0001564590-22-004801 | 10-Q | XBRL Viewer

Revenues (Tables)

6 Months Ended

Dec. 31, 2021

Revenues by geography were as follows (in thousands):

	Three Months Ended December 31,				Six Months Ended December 31,
	2021		2020		2021		2020
United States	$	44,474	$	34,438	$	87,105	$	68,637
United Kingdom		11,442		9,241		23,320		17,946
Rest of the world		8,781		5,906		16,462		11,145
Total	$	64,697	$	49,585	$	126,887	$	97,728

Summary of Contract Assets and Liabilities

The Company’s contract assets and liabilities were as follows (in thousands):

	December 31, 2021		June 30, 2021
Unbilled accounts receivable, net⁽¹⁾	$	6,914	$	6,925
Deferred revenue, net		119,823		109,801

(1)	The long-term portion of $13 and $85 as of December 31, 2021 and June 30, 2021, respectively, is included in other assets.

Stockholders’ Equity

6 Months Ended

Dec. 31, 2021

Equity [Abstract]

Stockholders’ Equity

Note 9. Stockholders’ Equity

On July 2, 2021, in conjunction with the closing of the IPO, the Company’s Amended and Restated Certificate of Incorporation became effective, pursuant to which the Company’s authorized capital stock was increased to 700,000,000 shares of common stock, par value $0.001 per share, and 50,000,000 shares of preferred stock, par value $0.001 per share.

On July 2, 2021, upon the closing of the IPO, all outstanding shares of Series A and Series A-1 convertible preferred stock were automatically converted into 19,034,437 shares of the Company’s common stock on a one-for-one basis.

As of December 31, 2021, shares of common stock have been reserved for the following:

Outstanding stock options			13,961,943
Unvested performance stock units and restricted stock units			4,818,441
Reserved for ESPP			1,466,996
Reserved for future stock award grants			2,089,711
			22,337,091

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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+ Details

Revenues - Summary of Contract Assets and Liabilities (Details) - USD ($)
$ in Thousands

Dec. 31, 2021

Jun. 30, 2021

Revenue Recognition [Abstract]

Unbilled accounts receivable, net

^[1]

$ 6,914

$ 6,925

Deferred revenue, net

$ 119,823

$ 109,801

[1]	The long-term portion of $13 and $85 as of December 31, 2021 and June 30, 2021, respectively, is included in other assets.

Revenues - Additional Information (Details)	3 Months Ended		6 Months Ended
Revenues - Additional Information (Details)	Dec. 31, 2021 USD ($) Country	Dec. 31, 2020 Country	Dec. 31, 2021 USD ($) Country	Dec. 31, 2020 Country	Jun. 30, 2021 USD ($)
Disaggregation Of Revenue [Line Items]
Allowance for doubtful accounts associated with unbilled receivables	$ 0		$ 0		$ 0
Recognition of revenue pertaining to deferred revenue			76,000,000.0
Remaining performance obligations	$ 247,700,000		$ 247,700,000
Excluding United States, United Kingdom and Rest of the World
Disaggregation Of Revenue [Line Items]
Countries accounted for 10% or more of revenues \| Country	0	0	0	0

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2021	Jun. 30, 2021
Allowance for doubtful accounts	$ 1,049	$ 764
Preferred stock, par value per share	$ 0.001	$ 0.001
Preferred stock, shares authorized	50,000,000	0
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value per share	$ 0.001	$ 0.001
Common stock, shares authorized	700,000,000	65,000,000
Common stock, shares issued	61,148,584	29,444,577
Common stock, shares outstanding	61,148,584	29,444,577
Convertible Preferred Stock
Convertible preferred stock, par value per share	$ 0.001	$ 0.001
Convertible preferred stock, shares authorized	0	19,870,040
Convertible preferred stock, shares issued	0	19,034,437
Convertible preferred stock, shares outstanding	0	19,034,437
Convertible preferred stock, liquidation preference	$ 0	$ 203,340

Goodwill and Intangible Assets - Schedule of Amortization Expense Related to Acquired Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Finite Lived Intangible Assets [Line Items]
Total amortization expense	$ 3,310	$ 2,673	$ 6,619	$ 5,417
Cost of SaaS and Support
Finite Lived Intangible Assets [Line Items]
Total amortization expense	1,963	1,681	3,927	3,433
Sales and Marketing
Finite Lived Intangible Assets [Line Items]
Total amortization expense	1,240	992	2,479	1,984
General and Administrative
Finite Lived Intangible Assets [Line Items]
Total amortization expense	$ 107	$ 0	$ 213	$ 0

Property and Equipment (Tables)

6 Months Ended

Dec. 31, 2021

Property Plant And Equipment [Abstract]

Summary of Property and Equipment

Property and equipment, net, consisted of the following (in thousands):

	December 31, 2021			June 30, 2021
Computer equipment and software	$	966		$	1,751
Capitalized internal-use software		8,781			6,843
Furniture and office equipment		1,889			2,189
Leasehold improvements		5,351			5,417
Construction in progress		182			—
Total property and equipment		17,169			16,200
Less: accumulated depreciation and amortization		(5,921	)		(5,526	)
Property and equipment, net	$	11,248		$	10,674

Stockholders’ Equity (Tables)

6 Months Ended

Dec. 31, 2021

Equity [Abstract]

Schedule of Shares of Common Stock Reserved

As of December 31, 2021, shares of common stock have been reserved for the following:

Outstanding stock options			13,961,943
Unvested performance stock units and restricted stock units			4,818,441
Reserved for ESPP			1,466,996
Reserved for future stock award grants			2,089,711
			22,337,091

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Statement Of Income And Comprehensive Income [Abstract]
Net loss	$ (24,225)	$ (10,330)	$ (49,355)	$ (20,737)
Other comprehensive income (loss):
Foreign currency translation adjustments	43	626	(237)	1,041
Other comprehensive income (loss)	43	626	(237)	1,041
Comprehensive loss	$ (24,182)	$ (9,704)	$ (49,592)	$ (19,696)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

Fair Value Measurements

6 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Fair Value Measurements

Note 5. Fair Value Measurements

The authoritative guidance on fair value measurements establishes a three-tier fair value hierarchy for disclosure of fair value measurements as follows:

Level 1—Inputs are unadjusted, quoted prices in active markets for identical, assets or liabilities at the measurement date;

Level 2—Inputs are quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability;

Level 3—Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported by little or no market activity).

The following tables set forth the Company’s financial liabilities that were measured at fair value on a recurring basis as of the dates indicated by level within the fair value hierarchy (in thousands):

	December 31, 2021
	Level 1		Level 2		Level 3		Total
Liabilities:
Liability for contingent consideration, current portion	$	—	$	—	$	23,114	$	23,114
Total	$	—	$	—	$	23,114	$	23,114

	June 30, 2021
	Level 1		Level 2		Level 3		Total
Liabilities:
Term loan	$	—	$	273,000	$	—	$	273,000
Revolving credit facility	—			5,000	—			5,000
Liability for contingent consideration, current and non-current portion		—		—		23,502		23,502
Total	$	—	$	278,000	$	23,502	$	301,502

In connection with the acquisition of Repstor, Limited (“Repstor”) in June 2021, the Company recorded contingent consideration liabilities representing the amounts payable to former Repstor shareholders based upon the achievement of certain performance measures. The current and non-current portions of these liabilities of $11.0 million and $12.5 million, respectively, were included in other current liabilities and other liabilities on the consolidated balance sheet as of June 30, 2021. The non-current portion was reclassified to the current portion during the six months ended December 31, 2021 and included in other current liabilities on the unaudited condensed consolidated balance sheet as of December 31, 2021.

The fair value of the contingent consideration was initially estimated using the Monte Carlo simulation and included key assumptions used by management related to the estimated probability of occurrence and discount rates. Subsequent changes in the fair value of the contingent consideration liabilities, resulting from management’s revision of key assumptions and estimates, have been recorded in general and administrative expense in the unaudited condensed consolidated statement of operations. Gains and losses arising from exchange rate fluctuation on these liabilities which are denominated in British Pounds have been included in other income (expense) on the unaudited condensed consolidated statements of operations.

Changes in the fair value of contingent consideration liabilities during the six months ended December 31, 2021 were as follows:

	Amount
Balance as of June 30, 2021	$	23,502
Change in fair value of contingent consideration		727
Unrealized foreign currency gain		(1,115	)
Balance as of December 31, 2021	$	23,114

Based upon Level 2 inputs and the borrowing rates available to the Company for loans with similar terms and consideration of the Company’s credit risk, the carrying value of the Company’s term loan and revolving credit facility approximate their fair value.

Other financial instruments consist of accounts receivable, accounts payable and accrued expenses and other current liabilities. Accounts receivable, accounts payable and accrued liabilities are stated at their carrying value, which approximates fair value due to the short time to expected receipt or payment.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Fair Value Measurements - Schedule of Changes in Fair Value of Contingent Consideration Liabilities (Details) - Contingent Consideration Liability $ in Thousands	6 Months Ended
	Dec. 31, 2021 USD ($)
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance as of June 30, 2021	$ 23,502
Change in fair value of contingent consideration	727
Unrealized foreign currency gain	(1,115)
Balance as of December 31, 2021	$ 23,114

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Cash Flows from Operating Activities:
Net loss	$ (49,355)	$ (20,737)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	8,156	6,563
Amortization of deferred financing costs	37	585
Provision for doubtful accounts	594	68
Stock-based compensation	39,468	8,825
Loss on debt extinguishment	2,407	0
Change in fair value of contingent consideration, including unrealized foreign exchange gain	(489)	0
Deferred income taxes	(609)	(322)
Other	39	0
Changes in operating assets and liabilities:
Accounts receivable	7,153	(8,074)
Unbilled receivables, current	(61)	2,371
Prepaid expenses and other assets	1,532	1,127
Deferred commissions	(3,356)	(1,277)
Accounts payable and accrued liabilities	(3,678)	(2,075)
Deferred revenue, net	10,022	10,344
Other liabilities	(5,335)	(1,316)
Net cash provided by (used in) operating activities	6,525	(3,918)
Cash Flows from Investing Activities:
Purchases of property and equipment	(116)	(2,358)
Capitalized internal-use software costs	(1,938)	(972)
Net cash used in investing activities	(2,054)	(3,330)
Cash Flows from Financing Activities:
Payments on borrowings	(278,000)	(5,000)
Proceeds from initial public offering, net of underwriting discounts	292,758	0
Payments for deferred offering costs	(4,358)	(122)
Proceeds from common stock issuance	0	29,020
Proceeds from stock option exercises	3,883	7,288
Payment of deferred financing costs	(769)	0
Repurchase of common stock	0	(1,892)
Net cash provided by financing activities	13,514	29,294
Effect of foreign exchange rates on cash and cash equivalents	303	99
Net increase in cash, cash equivalents and restricted cash	18,288	22,145
Cash, cash equivalents and restricted cash - beginning of period	41,463	43,159
Cash, cash equivalents and restricted cash - end of period	59,751	65,304
Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheets
Cash and cash equivalents	56,024	63,590
Restricted cash	3,727	1,714
Total cash, cash equivalents and restricted cash	59,751	65,304
Supplemental Disclosures of Cash Flow Information:
Cash paid for interest	5,950	12,544
Cash paid for income taxes	251	0
Non-cash investing and financing activities:
Deferred offering costs in accounts payable and accrued liabilities	0	979
Conversion of convertible preferred stock to common stock upon initial public offering	$ 144,148	$ 0

Commitments and Contingencies

6 Months Ended

Dec. 31, 2021

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

Note 7. Commitments and Contingencies

Operating Leases

The Company leases the majority of its office space in the U.S., U.K. and Ukraine under noncancelable operating leases, which have various expiration dates through fiscal 2031. Minimum rent payments under operating leases are recognized on a straight-line basis over the term of the lease, including any periods of free rent and rent concessions. There has been no material change in the Company’s contractual obligations on leases since the Company’s fiscal year ended June 30, 2021. Total rent expense for the six months ended December 31, 2021 and 2020 was $4.4 million and $3.8 million, respectively.

