UiPath Pronounces Q3 Fiscal 2026 Monetary Outcomes

Income of $411 million elevated 16 % year-over-year

ARR of $1.782 billion elevated 11 % year-over-year

GAAP working earnings of $13 million and non-GAAP working earnings of $88 million

NEW YORK–(BUSINESS WIRE)–
UiPath, Inc. (NYSE: PATH), a world chief in agentic automation, right now introduced monetary outcomes for its third quarter fiscal 2026 ended October 31, 2025.

“I’m happy with our third quarter outcomes delivering ARR of $1.782 billion, up 11 % year-over-year, a testomony to the workforce’s focus, constant execution, and the momentum we’re seeing as clients scale agentic automation throughout the enterprise,” stated Daniel Dines, UiPath Founder and Chief Government Officer. “Enterprises are accelerating their AI and automation methods, and so they’re on the lookout for a unified platform fairly than standalone instruments. Our skill to convey deterministic automation, agentic automation, and orchestration collectively in a single trusted, ruled system is a real differentiator. It’s delivering significant outcomes for patrons and positions us nicely as we shut out the 12 months.”

Third Quarter Fiscal 2026 Monetary Highlights

• Income of $411 million elevated 16 % year-over-year.
• ARR of $1.782 billion as of October 31, 2025 elevated 11 % year-over-year.
• Web new ARR of $59 million.
• Greenback based mostly web retention fee of 107 %.
• GAAP gross margin was 83 %.
• Non-GAAP gross margin was 85 %.
• GAAP working earnings was $13 million.
• Non-GAAP working earnings was $88 million.
• Web money circulate from operations was $28 million.
• Non-GAAP adjusted free money circulate was $28 million.
• Money, money equivalents, and marketable securities have been $1.52 billion as of October 31, 2025.

“We delivered stable third quarter outcomes, exceeding steering throughout the board and attaining our first GAAP worthwhile third quarter,” stated Ashim Gupta, UiPath Chief Working Officer and Chief Monetary Officer. “The progress we’ve made in strengthening our working rhythm and execution is displaying up in our outcomes, and we really feel nicely positioned as we head into the top of the 12 months.”

Monetary Outlook

For the fourth quarter fiscal 2026, UiPath expects:

• Income within the vary of $462 million to $467 million
• ARR within the vary of $1.844 billion to $1.849 billion as of January 31, 2026
• Non-GAAP working earnings of roughly $140 million

Reconciliation of non-GAAP working earnings steering to essentially the most immediately comparable GAAP measure isn’t out there 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 results of stock-based compensation expense particular to fairness compensation awards which can be immediately impacted by unpredictable fluctuations in our inventory value. We anticipate the variability of the above expenses to have a major, and probably unpredictable, affect on our future GAAP monetary outcomes.

