin
- -5.4%
- +2.1 pp YoY
- Gross margin
- 74.0%
- +2.7 pp YoY
- EPS (diluted)
- −$0.23
- +48.9% YoY
- ROE
- -3.5%
- +4.4 pp YoY
- Operating cash flow
- $124M
- +83.7% YoY
Source: XBRL data from the Intapp, Inc. (INTA) FY2025 10-K on SEC EDGAR. USD.
Intapp, Inc. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: AI-powered, vertical SaaS solutions for professional services firms in accounting, consulting, investment banking, legal, private capital, and real assets
- New emphasized products: Intapp Assist with generative AI features, Intapp DealCloud Activator integrating behavioral science AI into business development workflows
- Strategic shift: Accelerated move upmarket targeting larger enterprise clients; 49% YoY increase in clients with >$1M ARR (109 vs 73)
- Quantitative metric: Over 2,700 clients total; 12 acquisitions in 13 years including TermSheet for commercial real estate sector expansion in FY2025
- Noteworthy fact: Integration of Intapp Walls with Microsoft Copilot enabling secure, compliant AI collaboration and data isolation for client confidentiality
Management Discussion & Analysis
- Revenue $504.1M, up 17% YoY from $430.5M; SaaS revenues $331.9M up 28%, license flat at $120.0M, professional services down 3%
- Gross margin 74% vs 71% prior year; operating loss improved to (5%) of revenue vs (8%) FY2024
- Best segment: SaaS with $265.2M gross profit (29% increase); worst: professional services negative gross profit $(6.0M) but improved from $(9.9M)
- Operating cash flow $123.5M vs $67.2M prior year; cash and equivalents $313.1M; no borrowings on $100M credit facility; no disclosed buybacks/dividends; capex implicit in investing cash outflow of $62.9M
- Management expects continued investments in R&D and sales/marketing for growth; sees risk in customer retention linked to cloud platform adoption and ROI demonstration
Risk Factors
- Regulatory risk from EU Artificial Intelligence Act 2024, imposing controls on AI applications effective 2025, increasing compliance costs and liability risks
- Macroeconomic exposure to financial services clients amid global banking system volatility and economic downturns impacting client spending and contract renewals
- Operational risk from reliance on third-party cloud providers for data hosting, with heightened cybersecurity threat of sophisticated AI-driven attacks causing potential data breaches
- Competitive risk from rapid AI technology adoption by competitors, threatening market share if Intapp’s AI integration is slower or less effective
- Financial risk from first-priority lien under loan agreement restricting operational flexibility and increasing financial condition vulnerability
Generated from the filing text; verify against the original. How to read a 10-K
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