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UiPath(PATH) - 2026 Q1 - Quarterly Results
PATHUiPath(PATH)2025-05-29 20:16
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Financial Performance - Revenue for Q1 fiscal 2026 was 357million,representinga6357 million, representing a 6% increase year-over-year[5] - Annualized Renewal Run-rate (ARR) reached 1.693 billion, up 12% year-over-year, with net new ARR of 27million[5][2]−TotalrevenueforthethreemonthsendedApril30,2025,was27 million[5][2] - Total revenue for the three months ended April 30, 2025, was 356.624 million, a 6.4% increase from 335.112millioninthesameperiodof2024[25]−Subscriptionservicesrevenueincreasedto335.112 million in the same period of 2024[25] - Subscription services revenue increased to 217.303 million, up 17.4% from 185.131millionyear−over−year[25]−Netlossforthequarterwas185.131 million year-over-year[25] - Net loss for the quarter was (22.555) million, or (0.04)pershare,comparedtoanetlossof(0.04) per share, compared to a net loss of (28.736) million, or (0.05)pershare,intheprioryear[25]−GAAPnetlossforthethreemonthsendedApril30,2025,was(0.05) per share, in the prior year[25] - GAAP net loss for the three months ended April 30, 2025, was 22,555,000, an improvement from a loss of 28,736,000inthesameperiodof2024[37]−Non−GAAPnetincomeforthesameperiodwas28,736,000 in the same period of 2024[37] - Non-GAAP net income for the same period was 60,174,000, compared to 73,218,000in2024,reflectingadecreaseofapproximately17.873,218,000 in 2024, reflecting a decrease of approximately 17.8%[37] Cash Flow and Margins - Non-GAAP adjusted free cash flow was 117 million, while cash flow from operations was 119million[5]−GAAPgrossmarginstoodat82119 million[5] - GAAP gross margin stood at 82%, and non-GAAP gross margin was 84%[5] - Non-GAAP operating income for the quarter was 69.616 million, with a non-GAAP operating margin of 20%, up from 15% in the previous year[34] - GAAP net cash provided by operating activities increased to 119,002,000inQ12025from119,002,000 in Q1 2025 from 100,037,000 in Q1 2024, representing a growth of 18.9%[40] - Non-GAAP adjusted free cash flow for the three months ended April 30, 2025, was 117,067,000,upfrom117,067,000, up from 101,277,000 in 2024, indicating an increase of 15.6%[40] Stock and Shareholder Actions - The company repurchased 227.525millionofClassAcommonstockduringthequarter[29]−Theweightedaveragecommonsharesoutstanding,basicanddiluted,decreasedto548,451inQ12025from569,925inQ12024[37]−Stock−basedcompensationexpensedecreasedto227.525 million of Class A common stock during the quarter[29] - The weighted average common shares outstanding, basic and diluted, decreased to 548,451 in Q1 2025 from 569,925 in Q1 2024[37] - Stock-based compensation expense decreased to 76,361,000 in Q1 2025 from 88,727,000inQ12024,areductionofapproximately13.988,727,000 in Q1 2024, a reduction of approximately 13.9%[37] - The company reported a charitable donation of Class A common stock valued at 4,187,000 in Q1 2025, down from 6,564,000inQ12024[37]FutureProjections−ForQ2fiscal2026,revenueisexpectedtobeintherangeof6,564,000 in Q1 2024[37] Future Projections - For Q2 fiscal 2026, revenue is expected to be in the range of 345 million to 350million,withARRprojectedbetween350 million, with ARR projected between 1.715 billion and 1.720billion[6]ProductDevelopmentandPartnerships−Thecompanylauncheditsnext−generationUiPathPlatformforagenticautomation,enhancingitsproductofferings[8]−UiPathTestCloudwasintroducedtoimprovesoftwaretestingefficiencyusingadvancedAI[8]−ThecompanyannouncedapartnershipwithGoogleCloudtodevelopagenerativeAI−basedMedicalRecordSummarizationagent[9]MarketRecognition−UiPathachievedadollar−basednetretentionrateof1081.720 billion[6] Product Development and Partnerships - The company launched its next-generation UiPath Platform for agentic automation, enhancing its product offerings[8] - UiPath Test Cloud was introduced to improve software testing efficiency using advanced AI[8] - The company announced a partnership with Google Cloud to develop a generative AI-based Medical Record Summarization agent[9] Market Recognition - UiPath achieved a dollar-based net retention rate of 108%[5] - The company was recognized as a Leader in the IDC MarketScape for Worldwide Business Automation Platforms 2025[8] Assets and Liabilities - Cash and cash equivalents decreased to 700.641 million from 879.196millionatthebeginningoftheyear[27]−Totalcurrentassetsdecreasedto879.196 million at the beginning of the year[27] - Total current assets decreased to 2.110 billion from 2.339billionattheendofJanuary2025[27]−Totalliabilitiesdecreasedto2.339 billion at the end of January 2025[27] - Total liabilities decreased to 945.981 million from 1.020billionattheendofJanuary2025[27]OperatingLoss−Operatinglossimprovedto1.020 billion at the end of January 2025[27] Operating Loss - Operating loss improved to (16.412) million compared to (49.465)millioninthesamequarterof2024[34]RestructuringCosts−Thecompanyincurredrestructuringcostsof(49.465) million in the same quarter of 2024[34] Restructuring Costs - The company incurred restructuring costs of 3,011,000 in Q1 2025, while there were no such costs reported in Q1 2024[37]