INTAIntapp, Inc.

$40.39

Is the business good?

How good a business is INTA?

Intapp, Inc. earns −18% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.

−18%

Return on invested capital · cost of capital 9.0% · 27 points below what the capital costs: growth destroys value

Operating margin
−7.2%

Operating margin · Software - Application median 8.2% · 12 months to Q3 2026

Share count, year on year
−1.3%

Share count, year on year · bought back, each share owns more of the company

R&D as % of revenue
29%

R&D as % of revenue

Operating margin by fiscal year
YearOperating margin
FY2020−9.0%
FY2021−11%
FY2022−37%
FY2023−20%
FY2024−7.5%
FY2025−5.4%
Details
Gross margin12 months to Q3 2026
75%
Operating margin12 months to Q3 2026
−7.2%
Net margin12 months to Q3 2026
−6.5%
Free cash flow margin
24%
R&D as % of revenue
29%
Revenue, trailing twelve months
$560M
Free cash flow, trailing twelve months
$136M
Net income, trailing twelve months
−$36M
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
−18%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.