UiPath Reports Second Quarter Fiscal 2027 Financial Results

Revenue of $410 million elevated 13 p.c year-over-year

ARR of $1.938 billion elevated 12 p.c year-over-year

GAAP working earnings of $32 million and non-GAAP working earnings of $89 million

Announces management adjustments to drive subsequent section of progress and appointment of latest Board member

NEW YORK, September 03, 2026–(BUSINESS WIRE)–UiPath, Inc. (NYSE: PATH), a frontrunner in enterprise orchestration and automation, as we speak introduced monetary outcomes for its second quarter fiscal 2027 ended July 31, 2026.

“I am pleased with our second quarter results, demonstrating disciplined execution and the growing momentum across our platform,” stated Daniel Dines, UiPath Founder and Chief Executive Officer. “AI is expanding what enterprises can automate, while increasing the need for the orchestration, governance, and exactness that deterministic automation provides. Our ability to bring AI agents, robots, systems, and people together to execute end-to-end business processes positions UiPath at the center of this opportunity. We have spent the past two years transforming our platform and strengthening our execution, and I am excited about the opportunity ahead.”

Second Quarter Fiscal 2027 Financial Highlights

• Revenue of $410 million elevated 13 p.c year-over-year.

• ARR of $1.938 billion as of July 31, 2026 elevated 12 p.c year-over-year.

• Net new ARR of $37 million.

• Dollar based mostly web retention price of 109 p.c.

• GAAP gross margin was 80 p.c.

• Non-GAAP gross margin was 82 p.c.

• GAAP working earnings was $32 million.

• Non-GAAP working earnings was $89 million.

• Net money stream from operations was $31 million.

• Non-GAAP adjusted free money stream was $31 million.

• Cash, money equivalents, and marketable securities had been $1.405 billion as of July 31, 2026.

“We delivered another strong quarter, exceeding guidance across all key financial metrics,” stated Ashim Gupta, UiPath Chief Operating Officer. “Our results reflect the operating discipline we’ve instilled across the business, and the momentum we’re seeing from customers and partners around our platform gives us confidence as we head into the second half of the year.”

Leadership and Board of Directors Changes

As UiPath enters its subsequent section of progress, the Company is sharpening management focus and accountability throughout its govt workforce. Ashim Gupta will focus solely on his function as Chief Operating Officer, concentrating his management on driving execution throughout gross sales, demand technology, and supply. Hitesh Ramani has been promoted to Chief Financial Officer, constructing on his function as Deputy CFO and Chief Accounting Officer since 2021. Brad Brubaker has been named Chief Legal & Administrative Officer, increasing his oversight to incorporate the People group. Together, these adjustments sharpen accountability throughout finance, operations, and authorized, positioning UiPath’s management workforce for this subsequent chapter of progress.

In addition, UiPath appointed Yazdi Bagli, Executive Vice President, IT and Enterprise Business Services at Kaiser Permanente (at present on a depart of absence whereas pursuing a fellowship at Harvard University), to its Board of Directors, bringing deep know-how, enterprise transformation, and operational management expertise to the Board.

“UiPath has the opportunity to help define business orchestration and automation by fundamentally transforming how work gets done,” stated Hitesh Ramani, UiPath Chief Financial Officer. “Having partnered with Ashim, our leadership team, and our employees since 2021, I am excited to turn that opportunity into sustainable growth and long term value creation, through disciplined execution.”

Financial Outlook

For the third quarter fiscal 2027, UiPath expects:

• Revenue within the vary of $440 million to $445 million

• ARR within the vary of $1.992 billion to $1.997 billion as of October 31, 2026

• Non-GAAP working earnings of roughly $100 million

For the complete yr fiscal 2027, UiPath expects:

• Revenue within the vary of $1.789 billion to $1.794 billion

• ARR within the vary of $2.065 billion to $2.070 billion as of January 31, 2027

• Non-GAAP working earnings of roughly $445 million.

Reconciliation of non-GAAP working earnings steerage to probably the most instantly comparable GAAP measure shouldn’t be obtainable with out unreasonable efforts on a forward-looking foundation as a result of excessive variability, complexity, and low visibility with respect to the fees excluded from this non-GAAP measure; specifically, the consequences of stock-based compensation expense particular to fairness compensation awards which are instantly impacted by unpredictable fluctuations in our inventory worth. We anticipate the variability of the above expenses to have a big, and doubtlessly unpredictable, impression on our future GAAP monetary outcomes.

Recent Business Highlights

• Introduced Maestro Case to Orchestrate Dynamic, Exception-Heavy Business Processes: UiPath launched Maestro Case, an AI-native case administration functionality governing dynamic, exception-laden processes like investigations and approvals throughout methods and folks. For enterprises working hybrid workflows, Maestro Case replaces workflows dominated by disconnected data and information with ruled, seen orchestration.