Software and Other

In the ordinary course of business, the Company enters into commitments to purchase or subscribe to software that is required to conduct its business activities. The Company also has commitments towards its cloud hosting service providers. As of December 31, 2021, the Company had $5.3 million remaining on these commitments, including $0.6 million to be fully paid by June 2022 and $4.7 million by December 2028.

In December 2021, the Company entered into an agreement, pursuant to which the Company is committed to spend a minimum of $110.0 million on cloud services over the agreement’s seven-year term. As of December 31, 2021, the Company had $110.0 million remaining on the commitment.

Litigation

In the ordinary course of business, the Company often includes standard indemnification provisions in its commercial arrangements. Pursuant to these provisions, the Company may be obligated to indemnify such parties for losses or claims suffered or incurred in connection with its products, services, breach of representations or covenants, intellectual property infringement or other claims made against such parties.

It is not possible to determine the maximum potential amount under these indemnification obligations due to the limited history of prior indemnification claims and the unique facts and circumstances involved in each particular arrangement. The Company has never incurred material amounts under these provisions. Accordingly, the Company has no liabilities recorded for these provisions as of December 31, 2021 and June 30, 2021.

Stock-Based Compensation - Summary of Fair Value of ESPP Shares with Weighted-Average Assumptions (Details)	6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected dividend yield	0.00%	0.00%
Risk-free interest rate	1.00%	0.30%
Expected volatility	40.00%	38.00%
Expected life (in years)	6 years	6 years
ESPP
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected dividend yield	0.00%
Risk-free interest rate	0.40%
Expected volatility	39.00%
Expected life (in years)	1 year 2 months 12 days

Property and Equipment - Summary of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Jun. 30, 2021
Property Plant And Equipment [Line Items]
Property and equipment, Gross	$ 17,169	$ 16,200
Less: accumulated depreciation and amortization	(5,921)	(5,526)
Property and equipment, net	11,248	10,674
Computer Equipment and Software
Property Plant And Equipment [Line Items]
Property and equipment, Gross	966	1,751
Capitalized Internal-Use Software
Property Plant And Equipment [Line Items]
Property and equipment, Gross	8,781	6,843
Furniture and Office Equipment
Property Plant And Equipment [Line Items]
Property and equipment, Gross	1,889	2,189
Leasehold Improvements
Property Plant And Equipment [Line Items]
Property and equipment, Gross	5,351	5,417
Construction in Progress
Property Plant And Equipment [Line Items]
Property and equipment, Gross	$ 182	$ 0

Stock-Based Compensation (Tables)

6 Months Ended

Dec. 31, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Stock Option Activity

Stock option activity under the Company’s equity incentive plans during the six months ended December 31, 2021 was as follows:

	Number of Options			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (in years)		Aggregate Intrinsic Value (in thousands)
Outstanding as of June 30, 2021		14,684,809		$	10.11		7.3	$	262,762
Granted		104,390			32.22
Exercised		(594,570	)		6.53
Forfeited		(232,686	)		13.86
Outstanding as of December 31, 2021		13,961,943		$	10.36		6.9	$	207,619
Vested and exercisable as of December 31, 2021		9,277,359		$	7.63		6.0	$	162,663
Unvested and early exercised as of December 31, 2021		150,000		$	14.77
Vested and expected to vest as of December 31, 2021		14,111,943		$	10.41		6.9	$	209,178

Schedule of Performance Stock Unit Activity

Performance stock unit activity during the six months ended December 31, 2021 was as follows:

	Stock Awards Outstanding			Weighted- Average Grant Date Fair Value
Balance as of June 30, 2021		3,950,000		$	26.00
Granted		163,527			38.18
Vested		—			—
Forfeited		(54,784	)		27.06
Balance as of December 31, 2021		4,058,743		$	26.48

Schedule of Restricted Stock Unit Activity

Restricted stock unit activity during the six months ended December 31, 2021 was as follows:

	Stock Awards Outstanding			Weighted- Average Grant Date Fair Value
Balance as of June 30, 2021		46,150		$	26.00
Granted		733,386			34.84
Vested		—			—
Forfeited		(19,838	)		35.56
Balance as of December 31, 2021		759,698		$	34.28

Summary of Stock-Based Compensation Expense

The Company recorded stock-based compensation expense in the unaudited condensed consolidated statements of operations as follows (in thousands):

	Three Months Ended December 31,				Six Months Ended December 31,
	2021		2020		2021		2020
Cost of revenues
Cost of SaaS and support	$	355	$	80	$	523	$	122
Cost of professional services		835		237		1,415		441
Research and development		4,285		1,052		8,635		2,078
Sales and marketing		6,888		1,246		13,357		2,831
General and administrative		8,077		1,620		15,538		3,859
Total stock-based compensation	$	20,440	$	4,235	$	39,468	$	9,331

Summary of Fair Value of Stock Option Grants with Weighted-Average Assumptions

The calculated fair value of stock option grants was estimated using the Black-Scholes option pricing model with the following weighted-average assumptions:

	Six Months Ended December 31,
	2021			2020
Expected dividend yield		0	%		0	%
Risk-free interest rate		1	%		0.3	%
Expected volatility		40	%		38	%
Expected life (in years)		6			6

Summary of Fair Value of ESPP Shares with Weighted-Average Assumptions

The fair value of ESPP shares was estimated using the Black-Scholes option valuation model with the following weighted-average assumptions:

	Six Months Ended
	December 31, 2021
Expected dividend yield		0	%
Risk-free interest rate		0.4	%
Expected volatility		39	%
Expected life (in years)		1.2

Net Loss Per Share - Schedule of Anti-dilutive Securities Excluded from Computation of Net Loss Per Share Attributable to Common Stockholders (Details) - shares	6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from net loss per share attributable to common stockholders	18,786,991	32,698,395
Convertible Preferred Stock (on an if-converted basis)
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from net loss per share attributable to common stockholders	0	19,034,437
Outstanding Stock Options to Purchase Common Stock
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from net loss per share attributable to common stockholders	13,961,943	13,663,958
Unvested Performance Stock Units and Restricted Stock Units
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from net loss per share attributable to common stockholders	4,818,441	0
Shares Issuable under Employee Stock Purchase Plan
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from net loss per share attributable to common stockholders	6,607	0

Commitments and Contingencies - Additional Information (Details) - USD ($)	1 Months Ended			6 Months Ended
	Dec. 31, 2028	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2021	Dec. 31, 2020	Jun. 30, 2021
Long Term Purchase Commitment [Line Items]
Operating lease expiration year				2031
Operating lease, rent expense				$ 4,400,000	$ 3,800,000
Provision for litigation liability			$ 0	0		$ 0
Software Subscription and Cloud Hosting Service Provider Commitments
Long Term Purchase Commitment [Line Items]
Purchase commitment amount				$ 5,300,000
Software Subscription and Cloud Hosting Service Provider Commitments \| Scenario Forecast
Long Term Purchase Commitment [Line Items]
Purchase commitment amount	$ 4,700,000	$ 600,000
Cloud Services Commitment
Long Term Purchase Commitment [Line Items]
Purchase commitment amount			$ 110,000,000.0
Purchase commitment period			7 years
Cloud Services Commitment \| Minimum
Long Term Purchase Commitment [Line Items]
Purchase commitment amount			$ 110,000,000.0

Property and Equipment - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Property Plant And Equipment [Abstract]
Depreciation expense	$ 0.3	$ 0.4	$ 0.6	$ 0.6
Capitalized software amortization	$ 0.5	$ 0.3	$ 0.9	$ 0.5

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Dec. 31, 2021	Feb. 04, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 31, 2021
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Entity Registrant Name	Intapp, Inc.
Entity Central Index Key	0001565687
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Current Fiscal Year End Date	--06-30
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		61,418,569
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	INTA
Security Exchange Name	NASDAQ
Entity File Number	001-40550
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	46-1467620
Entity Address, Address Line One	3101 Park Blvd
Entity Address, City or Town	Palo Alto
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94306
City Area Code	650
Local Phone Number	852-0400
Document Quarterly Report	true
Document Transition Report	false

Fair Value Measurements - Additional Information (Details) $ in Millions	Jun. 30, 2021 USD ($)
Other Current Liabilities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Contingent consideration liabilities, current	$ 11.0
Other Liabilities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Contingent consideration liabilities, non-current	$ 12.5

Revenues - Additional Information 1 (Details) - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-01-01	Dec. 31, 2021
Disaggregation Of Revenue [Line Items]
Revenue, Remaining Performance Obligation, Percentage	64.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	12 months

Goodwill and Intangible Assets (Tables)

6 Months Ended

Dec. 31, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

Schedule of Changes in Carrying Amounts of Goodwill

Changes in the carrying amounts of goodwill were as follows (in thousands):

	Six Months Ended December 31,
	2021			2020
Balance, beginning of period	$	262,270		$	227,992
Foreign currency translation adjustment		(227	)		929
Balance, end of period	$	262,043		$	228,921

Schedule of Intangible Assets

Intangible assets acquired through business combinations consisted of the following (in thousands):

