Intapp (INTA) Investor Day 2026 summary

Strategic vision, AI transformation, and product innovation

• Launched Celeste, an AI-native agentic platform for professional and financial services firms, automating and orchestrating core business workflows with built-in compliance and integration with leading AI providers such as Microsoft, Anthropic, Harvey, Claude, and CoPilot.

• Celeste is model-agnostic, embedded within existing applications, and leverages years of firm-specific data, industry expertise, and out-of-the-box playbooks to deliver tailored, compliant AI solutions.

• All core business applications are being rearchitected to operate as expert agents powered by Celeste, expanding the addressable market and enabling a shift from seat-based to consumption-based pricing.

• The platform automates workflows across fundraising, deal management, asset management, business development, compliance, and engagement management.

• Partnerships with major technology providers and a robust partner ecosystem amplify reach and product capabilities.

Market opportunity and client base

• The addressable market has expanded to $20B in IT SAM, with an additional $30B+ Agentic AI opportunity, targeting business processes already managed by the company.

• The firm serves over 2,750 clients globally, including leading law, private capital, accounting, consulting, investment banking, and real assets firms.

• The market is consolidating, driving demand for technology that enables scale and compliance amid increasing complexity and regulatory requirements.

• Significant whitespace remains within the top 200 clients, with large incremental ARR opportunities across product lines.

• Strong secular growth trends in key verticals drive demand for digital transformation and AI-enabled solutions.

Financial performance and guidance

• ARR reached $535M in Q2 FY26, with a target of $1B by FY29, representing a 20–22% CAGR; cloud ARR is over 80% of the mix.

• Non-GAAP gross margin improved to 78–80%, operating margin to 17–30%, and free cash flow margin to 20–30%, with a visible path to margin expansion.

• The $1M+ ARR client cohort has quadrupled since IPO, now representing 40% of total ARR and over $225M, with more than 120 clients in this segment.

• Net revenue retention (NRR) is strong at ~124%, driven by cross-sell, upsell, pricing, and cloud migrations.

• Cloud migration continues to accelerate, with on-premise to cloud conversions yielding 20–30% ARR uplift and enabling access to new AI capabilities.