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 $JPM, 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 [email protected].