UiPath Inc (PATH)

Ascending Triple Top Breakout on 28 May 2026. GLTA

UiPath Reports First Quarter Fiscal 2027 Financial ResultsMay 28, 2026 4:10 PM
Business Wire Revenue of $418 million increased 17 percent year-over-year ARR of $1.901 billion increased 12 percent year-over-year GAAP operating income of $28 million and non-GAAP operating income of $92 million UiPath, Inc. (NYSE: PATH), a global leader in business orchestration and automaton, today announced financial results for its first quarter fiscal 2027 ended April 30, 2026. "We delivered a strong start to the fiscal year, with ARR growing 12 percent year-over-year to $1.901 billion,” said Daniel Dines, UiPath Founder and Chief Executive Officer. "One year into general availability, our agentic products are moving from pilot to production, with customers standardizing on UiPath as the orchestration and automation execution layer for their enterprise AI transformation. The launch of UiPath for Coding Agents marks the next step in that journey, accelerating time to value, and driving the deeper platform adoption that reinforces our position as the long-term business orchestration and automation platform for enterprise AI.” First Quarter Fiscal 2027 Financial Highlights Revenue of $418 million increased 17 percent year-over-year. ARR of $1.901 billion as of April 30, 2026 increased 12 percent year-over-year. Net new ARR of $49 million. Dollar based net retention rate of 109 percent. GAAP gross margin was 82 percent. Non-GAAP gross margin was 83 percent. GAAP operating income was $28 million. Non-GAAP operating income was $92 million. Net cash flow from operations was $132 million. Non-GAAP adjusted free cash flow was $130 million. Cash, cash equivalents, and marketable securities were $1.42 billion as of April 30, 2026. “I am pleased with our first quarter results, exceeding our guidance across all key financial metrics,” said Ashim Gupta, UiPath Chief Operating Officer and Chief Financial Officer. “We also achieved first quarter GAAP profitability for the first time in company history, demonstrating our continued operational discipline across the business. The momentum we are seeing in our business orchestration and automation platform reinforces our confidence in both our strategy and long-term opportunity.” Financial Outlook For the second quarter fiscal 2027, UiPath expects: Revenue in the range of $395 million to $400 million ARR in the range of $1.929 billion to $1.934 billion as of July 31, 2026 Non-GAAP operating income of approximately $75 million For the full year fiscal 2027, UiPath expects: Revenue in the range of $1.776 billion to $1.781 billion ARR in the range of $2.058 billion to $2.063 billion as of January 31, 2027 Non-GAAP operating income of approximately $430 million.   Reconciliation of non-GAAP operating income guidance to the most directly comparable GAAP measure is not available without unreasonable efforts on a forward-looking basis due to the high variability, complexity, and low visibility with respect to the charges excluded from this non-GAAP measure; in particular, the effects of stock-based compensation expense specific to equity compensation awards that are directly impacted by unpredictable fluctuations in our stock price. We expect the variability of the above charges to have a significant, and potentially unpredictable, impact on our future GAAP financial results. Recent Business Highlights Launched Native Integration for Coding Agents Across UiPath’s Business Orchestration and Automation Platform: UiPath announced UiPath for Coding Agents, a platform-wide integration enabling every coding agent to become enterprise deployable, an industry first. By combining coding agents with the visual orchestration of the UiPath platform, builders of any technical level can create, test, deploy, operate, and govern enterprise automations through a natural language conversation with their coding agent of choice. Launched Purpose-Built Agentic Solutions Across Key Industries: UiPath unveiled a portfolio of new agentic AI solutions designed to automate complex operational workflows across finance, retail, manufacturing, and financial services. New solutions span purchase-to-pay, merchandising, commercial pricing, inventory management, financial crime compliance, and loan origination, embedding AI agents and end-to-end orchestration above existing systems of record to improve operational efficiency, reduce processing costs, and deliver better customer and borrower experiences. Launched New Agentic-Led Software Testing Capability through Deloitte’s ASCEND Delivery Platform: UiPath announced an expanded collaboration with Deloitte to accelerate software development, testing and deployment for global organizations. This joint solution is designed to transform how testing teams operate by automating manual, repetitive tasks such as test design and reducing maintenance with self-healing execution by combining enterprise-ready agentic testing capabilities on Deloitte Ascend™, its engineering and service delivery platform, and UiPath Test Cloud. Announced Partnership with Databricks: UiPath announced that it is a validated technology partner of Databricks, the Data and AI company. This partnership introduces tailored integrations designed to bring intelligence, automation, and AI together to power the next generation of intelligent business operations. The integrations connect the UiPath Platform™ with the Databricks platform, enabling enterprises to move from data insights to automated action within business processes. Announced Availability of AI Document Processing Solution in Google Cloud Marketplace with Gemini-Powered Automation: UiPath announced that UiPath Intelligent Xtraction and Processing (IXP) is now available on Google Cloud Marketplace and that Gemini will become the default third-party model for new IXP projects, enabling customers to process longer, more complex documents with greater speed and accuracy. Unveiled Availability of AI-Powered Orchestration and CX Automation on Salesforce AgentExchange: UiPath launched UiPath CX Companion and UiPath Maestro Connector on AgentExchange, Salesforce’s marketplace for the agentic era that brings together the rich ecosystem of AppExchange, Slack, and Agentforce into one experience. UiPath CX Companion and UiPath Maestro Connector, currently available on AgentExchange, enable enterprises to bring AI-powered automation and orchestration into agent-driven workflows across Salesforce and other enterprise systems – helping to eliminate friction between systems, manual processes, and disconnected data so teams can focus on outcomes instead of time-consuming tasks. Collaborated with Microsoft to Accelerate Security and Confidence for Automated Workflows: UiPath announced a new security automation capability, built in collaboration with Microsoft, to help organizations accelerate security operations when applying automation to business workflows. The solution automates threat detection, enrichment, and response workflows across Microsoft Defender for Cloud, Microsoft Sentinel, and integrated Microsoft threat intelligence. UiPath Named a Leader in The Forrester Wave™: UiPath was named a Leader in The Forrester Wave™: Document Mining and Analytics Platforms, Q2 2026, earning the highest possible marks in criteria including for agentic AI operations and architecture, agentic AI functionality, and agentic AI integration, delivering governed agent execution with user-reviewable plans and OpenTelemetry/OpenTelemetry Protocol (OTEL/OTLP)-compliant tracing and auditability. WorkFusion, a UiPath company, Won the 2026 FinTech Breakthrough Award for AML Solution of the Year: WorkFusion, a UiPath Company and pioneer in AI agents for financial crime compliance, announced that Tara, Transaction Screening Alert AI Agent, was selected as winner of the “AML Solution of the Year” award in the 10th annual FinTech Breakthrough Awards. Sponsored by FinTech Breakthrough, an independent market intelligence organization, the FinTech Breakthrough Awards recognize the top companies, technologies and products in the global FinTech market today. Expanded Strategic Alliance with Deloitte to Launch Agentic ERP: UiPath expanded its alliance with Deloitte through the launch of Deloitte’s Agentic ERP offering. The offering helps organizations modernize and optimize complex ERP environments using agentic automation and end-to-end process orchestration powered by UiPath Maestro™, reducing manual work and accelerating the shift from assisted automation to more autonomous execution at scale. Conference Call and Webcast UiPath will host a webcast today, Thursday, May 28, 2026, at 5:00 p.m. Eastern Time, to discuss the Company's first quarter fiscal 2027 financial results and its guidance for the second quarter and full year fiscal 2027. The live webcast and replay details of the event will be available on the "Investor Relations" page of UiPath's website at https://ir.uipath.com. Forrester Disclaimer: Forrester does not endorse any company, product, brand, or service included in its research publications and does not advise any person to select the products or services of any company or brand based on the ratings included in such publications. Information is based on the best available resources. Opinions reflect judgment at the time and are subject to change. This report is part of a broader collection of Forrester resources, including interactive models, frameworks, tools, data, and access to analyst guidance. For more information, read about Forrester’s objectivity at https://www.forrester.com/about-us/objectivity/. About UiPath UiPath (NYSE: PATH) is a leader in business orchestration and automation, trusted by organizations worldwide to transform enterprise complexity into intelligent, secure operations where AI agents reason, robots act, and people lead. Built for the modern enterprise and the world's most regulated industries, UiPath integrates automation, orchestration, AI, and testing into governed, scalable workflows—unlocking innovation at the speed of business while delivering the controls and compliance enterprise leaders demand. Visit www.uipath.com for more information. Forward-Looking Statements Statements we make in this press release may include statements which are not historical facts and are considered forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, which are usually identified by the use of words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “outlook,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” and variations of such words or similar expressions, including the negatives of these words or similar expressions. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are making this statement for purposes of complying with those safe harbor provisions. These forward-looking statements include, but are not limited to, statements regarding: our financial guidance for the second fiscal quarter 2027 and the full fiscal year 2027; our ability to drive and accelerate future growth and operational efficiency and grow our platform, product offerings, and market opportunity; our business strategy; plans and objectives of management for future operations; the estimated addressable market opportunity for our platform and the growth of the enterprise automation market; the success of our platform and new releases including the incorporation of AI; the success of our collaborations with third parties; our customers’ behaviors and potential automation spend; and details of UiPath’s stock repurchase program. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These risks include, but are not limited to, risks and uncertainties related to: our expectations regarding our revenue, annualized renewal run-rate (ARR), expenses, and other operating results; our ability to effectively manage our growth and sustain profitability; our ability to acquire new customers and successfully retain existing customers; the ability of the UiPath Platform™ to satisfy and adapt to customer demands and our ability to increase its adoption; our ability to grow our platform and release new functionality in a timely manner, including integration of artificial intelligence and machine learning technologies and capabilities; our ability to responsibly develop and use AI technologies in compliance with evolving legal and regulatory requirements; future investments in our business, our anticipated capital expenditures, and our estimates regarding our capital requirements; the costs and success of our marketing efforts and our ability to evolve and enhance our brand; our growth strategies; the estimated addressable market opportunity for our platform and for orchestration and automation in general; our reliance on key personnel and our ability to attract, integrate, and retain highly-qualified personnel and execute management transitions; our ability to obtain, maintain, and enforce our intellectual property rights and any costs associated therewith; the effect of significant events with macroeconomic impacts, including but not limited to military conflicts, changes in international trade policies, and other changes in geopolitical relationships and inflationary cost trends, on our business, industry, and the global economy; our reliance on third-party providers of cloud-based infrastructure and large language models; our ability to compete effectively with existing competitors and new market entrants, including new, potentially disruptive technologies; the size and growth rates of the markets in which we compete; and the price volatility of our Class A common stock. Further information on risks that could cause actual results to differ materially from our guidance and other forward-looking statements can be found in our Annual Report on Form 10-K for the fiscal year ended January 31, 2026, filed with the United States Securities and Exchange Commission (SEC) on March 25, 2026, and other filings and reports that we may file from time to time with the SEC. Any forward-looking statements contained in this press release are based on assumptions that we believe to be reasonable as of this date. Except as required by law, we assume no obligation to update these forward-looking statements. Key Performance Metric Annualized Renewal Run-rate (ARR) is the key performance metric we use in managing our business because it illustrates our ability to acquire new subscription customers and to maintain and expand our relationships with existing subscription customers. We define ARR as annualized invoiced amounts per solution SKU from subscription licenses and maintenance and support obligations assuming no increases or reductions in customers’ subscriptions. ARR does not include the costs we may incur to obtain such subscription licenses or provide such maintenance and support. ARR also does not reflect nonrecurring rebates payable to partners (upon establishing sufficient history of their nonrecurring nature), the impact of nonrecurring incentives (such as one-time discounts provided under sales promotional programs), and any actual or anticipated reductions in invoiced value due to contract non-renewals or service cancellations other than for certain reserves (for example those for credit losses or disputed amounts). ARR does not include invoiced amounts associated with perpetual licenses or professional services. ARR is not a forecast of future revenue, which is impacted by contract start and end dates and duration. ARR should be viewed independently of revenue and deferred revenue as ARR is an operating metric and is not intended to replace these items. Dollar-based net retention rate represents the rate of net expansion of our ARR from existing customers over the preceding 12 months. We calculate dollar-based net retention rate as of a period end by starting with ARR from the cohort of all customers as of 12 months prior to such period end (Prior Period ARR). We then calculate the ARR from these same customers as of the current period end (Current Period ARR). Current Period ARR includes any expansion and is net of any contraction or attrition over the preceding 12 months but does not include ARR from new customers in the