What does UiPath do and what are its main business segments?

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What were the key takeaways from UiPath's earnings call?

What factors drove the changes in UiPath's revenue and profit?

Did UiPath beat or miss consensus estimates last quarter?

What is the revenue and EPS growth rate for UiPath year over year?

What guidance did UiPath's management provide for the next earnings period?

What is UiPath's latest dividend and current dividend yield?

- **ARR Growth**: Q4 ARR $1.853B (11% YoY), FY26 ARR $1.853B (11% YoY). Target $2B ARR FY27.
- **AI Expansion**: AI product ARR $200M, 25% YoY growth in AI-adopting customers. 90% of $1M+ ARR customers use AI.
- **Profitability**: Full year GAAP net income $282M, non-GAAP operating margin 23% FY26. Target 30% non-GAAP margin by FY27.
- **Share Buyback**: $1B program completed; $500M authorized for FY27.
- **Strategic Initiatives**: Unified agentic automation platform, WorkFusion acquisition, and vertical solutions in healthcare/finance.

**【CEO Summary Section】**
- Q4 ARR reached $1.853 billion (11% YoY), driven by $70 million net new ARR and $481 million revenue (14% YoY). Full year GAAP profitability achieved for the first time.
- AI product ARR reached $200 million, with 25% YoY growth in customers above $100k in ARR using AI products. 16 of top 20 deals included AI products.
- Four strategic advantages: unified agentic automation platform, installed base flywheel, enterprise governance expertise, and vertical industry depth.
- Announced $2 billion ARR target for FY27 and updated long-term non-GAAP operating margin target to 30%.

**【CFO Financial Commentary】**
- FY26 revenue: $1.611 billion (13% YoY). Q4 non-GAAP operating income: $150 million (31% margin). Full year non-GAAP operating margin: 23%.
- FY27 guidance: Revenue $1.754-1.759 billion, ARR $2.051-2.056 billion, non-GAAP operating income $415 million.
- Completed $1 billion share buyback program; authorized additional $500 million.
- Adjusted free cash flow: $372 million FY26, guided to $425 million FY27.

**【Q&A Highlights】**
- **Net New ARR**: Q4 net new ARR $70 million (FX-neutral 10% growth). FY27 net new ARR expected to stabilize with similar seasonality.
- **Margins**: Target 30% non-GAAP operating margin by FY27, driven by AI adoption and internal efficiency gains.
- **AI Product Momentum**: 90% of $1M+ ARR customers use AI products. Test Cloud and Maestro driving expansion.
- **Federal Business**: Improved traction in public sector, especially defense agencies.
- **WorkFusion Impact**: Acquisition contributes immaterial ARR but strengthens financial services AI strategy.
- **Customer Retention**: Dollar-based NRR 107% (106% FX-adjusted), supported by AI pull-through.


UiPath, Inc. (PATH) Q4 2026 Earnings Call Transcript

- **Revenue milestone**: First GAAP profitable quarter with $411M revenue (+16% YoY), ARR $1.78B (+11%).
- **Agentic momentum**: 950+ clients in production, 365K processes orchestrated, 80%+ autonomy in key workflows.
- **Partnership power**: OpenAI, Microsoft, NVIDIA integrations expand AI capabilities; Deloitte collaboration drives testing automation.
- **Operational strength**: 21% non-GAAP margin, $1.5B cash, and 107% net retention rate.
- **Q4 outlook**: Revenue $462-467M, ARR $1.84B-$1.85B, with net new ARR growth resuming.

**【CEO Summary Section】**
- Q3 revenue reached $411 million, up 16% YoY, with ARR of $1.782 billion (11% growth). GAAP operating income turned positive for the first time.
- Agentic Automation adoption accelerated, with 950+ customers developing agents and 365,000 processes orchestrated via Maestro.
- ScreenPlay and Agent Builder enhancements drove 30%+ time-to-value improvements for clients like Corewell Health and USI Insurance.
- New partnerships with OpenAI, Microsoft, and NVIDIA expanded AI integration capabilities.

**【CFO Financial Commentary】**
- Q3 non-GAAP operating income $88M (21% margin), up 700+ bps YoY. GAAP net income $85M, with $1.5B cash on hand.
- Q4 guidance: Revenue $462-467M, ARR $1.844B-$1.849B. Net new ARR growth resumes on constant currency.
- Dollar-based net retention 107%, with 98% gross retention.

