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Intapp (INTA)
NASDAQ:INTA
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Intapp
(NASDAQ:INTA)
70Outperform
Positive Factors
Financial Performance
Intapp delivered a good finish with total revenue and non-GAAP operating income above estimates.
Market Expansion
International traction was also a bright spot, with wins in Africa and Asia showing its go-to-market strategy is working.
Negative Factors
ARR Growth
Net new ARR came in below our Street-low estimate, primarily in Cloud ARR - reason could be account reassignments which created pause with larger accounts, but steady activity with mid-market.
Intapp (INTA) vs. S&P 500 (SPY)
Market Cap
$4.68B
Dividend YieldN/A
Average Volume (3M)780.03K
Price to Earnings (P/E)―
Beta (1Y)1.79
Revenue Growth18.58%
EPS Growth63.63%
CountryUS
Employees1,235
SectorTechnology
Sector Strength45
IndustrySoftware
Share Statistics
EPS (TTM)-0.29
Shares Outstanding79,397,840
10 Day Avg. Volume586,751
30 Day Avg. Volume780,034
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)9.77
Price to Cash Flow (P/CF)45.00
P/FCF Ratio48.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$76.43Price Target Upside29.54% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
Intapp Business Overview & Revenue Model
Company DescriptionIntapp Inc is a provider of industry-specific, cloud-based software solutions for the professional and financial services industry. It empowers private capital, investment banking, legal, accounting, and consulting firms with the technology they need to meet rapidly changing client, investor, and regulatory requirements.
How the Company Makes MoneyIntapp generates revenue primarily through the sale of its software solutions and related services. The company's revenue model is largely subscription-based, allowing clients to access its cloud-based platforms for a recurring fee. This subscription model provides a predictable and stable revenue stream. Additionally, Intapp offers implementation, training, and consultation services, which contribute to its earnings. The company's strategic partnerships with leading technology providers and its focus on innovation and client-centric solutions further bolster its financial performance. By continuously expanding its product offerings and enhancing its platforms, Intapp maintains a competitive edge in the professional services software market.
Intapp Financial Statement Overview
Summary
Intapp shows robust revenue growth with a 22.96% increase from 2023 to 2024 and efficient cost management with a healthy gross margin of 72.64%. However, it faces challenges in profitability and return on equity, which are offset by strong cash flow performance and positive free cash flow growth.Income Statement
Intapp exhibits strong revenue growth with a 22.96% increase from 2023 to 2024 in TTM. However, the company is yet to achieve profitability as evidenced by negative EBIT and net income margins, indicating ongoing operational challenges. The gross profit margin remains healthy at 72.64% TTM, showcasing cost efficiency in production.70
Positive
Balance Sheet
The company maintains a solid equity position with a debt-to-equity ratio of 0.037 TTM, highlighting low leverage risk. However, the return on equity remains negative due to sustained losses, indicating inefficiencies in utilizing shareholder funds. Equity ratio is at a reasonable level of 58.52% TTM, reflecting a stable capital structure.60
Neutral
Cash Flow
Positive free cash flow growth of 52.09% from 2023 to 2024 reflects improving cash generation. The operating cash flow to net income ratio indicates strong cash conversion at 4.20 TTM. However, the company needs to address net losses to enhance overall financial health.65
Positive
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 465.03M | 430.52M | 350.87M | 272.07M | 214.63M | 186.85M | Gross Profit |
| 337.82M | 306.86M | 239.41M | 172.99M | 140.26M | 115.56M | EBIT |
| -25.41M | -32.19M | -69.26M | -99.46M | -22.96M | -13.92M | EBITDA |
| -6.86M | -8.42M | -49.81M | -83.31M | -8.32M | -4.94M | Net Income Common Stockholders |
| -22.22M | -32.02M | -69.42M | -99.68M | -46.76M | -45.91M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 285.63M | 208.37M | 130.38M | 50.78M | 37.64M | 42.05M | Total Assets |
| 800.59M | 733.00M | 628.91M | 494.41M | 459.83M | 377.01M | Total Debt |
| 17.41M | 19.61M | 16.20M | 0.00 | 275.59M | 279.46M | Net Debt |
| -268.22M | -188.76M | -114.18M | -50.78M | 237.96M | 237.41M | Total Liabilities |
| 332.20M | 329.76M | 287.70M | 238.53M | 473.26M | 403.53M | Stockholders Equity |
| 468.39M | 403.24M | 341.21M | 255.88M | -13.43M | -26.52M |
| Cash Flow | Free Cash Flow | ||||
| 88.80M | 58.38M | 19.75M | 9.45M | -14.75M | -6.54M | Operating Cash Flow |
| 93.27M | 67.23M | 27.49M | 14.24M | -9.75M | -1.41M | Investing Cash Flow |
| -19.78M | -19.83M | -14.34M | -7.29M | -25.60M | -5.13M | Financing Cash Flow |
| 46.14M | 30.32M | 64.10M | 6.65M | 32.40M | 27.25M |
Intapp Technical Analysis
Negative
59.00
Price Trends
67.30
Negative
63.20
Negative
51.51
Positive
Market Momentum
-2.51
Positive
40.57
Neutral
27.10
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INTA, the sentiment is Negative. The current price of 59 is below the 20-day moving average (MA) of 65.90, below the 50-day MA of 67.30, and above the 200-day MA of 51.51, indicating a neutral trend. The MACD of -2.51 indicates Positive momentum. The RSI at 40.57 is Neutral, neither overbought nor oversold. The STOCH value of 27.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for INTA.