Latest Enterprise Highlights

• Introduced New UiPath Platform™ Capabilities: At FUSION, UiPath launched new capabilities within the UiPath Platform for Agentic Automation & Orchestration, together with pre-built agentic options and orchestration capabilities for particular use circumstances and industries; new instruments for constructing and testing brokers and automations; and an growth of the platform’s built-in safety and governance, creating a strong resolution that allows organizations to deploy speedy agentic automation to speed up ROI and time-to-value, simplifying deployment throughout all phases of agent-building, automation, orchestration, and workflow automation.
• Integration with Microsoft Azure AI Foundry: UiPath introduced an integration with Microsoft Azure AI Foundry, enabling clients to automate end-to-end processes utilizing UiPath brokers interacting with Azure AI Foundry brokers and fashions. Using a Mannequin Context Protocol (MCP) extends the native, bi-directional integrations with Microsoft 365 Copilot and Microsoft Copilot Studio, permitting UiPath Maestro to deploy and scale end-to-end orchestrated workflows throughout Microsoft or UiPath brokers. This provides course of homeowners and analysts the belief, transparency, and governance wanted to deploy AI brokers in real-world enterprise workflows and understand enterprise worth sooner.
• Introduced Collaboration with OpenAI: UiPath introduced a collaboration with OpenAI to construct a ChatGPT connector that integrates OpenAI frontier fashions with enterprise buyer workflows, powered by UiPath enterprise orchestration, accelerating time to worth and ROI from their agentic AI efforts. UiPath’s best-in-class agentic automation capabilities, OpenAI fashions, and OpenAI APIs will simplify AI agent growth and deployment, permitting customers to give attention to enterprise targets fairly than complexities of the underlying infrastructure and allow course of homeowners to construct belief of their AI brokers.
• Launched UiPath Conversational Agent with Google’s Gemini Fashions: UiPath launched the UiPath Conversational Agent with voice interplay enabled by Google’s Gemini fashions. UiPath clients can now construct agentic automation into enterprise processes shortly and seamlessly with out the necessity for complicated coding and guide effort.
• Introduced Collaboration with NVIDIA: UiPath introduced a collaboration with NVIDIA to assist enterprise clients fortify their current automated workflows with AI capabilities in high-trust situations, similar to fraud detection or care administration in healthcare. Combining UiPath’s agentic automation experience with open NVIDIA Nemotron fashions with NVIDIA NIM empowers organizations to shortly and simply deploy the enterprise-ready AI fashions as microservices – similar to pure language processing, picture understanding, and predictive analytics – to speed up agentic AI adoption and automation for these delicate workflows effectively, precisely, and at scale.
• Partnered with Snowflake for Agent-driven Knowledge Insights: UiPath introduced a partnership with Snowflake, uniting the UiPath Platform™ for agentic automation with Snowflake Cortex AI, empowering companies to shortly flip information insights into sooner and smarter autonomous actions. The mix of UiPath’s Agentic Automation Platform and Snowflake’s Cortex AI Brokers integrates best-in-class enterprise-grade automation with one of many main fashionable information platforms. The mixing expands the power of UiPath Maestro to orchestrate low-code, no-code, and different specialised brokers.
• UiPath Named a Chief and Star Performer within the Everest Group Clever Course of Automation Platform (IPAP) and Full Suite IPAP PEAK Matrix® Evaluation 2025: UiPath was named a Chief and Star Performer within the Everest Group Clever Course of Automation Platform (IPAP) and Full Suite IPAP Peak Matrix® Evaluation 2025, acknowledged for market affect, product imaginative and prescient, and functionality.
• UiPath Positioned as a Chief within the Gartner® Inaugural Magic Quadrant™ for Clever Doc Processing¹: UiPath was positioned as a Chief within the inaugural Gartner® Magic Quadrant™ for Clever Doc Processing (IDP)¹. We consider this recognition displays UiPath’s market-leading imaginative and prescient and the power to ship on that imaginative and prescient with its core IDP choices.
• UiPath Acknowledged as a Chief within the Gartner® Magic Quadrant™ for AI-Augmented Software program Testing Instruments²: UiPath was positioned as a Chief within the Gartner® Magic Quadrant™ for AI-Augmented Software program Testing Instruments². We consider this recognition highlights the expansion and criticality of applied sciences for agentic testing to make sure software program high quality, productiveness, and market responsiveness.
• UiPath Platform™ Named to TIME Journal’s “Finest Innovations of 2025”: UiPath introduced the UiPath Platform™ was named considered one of TIME’s Finest Innovations of 2025, an annual checklist recognizing the world’s most groundbreaking innovations making a distinction and redefining how we reside.
• Launched Automation Cloud in UAE: UiPath introduced an integration with Microsoft Azure. This new cloud-based enterprise SaaS resolution allows non-public and public sector organizations in UAE to strategically place their infrastructure, functions, and information, whereas complying with native information residency laws as they scale up Agentic AI adoption.
• Achieved ISO 42001 Certification for AI Adoption & Deployment: UiPath introduced UiPath Platform™ certification for the ISO/IEC 42001:2023, the world’s first worldwide normal for Synthetic Intelligence Administration Techniques (AIMS) governing how AI applied sciences are designed, developed, deployed, and constantly improved, reinforcing the built-in governance within the platform to safeguard information, cut back threat, and assist organizations undertake and scale agentic automation.
• Introduced UiPath is a Founding Contributor to AIUC-1, Becoming a member of AIUC in Selling Safety Requirements for Enterprise AI Adoption: UiPath introduced it has grow to be a founding technical contributor to AIUC-1, the main safety framework for AI agent adoption within the enterprise, to bolster the framework to make sure excessive ranges of safety and belief for enterprises seeking to undertake brokers into their on a regular basis business-critical processes and workflows.