	December 31, 2021
	Useful Life (In years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Client relationships	9 to 15	$	41,000	$	(17,818	)	$	23,182
Noncompete agreements	3 to 5		4,107		(2,655	)		1,452
Trademarks and trade names	Indefinite		4,892		—			4,892
Trademarks and trade names	1 to 3		7,613		(3,441	)		4,172
Core technology	3 to 5		47,019		(34,986	)		12,033
Intangible assets, net		$	104,631	$	(58,900	)	$	45,731

	June 30, 2021
	Useful Life (In years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Client relationships	9 to 15	$	41,000	$	(15,879	)	$	25,121
Noncompete agreements	3 to 5		4,107		(2,442	)		1,665
Trademarks and trade names	Indefinite		4,892		—			4,892
Trademarks and trade names	1 to 3		7,613		(2,902	)		4,711
Core technology	3 to 5		47,019		(31,059	)		15,960
Intangible assets, net		$	104,631	$	(52,282	)	$	52,349

Schedule of Amortization Expense Related to Acquired Intangible Assets

Amortization expense related to acquired intangible assets was recognized as follows (in thousands):

	Three Months Ended December 31,				Six Months Ended December 31,
	2021		2020		2021		2020
Cost of SaaS and support	$	1,963	$	1,681	$	3,927	$	3,433
Sales and marketing		1,240		992		2,479		1,984
General and administrative		107		—		213		—
Total amortization expense	$	3,310	$	2,673	$	6,619	$	5,417

Schedule of Estimated Future Amortization Expense of Acquired Intangible Assets

As of December 31, 2021, the estimated future amortization expense of acquired intangible assets is as follows (in thousands):

Fiscal Year Ending June 30,	Amount
2022 (remaining 6 months)	$	6,619
2023		9,190
2024		7,707
2025		5,291
2026		3,111
2027 and thereafter		8,921
Total remaining amortization	$	40,839

Stock-Based Compensation - Schedule of Performance Stock Unit Activity (Details) - Performance Stock Unit	6 Months Ended
	Dec. 31, 2021 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock Awards Outstanding, Beginning balance \| shares	3,950,000
Stock Awards Outstanding, Granted \| shares	163,527
Stock Awards Outstanding, Vested \| shares	0
Stock Awards Outstanding, Forfeited \| shares	(54,784)
Stock Awards Outstanding, Ending balance \| shares	4,058,743
Weighted-Average Grant Date Fair Value, Beginning balance \| $ / shares	$ 26.00
Weighted-Average Grant Date Fair Value, Granted \| $ / shares	38.18
Weighted-Average Grant Date Fair Value, Vested \| $ / shares	0
Weighted-Average Grant Date Fair Value, Forfeited \| $ / shares	27.06
Weighted-Average Grant Date Fair Value, Ending balance \| $ / shares	$ 26.48

Net Loss Per Share (Tables)

6 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Computation of Basic and Diluted Net Loss Per Share

The following table sets forth the computation of basic and diluted net loss per share for the periods indicated (in thousands, except per share data):

	Three Months Ended December 31,						Six Months Ended December 31,
	2021			2020			2021			2020
Numerator:
Net loss	$	(24,225	)	$	(10,330	)	$	(49,355	)	$	(20,737	)
Less: cumulative dividends allocated to preferred stockholders		—			(3,889	)		—			(7,700	)
Net loss attributable to common stockholders	$	(24,225	)	$	(14,219	)	$	(49,355	)	$	(28,437	)
Denominator:
Weighted-average shares used to compute net loss per share attributable to common stockholders, basic and diluted		60,889			28,063			60,487			27,024
Net loss per share attributable to common stockholders
Basic and diluted	$	(0.40	)	$	(0.51	)	$	(0.82	)	$	(1.05	)

Schedule of Anti-dilutive Securities Excluded from Computation of Net Loss Per Share Attributable to Common Stockholders

Basic net loss per share is the same as diluted net loss per share because the Company reported net losses for all periods presented. The Company excluded the following potential shares of common stock from the calculation of diluted net loss per share attributable to common stockholders because their effect would be anti-dilutive:

	As of December 31,
	2021		2020
Convertible preferred stock (on an if-converted basis)		—		19,034,437
Outstanding stock options to purchase common stock		13,961,943		13,663,958
Unvested performance stock units and restricted stock units		4,818,441		—
Shares issuable under employee stock purchase plan		6,607		—
Total		18,786,991		32,698,395

Debt - Additional Information (Details)			3 Months Ended		6 Months Ended
Debt - Additional Information (Details)	Oct. 05, 2021 USD ($)	Jul. 12, 2021 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Jun. 30, 2021 USD ($)
Debt Instrument [Line Items]
Debt instrument, outstanding borrowings			$ 0		$ 0
Loss on debt extinguishment		$ 2,400,000	0	$ 0	2,407,000	$ 0
Costs related to credit agreement			800,000		800,000
JP Morgan Credit Agreement
Debt Instrument [Line Items]
Debt instrument, outstanding borrowings			$ 0		$ 0
JP Morgan Credit Agreement \| Minimum
Debt Instrument [Line Items]
Net leverage ratio	0.25
JP Morgan Credit Agreement \| Maximum
Debt Instrument [Line Items]
Net leverage ratio	0.40
JP Morgan Credit Agreement \| LIBOR \| Minimum
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate	1.75%
JP Morgan Credit Agreement \| LIBOR \| Maximum
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate	2.50%
JP Morgan Credit Agreement \| Alternate Base Rate \| Minimum
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate	0.75%
JP Morgan Credit Agreement \| Alternate Base Rate \| Maximum
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate	1.50%
Term Loan
Debt Instrument [Line Items]
Debt instrument, outstanding borrowings							$ 273,000,000.0
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit							$ 5,000,000.0
Revolving Credit Facility \| JP Morgan Credit Agreement
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity	$ 50,000,000.0
Senior Secured Revolving Credit Facility \| JP Morgan Credit Agreement
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity	$ 100,000,000.0
Debt instrument term	5 years
Letters of Credit \| JP Morgan Credit Agreement
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity	$ 10,000,000.0

Stock-Based Compensation - Summary of Fair Value of Stock Option Grants with Weighted-Average Assumptions (Details)	6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Expected dividend yield	0.00%	0.00%
Risk-free interest rate	1.00%	0.30%
Expected volatility	40.00%	38.00%
Expected life (in years)	6 years	6 years

Revenues - Summary of Contract Assets and Liabilities (Parenthetical) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Jun. 30, 2021
Revenue Recognition [Abstract]
Long-term portion of unbilled accounts receivable, net	$ 13	$ 85

CONDENSED CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT) (Parenthetical) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Offering costs / Issuance costs		$ 169
Initial Public Offering
Offering costs / Issuance costs	$ 9,767

Income Taxes

6 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Income Taxes

Note 11. Income Taxes

The Company determines its income tax provision for interim periods using an estimate of its annual effective tax rate adjusted for discrete items occurring during the periods presented. The primary difference between its effective tax rate and the federal statutory rate is the full valuation allowance the Company has established on its federal and state net operating losses and credits. Income taxes from international operations were not material for the three and six months ended December 31, 2021 and 2020.

The Company files income tax returns in the U.S. federal jurisdiction, various state jurisdictions and various foreign jurisdictions. In the normal course of business, the Company is subject to examination by taxing authorities. The Company is not currently under audit by the Internal Revenue Service or other similar tax authorities. The Company’s tax returns remain open to examination as follows: U.S. federal and states, all tax years; and significant foreign jurisdictions, generally 2017 through 2021.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 14
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+ Details

Description of Business - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions			6 Months Ended
	Jul. 08, 2021	Jul. 02, 2021	Dec. 31, 2021	Dec. 31, 2020
Common Stock
Subsidiary Sale Of Stock [Line Items]
Number of shares sold				2,432,545
Initial Public Offering \| Series A and Series A-1 Convertible Preferred Stock
Subsidiary Sale Of Stock [Line Items]
Temporary equity, description			Upon the closing of the IPO, all outstanding shares of Series A and Series A-1 convertible preferred stock automatically converted into 19,034,437 shares of common stock on a one-for-one basis.
Initial Public Offering \| Common Stock
Subsidiary Sale Of Stock [Line Items]
Number of shares sold		10,500,000	12,075,000
Public offering price per share		$ 26.00
Net proceeds from offering		$ 244.8
Underwriting discounts		18.4
Offering costs		$ 9.8
Conversion of convertible preferred stock to common stock upon initial public offering, shares			19,034,437
Initial Public Offering \| Common Stock \| Series A and Series A-1 Convertible Preferred Stock
Subsidiary Sale Of Stock [Line Items]
Conversion of convertible preferred stock to common stock upon initial public offering, shares		19,034,437
Underwriters \| Common Stock
Subsidiary Sale Of Stock [Line Items]
Number of shares sold	1,575,000
Public offering price per share	$ 26.00
Net proceeds from offering	$ 38.2
Underwriting discounts	$ 2.8

Property and Equipment

6 Months Ended

Dec. 31, 2021

Property Plant And Equipment [Abstract]

Property and Equipment

Note 6. Property and Equipment

Property and equipment, net, consisted of the following (in thousands):

	December 31, 2021			June 30, 2021
Computer equipment and software	$	966		$	1,751
Capitalized internal-use software		8,781			6,843
Furniture and office equipment		1,889			2,189
Leasehold improvements		5,351			5,417
Construction in progress		182			—
Total property and equipment		17,169			16,200
Less: accumulated depreciation and amortization		(5,921	)		(5,526	)
Property and equipment, net	$	11,248		$	10,674

Depreciation expense, excluding the amortization of capitalized software development costs, was $0.3 million and $0.4 million for the three months ended December 31, 2021 and 2020, respectively, and was $0.6 million for the six months ended December 31, 2021 and 2020.

Amortization expense related to capitalized internal-use software was $0.5 million and $0.3 million for the three months ended December 31, 2021 and 2020, respectively, and was $0.9 million and $0.5 million for the six months ended December 31, 2021 and 2020, respectively.

Revenues

6 Months Ended

Dec. 31, 2021

Revenue Recognition [Abstract]

Revenues

Note 3. Revenues

Disaggregation of Revenues

Revenues by geography were as follows (in thousands):

	Three Months Ended December 31,				Six Months Ended December 31,
	2021		2020		2021		2020
United States	$	44,474	$	34,438	$	87,105	$	68,637
United Kingdom		11,442		9,241		23,320		17,946
Rest of the world		8,781		5,906		16,462		11,145
Total	$	64,697	$	49,585	$	126,887	$	97,728

No country other than those listed above accounted for 10% or more of the Company’s revenues during the three and six months ended December 31, 2021 and 2020.

