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Intapp Inc. (INTA-4.66%) has submitted its 10-Q filing for the quarterly period ended December 31, 2024.
The filing includes financial statements showing total revenues of $121.2 million for the quarter, an increase from $103.9 million in the same quarter the previous year. SaaS revenues grew by 27% to $80 million, while license revenues remained flat at $28 million.
Cost of revenues for the quarter was $32.5 million, representing 27% of sales, compared to 30% in the same quarter of the previous year. The decrease in cost ratio is attributed to a reduction in professional services costs.
The company reported a gross profit of $88.7 million for the quarter, compared to $73.2 million in the previous year, with the increase attributed to growth in SaaS revenues.
Operating expenses increased to $98.9 million from $84.2 million, primarily due to higher personnel-related costs and stock-based compensation expenses.
Net loss for the quarter was $10.2 million, slightly higher than the $9.2 million loss in the previous year. The increase in net loss is primarily due to higher operating expenses.
Cash provided by operating activities was $49.7 million, while cash used in investing activities was $4.8 million.
As of December 31, 2024, Intapp had cash and cash equivalents of $285.6 million. The company maintains a $100 million senior secured revolving credit facility with JPMorgan, with no outstanding borrowings as of the end of the quarter.
The filing also details various financial metrics, including an annual recurring revenue (ARR) of $437.1 million, up 20% from the previous year, and a net revenue retention rate of 113%.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Intapp Inc. quarterly 10-Q report dated February 4, 2025. To report an error, please email earnings@qz.com.