Convention Name and Webcast

UiPath will host a convention name right now, Wednesday, December 3, 2025, at 5:00 p.m. Japanese Time, to debate the Firm’s third quarter fiscal 2026 monetary outcomes and its steering for the fourth quarter fiscal 2026. To entry this name, dial 1-201-689-8057 (home) or 1-877-407-8309 (worldwide). The passcode is 13756820. A reside webcast of this convention name shall be out there on the “Investor Relations” web page of UiPath’s web site (https://ir.uipath.com), and a replay can even be archived on the web site for one 12 months.

Gartner Disclaimer

¹Gartner, Magic Quadrant for Clever Doc Processing Options, By Shubhangi Vashisth and many others. al, 3 September 2025

²Gartner, Magic Quadrant for AI-Augmented Software program Testing Instruments, By Joachim Herschmann, Sushant Singhal, Ross Energy, C.A. Swan, 6 October 2025

GARTNER is a registered trademark and repair mark of Gartner, Inc. and/or its associates within the U.S. and internationally, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its associates and are used herein with permission. All rights reserved.

Gartner doesn’t endorse any vendor, services or products depicted in its analysis publications, and doesn’t advise expertise customers to pick out solely these distributors with the best rankings or different designation. Gartner analysis publications include the opinions of Gartner’s analysis group and shouldn’t be construed as statements of truth. Gartner disclaims all warranties, expressed or implied, with respect to this analysis, together with any warranties of merchantability or health for a specific goal.

The Gartner content material described herein, (the “Gartner Content material”) characterize(s) analysis opinion or viewpoints printed, as a part of a syndicated subscription service, by Gartner, Inc. (“Gartner”), and should not representations of truth. Gartner Content material speaks as of its unique publication date (and never as of the date of this earnings launch) and the opinions expressed within the Gartner Content material are topic to alter with out discover.

Everest Group Disclaimer

Licensed extracts taken from Everest Group’s PEAK Matrix® Experiences could also be utilized by licensed third events to be used in their very own advertising and marketing and promotional actions and collateral. Chosen extracts from Everest Group’s PEAK Matrix® reviews don’t essentially present the complete context of our analysis and evaluation. All analysis and evaluation performed by Everest Group’s analysts and included in Everest Group’s PEAK Matrix® reviews is impartial and no group has paid a price to be featured or to affect their rating. To entry the entire analysis and to be taught extra about our methodology, please go to Everest Group PEAK Matrix® Experiences.

About UiPath

UiPath (NYSE: PATH) is a world chief in agentic automation, empowering enterprises to harness the complete potential of AI brokers to autonomously execute and optimize complicated enterprise processes. The UiPath Platform™ uniquely combines managed company, developer flexibility, and seamless integration to assist organizations scale agentic automation safely and confidently. Dedicated to safety, governance, and interoperability, UiPath helps enterprises as they transition right into a future the place automation delivers on the complete potential of AI to rework industries. For extra data, go to www.uipath.com.

Ahead-Trying Statements

Statements we make on this press launch might embrace statements which aren’t historic details and are thought of forward-looking inside the which means of the Personal Securities Litigation Reform Act of 1995, that are normally recognized by way of phrases similar to “anticipates,” “believes,” “estimates,” “expects,” “intends,” “might,” “plans,” “potential,” “tasks,” “outlook,” “seeks,” “ought to,” “will,” and variations of such phrases or related expressions, together with the negatives of those phrases or related expressions.