**【Q&A Key Highlights】**
- Agentic solutions still early, but 950+ clients in production show 80%+ autonomy in workflows (e.g., U.S. managed care provider).
- Federal sector resilient despite shutdown, with expansions at Coast Guard, VA, and SSA.
- OpenAI collaboration enables direct LLM integration, reducing setup time by 50%.
- Deloitte partnership accelerates testing automation with 1,500+ prebuilt bots.
- AI-related monetization indirect via platform pull-through, with no material top-line impact in 2026.

UiPath Inc. (PATH) Q3 2026 Earnings Call Transcript

- **Revenue and ARR Growth**: 14% YoY revenue ($362M) and 11% ARR ($1.723B), driven by Agentic solutions winning 7-figure deals faster than RPA.
- **Profitability Improvement**: 17% non-GAAP operating margin ($62M) vs. prior year loss, with $45M free cash flow.
- **Agentic Momentum**: 450+ customers developing agents, 1M+ agent runs, and 170K+ Maestro instances. Public sector normalization and cloud ARR up 25%.
- **Guidance Confidence**: Raised FY26 revenue to $1.57B-$1.58B, reflecting stabilization and Agentic traction despite FY26 top-line impact.

**【CEO Summary Section】**
- Q2 ARR grew 11% to $1.723B, driven by $31M net new ARR. Revenue increased 14% YoY to $362M, exceeding high-end guidance across all metrics.
- Agentic solutions are winning deals faster, with 450+ customers actively developing agents. Examples include a Fortune 15 tech company choosing UiPath for SAP transformation and a health care provider cutting processing time by 75%.
- Gross margin improved to 84%, with non-GAAP operating income of $62M (17% margin), up 1,500+ bps YoY.
- Introduced UiPath API Workflows, Coded Agents, and Data Fabric to enhance AI/automation integration. FUSION 2025 will showcase Agentic Automation's future potential.

**【CFO Financial Commentary】**
- Q2 GAAP net loss narrowed to $20M, with non-GAAP operating income of $62M. Adjusted free cash flow was $45M, ending the quarter with $1.5B in cash.
- Guidance for Q3: Revenue $390M-$395M, ARR $1.771B-$1.776B, non-GAAP op income $70M. Full FY26: Revenue $1.571B-$1.576B, ARR $1.834B-$1.839B, op income $340M.
- FX tailwind of $7M in FY26 guidance. Public sector normalization and Agentic adoption driving confidence, though FY26 top-line impact remains limited.

**【Q&A Key Highlights】**
- **Agentic Adoption Pacing**: 450+ customers developing agents, with 1M+ agent runs and 170K+ Maestro instances. Deal sizes growing faster than traditional RPA, with 7-figure wins in finance and manufacturing.
- **Go-to-Market Stability**: Restructured teams show improved pipeline quality, forecasting accuracy, and implementation speed. Field closer to customers, with product/field collaboration driving innovation.
- **Public Sector Momentum**: U.S. Navy, Coast Guard, and VA wins highlight normalization post-budget delays. ARR from cloud/SaaS up 25% to $1.08B, with KLM migrating to cloud.
- **Competitive Positioning**: Recognized as RPA leader in Gartner Magic Quadrant. Maestro's agnostic orchestration and tight RPA integration differentiate against siloed platforms.
- **FX Impact**: FY26 guidance includes $7M tailwind, with FX recognized at renewal time. European currencies and yen driving variability.

UiPath Inc. (PATH) Q2 2026 Earnings Call Transcript

- **Revenue resilience**: $357M Q1 revenue (+6% YoY), ARR growth 12% to $1.693B, driven by Agentic Automation adoption.
- **Profitability leap**: Non-GAAP operating margin 20% (vs. 15.5% prior year), adj. free cash flow $117M (33% margin).
- **Agentic momentum**: 250k agent runs, 11k Maestro process instances, and IXP transforming document processing.
- **Strategic wins**: Google Cloud medical AI partnership, Microsoft CoPilot integration, and US Air Force Agentic deal.
- **FY26 outlook**: Guided for $1.55B revenue, 108% net retention, and $370M adj. free cash flow, despite macro uncertainty.

**【CEO Summary Section】**
- Q1 2026 revenue: $357 million (6% YoY growth), ARR: $1.693 billion (12% YoY growth), driven by Agentic Automation adoption.
- GAAP operating loss improved to $16 million (vs. $49 million prior year), non-GAAP operating margin: 20% (up 450bps YoY).
- Key product momentum: Agent Builder (250k agent runs), Maestro (11k process instances), and IXP for complex document processing.
- Strategic partnerships: Google Cloud (medical record summarization agent), Microsoft (CoPilot Studio integration), and Deloitte (Agentic ERP playbook).
- Public sector progress: US Air Force deal for Agentic Airmen Initiative, navigating federal budget transition.