current period. We then divide total Current Period ARR by total Prior Period ARR to arrive at dollar-based net retention rate. Dollar-based net retention rate may fluctuate based on the customers that qualify to be included in the cohort used for calculation and may not reflect our actual performance. Investors should not place undue reliance on ARR or dollar-based net retention rate as an indicator of future or expected results. Our presentation of these metrics may differ from similarly titled metrics presented by other companies and therefore comparability may be limited. Non-GAAP Financial Measures Non-GAAP financial measures are financial measures that are derived from the condensed consolidated financial statements, but that are not presented in accordance with generally accepted accounting principles in the United States (GAAP). This earnings press release includes financial measures defined as non-GAAP financial measures by the SEC, including non-GAAP cost of licenses, non-GAAP cost of subscription services, non-GAAP cost of professional services and other, non-GAAP gross profit and margin, non-GAAP sales and marketing expenses, non-GAAP research and development expenses, non-GAAP general and administrative expenses, non-GAAP operating income and margin, and non-GAAP net income and non-GAAP net income per share. These non-GAAP financial measures exclude: stock-based compensation expense; amortization of acquired intangibles; employer payroll tax expense related to employee equity transactions; restructuring costs; charitable donation of Class A common stock; change in fair value of contingent consideration; and in the case of non-GAAP net income, release of valuation allowance on deferred tax assets and estimated tax adjustments associated with the add-back items, as applicable. Additionally, this earnings release presents non-GAAP adjusted free cash flow, which is calculated by adjusting GAAP operating cash flows for the impact of purchases of property and equipment, cash paid for employer payroll taxes related to employee equity transactions, net payments/receipts of employee tax withholdings on stock option exercises, and cash paid for restructuring costs. UiPath uses these non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors by excluding the effects of items that do not reflect the ordinary earnings of our operations, and as a supplement to GAAP measures. UiPath believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing its financial results with other companies in UiPath’s industry, many of which present similar non-GAAP financial measures to investors. Investors should consider these non-GAAP financial measures in addition to, and not as a substitute for, our financial performance measures prepared in accordance with GAAP. Further, our non-GAAP information may be different from the non-GAAP information provided by other companies. The information below provides a reconciliation of non-GAAP financial measures used in this earnings press release to the most directly comparable GAAP financial measures. We encourage investors to consider our GAAP results alongside our supplemental non-GAAP measures, and to review the reconciliation between GAAP results and non-GAAP measures that is included at the end of this earnings press release. This earnings press release and any future releases containing such non-GAAP reconciliations can also be found on the Investor Relations page of UiPath’s website at https://ir.uipath.com.   UiPath, Inc. Condensed Consolidated Statements of Operations in thousands, except per share data (unaudited)               Three Months Ended April 30,       2026     2025   Revenue:         Licenses   $ 149,309   $ 128,286   Subscription services     252,903     217,303   Professional services and other     16,170     11,035   Total revenue     418,382     356,624   Cost of revenue:         Licenses     1,664     1,268   Subscription services     43,988     38,468   Professional services and other     31,276     24,121   Total cost of revenue     76,928     63,857   Gross profit     341,454     292,767   Operating expenses:         Sales and marketing     167,859     159,661   Research and development     92,902     94,839   General and administrative     52,706     54,679   Total operating expenses     313,467     309,179   Operating income (loss)     27,987     (16,412 ) Interest income     10,401     12,648   Other income (expense), net     2,580     (15,964 ) Income (loss) before income taxes     40,968     (19,728 ) Provision for income taxes     18,443     2,827   Net income (loss)   $ 22,525   $ (22,555 ) Net income (loss) per share, basic   $ 0.04   $ (0.04 ) Net income (loss) per share, diluted   $ 0.04   $ (0.04 ) Weighted-average shares used in computing net income (loss) per share, basic     523,584     548,451   Weighted-average shares used in computing net income (loss) per share, diluted     527,818     548,451     UiPath, Inc. Condensed Consolidated Balance Sheets in thousands (unaudited)     As of     April 30,   January 31,       2026       2026   Assets         Current assets         Cash and cash equivalents   $ 632,195     $ 871,157   Restricted cash     1,475       438   Marketable securities     675,049       601,329   Accounts receivable, net of allowance for credit losses of $5,468 and $5,222, respectively     299,999       488,265   Contract assets     110,235       92,440   Deferred contract acquisition costs     86,624       84,739   Prepaid expenses and other current assets     112,785       105,577   Total current assets     1,918,362       2,243,945   Marketable securities, non-current     108,502       216,990   Contract assets, non-current     2,923       1,946   Deferred contract acquisition costs, non-current     155,232       153,708   Property and equipment, net     45,585       46,014   Operating lease right-of-use assets     66,420       64,472   Intangible assets, net     100,120       19,989   Goodwill     185,695       125,310   Deferred tax assets     249,522       233,401   Other assets, non-current     72,339       73,425   Total assets   $ 2,904,700     $ 3,179,200             Liabilities and stockholders' equity         Current liabilities         Accounts payable   $ 19,699     $ 10,161   Accrued expenses and other current liabilities     178,692       170,496   Accrued compensation and employee benefits     61,203       121,029   Deferred revenue     572,072       603,737   Total current liabilities     831,666       905,423   Deferred revenue, non-current     86,173       103,568   Operating lease liabilities, non-current     71,991       70,940   Other liabilities, non-current     11,905       16,682   Total liabilities     1,001,735       1,096,613   Commitments and contingencies         Stockholders' equity         Class A common stock     5       5   Class B common stock     1       1   Treasury stock     (1,069,595 )     (833,905 ) Additional paid-in capital     4,628,200       4,585,430   Accumulated other comprehensive income     27,374       36,601   Accumulated deficit     (1,683,020 )     (1,705,545 ) Total stockholders’ equity     1,902,965       2,082,587   Total liabilities and stockholders’ equity   $ 2,904,700     $ 3,179,200     UiPath, Inc. Condensed Consolidated Statements of Cash Flows in thousands (unaudited)     Three Months Ended April 30,       2026       2025   Cash flows from operating activities         Net income (loss)   $ 22,525     $ (22,555 ) Adjustments to reconcile net income (loss) to net cash provided by operating activities:         Depreciation and amortization     7,509       3,253   Amortization of deferred contract acquisition costs     24,116       21,324   Net accretion on marketable securities     (701 )     (3,630 ) Stock-based compensation expense     53,310       76,361   Charitable donation of Class A common stock     3,015       4,187   Non-cash operating lease expense     4,317       3,377   Provision for deferred income taxes     11,391       640   Change in fair value of contingent consideration     2,446       —   Other non-cash (credits) charges, net     (829 )     12,704   Changes in operating assets and liabilities:         Accounts receivable     194,865       197,443   Contract assets     (13,977 )     (9,460 ) Deferred contract acquisition costs     (26,645 )     (13,954 ) Prepaid expenses and other assets     (12,870 )     (13,074 ) Accounts payable     9,390       (15,025 ) Accrued expenses and other liabilities     (24,991 )     12,352   Accrued compensation and employee benefits     (61,062 )     (72,534 ) Operating lease liabilities, net     (4,458 )     (2,146 ) Deferred revenue     (55,423 )     (60,261 ) Net cash provided by operating activities     131,928       119,002   Cash flows from investing activities         Purchases of marketable securities     (154,971 )     (153,353 ) Maturities of marketable securities     189,592       111,083   Purchases of property and equipment     (2,684 )     (12,832 ) Payments related to business acquisitions, net of cash acquired     (149,403 )     (24,821 ) Other investing, net     4,625       —   Net cash used in investing activities     (112,841 )     (79,923 ) Cash flows from financing activities         Repurchases of Class A common stock     (243,796 )     (227,525 ) Proceeds from exercise of stock options     349       302   Payments of tax withholdings on settlement of equity awards     (12,770 )     (12,195 ) Proceeds from employee stock purchase plan contributions     4,026       4,214   Net cash used in financing activities     (252,191 )     (235,204 ) Effect of exchange rate changes     (4,821 )     17,570   Net decrease in cash, cash equivalents, and restricted cash     (237,925 )     (178,555 ) Cash, cash equivalents, and restricted cash - beginning of period     871,595       879,634   Cash, cash equivalents, and restricted cash - end of period   $ 633,670     $ 701,079     UiPath, Inc. Reconciliation of GAAP Cost of Revenue, Gross Profit and Margin to Non-GAAP Cost of Revenue, Gross Profit and Margin in thousands, except percentages (unaudited)               Three Months Ended April 30,       2026       2025   GAAP cost of licenses   $ 1,664     $ 1,268   Less: Amortization of acquired intangible assets     251       240   Non-GAAP cost of licenses   $ 1,413     $ 1,028             GAAP cost of subscription services   $ 43,988     $ 38,468   Less: Stock-based compensation expense     2,268       3,874   Less: Amortization of acquired intangible assets     2,314       681   Less: Employer payroll tax expense related to employee equity transactions     52       70   Less: Restructuring costs     —       458   Non-GAAP cost of subscription services   $ 39,354     $ 33,385             GAAP cost of professional services and other   $ 31,276     $ 24,121   Less: Stock-based compensation expense     1,783       2,728   Less: Employer payroll tax expense related to employee equity transactions     19       27   Less: Restructuring costs     —       —   Non-GAAP cost of professional services and other   $ 29,474     $ 21,366             GAAP gross profit   $ 341,454     $ 292,767   GAAP gross margin     82 %     82 % Plus: Stock-based compensation expense     4,051       6,602   Plus: Amortization of acquired intangible assets     2,565       921   Plus: Employer payroll tax expense related to employee equity transactions     71       97   Plus: Restructuring costs     —       458   Non-GAAP gross profit   $ 348,141     $ 300,845   Non-GAAP gross margin     83 %     84 %   UiPath, Inc. Reconciliation of GAAP Operating Expenses, Income (Loss) and Margin to Non-GAAP Operating Expenses, Income and Margin in thousands, except percentages (unaudited)               Three Months Ended April 30,       2026       2025   GAAP sales and marketing   $ 167,859     $ 159,661   Less: Stock-based compensation expense     16,782       23,586   Less: Amortization of acquired intangible assets     2,011       456   Less: Employer payroll tax expense related to employee equity transactions     468       447   Less: Restructuring costs     —       1,981   Non-GAAP sales and marketing   $ 148,598     $ 133,191             GAAP research and development   $ 92,902     $ 94,839   Less: Stock-based compensation expense     24,741       34,595   Less: Employer payroll tax expense related to employee equity transactions     446       390   Less: Restructuring costs     —       (331 ) Non-GAAP research and development   $ 67,715     $ 60,185             GAAP general and administrative   $ 52,706     $ 54,679   Less: Stock-based compensation expense     7,736       11,578   Less: Amortization of acquired intangible assets     30       31   Less: Employer payroll tax expense related to employee equity transactions     142       127   Less: Restructuring costs     —       903   Less: Charitable donation of Class A common stock     3,015       4,187   Less: Change in fair value of contingent consideration     2,446       —   Non-GAAP general and administrative   $ 39,337     $ 37,853             GAAP operating income (loss)   $ 27,987     $ (16,412 ) GAAP operating margin     7 %     (5 )% Plus: Stock-based compensation expense     53,310       76,361   Plus: Amortization of acquired intangible assets     4,606       1,408   Plus: Employer payroll tax expense related to employee equity transactions     1,127       1,061   Plus: Restructuring costs     —       3,011   Plus: Charitable donation of Class A common stock     3,015       4,187   Plus: Change in fair value of contingent consideration     2,446       —   Non-GAAP operating income   $ 92,491     $ 69,616   Non-GAAP operating margin     22 %     20 %   UiPath, Inc. Reconciliation of GAAP Net Income (Loss) and GAAP Net Income (Loss) Per Share to Non-GAAP Net Income and Non-GAAP Net Income Per Share in thousands, except per share data (unaudited)               Three Months Ended April 30,       2026       2025   GAAP net income (loss)   $ 22,525     $ (22,555 ) Plus: Stock-based compensation expense     53,310       76,361   Plus: Amortization of acquired intangible assets     4,606       1,408   Plus: Employer payroll tax expense related to employee equity transactions     1,127       1,061   Plus: Restructuring costs     —       3,011   Plus: Charitable donation of Class A common stock     3,015       4,187   Plus: Change in fair value of contingent consideration     2,446       —   Tax adjustments to add-backs     (10,260 )     (3,299 ) Non-GAAP net income   $ 76,769     $ 60,174             GAAP net income (loss) per share, basic   $ 0.04     $ (0.04 ) GAAP net income (loss) per share, diluted   $ 0.04     $ (0.04 ) GAAP weighted average common shares outstanding, basic     523,584       548,451   Plus: Dilutive potential common shares from outstanding equity awards     4,234       —   GAAP weighted average common shares outstanding, diluted     527,818       548,451             Non-GAAP weighted average common shares outstanding, basic     523,584       548,451   Plus: Dilutive potential common shares from outstanding equity awards     4,234       4,074   Non-GAAP weighted average common shares outstanding, diluted     527,818       552,525   Non-GAAP net income per share, basic   $ 0.15     $ 0.11   Non-GAAP net income per share, diluted   $ 0.15     $ 0.11     UiPath, Inc. Reconciliation of GAAP Operating Cash Flow to Non-GAAP Adjusted Free Cash Flow in thousands (unaudited)               Three Months Ended April 30,       2026       2025   GAAP net cash provided by operating activities   $ 131,928     $ 119,002   Purchases of property and equipment     (2,684 )     (12,832 ) Cash paid for employer payroll taxes related to employee equity transactions     1,045       1,113   Net (receipts) payments of employee tax withholdings on stock option exercises     (21 )     2   Cash paid for restructuring costs     —       9,782   Non-GAAP adjusted free cash flow   $ 130,268     $ 117,067     View source version on businesswire.com: https://www.businesswire.com/news/home/20260528430194/en/ Investor Relations Contact
Allise Furlani
Investor.relations@uipath.com
UiPath Media Contact
PR@uipath.com
UiPath Original: UiPath Reports First Quarter Fiscal 2027 Financial Results