We intend these forward-looking statements to be coated by the secure harbor provisions for forward-looking statements contained in Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade 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 steering for the fourth fiscal quarter 2026; our skill to drive and speed up future progress and operational effectivity and develop our platform, product choices, and market alternative; our enterprise technique; plans and goals 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. Ahead-looking statements contain identified and unknown dangers, uncertainties, and different elements that 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 skill to successfully handle our progress and obtain or maintain profitability; our skill to accumulate new clients and efficiently retain current clients; the power of the UiPath Platform™ to fulfill and adapt to buyer calls for and our skill to extend its adoption; our skill to develop our platform and launch new performance in a well timed method; future investments in our enterprise, our anticipated capital expenditures, and our estimates relating to our capital necessities; the prices and success of our advertising and marketing efforts and our skill to evolve and improve our model; our progress methods; the estimated addressable market alternative for our platform and for automation on the whole; our reliance on key personnel and our skill to draw, combine, and retain highly-qualified personnel and execute administration transitions; our skill 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 and different modifications in geopolitical relationships and inflationary value traits, on our enterprise, trade, and the worldwide financial system; our reliance on third-party suppliers of cloud-based infrastructure; our skill to compete successfully with current rivals and new market entrants, together with new, probably disruptive applied sciences; the scale and progress charges of the markets by which we compete; and the value volatility of our Class A standard inventory.

Additional data on dangers that would trigger precise outcomes to vary materially from our steering and different forward-looking statements might be present in our Annual Report on Type 10-Okay for the fiscal 12 months ended January 31, 2025 filed with the USA Securities and Trade Fee (SEC) on March 24, 2025, and different filings and reviews that we might file on occasion with the SEC. Any forward-looking statements contained on this press launch are based mostly on assumptions that we consider to be affordable as of this date. Besides as required by legislation, we assume no obligation to replace these forward-looking statements.

Key Efficiency 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 skill to accumulate new subscription clients and to keep up and increase {our relationships} with current subscription clients. We outline ARR as annualized invoiced quantities per resolution 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 mirror nonrecurring rebates payable to companions (upon establishing adequate historical past of their nonrecurring nature), the affect of nonrecurring incentives (similar to one-time reductions supplied below gross sales promotional packages), and any precise or anticipated reductions in invoiced worth resulting from 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 companies. ARR isn’t a forecast of future income, which is impacted by contract begin and finish dates and length. ARR must be seen independently of income and deferred income as ARR is an working metric and isn’t supposed to interchange these things.

Greenback-based web retention fee represents the speed of web growth of our ARR from current clients over the previous 12 months. We calculate dollar-based web retention fee 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 Interval ARR). We then calculate the ARR from these identical clients as of the present interval finish (Present Interval ARR). Present Interval ARR contains any growth 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 Present Interval ARR by whole Prior Interval ARR to reach at dollar-based web retention fee. Greenback-based web retention fee might fluctuate based mostly on the purchasers that qualify to be included within the cohort used for calculation and should not mirror our precise efficiency.

Buyers shouldn’t place undue reliance on ARR or dollar-based web retention fee as an indicator of future or anticipated outcomes. Our presentation of those metrics might differ from equally titled metrics introduced by different corporations and due to this fact comparability could also be restricted.

Non-GAAP Monetary Measures

Non-GAAP monetary measures are monetary measures which can be derived from the consolidated monetary statements, however that aren’t introduced in accordance with typically accepted accounting ideas in the USA (GAAP). This earnings press launch contains monetary measures outlined as non-GAAP monetary measures by the SEC, together with non-GAAP value of licenses, non-GAAP value of subscription companies, non-GAAP value {of professional} companies and different, non-GAAP gross revenue and margin, non-GAAP gross sales and advertising and marketing bills, non-GAAP analysis and growth bills, non-GAAP basic 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 standard inventory;
• change in honest worth of contingent consideration; and
• within the case of non-GAAP web earnings, launch of valuation allowance on deferred tax belongings and estimated tax changes related to the add-back gadgets, as relevant.

