The quarter beat both the company’s standing targets and the published adjusted-EPS consensus. Total revenue reached $152.5 million, above the prior outlook’s $149.1 million–$150.1 million range, while non-GAAP EPS of $0.41 exceeded both the $0.36–$0.38 company range and the published consensus of about $0.36. The beat was not just accounting: SaaS revenue grew 27% year over year to $115.0 million, offsetting a 25% decline in license revenue as the business continues shifting toward recurring cloud revenue. (Revenue table; Non-GAAP net income reconciliation)
| Metric | Q4 FY2026 actual | Prior Q4 FY2026 outlook / expectation | FY2026 actual | FY2027 outlook |
|---|---|---|---|---|
| Total revenue | $152.5M, +13% YoY | $149.1M–$150.1M | $577.8M, +15% YoY | $656.5M–$660.5M |
| SaaS / subscription revenue | $115.0M, +27% YoY | $113.1M–$114.1M SaaS | $422.8M, +27% YoY | $528.7M–$532.7M subscription |
| Non-GAAP operating income | $34.3M, +61% YoY | $28.4M–$29.4M | $108.6M, +44% YoY | $134.7M–$138.7M |
| Non-GAAP diluted EPS | $0.41, +52% YoY | $0.36–$0.38; published consensus ~$0.36 | $1.27 | $1.58–$1.62 |
| Free cash flow | — | — | $144.7M, +19% YoY | — |
(Fiscal 2026 Outlook in prior-quarter release; Revenue table; Non-GAAP operating income reconciliation; Non-GAAP net income reconciliation; Free cash flow reconciliation)
The full year also finished above the targets investors already had. FY2026 revenue of $577.8 million topped the prior $574.3 million–$575.3 million outlook, and adjusted EPS of $1.27 exceeded the prior $1.22–$1.24 range. Gross margin rose to 77.6% in the quarter from 74.8%, while non-GAAP operating margin expanded to roughly 22.5% from 15.8%; that combination makes the revenue beat more meaningful than a pure top-line overage. (Statements of Operations; Non-GAAP gross profit reconciliation; Non-GAAP operating income reconciliation)
The initial FY2027 outlook supports continued growth and further adjusted-profit expansion, rather than signaling a post-quarter slowdown. At the midpoints, it implies about 14% total-revenue growth, roughly 26% subscription-revenue growth, and non-GAAP operating income growth of about 25%. First-quarter adjusted EPS guidance of $0.39–$0.41 also largely holds the just-reported $0.41 level. No reliable published FY2027 consensus was available for a clean beat-or-miss comparison, so the important comparison is with Intapp’s just-delivered FY2026 growth and margin trajectory. (Fiscal 2027 Outlook; Revenue table; Non-GAAP operating income reconciliation)
The main caveat is that GAAP profitability remains absent and the cash balance fell sharply because buybacks exceeded annual operating cash generation. The company posted a $5.5 million GAAP net loss in Q4 and a $41.3 million loss for the year, with stock-based compensation rising to $120.0 million. It generated $146.8 million of operating cash flow but spent $275.2 million repurchasing shares, leaving cash and equivalents at $162.8 million versus $313.1 million a year earlier. That does not undermine the operating beat, but it means part of the per-share improvement comes alongside substantial capital returns and a much smaller cash cushion. (Statements of Operations; Cash Flow statement; Balance Sheet; Non-GAAP reconciliations)
Read the original 8-K on SEC EDGAR ↗