Intapp, Inc. Files 2024 10-K

TL;DR

Intapp's 2024 10-K is in. Check financials for the prepackaged software firm.

AI Summary

Intapp, Inc. filed its 10-K for the fiscal year ending June 30, 2024, reporting on its financial performance and business operations. The company, formerly known as LegalApp Holdings, Inc., is based in Palo Alto, CA, and operates in the prepackaged software industry. The filing details various financial metrics and business segments, including customer relationships and professional services, with specific dates and financial data points referenced throughout the document.

Why It Matters

This filing provides investors and stakeholders with a comprehensive overview of Intapp's financial health and strategic direction for the past fiscal year, influencing investment decisions.

Risk Assessment

Risk Level: medium — The filing contains standard disclosures for a public company, but the complexity of financial instruments and business operations warrants a medium risk assessment.

Key Numbers

• 0630 — Fiscal Year End (Indicates the end of the reporting period for the 10-K.)
• 001-40550 — SEC File Number (Unique identifier for Intapp, Inc.'s SEC filings.)
• 461467620 — IRS Number (Internal Revenue Service identification number for the company.)

Key Players & Entities

• Intapp, Inc. (company) — Filer of the 10-K
• LegalApp Holdings, Inc. (company) — Former name of Intapp, Inc.
• Palo Alto, CA (location) — Business address of Intapp, Inc.
• 20240630 (date) — Fiscal year end date
• 20240826 (date) — Filing date

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share INTA The Nasdaq Global Se
• $1 million — % increase, with contracts greater than $1 million of annual recurring revenues ("ARR"). W

Filing Documents

• inta-20240630.htm (10-K) — 3553KB
• inta-ex10_29.htm (EX-10.29) — 17KB
• inta-ex10_30.htm (EX-10.30) — 142KB
• inta-ex21_1.htm (EX-21.1) — 11KB
• inta-ex23_1.htm (EX-23.1) — 3KB
• inta-ex31_1.htm (EX-31.1) — 13KB
• inta-ex31_2.htm (EX-31.2) — 13KB
• inta-ex32_1.htm (EX-32.1) — 8KB
• inta-ex32_2.htm (EX-32.2) — 8KB
• inta-ex97_1.htm (EX-97.1) — 62KB
• img117092606_0.jpg (GRAPHIC) — 258KB
• img158320780_0.jpg (GRAPHIC) — 3KB
• 0000950170-24-100587.txt ( ) — 14206KB
• inta-20240630.xsd (EX-101.SCH) — 1673KB
• inta-20240630_htm.xml (XML) — 2416KB

Business

Business 1 Item 1A.

Risk Factors

Risk Factors 11 Item 1B. Unresolved Staff Comments 38 Item 1C. Cybersecurity 38 Item 2.

Properties

Properties 40 Item 3.

Legal Proceedings

Legal Proceedings 40 Item 4. Mine Safety Disclosures 40 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 41 Item 6. [Reserved] 42 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 43 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 58 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 59 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 93 Item 9A.

Controls and Procedures

Controls and Procedures 93 Item 9B. Other Information 94 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 94 PART III Item 10. Directors, Executive Officers and Corporate Governance 95 Item 11.

Executive Compensation

Executive Compensation 96 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 96 Item 13. Certain Relationships and Related Transactions, and Director Independence 96 Item 14. Principal Accountant Fees and Services 96 PART IV Item 15. Exhibits and Financial Statement Schedules 97 Item 16. Form 10-K Summary 97

Signatures

Signatures 102 i Table of Contents CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K, particularly in the sections captioned "Risk Factors" under Part I, Item 1A, "Management's Discussion and Analysis of Financial Condition and Results of Operations" under Part II, Item 7 and "Business" under Part I, Item 1, contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. All statements contained in this Annual Report on Form 10-K other than statements of historical fact, including statements regarding our future operating results and financial position, our business strategy and plans, potential acquisitions, market growth and trends, and our objectives for future operations, are forward-looking statements. You can identify these forward-looking statements by the use of forward-looking words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "objective," "ongoing," "plan," "predict," "project," "potential," "should," "will," or "would," or the negative version of those words or other comparable words. Any forward-looking statements contained in this Annual Report on Form 10-K are based upon our historical performance and on our current plans, estimates and expectations in light of information currently available to us. The inclusion of this forward-looking information should not be regarded as a representation by us or any other person that the future plans, estimates or expectations contemplated by us will be achieved. Such forward-looking statements are subject to various risks and uncertainties and assumptions relating to our operations, financial results, financial condition, business, prospects, growth strategy, and liquidity. Accordingly, there are, or will be, important factors that could cause our actual re

B usiness

Item 1. B usiness. Overview Intapp is a leading global provider of AI-powered solutions for professionals at advisory, capital markets, and legal firms. We empower the world's premier accounting, consulting, investment banking, legal, private capital and real assets firms with the technology they need to operate more competitively, deliver timely insights to their professionals, and meet rapidly changing client, investor, and regulatory requirements. Using the power of Applied AI, our purpose-built vertical software as a service ("SaaS") solutions accelerate the flow of information firmwide, activate expertise, empower teams, strengthen client relationships, manage risk, and help firms adapt more quickly in a highly complex ecosystem. The professional and financial services industry, largely comprised of elite, partner-led firms, is one of the biggest sectors of the global economy. Firms in this industry operate in a highly connected ecosystem, providing valuable expertise, insight, and advice to a broad range of companies and institutions across varied transactions and engagements. The industry is competitive, and uniquely structured around highly experienced partners and professionals who leverage knowledge, intellectual capital, and relationships to succeed — differing greatly from companies that sell goods and products. Firms must manage an intricate web of complex, non-linear relationships spread across various functions, processes, and personnel, while also navigating an ever-changing market and regulatory environment. Historically, firms in the professional and financial services industry have either relied on internally built technology solutions and legacy on-premises software, or they have attempted to use horizontal software providers to meet their industry-specific technology needs. Internally built or legacy solutions tend to be outdated, expensive, and cumbersome to maintain, while horizontal solutions do not align well with how these firms ope

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View this 10-K filing on SEC EDGAR