Moreover, this earnings launch presents non-GAAP adjusted free money circulate, which is calculated by adjusting GAAP working money flows for the affect 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 buyers by excluding the results of things that don’t mirror the peculiar earnings of our operations, and as a complement to GAAP measures. UiPath believes that the usage of these non-GAAP monetary measures gives a further instrument for buyers to make use of in evaluating ongoing working outcomes and traits and in evaluating its monetary outcomes with different corporations in UiPath’s trade, lots of which current related non-GAAP monetary measures to buyers. Buyers ought to contemplate these non-GAAP monetary measures along with, and never as an alternative choice to, our monetary efficiency measures ready in accordance with GAAP. Additional, our non-GAAP data could also be totally different from the non-GAAP data supplied by different corporations. The data beneath gives a reconciliation of non-GAAP monetary measures used on this earnings press launch to essentially the most immediately comparable GAAP monetary measures. We encourage buyers to think about our GAAP outcomes alongside our supplemental non-GAAP measures, and to assessment 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.

UiPath, Inc.
Condensed Consolidated Statements of Operations
in hundreds, besides per share information
(unaudited)
		Three Months Ended October 31,								9 Months Ended October 31,
			2025				2024				2025				2024
Income:
Licenses		$	150,043			$	137,174			$	390,490			$	389,553
Subscription companies			247,573				206,922				703,239				586,726
Skilled companies and different			13,497				10,557				35,736				29,739
Complete income			411,113				354,653				1,129,465				1,006,018
Value of income:
Licenses			1,311				2,340				3,779				7,334
Subscription companies			40,121				43,487				116,818				123,770
Skilled companies and different			27,380				17,936				76,452				51,304
Complete value of income			68,812				63,763				197,049				182,408
Gross revenue			342,301				290,890				932,416				823,610
Working bills:
Gross sales and advertising and marketing			179,186				187,188				505,150				561,657
Analysis and growth			96,869				96,976				290,049				281,012
Common and administrative			53,175				50,090				160,743				177,119
Complete working bills			329,230				334,254				955,942				1,019,788
Working earnings (loss)			13,071				(43,364	)			(23,526	)			(196,178	)
Curiosity earnings			11,701				10,055				36,353				37,255
Different (expense) earnings, web			(180	)			7,810				(4,636	)			26,199
Revenue (loss) earlier than earnings taxes			24,592				(25,499	)			8,191				(132,724	)
Profit from earnings taxes			(174,247	)			(14,844	)			(169,677	)			(7,236	)
Web earnings (loss)		$	198,839			$	(10,655	)		$	177,868			$	(125,488	)
Web earnings (loss) per share, primary		$	0.37			$	(0.02	)		$	0.33			$	(0.22	)
Web earnings (loss) per share, diluted		$	0.37			$	(0.02	)		$	0.33			$	(0.22	)
Weighted-average shares utilized in computing web earnings (loss) per share, primary			532,255				551,036				538,854				562,950
Weighted-average shares utilized in computing web earnings (loss) per share, diluted			539,018				551,036				544,718				562,950