**【CFO Financial Commentary】**
- Q1 non-GAAP operating income: $70 million (20% margin), adj. free cash flow: $117 million (33% margin).
- FY26 guidance: Revenue $1.549B-$1.554B, ARR $1.82B-$1.825B, non-GAAP op. income $305M, adj. free cash flow $370M.
- FX impact minimal (2-3%), no material impact expected for FY26.
- Share buybacks: 21.9M shares repurchased at $10.40 avg price.

**【Q&A Highlights】**
- **Macroeconomic environment**: Variable but improving visibility; Q2 revenue linearity adjusted due to favorable deal mix.
- **Public sector**: Federal renewals on track, but new deals constrained by budget delays; Air Force deal highlights Agentic potential.
- **Agentic adoption**: Early-stage, no material revenue contribution in FY26; 40+ partners completed Agentic Fast Track program.
- **Pricing model**: Consumption-based SKUs for agents, early positive feedback from customers.
- **Pipeline quality**: Strong activity in Agentic POCs and proofs of concept, supporting Q2 guidance.


UiPath Inc. (PATH) Q1 2026 Earnings Call Transcript

- **Revenue resilience amid macro volatility**: Q4 2025 ARR growth (+14% YoY) to $1.666B, with cloud ARR surging 50% YoY to $975M.
- **Agentic innovation leadership**: 3,000+ agents created in private preview, including 30% accuracy improvement for Allegis. Launching consumption-based pricing for agents Q2 2026.
- **Public sector caution**: FY2026 guidance reflects short-term federal delays, but AI product attach rate hits 85%+ for top customers.
- **Profitability improvement**: Non-GAAP operating margin jumps to 32% (Q4 2025), with $328M free cash flow and $1.7B cash balance.

**【CEO Summary Section】**
- Q4 2025 revenue reached $424 million (excluding $2M FX headwind), with ARR of $1.666 billion (+14% YoY). Public sector transition caused short-term delays, but federal customers reaffirm UiPath's value for efficiency goals.
- Strategic focus on **agentic automation innovation**: launched Agent Builder (3,000+ agents created), Agentic Orchestration (public preview), and Agentic Testing (GA). Acquired Peak AI for verticalized price/inventory agents.
- Customers like a global semiconductor company signed a $7M deal for agentic products, while Allegis Global Solutions saw 30% accuracy improvement using UiPath agents.
- Fiscal 2026 priorities: accelerate agentic adoption, optimize operational efficiency, and weather macro volatility with prudence.

**【CFO Financial Commentary】**
- FY2025 revenue: $1.43B (+9% YoY); cloud ARR: $975M (+50% YoY). Non-GAAP operating margin improved to 32% (Q4 2025), with $328M free cash flow.
- Q1 2026 guidance: revenue $330-335M, ARR $1.686-1.691B. FY2026 revenue: $1.525-1.530B, non-GAAP op income $270M. SaaS growth (+2% YoY) offsets macro headwinds.
- Share buybacks: $390M in FY2025, continuing under 10b5-1 plan.

**【Q&A Highlights】**
- **Public Sector Uncertainty**: Federal deal closures delayed due to administration transition, but customers view UiPath as critical for DOGE efficiency goals. Canada-based bank reported 90%+ AI product adoption for ERP migration savings.
- **Agentic Momentum**: 3,000+ agents created in private preview, with use cases in claims processing, supply chain, and testing. Agentic Testing adoption grew 300% QoQ.
- **Monetization Strategy**: Consumption-based pricing for agents and orchestration to launch Q2 2026. AI product attach rate: 20% overall, 85%+ for >$1M ARR customers.
- **Cloud Migration**: 10% of ARR moved to cloud in FY2025, driven by AI product adoption and agentic roadmap. Largest customer migrating 1,000+ processes to cloud.
- **Competition**: Differentiated by agentic-first strategy, open-source integration, and verticalized agents (e.g., Peak AI acquisition).