Contract balances

The Company’s contract assets and liabilities were as follows (in thousands):

	December 31, 2021		June 30, 2021
Unbilled accounts receivable, net⁽¹⁾	$	6,914	$	6,925
Deferred revenue, net		119,823		109,801

(1)	The long-term portion of $13 and $85 as of December 31, 2021 and June 30, 2021, respectively, is included in other assets.

There was no allowance for doubtful accounts associated with unbilled receivables as of December 31, 2021 and June 30, 2021. During the six months ended December 31, 2021, the Company recognized $76.0 million in revenue pertaining to deferred revenue as of June 30, 2021.

Performance Obligations

Remaining performance obligations represent non-cancellable contracted revenues that have not yet been recognized, which includes deferred revenue and amounts that will be invoiced and recognized as revenues in future periods. Subscription services are typically satisfied over one to three years, support services are generally satisfied within one year, and professional services are typically satisfied within one year. Professional services under time and material contracts are not included in the performance obligations amount as these arrangements can be cancelled at any time.

As of December 31, 2021, approximately $247.7 million of revenues is expected to be recognized from remaining performance obligations with approximately 64% over the next 12 months and the remainder thereafter.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

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+ Details

Net Loss Per Share - Computation of Basic and Diluted Net Loss Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Numerator:
Net loss	$ (24,225)	$ (10,330)	$ (49,355)	$ (20,737)
Less: cumulative dividends allocated to preferred stockholders	0	(3,889)	0	(7,700)
Net loss attributable to common stockholders	$ (24,225)	$ (14,219)	$ (49,355)	$ (28,437)
Denominator:
Weighted-average shares used to compute net loss per share attributable to common stockholders, basic and diluted	60,889	28,063	60,487	27,024
Net loss per share attributable to common stockholders
Basic and diluted	$ (0.40)	$ (0.51)	$ (0.82)	$ (1.05)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.

+ References

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+ Details

Fair Value Measurements (Tables)

6 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Summary of Financial Liabilities Measured at Fair Value on Recurring Basis

	December 31, 2021
	Level 1		Level 2		Level 3		Total
Liabilities:
Liability for contingent consideration, current portion	$	—	$	—	$	23,114	$	23,114
Total	$	—	$	—	$	23,114	$	23,114

	June 30, 2021
	Level 1		Level 2		Level 3		Total
Liabilities:
Term loan	$	—	$	273,000	$	—	$	273,000
Revolving credit facility	—			5,000	—			5,000
Liability for contingent consideration, current and non-current portion		—		—		23,502		23,502
Total	$	—	$	278,000	$	23,502	$	301,502

Schedule of Changes in Fair Value of Contingent Consideration Liabilities

Changes in the fair value of contingent consideration liabilities during the six months ended December 31, 2021 were as follows:

	Amount
Balance as of June 30, 2021	$	23,502
Change in fair value of contingent consideration		727
Unrealized foreign currency gain		(1,115	)
Balance as of December 31, 2021	$	23,114

CONDENSED CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT) - USD ($) $ in Thousands	Total	Initial Public Offering	Convertible Preferred Stock	Convertible Preferred Stock Initial Public Offering	Common Stock	Common Stock Initial Public Offering	Additional Paid-in Capital	Additional Paid-in Capital Initial Public Offering	Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Initial Public Offering	Accumulated Deficit	Accumulated Deficit Initial Public Offering
Beginning Balance at Jun. 30, 2020	$ (170,664)				$ 24		$ 69,178		$ (1,667)		$ (238,199)
Beginning Balance, shares at Jun. 30, 2020			19,034,437
Beginning Balance at Jun. 30, 2020			$ 144,148
Beginning Balance, shares at Jun. 30, 2020					24,331,569
Issuance of common stock, net of offering costs / issuance costs	29,020				$ 2		29,018		0		0
Issuance of common stock, net of offering costs / issuance costs, shares					2,432,545
Repurchase of shares	(1,892)				$ 0		(797)		0		(1,095)
Repurchase of shares, shares					(200,000)
Issuance of common stock upon exercise of stock options	7,288				$ 2		7,286		0		0
Issuance of common stock upon exercise of stock options, shares					1,769,462
Stock-based compensation	8,825				$ 0		8,825		0		0
Foreign currency translation adjustments	1,041				0		0		1,041		0
Net loss	(20,737)				0		0		0		(20,737)
Ending Balance at Dec. 31, 2020	(147,119)				$ 28		113,510		(626)		(260,031)
Ending Balance, shares at Dec. 31, 2020			19,034,437
Ending Balance at Dec. 31, 2020			$ 144,148
Ending Balance, shares at Dec. 31, 2020					28,333,576
Beginning Balance at Sep. 30, 2020	(143,233)				$ 28		107,692		(1,252)		(249,701)
Beginning Balance, shares at Sep. 30, 2020			19,034,437
Beginning Balance at Sep. 30, 2020			$ 144,148
Beginning Balance, shares at Sep. 30, 2020					28,000,200
Issuance of common stock upon exercise of stock options	1,583				$ 0		1,583		0		0
Issuance of common stock upon exercise of stock options, shares					333,376
Stock-based compensation	4,235				$ 0		4,235		0		0
Foreign currency translation adjustments	626				0		0		626		0
Net loss	(10,330)				0		0		0		(10,330)
Ending Balance at Dec. 31, 2020	(147,119)				$ 28		113,510		(626)		(260,031)
Ending Balance, shares at Dec. 31, 2020			19,034,437
Ending Balance at Dec. 31, 2020			$ 144,148
Ending Balance, shares at Dec. 31, 2020					28,333,576
Beginning Balance at Jun. 30, 2021	(157,580)				$ 29		128,943		(494)		(286,058)
Beginning Balance, shares at Jun. 30, 2021			19,034,437
Beginning Balance at Jun. 30, 2021			$ 144,148
Beginning Balance, shares at Jun. 30, 2021					29,444,577
Conversion of convertible preferred stock to common stock upon initial public offering		$ 144,148				$ 19		$ 144,129		$ 0		$ 0
Conversion of convertible preferred stock to common stock upon initial public offering, shares				(19,034,437)
Conversion of convertible preferred stock to common stock upon initial public offering				$ (144,148)
Conversion of convertible preferred stock to common stock upon initial public offering, shares						19,034,437
Issuance of common stock, net of offering costs / issuance costs		$ 282,991				$ 12		$ 282,979		$ 0		$ 0
Issuance of common stock, net of offering costs / issuance costs, shares						12,075,000
Issuance of common stock upon exercise of stock options	$ 3,883				$ 1		3,882		0		0
Issuance of common stock upon exercise of stock options, shares	594,570				594,570
Stock-based compensation	$ 39,468				$ 0		39,468		0		0
Foreign currency translation adjustments	(237)				0		0		(237)		0
Net loss	(49,355)				0		0		0		(49,355)
Ending Balance at Dec. 31, 2021	263,318				$ 61		599,401		(731)		(335,413)
Ending Balance, shares at Dec. 31, 2021			0
Ending Balance at Dec. 31, 2021			$ 0
Ending Balance, shares at Dec. 31, 2021					61,148,584
Beginning Balance at Sep. 30, 2021	265,438				$ 61		577,339		(774)		(311,188)
Beginning Balance, shares at Sep. 30, 2021					60,926,767
Issuance of common stock upon exercise of stock options	1,622				$ 0		1,622		0		0
Issuance of common stock upon exercise of stock options, shares					221,817
Stock-based compensation	20,440				$ 0		20,440		0		0
Foreign currency translation adjustments	43				0		0		43		0
Net loss	(24,225)				0		0		0		(24,225)
Ending Balance at Dec. 31, 2021	$ 263,318				$ 61		$ 599,401		$ (731)		$ (335,413)
Ending Balance, shares at Dec. 31, 2021			0
Ending Balance at Dec. 31, 2021			$ 0
Ending Balance, shares at Dec. 31, 2021					61,148,584

Debt

6 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Debt

Note 8. Debt

As of June 30, 2021, the Company had outstanding borrowings of $273.0 million under a term loan and $5.0 million under an associated revolving credit facility (together, the “Prior Credit Facility”). On July 12, 2021, amounts outstanding under the Prior Credit Facility were repaid in full from proceeds of the IPO. As a result of the extinguishment of the debt, a loss of $2.4 million related to the write-off of unamortized financing costs, has been recorded as a loss on debt extinguishment in the unaudited condensed consolidated statement of operations for the three months ended September 30, 2021. As of December 31, 2021, the Company had no outstanding borrowings under the Prior Credit Facility.

On October 5, 2021, the Company entered into a Credit Agreement (the “Credit Agreement”) among the Company, the guarantors party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent (“JPMorgan”). The Credit Agreement provides for a five-year, senior secured revolving credit facility of $100.0 million with a sub-facility for letters of credit in the aggregate amount of up to $10.0 million (the “JPMorgan Credit Facility”). The Credit Agreement also provides that the Company may seek additional revolving credit commitments in an aggregate amount not to exceed $50.0 million, subject to certain administrative procedures, including approval by the Administrative Agent. Future borrowings under the JPMorgan Credit Facility will bear interest, at the Company’s election, at an annual rate of either (a) LIBOR plus a percentage spread (ranging from 1.75% to 2.50%) or (b) an alternate base rate (as described in the Credit Agreement) plus a percentage spread (ranging from 0.75% to 1.50%), in each case based on the Company’s total net leverage ratio. In addition, a commitment fee accrues with respect to the unused amount of the JPMorgan Credit Facility at an annual rate ranging from 0.25% to 0.40%, based on the Company’s total net leverage ratio.

In connection with the execution of the Credit Agreement, the Company also entered into a pledge and security agreement (the “Security Agreement”) dated as of October 5, 2021 with the subsidiaries of the Company and JPMorgan, as collateral agent for the secured parties. Under the Security Agreement, borrowings under the JPMorgan Credit Facility are secured by a first priority pledge of all of the capital stock and substantially all of the assets (excluding real estate interests) of each subsidiary of the Company and the subsidiary guarantors.

The Credit Agreement provides that the Company must maintain compliance with a maximum consolidated total net leverage ratio covenant, as determined in accordance with the Credit Agreement. It also contains affirmative, negative and financial covenants, including limitations on certain other indebtedness, loans and investments, liens, mergers, asset sales, and transactions with affiliates, as well as customary events of default. The Company was in compliance with all covenants as of December 31, 2021.