~bought some 6/5 $18 calls @.10c

UiPath to Participate in the William Blair 46th Annual Growth Stock ConferenceMay 26, 2026 4:10 PM
Business Wire UiPath (NYSE: PATH), a global leader in business orchestration and automation, today announced that Ashim Gupta, Chief Operating Officer and Chief Financial Officer, will participate in a fireside chat at the William Blair 46th Annual Growth Stock Conference, to be held at the Loews Hotel in Chicago, IL on Tuesday, June 2nd at 11:20 am CT (12:20 pm ET). The presentation will be available via live audio webcast and archived replay on the Investor Relations section of the Company's website (https://ir.uipath.com). About UiPath
UiPath (NYSE: PATH) is a leader in business orchestration and automation, trusted by organizations worldwide to transform enterprise complexity into intelligent, secure operations where AI agents reason, robots act, and people lead. Built for the modern enterprise and the world's most regulated industries, UiPath integrates automation, orchestration, AI, and testing into governed, scalable workflows—unlocking innovation at the speed of business while delivering the controls and compliance enterprise leaders demand. Visit www.uipath.com for more information. View source version on businesswire.com: https://www.businesswire.com/news/home/20260526545440/en/ Investor Relations Contact
Allise Furlani
investor.relations@uipath.com
UiPath Media Contact
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UiPath Original: UiPath to Participate in the William Blair 46th Annual Growth Stock Conference

UiPath Named a Leader in Document Mining and Analytics Platforms by Independent Research FirmMay 21, 2026 4:30 PM
Business Wire UiPath (NYSE: PATH), a global leader in business orchestration and automation, today announced it has been named a Leader in The Forrester Wave™: Document Mining and Analytics Platforms, Q2 2026, reinforcing the company’s position among top vendors in document mining and analytics. With its UiPath IXP (Intelligent Xtraction and Processing) solution, part of the UiPath Platform, UiPath is helping to define the category and empower enterprises to use business orchestration and agents to extract, interpret, and process information from a wide range of document types, enabling reliable automation of document-intensive workflows at enterprise scale. UiPath IXP combines intelligent document processing, agentic AI, orchestration, and governance capabilities to help enterprises automate complex document-centric workflows at scale. UiPath IXP automates the manual burden of extraction and interpretation of complex information leading to improved productivity and enabling teams to focus on higher-value work. Tasks that took hours can now be completed in minutes. The report states, “UiPath earns high marks for agentic AI operations and architecture, agentic AI functionality, and agentic AI integration, delivering governed agent execution with user-reviewable plans and OpenTelemetry/OpenTelemetry Protocol (OTEL/OTLP)-compliant tracing and auditability. The vendor also scores above par for AI model orchestration, supported by hybrid pipelines that route work based on confidence/thresholds with human-in-the-loop, and robust composite-document splitting and validation feedback loops.” According to the report, “UiPath customers point to strong business value and a reliable, scalable platform. They also highlight document privacy/sovereignty and the quality of customer service as strengths for this vendor… UiPath is a good fit for organizations that want to standardize on a single agentic automation platform that combines intelligent document processing (IDP) with workflow orchestration, governance, and broad enterprise integrations.” "Documents are the connective tissue of every enterprise process, but reach their greatest value when accompanied by context, governance, and orchestration at scale," said Badri Narayanan, Senior Vice President, Software Engineering at UiPath. "To us, this recognition reflects not only the strength of our IXP, but our overall approach to pairing intelligent document processing and business orchestration. It's a true unlock for end-to-end enterprise transformation, combining AI agents, orchestration, human-in-the-loop validation, and enterprise-grade governance. The document, regardless of format or source, is no longer a bottleneck — it's the catalyst for orchestrated business transformation." The report also mentions the UiPath acquisition of WorkFusion (which was in February 2026), noting that the acquisition “extends UiPath’s strategy with specialized AI agents for anti-money laundering (AML), know your customer (KYC), and fraud investigation, which enable more vertical solutions in banking and financial services.” To access a complimentary version of The Forrester Wave™: Document Mining and Analytics Platforms, Q2 2026 report, please visit here. *The Forrester Wave™: Document Mining and Analytics Platforms, Q2 2026, Boris Evelson, May 2026. Forrester does not endorse any company, product, brand, or service included in its research publications and does not advise any person to select the products or services of any company or brand based on the ratings included in such publications. Information is based on the best available resources. Opinions reflect judgment at the time and are subject to change. This report is part of a broader collection of Forrester resources, including interactive models, frameworks, tools, data, and access to analyst guidance. For more information, read about Forrester’s objectivity here. About UiPath UiPath (NYSE: PATH) is a leader in agentic business orchestration and automation, trusted by organizations worldwide to transform enterprise complexity into intelligent, secure operations where AI agents reason, robots act, and people lead. Built for the modern enterprise and the world's most regulated industries, UiPath integrates automation, orchestration, AI, and testing into governed, scalable workflows—unlocking innovation at the speed of business while delivering the controls and compliance enterprise leaders demand. Visit www.uipath.com for more information. View source version on businesswire.com: https://www.businesswire.com/news/home/20260521373656/en/ UiPath Media
Christian Potts
pr@uipath.com Original: UiPath Named a Leader in Document Mining and Analytics Platforms by Independent Research Firm

Statement from UiPath on the passing of Board Member S. "Soma" SomasegarMay 20, 2026 11:38 AM
Business Wire UiPath (NYSE: PATH), a leader in business orchestration and automation, issued the following statement on the untimely passing of Board Member S. “Soma” Somasegar on May 19, 2026. “We are saddened to hear of the untimely passing of S. ‘Soma’ Somasegar, a member of our Board of Directors and a longtime friend and ally to the UiPath leadership team. Soma joined the UiPath Board of Directors in September of 2024 and quickly became a trusted advisor and leader, providing advice and guidance throughout his tenure as both a member of our Nominating and Corporate Governance Committee and as a veteran technology executive. Our hearts go out to Soma’s wife, Akila, his daughters, and to his colleagues at Madrona.” About UiPath
UiPath (NYSE: PATH) is a leader in agentic business orchestration and automation, trusted by organizations worldwide to transform enterprise complexity into intelligent, secure operations where AI agents reason, robots act, and people lead. Built for the modern enterprise and the world's most regulated industries, UiPath integrates automation, orchestration, AI, and testing into governed, scalable workflows—unlocking innovation at the speed of business while delivering the controls and compliance enterprise leaders demand. Visit www.uipath.com for more information. View source version on businesswire.com: https://www.businesswire.com/news/home/20260520305954/en/ UiPath Media
Christian Potts
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Allise Furlani
investor.relations@uipath.com Original: Statement from UiPath on the passing of Board Member S. "Soma" Somasegar

Double Top Breakout on 4 May 2026. GLTA

UiPath Announces First Quarter Fiscal 2027 Financial Results Conference CallApril 30, 2026 4:10 PM
Business Wire
UiPath (NYSE: PATH), a leader in agentic business orchestration, today announced it will report financial results for its first quarter fiscal 2027 ended April 30, 2026 after the market closes on Thursday, May 28, 2026. Management will host a conference call and webcast to discuss the Company's financial results at 5:00 pm ET.