UiPath (PATH)-12 Mar 25-2025 Q4 Earnings call transcript

UiPath (PATH)-5 Dec 24-2025 Q3 Earnings call transcript

UiPath (PATH)-5 Sep 24-2025 Q2 Earnings call transcript

UiPath Inc - Ordinary Shares (PATH)-29 May 24-2025 Q1 Earnings call transcript

UiPath Inc - Ordinary Shares (PATH)-13 Mar 24-2024 Q4 Earnings call transcript

- **ARR & Revenue Growth**: 24% YoY ARR ($1.378B) and 24% revenue ($326M), driven by federal and healthcare wins.
- **Operational Excellence**: 13% non-GAAP operating margin, $44M free cash flow, and 123% net retention rate.
- **AI Innovation**: Launch of UiPath Autopilot and next-gen Document Understanding, with 80% faster model training.
- **Customer Expansion**: 31% YoY growth in >$1M ARR customers, with $250M ROI for a health system.
- **Guidance**: Q4 2024 revenue $381-386M, FY24 free cash flow >$250M, amid cautious macro outlook.

**【CEO Summary Section】**
- **ARR Growth**: Q3 ARR reached $1.378 billion, up 24% YoY, driven by $70 million in net new ARR. Notable wins include federal agencies (e.g., USDA, Coast Guard) and financial services customers.
- **Revenue Performance**: Revenue of $326 million grew 24% YoY, with FX tailwinds contributing $3 million. Dollar-based net retention rate was 123% (121% reported, 123% FX-adjusted).
- **Operational Efficiency**: Non-GAAP operating margin improved to 13% (vs. -600 bps YoY), with $44 million in adjusted free cash flow. Gross margin remained strong at 87%.
- **Product Innovation**: Launch of UiPath Autopilot (AI-powered tools for developers and business users) and next-gen Document Understanding, which accelerates model training by 80%.
- **Customer Expansion**: 264 customers with >$1M ARR (31% YoY growth), and 1,974 customers with >$100K ARR. Key deals included a $250M ROI health system and a $1M+ federal deployment.

**【CFO Financial Commentary】**
- **Financial Highlights**: GAAP net loss of $56 million (vs. $101 million YoY), with non-GAAP EPS beating expectations. Remaining performance obligations (RPO) grew 31% YoY to $995 million.
- **Cash Management**: $1.8 billion in cash, with $4.9 million shares repurchased under a $500M buyback program.
- **Guidance**: Q4 2024 revenue expected in $381-386 million, ARR in $1.45-1.455 billion, and FY24 free cash flow >$250 million.

**【Q&A Highlights】**
- **AI Spend Dynamics**: Customers prioritize automation as a cost-efficient innovation channel, with AI investments driven by business case ROI (e.g., $250M savings for a health system).
- **Sales Force Expansion**: Ashim confirmed ongoing sales team investments, with sequential sales & marketing expense growth due to channel realignment.
- **Macro Environment**: Rob noted stabilization in enterprise spending, with federal and healthcare sectors leading, while smaller businesses remain cautious.
- **Competitive Position**: UiPath maintains leadership in public sector and AI-integrated automation, with partnerships like SAP and Deloitte driving differentiation.

Actual	0.02	0.01	0	0.05	-0.03	-0.02	0.05	0.15	0.11	0.09	0.12	0.22	0.13	0.04	0.11	0.26	0.11	0.15	0.16	0.3
Forecast	-0.0473	-0.0546	-0.0386	0.0279	-0.0554	-0.1022	-0.0453	0.0654	0.0228	0.0392	0.0698	0.1577	0.1163	0.0327	0.0734	0.199	0.102	0.0849	0.1472	0.2556
Surprise	+142.28%	+118.32%	+100.00%	+79.21%	+45.85%	+80.43%	+210.38%	+129.36%	+382.46%	+129.59%	+71.92%	+39.51%	+11.78%	+22.32%	+49.86%	+30.65%	+7.84%	+76.68%	+8.70%	+17.37%

PATH

PATH fundamentals

PATH Q4 2026 Earnings

Earnings Call

You can ask Aime

PATH

PATH fundamentals

PATH Q4 2026 Earnings

Earnings Call

PATH Earnings Call Summary for Q4/20266:45 PM on Mar 11, 2026

PATH Earnings Call Summary for Q3/20265:00 PM on Dec 3, 2025

PATH Earnings Call Summary for Q2/20265:00 PM on Sep 4, 2025

PATH Earnings Call Summary for Q1/20265:00 PM on May 29, 2025

PATH Earnings Call Summary for Q4/20255:00 PM on Mar 12, 2025

You can ask Aime