The Company incurred $0.8 million of costs directly related to the Credit Agreement, which were capitalized and are being amortized over the term of the Credit Agreement. These debt issuance costs are included in other assets on the unaudited condensed consolidated balance sheets. As of December 31, 2021, there were no outstanding borrowings under the JPMorgan Credit Facility.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (a)
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-Name Accounting Standards Codification
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
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-Section 50
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-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

+ Details

Goodwill and Intangible Assets - Schedule of Estimated Future Amortization Expense of Acquired Intangible Assets (Details) $ in Thousands	Dec. 31, 2021 USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
2022 (remaining 6 months)	$ 6,619
2023	9,190
2024	7,707
2025	5,291
2026	3,111
2027 and thereafter	8,921
Net carrying amount	$ 40,839

Net Loss Per Share

6 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Net Loss Per Share

Note 12. Net Loss Per Share

The following table sets forth the computation of basic and diluted net loss per share for the periods indicated (in thousands, except per share data):

	Three Months Ended December 31,						Six Months Ended December 31,
	2021			2020			2021			2020
Numerator:
Net loss	$	(24,225	)	$	(10,330	)	$	(49,355	)	$	(20,737	)
Less: cumulative dividends allocated to preferred stockholders		—			(3,889	)		—			(7,700	)
Net loss attributable to common stockholders	$	(24,225	)	$	(14,219	)	$	(49,355	)	$	(28,437	)
Denominator:
Weighted-average shares used to compute net loss per share attributable to common stockholders, basic and diluted		60,889			28,063			60,487			27,024
Net loss per share attributable to common stockholders
Basic and diluted	$	(0.40	)	$	(0.51	)	$	(0.82	)	$	(1.05	)

	As of December 31,
	2021		2020
Convertible preferred stock (on an if-converted basis)		—		19,034,437
Outstanding stock options to purchase common stock		13,961,943		13,663,958
Unvested performance stock units and restricted stock units		4,818,441		—
Shares issuable under employee stock purchase plan		6,607		—
Total		18,786,991		32,698,395

Goodwill and Intangible Assets

6 Months Ended

Dec. 31, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Note 4. Goodwill and Intangible Assets

Goodwill

Changes in the carrying amounts of goodwill were as follows (in thousands):

	Six Months Ended December 31,
	2021			2020
Balance, beginning of period	$	262,270		$	227,992
Foreign currency translation adjustment		(227	)		929
Balance, end of period	$	262,043		$	228,921

Intangible Assets

Intangible assets acquired through business combinations consisted of the following (in thousands):

	December 31, 2021
	Useful Life (In years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Client relationships	9 to 15	$	41,000	$	(17,818	)	$	23,182
Noncompete agreements	3 to 5		4,107		(2,655	)		1,452
Trademarks and trade names	Indefinite		4,892		—			4,892
Trademarks and trade names	1 to 3		7,613		(3,441	)		4,172
Core technology	3 to 5		47,019		(34,986	)		12,033
Intangible assets, net		$	104,631	$	(58,900	)	$	45,731

	June 30, 2021
	Useful Life (In years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Client relationships	9 to 15	$	41,000	$	(15,879	)	$	25,121
Noncompete agreements	3 to 5		4,107		(2,442	)		1,665
Trademarks and trade names	Indefinite		4,892		—			4,892
Trademarks and trade names	1 to 3		7,613		(2,902	)		4,711
Core technology	3 to 5		47,019		(31,059	)		15,960
Intangible assets, net		$	104,631	$	(52,282	)	$	52,349

The fair value of intangible assets was derived based on the income approach. This fair value measurement is based on significant inputs that are not observable in the market. Key assumptions utilized in management’s analysis included the following:

•	Revenues and expense forecasts were based on trends of historical performance and management’s estimate of future performance.

•	Cash flows utilized in the discounted cash flow analysis were estimated using a weighted-average cost of capital.

Amortization expense related to acquired intangible assets was recognized as follows (in thousands):

	Three Months Ended December 31,				Six Months Ended December 31,
	2021		2020		2021		2020
Cost of SaaS and support	$	1,963	$	1,681	$	3,927	$	3,433
Sales and marketing		1,240		992		2,479		1,984
General and administrative		107		—		213		—
Total amortization expense	$	3,310	$	2,673	$	6,619	$	5,417

As of December 31, 2021, the estimated future amortization expense of acquired intangible assets is as follows (in thousands):

Fiscal Year Ending June 30,	Amount
2022 (remaining 6 months)	$	6,619
2023		9,190
2024		7,707
2025		5,291
2026		3,111
2027 and thereafter		8,921
Total remaining amortization	$	40,839

Fair Value Measurements - Summary of Financial Liabilities Measured at Fair Value on Recurring Basis (Details) - Fair Value, Recurring Basis - USD ($) $ in Thousands	Dec. 31, 2021	Jun. 30, 2021
Liabilities:
Term loan		$ 273,000
Revolving credit facility		5,000
Liability for contingent consideration, current portion	$ 23,114
Liability for contingent consideration, current and non-current portion		23,502
Total	23,114	301,502
Level 1
Liabilities:
Term loan		0
Revolving credit facility		0
Liability for contingent consideration, current portion	0
Liability for contingent consideration, current and non-current portion		0
Total	0	0
Level 2
Liabilities:
Term loan		273,000
Revolving credit facility		5,000
Liability for contingent consideration, current portion	0
Liability for contingent consideration, current and non-current portion		0
Total	0	278,000
Level 3
Liabilities:
Term loan		0
Revolving credit facility		0
Liability for contingent consideration, current portion	23,114
Liability for contingent consideration, current and non-current portion		23,502
Total	$ 23,114	$ 23,502

Summary of Accounting Policies

6 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Summary of Accounting Policies

Note 2. Summary of Accounting Policies

Basis of Presentation and Principles of Consolidation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and the requirements of the U.S. Securities and Exchange Commission (the “SEC”) for interim reporting. Certain information and disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Therefore, these unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2021 filed with the SEC on September 15, 2021. The unaudited condensed consolidated financial statements include accounts of the Company and its consolidated subsidiaries, after eliminating all inter-company transactions and balances.

The interim unaudited condensed consolidated financial statements have been prepared on a basis consistent with the annual consolidated financial statements and, in the opinion of management, reflect all adjustments, which include only normal and recurring adjustments, necessary to state fairly the Company’s financial condition, its operations and cash flows for the periods presented. The historical results are not necessarily indicative of future results, and the results of operations for the three and six months ended December 31, 2021 are not necessarily indicative of the results to be expected for the full year or any other period.

Use of Estimates

The preparation of the accompanying unaudited condensed consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amounts reported and disclosed in the unaudited condensed consolidated financial statements and accompanying notes. Those estimates and assumptions include, but are not limited to, revenue recognition including determination of the standalone selling price (“SSP”) of the deliverables included in multiple deliverable revenue arrangements; the depreciable lives of long-lived assets including intangible assets; the expected useful life of deferred commissions; the fair value of common stock used in stock-based compensation; the fair value of assets acquired and liabilities assumed in business combinations; goodwill and long-lived assets impairment assessment; the fair value of contingent consideration liabilities; valuation allowances on deferred tax assets and accounts receivable; uncertain tax positions; and loss contingencies. The Company evaluates estimates and assumptions on an ongoing basis using historical experience and other factors including those resulting from the impacts of the COVID-19 pandemic and adjusts those estimates and assumptions when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ from these estimates, and those differences could be material to the unaudited condensed consolidated financial statements.

Significant Accounting Policies

The Company’s significant accounting policies are described in Note 2, Summary of Accounting Policies, to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2021. There have been no material changes to the significant accounting policies during the six months ended December 31, 2021.

Revenue Recognition

The Company’s revenues are derived from contracts with our clients. The majority of the Company’s revenues are derived from the sale of our software as a service (“SaaS”) solutions and subscriptions to our term software applications, including support services, as well as the provision of professional services for the implementation of our solutions. The Company accounts for revenues in accordance with Accounting Standards Codification 606, Revenue from Contracts with Customers (“ASC 606”), which the Company adopted on July 1, 2020 using the full retrospective method of adoption.

The core principle of ASC 606 is to recognize revenues upon the transfer of control of services or products to customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services or products. The Company applies the following framework to recognize revenues:

Identification of the contract, or contracts, with our clients

The Company considers the terms and conditions of written contracts and its customary business practices in identifying its contracts under ASC 606. The Company determines it has a contract with a client when the contract is approved, each party’s rights regarding the services and products to be transferred can be identified, payment terms for the services and products can be identified, the client has the ability and intent to pay, and the contract has commercial substance. The Company evaluates whether two or more contracts entered within close proximity with one another should be combined and accounted for as a single contract. The Company also evaluates the client’s ability and intent to pay, which is based on a variety of factors, including the client’s historical payment experience or, in the case of a new client, credit and financial information pertaining to the client.

Identification of the performance obligation in the contract

Performance obligations promised in a contract are identified based on the services or products that will be transferred to the client that are both:

capable of being distinct, whereby the client can benefit from the service or product either on its own or together with other resources that are readily available from the Company or third parties, and

ii.

distinct in the context of the contract, whereby the transfer of the services or products is separately identifiable from other promises in the contract.

To the extent a contract includes multiple promised services or products, the Company applies judgment to determine whether promised services or products are capable of being distinct and distinct in the context of the contract. If these criteria are not met, the promised services or products are accounted for as a combined performance obligation.

The Company derives its revenues primarily from the following four sources, which represent the performance obligations of the Company:

Sales of SaaS under subscription arrangements: revenue derived from subscriptions to our SaaS solutions;

ii.

Sales of subscriptions to our licenses: software revenues derived from the sale of term licenses to clients;

iii.

Support activities: support activities that consist of email and phone support, bug fixes, and rights to unspecified software updates and upgrades released on a when, and if, available basis during the support term; and

iv.

Sales of professional services: services related to the implementation and configuration of the Company’s SaaS offerings and software licenses.

SaaS and subscription licenses are generally sold as annual or multi-year initial terms with automatic annual renewal provisions on expiration of the initial term. Support for subscription licenses follows the same contract periods as the initial or renewal term. Professional services related to implementation and configuration activities are typically time and materials contracts.

Determination of the transaction price

The transaction price is determined based on the consideration to which the Company expects to be entitled in exchange for transferring services and products to the client. Variable consideration is estimated and included in the transaction price if, in the Company’s judgment, it is probable that no significant future reversal of cumulative revenues under the contract will occur.

