Intapp, Inc. reported revenue of $146.04 million [2] for its third quarter ending March 2026, marking a 13.2% increase year-over-year [2].
The results highlight a strategic shift toward cloud services and aggressive capital management despite a reported net loss. This transition is critical as the company attempts to balance rapid cloud adoption with bottom-line profitability.
The Palo Alto, California-based software company posted a net loss of $15.5 million [1] for the quarter. However, earnings per share (EPS) rose to $0.29 [2], up from $0.26 in the year-ago quarter [2].
Intapp said that its cloud annual recurring revenue (ARR) now accounts for 82% of its total ARR [5]. This growth in cloud subscriptions has contributed to what the company described as record free cash flow [5].
To support shareholder value, the company is continuing the execution of a share-repurchase program [5]. The board authorized the $200 million program in January 2026 [5].
The company's financial performance reflects a broader trend in the enterprise software sector, prioritizing recurring cloud revenue over immediate net income to capture long-term market share.
“Cloud ARR now accounts for 82% of its total ARR”
Intapp is prioritizing a transition to a cloud-first business model, which is evident in the high percentage of cloud ARR and record cash flow. While the net loss persists, the increase in EPS and the active share-repurchase program suggest the company is leveraging its cash position to maintain investor confidence while scaling its infrastructure.