• Launched UiPath Maestro Flow: UiPath introduced UiPath Maestro Flow, a developer-first orchestration canvas combining the pace of recent, AI-native improvement with enterprise-grade sturdiness and governance. Using Maestro Flow, builders can use any coding agent to design, run, observe, and govern an end-to-end course of as a single artifact, from prototype to manufacturing — no rewrite required to ship.

Conference Call and Webcast

UiPath will host a webcast as we speak, Thursday, September 3, 2026, at 5:00 p.m. Eastern Time, to debate the Company’s second quarter fiscal 2027 monetary outcomes and its steerage for the third quarter and full yr fiscal 2027. The dwell webcast and replay particulars of the occasion might be obtainable on the “Investor Relations” web page of UiPath’s web site at https://ir.uipath.com.

About UiPath

UiPath (NYSE: PATH) is a frontrunner in enterprise orchestration and automation, trusted by organizations worldwide to remodel enterprise complexity into clever, safe operations the place AI brokers cause, robots act, and folks lead. Built for the fashionable enterprise and the world’s most regulated industries, UiPath integrates automation, orchestration, AI, and testing into ruled, scalable workflows—unlocking innovation on the pace of enterprise whereas delivering the controls and compliance enterprise leaders demand. Visit www.uipath.com for extra data.

Forward-Looking Statements

Statements we make on this press launch might embrace statements which aren’t historic details and are thought of forward-looking inside the that means of the Private Securities Litigation Reform Act of 1995, that are often recognized by means of phrases akin to “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “outlook,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” and variations of such phrases or comparable expressions, together with the negatives of those phrases or comparable expressions.

We intend these forward-looking statements to be coated by the secure 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 assertion for functions of complying with these secure harbor provisions.

These forward-looking statements embrace, however should not restricted to, statements relating to: our monetary steerage for the third fiscal quarter 2027 and the complete fiscal yr 2027; our potential to drive and speed up future progress and operational effectivity and develop our platform, product choices, and market alternative; our enterprise technique; plans and targets of administration for future operations; the estimated addressable market alternative for our platform and the expansion of the enterprise automation market; the success of our platform and new releases together with the incorporation of AI; the success of our collaborations with third events; our clients’ behaviors and potential automation spend; and particulars of UiPath’s inventory repurchase program. Forward-looking statements contain identified and unknown dangers, uncertainties, and different components which will trigger our precise outcomes, efficiency, or achievements to be materially totally different from any future outcomes, efficiency, or achievements expressed or implied by the forward-looking statements. These dangers embrace, however should not restricted to, dangers and uncertainties associated to: our expectations relating to our income, annualized renewal run-rate (ARR), bills, and different working outcomes; our potential to successfully handle our progress and maintain profitability; our potential to accumulate new clients and efficiently retain current clients; the flexibility of the UiPath Platform to fulfill and adapt to buyer calls for and our potential to extend its adoption; our potential to develop our platform and launch new performance in a well timed method, together with integration of synthetic intelligence and machine studying applied sciences and capabilities; our potential to responsibly develop and use AI applied sciences in compliance with evolving authorized and regulatory necessities; future investments in our enterprise, our anticipated capital expenditures, and our estimates relating to our capital necessities; the prices and success of our advertising efforts and our potential to evolve and improve our model; our progress methods; the estimated addressable market alternative for our platform and for orchestration and automation basically; our reliance on key personnel and our potential to draw, combine, and retain highly-qualified personnel and execute administration transitions; our potential to acquire, keep, and implement our mental property rights and any prices related therewith; the impact of serious occasions with macroeconomic impacts, together with however not restricted to army conflicts, adjustments in worldwide commerce insurance policies, and different adjustments in geopolitical relationships and inflationary value traits, on our enterprise, business, and the worldwide financial system; our reliance on third-party suppliers of cloud-based infrastructure and enormous language fashions; our potential to compete successfully with current rivals and new market entrants, together with new, doubtlessly disruptive applied sciences; the scale and progress charges of the markets by which we compete; and the worth volatility of our Class A typical inventory.

Further data on dangers that would trigger precise outcomes to vary materially from our steerage and different forward-looking statements could be present in our Annual Report on Form 10-Okay for the fiscal yr ended January 31, 2026, filed with the United States Securities and Exchange Commission (SEC) on March 25, 2026, and different filings and stories that we might file occasionally with the SEC. Any forward-looking statements contained on this press launch are based mostly on assumptions that we imagine to be affordable as of this date. Except as required by legislation, we assume no obligation to replace these forward-looking statements.

