Intapp, Inc. (INTA) FY2025 10-K Annual Report

Filed: Aug 20, 2025
Information Technology
Services-Prepackaged SoftwareSEC EDGAR

Intapp, Inc. (INTA) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Aug 20, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Intapp, Inc. FY2025 10-K Analysis

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

Intapp, Inc. FY2025 Key Financial Metrics
XBRL

Revenue

$504M

+17.1% YoY

Net Income

-$18M

+43.1% YoY

Gross Margin

74.0%

+271bp YoY

Operating Margin

-5.4%

+205bp YoY

Net Margin

-3.6%

+382bp YoY

ROE

-3.5%

+444bp YoY

Total Assets

$894M

+22.0% YoY

EPS (Diluted)

$-0.23

+48.9% YoY

Operating Cash Flow

$124M

+83.7% YoY

Source: XBRL data from Intapp, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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