UiPath, Inc.
Condensed Consolidated Stability Sheets
in hundreds
(unaudited)
		As of
		October 31, 2025				January 31, 2025
Belongings
Present belongings
Money and money equivalents		$	743,660			$	879,196
Restricted money			438				438
Marketable securities			654,526				750,322
Accounts receivable, web of allowance for credit score losses of $4,291 and $1,642, respectively			366,757				451,131
Contract belongings			129,335				88,735
Deferred contract acquisition prices			86,499				82,461
Pay as you go bills and different present belongings			112,128				86,276
Complete present belongings			2,093,343				2,338,559
Marketable securities, non-current			121,609				94,113
Contract belongings, non-current			4,701				3,447
Deferred contract acquisition prices, non-current			137,775				139,341
Property and gear, web			44,604				32,740
Working lease right-of-use belongings			65,166				66,500
Intangible belongings, web			21,583				7,905
Goodwill			120,625				87,304
Deferred tax belongings			212,999				27,963
Different belongings, non-current			73,571				67,398
Complete belongings		$	2,895,976			$	2,865,270
Liabilities and stockholders’ fairness
Present liabilities
Accounts payable		$	14,280			$	33,178
Accrued bills and different present liabilities			151,871				83,923
Accrued compensation and worker advantages			88,551				112,355
Deferred income			533,998				569,464
Complete present liabilities			788,700				798,920
Deferred income, non-current			99,155				135,843
Working lease liabilities, non-current			72,016				74,230
Different liabilities, non-current			11,488				10,515
Complete liabilities			971,359				1,019,508
Commitments and contingencies
Stockholders’ fairness
Class A standard inventory			5				5
Class B widespread inventory			1				1
Treasury inventory			(824,329	)			(494,779	)
Further paid-in capital			4,531,257				4,333,300
Gathered different complete earnings (loss)			27,690				(4,890	)
Gathered deficit			(1,810,007	)			(1,987,875	)
Complete stockholders’ fairness			1,924,617				1,845,762
Complete liabilities and stockholders’ fairness		$	2,895,976			$	2,865,270

UiPath, Inc.
Condensed Consolidated Statements of Money Flows
in hundreds
(unaudited)
		9 Months Ended October 31,
			2025				2024
Money flows from working actions
Web earnings (loss)		$	177,868			$	(125,488	)
Changes to reconcile web earnings (loss) to web money supplied by working actions:
Depreciation and amortization			11,996				14,017
Amortization of deferred contract acquisition prices			71,096				62,951
Web accretion on marketable securities			(9,047	)			(26,552	)
Inventory-based compensation expense			225,842				270,520
Charitable donation of Class A standard inventory			4,187				6,564
Non-cash working lease expense			12,904				11,762
Profit from deferred earnings taxes			(187,310	)			(20,773	)
Credit score loss expense			4,591				1,765
Different non-cash expenses (credit), web			6,137				(1,822	)
Adjustments in working belongings and liabilities:
Accounts receivable			93,457				98,062
Contract belongings			(37,146	)			(32,179	)
Deferred contract acquisition prices			(65,617	)			(59,657	)
Pay as you go bills and different belongings			(10,378	)			10,228
Accounts payable			(17,401	)			14,954
Accrued bills and different liabilities			36,027				11,230
Accrued compensation and worker advantages			(28,846	)			(48,587	)
Working lease liabilities, web			(7,452	)			(10,750	)
Deferred income			(92,048	)			(1,762	)
Web money supplied by working actions			188,860				174,483
Money flows from investing actions
Purchases of marketable securities			(507,239	)			(1,162,243	)
Maturities of marketable securities			585,081				1,176,776
Purchases of property and gear			(15,996	)			(7,531	)
Funds associated to enterprise acquisition, web of money acquired			(24,821	)			—
Different investing, web			(16,839	)			(35,809	)
Web money supplied by (utilized in) investing actions			20,186				(28,807	)
Money flows from financing actions
Repurchases of Class A standard inventory			(329,101	)			(381,403	)
Proceeds from train of inventory choices			967				934
Funds of tax withholdings on settlement of fairness awards			(41,703	)			(60,384	)
Proceeds from worker inventory buy plan contributions			11,864				12,893
Fee of deferred consideration associated to enterprise acquisition			—				(5,570	)
Web money utilized in financing actions			(357,973	)			(433,530	)
Impact of alternate fee modifications			13,391				(194	)
Web lower in money, money equivalents, and restricted money			(135,536	)			(288,048	)
Money, money equivalents, and restricted money – starting of interval			879,634				1,062,116
Money, money equivalents, and restricted money – finish of interval		$	744,098			$	774,068