In instances where the timing of revenue recognition differs from the timing of invoicing, the Company has determined that contracts generally do not include a significant financing component. The primary purpose of the Company’s invoicing terms is to provide clients with simplified and predictable ways of purchasing the Company’s products and services, not to receive financing from clients or to provide clients with financing.

Allocation of the transaction price to the performance obligations in the contract

If the contract contains a single performance obligation, the entire transaction price is allocated to the single performance obligation. Contracts that contain multiple performance obligations require an allocation of the transaction price to each performance obligation based on its relative SSP. The majority of the Company’s contracts contain multiple performance obligations, such as when subscription licenses are sold with support and professional services. Some of the Company’s performance obligations have observable inputs that are used to determine the SSP of those distinct performance obligations. Where SSP is not directly observable, the Company determines the SSP using information that may include market conditions and other observable inputs.

Recognition of revenues when, or as, the Company satisfies a performance obligation

The Company recognizes revenues as control of the services or products is transferred to a client, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services or products. The Company is principally responsible for the satisfaction of its distinct performance obligations, which are satisfied either at a point in time or over a period of time.

The Company records revenues net of applicable sales taxes collected. Sales taxes collected from clients are recorded as part of accounts payable in the accompanying consolidated balance sheets and are remitted to state and local taxing jurisdictions based on the filing requirements of each jurisdiction.

Performance obligations satisfied at a point in time

Subscription licenses

The Company has concluded that its sale of term licenses to clients (“subscription licenses”) provides the client with the right to functional intellectual property (“IP”) and are distinct performance obligations from which the client can benefit on a stand-alone basis. The transaction price allocated to subscription license arrangements is recognized as revenues at a point in time when control is transferred to the client, which generally occurs at the time of delivery or upon commencement of the renewal term. Subscription license fees are generally payable in advance on an annual basis over the term of the license arrangement, which is typically noncancelable.

Performance obligations satisfied over a period of time

SaaS and support as well as professional services arrangements comprise the majority of distinct performance obligations that are satisfied over a period of time.

SaaS and support

The transaction price allocated to SaaS subscription arrangements is recognized as revenues over time throughout the term of the contract as the services are provided on a continuous basis, beginning after the SaaS environment is provisioned and made available to clients. The Company’s SaaS subscriptions are generally one to three years in duration, with the majority being one year. Consideration from SaaS arrangements is typically billed in advance on an annual basis.

The Company’s subscription license sales include noncancelable support which entitle clients to receive technical support and software updates, on a when and if available basis, during the term of the subscription license agreement. Technical support and software updates are considered distinct from the related subscription licenses but accounted for as a single stand ready performance obligation as they each constitute a series of distinct services that are substantially the same and have the same pattern of transfer to the client. The transaction price allocated to support is recognized as revenue over time on a straight-line basis over the term of the support contract which corresponds to the underlying subscription license agreement. Consideration for support services is typically billed in advance on an annual basis. In some instances, the client may purchase premium support services which are generally priced as a percentage of the associated subscription license.

Professional services

The Company’s professional services revenues are primarily comprised of implementation, configuration and upgrade services. The Company has determined that professional services provided to clients represent distinct performance obligations. These services may be provided on a stand-alone basis or bundled with other performance obligations, including SaaS arrangements, subscription licenses, and support services. The transaction price allocated to these performance obligations is recognized as revenue over time as the services are performed. The professional services engagements are billed to clients on a time and materials basis and are recognized as invoiced. In instances where professional services arrangements are sold on a fixed price basis, revenues are recognized over time using an input measure of time incurred to date relative to total estimated time to be incurred at project completion. Professional services arrangements sold on a time and materials basis are generally invoiced monthly in arrears and those sold on a fixed fee basis are invoiced upon the achievement of project milestones.

The Company records reimbursable out-of-pocket expenses associated with professional services contracts in both revenues and cost of revenues.

Contract Modifications

Contracts may be modified to account for changes in contract scope or price. The Company considers contract modifications to exist when the modification either creates new rights or obligations or changes the existing enforceable rights and obligations of either party. Contract modifications are accounted for prospectively when it results in the promise to deliver additional products and services that are distinct and contract price does not increase by an amount that reflects standalone selling price for the new goods or services.

Balance Sheet Presentation

Contracts with our clients are reflected in the consolidated balance sheets as follows:

•

Accounts receivable, net represents amounts billed to clients in accordance with contract terms for which payment has not yet been received. It is presented net of the allowance for doubtful accounts as part of current assets in the consolidated balance sheets.

•

Unbilled receivables, net represents amounts that are unbilled due to agreed-upon contractual terms in which billing occurs subsequent to revenue recognition. This generally occurs in multi-year subscription license arrangements where control of the software license is transferred at the inception of the contract, but the client is invoiced annually in advance over the term of the license. Unbilled receivables are presented net of the allowance for doubtful accounts, if applicable, in the consolidated balance sheets with the long-term portion included in other assets. Under ASC 606, these balances represent contract assets.

•

Contract costs consist principally of client acquisition costs (sales commissions). The Company classifies deferred commissions as current or non-current on our consolidated balance sheets based on the timing of when the Company expects to recognize the expense.

•

Deferred revenue, net represents amounts that have been invoiced to the client for which the Company has the right to invoice, but that have not been recognized as revenues because the related products or services have not been transferred to the client. Deferred revenue that will be realized within twelve months of the balance sheet date is classified as current. The remaining deferred revenue is presented as non-current. Under ASC 606, these balances represent contract liabilities.

The Company may receive consideration from its clients in advance of performance on a portion of the contract and, on another portion of the contract, perform in advance of receiving consideration. Contract assets and liabilities related to rights and obligations in a contract are interdependent. Therefore, contract assets and liabilities are presented net at the contract level, as either a single contract asset or a single contract liability, in the consolidated balance sheets.

Concentrations of Credit Risk and Significant Clients

Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and accounts receivable. The Company maintains its cash with high quality financial institutions. The Company is exposed to credit risk for cash held in financial institutions in the event of a default to the extent that such amounts recorded on the balance sheet are in excess of amounts that are insured by the Federal Deposit Insurance Corporation (“FDIC”).

No client individually accounted for 10% or more of the Company’s revenues for the three and six months ended December 31, 2021 and 2020. As of December 31, 2021, no client individually accounted for 10% or more of the Company’s total accounts receivable. As of June 30, 2021, one client individually accounted for 25% of the Company’s total accounts receivable.

Recent Accounting Pronouncements

The Company is an emerging growth company, as defined in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). Under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act until those standards apply to private companies. The Company has elected to use this extended transition period for complying with new or revised accounting standards that have different effective dates for public and private companies until the earlier of the date that it is (i) no longer an emerging growth company or (ii) affirmatively and irrevocably opts out of the extended transition period provided in the JOBS Act. As a result, the consolidated financial statements may not be comparable to companies that comply with the new or revised accounting pronouncements as of public company effective dates.

The JOBS Act does not preclude an emerging growth company from early adopting new or revised accounting standards.

Recently issued accounting pronouncements not yet adopted

In February 2016, the FASB issued ASU No. 2016-02, Leases. The guidance requires lessees to put most leases on their balance sheets but recognize the expenses on their income statements in a manner similar to current practice. The guidance states that a lessee would recognize a lease liability for the obligation to make lease payments and a right-of-use asset for the right to use the underlying asset for the lease term. The new standard is effective for the Company beginning July 1, 2022. The Company expects to recognize lease liabilities and right-of-use assets related to its operating leases upon adoption of the standard. The Company is evaluating the impact of this ASU on its financial statements.

In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses, which requires the establishment of an allowance for estimated credit losses on financial assets, including trade and other receivables, at each reporting date. The guidance is effective for the Company beginning July 1, 2023. The Company is evaluating the impact of this ASU on its financial statements.

In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (ASC 740): Simplifying the Accounting for Income Taxes, which is intended to simplify the accounting for income taxes by removing certain exceptions and by updating accounting requirements around franchise taxes, goodwill recognized for tax purposes, the allocation of current and deferred tax expense among legal entities, among other minor changes. Most amendments within the standard are required to be applied on a prospective basis, while certain amendments must be applied on a retrospective or modified retrospective basis. This new standard will be effective for the Company beginning July 1, 2022. The Company is currently assessing the impact of adopting this standard on its consolidated financial statements.

Stockholders' Equity - Schedule of Shares of Common Stock Reserved (Details)	Dec. 31, 2021 shares
Class Of Stock [Line Items]
Shares of common stock reserved	22,337,091
Outstanding Stock Options
Class Of Stock [Line Items]
Shares of common stock reserved	13,961,943
Unvested Performance Stock Units and Restricted Stock Units
Class Of Stock [Line Items]
Shares of common stock reserved	4,818,441
Reserved for Future Stock Award Grants
Class Of Stock [Line Items]
Shares of common stock reserved	2,089,711
Reserved for ESPP
Class Of Stock [Line Items]
Shares of common stock reserved	1,466,996

Description of Business

6 Months Ended

Dec. 31, 2021

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Description of Business

Note 1. Description of Business

Intapp, Inc. (“Intapp” or the “Company”), formerly known as LegalApp Holdings, Inc., was incorporated in Delaware on November 27, 2012 to facilitate the acquisition of Integration Appliance, Inc., which became a wholly owned subsidiary of Intapp, Inc. on December 21, 2012. LegalApp Holdings, Inc. changed its name to Intapp, Inc. in February 2021. Intapp has no significant assets or operations other than the ownership of Integration Appliance, Inc.

The Company is a leading provider of industry-specific, cloud-based software solutions for the professional and financial services industry globally. The Company empowers private capital, investment banking, legal, accounting, and consulting firms with the technology they need to meet rapidly changing client, investor, and regulatory requirements, deliver the right insights to the right professionals, replace legacy systems, and operate more competitively. The Company serves clients primarily in the United States, United Kingdom and Australian markets. References to “the Company,” “us,” “we,” or “our” in these unaudited condensed consolidated financial statements refer to the consolidated operations of Intapp and its consolidated subsidiaries.

Initial Public Offering

On July 2, 2021, the Company completed its initial public offering (“IPO”), in which it sold 10,500,000 shares of common stock at a public offering price of $26.00 per share for net proceeds of $244.8 million after deducting underwriting discounts of $18.4 million and offering costs of $9.8 million. Upon the closing of the IPO, all outstanding shares of Series A and Series A-1 convertible preferred stock automatically converted into 19,034,437 shares of common stock on a one-for-one basis.