UiPath First Quarter Fiscal 2027 Financial Results Conference Call

When: Thursday, May 28, 2026

Time: 5:00 pm ET

Live Webcast: Register here

Replay: A webcast replay of the conference call will be available on the investor relations website for one year.


About UiPath

UiPath (NYSE: PATH) is a leader in agentic business orchestration and automation, trusted by organizations worldwide to transform enterprise complexity into intelligent, secure operations where AI agents reason, robots act, and people lead. Built for the modern enterprise and the world's most regulated industries, UiPath integrates automation, orchestration, AI, and testing into governed, scalable workflows—unlocking innovation at the speed of business while delivering the controls and compliance enterprise leaders demand. Visit www.uipath.com for more information.

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Original: UiPath Announces First Quarter Fiscal 2027 Financial Results Conference Call

Double Top Breakout on 21 Apr 2026. GLTA

NYSE Content Update: UiPath Celebrates Five-Year Listing Anniversary at NYSEApril 21, 2026 8:55 AM
PR Newswire (Canada)

NYSE issues a pre-market daily advisory direct from the trading floor.NEW YORK, April 21, 2026 /CNW/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. 



Ashley Mastronardi delivers the pre-market update on April 21stThe major averages are climbing Tuesday morning as investors react to the latest developments in Iran and fresh earnings.UiPath (NYSE: PATH) CMO Michael Atalla will join NYSE Live to discuss his company's five-year anniversary as a listed company.HSBC (NYSE: HSBC) Innovation Banking Managing Director Jonathan Norris will join NYSE Live to discuss the state of VC healthcare,Suburban Propane Partners (NYSE: SPH) CEO Michael Stivala will join Taking Stock after market close as his company celebrates its 30th listing anniversary.Opening Bell
UiPath (NYSE: PATH) celebrates the 5th anniversary of its IPOClosing Bell
Suburban Propane (NYSE: SPH) celebrates the 30th anniversary of listingFor market insights, IPO activity, and today's opening bell, download the NYSE TV App: TV.NYSE.com














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Original: NYSE Content Update: UiPath Celebrates Five-Year Listing Anniversary at NYSE

UiPath Leadership to Ring Opening Bell at New York Stock Exchange to Mark Five-Year IPO AnniversaryApril 20, 2026 4:30 PM
Business Wire
Milestone celebrates the company’s evolution into a leader in agentic business orchestration


UiPath (NYSE: PATH), a leader in agentic business orchestration, today announced that its leadership team will ring the Opening Bell® at the New York Stock Exchange (NYSE) in celebration of the company’s five-year anniversary as a publicly traded company. The NYSE bell-ringing ceremony symbolizes a key milestone in UiPath’s evolution as a leader in agentic business orchestration, helping enterprises move beyond mere experimentation to enterprise-wide AI deployment.


“Five years ago, we went public with a clear conviction that work—and the way it gets done—was ready for transformation,” said Daniel Dines, Founder and Chief Executive Officer of UiPath. “This milestone is an opportunity to not only reflect on how far we’ve come, but also to envision what comes next. Working alongside our customers, we’ve helped reshape enterprise operations through agentic AI, automation, and business orchestration, unlocking new ways of working. We are now positioned at the center of the agentic enterprise, combining intelligent systems with the scale, governance, and deterministic execution required to deliver meaningful outcomes.”


Event Details:



What: UiPath Opening Bell® Ceremony at the New York Stock Exchange



When: Tuesday, April 21, 2026 at 9:30 a.m. ET



Where: New York Stock Exchange, 18 Broad Street, New York, NY



A live stream of the Opening Bell ceremony will be available on the NYSE website.


About UiPath

UiPath (NYSE: PATH) is a leader in agentic business orchestration and automation, trusted by more than 10,700 organizations worldwide to transform enterprise complexity into intelligent, secure operations where AI agents reason, robots act, and people lead. Built for the modern enterprise and the world's most regulated industries, UiPath integrates automation, orchestration, AI, and testing into governed, scalable workflows—unlocking innovation at the speed of business while delivering the controls and compliance enterprise leaders demand. Visit www.uipath.com for more information.

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UiPath

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Original: UiPath Leadership to Ring Opening Bell at New York Stock Exchange to Mark Five-Year IPO Anniversary

UiPath to Showcase Latest Agentic Business Orchestration Capabilities and Product Strategy in Upcoming WebinarMarch 31, 2026 4:10 PM
Business Wire
UiPath, Inc. (NYSE: PATH), a global leader in agentic automation, today announced that it will host a live product webinar highlighting its latest agentic business orchestration capabilities, product strategy, and real-world customer outcomes. The webinar will be hosted live on April 6, 2026, from 11:30 am to 12:30 pm ET.


UiPath: Product Strategy, Customer Impact, and Fireside Chat Webinar

Speakers: Daniel Dines, Founder and Chief Executive Officer, and Raghu Malpani, Chief Product and Technology Officer

When: Monday, April 6, 2026

Time: 11:30 am ET

Location: Virtual (Register Here)


The presentation will be available via live webcast and archived replay on the Investor Relations section of the Company's website (https://ir.uipath.com).


About UiPath

UiPath (NYSE: PATH) is a global leader in agentic automation, empowering enterprises to harness the full potential of AI agents to autonomously execute and optimize complex business processes. The UiPath Platform™ uniquely combines controlled agency, developer flexibility, and seamless integration to help organizations scale agentic automation safely and confidently. Committed to security, governance, and interoperability, UiPath supports enterprises as they transition into a future where automation delivers on the full potential of AI to transform industries. For more information, visit www.uipath.com.

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Original: UiPath to Showcase Latest Agentic Business Orchestration Capabilities and Product Strategy in Upcoming Webinar

UiPath Optimizes Retail and Manufacturing Operations with New Agentic SolutionsMarch 25, 2026 8:48 AM
Business Wire
New UiPath Solutions help retailers and manufacturers compile data across fragmented systems to automate merchandising, pricing, and inventory workflows, improving operational performance and delivering better customer experiences


UiPath (NYSE: PATH), a global leader in agentic automation, today announced new purpose-built agentic AI solutions designed to help organizations across retail and manufacturing industries optimize and automate complex workflows spanning merchandising, commercial pricing, and inventory management.


Retailers and manufacturers face growing pressure to respond quickly to shifting consumer demand, manage complex global supply chains, and optimize pricing and inventory across expanding omnichannel environments. Fragmented data across merchandising systems, enterprise resource planning (ERP) platforms, and supply chain tools, combined with manual analysis and decision making, often slows response times and limits visibility into inventory, pricing, and product performance.


Retail Solution


UiPath Solution for merchandising


Through the UiPath Solution for merchandising, AI agents optimize product assortments by analyzing historical and real-time sales data, performance trends, demand signals, and inventory availability. The result is actionable insights that help merchandising teams maximize margins and improve inventory efficiency.


The solution also helps retailers align pricing and markdown strategies with demand signals and competitive conditions. Built-in capabilities include price elasticity analysis to measure the impact of price changes on demand, as well as a promotion and markdown planner that uses forecasting to optimize campaign timing and pricing adjustments. A campaign agent further automates the launch and management of promotions across both digital and physical channels.


“AI adoption is accelerating across the industry, yet many organizations struggle to move from experimentation into full production that delivers measurable business outcomes,” said Catherine Frame, Director of Retail Solutions at UiPath. “Our UiPath Solutions are purpose-built for the most common use cases for retailers, taking advantage of the combination of agents and agentic business orchestration to unlock AI-driven decision making that gets them ahead of inventory, pricing, and supply chain challenges. Retailers can rapidly deploy automation across their most important operational processes—from merchandising and pricing to supply chain operations—while maintaining the governance and trust required to scale AI responsibly.”


“As a digital-first retailer, we’re embracing AI to make smarter, faster decisions that simplify our operations and enhance the customer experience,” said Dan Finley, CEO of Debenhams Group. “This technology will transform how we manage stock and pricing – especially during the busy festive season – and help us continue to deliver great value and service across all our brands.”


Manufacturing Solutions


UiPath Solution for commercial pricing


The UiPath Solution for commercial pricing brings agentic AI to the heart of the quote-to-order process, enabling organizations to predict market shifts, decide optimal pricing strategies, and execute them autonomously. By combining advanced AI models with enterprise automation, it helps teams move faster, improve win rates, and protect margins—turning pricing from a manual bottleneck into a real-time competitive advantage.


UiPath Solution for inventory management


The UiPath Solution for inventory management provides end-to-end visibility into inventory levels across warehouses, distribution centers, raw materials, and retail locations. It uses AI agents, machine learning, and optimization models to analyze demand patterns and operational signals to predict potential stockouts, automate replenishment workflows, and recommend inventory levels. This allows for rebalancing across locations to improve inventory turnover and minimize excess inventory and increase service levels.


To learn more about UiPath Solutions for retail and manufacturing, please visit here and register for the UiPath Agentic AI Summit here. The event will be broadcast on March 25 in three time zones: 10:00 am GMT, 11:00 am EDT, and 3:00 pm AEDT.


About UiPath


UiPath (NYSE: PATH) is a global leader in agentic automation, empowering enterprises to harness the full potential of AI agents to autonomously execute and optimize complex business processes. The UiPath Platform™ uniquely combines controlled agency, developer flexibility, and seamless integration to help organizations scale agentic automation safely and confidently. Committed to security, governance, and interoperability, UiPath supports enterprises as they transition into a future where automation delivers on the full potential of AI to transform industries. For more information, visit www.uipath.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260325289561/en/
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UiPath

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Original: UiPath Optimizes Retail and Manufacturing Operations with New Agentic Solutions

UiPath Announces New Agentic Solution to Accelerate Procurement CyclesMarch 25, 2026 8:51 AM
Business Wire
New UiPath Solution for Purchase-to-Pay reduces operational costs, automates exception handling, improves efficiency and supplier relationships across procurement and accounts payable workflows


UiPath (NYSE: PATH), a global leader in agentic automation, today announced the UiPath Solution for Purchase-to-Pay (P2P), a purpose-built agentic AI solution designed to help finance teams embed agents in their processes, reducing processing costs and improving efficiency across procurement and accounts payable operations. The solution will be in controlled general availability in the coming months.


Purchase-to-pay is still largely a process of handoffs between multiple systems of record (ERP, CRM, etc.) lacking clean integration, incomplete data, and approval of workflows that slow down even routine purchases. The cost of this disjointed workflow shows up in discount capture leakage, supplier friction, compliance gaps, and finance teams spending more time chasing exceptions than driving strategy.


The UiPath Solution for Purchase-to-Pay introduces an agentic execution layer above existing systems of record. It combines AI agents, automation workflows, and end-to-end orchestration to reduce manual effort and processing costs. This results in shortened invoice cycle times, improved visibility across procurement and accounts payable operations, and accelerated invoice and payment processing.


