UiPath Reports First Quarter Fiscal 2026 Financial Results

NEW YORK--(BUSINESS WIRE)--UiPath, Inc. (NYSE: PATH), a global leader in agentic automation, today announced financial results for its first quarter fiscal 2026 ended April 30, 2025.

“I'm pleased with our first quarter results, highlighted by ARR of $1.693 billion, up 12 percent year-over-year, a reflection of our improved execution and the meaningful ROI our customers are realizing through our automation platform,” said Daniel Dines, UiPath Founder and Chief Executive Officer. "This was a milestone quarter for UiPath, marked by the launch of our agentic automation platform, a meaningful step forward in our product evolution. We’re encouraged by the early response from customers, partners, and the broader ecosystem, which underscores the growing interest in agentic automation as a key part of the enterprise automation journey. As we continue to bring this next generation of capabilities to market, we remain confident in our strategy, our differentiation, and the opportunity ahead.”

First Quarter Fiscal 2026 Financial Highlights

• Revenue of $357 million increased 6 percent year-over-year.
• ARR of $1.693 billion as of April 30, 2025 increased 12 percent year-over-year.
• Net new ARR of $27 million.
• Dollar based net retention rate of 108 percent.
• GAAP gross margin was 82 percent.
• Non-GAAP gross margin was 84 percent.
• GAAP operating loss was $(16) million.
• Non-GAAP operating income was $70 million.
• Net cash flow from operations was $119 million.
• Non-GAAP adjusted free cash flow was $117 million.
• Cash, cash equivalents, and marketable securities were $1.59 billion as of April 30, 2025.

Financial Outlook

“We delivered a strong start to the year, with first quarter results exceeding our guidance on both the top and bottom line, and achieving significant year-over-year expansion in non-GAAP operating margin,” said Ashim Gupta, UiPath Chief Operating Officer and Chief Financial Officer. “As we look to the remainder of the year, we remain focused on executing our strategy, investing in innovation and maintaining operational discipline to drive sustainable growth and profitability.”

For the second quarter fiscal 2026, UiPath expects:

• Revenue in the range of $345 million to $350 million.
• ARR in the range of $1.715 billion to $1.720 billion as of July 31, 2025.
• Non-GAAP operating income of approximately $40 million.

For the full year fiscal 2026, UiPath expects:

• Revenue in the range of $1.549 billion to $1.554 billion.
• ARR in the range of $1.820 billion to $1.825 billion as of January 31, 2026.
• Non-GAAP operating income of approximately $305 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 the First Enterprise-Grade Platform for Agentic Automation: UiPath launched its next-generation UiPath Platform™ for agentic automation, a groundbreaking platform designed to unify AI agents, robots, and people on a single intelligent system... with open and secure orchestration at its core...
• Launched Test Cloud to Bring AI Agents to Software Testing: UiPath launched UiPath Test Cloud, a revolutionary new approach to software testing that uses advanced AI to amplify tester productivity...
• Advanced its Open Agentic Ecosystem Through Bi-Directional Integrations with Microsoft Copilot Studio: New capabilities that enable the orchestration of Microsoft Copilot Studio agents alongside UiPath...
• Named a Leader in IDC MarketScape: UiPath was named a Leader in the IDC MarketScape: Worldwide Business Automation Platforms 2025 Vendor Assessment...
• Recognized as a Leader in the Everest Group Intelligent Document Processing (IDP) Products PEAK Matrix® Assessment 2025: Named a Leader in Intelligent Document Processing for the third consecutive year...
• Recognized Fast Track Partners for Their Innovation with Agentic Automation: Honored partners with a badge of distinction for being a UiPath Agentic Automation Fast Track Partner...
• Announced AI Partnership with Google Cloud to Transform Medical Processes: Launch of its generative AI-based UiPath Medical Record Summarization agent...

Conference Call and Webcast

UiPath will host a conference call today, Thursday, May 29, 2025, at 5:00 p.m. Eastern Time, to discuss the Company's first quarter fiscal 2026 financial results...

About UiPath

UiPath (NYSE: PATH) is a global leader in agentic automation, empowering enterprises to harness the full potential of AI agents...

Forward-Looking Statements

Statements we make in this press release may include statements which are not historical facts and are considered forward-looking...

Key Performance Metric

Annualized Renewal Run-rate (ARR) is the key performance metric we use in managing our business because it illustrates our ability...

Non-GAAP Financial Measures

Non-GAAP financial measures are financial measures that are derived from the consolidated financial statements...