Recent News
Dec. 16, 2025 — Intapp scheduled an Investor Day for Feb. 25, 2026 in New York City to outline strategy and product road map. Jan. 20, 2026 — Intapp’s DealCloud received a Deal Origination Solution of the Year award. Feb. 19, 2026 — Paine Schwartz Partners selected Intapp DealCloud for business development and capital markets work.
Technical Analysis
ADX and directional indicators: ADX at 38.26 signals a strong trend environment; DI+ sits at 22.49 and is increasing while DI- at 32.74 is decreasing, indicating directional momentum shifting toward buyers and strengthening the case for upward pressure relative to recent price action.
MACD: MACD reads -1.54 with an increasing trend and lies above its signal line (-2.49), a bullish momentum cross that supports short-term positive momentum and aligns with the ADX/DI shift.
MRO: MRO equals -30.5 and is increasing; the negative reading indicates the price currently sits below the MRO-implied target, implying potential upward mean reversion pressure as MRO moves closer to zero.
RSI: RSI registers 38.66 and is increasing, which suggests room for rallies before reaching overbought territory; the rising RSI complements the MACD cross for a constructive near-term momentum picture.
Price structure and moving averages: The stock trades at $25.34, below the 50-day ($32.10) and 200-day ($41.25) averages, anchoring the longer-term bias lower, while the price sits above the 20-day average ($24.27). The 12-day EMA shows a peak-and-reversal pattern, which warns of short-lived pullbacks even as other momentum indicators trend bullish. Volatility measures remain moderate and two-week/longer betas (1.66 / 1.45) indicate above-market sensitivity, increasing the amplitude of any directional move.
Fundamental Analysis
Revenue and margins: Total revenue stands at $140,208,000. Reported revenue declined 58.03% year-over-year and fell 71.25% quarter-over-quarter, while trailing gross margin remains robust at 74.99%, producing $105,138,000 in gross profit. The combination of weak top-line growth and high gross margin indicates product economics remain healthy but demand or recognition timing compressed on the reported basis.
Profitability and earnings: Operating (EBIT) registers -$7,177,000 and an EBIT margin of -5.12%, versus the industry peer mean of 46.54% and median of 60.27%, placing Intapp below the industry peer mean and median but well above the industry peer low of -68.73% within the peer range. GAAP net income equals -$5,934,000; EPS came in at -$0.07 versus an estimate of -$0.08, a positive EPS surprise of $0.01 (12.5%). Forward EPS sits at $0.371, implying a forward P/E near 117.7x on the supplied forward multiple.
Cash flow and balance sheet: Cash and short-term investments total $191,152,000 with a current ratio near 1.00 and a cash ratio of 0.53, indicating liquidity sufficient for near-term obligations. Operating cash flow equals $22,881,000 and free cash flow equals $20,100,000; free cash flow yield measures roughly 0.61% but shows strong year-over-year free cash growth of 25.81%, supporting near-term flexibility. Total debt remains modest at $14,836,000 and debt-to-assets sits at 1.87%.
Capital efficiency and returns: Asset turnover measures 0.173, and return on equity equals -1.45%, reflecting continued investment spending (R&D $39,283,000) and investment in product development while earnings recovery remains nascent.
Valuation context: Price-to-book stands at 8.07, below the industry peer mean of 10.87 and near the industry peer median of 9.18; price-to-sales equals 23.60, below the industry peer mean of 45.10. Enterprise-to-revenue (EVR) reads about 22.35. The current valuation, as determined by WMDST, classifies the stock as under-valued given the mix of strong gross margins, improving free cash flow, and sizable cash on the balance sheet despite negative operating margins and compressed revenue growth.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-02-03 |