Utilizing UiPath Intelligent Xtraction and Processing (IXP) and governed exception handling, the solution automates complex steps across the P2P lifecycle. On the buying side, AI agents route approvals to the appropriate stakeholders and proactively reach out—via Teams or Slack—without leaving their workflow. On the invoice side, agents ingest invoices from email, PDF, portals, and EDI, match them to POs, classify mismatches, and guide exception resolution, so only the items that truly need a human decision get escalated. Orchestrated workflows, through UiPath Maestro, coordinate tasks across procurement, finance, and ERP systems, ensuring information flows seamlessly between teams and applications. By automating both guided buying upstream and invoice processing downstream, organizations can reduce cost and time to process invoices, raise touchless rates, and speed exception resolution—all while keeping the ERP authoritative and controls intact.


“Finance leaders are under constant pressure to improve efficiency while maintaining strong financial controls,” said Hitesh Ramani, Chief Accounting Officer and Deputy CFO at UiPath. “Our UiPath Solution for Purchase-to-pay will help organizations close gaps in procurement and accounts payable workflows. By reducing manual effort and intelligently managing exceptions, finance teams will be able to process transactions faster and focus more of their time on strategic, value-driven work.”


To learn more about the UiPath Solution for Purchase-to-Pay, register for the UiPath Agentic AI Summit here. The event will be broadcast on March 25 in three time zones: 10:00 am GMT, 11:00 am EDT, and 3:00 pm AEDT.


About UiPath


UiPath (NYSE: PATH) is a global leader in agentic automation, empowering enterprises to harness the full potential of AI agents to autonomously execute and optimize complex business processes. The UiPath Platform™ uniquely combines controlled agency, developer flexibility, and seamless integration to help organizations scale agentic automation safely and confidently. Committed to security, governance, and interoperability, UiPath supports enterprises as they transition into a future where automation delivers on the full potential of AI to transform industries. For more information, visit www.uipath.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260325027200/en/
Media Contact

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UiPath

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Original: UiPath Announces New Agentic Solution to Accelerate Procurement Cycles

UiPath Expands Strategic Alliance with Deloitte to Launch Agentic ERPMarch 12, 2026 4:30 PM
Business Wire
New Agentic ERP offering embeds AI-enabled orchestration to drive autonomous enterprise operations


UiPath (NYSE: PATH), a global leader in agentic automation, today announced it is expanding its alliance with Deloitte through the launch of Deloitte’s Agentic ERP offering. The offering helps organizations modernize and optimize complex ERP environments using agentic automation and end-to-end process orchestration powered by UiPath Maestro™, reducing manual work and accelerating the shift from assisted automation to more autonomous execution at scale.


Enterprise platforms may be digital, but the work around them often isn’t. In many enterprises, ERP sits at the center of a patchwork of spreadsheets, email chains, portals, and point solutions — forcing users to manually switch between multiple systems in pursuit of data reconciliation, evidence collection, and exception management. The result is slower cycle times, inconsistent experiences, higher run costs, more rework, and added control strain that shows up in audits and decision making.


Deloitte’s Agentic ERP, powered by UiPath Agent Builder and UiPath Maestro™, moves organizations from task automation to end-to-end process orchestration across workflows like Record to Report, Source to Pay, Lead to Cash, and Data/Master Data. It coordinates AI agents, robots, enterprise systems, and people to keep work moving and route exceptions to humans with the right context and oversight.


The value is measurable: higher productivity, lower run costs, and faster operations backed by a traceable value model that ties process improvements to bottom-line results.


UiPath is embedded into Deloitte’s AI-native, plug-and-play Agentic ERP North Star architecture, built alongside packaged ERP programs to unlock AI at scale. It is model agnostic (“bring your own LLM”), while standardizing orchestration, security, and policy enforcement across the enterprise. The UiPath AI Trust Layer provides governance and controls by design, ensuring autonomy scales responsibly.


Agentic ERP helps transform the workforce. Agents and robots handle high-volume execution and follow-through alongside users, while humans stay in control of exceptions, approvals, and decisions — with a persona-led experience that brings the right work, context, and next-best actions into the tools users already use.


“Together with Deloitte, we’re helping enterprises take an AI-first approach to ERP modernization. By combining autonomous AI agents with RPA, organizations can move from assisted automation to intelligent workflow orchestration – unlocking efficiency and strategic capacity,” said Hitesh Ramani, Chief Accounting Officer and Deputy CFO of UiPath. “We’re also providing a scalable blueprint to expand agentic automation across the enterprise, transforming how business users engage with ERP through seamless collaboration between automation, AI agents and human intelligence.”


“The promise of ERP modernization isn’t new - but the ability to orchestrate it is,” said Jerry Hoberman, SAP Offering Leader, Deloitte. “With Agentic ERP, powered by UiPath, clients get a practical path to create tangible value by scale AI safely: model-agnostic intelligence, effective end-to-end orchestration and governance by design that turns AI from pilots into performance.”


In addition to the Agentic ERP offering, the alliance includes UiPath’s support of a Deloitte SAP AI & Innovation Center in EMEA — an accelerator focused on integrating AI and emerging technologies into SAP environments to support responsible, compliant, and high-impact adoption.


For more information about how Deloitte and UiPath collaborate to deliver end-to-end intelligent solutions, visit here. To learn more about how UiPath transformed its own ERP system, visit here.


About UiPath

UiPath (NYSE: PATH) a global leader in agentic automation and orchestration, empowering enterprises to harness the full potential of AI agents to autonomously execute and optimize complex business processes. The UiPath Platform™ uniquely combines controlled agency, developer flexibility, and seamless integration to help organizations scale agentic automation safely and confidently. Committed to security, governance, and interoperability, UiPath supports enterprises as they transition into a future where automation delivers on the full potential of AI to transform industries. For more information, visit http://www.uipath.com.


As used in this document, “Deloitte” means Deloitte Consulting LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of our legal structure. Certain services may not be available to attest clients under the rules and regulations of public accounting.

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Original: UiPath Expands Strategic Alliance with Deloitte to Launch Agentic ERP

UiPath Announces Rescheduled Fourth Quarter and Year-end Earnings Conference Call Q&A SessionMarch 11, 2026 6:19 PM
Business Wire
UiPath (NYSE: PATH), a leader in agentic automation, announced today the Company has rescheduled its fourth quarter and year-end earnings Q&A session to March 11, 2026 at 6:45 p.m. ET due to technical difficulties with its conference call hosting service.


A copy of the UiPath prepared remarks and earnings presentation is available on the UiPath investor relations website.


To access the Q&A, dial 1-201-689-8057 (domestic) or 1-877-407-8309 (international). The passcode is 13758276.


About UiPath


UiPath (NYSE: PATH) is a global leader in agentic automation, empowering enterprises to harness the full potential of AI agents to autonomously execute and optimize complex business processes. The UiPath Platform™ uniquely combines controlled agency, developer flexibility, and seamless integration to help organizations scale agentic automation safely and confidently. Committed to security, governance, and interoperability, UiPath supports enterprises as they transition into a future where automation delivers on the full potential of AI to transform industries. For more information, visit www.uipath.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260311440103/en/
Investor Relations

Allise Furlani

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UiPath


Media

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UiPath


Original: UiPath Announces Rescheduled Fourth Quarter and Year-end Earnings Conference Call Q&A Session

UiPath Reports Fourth Quarter and Full Year Fiscal 2026 Financial ResultsMarch 11, 2026 4:10 PM
Business Wire
Revenue of $481 million increased 14 percent year-over-year


ARR of $1.853 billion increased 11 percent year-over-year


GAAP operating income of $80 million and non-GAAP operating income of $150 million


Announces new $500 million stock repurchase authorization following the completion of its $1 billion stock repurchase program


UiPath, Inc. (NYSE: PATH), a global leader in agentic automation, today announced financial results for its fourth quarter and full year fiscal 2026 ended January 31, 2026.


“We delivered a strong quarter and closed out a year of disciplined execution, with ARR growing 11 percent year-over-year to $1.853 billion,” said Daniel Dines, UiPath Founder and Chief Executive Officer. “As enterprise AI adoption moves from experimentation to scaled deployment, customers increasingly need a platform that can execute complex processes with reliability, governance, and scale. By bringing deterministic automation, agentic AI, and enterprise-grade orchestration together on a single platform, UiPath provides the execution layer enterprises trust to run mission-critical processes in the agentic era.”


Fourth Quarter Fiscal 2026 Financial Highlights



Revenue of $481 million increased 14 percent year-over-year.



ARR of $1.853 billion as of January 31, 2026 increased 11 percent year-over-year.



Net new ARR of $70 million.



Dollar based net retention rate of 107 percent.



GAAP gross margin was 85 percent.



Non-GAAP gross margin was 86 percent.



GAAP operating income was $80 million.



Non-GAAP operating income was $150 million.



Net cash flow from operations was $182 million.



Non-GAAP adjusted free cash flow was $182 million.



Cash, cash equivalents, and marketable securities were $1.69 billion as of January 31, 2026.



Full Year Fiscal 2026 Financial Highlights



Revenue of $1.611 billion increased 13 percent year-over-year.



Net new ARR of $186 million.



GAAP gross margin was 83 percent.



Non-GAAP gross margin was 85 percent.



GAAP operating income was $57 million.



Non-GAAP operating income was $370 million.



Net cash flow from operations was $371 million.



Non-GAAP adjusted free cash flow was $372 million.



“I am pleased with our fourth quarter results and the operational progress we achieved throughout the year, including reaching full-year GAAP profitability for the first time in company history,” said Ashim Gupta, UiPath Chief Operating Officer and Chief Financial Officer. “The operating discipline we built throughout the year is translating into more consistent execution and expanding operating leverage. As we enter fiscal 2027, we remain focused on expanding adoption across our platform and driving continued operating discipline as we scale the business.”


Stock Repurchase Program


UiPath, Inc. today announced that it has completed its previously authorized stock repurchase program and that its Board of Directors has approved a new stock repurchase program authorizing the Company to repurchase up to $500 million of its Class A common stock in a manner deemed in the best interest of the Company and its stockholders, taking into account the economic cost and prevailing market conditions, including the relative trading prices and volumes of the Class A shares. The repurchases are expected to be executed from time to time, subject to general business and market conditions and other investment opportunities, through open market purchases or privately negotiated transactions, including through Rule 10b5-1 trading plans and under Rule 10b-18 of the Securities Exchange Act of 1934, as amended.


Financial Outlook


For the first quarter fiscal 2027, UiPath expects:



Revenue in the range of $395 million to $400 million



ARR in the range of $1.894 billion to $1.899 billion as of April 30, 2026



Non-GAAP operating income of approximately $80 million



For the full year fiscal 2027, UiPath expects:



Revenue in the range of $1.754 billion to $1.759 billion



ARR in the range of $2.051 billion to $2.056 billion as of January 31, 2027



Non-GAAP operating income of approximately $415 million.