UiPath, Inc.
Reconciliation of GAAP Value of Income, Gross Revenue and Margin to Non-GAAP Value of Income, Gross Revenue and Margin
in hundreds, besides percentages
(unaudited)
		Three Months Ended October 31,								9 Months Ended October 31,
			2025				2024				2025				2024
GAAP value of licenses		$	1,311			$	2,340			$	3,779			$	7,334
Much less: Amortization of acquired intangible belongings			251				822				742				2,485
Non-GAAP value of licenses		$	1,060			$	1,518			$	3,037			$	4,849
GAAP value of subscription companies		$	40,121			$	43,487			$	116,818			$	123,770
Much less: Inventory-based compensation expense			3,317				5,041				10,873				14,601
Much less: Amortization of acquired intangible belongings			923				602				2,529				1,790
Much less: Employer payroll tax expense associated to worker fairness transactions			41				46				182				291
Much less: Restructuring prices			—				7				585				325
Non-GAAP value of subscription companies		$	35,840			$	37,791			$	102,649			$	106,763
GAAP value {of professional} companies and different		$	27,380			$	17,936			$	76,452			$	51,304
Much less: Inventory-based compensation expense			2,359				2,953				7,445				8,438
Much less: Employer payroll tax expense associated to worker fairness transactions			22				24				83				117
Much less: Restructuring prices			—				(21	)			18				105
Non-GAAP value {of professional} companies and different		$	24,999			$	14,980			$	68,906			$	42,644
GAAP gross revenue		$	342,301			$	290,890			$	932,416			$	823,610
GAAP gross margin			83	%			82	%			83	%			82	%
Plus: Inventory-based compensation expense			5,676				7,994				18,318				23,039
Plus: Amortization of acquired intangible belongings			1,174				1,424				3,271				4,275
Plus: Employer payroll tax expense associated to worker fairness transactions			63				70				265				408
Plus: Restructuring prices			—				(14	)			603				430
Non-GAAP gross revenue		$	349,214			$	300,364			$	954,873			$	851,762
Non-GAAP gross margin			85	%			85	%			85	%			85	%

UiPath, Inc.
Reconciliation of GAAP Working Bills, Revenue (Loss) and Margin to Non-GAAP Working Bills, Revenue and Margin
in hundreds, besides percentages
(unaudited)
		Three Months Ended October 31,								9 Months Ended October 31,
			2025				2024				2025				2024
GAAP gross sales and advertising and marketing		$	179,186			$	187,188			$	505,150			$	561,657
Much less: Inventory-based compensation expense			21,589				32,688				68,577				106,377
Much less: Amortization of acquired intangible belongings			1,045				307				2,548				1,157
Much less: Employer payroll tax expense associated to worker fairness transactions			289				356				1,140				2,156
Much less: Restructuring prices			—				1,956				2,524				9,927
Non-GAAP gross sales and advertising and marketing		$	156,263			$	151,881			$	430,361			$	442,040
GAAP analysis and growth		$	96,869			$	96,976			$	290,049			$	281,012
Much less: Inventory-based compensation expense			32,249				34,211				102,931				96,007
Much less: Employer payroll tax expense associated to worker fairness transactions			344				237				1,184				1,155
Much less: Restructuring prices			—				187				(52	)			1,868
Non-GAAP analysis and growth		$	64,276			$	62,341			$	185,986			$	181,982
GAAP basic and administrative		$	53,175			$	50,090			$	160,743			$	177,119
Much less: Inventory-based compensation expense			11,961				12,595				36,016				45,097
Much less: Amortization of acquired intangible belongings			31				39				93				117
Much less: Employer payroll tax expense associated to worker fairness transactions			207				124				474				714
Much less: Restructuring prices			—				911				1,332				3,427
Much less: Charitable donation of Class A standard inventory			—				—				4,187				6,564
Much less: Change in honest worth of contingent consideration			79				—				(198	)			—
Non-GAAP basic and administrative		$	40,897			$	36,421			$	118,839			$	121,200
GAAP working earnings (loss)		$	13,071			$	(43,364	)		$	(23,526	)		$	(196,178	)
GAAP working margin			3	%			(12	)%			(2	)%			(20	)%
Plus: Inventory-based compensation expense			71,475				87,488				225,842				270,520
Plus: Amortization of acquired intangible belongings			2,250				1,770				5,912				5,549
Plus: Employer payroll tax expense associated to worker fairness transactions			903				787				3,063				4,433
Plus: Restructuring prices			—				3,040				4,407				15,652
Plus: Charitable donation of Class A standard inventory			—				—				4,187				6,564
Plus: Change in honest worth of contingent consideration			79				—				(198	)			—
Non-GAAP working earnings		$	87,778			$	49,721			$	219,687			$	106,540
Non-GAAP working margin			21	%			14	%			19	%			11	%