On July 8, 2021, the underwriters of the Company’s IPO exercised in full their right to purchase an additional 1,575,000 shares of common stock at the public offering price of $26.00 per share, resulting in additional net proceeds of $38.2 million after deducting underwriting discounts of $2.8 million.

Prior to the IPO, deferred offering costs, which primarily consist of direct incremental legal and accounting fees relating to the IPO, were capitalized and recorded in other assets on the consolidated balance sheet as of June 30, 2021. Upon the consummation of the IPO, these costs were reclassified into additional paid-in capital as a reduction of the net proceeds received from the IPO. Deferred offering costs were paid in full as of December 31, 2021.

Stock-Based Compensation - Summary of Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total stock-based compensation	$ 20,440	$ 4,235	$ 39,468	$ 9,331
Cost of SaaS and Support
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total stock-based compensation	355	80	523	122
Cost of Professional Services
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total stock-based compensation	835	237	1,415	441
Research and Development
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total stock-based compensation	4,285	1,052	8,635	2,078
Sales and Marketing
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total stock-based compensation	6,888	1,246	13,357	2,831
General and Administrative
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total stock-based compensation	$ 8,077	$ 1,620	$ 15,538	$ 3,859

Stockholders' Equity - Additional Information (Details) - $ / shares	6 Months Ended
	Dec. 31, 2021	Jul. 02, 2021	Jun. 30, 2021
Equity [Abstract]
Common stock, shares authorized	700,000,000	700,000,000	65,000,000
Preferred stock, shares authorized	50,000,000	50,000,000	0
Common stock, par value per share	$ 0.001	$ 0.001	$ 0.001
Preferred stock, par value per share	$ 0.001	$ 0.001	$ 0.001
Preferred stock convertible shares issuable		19,034,437
Shares issued upon conversion for each share		1
Preferred stock convertible terms	all outstanding shares of Series A and Series A-1 convertible preferred stock were automatically converted into 19,034,437 shares of the Company’s common stock on a one-for-one basis.

Stock-Based Compensation - Schedule of Restricted Stock Unit Activity (Details) - Restricted Stock Unit	6 Months Ended
	Dec. 31, 2021 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock Awards Outstanding, Beginning balance \| shares	46,150
Stock Awards Outstanding, Granted \| shares	733,386
Stock Awards Outstanding, Vested \| shares	0
Stock Awards Outstanding, Forfeited \| shares	(19,838)
Stock Awards Outstanding, Ending balance \| shares	759,698
Weighted-Average Grant Date Fair Value, Beginning balance \| $ / shares	$ 26.00
Weighted-Average Grant Date Fair Value, Granted \| $ / shares	34.84
Weighted-Average Grant Date Fair Value, Vested \| $ / shares	0
Weighted-Average Grant Date Fair Value, Forfeited \| $ / shares	35.56
Weighted-Average Grant Date Fair Value, Ending balance \| $ / shares	$ 34.28

Revenues - Summary of Revenues by Geography (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Disaggregation Of Revenue [Line Items]
Total revenues	$ 64,697	$ 49,585	$ 126,887	$ 97,728
United States
Disaggregation Of Revenue [Line Items]
Total revenues	44,474	34,438	87,105	68,637
United Kingdom
Disaggregation Of Revenue [Line Items]
Total revenues	11,442	9,241	23,320	17,946
Rest of the World
Disaggregation Of Revenue [Line Items]
Total revenues	$ 8,781	$ 5,906	$ 16,462	$ 11,145

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Stock-Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted-average grant date fair value of options granted	$ 12.61
Total intrinsic value of options exercised	$ 14,400
Proceeds from stock option exercises	3,883	$ 7,288
Additional stock-based compensation expense relating to the buy-back of shares of common stock		$ 500
Unrecognized compensation cost related to unvested stock-based awards granted	$ 124,200
Unrecognized compensation cost related to unvested stock-based awards granted, weighted-average period for recognition	2 years 7 months 6 days
Shares reserved for future issuance	22,337,091
ESPP
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation cost related to unvested stock-based awards granted, weighted-average period for recognition	1 year 10 months 24 days
Shares reserved for future issuance	1,466,996
Purchase price of common stock lower of fair market value, percent	85.00%
Terms of award	The initial offering period for the ESPP began on December 16, 2021 and will end on November 30, 2023. The first purchase date will be on May 31, 2022, followed by three more purchase dates in six-month intervals thereafter during this initial offering period.
Expiration date	Nov. 30, 2023
Shares purchased during period	0
Unrecognized compensation expenses	$ 2,200

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Dec. 31, 2021	Jun. 30, 2021
Current assets:
Cash and cash equivalents	$ 56,024	$ 37,636
Restricted cash	3,727	3,827
Accounts receivable, net of allowance for doubtful accounts of $1,049 and $764 as of December 31, 2021 and June 30, 2021, respectively	40,505	48,573
Unbilled receivables, net	6,901	6,840
Other receivables, net	1,168	858
Prepaid expenses	7,742	9,591
Deferred commissions, current	8,429	6,551
Total current assets	124,496	113,876
Property and equipment, net	11,248	10,674
Goodwill	262,043	262,270
Intangible assets, net	45,731	52,349
Deferred commissions, noncurrent	11,892	10,414
Other assets	1,561	10,244
Total assets	456,971	459,827
Current liabilities:
Accounts payable	1,305	2,198
Accrued compensation	25,917	29,218
Accrued expenses	6,544	9,953
Deferred revenue, net	117,544	107,893
Other current liabilities	31,674	22,621
Total current liabilities	182,984	171,883
Deferred tax liabilities	5,096	5,705
Long-term deferred revenue, net	2,279	1,908
Other liabilities	3,294	18,170
Debt, net	0	275,593
Total liabilities	193,653	473,259
Commitments and contingencies (Note 7)
Stockholders’ equity (deficit)
Preferred stock, $0.001 par value per share, 50,000,000 and zero shares authorized as of December 31, 2021 and June 30, 2021, respectively; no shares issued or outstanding as of December 31, 2021 and June 30, 2021	0	0
Common stock, $0.001 par value per share, 700,000,000 and 65,000,000 shares authorized as of December 31, 2021 and June 30, 2021, respectively; 61,148,584 and 29,444,577 shares issued and outstanding as of December 31, 2021 and June 30, 2021, respectively	61	29
Additional paid-in capital	599,401	128,943
Accumulated other comprehensive loss	(731)	(494)
Accumulated deficit	(335,413)	(286,058)
Total stockholders’ equity (deficit)	263,318	(157,580)
Total liabilities, convertible preferred stock and stockholders’ equity (deficit)	456,971	459,827
Convertible Preferred Stock
Current liabilities:
Convertible preferred stock, $0.001 par value per share, zero and 19,870,040 shares authorized as of December 31, 2021 and June 30, 2021, respectively; zero and 19,034,437 shares issued and outstanding as of December 31, 2021 and June 30, 2021, respectively; liquidation preference of $0 and $203,340 as of December 31, 2021 and June 30, 2021, respectively	$ 0	$ 144,148

Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Dec. 31, 2021	Jun. 30, 2021
Finite Lived Intangible Assets [Line Items]
Intangible assets gross carrying amount excluding goodwill	$ 104,631	$ 104,631
Accumulated amortization	(58,900)	(52,282)
Intangible assets, net carrying amount excluding goodwill	45,731	52,349
Net carrying amount	40,839
Client Relationships
Finite Lived Intangible Assets [Line Items]
Gross carrying amount	41,000	41,000
Accumulated amortization	(17,818)	(15,879)
Net carrying amount	$ 23,182	$ 25,121
Client Relationships \| Minimum
Finite Lived Intangible Assets [Line Items]
Useful life (In years)	9 months	9 months
Client Relationships \| Maximum
Finite Lived Intangible Assets [Line Items]
Useful life (In years)	15 months	15 months
Noncompete Agreements
Finite Lived Intangible Assets [Line Items]
Gross carrying amount	$ 4,107	$ 4,107
Accumulated amortization	(2,655)	(2,442)
Net carrying amount	$ 1,452	$ 1,665
Noncompete Agreements \| Minimum
Finite Lived Intangible Assets [Line Items]
Useful life (In years)	3 months	3 months
Noncompete Agreements \| Maximum
Finite Lived Intangible Assets [Line Items]
Useful life (In years)	5 months	5 months
Trademarks and Trade Names
Finite Lived Intangible Assets [Line Items]
Gross carrying amount	$ 7,613	$ 7,613
Accumulated amortization	(3,441)	(2,902)
Net carrying amount	4,172	4,711
Indefinite gross carrying amount	4,892	4,892
Indefinite net carrying amount	$ 4,892	$ 4,892
Trademarks and Trade Names \| Minimum
Finite Lived Intangible Assets [Line Items]
Useful life (In years)	1 month	1 month
Trademarks and Trade Names \| Maximum
Finite Lived Intangible Assets [Line Items]
Useful life (In years)	3 months	3 months
Core Technology
Finite Lived Intangible Assets [Line Items]
Gross carrying amount	$ 47,019	$ 47,019
Accumulated amortization	(34,986)	(31,059)
Net carrying amount	$ 12,033	$ 15,960
Core Technology \| Minimum
Finite Lived Intangible Assets [Line Items]
Useful life (In years)	3 months	3 months
Core Technology \| Maximum
Finite Lived Intangible Assets [Line Items]
Useful life (In years)	5 months	5 months

Summary of Accounting Policies (Policies)

6 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Basis of Presentation and Principles of Consolidation

Use of Estimates

Revenue Recognition

Identification of the contract, or contracts, with our clients

Identification of the performance obligation in the contract

Performance obligations promised in a contract are identified based on the services or products that will be transferred to the client that are both:

ii.

distinct in the context of the contract, whereby the transfer of the services or products is separately identifiable from other promises in the contract.

The Company derives its revenues primarily from the following four sources, which represent the performance obligations of the Company:

Sales of SaaS under subscription arrangements: revenue derived from subscriptions to our SaaS solutions;

ii.

Sales of subscriptions to our licenses: software revenues derived from the sale of term licenses to clients;

iii.

iv.

Sales of professional services: services related to the implementation and configuration of the Company’s SaaS offerings and software licenses.

Determination of the transaction price

Allocation of the transaction price to the performance obligations in the contract

Recognition of revenues when, or as, the Company satisfies a performance obligation

Performance obligations satisfied at a point in time

Subscription licenses

Performance obligations satisfied over a period of time

SaaS and support as well as professional services arrangements comprise the majority of distinct performance obligations that are satisfied over a period of time.

SaaS and support

Professional services

The Company records reimbursable out-of-pocket expenses associated with professional services contracts in both revenues and cost of revenues.