Reconciliation of non-GAAP operating income guidance to the most directly comparable GAAP measure is not available without unreasonable efforts on a forward-looking basis due to the high variability, complexity, and low visibility with respect to the charges excluded from this non-GAAP measure; in particular, the effects of stock-based compensation expense specific to equity compensation awards that are directly impacted by unpredictable fluctuations in our stock price. We expect the variability of the above charges to have a significant, and potentially unpredictable, impact on our future GAAP financial results.


Recent Business Highlights



Launches New Agentic AI Solutions for the Healthcare Industry: UiPath announced new agentic AI solutions for the healthcare industry for providers and payers. The offerings for medical records summarization, claim denial prevention and resolution, and prior authorization leverage agentic automation, business orchestration, and purpose-built, fully compliant and governed agents to connect data, improve efficiency, and accelerate revenue cycle management.




Announced Acquisition of WorkFusion: UiPath announced the acquisition of WorkFusion, a pioneer in AI agents for financial crime compliance. The acquisition expands and strengthens the UiPath portfolio of agentic AI-powered industry solutions for the financial services and banking industries, including processes and workflows for financial crimes compliance such as anti-money laundering and know your customer operations.




UiPath Joined Veeva AI Partner Program to Enable Agentic Testing in Life Sciences: UiPath and Veeva are delivering agentic, end-to-end workflows that will transform computer software assurance (CSA) testing and validation for quality management. The partnership enables Life Sciences organizations to generate, execute, and validate software requirements through test cases with automated pass/fail determinations while maintaining full governance, traceability, and compliance.




Announced Integration with Talkdesk: UiPath integrated with Talkdesk, a leader in agentic customer experience, combining Talkdesk’s multi-agent AI solution and UiPath’s agentic orchestration and intelligent document processing via Model Context Protocol. This integration supports regulated, high-stakes use cases across financial services, healthcare, retail, and more, reducing time agents spend on a single interaction, enhancing accuracy, and delivering a better customer experience.




UiPath Named a Leader in The Forrester Wave™: UiPath was named a Leader in The Forrester Wave™: Autonomous Testing Platforms, Q4 2025, receiving the highest possible marks in seven criteria, including vision and roadmap for its testing solution, UiPath Test Cloud.




UiPath Named to G2’s 2026 Best Software Awards in Five Categories: UiPath was recognized as a leader in G2’s Best Software Awards in the following categories: Best Agentic AI Software Products, Best AI Software Products, Best Development Software Products, Best IT Management Software Products, and Best Global Sellers.




UiPath Screen Agent Receives OSWorld Top Ranking: UiPath announced its UiPath Screen Agent powered by Claude Opus 4.5 achieved a No. 1 ranking on the OSWorld-Verified benchmark, an independent evaluation conducted by the OSWorld research group to validate the effectiveness of computer-use agents for enterprise-wide agentic AI deployments. A core technology for UiPath ScreenPlay, UiPath Screen Agent uses common large language models (LLMs) that allow for the use of natural language to simply and easily create user interfaces (UI) to automate and execute end-to-end complex tasks.




UiPath Achieved AIUC-1 Certification: UiPath announced it has achieved AIUC-1 certification, becoming the first enterprise automation platform to meet the world’s reference standard for AI agent security and reliability. The certification, conducted by Schellman, the largest specialized cybersecurity auditor, validates that UiPath’s AI agents operate safely and securely in real-world business environment.




UiPath Joined Agentic AI Foundation (AAIF) to Advance Interoperability in Agentic AI Adoption: UiPath announced it has joined the Agentic AI Foundation (AAIF) as a Gold Member. Together with other member organizations, UiPath will work with industry leaders to shape standards and collaborate on open-source innovation necessary for scaling agentic AI in the enterprise.



Conference Call and Webcast


UiPath will host a conference call today, Wednesday, March 11, 2026, at 5:00 p.m. Eastern Time, to discuss the Company's fourth quarter and full year fiscal 2026 financial results and its guidance for the first quarter and full year fiscal 2027. To access this call, dial 1-201-689-8057 (domestic) or 1-877-407-8309 (international). The passcode is 13758276. A live webcast of this conference call will be available on the "Investor Relations" page of UiPath’s website (https://ir.uipath.com), and a replay will also be archived on the website for one year.


Forrester Disclaimer:


Forrester does not endorse any company, product, brand, or service included in its research publications and does not advise any person to select the products or services of any company or brand based on the ratings included in such publications. Information is based on the best available resources. Opinions reflect judgment at the time and are subject to change. For more information, read about Forrester’s objectivity at https://www.forrester.com/about-us/objectivity/.


About UiPath


UiPath (NYSE: PATH) is a global leader in agentic automation, empowering enterprises to harness the full potential of AI agents to autonomously execute and optimize complex business processes. The UiPath Platform™ uniquely combines controlled agency, developer flexibility, and seamless integration to help organizations scale agentic automation safely and confidently. Committed to security, governance, and interoperability, UiPath supports enterprises as they transition into a future where automation delivers on the full potential of AI to transform industries. For more information, visit www.uipath.com.


Forward-Looking Statements


Statements we make in this press release may include statements which are not historical facts and are considered forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, which are usually identified by the use of words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “outlook,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” and variations of such words or similar expressions, including the negatives of these words or similar expressions.


We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are making this statement for purposes of complying with those safe harbor provisions.


These forward-looking statements include, but are not limited to, statements regarding: our financial guidance for the first fiscal quarter 2027 and the full fiscal year 2027; our ability to drive and accelerate future growth and operational efficiency and grow our platform, product offerings, and market opportunity; our business strategy; plans and objectives of management for future operations; the estimated addressable market opportunity for our platform and the growth of the enterprise automation market; the success of our platform and new releases including the incorporation of AI; the success of our collaborations with third parties; our customers’ behaviors and potential automation spend; and details of UiPath’s stock repurchase program. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These risks include, but are not limited to, risks and uncertainties related to: our expectations regarding our revenue, annualized renewal run-rate (ARR), expenses, and other operating results; our ability to effectively manage our growth and achieve or sustain profitability; our ability to acquire new customers and successfully retain existing customers; the ability of the UiPath Platform™ to satisfy and adapt to customer demands and our ability to increase its adoption; our ability to grow our platform and release new functionality in a timely manner; future investments in our business, our anticipated capital expenditures, and our estimates regarding our capital requirements; the costs and success of our marketing efforts and our ability to evolve and enhance our brand; our growth strategies; the estimated addressable market opportunity for our platform and for automation in general; our reliance on key personnel and our ability to attract, integrate, and retain highly-qualified personnel and execute management transitions; our ability to obtain, maintain, and enforce our intellectual property rights and any costs associated therewith; the effect of significant events with macroeconomic impacts, including but not limited to military conflicts and other changes in geopolitical relationships and inflationary cost trends, on our business, industry, and the global economy; our reliance on third-party providers of cloud-based infrastructure; our ability to compete effectively with existing competitors and new market entrants, including new, potentially disruptive technologies; the size and growth rates of the markets in which we compete; and the price volatility of our Class A common stock.


Further information on risks that could cause actual results to differ materially from our guidance and other forward-looking statements can be found in our Annual Report on Form 10-K for the fiscal year ended January 31, 2026 to be filed with the United States Securities and Exchange Commission (SEC), and other filings and reports that we may file from time to time with the SEC. Any forward-looking statements contained in this press release are based on assumptions that we believe to be reasonable as of this date. Except as required by law, we assume no obligation to update these forward-looking statements.


Key Performance Metric


Annualized Renewal Run-rate (ARR) is the key performance metric we use in managing our business because it illustrates our ability to acquire new subscription customers and to maintain and expand our relationships with existing subscription customers. We define ARR as annualized invoiced amounts per solution SKU from subscription licenses and maintenance and support obligations assuming no increases or reductions in customers’ subscriptions. ARR does not include the costs we may incur to obtain such subscription licenses or provide such maintenance and support. ARR also does not reflect nonrecurring rebates payable to partners (upon establishing sufficient history of their nonrecurring nature), the impact of nonrecurring incentives (such as one-time discounts provided under sales promotional programs), and any actual or anticipated reductions in invoiced value due to contract non-renewals or service cancellations other than for certain reserves (for example those for credit losses or disputed amounts). ARR does not include invoiced amounts associated with perpetual licenses or professional services. ARR is not a forecast of future revenue, which is impacted by contract start and end dates and duration. ARR should be viewed independently of revenue and deferred revenue as ARR is an operating metric and is not intended to replace these items.


Dollar-based net retention rate represents the rate of net expansion of our ARR from existing customers over the preceding 12 months. We calculate dollar-based net retention rate as of a period end by starting with ARR from the cohort of all customers as of 12 months prior to such period end (Prior Period ARR). We then calculate the ARR from these same customers as of the current period end (Current Period ARR). Current Period ARR includes any expansion and is net of any contraction or attrition over the preceding 12 months but does not include ARR from new customers in the current period. We then divide total Current Period ARR by total Prior Period ARR to arrive at dollar-based net retention rate. Dollar-based net retention rate may fluctuate based on the customers that qualify to be included in the cohort used for calculation and may not reflect our actual performance.


Investors should not place undue reliance on ARR or dollar-based net retention rate as an indicator of future or expected results. Our presentation of these metrics may differ from similarly titled metrics presented by other companies and therefore comparability may be limited.


Non-GAAP Financial Measures


Non-GAAP financial measures are financial measures that are derived from the consolidated financial statements, but that are not presented in accordance with generally accepted accounting principles in the United States (GAAP). This earnings press release includes financial measures defined as non-GAAP financial measures by the SEC, including non-GAAP cost of licenses, non-GAAP cost of subscription services, non-GAAP cost of professional services and other, non-GAAP gross profit and margin, non-GAAP sales and marketing expenses, non-GAAP research and development expenses, non-GAAP general and administrative expenses, non-GAAP operating income and margin, and non-GAAP net income and non-GAAP net income per share. These non-GAAP financial measures exclude:



stock-based compensation expense;



amortization of acquired intangibles;



employer payroll tax expense related to employee equity transactions;



restructuring costs;



charitable donation of Class A common stock;



change in fair value of contingent consideration; and



in the case of non-GAAP net income, release of valuation allowance on deferred tax assets and estimated tax adjustments associated with the add-back items, as applicable.



Additionally, this earnings release presents non-GAAP adjusted free cash flow, which is calculated by adjusting GAAP operating cash flows for the impact of purchases of property and equipment, cash paid for employer payroll taxes related to employee equity transactions, net payments/receipts of employee tax withholdings on stock option exercises, and cash paid for restructuring costs.


UiPath uses these non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors by excluding the effects of items that do not reflect the ordinary earnings of our operations, and as a supplement to GAAP measures. UiPath believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing its financial results with other companies in UiPath’s industry, many of which present similar non-GAAP financial measures to investors. Investors should consider these non-GAAP financial measures in addition to, and not as a substitute for, our financial performance measures prepared in accordance with GAAP. Further, our non-GAAP information may be different from the non-GAAP information provided by other companies. The information below provides a reconciliation of non-GAAP financial measures used in this earnings press release to the most directly comparable GAAP financial measures. We encourage investors to consider our GAAP results alongside our supplemental non-GAAP measures, and to review the reconciliation between GAAP results and non-GAAP measures that is included at the end of this earnings press release. This earnings press release and any future releases containing such non-GAAP reconciliations can also be found on the Investor Relations page of UiPath’s website at https://ir.uipath.com.




