Intapp (INTA) risk factors, FY2026 10-K

Risks Related to Our Business and Industry

1. 01We are continuing to expand our SaaS solutions to incorporate recent innovations in AI and these initiatives may not be successful, which may adversely affect our business, results of operations and financial condition, and may also result in reputational harm and liability
2. 02Our rapid growth makes it difficult to evaluate our future prospects and may increase the risk that we will not continue to grow at or near historical rates
3. 03We have a history of losses and may not achieve or maintain profitability in the future
4. 04Our business depends on clients renewing and expanding their subscriptions for our solutions
5. 05Because we recognize subscription revenues ratably over the term of the agreements, a significant downturn in our business may not be reflected immediately in our operating results, which increases the difficulty of evaluating our future financial performance
6. 06Our sales cycles are lengthy and variable, depend upon factors outside our control, and could cause us to expend significant time and resources prior to generating revenues
7. 07If we are unable to develop, introduce and market new and enhanced versions of our solutions, we may be put at a competitive disadvantage and our operating results could be adversely affected
8. 08If we are unable to develop or sell our solutions into new markets or to further penetrate existing markets, our revenues will not grow as expected, and if our established solutions fail to satisfy client demands or maintain market acceptance, our operating results could be adversely affected
9. 09We compete in highly competitive markets, and if we do not compete effectively, our business, results of operations, and financial condition could be negatively impacted and cause our market share to decline
10. 10We may continue to expand through acquisitions or partnerships with other companies, which may divert our management’s attention and result in unexpected operating and technology integration difficulties, increased costs, and dilution to our stockholders
11. 11If we fail to effectively manage our growth, our business and results of operations could be harmed
12. 12Our solutions address functions within the heavily regulated accounting, consulting, investment banking, legal, private capital and real assets industries, and our clients’ failure to comply with applicable laws and regulations could subject us to litigation
13. 13Our solutions or pricing models may not accurately reflect the optimal pricing necessary to attract new clients and retain existing clients as the market matures
14. 14Our loan and security agreement provides our lender with a first-priority lien against substantially all of our assets and contains restrictive covenants which could limit our operational flexibility and otherwise adversely affect our financial condition
15. 15Real or perceived errors or failures in our solutions may affect our reputation, cause us to lose clients and reduce sales which may harm our business and results of operations
16. 16Assertions against us, by third parties alleging infringement or other violation of their intellectual property rights, could result in significant costs and substantially harm our business and results of operations
17. 17Our success depends in part on our ability to enforce and defend our intellectual property rights. We rely upon a combination of trademark, trade secret, copyright, patent, and unfair competition laws, as well as license agreements and other contractual provisions, to do so
18. 18We and our clients rely on technology and intellectual property of third parties, and any errors or defects in, or any unavailability of, such technology and intellectual property could limit the functionality of our solutions and disrupt our business
19. 19We agree to indemnify clients and other third parties, which exposes us to substantial potential liability
20. 20If we fail to maintain an effective system of internal controls, our ability to produce timely and accurate financial statements or comply with applicable regulations could be impaired
21. 21Our international sales and operations subject us to additional risks that can adversely affect our business, results of operations and financial condition
22. 22Some of our development resources are subject to additional risks inherent in foreign operations, which could lead to interruptions in our development efforts or hamper our ability to maintain its solutions
23. 23If we are unable to retain key members of our management team or attract, integrate and retain additional executives and other skilled personnel we need to support our operations and growth, we may be unable to achieve our goals and our business will suffer
24. 24Increases in labor costs, including wages, and an overall tightening of the labor market, could adversely affect our business, results of operations or financial condition
25. 25Any disruption of our Internet connections, including to any third-party cloud providers that host any of our websites or web-based services, could affect the success of our solutions
26. 26Some of our services and technologies may use “open source” software, which may restrict how we use or distribute our services or require that we release the source code of certain solutions subject to those licenses
27. 27We may experience fluctuations in foreign currency exchange rates that could adversely impact our results of operations and financial condition
28. 28Our U.S. NOL carryforwards may expire or could be substantially limited if we experience an ownership change as defined in the Internal Revenue Code of 1986, as amended (“IRC”) or if changes are made to the IRC
29. 29Our results of operations may be harmed if we are required to collect sales or other related taxes for our subscription solutions in jurisdictions where we have not historically done so

Risks Related to Our Organizational Structure

1. 30If the ownership of our common stock continues to be highly concentrated, it may prevent other minority stockholders from influencing significant corporate decisions and may result in conflicts of interest
2. 31Certain provisions of Delaware law, the Stockholders’ Agreement, our amended and restated certificate of incorporation and our amended and restated bylaws could hinder, delay or prevent a change in control of us, which could adversely affect the price of our common stock

Risks Related to Ownership of Our Common Stock

1. 32The market price and trading volume of our common stock has been and may continue to be volatile, which could result in rapid and substantial losses for our stockholders
2. 33Future offerings of debt or equity securities by us may materially adversely affect the market price of our common stock
3. 34The market price of our common stock could be negatively affected by sales of substantial amounts of our common stock in the public markets
4. 35We cannot guarantee that our stock repurchase program will be fully consummated or will enhance long-term stockholder value, and stock repurchases could increase the volatility of the trading price of our common stock
5. 36We have not paid dividends in the past and do not anticipate paying any dividends on our common stock in the foreseeable future

General Risk Factors

1. 37We may be adversely affected by natural disasters, pandemics or other public health emergencies, other catastrophic events and terrorism that could disrupt and harm our business, results of operations, and financial condition
2. 38We may not be able to obtain capital when desired on favorable terms, if at all, and we may not be able to obtain capital or complete acquisitions through the use of equity without dilution to our stockholders
3. 39If tax laws or tax rates change or we experience adverse outcomes resulting from examination of our income tax returns, it could adversely affect our results of operations