Intapp (INTA) Q1 2027 earnings summary

Executive summary

• Subscription revenue rose 29% YoY to $125.5M and total revenue increased 16% to $161.3M; non-GAAP operating income was $35.4M versus $20.9M a year earlier.

• Celeste became generally available and contributed over 40% of net new bookings, up from over 20% in the prior quarter; deployment capacity is being expanded to meet demand.

Financial highlights

• License revenue was $23.0M, down 21% YoY; professional services revenue was $12.7M, up 3%.

• Non-GAAP operating income was $35.4M versus $20.9M; non-GAAP diluted EPS was $0.44 versus $0.24 YoY.

• GAAP operating loss narrowed to $1.1M from $14.5M; GAAP net loss was $1.3M versus $14.4M.

• Operating cash flow was $28.4M versus $13.8M; free cash flow was $28.1M versus $13.2M.

• Cash and cash equivalents totaled $147.7M at quarter-end.

Outlook and guidance

• Q2 FY27 guidance: subscription revenue $129.1M–$130.1M, total revenue $158.8M–$159.8M, non-GAAP operating income $31.8M–$32.8M and diluted EPS $0.37–$0.39.

• FY27 guidance: subscription revenue $530.5M–$534.5M, total revenue $658.2M–$662.2M, non-GAAP operating income $136.8M–$140.8M and diluted EPS $1.64–$1.68.

• Q2 total revenue dynamics reflect faster on-prem-to-cloud transitions and shorter contract durations; subscription and services fundamentals remain intact.

• Non-GAAP guidance excludes stock-based compensation and amortization; other potential reconciling items are variable and not quantitatively forecast.

• ~59% of $799.4M in RPO is expected to be recognized over the next 12 months.