UiPath, Inc.








Condensed Consolidated Statements of Operations








in thousands, except per share data








(unaudited)








 






 






 






 






 







 






 






 






 








 






 






Three Months Ended January 31,






 






Twelve Months Ended January 31,








 






 






 






2026






 






 






 






2025







 






 






2026






 






 






 






2025






 








Revenue:






 






 






 






 







 






 






 






 








Licenses






 






$






215,904






 






 






$






197,609







 






$






606,394






 






 






$






587,162






 








Subscription services






 






 






251,233






 






 






 






215,221







 






 






954,472






 






 






 






801,947






 








Professional services and other






 






 






13,970






 






 






 






10,816







 






 






49,706






 






 






 






40,555






 








Total revenue






 






 






481,107






 






 






 






423,646







 






 






1,610,572






 






 






 






1,429,664






 








Cost of revenue:






 






 






 






 







 






 






 






 








Licenses






 






 






1,555






 






 






 






1,231







 






 






5,334






 






 






 






8,565






 








Subscription services






 






 






40,770






 






 






 






43,860







 






 






157,588






 






 






 






167,630






 








Professional services and other






 






 






31,610






 






 






 






19,443







 






 






108,062






 






 






 






70,747






 








Total cost of revenue






 






 






73,935






 






 






 






64,534







 






 






270,984






 






 






 






246,942






 








Gross profit






 






 






407,172






 






 






 






359,112







 






 






1,339,588






 






 






 






1,182,722






 








Operating expenses:






 






 






 






 







 






 






 






 








Sales and marketing






 






 






178,179






 






 






 






176,836







 






 






683,329






 






 






 






738,493






 








Research and development






 






 






95,159






 






 






 






99,670







 






 






385,208






 






 






 






380,682






 








General and administrative






 






 






53,548






 






 






 






48,997







 






 






214,291






 






 






 






226,116






 








Total operating expenses






 






 






326,886






 






 






 






325,503







 






 






1,282,828






 






 






 






1,345,291






 








Operating income (loss)






 






 






80,286






 






 






 






33,609







 






 






56,760






 






 






 






(162,569






)








Interest income






 






 






11,670






 






 






 






12,167







 






 






48,023






 






 






 






49,422






 








Other income (expense), net






 






 






481






 






 






 






8,848







 






 






(4,155






)






 






 






35,047






 








Income (loss) before income taxes






 






 






92,437






 






 






 






54,624







 






 






100,628






 






 






 






(78,100






)








(Benefit from) provision for income taxes






 






 






(12,025






)






 






 






2,830







 






 






(181,702






)






 






 






(4,406






)








Net income (loss)






 






$






104,462






 






 






$






51,794







 






$






282,330






 






 






$






(73,694






)








Net income (loss) per share, basic






 






$






0.19






 






 






$






0.09







 






$






0.52






 






 






$






(0.13






)








Net income (loss) per share, diluted






 






$






0.19






 






 






$






0.09







 






$






0.52






 






 






$






(0.13






)








Weighted-average shares used in computing net income (loss) per share, basic






 






 






535,962






 






 






 






550,948







 






 






538,125






 






 






 






559,933






 








Weighted-average shares used in computing net income (loss) per share, diluted






 






 






545,284






 






 






 






555,373







 






 






544,860






 






 






 






559,933






 









UiPath, Inc.








Condensed Consolidated Balance Sheets








in thousands








(unaudited)








 






 






 






 






 








 






 






As of January 31,








 






 






 






2026






 






 






 






2025






 








Assets






 






 






 






 








Current assets






 






 






 






 








Cash and cash equivalents






 






$






871,157






 






 






$






879,196






 








Restricted cash






 






 






438






 






 






 






438






 








Marketable securities






 






 






601,329






 






 






 






750,322






 








Accounts receivable, net of allowance for credit losses of $5,222 and $1,642, respectively






 






 






488,265






 






 






 






451,131






 








Contract assets






 






 






92,440






 






 






 






88,735






 








Deferred contract acquisition costs






 






 






84,739






 






 






 






82,461






 








Prepaid expenses and other current assets






 






 






105,577






 






 






 






86,276






 








Total current assets






 






 






2,243,945






 






 






 






2,338,559






 








Marketable securities, non-current






 






 






216,990






 






 






 






94,113






 








Contract assets, non-current






 






 






1,946






 






 






 






3,447






 








Deferred contract acquisition costs, non-current






 






 






153,708






 






 






 






139,341






 








Property and equipment, net






 






 






46,014






 






 






 






32,740






 








Operating lease right-of-use assets






 






 






64,472






 






 






 






66,500






 








Intangible assets, net






 






 






19,989






 






 






 






7,905






 








Goodwill






 






 






125,310






 






 






 






87,304






 








Deferred tax assets






 






 






233,401






 






 






 






27,963






 








Other assets, non-current






 






 






73,425






 






 






 






67,398






 








Total assets






 






$






3,179,200






 






 






$






2,865,270






 








 






 






 






 






 








Liabilities and stockholders' equity






 






 






 






 








Current liabilities






 






 






 






 








Accounts payable






 






$






10,161






 






 






$






33,178






 








Accrued expenses and other current liabilities






 






 






170,496






 






 






 






83,923






 








Accrued compensation and employee benefits






 






 






121,029






 






 






 






112,355






 








Deferred revenue






 






 






603,737






 






 






 






569,464






 








Total current liabilities






 






 






905,423






 






 






 






798,920






 








Deferred revenue, non-current






 






 






103,568






 






 






 






135,843






 








Operating lease liabilities, non-current






 






 






70,940






 






 






 






74,230






 








Other liabilities, non-current






 






 






16,682






 






 






 






10,515






 








Total liabilities






 






 






1,096,613






 






 






 






1,019,508






 








Commitments and contingencies






 






 






 






 








Stockholders' equity






 






 






 






 








Class A common stock






 






 






5






 






 






 






5






 








Class B common stock






 






 






1






 






 






 






1






 








Treasury stock






 






 






(833,905






)






 






 






(494,779






)








Additional paid-in capital






 






 






4,585,430






 






 






 






4,333,300






 








Accumulated other comprehensive income (loss)






 






 






36,601






 






 






 






(4,890






)








Accumulated deficit






 






 






(1,705,545






)






 






 






(1,987,875






)








Total stockholders’ equity






 






 






2,082,587






 






 






 






1,845,762






 








Total liabilities and stockholders’ equity






 






$






3,179,200






 






 






$






2,865,270






 









UiPath, Inc.








Condensed Consolidated Statements of Cash Flows








in thousands








(unaudited)








 






 






Twelve Months Ended January 31,








 






 






 






2026






 






 






 






2025






 








Cash flows from operating activities






 






 






 






 








Net income (loss)






 






$






282,330






 






 






$






(73,694






)








Adjustments to reconcile net income (loss) to net cash provided by operating activities:






 






 






 






 








Depreciation and amortization






 






 






16,969






 






 






 






17,232






 








Amortization of deferred contract acquisition costs






 






 






109,362






 






 






 






92,089






 








Net accretion on marketable securities






 






 






(10,236






)






 






 






(31,778






)








Stock-based compensation expense






 






 






290,676






 






 






 






358,151






 








Charitable donation of Class A common stock






 






 






4,187






 






 






 






6,564






 








Non-cash operating lease expense






 






 






16,976






 






 






 






15,899






 








Benefit from deferred income taxes






 






 






(202,682






)






 






 






(19,794






)








Credit loss expense






 






 






5,735






 






 






 






1,979






 








Other non-cash charges (credits), net






 






 






7,098






 






 






 






(4,311






)








Changes in operating assets and liabilities:






 






 






 






 








Accounts receivable






 






 






(25,802






)






 






 






(22,173






)








Contract assets






 






 






3,208






 






 






 






(3,991






)








Deferred contract acquisition costs






 






 






(116,202






)






 






 






(89,157






)








Prepaid expenses and other assets






 






 






(3,933






)






 






 






7,065






 








Accounts payable






 






 






(21,675






)






 






 






27,856






 








Accrued expenses and other liabilities






 






 






46,697






 






 






 






9,235






 








Accrued compensation and employee benefits






 






 






2,583






 






 






 






(23,428






)








Operating lease liabilities, net






 






 






(11,652






)






 






 






(15,527






)








Deferred revenue






 






 






(22,431






)






 






 






68,348






 








Net cash provided by operating activities






 






 






371,208






 






 






 






320,565






 








Cash flows from investing activities






 






 






 






 








Purchases of marketable securities






 






 






(772,491






)






 






 






(1,470,355






)








Maturities of marketable securities






 






 






809,247






 






 






 






1,475,584






 








Purchases of property and equipment






 






 






(19,048






)






 






 






(14,923






)








Payments related to business acquisition, net of cash acquired






 






 






(24,821






)






 






 






—






 








Other investing, net






 






 






(15,353






)






 






 






(35,809






)








Net cash used in investing activities






 






 






(22,466






)






 






 






(45,503






)








Cash flows from financing activities






 






 






 






 








Repurchases of Class A common stock






 






 






(329,101






)






 






 






(390,751






)








Proceeds from exercise of stock options






 






 






1,056






 






 






 






8,032






 








Payments of tax withholdings on settlement of equity awards






 






 






(59,061






)






 






 






(77,831






)








Proceeds from employee stock purchase plan contributions






 






 






14,859






 






 






 






15,605






 








Payments of deferred or contingent consideration related to business acquisitions






 






 






(128






)






 






 






(5,570






)








Net cash used in financing activities






 






 






(372,375






)






 






 






(450,515






)








Effect of exchange rate changes






 






 






15,594






 






 






 






(7,029






)








Net decrease in cash, cash equivalents, and restricted cash






 






 






(8,039






)






 






 






(182,482






)








Cash, cash equivalents, and restricted cash - beginning of period






 






 






879,634






 






 






 






1,062,116






 








Cash, cash equivalents, and restricted cash - end of period






 






$






871,595






 






 






$






879,634






 









UiPath, Inc.








