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Sep 30
Intapp Q1 2026 Earnings Report
Intapp reported solid Q1 2026 results with strong SaaS growth and improving non-GAAP profitability despite a GAAP net loss.
Key Takeaways
Intapp delivered strong SaaS revenue growth in Q1 FY26, with non-GAAP EPS and operating income improving year-over-year. However, GAAP results showed increased losses due to higher operating expenses.
SaaS revenue grew 27% year-over-year to $97.5 million
GAAP net loss widened to $14.4 million from $4.5 million last year
Non-GAAP EPS rose to $0.24, up from $0.21 in Q1 FY25
Cloud net revenue retention rate remained strong at 121%
Intapp
Intapp
Intapp Revenue by Segment
Revenue by Segment
SaaS Revenue
CapyFin.comLicense Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com Forward Guidance
Intapp expects continued growth into Q2 FY26 with strong SaaS and total revenue forecasts and higher non-GAAP profitability.
Positive Outlook
- Q2 SaaS revenue expected between $100M and $101M
- Q2 total revenue projected at $137.6M to $138.6M
- Non-GAAP operating income forecasted at $21.4M to $22.4M for Q2
- Non-GAAP EPS guidance between $0.25 and $0.27
- Full-year SaaS revenue forecast of $412M to $416M
Challenges Ahead
- GAAP net loss persists despite growing non-GAAP profitability
- Cash and cash equivalents declined from $313.1M to $273.4M
- Free cash flow fell from $24.1M in Q1 FY25 to $13.2M in Q1 FY26
- Operating expenses rose significantly YoY across all departments
- Stock repurchases of $50M reduced cash reserves
Revenue & Expenses
Visualization of income flow from segment revenue to net income