Key Performance Metric

Annualized Renewal Run-rate (ARR) is the important thing efficiency metric we use in managing our enterprise as a result of it illustrates our potential to accumulate new subscription clients and to take care of and broaden {our relationships} with current subscription clients. We outline ARR as annualized invoiced quantities per answer SKU from subscription licenses and upkeep and assist obligations assuming no will increase or reductions in clients’ subscriptions. ARR doesn’t embrace the prices we might incur to acquire such subscription licenses or present such upkeep and assist. ARR additionally doesn’t replicate nonrecurring rebates payable to companions (upon establishing enough historical past of their nonrecurring nature), the impression of nonrecurring incentives (akin to one-time reductions supplied below gross sales promotional applications), and any precise or anticipated reductions in invoiced worth as a result of contract non-renewals or service cancellations aside from for sure reserves (for instance these for credit score losses or disputed quantities). ARR doesn’t embrace invoiced quantities related to perpetual licenses or skilled providers. ARR shouldn’t be a forecast of future income, which is impacted by contract begin and finish dates and period. ARR must be seen independently of income and deferred income as ARR is an working metric and isn’t meant to interchange these things.

Dollar-based web retention price represents the speed of web enlargement of our ARR from current clients over the previous 12 months. We calculate dollar-based web retention price as of a interval finish by beginning with ARR from the cohort of all clients as of 12 months previous to such interval finish (Prior Period ARR). We then calculate the ARR from these similar clients as of the present interval finish (Current Period ARR). Current Period ARR consists of any enlargement and is web of any contraction or attrition over the previous 12 months however doesn’t embrace ARR from new clients within the present interval. We then divide whole Current Period ARR by whole Prior Period ARR to reach at dollar-based web retention price. Dollar-based web retention price might fluctuate based mostly on the shoppers that qualify to be included within the cohort used for calculation and should not replicate our precise efficiency.

Investors shouldn’t place undue reliance on ARR or dollar-based web retention price as an indicator of future or anticipated outcomes. Our presentation of those metrics might differ from equally titled metrics offered by different firms and subsequently comparability could also be restricted.

Non-GAAP Financial Measures

Non-GAAP monetary measures are monetary measures which are derived from the condensed consolidated monetary statements, however that aren’t offered in accordance with usually accepted accounting ideas within the United States (GAAP). This earnings press launch consists of monetary measures outlined as non-GAAP monetary measures by the SEC, together with non-GAAP value of licenses, non-GAAP value of subscription providers, non-GAAP value {of professional} providers and different, non-GAAP gross revenue and margin, non-GAAP gross sales and advertising bills, non-GAAP analysis and improvement bills, non-GAAP common and administrative bills, non-GAAP working earnings and margin, and non-GAAP web earnings and non-GAAP web earnings per share. These non-GAAP monetary measures exclude:

• stock-based compensation expense;

• amortization of acquired intangibles;

• employer payroll tax expense associated to worker fairness transactions;

• restructuring prices;

• charitable donation of Class A typical inventory;

• change in truthful worth of contingent consideration; and

• within the case of non-GAAP web earnings, estimated tax changes related to the add-back objects, as relevant.

Additionally, this earnings launch presents non-GAAP adjusted free money stream, which is calculated by adjusting GAAP working money flows for the impression of purchases of property and gear, money paid for employer payroll taxes associated to worker fairness transactions, web funds/receipts of worker tax withholdings on inventory possibility workout routines, and money paid for restructuring prices.

UiPath makes use of these non-GAAP monetary measures internally in analyzing its monetary outcomes and believes they’re helpful to traders by excluding the consequences of things that don’t replicate the odd earnings of our operations, and as a complement to GAAP measures. UiPath believes that the usage of these non-GAAP monetary measures supplies a further device for traders to make use of in evaluating ongoing working outcomes and traits and in evaluating its monetary outcomes with different firms in UiPath’s business, a lot of which current comparable non-GAAP monetary measures to traders. Investors ought to take into account these non-GAAP monetary measures along with, and never as an alternative choice to, our monetary efficiency measures ready in accordance with GAAP. Further, our non-GAAP data could also be totally different from the non-GAAP data supplied by different firms. The data beneath supplies a reconciliation of non-GAAP monetary measures used on this earnings press launch to probably the most instantly comparable GAAP monetary measures. We encourage traders to contemplate our GAAP outcomes alongside our supplemental non-GAAP measures, and to overview the reconciliation between GAAP outcomes and non-GAAP measures that’s included on the finish of this earnings press launch. This earnings press launch and any future releases containing such non-GAAP reconciliations can be discovered on the Investor Relations web page of UiPath’s web site at https://ir.uipath.com.