Intapp Risk Analysis
Intapp disclosed 45 risk factors in its most recent earnings report. Intapp reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Intapp Peers Comparison
Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $1.48B | ― | -53.07% | ― | 8.71% | 2.42% | |
70 Outperform | $4.68B | ― | -5.29% | ― | 18.58% | 63.63% | |
67 Neutral | $30.81B | 6,884.27 | 0.29% | ― | 21.07% | ― | |
66 Neutral | $3.02B | 21.58 | 45.56% | ― | 10.74% | 200.08% | |
58 Neutral | $21.35B | 9.98 | -18.95% | 2.37% | 5.03% | -22.66% | |
48 Neutral | $2.81B | ― | -11.44% | ― | -2.74% | 34.70% |
* Technology Sector Average
Performance Comparison
INTA
Intapp
61.05
27.25
80.62%
HUBS
HubSpot
611.06
-13.94
-2.23%
BL
BlackLine
48.20
-19.83
-29.15%
CLVT
Clarivate
4.03
-3.04
-43.00%
PD
PagerDuty
16.25
-7.14
-30.53%
Intapp Earnings Call Summary
Earnings Call Date: Feb 4, 2025 | % Change Since: -19.74% | Next Earnings Date: May 13, 2025
Earnings Call Sentiment Positive
The earnings call presented a strong positive outlook with significant growth in cloud ARR and SaaS revenue. Intapp's strategic partnerships and AI innovations are gaining traction, contributing to client expansion and international growth. However, challenges remain in transitioning on-premise clients to the cloud and optimizing professional services growth.Highlights
Strong Cloud ARR Growth
Cloud ARR grew to $331 million, up 29% year-over-year, now representing 76% of total ARR.
Impressive SaaS Revenue Increase
SaaS revenue reached $80 million, marking a 27% increase year-over-year.
Expansion of Strategic Partnerships
Intapp's partner ecosystem grew 20% with 137 partners, including new partnerships with Microsoft and real estate data management platforms.
AI and Cloud Innovations
Introduced new AI-powered features in Intapp Assist and deepened integration with Microsoft Outlook and Google services.
Successful Cross-Selling and Client Expansion
Significant client wins and expansions across legal, accounting, and financial services sectors, contributing to a 119% cloud net revenue retention rate.
Strong International Revenue Growth
International operations accounted for a third of total revenue, growing 24% year-over-year in Q2.
Lowlights
Flat License Revenue
License revenue remained flat year-over-year at $28 million, due to ongoing client migrations to the cloud.
Professional Services Revenue Growth Slows
Professional services revenue was $13.2 million, up only 4% year-over-year, as more activities are outsourced to partners.
Backend Loaded Deal Closures
A significant portion of deals closed in December, indicating potential challenges in deal timing and execution.
Company Guidance
During the Intapp fiscal second quarter 2025 webcast, guidance was provided for the upcoming fiscal third quarter and full year 2025. The company anticipates SaaS revenue to be between $84 million and $85 million for Q3, implying a year-over-year growth of 27% to 28%. Total revenue is projected to range from $128.3 million to $129.3 million, with non-GAAP operating income between $18.5 million and $19.5 million. Non-GAAP EPS is expected to be $0.21 to $0.23, based on approximately 84 million diluted shares outstanding. For the full fiscal 2025, the company forecasts SaaS revenue between $328.8 million and $332.8 million, implying the same annual growth rate. Total revenue is expected to be between $498.5 million and $502.5 million, with non-GAAP operating income ranging from $71.2 million to $74.2 million and non-GAAP EPS between $0.83 and $0.87.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.