Intapp Reports Strong Q2 FY26 Results with 28% SaaS Growth and Authorizes New $200M Stock Repurchase
Summary
Intapp reported strong Q2 FY26 results with 28% SaaS revenue growth and a reduced net loss. The company also announced a new $200 million stock repurchase program and a restructuring plan.
Key Events
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Strong Q2 FY26 Financial Performance
Total revenues for the three months ended December 31, 2025, increased 16% to $140.2 million, with SaaS revenues growing 28% to $102.5 million. Net loss improved to $(5.9) million from $(10.2) million in the prior year period.
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Robust Recurring Revenue Growth
Annual Recurring Revenue (ARR) reached $535.0 million, up 22% year-over-year. Cloud ARR grew 31% to $433.6 million, representing 81% of total ARR, and Cloud Net Revenue Retention (NRR) was a strong 124%.
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New $200 Million Stock Repurchase Program
The Board of Directors authorized a new common stock repurchase program of up to $200.0 million on January 29, 2026. This follows the full utilization of a previous $150.0 million program by December 31, 2025, demonstrating a continued commitment to shareholder returns.
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Restructuring Plan Initiated
In January 2026, Intapp initiated a restructuring plan to reduce costs and optimize its structure, primarily through workforce reductions and facility footprint adjustments in the Netherlands, expecting approximately $5.0 million in charges.
Analysis
Intapp, Inc. filed its Q2 fiscal year 2026 10-Q, detailing robust financial performance with significant SaaS revenue growth and an improved net loss. The company's Annual Recurring Revenue (ARR) increased by 22% year-over-year, driven by a 31% rise in Cloud ARR and a strong Cloud Net Revenue Retention of 124%. This positive operational momentum is further underscored by the Board's authorization of a new $200.0 million stock repurchase program, following the full utilization of a previous $150.0 million program. This substantial capital return initiative, especially while the stock is trading near its 52-week lows, signals strong management confidence in the company's valuation and future prospects. Additionally, the company initiated a restructuring plan in January 2026, expecting $5.0 million in charges, aimed at cost reduction and operational optimization.
At the time of this filing, INTA was trading at $22.75 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.4B. The 52-week trading range was $28.78 to $77.74. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.