Intapp, Inc. Files 10-Q for Q2 FY2025

TL;DR

Intapp's Q2 FY25 10-Q is in. Check financials for software services performance.

AI Summary

Intapp, Inc. filed its 10-Q for the period ending December 31, 2024. The filing details financial performance and operational updates for the second quarter of fiscal year 2025. Key financial data and business segments are presented, reflecting the company's ongoing activities in the software services sector.

Why It Matters

This filing provides investors and analysts with the latest financial health and operational performance of Intapp, Inc., crucial for understanding its market position and future prospects.

Risk Assessment

Risk Level: medium — The filing contains standard financial disclosures for a public company, but the specific financial performance and forward-looking statements within the full report could indicate higher risk.

Key Numbers

• Q2 FY2025 — Fiscal Quarter (Period covered by the 10-Q filing)
• 2024-12-31 — Period End Date (The end date for the financial reporting period)
• 2025-02-04 — Filing Date (The date the report was submitted to the SEC)

Key Players & Entities

• Intapp, Inc. (company) — Filer of the 10-Q
• 20241231 (date) — End of reporting period
• 20250204 (date) — Filing date
• LegalApp Holdings, Inc. (company) — Former company name
• JPMorganCreditAgreementMember (company) — Credit agreement reference

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share INTA The Nasdaq Global Se

Filing Documents

• inta-20241231.htm (10-Q) — 2794KB
• inta-ex31_1.htm (EX-31.1) — 15KB
• inta-ex31_2.htm (EX-31.2) — 15KB
• inta-ex32_1.htm (EX-32.1) — 9KB
• inta-ex32_2.htm (EX-32.2) — 9KB
• 0000950170-25-013454.txt ( ) — 9549KB
• inta-20241231.xsd (EX-101.SCH) — 1120KB
• inta-20241231_htm.xml (XML) — 1742KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) 1 Condensed Consolidated Balance Sheets as of December 31, 2024 and June 30, 2024 1 Condensed Consolidated Statements of Operations for the Three and Six Months Ended December 31, 2024 and 2023 2 Condensed Consolidated Statements of Comprehensive Loss for the Three and Six Months Ended December 31, 2024 and 2023 3 Condensed Consolidated Statements of Stockholders' Equity for the Three and Six Months Ended December 31, 2024 and 2023 4 Condensed Consolidated Statements of Cash Flows for the Six Months Ended December 31, 2024 and 2023 6 Notes to Condensed Consolidated Financial Statements 7 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 18 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 28 Item 4.

Controls and Procedures

Controls and Procedures 29 PART II. OTHER INFORMATION 30 Item 1.

Legal Proceedings

Legal Proceedings 30 Item 1A.

Risk Factors

Risk Factors 30 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 30 Item 3. Defaults Upon Senior Securities 30 Item 4. Mine Safety Disclosures 30 Item 5. Other Information 30 Item 6. Exhibits 31

Financial Statements

Item 1. Financial Statements Page Condensed Consolidated Balance Sheets 1 Condensed Consolidated Statements of Operations 2 Condensed Consolidated Statements of Comprehensive Loss 3 Condensed Consolidated Statements of Stockholders' Equity 4 Condensed Consolidated Statements of Cash Flows 6 Notes to Condensed Consolidated Financial Statements 7 Note 1. Description of Business 7 Note 2. Summary of Significant Accounting Policies 7 Note 3. Revenues 9 Note 4. Business Combinations 9 Note 5. Goodwill and Intangible Assets 10 Note 6. Fair Value Measurements 11 Note 7. Internal-Use Software Costs 13 Note 8. Leases 13 Note 9. Commitments and Contingencies 14 Note 10. Debt 14 Note 11. Stockholders' Equity and Stock-Based Compensation 15 Note 12. Income Taxes 16 Note 13. Net Loss Per Share 17 Table of Contents CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q, particularly in the sections captioned "Risk Factors" under Part II, Item 1A, and "Management's Discussion and Analysis of Financial Condition and Results of Operations" under Part I, Item 2, 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 Quarterly Report on Form 10-Q 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

—FIN ANCIAL INFORMATION

PART I—FIN ANCIAL INFORMATION

Fi nancial Statements

Item 1. Fi nancial Statements INTAPP, INC. CONDENSED CONSOLIDA TED BALANCE SHEETS (in thousands, except per share data) (unaudited) December 31, 2024 June 30, 2024 Assets Current assets: Cash and cash equivalents $ 285,631 $ 208,370 Restricted cash 200 200 Accounts receivable, net of allowance of $ 989 and $ 1,406 as of December 31, 2024 and June 30, 2024, respectively 87,596 95,103 Unbilled receivables, net 13,786 13,300 Other receivables, net 4,412 2,743 Prepaid expenses 11,284 9,031 Deferred commissions, current 14,232 13,907 Total current assets 417,141 342,654 Property and equipment, net 20,172 18,944 Operating lease right-of-use assets 18,426 21,382 Goodwill 285,907 285,969 Intangible assets, net 34,351 40,293 Deferred commissions, noncurrent 18,335 18,495 Other assets 6,255 5,262 Total assets $ 800,587 $ 732,999 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 16,631 $ 13,348 Accrued compensation 35,045 42,066 Accrued expenses 7,266 12,040 Deferred revenue, net 234,962 218,923 Other current liabilities 12,243 14,270 Total current liabilities 306,147 300,647 Deferred tax liabilities 1,255 1,336 Deferred revenue, noncurrent 3,033 3,563 Operating lease liabilities, noncurrent 17,409 19,605 Other liabilities 4,353 4,610 Total liabilities 332,197 329,761 Commitments and contingencies (Note 9) Stockholders' equity: Preferred stock, $ 0.001 par value per share, 50,000 shares authorized; no shares issued or outstanding as of December 31, 2024 and June 30, 2024, respectively — — Common stock, $ 0.001 par value per share, 700,000 shares authorized; 79,234 and 74,624 shares issued and outstanding as of December 31, 2024 and June 30, 2024, respectively 79 75 Additional paid-in capital 971,631 891,681 Accumulated other comprehensive los

View Full Filing

View this 10-Q filing on SEC EDGAR