Contract Modifications

Balance Sheet Presentation

Contracts with our clients are reflected in the consolidated balance sheets as follows:

•

Concentrations of Credit Risk and Significant Clients

Recent Accounting Pronouncements

The JOBS Act does not preclude an emerging growth company from early adopting new or revised accounting standards.

Recently issued accounting pronouncements not yet adopted

- Definition

Disclosure of accounting policy for revenue from contract with customer.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130561-203045

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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-Paragraph 20
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130566-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130563-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/exampleRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
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-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130566-203045

+ Details

Summary of Accounting Policies - Additional Information (Details) - Client	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Jun. 30, 2021
Customer Concentration Risk \| Revenues
Summary Of Accounting Policies [Line Items]
Number of client individually accounted for 10% or more	0	0	0	0
Customer Concentration Risk \| Accounts Receivable
Summary Of Accounting Policies [Line Items]
Number of client individually accounted for 10% or more			0		1
Customer Concentration Risk \| Accounts Receivable \| Significant Customer
Summary Of Accounting Policies [Line Items]
Concentrations of credit risk percentage					25.00%
SaaS and Support
Summary Of Accounting Policies [Line Items]
Majority subscription arrangements term			1 year
SaaS and Support \| Maximum
Summary Of Accounting Policies [Line Items]
Subscription arrangements term			3 years
SaaS and Support \| Minimum
Summary Of Accounting Policies [Line Items]
Subscription arrangements term			1 year

Goodwill and Intangible Assets - Schedule of Changes in Carrying Amounts of Goodwill (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Balance, beginning of period	$ 262,270	$ 227,992
Foreign currency translation adjustment	(227)	929
Balance, end of period	$ 262,043	$ 228,921

Stock-Based Compensation - Summary of Stock Option Activity (Details) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Dec. 31, 2021 USD ($) $ / shares shares	Jun. 30, 2021 USD ($) $ / shares shares
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Number of Options, Outstanding, Beginning balance \| shares	14,684,809
Number of Options, Granted \| shares	104,390
Number of Options, Exercised \| shares	(594,570)
Number of Options, Forfeited \| shares	(232,686)
Number of Options, Outstanding, Ending balance \| shares	13,961,943	14,684,809
Number of Options, Vested and exercisable \| shares	9,277,359
Number of Options, Unvested and early exercised \| shares	150,000
Number of Options, Vested and expected to vest \| shares	14,111,943
Weighted-Average Exercise Price, Beginning balance \| $ / shares	$ 10.11
Weighted-Average Exercise Price, Granted \| $ / shares	32.22
Weighted-Average Exercise Price, Exercised \| $ / shares	6.53
Weighted-Average Exercise Price, Forfeited \| $ / shares	13.86
Weighted-Average Exercise Price, Ending balance \| $ / shares	10.36	$ 10.11
Weighted-Average Exercise Price, Vested and exercisable \| $ / shares	7.63
Weighted-Average Exercise Price, Unvested and early exercised \| $ / shares	14.77
Weighted-Average Exercise Price, Vested and expected to vest \| $ / shares	$ 10.41
Weighted-Average Remaining Contractual Term	6 years 10 months 24 days	7 years 3 months 18 days
Weighted-Average Remaining Contractual Term, Vested and exercisable	6 years
Weighted-Average Remaining Contractual Term, Vested and expected to vest	6 years 10 months 24 days
Aggregate Intrinsic Value \| $	$ 207,619	$ 262,762
Aggregate Intrinsic Value, Vested and exercisable \| $	162,663
Aggregate Intrinsic Value, Vested and expected to vest \| $	$ 209,178

Stock-Based Compensation

6 Months Ended

Dec. 31, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock-Based Compensation

Note 10. Stock-Based Compensation

Stock Awards

The Company has granted time-based and performance-based stock options, time-based restricted stock units (“RSUs”) and performance-based restricted stock units (“PSUs”), collectively referred to as “Stock Awards”. The Company accounts for stock-based compensation using the fair value method which requires the Company to measure stock-based compensation based on the grant-date fair value of the awards and recognize compensation expense over the requisite service or performance period. Awards that contain only service conditions, are generally earned over four years and expensed on a straight-line basis over that term. Compensation expense for awards that contain performance conditions is calculated using the graded vesting method and the portion of expense recognized in any period may fluctuate depending on changing estimates of the achievement of the performance conditions.

Stock option activity under the Company’s equity incentive plans during the six months ended December 31, 2021 was as follows:

	Number of Options			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (in years)		Aggregate Intrinsic Value (in thousands)
Outstanding as of June 30, 2021		14,684,809		$	10.11		7.3	$	262,762
Granted		104,390			32.22
Exercised		(594,570	)		6.53
Forfeited		(232,686	)		13.86
Outstanding as of December 31, 2021		13,961,943		$	10.36		6.9	$	207,619
Vested and exercisable as of December 31, 2021		9,277,359		$	7.63		6.0	$	162,663
Unvested and early exercised as of December 31, 2021		150,000		$	14.77
Vested and expected to vest as of December 31, 2021		14,111,943		$	10.41		6.9	$	209,178

The weighted-average grant date fair value of options granted during the six months ended December 31, 2021 was $12.61. The total intrinsic value of options exercised during the six months ended December 31, 2021 was $14.4 million. The proceeds from option exercises totaled $3.9 million during the six months ended December 31, 2021.

Performance stock unit activity during the six months ended December 31, 2021 was as follows:

	Stock Awards Outstanding			Weighted- Average Grant Date Fair Value
Balance as of June 30, 2021		3,950,000		$	26.00
Granted		163,527			38.18
Vested		—			—
Forfeited		(54,784	)		27.06
Balance as of December 31, 2021		4,058,743		$	26.48

Restricted stock unit activity during the six months ended December 31, 2021 was as follows:

	Stock Awards Outstanding			Weighted- Average Grant Date Fair Value
Balance as of June 30, 2021		46,150		$	26.00
Granted		733,386			34.84
Vested		—			—
Forfeited		(19,838	)		35.56
Balance as of December 31, 2021		759,698		$	34.28

Stock-Based Compensation Expense

The Company recorded stock-based compensation expense in the unaudited condensed consolidated statements of operations as follows (in thousands):

	Three Months Ended December 31,				Six Months Ended December 31,
	2021		2020		2021		2020
Cost of revenues
Cost of SaaS and support	$	355	$	80	$	523	$	122
Cost of professional services		835		237		1,415		441
Research and development		4,285		1,052		8,635		2,078
Sales and marketing		6,888		1,246		13,357		2,831
General and administrative		8,077		1,620		15,538		3,859
Total stock-based compensation	$	20,440	$	4,235	$	39,468	$	9,331

During the six months ended December 31, 2020, the Company also recognized additional stock-based compensation expense of $0.5 million relating to the buy-back of shares of common stock, which represents the excess between the repurchase price and the fair value of common stock at the date of repurchase.

As of December 31, 2021, there was a total of $124.2 million in unrecognized compensation cost related to unvested stock-based awards granted, which is expected to be recognized over the weighted-average period of approximately 2.6 years.

The calculated fair value of stock option grants was estimated using the Black-Scholes option pricing model with the following weighted-average assumptions:

	Six Months Ended December 31,
	2021			2020
Expected dividend yield		0	%		0	%
Risk-free interest rate		1	%		0.3	%
Expected volatility		40	%		38	%
Expected life (in years)		6			6

Employee Stock Purchase Plan

In June 2021, the Board of Directors adopted and shareholders approved the 2021 Employee Stock Purchase Plan ("ESPP"), which became effective as of June 29, 2021. The ESPP initially reserved 1,466,996 shares of the Company’s common stock for future issuance to participating employees. The initial offering period for the ESPP began on December 16, 2021 and will end on November 30, 2023. The first purchase date will be on May 31, 2022, followed by three more purchase dates in six-month intervals thereafter during this initial offering period. Eligible employees may purchase the Company’s common stock at a price equal to 85% of the lower of the fair market value of the Company’s common stock on the offering date or the applicable purchase date. As of December 31, 2021, no shares have been purchased under the ESPP.

The fair value of ESPP shares was estimated using the Black-Scholes option valuation model with the following weighted-average assumptions:

	Six Months Ended
	December 31, 2021
Expected dividend yield		0	%
Risk-free interest rate		0.4	%
Expected volatility		39	%
Expected life (in years)		1.2

As of December 31, 2021, total unrecognized compensation expense related to the ESPP was $2.2 million. That cost is expected to be recognized over the remaining term of the initial offering period of 1.9 years.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Revenues
Total revenues	$ 64,697	$ 49,585	$ 126,887	$ 97,728
Cost of revenues
Total cost of revenues	23,553	17,427	45,929	34,410
Gross profit	41,144	32,158	80,958	63,318
Operating expenses:
Research and development	17,386	12,146	34,356	24,100
Sales and marketing	26,840	15,472	52,485	30,810
General and administrative	21,217	9,437	42,047	17,581
Total operating expenses	65,443	37,055	128,888	72,491
Operating loss	(24,299)	(4,897)	(47,930)	(9,173)
Loss on debt extinguishment	0	0	(2,407)	0
Interest expense	(38)	(6,395)	(197)	(12,674)
Other income (expense), net	(419)	1,107	460	1,375
Net loss before income taxes	(24,756)	(10,185)	(50,074)	(20,472)
Income tax benefit (expense)	531	(145)	719	(265)
Net loss	(24,225)	(10,330)	(49,355)	(20,737)
Less: cumulative dividends allocated to preferred stockholders	0	(3,889)	0	(7,700)
Net loss attributable to common stockholders	$ (24,225)	$ (14,219)	$ (49,355)	$ (28,437)
Net loss per share attributable to common stockholders, basic and diluted	$ (0.40)	$ (0.51)	$ (0.82)	$ (1.05)
Weighted-average shares used to compute net loss per share attributable to common stockholders, basic and diluted	60,889	28,063	60,487	27,024
Recurring Revenue
Revenues
Total revenues	$ 56,293	$ 44,401	$ 110,366	$ 87,502
Cost of revenues
Total cost of revenues	12,175	9,876	23,517	19,155
SaaS and Support
Revenues
Total revenues	46,970	34,651	90,459	67,756
Cost of revenues
Total cost of revenues	12,175	9,876	23,517	19,155
Subscription License
Revenues
Total revenues	9,323	9,750	19,907	19,746
Professional Services
Revenues
Total revenues	8,404	5,184	16,521	10,226
Cost of revenues
Total cost of revenues	$ 11,378	$ 7,551	$ 22,412	$ 15,255