| NEXT REPORT DATE: | 2026-05-05 |
| CASH FLOW | Begin Period Cash Flow | $ 273.6 M |
| Operating Cash Flow | $ 22.9 M | |
| Capital Expenditures | $ -2.78 M | |
| Change In Working Capital | $ -8.31 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -82.28 M | |
| End Period Cash Flow | $ 191.4 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 140.2 M | |
| Forward Revenue | $ -175.84 M | |
| COSTS | ||
| Cost Of Revenue | $ 35.1 M | |
| Depreciation | $ 6.2 M | |
| Depreciation and Amortization | $ 6.2 M | |
| Research and Development | $ 39.3 M | |
| Total Operating Expenses | $ 147.4 M | |
| PROFITABILITY | ||
| Gross Profit | $ 105.1 M | |
| EBITDA | $ -1.01 M | |
| EBIT | $ -7.18 M | |
| Operating Income | $ -7.18 M | |
| Interest Income | $ 1.9 M | |
| Interest Expense | — | |
| Net Interest Income | $ 1.9 M | |
| Income Before Tax | $ -5.26 M | |
| Tax Provision | $ 672.0 K | |
| Tax Rate | 21.0 % | |
| Net Income | $ -5.93 M | |
| Net Income From Continuing Operations | $ -5.93 M | |
| EARNINGS | ||
| EPS Estimate | $ -0.08 | |
| EPS Actual | $ -0.07 | |
| EPS Difference | $ 0.01 | |
| EPS Surprise | 12.5 % | |
| Forward EPS | $ 0.37 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 795.2 M | |
| Intangible Assets | $ 361.1 M | |
| Net Tangible Assets | $ 49.2 M | |
| Total Current Assets | $ 359.4 M | |
| Cash and Short-Term Investments | $ 191.2 M | |
| Cash | $ 191.2 M | |
| Net Receivables | $ 119.3 M | |
| Inventory | — | |
| Long-Term Investments | $ 11.4 M | |
| LIABILITIES | ||
| Accounts Payable | $ 16.4 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 358.7 M | |
| Net Debt | — | |
| Total Debt | $ 14.8 M | |
| Total Liabilities | $ 384.9 M | |
| EQUITY | ||
| Total Equity | $ 410.2 M | |
| Retained Earnings | $ -675.75 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 5.11 | |
| Shares Outstanding | 80.235 M | |
| Revenue Per-Share | $ 1.75 | |
| VALUATION | Market Capitalization | $ 3.3 B |
| Enterprise Value | $ 3.1 B | |
| Enterprise Multiple | -3099.004 | |
| Enterprise Multiple QoQ | 733.49 % | |
| Enterprise Multiple YoY | 195.691 % | |
| Enterprise Multiple IPRWA | high: 416.607 mean: 72.046 median: 61.115 low: -363.609 INTA: -3099.004 |
|
| EV/R | 22.346 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.938 | |
| Asset To Liability | 2.066 | |
| Debt To Capital | 0.035 | |
| Debt To Assets | 0.019 | |
| Debt To Assets QoQ | -4.65 % | |
| Debt To Assets YoY | -14.207 % | |
| Debt To Assets IPRWA | high: 0.87 mean: 0.169 median: 0.087 INTA: 0.019 low: 0.001 |
|
| Debt To Equity | 0.036 | |
| Debt To Equity QoQ | 9.146 % | |
| Debt To Equity YoY | -2.717 % | |
| Debt To Equity IPRWA | high: 2.989 mean: 0.25 median: 0.147 INTA: 0.036 low: -1.778 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 8.067 | |
| Price To Book QoQ | 15.386 % | |
| Price To Book YoY | -24.766 % | |
| Price To Book IPRWA | high: 26.941 mean: 10.869 median: 9.178 INTA: 8.067 low: -16.001 |
|
| Price To Earnings (P/E) | -589.235 | |
| Price To Earnings QoQ | -439.767 % | |
| Price To Earnings YoY | -295.22 % | |
| Price To Earnings IPRWA | high: 522.411 mean: 127.465 median: 102.121 low: -262.004 INTA: -589.235 |
|
| PE/G Ratio | 9.642 | |
| Price To Sales (P/S) | 23.604 | |
| Price To Sales QoQ | -3.491 % | |
| Price To Sales YoY | -43.034 % | |
| Price To Sales IPRWA | high: 116.554 mean: 45.101 median: 44.141 INTA: 23.604 low: 0.808 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 117.719 | |
| Forward PE/G | -1.926 | |
| Forward P/S | -19.012 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -59.271 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.173 | |
| Asset Turnover Ratio QoQ | 7.017 % | |
| Asset Turnover Ratio YoY | 10.279 % | |
| Asset Turnover Ratio IPRWA | high: 0.4 INTA: 0.173 mean: 0.13 median: 0.125 low: 0.0 |
|
| Receivables Turnover | 1.556 | |
| Receivables Turnover Ratio QoQ | -15.739 % | |
| Receivables Turnover Ratio YoY | -3.968 % | |
