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UiPath(PATH) - 2025 Q1 - Quarterly Results
PATHUiPath(PATH)2024-05-29 20:18

Revenue and ARR Growth - Revenue of 335millionincreased16335 million increased 16% year-over-year[1][6] - ARR of 1.508 billion increased 21% year-over-year[1][6] - Net new ARR of 44million[6]−TotalrevenueforQ12024increasedto44 million[6] - Total revenue for Q1 2024 increased to 335.1 million, up 15.7% from 289.6millioninQ12023[27]−Subscriptionservicesrevenuegrewto289.6 million in Q1 2023[27] - Subscription services revenue grew to 185.1 million, a 26.5% increase from 146.4millioninQ12023[27]−Q2FY2025revenueguidanceof146.4 million in Q1 2023[27] - Q2 FY2025 revenue guidance of 300 million to 305million[7]−Full−yearFY2025ARRguidanceof305 million[7] - Full-year FY2025 ARR guidance of 1.660 billion to 1.665billion[7]ProfitabilityandMargins−Non−GAAPadjustedfreecashflowreached1.665 billion[7] Profitability and Margins - Non-GAAP adjusted free cash flow reached 101 million[1][6] - GAAP gross margin was 83% in Q1 2024, compared to 85% in Q1 2023[34] - Non-GAAP gross margin improved to 86% in Q1 2024, up from 85% in Q1 2023[34] - GAAP operating loss narrowed to 49.5millioninQ12024from49.5 million in Q1 2024 from 46.4 million in Q1 2023[36] - Non-GAAP operating income increased to 50.4millioninQ12024,upfrom50.4 million in Q1 2024, up from 48.2 million in Q1 2023[36] - Non-GAAP operating income guidance of approximately 145millionforFY2025[7]−GAAPnetlossforQ12024was145 million for FY2025[7] - GAAP net loss for Q1 2024 was (28.7) million, compared to (31.9)millioninQ12023,showingareductioninlosses[39]−Non−GAAPnetincomeforQ12024was(31.9) million in Q1 2023, showing a reduction in losses[39] - Non-GAAP net income for Q1 2024 was 73.2 million, up from 63.8millioninQ12023,reflectinga14.863.8 million in Q1 2023, reflecting a 14.8% increase[39] - Non-GAAP net income per share, diluted, remained stable at 0.13 in both Q1 2024 and Q1 2023[39] Cash Flow and Liquidity - Cash, cash equivalents, and marketable securities totaled 1.9billionasofApril30,2024[6]−Cashandcashequivalentsgrewto1.9 billion as of April 30, 2024[6] - Cash and cash equivalents grew to 1.15 billion as of April 30, 2024, up from 1.06billionasofJanuary31,2024[29]−Netcashprovidedbyoperatingactivitieswas1.06 billion as of January 31, 2024[29] - Net cash provided by operating activities was 100.0 million in Q1 2024, compared to 67.3millioninQ12023[31]−GAAPnetcashprovidedbyoperatingactivitiesinQ12024was67.3 million in Q1 2023[31] - GAAP net cash provided by operating activities in Q1 2024 was 100.0 million, a 48.6% increase from 67.3millioninQ12023[42]−Non−GAAPadjustedfreecashflowforQ12024was67.3 million in Q1 2023[42] - Non-GAAP adjusted free cash flow for Q1 2024 was 101.3 million, up 39.3% from 72.7millioninQ12023[42]−Purchasesofpropertyandequipmentdecreasedto72.7 million in Q1 2023[42] - Purchases of property and equipment decreased to 1.2 million in Q1 2024 from 1.9millioninQ12023[42]−Cashpaidforemployerpayrolltaxesrelatedtoemployeeequitytransactionswas1.9 million in Q1 2023[42] - Cash paid for employer payroll taxes related to employee equity transactions was 2.4 million in Q1 2024, down from 2.7millioninQ12023[42]−RestructuringcostsinQ12024were2.7 million in Q1 2023[42] - Restructuring costs in Q1 2024 were 63 thousand, significantly lower than 3.7millioninQ12023[42]CustomerandProductMetrics−Dollar−basednetretentionrateof1183.7 million in Q1 2023[42] Customer and Product Metrics - Dollar-based net retention rate of 118%[6] - Over 1,500 organizations using UiPath Autopilot™, generating over 7,000 workflows and 5,500 expressions per week[9] Stock-Based Compensation and Share Metrics - Stock-based compensation expense totaled 88.7 million in Q1 2024, up from 85.0millioninQ12023[36]−Weighted−averagesharesusedincomputingnetlosspershareincreasedto569,925inQ12024from557,878inQ12023[27]−Stock−basedcompensationexpenseincreasedto85.0 million in Q1 2023[36] - Weighted-average shares used in computing net loss per share increased to 569,925 in Q1 2024 from 557,878 in Q1 2023[27] - Stock-based compensation expense increased to 88.7 million in Q1 2024 from 85.0millioninQ12023[39]−CharitabledonationofClassAcommonstockincreasedto85.0 million in Q1 2023[39] - Charitable donation of Class A common stock increased to 6.6 million in Q1 2024 from $4.2 million in Q1 2023[39]