Why Is Intapp Stock Up Today?

Intapp beat fiscal Q4 2026 estimates on both lines: adjusted EPS of $0.41 against a $0.36 estimate, up from $0.27 in the same quarter a year earlier, and revenue of $152.5 million against a $149.8 million estimate. Shares rose 7.383% on the day.

The mix shift matters more than the headline growth rate

Total revenue grew 13% year over year, but subscription revenue — the recurring, higher-margin part of the business — grew 27% to $115 million, more than double the overall growth rate. A software company where the recurring-revenue line is growing meaningfully faster than the total is shifting its own revenue mix toward the more valuable, more predictable part of the business, which is a different and generally more durable kind of growth than a quarter where every line moves at roughly the same pace.

Near-total penetration of the market it was built for

Intapp ended the fiscal year with 97 of the Am Law 100 — the top 100 US law firms ranked by revenue — as customers. That is close to saturation of the single market segment Intapp is most associated with, which is exactly why the company spent the year building Celeste, an AI platform aimed at highly regulated professional and financial-services firms more broadly. Near-complete penetration of the original legal market is the reason the next leg of growth has to come from adjacent regulated industries rather than from signing more large law firms.

What to watch

Subscription revenue growth outside the legal vertical over the next few quarters is the number that shows whether Celeste and Intapp's push into broader regulated professional services is actually converting into new bookings, or whether growth remains concentrated in the near-saturated Am Law 100 base.