| Receivables Turnover Ratio IPRWA | high: 5.891 mean: 1.576 INTA: 1.556 median: 1.485 low: 0.392 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 58.658 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 11.697 | |
| Cash Conversion Cycle Days QoQ | 1356.827 % | |
| Cash Conversion Cycle Days YoY | 20.706 % | |
| Cash Conversion Cycle Days IPRWA | high: 214.534 INTA: 11.697 mean: -48.016 median: -67.075 low: -170.216 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 208.024 | |
| CapEx To Revenue | -0.02 | |
| CapEx To Depreciation | -0.451 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 410.2 M | |
| Net Invested Capital | $ 410.2 M | |
| Invested Capital | $ 410.2 M | |
| Net Tangible Assets | $ 49.2 M | |
| Net Working Capital | $ 674.0 K | |
| LIQUIDITY | ||
| Cash Ratio | 0.533 | |
| Current Ratio | 1.002 | |
| Current Ratio QoQ | -18.795 % | |
| Current Ratio YoY | -26.47 % | |
| Current Ratio IPRWA | high: 7.11 mean: 1.813 median: 1.386 INTA: 1.002 low: 0.466 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | -14.675 | |
| Cost Of Debt | 17.469 % | |
| Interest Coverage Ratio | -2.097 | |
| Interest Coverage Ratio QoQ | -50.349 % | |
| Interest Coverage Ratio YoY | -29.541 % | |
| Interest Coverage Ratio IPRWA | high: 148.909 median: 66.552 mean: 45.554 INTA: -2.097 low: -122.007 |
|
| Operating Cash Flow Ratio | -0.172 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 46.96 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -3.411 % | |
| Revenue Growth | 0.849 % | |
| Revenue Growth QoQ | -71.25 % | |
| Revenue Growth YoY | -58.033 % | |
| Revenue Growth IPRWA | high: 19.11 % mean: 6.016 % median: 4.635 % INTA: 0.849 % low: -7.075 % |
|
| Earnings Growth | -61.111 % | |
| Earnings Growth QoQ | 450.005 % | |
| Earnings Growth YoY | — | |
| Earnings Growth IPRWA | high: 153.333 % mean: 13.65 % median: 7.865 % INTA: -61.111 % low: -163.636 % |
|
| MARGINS | ||
| Gross Margin | 74.987 % | |
| Gross Margin QoQ | 0.406 % | |
| Gross Margin YoY | 2.426 % | |
| Gross Margin IPRWA | high: 91.096 % INTA: 74.987 % mean: 71.896 % median: 68.036 % low: 37.597 % |
|
| EBIT Margin | -5.119 % | |
| EBIT Margin QoQ | -50.765 % | |
| EBIT Margin YoY | -39.089 % | |
| EBIT Margin IPRWA | high: 78.69 % median: 60.268 % mean: 46.544 % INTA: -5.119 % low: -68.729 % |
|
| Return On Sales (ROS) | -5.119 % | |
| Return On Sales QoQ | -50.765 % | |
| Return On Sales YoY | -39.089 % | |
| Return On Sales IPRWA | high: 76.917 % median: 47.094 % mean: 36.725 % INTA: -5.119 % low: -31.502 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 20.1 M | |
| Free Cash Flow Yield | 0.607 % | |
| Free Cash Flow Yield QoQ | 88.509 % | |
| Free Cash Flow Yield YoY | 31.102 % | |
| Free Cash Flow Yield IPRWA | high: 5.274 % INTA: 0.607 % mean: 0.212 % median: 0.164 % low: -3.43 % |
|
| Free Cash Growth | 83.679 % | |
| Free Cash Growth QoQ | -220.831 % | |
| Free Cash Growth YoY | 2581.16 % | |
| Free Cash Growth IPRWA | high: 265.627 % INTA: 83.679 % mean: -23.574 % median: -77.08 % low: -192.165 % |
|
| Free Cash To Net Income | -3.387 | |
| Cash Flow Margin | -43.912 % | |
| Cash Flow To Earnings | 10.375 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | -0.733 % | |
| Return On Assets QoQ | -56.134 % | |
| Return On Assets YoY | -44.637 % | |
| Return On Assets IPRWA | high: 16.207 % median: 5.909 % mean: 4.891 % INTA: -0.733 % low: -10.846 % |
|
| Return On Capital Employed (ROCE) | -1.644 % | |
| Return On Equity (ROE) | -0.014 | |
| Return On Equity QoQ | -51.0 % | |
| Return On Equity YoY | -33.7 % | |
| Return On Equity IPRWA | high: 0.298 median: 0.098 mean: 0.086 INTA: -0.014 low: -0.282 |
|
| DuPont ROE | -1.324 % | |
| Return On Invested Capital (ROIC) | -1.382 % | |
| Return On Invested Capital QoQ | -41.141 % | |
| Return On Invested Capital YoY | -137.001 % | |
| Return On Invested Capital IPRWA | high: 20.316 % median: 9.056 % mean: 7.294 % INTA: -1.382 % low: -11.474 % |
|