Reconciliation of GAAP Cost of Revenue, Gross Profit and Margin to Non-GAAP Cost of Revenue, Gross Profit and Margin








in thousands, except percentages








(unaudited)








 






 






 






 






 






 






 






 






 








 






 






Three Months Ended January 31,






 






Twelve Months Ended January 31,








 






 






 






2026






 






 






 






2025






 






 






 






2026






 






 






 






2025






 








GAAP cost of licenses






 






$






1,555






 






 






$






1,231






 






 






$






5,334






 






 






$






8,565






 








Less: Amortization of acquired intangible assets






 






 






249






 






 






 






262






 






 






 






991






 






 






 






2,747






 








Non-GAAP cost of licenses






 






$






1,306






 






 






$






969






 






 






$






4,343






 






 






$






5,818






 








 






 






 






 






 






 






 






 






 








GAAP cost of subscription services






 






$






40,770






 






 






$






43,860






 






 






$






157,588






 






 






$






167,630






 








Less: Stock-based compensation expense






 






 






2,803






 






 






 






4,800






 






 






 






13,676






 






 






 






19,401






 








Less: Amortization of acquired intangible assets






 






 






920






 






 






 






592






 






 






 






3,449






 






 






 






2,382






 








Less: Employer payroll tax expense related to employee equity transactions






 






 






151






 






 






 






157






 






 






 






333






 






 






 






448






 








Less: Restructuring costs






 






 






—






 






 






 






2,420






 






 






 






585






 






 






 






2,745






 








Non-GAAP cost of subscription services






 






$






36,896






 






 






$






35,891






 






 






$






139,545






 






 






$






142,654






 








 






 






 






 






 






 






 






 






 








GAAP cost of professional services and other






 






$






31,610






 






 






$






19,443






 






 






$






108,062






 






 






$






70,747






 








Less: Stock-based compensation expense






 






 






2,039






 






 






 






2,948






 






 






 






9,484






 






 






 






11,386






 








Less: Employer payroll tax expense related to employee equity transactions






 






 






62






 






 






 






71






 






 






 






145






 






 






 






188






 








Less: Restructuring costs






 






 






—






 






 






 






—






 






 






 






18






 






 






 






105






 








Non-GAAP cost of professional services and other






 






$






29,509






 






 






$






16,424






 






 






$






98,415






 






 






$






59,068






 








 






 






 






 






 






 






 






 






 








GAAP gross profit






 






$






407,172






 






 






$






359,112






 






 






$






1,339,588






 






 






$






1,182,722






 








GAAP gross margin






 






 






85






%






 






 






85






%






 






 






83






%






 






 






83






%








Plus: Stock-based compensation expense






 






 






4,842






 






 






 






7,748






 






 






 






23,160






 






 






 






30,787






 








Plus: Amortization of acquired intangible assets






 






 






1,169






 






 






 






854






 






 






 






4,440






 






 






 






5,129






 








Plus: Employer payroll tax expense related to employee equity transactions






 






 






213






 






 






 






228






 






 






 






478






 






 






 






636






 








Plus: Restructuring costs






 






 






—






 






 






 






2,420






 






 






 






603






 






 






 






2,850






 








Non-GAAP gross profit






 






$






413,396






 






 






$






370,362






 






 






$






1,368,269






 






 






$






1,222,124






 








Non-GAAP gross margin






 






 






86






%






 






 






87






%






 






 






85






%






 






 






85






%









UiPath, Inc.








Reconciliation of GAAP Operating Expenses, Income (Loss) and Margin to Non-GAAP Operating Expenses, Income and Margin








in thousands, except percentages








(unaudited)








 






 






 






 






 






 






 






 






 








 






 






Three Months Ended January 31,






 






Twelve Months Ended January 31,








 






 






 






2026






 






 






 






2025






 






 






 






2026






 






 






 






2025






 








GAAP sales and marketing






 






$






178,179






 






 






$






176,836






 






 






$






683,329






 






 






$






738,493






 








Less: Stock-based compensation expense






 






 






19,169






 






 






 






28,269






 






 






 






87,746






 






 






 






134,646






 








Less: Amortization of acquired intangible assets






 






 






1,082






 






 






 






271






 






 






 






3,630






 






 






 






1,428






 








Less: Employer payroll tax expense related to employee equity transactions






 






 






914






 






 






 






913






 






 






 






2,054






 






 






 






3,069






 








Less: Restructuring costs






 






 






—






 






 






 






5,525






 






 






 






2,524






 






 






 






15,452






 








Non-GAAP sales and marketing






 






$






157,014






 






 






$






141,858






 






 






$






587,375






 






 






$






583,898






 








 






 






 






 






 






 






 






 






 








GAAP research and development






 






$






95,159






 






 






$






99,670






 






 






$






385,208






 






 






$






380,682






 








Less: Stock-based compensation expense






 






 






29,959






 






 






 






36,750






 






 






 






132,890






 






 






 






132,757






 








Less: Employer payroll tax expense related to employee equity transactions






 






 






1,174






 






 






 






1,033






 






 






 






2,358






 






 






 






2,188






 








Less: Restructuring costs






 






 






—






 






 






 






1,190






 






 






 






(52






)






 






 






3,058






 








Non-GAAP research and development






 






$






64,026






 






 






$






60,697






 






 






$






250,012






 






 






$






242,679






 








 






 






 






 






 






 






 






 






 








GAAP general and administrative






 






$






53,548






 






 






$






48,997






 






 






$






214,291






 






 






$






226,116






 








Less: Stock-based compensation expense






 






 






10,864






 






 






 






14,864






 






 






 






46,880






 






 






 






59,961






 








Less: Amortization of acquired intangible assets






 






 






28






 






 






 






37






 






 






 






121






 






 






 






154






 








Less: Employer payroll tax expense related to employee equity transactions






 






 






378






 






 






 






392






 






 






 






852






 






 






 






1,106






 








Less: Restructuring costs






 






 






—






 






 






 






(61






)






 






 






1,332






 






 






 






3,366






 








Less: Charitable donation of Class A common stock






 






 






—






 






 






 






—






 






 






 






4,187






 






 






 






6,564






 








Less: Change in fair value of contingent consideration






 






 






(14






)






 






 






—






 






 






 






(212






)






 






 






—






 








Non-GAAP general and administrative






 






$






42,292






 






 






$






33,765






 






 






$






161,131






 






 






$






154,965






 








 






 






 






 






 






 






 






 






 








GAAP operating income (loss)






 






$






80,286






 






 






$






33,609






 






 






$






56,760






 






 






$






(162,569






)








GAAP operating margin






 






 






17






%






 






 






8






%






 






 






4






%






 






 






(11






)%








Plus: Stock-based compensation expense






 






 






64,834






 






 






 






87,631






 






 






 






290,676






 






 






 






358,151






 








Plus: Amortization of acquired intangible assets






 






 






2,279






 






 






 






1,162






 






 






 






8,191






 






 






 






6,711






 








Plus: Employer payroll tax expense related to employee equity transactions






 






 






2,679






 






 






 






2,566






 






 






 






5,742






 






 






 






6,999






 








Plus: Restructuring costs






 






 






—






 






 






 






9,074






 






 






 






4,407






 






 






 






24,726






 








Plus: Charitable donation of Class A common stock






 






 






—






 






 






 






—






 






 






 






4,187






 






 






 






6,564






 








Plus: Change in fair value of contingent consideration






 






 






(14






)






 






 






—






 






 






 






(212






)






 






 






—






 








Non-GAAP operating income






 






$






150,064






 






 






$






134,042






 






 






$






369,751






 






 






$






240,582






 








Non-GAAP operating margin






 






 






31






%






 






 






32






%






 






 






23






%






 






 






17






%









UiPath, Inc.








Reconciliation of GAAP Net Income (Loss) and GAAP Net Income (Loss) Per Share to Non-GAAP Net Income and Non-GAAP Net Income Per Share








in thousands, except per share data








(unaudited)








 






 






 






 






 






 






 






 






 








 






 






Three Months Ended January 31,






 






Twelve Months Ended January 31,








 






 






 






2026






 






 






 






2025






 






 






 






2026






 






 






 






2025






 








GAAP net income (loss)






 






$






104,462






 






 






$






51,794






 






 






$






282,330






 






 






$






(73,694






)








Plus: Stock-based compensation expense






 






 






64,834






 






 






 






87,631






 






 






 






290,676






 






 






 






358,151






 








Plus: Amortization of acquired intangible assets






 






 






2,279






 






 






 






1,162






 






 






 






8,191






 






 






 






6,711






 








Plus: Employer payroll tax expense related to employee equity transactions






 






 






2,679






 






 






 






2,566






 






 






 






5,742






 






 






 






6,999






 








Plus: Restructuring costs






 






 






—






 






 






 






9,074






 






 






 






4,407






 






 






 






24,726






 








Plus: Charitable donation of Class A common stock






 






 






—






 






 






 






—






 






 






 






4,187






 






 






 






6,564






 








Plus: Change in fair value of contingent consideration






 






 






(14






)






 






 






—






 






 






 






(212






)






 






 






—






 








Less: Release of valuation allowance on deferred tax assets






 






 






(20,460






)






 






 






(111






)






 






 






(204,925






)






 






 






(24,744






)








Tax adjustments to add-backs






 






 






10,547






 






 






 






(7,543






)






 






 






(395






)






 






 






(3,352






)








Non-GAAP net income






 






$






164,327






 






 






$






144,573






 






 






$






390,001






 






 






$






301,361






 








 






 






 






 






 






 






 






 






 








GAAP net income (loss) per share, basic






 






$






0.19






 






 






$






0.09






 






 






$






0.52






 






 






$






(0.13






)








GAAP net income (loss) per share, diluted






 






$






0.19






 






 






$






0.09






 






 






$






0.52






 






 






$






(0.13






)








GAAP weighted average common shares outstanding, basic






 






 






535,962






 






 






 






550,948






 






 






 






538,125






 






 






 






559,933






 








Plus: Dilutive potential common shares from outstanding equity awards






 






 






9,322






 






 






 






4,425






 






 






 






6,735






 






 






 






—






 








GAAP weighted average common shares outstanding, diluted






 






 






545,284






 






 






 






555,373






 






 






 






544,860






 






 






 






559,933






 








 






 






 






 






 






 






 






 






 








Non-GAAP weighted average common shares outstanding, basic






 






 






535,962






 






 






 






550,948






 






 






 






538,125






 






 






 






559,933






 








Plus: Dilutive potential common shares from outstanding equity awards






 






 






9,322






 






 






 






4,425






 






 






 






6,735






 






 






 






6,629






 








Non-GAAP weighted average common shares outstanding, diluted






 






 






545,284






 






 






 






555,373






 






 






 






544,860






 






 






 






566,562






 








Non-GAAP net income per share, basic






 






$






0.31






 






 






$






0.26






 






 






$






0.72






 






 






$






0.54






 








Non-GAAP net income per share, diluted






 






$






0.30






 






 






$






0.26






 






 






$






0.72






 






 






$






0.53






 









UiPath, Inc.








Reconciliation of GAAP Operating Cash Flow to Non-GAAP Adjusted Free Cash Flow








in thousands








(unaudited)








 






 






 






 






 








 






 






Twelve Months Ended January 31,








 






 






 






2026






 






 






 






2025






 








GAAP net cash provided by operating activities






 






$






371,208






 






 






$






320,565






 








Purchases of property and equipment






 






 






(19,048






)






 






 






(14,923






)








Cash paid for employer payroll taxes related to employee equity transactions






 






 






5,750






 






 






 






6,907






 








Net receipts of employee tax withholdings on stock option exercises






 






 






(15






)






 






 






(3






)








Cash paid for restructuring costs






 






 






14,101






 






 






 






15,283






 








Non-GAAP adjusted free cash flow






 






$






371,996






 






 






$






327,829






 







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260311599358/en/
Investor Relations Contact

Allise Furlani

Investor.relations@uipath.com

UiPath


Media Contact

PR@uipath.com

UiPath


Original: UiPath Reports Fourth Quarter and Full Year Fiscal 2026 Financial Results