UiPath, Inc.
Reconciliation of GAAP Web Revenue (Loss) and GAAP Web Revenue (Loss) Per Share to Non-GAAP Web Revenue and Non-GAAP Web Revenue Per Share
in hundreds, besides per share information
(unaudited)
		Three Months Ended October 31,								9 Months Ended October 31,
			2025				2024				2025				2024
GAAP web earnings (loss)		$	198,839			$	(10,655	)		$	177,868			$	(125,488	)
Plus: Inventory-based compensation expense			71,475				87,488				225,842				270,520
Plus: Amortization of acquired intangible belongings			2,250				1,770				5,912				5,549
Plus: Employer payroll tax expense associated to worker fairness transactions			903				787				3,063				4,433
Plus: Restructuring prices			—				3,040				4,407				15,652
Plus: Charitable donation of Class A standard inventory			—				—				4,187				6,564
Plus: Change in honest worth of contingent consideration			79				—				(198	)			—
Much less: Launch of valuation allowance on deferred tax belongings			(184,465	)			(24,633	)			(184,465	)			(24,633	)
Tax changes to add-backs			(3,912	)			2,009				(10,942	)			4,191
Non-GAAP web earnings		$	85,169			$	59,806			$	225,674			$	156,788
GAAP web earnings (loss) per share, primary		$	0.37			$	(0.02	)		$	0.33			$	(0.22	)
GAAP web earnings (loss) per share, diluted		$	0.37			$	(0.02	)		$	0.33			$	(0.22	)
GAAP weighted common widespread shares excellent, primary			532,255				551,036				538,854				562,950
Plus: Dilutive potential widespread shares from excellent fairness awards			6,763				—				5,864				—
GAAP weighted common widespread shares excellent, diluted			539,018				551,036				544,718				562,950
Non-GAAP weighted common widespread shares excellent, primary			532,255				551,036				538,854				562,950
Plus: Dilutive potential widespread shares from excellent fairness awards			6,763				2,906				5,864				7,369
Non-GAAP weighted common widespread shares excellent, diluted			539,018				553,942				544,718				570,319
Non-GAAP web earnings per share, primary		$	0.16			$	0.11			$	0.42			$	0.28
Non-GAAP web earnings per share, diluted		$	0.16			$	0.11			$	0.41			$	0.27

UiPath, Inc.
Reconciliation of GAAP Working Money Stream to Non-GAAP Adjusted Free Money Stream
in hundreds
(unaudited)
		9 Months Ended October 31,
			2025				2024
GAAP web money supplied by working actions		$	188,860			$	174,483
Purchases of property and gear			(15,996	)			(7,531	)
Money paid for employer payroll taxes associated to worker fairness transactions			3,019				4,435
Web funds of worker tax withholdings on inventory possibility workout routines			7				6
Money paid for restructuring prices			13,616				11,475
Non-GAAP adjusted free money circulate		$	189,506			$	182,868

 

View supply model on businesswire.com: https://www.businesswire.com/information/house/20251203017308/en/

Investor Relations Contact

Allise Furlani

Investor.relations@uipath.com

UiPath

Media Contact

PR@uipath.com

UiPath

Supply: UiPath, Inc.

Launched December 3, 2025